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The LPG is for companies that are looking to optimise land use through either domestic or overseas relocation.
The LPG helps to defray part of the costs that arise from the relocation, such as relocation cost, third-party consultancy fees and manpower costs.
Grant amount: Ranges from 10 per cent to up to 70 per cent of the qualifying costs.This grant amount is also dependent on the amount of land freed up and the remaining lease term.
Eligibility criteria:
Company has to be currently situated on industrial land
For overseas relocation, company must demonstrate strong linkages from the relocated activities to the activities carried out in Singapore