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

This consists of four locations from the verified checklist as well as 3 websites from the reserved listing, amounting to a site area 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) system for the 2nd part of the year.

“The authorities had most likely taken into account Singapore’s industrial real estate market productivity in the very first quarter while adjusting the most recent IGLS system,” states Tan.

Underpinned by a solid making interest which had reported the 7th consecutive quarter of development in the first quarter, the all-industrial service index as well as residential property index went up by 1% q-o-q as well as 2.1% q-o-q respectively, according to JTC statistics. It is the greatest expansion documented from 2013 and 2014 specifically.

Hyll on Holland showflat location

The expected total flooring place for these seven sites might probably reach 1.35 million sqft, up 37% from the IGLS plan in the initial half of the year, according to Tan Boon Leong, the managing director of logistics as well as commercial leasing at JLL.

Nonetheless, a much bigger measure of property parcels rest on the reserve list– 3.52 ha, or 378,890 sq ft, yielding a probable gross level area of 0.86 sq ft. This mirrors underlying caution stemming from geopolitical tensions and also service unpredictabilities, according to Tan.