Largest bi-annual Industrial Government Land Sales (IGLS) programme launched since 2020

Nonetheless, a larger measure of land parcels rest on the reserve selection– 3.52 ha, or 378,890 sq ft, yielding a potential gross ground local area of 0.86 sq ft. This emulates underlying caution originating from geopolitical stress and service uncertainties, according to Tan.

This makes up 4 locations from the verified list and also 3 websites from the scheduled selection, amounting to a site area of 6.36 ha, or 684,584 sq ft.

One Bernam condominium

“The government had likely taken into account Singapore’s commercial building market performance in the first quarter while adjusting the current IGLS procedure,” claims Tan.

The expected gross floor location for these 7 locations can likely reach 1.35 million sqft, up 37% from the IGLS plan in the very first half of the year, according to Tan Boon Leong, the managing director of plans and also commercial leasing at JLL.

The Ministry of Trade and Industry (MTI) on June 30 released its Industrial Government Land Sales (IGLS) programme for the second part of the year.

Underpinned by a strong produce interest which had actually reported the 7th successive quarter of development in the initial quarter, the all-industrial hire index as well as house index climbed by 1% q-o-q as well as 2.1% q-o-q specifically, according to JTC reports. It is the top development reported since 2013 and 2014 respectively.

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