Despite the governmental measures such as halving the maximum industrial land tenure to 30 years, and introducing restrictions on subdivision in selected sites and requiring strata units to be at least 150 sq m, prices of industrial properties continued to rise rapidly, with the industrial property prices increasing by 26.7% from Q1 –Q3, and rents…
INDUSTRIAL landlord JTC will continue to ensure a steady supply of space for small and medium-sized enterprises (SMEs), Trade and Industry Minister Lim Hng Kiang noted in a written parliamentary reply released yesterday. Click here for a full release of the statement. He was responding to Ang Mo Kio GRC MP Inderjit Singh, who asked…
The rising number of investors flipping their industrial units for a profit has caught the eye of the Government. It has warned that fresh measures might be introduced if prices do not moderate. A Ministry of Trade and Industry spokesman told The Straits Times it has observed a “rising incidence of short-term flipping in the…
12 June 2012 New guidelines on allowable spaces for religious activities The Urban Redevelopment Authority (URA) and the Ministry of Community Development, Youth and Sports (MCYS) have jointly issued new guidelines on land development and use of space for religious activities. These guidelines will take immediate effect. 2. The Government acknowledges the need for space…