Written Answer to Unanswered Oral Question
Average Land Lease Duration for State Land Sold Over Last 10 Years
Ministry of LawSpeakers
Transcript
94 Mr Chua Kheng Wee Louis asked the Minister for Law in respect of state land sold over the last 10 years (a) what is the average land lease duration awarded; and (b) what is the breakdown in the land lease duration for sites sold within each of the following use groups: (i) residential, (ii) commercial, (iii) industrial, (iv) hospitality, (v) white sites and (vi) others.
Mr K Shanmugam: The tenure of sites sold through the Government Land Sales Programme typically depends on factors such as the type of use and site-specific planning considerations. For example, the tenure for residential, commercial, hospitality and white sites is typically 99 years, while industrial sites are generally sold on tenures between 20 and 30 years.