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

Nonetheless, a bigger total of land parcels rest on the reserve list– 3.52 ha, or 378,890 sq ft, producing a probable gross ground area of 0.86 sq ft. This reflects underlying caution stemming from geopolitical pressures and firm uncertainties, according to Tan.

“The government had actually most likely taken into account Singapore’s industrial property market productivity in the initial quarter while adjusting the most up to date IGLS system,” says Tan.

The Arden condominium

Underpinned by a powerful production need which had recorded the seventh continuous quarter of development in the initial quarter, the all-industrial service index as well as residential property index expanded by 1% q-o-q as well as 2.1% q-o-q each, according to JTC statistics. It is the greatest buildup noted ever since 2013 and 2014 specifically.

The expected gross flooring space for these seven sites can probably reach 1.35 million sqft, up 37% from the IGLS program in the first one-half of the year, according to Tan Boon Leong, the corporate director of strategies as well as commercial leasing at JLL.

This makes up four locations from the verified checklist and three sites from the reserved selection, amounting to a site place of 6.36 ha, or 684,584 sq ft.

The Ministry of Trade and Industry (MTI) on June 30 inaugurated its Industrial Government Land Sales (IGLS) program for the 2nd part of the year.

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