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Minister for Trade & Industry (Trade) Lim Hng Kiang on Wednesday (19 October) announced that all industrial land and properties under the Housing and Development Board will be transferred to JTC Corporation in the first quarter of 2018.
The housing board hold leases to about 10,700 industrial units and 540 industrial land, including factories in Woodlands and Bukit Batok, as well as those in the Sin Ming Industrial Estate, Defu Industrial Estate and Kampong Ubi Industrial Estate.
In a report by The Straits Times, Mr Lim said the move to consolidate these properties is to better support small and medium enterprises (SMEs) here as they will only need to approach a single agency.
“JTC will be also be able to better match companies’ space needs across the different stages of their growth with a larger supply of industrial land and space, including its innovative facilities,” Mr Lim said.
The minister also said the move also allows the Singapore government to undertake a “more comprehensive master planning of industrial estates” here, enabling the agency to “better cluster complementary activities and integrate activities along the value-chain.”
Nikki De Guzman, Editor at PropertyGuru, edited this story. To contact her about this and other stories, email nikki@propertyguru.com.sg.
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