Written reply to PQ on data on industrial land leases near-expiration and median renewal from 2025 to 2030, and take-up rate for Enhanced Industrial Land Lease Framework

Question:

Mr Sanjeev Kumar Tiwari: To ask the Deputy Prime Minister and Minister for Trade and Industry (a) from 2025 to 2030, what is the number of industrial land leases that are expiring and/or due for renewal and the median renewal tenure for each year respectively; and (b) what is the take-up rate under the Enhanced Industrial Land Lease Framework announced in March 2025. 

Written Answer by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong

1.                  The Lease Renewal (LR) application window was previously six years before lease expiry. This was brought forward under the Enhanced Industrial Land Lease Framework to 10 years before lease expiry. Over 400 companies, an increase of approximately 50%, will now be eligible for LRs between 2026 and 2030. JTC has also expanded the definition of Plant & Machinery (P&M) investments, which are required for LR, to recognise auditable investments in innovation, R&D, digitalisation and IP creation. The typical renewal tenure is 20 years.

2.                  Other than enhancements to the LR process, JTC has offered an additional three years of lease tenure for all new greenfield industrial land allocations since March 2025 to cover businesses’ building and development period. About 15 allocations have benefited from this.

3.                  JTC has also announced a new Flexible Lease Extension Initiative (FLEXI) scheme, which came into effect in January 2026. Although JTC has received early indications of interest from companies, no applications have been received as at end April 2026.