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

Nonetheless, a bigger total of property plots remain on the reserve checklist– 3.52 ha, or 378,890 sq ft, giving a prospective gross floor area of 0.86 sq ft. This reflects underlying caution stemming from geopolitical stress and also company dilemmas, according to Tan.

“The government had most likely considered Singapore’s commercial building market performance in the very first quarter while calibrating the latest IGLS system,” claims Tan.

The awaited gross flooring place for these 7 areas could potentially get to 1.35 million sqft, up 37% from the IGLS program in the initial one-half of the year, according to Tan Boon Leong, the executive supervisor of strategies and also industrial leasing at JLL.

Underpinned by an effective making interest which had noted the 7th succeeding quarter of expansion in the very first quarter, the all-industrial hire index and also real estate index expanded by 1% q-o-q as well as 2.1% q-o-q each, according to JTC statistics. It is the top expansion logged since 2013 and 2014 respectively.

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.

The M Condo Middle Road

This consists of 4 sites from the validated list and also three sites from the reserved list, totalling a site location of 6.36 ha, or 684,584 sq ft.

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