Intensified use of land for trade or business
2.—(1)  The construction or renovation of any building or structure on industrial land promotes the intensified use of the land for a trade or business for the purposes of section 18C(2) of the Act if, following the construction or renovation —
(a)the building or structure meets the relevant gross plot ratio benchmark for the trade or business specified in the Schedule; and
(b)at least 80% of the total floor area of the building or structure is used by any one person or partnership for the trade or business.
[S 60/2012 wef 23/02/2010]
(2)  A trade or business is prescribed for the purposes of section 18C(2) of the Act in relation to the promotion of the intensified use of industrial land if —
(a)the trade or business is a trade or business specified in the Schedule; and
(b)following the construction or renovation of any building or structure on the land, the trade or business —
(i)is the principal trade or business of any one person or partnership; and
(ii)is the principal trade or business that will be carried on at the building or structure by that person or partnership.