JTC Corporation (JTC) on Friday said that it will be divesting two tranches of its properties totalling S$688.63 million to Soilbuild Group Holdings and Mapletree Industrial Trust as part of the second phase of its divestment exercise. These comprise over 300,000 square metres of property space in total. The first tranche, made up of ten blocks of flatted factories and amenity centres, will be awarded to...
Industrial
The Ministry of Trade and Industry launched Thursday its Industrial Government Land Sales Programme for the second half of 2011. To continue to meet the demand for industrial land, MTI said there will be three sites in the Confirmed List and six sites in the Reserve List, with a total site area of 15.99 hectares. The three Confirmed List sites are at Soon Lee Street, Lavender Street and Kallang Avenue,...
The Urban Redevelopment Authority (URA) received a total of nine bids for an industrial site at Woodlands Avenue 12 (Parcel 2) at the close of the tender on Tuesday. The top bid of S$84.24 million was submitted by OKH Development. It works out to about S$1,636 per square metre. The second highest bidder came from NSS Properties at S$76.48 million, or S$1,485 per square metre, followed by a joint bid from...
The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Irving Place to developer Oxley Vista. The company submitted the highest bid of nearly S$43.4 million. That translates to about S$3,697 per square metre. There were 15 bids for the site off Upper Paya Lebar Road. Launched for sale on 25 April 2011, the 60-year leasehold site has a total area of 3,353 square metres...
A freehold industrial building at 42 Alexandra Terrace has been put up for sale at an indicative guide price of S$21.8 million or about S$715 per square foot. The six-storey building is located next to the recently completed Mapletree Business City and sits on a land area of around 13,600 square feet. It has a Gross Floor Area of approximately 30,470 square feet. The property is situated in the business...
The Urban Redevelopment Authority (URA) has closed the tender for the industrial site at Irving Place after receiving 15 bids in total. Developer Oxley Vista submitted the highest bid of nearly S$43.4 million. That translates to about S$3,697 per square metre. The next highest bid came from Wega Engineering that bade S$41.3 million dollars. The site was launched for public tender on April 25 on a...
The Urban Redevelopment Authority (URA) has put up an industrial site at Pioneer Road North for public tender. The land parcel was available for sale through the Reserve List system in February this year. The tender was triggered because URA has received an application from a developer for the site on June 3. The developer has committed to bid at a price of not less than S$23.8 million for the land...
Industrial and residential projects with affordable prices continue to attract demand. MCL Land has marketed 150 of the 200 units it has launched at its 414-unit Terrasse condo in Hougang. “Before we began sales last Saturday (May 21), we had intended to release only 120 units initially. But because demand was strong, we released another 80,” said Koh Teck Chuan, MCL Chief Executive. The units in...
SINGAPORE: The Urban Redevelopment Authority (URA) has launched the tender for an industrial site at Tuas View Square. The land parcel was available for sale through the Reserve List system in November last year. The tender was triggered because URA has received an application from a developer for the site. The developer has committed to bid at a price of not less than S$4.9 million for the land...
Industrial property - a less glamorous and often neglected asset class that includes business parks, high-tech industrial space, factories and warehouses - has been thrust into the limelight in Singapore following its stellar performance in the first quarter of the year. According to the Urban Redevelopment Authority, the sector clocked rental and capital value gains of 6.3 and 8.3 per cent, respectively,...