Industrial property markets worldwide showed signs of recovery in the second half of 2010, led by the Asia Pacific region. This is according to a report by international property consultant, Colliers International, which tracked the performance of industrial property rents across 150 cities. Singapore retained its position as the seventh most expensive location for prime warehouse space at US$15.71 per...
Industrial
Rents for high-tech industrial properties in Singapore grew at a faster rate in the first quarter, DTZ Research said yesterday. The average rent for high-tech properties, which include business parks, rose 3.1 per cent quarter-on-quarter to S$3.30 per sq ft per month in the first three months of the year, following a 1.6-per-cent increase in the previous quarter. Rents for conventional industrial space...
Rents for hi-tech industrial properties in Singapore grew at a faster rate in the first quarter. According to DTZ Research, the average rent for hi-tech properties, which include business parks, rose 3.1 per cent quarter-on-quarter to S$3.30 per square foot per month in the first quarter. It had increased 1.6 per cent in the previous quarter. Rents for conventional industrial space also continued on its...
The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Ang Mo Kio Street 62 to Sim Lian Development. The developer submitted the highest bid of about S$128.1 million out of 13 bids received by URA for the 27,950 square metre land parcel. The industrial site was offered for sale on a 60-year lease term, with a maximum permissible gross plot ratio is 2.5. The land is...
JTC Corporation has invited local and foreign firms to submit proposals on industrial infrastructure development. JTC said on Wednesday that it has launched a "Request For Proposal" (RFP), seeking cutting-edge ideas on intensifying land use and accelerating construction time. A S$5m innovation fund has been set aside to support and develop ideas that will create new industrial infrastructure solutions to...
JTC Corporation has launched the site at Fusionopolis Link, for Fusionopolis Phase 3, for sale by public tender. The 6,253 square metre site has a 60-year lease and is on the Confirmed List of the Industrial Government Land Sales programme. With a plot ratio of 4.0, the zoned business park has set aside 40 per cent of its space for offices. JTC said Fusionopolis is the key development at one-north that...
The Urban Redevelopment Authority (URA) on Thursday released the detailed sales conditions for an industrial site located at Woodlands Avenue 12. It has a site area of about 1.9 hectares and a maximum permissible gross plot ratio of 2.5 with a lease period of 60 years. Zoned for Business 1 development, the site can be developed for various uses such as light industry, clean industry, utilities, or...
The Urban Redevelopment Authority (URA) has released on Friday the detailed sales conditions for an industrial site located at Pioneer Road North. It has a site area of about 1.7 hectares and a maximum permissible gross plot ratio of 2.0 with a lease period of 30 years. Zoned for Business 2 development, the site can be developed for various uses such as light industry, general industry, warehousing,...
Mainboard-listed construction firm, United Engineers said it has sold its industrial property, UE Print Media Hub, for S$51 million. The media hub is a five-storey industrial building located at 61 Tai Seng Avenue. It was developed and constructed by United Engineers. The building which received its temporary occupation permit in June 2007 has a net lettable area of nearly 255,000 square feet. It also...
JTC Corporation has launched an industrial site for sale by public tender. The 1.24 hectare site is located at Ubi Road 1/Ubi Avenue 4. The plot, which has a 60-year lease, was made available for sale through the Reserve List system on 30 October 2009. On December 30 last year, JTC said it had received an application from a developer to put up the land parcel for tender. The developer has committed to...