Question
Mr Inderjit Singh: To ask the Minister for Trade and Industry whether the Ministry will consider disallowing the purchase of industrial properties for investment purposes and allowing industrial properties to be bought only by users themselves.
Oral Reply by Mr Lim Hng Kiang, Minister for Trade and Industry
1. There are currently no restrictions on the purchase of industrial properties by investors. Introducing such restrictions will have significant impact on businesses.
2. Not all industrialists buy industrial space. Some industrialists prefer a rental arrangement, which may give them greater business flexibility. Others may choose not to commit higher upfront financial resources to own their properties. MTI ensures that there is sufficient space for industrialists to either buy or rent industrial space.