Industrial

Unlocking Investment Potential: A Comprehensive Guide to Commercial Property in Singapore

Embracing a Shift: Navigating Commercial Property Investments Amidst New Regulations Property investment in Singapore has always been a preferred avenue, with residential properties taking the lead due to their perceived ease. However, recent adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates in the April 2023 property cooling measures have tilted the scales, making subsequent residential...

Industrial Property Market in 2022 and Forecasts For 2023

Singapore has long been recognized as one of the most innovative and dynamic economies in the world, with a thriving manufacturing sector that plays a significant role in the country's economic growth. The industrial property market in Singapore has seen steady growth in recent years, driven by demand from e-commerce, technology, and life science sectors. However, the COVID-19 pandemic and global economic...

Two industrial buildings at Ang Mo Kio, Bartley for sale 

Two industrial buildings in Ang Mo Kio and Bartley have been listed for sale. The estimated selling price for the industrial building at 1 Ang Mo Kio Street 63, which will be sold by private treaty, is S$27 million. The indicative price for the other building which is situated off Upper Paya Lebar Road at 21 New Industrial Road, is S$71 million. Ang Mo Kio industrial building 1 Ang Mo Kio Street...

Singapore industrial space rents, prices continue to rise in Q1; occupancy falls

Despite a decline in overall occupancy rates, rents and prices in Singapore's industrial developments increased in the first quarter of 2022, according to JTC's quarterly market report, which was released on Thursday (Apr 28). Prices for industrial space increased by 2.1% over the previous quarter and by 5.6% over the previous year. The multiple-user and single-user manufacturing divisions' prices saw...

Upper Thomson freehold storage facility for sale with S$100m indicative price

A freehold strata-titled storage facility at 50 Tagore Lane has been put on the market via expression of interest with an indicative price of S$100 million, marketing agent Cushman & Wakefield said on Wednesday. The property comprises individual units with separate strata titles. It is being offered for sale together with an opportunity to buy the self-storage business of the seller, EBC Lifestyle...

Leasing volume for multiple-user factory spaces down 34.4% in July, Aug: report

Leasing volume for multiple-user factory spaces in Singapore dropped 34.4 per cent on the year to 1,577 transactions in July and August, amounting to S$5.7 million, Knight Frank said on Tuesday. This comes as strong challenges faced during the Singapore "circuit breaker" period and economic uncertainties continue to subdue substantial movements in the leasing market, the real estate consultancy said in...

Two adjoining plots at Jalan Lembah Kallang for sale at S$17m guide price

Two adjoining plots of land - 1 and 3 Jalan Lembah Kallang - are up for sale with a guide price of S$8.5 million each or S$17 million for both, sole marketing agent Savills Singapore said on Monday. No 1 is a detached factory, comprising a three-storey front office building with a single-storey rear workshop. It has a total gross floor area (GFA) of about 6,000 square feet (sq ft) and land area of 8,475...

JTC to launch Gul Circle site for tender

JTC has accepted an application to put up an industrial site at 160 Gul Circle for sale by public tender. This was after it received an application with a committed bid price of not less than S$2 million for the land parcel. The minimum bid price was acceptable to the government, hence the site will be released for sale by tender on Aug 25 for a period of six weeks. The land parcel has a tenure of 20...

Kallang Bahru industrial building up for sale at S$6.5m guide price

An industrial building at 209 Kallang Bahru is up for sale at a guide price of S$6.5 million, marketing agent Savills Singapore said on Thursday. The detached five-storey building has a total site area of about 24,380 square feet (sq ft) with a gross floor area of around 52,797 sq ft. The land is zoned Business 1 with a plot ratio of 2.5 under the Urban Redevelopment Authority's Master Plan 2019. It...

Prices, rents of industrial space fall in Q2, more downward pressure to come: JTC

Prices and rentals of industrial space fell year on year in the second quarter and will continue to be under downward pressure in coming quarters due to the pandemic, said industrial land and infrastructure agency JTC Corp. Prices of industrial space declined by 1.7 per cent year on year and 1.1 per cent quarter on quarter. Rents came down by 0.8 per cent year on year and 0.7 per cent quarter on...

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