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Furthermore, although this website was zoned as commercial, it's going to little doubt have knock-on effects on land valuations of residential property, together with land transferred to the Housing and Growth Board (HDB) for public housing. Already, it is believed — and the government, in its refusal to disclose particulars, has not mentioned in any other case — that more than half the promoting price of a 99-year leasehold of an HDB flat truly consists of notional land value alone.

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As part of JTC's regular review of posted rates, we can be updating our posted rents and costs with impact from 1 July 2014. Consistent with the market pattern and protecting enterprise prices aggressive for industrialists, there will be a common lower within the posted rents and costs of most of our industrial land, while that of ready-constructed facilities can be stored at their current ranges. General, the rents and prices for JTC industrial land and ready-constructed facilities stay aggressive in contrast with the prevailing market charges. We are going to continue to monitor the market closely and keep attentive to market tendencies.