Keppel Data Centres on Thursday (Jul 23) announced it will be developing its fourth data centre in the Republic, which will be located close to the company's other data centres in Tampines. The company signed a conditional agreement to acquire a light industrial building, via its wholly-owned subsidiary Keppel Datahub 3, for a purchase consideration of S$20 million, according to the press release by...
Industrial
Fourteen sites were released for sale under the Industrial Government Land Sales Programme for the second half of 2015 on Monday (Jun 29) by the Ministry of Trade and Industry (MTI). According to MTI, there will be 10 sites in the Confirmed List and four sites in the Reserve List, with a total site area of 14.3 hectares. The Government will continue to release sufficient land through the programme to...
On Friday (Jun 26), JTC Corporation (JTC) announced it has awarded the tender for an industrial site at Tampines Industrial Drive (Plot 4) to Sim Lian Construction Co at S$5,900,000. The tender for the site was launched on Mar 31 and closed on May 26. A total of three bids were submitted with Sim Lian Construction Co being the highest tenderer. Spanning 5,686.3 square metres, the land parcel has a...
Telin Singapore is building a new five-storey data centre and telecommunication hub in Jurong. This will be the third data centre owned by the company, which is a fully-owned subsidiary of Telkom Indonesia. The 20,000-square-metre facility will help address demand for data centre services in the Republic, and support Singapore's Smart Nation vision. It will also have the capacity to meet demand for...
Tech giant Google is expanding its data centre footprint in the Republic, investing in a second “larger, multilevel” facility that will bump its long-term investment in Singapore to US$500 million (S$675 million). Mr Joe Kava, Vice President of Data Centers at Google Asia Pacific, said in a blogpost on Tuesday (Jun 2) that the new facility will be built on the same principles as the current one - it...
With growing internet connectivity, data centres are becoming an important facility. According to the Infocomm Development Authority of Singapore (IDA), Singapore now accounts for about half of the data centre capacity in the region. Industry players have said this is set to grow, and recent expansions in the sector in the Republic will further strengthen Singapore's position as a leading data...
JTC Corporation has launched two Confirmed List sites and one Reserve List site under the Industrial Government Land Sales programme. Under the Confirmed List, the 0.6 ha site at Tuas South Link 2 and 0.5 ha site at Tampines Industrial Drive have a 20-year tenure and a maximum permissible gross plot ratio of 1.4. The tenders will close on Jul 21 at 11:00am, said JTC in a news release on Tuesday (May...
The Scorpio East building at 25 Tai Seng Avenue has been put up for sale by Expression of Interest by property consultant Colliers International. The seven-storey industrial building within Paya Lebar iPark sits on a 27,000 sq ft site that presently has a balance lease of 51 years, Colliers International said in a press release on Wednesday (Apr 22). With a total gross floor area of approximately...
Increases in the price and rental of industrial space have "slowed sharply", according to data from JTC on Thursday (Apr 23). The slowdown follows the increase in supply of industrial land and space in recent years, and in tandem with moderation in occupancy rates, it said in a news release. The rental rate movement in for all industrial properties fell 2 per cent year-on-year in the first quarter of...
Occupancy levels at Singapore business parks rose in the first quarter of 2015 as industries such as the infocommunications industry and the pharmaceutical industry took up more space, property services firm CBRE said on Thursday (Apr 9). CBRE estimated the vacancy rate at business parks fell to 10.4 percent in the first quarter, down from 11.7 percent in the last three months of 2014. It added that...