Are you planning to buy an industrial land in Singapore? Industrial land for sale here is the land that is zoned under industrial. It is usually sold by the government of Singapore through GLS or Government Land Sales programme. Such lands for sale are prepared for custom-built facilities that will be on 30 or 60 years lease. Here are other facts that you will want to know:
- Business 1 (B1) – are areas used or proposed to be used for warehouse, industry, telecommunication, and utilities wherein the relevant authority such as NEA will not enforce a nuisance buffer that is more than 50 meters.
- Business 2 (B2) – are areas used or proposed to be used for warehouse, industry, telecommunication, and utilities wherein the uses of business will be imposed with nuisance buffer that is more than 50 meters and within the safety and health buffers. Industries that are considered to be special such as manufacture of industrial machinery, repairing and shipbuilding may be allowed in some areas but will still be subject for evaluation that is to be done by the competent authority.
- Foreigners in Singapore are allowed to own industrial land but shop houses that are not strata subdivided and are erected or on lands that are zoned residential are restricted properties, and foreigners will not be allowed to buy without getting any approval from the government.
- Even if HDB houses are built by the Housing Development Board (HDB), there will be no restriction to foreigners that are above 21 years old and who are not undercharged with bankruptcy except for those that are zoned residential.
- The business park island is set aside for non-pollutive businesses and industries that are engaged in high technology, high value added and knowledge intensive activities, and research and development. Science parks and business parks are developments that are under this zoning.
You will want to talk to a real estate service provider in Singapore to get more in-depth details. You get can advices and assistance with your industrial land needs as well as integrated and creative solutions.