Mapletree Logistics reported a slowdown in activity in the construction and industrial sectors. Mapletree is a real estate trust that specialises in logistics and industrial property. At the release of the logistic report on Wednesday, Mapletree's chief executive, Richard Lai, said high consumption rates in Singapore and around the region had kept demand for industrial space high, but the global economic...
Industrial
The Urban Redevelopment Authority (URA) on Thursday released the detailed sales conditions for an industrial site at Sims Drive/Aljunied Road for public tender. The land parcel is part of the Reserve List of the Industrial Government Land Sales Programme for the second half of 2011. URA said interested developers can apply for the site to be put up for tender. The site has an area of about 0.63 ha and...
The Urban Redevelopment Authority (URA) has launched the industrial site at Gambas Avenue / Gambas Crescent for sale via public tender today. The land parcel was made available for sale through the Reserve List system on 24 June 2011. On 4 October 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of...
Average rental values for private industrial space stagnated in the third quarter of 2011 as leasing demand softened for industrial space, according to DTZ Research. The average rent for hi-tech industrial space and upper-storey private industrial space stood unchanged quarter-on-quarter at S$3.45 and S$1.75 per square feet per month respectively in Q3 2011. DTZ said the slowdown in the office sector has...
The Urban Redevelopment Authority (URA) has launched the industrial site at Soon Lee Street for sale by public tender today. This is the last industrial site to be released for sale under the Confirmed List of the 2nd half 2011 Industrial Government Land Sales Programme, as announced by the Ministry of Trade and Industry on 30 June 2011. The other two industrial sites namely, at Kaki Bukit Road 4 and...
A developer of business space, Ascendas, is helping to spread the "green message" with an eco-friendly office. It is showcasing its newly-renovated office at the Singapore Science Park as a next-generation office during its very own Green Month. The premises in The Galen have an open concept to tap maximum daylight, which in turn helps to save energy. Chief Development Planning Officer of Ascendas,...
The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the industrial site at Gambas Avenue / Gambas Crescent for sale via public tender. The land parcel was made available for sale through the Reserve List system on 24 June 2011. URA has received an application from a developer for the site to be put up for public tender. The developer has...
Novelty Bizcentre is a fully integrated one-stop centre that caters to every business and lifestyle need. A mix of wellness facilities adorning your workplace provides work-life balance, and promotes long-term productivity and ease of employment. Vast business, factory and warehouse units with ample space are conveniently available. En-suite washroom in every unit provides hygienic working condition and...
The Urban Redevelopment Authority (URA) said it has closed the tender for an industrial site at Woodlands Avenue 12. The site was launched for public tender on August 15, 2011. It was originally on the Reserve List of the Government Industrial Land Sales Programme. URA had, on July 29, accepted a successful application for the sale of the site, offered on a 60-year lease. Four bids were received, the...
Rental prospects for the industrial property market in Singapore are the strongest in the Asia Pacific region, according to a report by DTZ Research. The real estate advisory company said prime industrial rental growth between 2011 and 2015 is forecast at about 5 per cent for Singapore. DTZ noted that industrial rents were already up 5 per cent in the first half of 2011 compared to the previous year. It...