Singapore's first eco-business park will have a new S$90 million building called CleanTech One. The building is the first structure for the CleanTech Park, and is due to be completed in December next year. JTC Corporation, the industrial landlord, announced this at a news conference on Monday. The two towers of the building have been designed with green sustainable features, including sky trellises that...
Industrial
An industrial site at Woodlands Avenue 12 has been put up for sale by public tender. The Urban Redevelopment Authority (URA) said a developer has committed to bid at least S$25 million for the land parcel. The land parcel, which has a lease period of 60 years, has a site area of about 3.2 hectares and a maximum gross plot ratio of 2.5. It can be developed for a variety of uses under "Business 1"...
Engineering and advanced packaging solutions provider Ellipsiz has agreed to sell its interest in a building at 12 Joo Koon Crescent for S$4.4 million. The firm is expected to book a net gain of S$1.7 million from the sale. Ellipsiz said the proposed sale will enhance its financial position and increase its working capital. The property is a factory-cum-office building, whose lease is due to expire in...
An industrial site in Yishun has been launched for sale by public tender. The Urban Redevelopment Authority (URA) said the land parcel has been made available for sale through the Reserve List system since 2007. Under the system, a site would be released for sale only if a bid with an acceptable minimum price is received. Last month, URA announced that it had received an application from a developer to...
The government has accepted an application from a developer to put up an industrial site at Woodlands Avenue 12 for public tender. The Urban Redevelopment Authority (URA) said it has received an application from a developer who has committed to bid a price of not less than S$25 million for the land parcel. The land parcel has a site area of about 3.2 hectares and a maximum gross plot ratio of 2.5. It can...
An industrial site in Yishun has been put up for sale by public tender. The land parcel was made available for sale through the Reserve List system in May 2007. Under the system, a site would be released for sale only if a bid with an acceptable minimum price is received. Last month, the Urban Redevelopment Authority (URA) announced that it had received an application from a developer to put up the land...
A new Land Intensification Allowance (LIA) will replace the current Industrial Building Allowance (IBA) with qualifying firms being granted a first-time allowance of 25 per cent, then five per cent annually for qualifying expenditures on the construction of buildings. Structures from the pharmaceutical, petrochemical, petroleum, chemical, semi-conductor, aerospace, marine & offshore, as well as solar...
The property collective sale market got an early boost with the year's first successful deal for the freehold three-storey industrial terrace factory building at No 6 Jalan Ampas, off Balestier Road. The three-storey strata-titled industrial factory building sits on a 27,838 sq ft land plot. Upon rezoning, the site may be redeveloped into a freehold high-rise residential development with a gross floor...
Mainboard-listed Natural Cool Holdings said its unit has told its property at 29 Tai Seng Avenue to Emirates Tarian Capital for S$53 million. After the deal is done, Natural Cool Investments will leaseback the property for 10 years at an annual average rent of S$4.74 million. Natural Cool's CEO, Joseph Ang, said the sale is in line with the firm's efforts to adopt an asset-light strategy. He added that...
Property consultant Colliers International said Singapore's industrial property sector will recover by the second quarter of this year. It said the industrial property price index is poised for recovery in the fourth quarter of 2009 at the earliest or by the second quarter of this year at the latest. Colliers cited several reasons for its assessment. Historically, the industrial property sector lags the...