Government to sell industrial land site in Jurong with 20-year lease

Fifteen industrial land plots will be made available for sale by the Government in the second half of this year, including a 20-year leasehold site in Penjuru Road in Jurong East. -- PHOTO: PRESS RELEASE FROM MINISTRY OF TRADE AND INDUSTRY
Fifteen industrial land plots will be made available for sale by the Government in the second half of this year, including a 20-year leasehold site in Penjuru Road in Jurong East. -- PHOTO: PRESS RELEASE FROM MINISTRY OF TRADE AND INDUSTRY

SINGAPORE - Fifteen industrial land plots will be made available for sale by the Government in the second half of this year, including a 20-year leasehold site in Penjuru Road in Jurong East.

The unusually short lease is aimed at providing manufacturers with industrial space at an affordable price, according to the Ministry of Trade and Industry.

"The shorter tenure will meet the needs of industrialists for multiple-user development at affordable prices," it said in a statement on Wednesday.

The Penjuru Road plot is among nine sites that will be put on the Confirmed List, which means they will be launched for sale at a scheduled date regardless of indicative demand. Six of the other Confirmed List sites are in Tuas while the remaining two are in Tampines.

Another six plots will be put on the Reserve List, to be launched for sale only when there is sufficient interest from developers at prices that meet the Government's minimum requirements.