The impact of industrial land use policy on industrial change

Change in the manufacturing structure is gaining momentum in many developed as well as developing countries because of the globalisation. As an advanced developing city-state, Singapore has been having the same experience. This paper explores the role of the industrial land market in the changing process of Singaporeʹs manufacturing. In the background of land scarcity and rapid growth, it is found that changing price movements in the industrial property, formulated within the framework of industrial land use policy, have affected the manufacturing groupings unevenly and have thus led to structural changes in the use of industrial land and premises. Thus, the general trend of rising land costs has contributed, to some extent, to the restructuring of Singaporeʹs manufacturing.