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LONDON-A panel appointed by the Singapore Government has called for industrial land prices to be kept low to ensure manufacturing competitiveness.

Low land values could be achieved, the panel believes, if the government makes sure there is sufficient land supply to avoid shortages pushing up prices.

The report by the panel said that land in Singapore commanded a premium because of the stable economic and political environment. But there is a risk that prices could move out of line with competing locations.

Other recommendations include improved transport links to key industrial areas and flexible leases for companies.

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