Singapore’s businesses, whether large corporations, small & medium enterprises (SMEs), single proprietorships or entrepreneurial ventures, are facing significant pressures on multiple fronts. Many of these challanges are rooted in the city-state’s finite supply of land.
Recently, Yongnam Holdings had to purchase industrial freehold land in Johor as a permanent solution to the shortage of storage land in Singapore for its strutting materials supply. Prior to this, it had to store all the strutting materials in Singapore on a temporary basis, under a temporary occupation license (TOL) which will expire on March 2016.
