Singapore reduces industrial land tenures to cut costs

Reuters, 11 Jun 2012
(Reuters) - Singapore will reduce the tenure of industrial land sold by the state to help lower the upfront cost of building factories and warehouses, the government said on Monday.
Under the industrial government land sales programme for the second half of 2012, the tenure for all recommended sites will be cut to a maximum of 30 years, down from 60 years, said the Ministry of Trade and Industry Full story