Largest bi-annual Industrial Government Land Sales (IGLS) programme launched since 2020
The awaited gross floor location for these seven locations might possibly get to 1.35 million sqft, up 37% from the IGLS program in the first half of the year, according to Tan Boon Leong, the corporate supervisor of logistics as well as commercial leasing at JLL.
“The government had actually likely taken into account Singapore’s industrial property market performance in the first quarter while calibrating the current IGLS procedure,” says Tan.
Nevertheless, a bigger measure of property plots remain on the reserve listing– 3.52 ha, or 378,890 sq ft, producing a prospective gross level local area of 0.86 sq ft. This shows underlying caution stemming from geopolitical strains and organization dilemmas, according to Tan.
This comprises four locations from the confirmed list as well as three sites from the scheduled listing, amounting to a site place of 6.36 ha, or 684,584 sq ft.
The Ministry of Trade and Industry (MTI) on June 30 released its Industrial Government Land Sales (IGLS) programme for the 2nd half of the year.
Underpinned by an effective production interest which had recorded the 7th successive quarter of progress in the first quarter, the all-industrial hire index as well as house index increased by 1% q-o-q and 2.1% q-o-q specifically, according to JTC data. It is the top expansion reported as 2013 and 2014 respectively.
