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Five new industrial sites to be offered under land sales programme
By Loh Kim Chin, Channel NewsAsia | Posted: 31 July 2006 1937 hrs

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SINGAPORE : Three industrial land sites totalling 4.1 hectares will be placed on the Confirmed List of the government land sales programme in the second half of 2006.

This means the sites will be released for sale by tender without a developer undertaking to bid a minimum price for them.

The three parcels are in Changi North, Serangoon North and Woodlands Industrial Park.

They are expected to be released between September and November this year.

To meet potential demand for industrial land, two new sites at Tuas and Sin Ming will be added to the Reserve List.

A third site at Tampines and Simei will continue to be made available in the second half Reserve List.

Under the Reserve List, the government will only release a site for sale if an interested party offers to bid a minimum purchase price that is acceptable to the government. - CNA /ct