The Urban Redevelopment Authority (URA) has launched the industrial site at Kaki Bukit Road 4 for sale by public tender today. This is one of the three industrial sites 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 Lavender Street...
Industrial
The Urban Redevelopment Authority (URA) has launched an industrial site at Woodlands Avenue 12 for sale by public tender. The land parcel was made available for sale through the Reserve List system on 24 March 2011. The tender was triggered because URA received an application from a developer at a price of at least S$56.15 million for the land parcel on a 60-year lease. The 1.9-hectare site has a...
Mickey Mouse homes - or homes below 500 square feet in area - are not new. But the trend of smaller format units has caught on in the industrial and retail sectors as well. Known as strata units, they are deliberately kept small to be affordable to retail investors. Strata shops are usually no larger than 300 square feet, which is a fifth of the size of an average retail store such as Starbucks. A 300...
The Urban Redevelopment Authority (URA) is launching an industrial site at Woodlands Avenue 12 for sale by public tender in two weeks' time. The land parcel was made available for sale through the Reserve List system on 24 March 2011. The tender was triggered because URA has received an application from a developer at a price of at least S$56.15 million for the land parcel on a 60-year lease. The...
The Urban Redevelopment Authority has awarded the tender for the industrial site at Pioneer Road North and Soon Lee Street to KNG Properties. The company has submitted the highest bid of over S$64.4 million. That translates to about S$1,890 per square foot per plot ratio. The tender for the industrial site was launched on June 16, and closed on July 13. The land parcel was offered for sale on a 30-year...
Property consultant Colliers International has released research reports covering industrial, investment sales, office and retail space in Singapore for the second quarter of the year. In the industrial property market, the second quarter saw a pick-up after a temporary lull in the first quarter. Colliers added that both the sales and leasing markets experienced a flurry of activity. The average monthly...
The Urban Redevelopment Authority (URA) has closed the tender for an industrial site at Pioneer Road North and Soon Lee Street with seven bids received. KNG Properties submitted the highest bid of S$64.5 million or around S$176 psf/plot ratio. The next highest bid came from NSS Development, which bid nearly S$60 million. The site was launched for public tender on June 16 on a 30-year lease. The land...
Rental growth for hi-tech industrial space in Singapore, which includes business parks, rose at a faster pace in the second quarter than in the first quarter of this year, according to DTZ Research. The real estate services firm said the average monthly gross rent for private high-tech space increased 4.5 per cent quarter-on-quarter to S$3.45 per square foot (psf) per month in the April-June quarter,...
Singapore's industrial property market showed signs of a pick-up in the second quarter. According to Colliers International, average monthly gross rents for prime factory and warehouse spaces surged between 6 and 7 per cent on-quarter. This was the fastest quarterly growth in three years. But rents for all segments of prime factory and warehouse space are still below peak rates in the second half of...
The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Tuas View Square to SCB Terraform Pte Ltd. SCB Terraform submitted the highest bid of S$7.33 million for the site. That translates to S$1,882.06 per square metre of gross plot ratio. The site was launched for public tender on May 24 on a 45-year lease and closed on June 29. The 4,352.5-square metre site has a...