PRICES and rentals of industrial space in Singapore continue to fall in tandem with occupancy rates, while vacancy rates edge upward, a report has found. Prices for overall industrial property market in the second quarter fell 6.5 per cent year on year and 2.3 per cent quarter on quarter, JTC Corporation's latest statistics released on Thursday show. Industrial rents fell 6.1 per cent year on year...
Industrial
JTC has offered for sale a Confirmed List site at Tampines Industrial Drive (Plot 3) under the second-half 2016 Industrial Government Land Sales programme. The launch of the 0.49-ha site is part of the Singapore government's efforts to offer more choices for industrial development, JTC said in a release on Tuesday. The 20-year-tenure site is zoned for Business-2 development and has a maximum...
Nine units of Holland Road Shopping Centre and one unit of 211 Henderson, an industrial building, are up for sale, either collectively at a guide price of just over S$24 million or on a piecemeal basis. All of them are freehold units and are being sold with vacant possession. They are owned by two companies controlled by the Lim family that used to operate Lim's Arts and Living, out of eight of the...
TSH Corporation said on Thursday night that it has entered a sale and purchase agreement with Singapore Shenguan to sell its freehold industrial land and building at 62 Burn Road, for S$16.1 million. The property is a seven-storey freehold light industrial building with a site area of approximately 987 square metres and gross floor area of approximately 2,202 square metres. It is used to headquarter the...
welve industrial sites have been released under the Industrial Government Land Sales (IGLS) Programme for the second half of 2016, amid a slowing economic outlook and weakening demand for factory space. There will be seven sites on the confirmed list and five sites on the reserve list, with a total site area of 11.7 hectares, the Ministry of Trade and Industry said on Tuesday (Jun 28). Compared to...
SEVEN industrial sites will be released in the Confirmed List under the Industrial Government Land Sales (IGLS) programme for the second half of this year totalling 3.99-ha in site area. Another five sites are placed on the Reserve List that can be triggered for public tender by a minimum acceptable bid. These 12 sites span a total site area of 11.7 hectares, the Ministry of Trade and Industry (MTI)...
SOILBUILD Business Space Real Estate Investment Trust, or Soilbuild Reit, said its manager is proposing to buy an industrial property at 2 Bukit Batok Street 23 for S$100.5 million. At the same time, Soilbuild plans to enter into a master lease arrangement with the seller of the property, SB Westview Investment, which is a subsidiary of sponsor Soilbuild Group Holdings. The lease is for seven years....
In response to growing demand for database storage, global data centre provider Digital Realty Trust launched its second data centre in Singapore, Digital Loyang Way, on Thursday (Jun 2). The 177,000 square feet facility is designed to accommodate a wide range of customer deployments from cloud service providers to financial services customers in an efficient and eco-friendly manner. Located in...
A new data centre offering high-speed networks between Singapore and the region opened on Monday (May 30), in response to growing demand from companies looking for secure data storage solutions. The 200,000 square foot 1-Net North Data Center, which has been running since April, has bomb blast-proof walls and eight tiers of security barriers for added protection. Costing S$200 million to build, it is...
The Republic will conduct trials on the world's first tropical data centre (TDC) in the third quarter of this year, announced Communications and Information Minister Dr Yaacob Ibrahim on Monday (May 30). The trials are aimed to prove if data centres can function optimally at temperatures of up to 38 degrees Celsius and ambient humidity of up to or exceeding 90 per cent. Currently, data centres are...