Enhancements To The Land Intensification Allowance Incentive (Budget 2014)
In the Budget 2014 Statement , the Minister for Finance announced an extension of the Land Intensification Allowance (LIA) Incentive - a scheme to promote the intensification of industrial land use towards more land-efficient and higher value-added activities - for another 5 years from 1 July 2015 to 30 June 2020. In addition, Budget 2014 also introduced the following enhancements to the LIA incentive with effect from 22 February 2014:-
(a) Extension to qualifying building or structure on airport land and port land;
(b) Expansion of qualifying activities to certain logistics activities; and
(c) Introduction of an 10% incremental gross plot ratio (GPR) criterion for existing buildings that have met or exceeded the GPR benchmark
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