Of all the ways our lives have changed during the coronavirus pandemic, few are as obvious as how and where we eat. With restaurants either shuttered or reopening with vastly reduced capacity, and people staying home as second-wave outbreaks erupt, demand for food-delivery services has exploded. Now Kishin RK, the 36-year-old heir to a multi-billion dollar Singapore property empire, is joining the...
Industrial
A seven-storey light industrial building at 463 MacPherson Road is up for sale via private treaty with a guide price of S$21 million, marketing agent Savills Singapore said on Monday. The property has a total gross floor area of about 38,287 square feet (sq ft), a land area of 14,400 sq ft and comes with a basement car park and a sky terrace. The property sits on land zoned B1 Industrial and has a...
Business and Industrial Parks play a vital role in Singapore's economy. They provide a range of employment and business opportunities for companies in various industries, and contribute to the country's growth and development. Business Parks in Singapore are for businesses engaged in high-technology, research and development (R&D), high value-added and knowledge intensive activities. They offer...
Ascendas Real Estate Investment Trust (Reit) is selling a two-storey ramp-up warehouse building along Changi South Street 1 to minimart chain operator Hao Mart for S$20.3 million, the fund manager announced on Monday. The sale price for 25 Changi South Street 1 is 14 per cent more than the original purchase price of S$17.8 million, and 2 per cent higher than the property's market valuation of S$19.9...
Two industrial properties in Yishun are up for sale via expression of interest (EOI). Potential buyers may submit offers for either property or both, sole marketing agent Edmund Tie said on Tuesday. The indicative price for both properties is S$29 million. Individually, the indicative price for 539 Yishun Industrial Park A is S$9.8 million, while 543 Yishun Industrial Park A's indicative price stands at...
Sungei Kadut is set for a multimillion-dollar facelift that will see the area transformed into an eco-district that embodies the concept of live, work and play, based on a 30-year plan to enliven one of Singapore's oldest industrial estates. Announcing the plans on Thursday morning, Trade and Industry Minister Chan Chun Sing said Sungei Kadut Eco-District will anchor new growth industries, such as...
Colliers International today announced that it has successfully brokered the purchase of Wisma Gulab, a nine-storey industrial building at 190 MacPherson Road at SGD88 million for Heap Seng Group. The purchase price of S$88 million translates to S$692 per square foot (psf) on total net lettable area of 127,240 square feet (11,821 sq m). This is the largest freehold industrial site sold in two years...
JTC on Tuesday said it is accepting applications for a reserve list site at Tuas South Link 3. The land parcel is the second of five reserve list sites under the first half of the 2020 industrial government land sales programme. The site, with a 20-year tenure, has an area of 0.45 hectare and a gross plot ratio of 1.4. It is zoned "B2" for industrial purposes. A site on the reserve list is triggered...
Rents and prices of industrial space in Singapore remained relatively stable in the fourth quarter of last year, though prices were marginally lower by 0.2 per cent quarter on quarter, according to the latest data from industrial land and infrastructure agency JTC Corp. The rental index was flat, while the occupancy rate for industrial space edged down 0.1 percentage point to 89.2 per cent. Compared...
The government has once again trimmed industrial land supply for the first half of 2020 under its Industrial Government Land Sales (IGLS) programme. Industrial land supply fell to 7.11 hectares (ha) in total site area. The number of sites in the confirmed and reserve lists were also reduced. The Ministry of Trade and Industry (MTI) announced on Friday that there are three sites in the confirmed list...