Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/159405
Title: URA SALE OF INDUSTRIAL & WAREHOUSE SITES
Authors: BIN HEE DIN TONY
Issue Date: 1984
Citation: BIN HEE DIN TONY (1984). URA SALE OF INDUSTRIAL & WAREHOUSE SITES. ScholarBank@NUS Repository.
Abstract: Since the introduction of the sale of urban redevelopment sites in 1967, 11 Sales have materialised. Each Sale was released at varying times to realise the government's objectives and policies during these times. The successful Sale of Industrial and Warehouse sites in the urban redevelopment programme only came about in the 8th Sale. Many factors could be attributed to this new move: The author is of the opinion that, since the redevelopment programme has achieved most of its major objectives in the provision of commercial, retail, hotel and residential space - the strategy was then redirected to the industrial and warehouse sector. The unrelentless lead which the government took in providing the industrial infrastructure in the 1960s in Jurong could now be relaxed. The clean-up of the Singapore River resulting in the cleaning up of the River and the provision of alternative warehouse space and the government's efforts to make Singapore a regional storage and distributive centre called for private participation: in terms of expertise, resource and finance. The initial warmly received sites have somehow not been reflected in the developer's efforts to market these properties. 2 major reasons could be attributed to this: the poor economic situation and the 60 years tenure. Transactions reflect this. Sales have either been below cost or just sufficient to break-even the high cost of sites. In retrospect, the URA's tender policy - often resulting in very high prices and planning strategy are questioned. What is the rationale of the URA in offering sites? Is it for pure economic gain or is it to be the instrument through which economic policies and national objectives are realised? The conclusion is left to the discretion of the reader.
URI: https://scholarbank.nus.edu.sg/handle/10635/159405
Appears in Collections:Bachelor's Theses

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