The Urban Redevelopment Authority (URA) launched the tender for an industrial site at Kaki Bukit Road 4 on Wednesday. The land parcel was made available for sale through the Reserve List system in November last year. The tender was triggered after URA received an application from a developer for the site. URA said the developer has committed to bid at a price of not less than S$18 million for the land...
Industrial
JTC Corporation has awarded the tender for an industrial site at Old Toh Tuck Road/Toh Tuck Avenue to Incorporated Builders. The developer submitted the highest bid of S$8.7 million for the 10,083 square metre land parcel. Tender for the site was launched on October 29 last year and closed on December 10, with five bids submitted. The land usage, zoned for Business 2, is meant for logistics facilities -...
JTC Corporation (JTC) will launch a tender on Tuesday to invite potential buyers to submit their business proposals to bid for properties JTC is divesting. The portfolio of properties will be divided into two tranches comprising flatted factories and amenity centres with a total area of more than 300,000 square metres, located in various parts of Singapore. The Republic's main industrial infrastructure...
The Urban Redevelopment Authority (URA) said it will launch the tender for an industrial site at Kaki Bukit Road 4 in two weeks' time. 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$18 million for...
The Ministry of Trade and Industry (MTI) launched on Friday its Industrial Government Land Sales Programme for the first half of 2011. To meet the demand for industrial land, MTI said there would be four sites in the Confirmed List and seven sites in the Reserve List, with a total site area of 17.67 hectares. The four Confirmed List sites consist of two new sites at Fusionopolis Link and Irving Place, as...
JTC Corporation has accepted an application from a developer to put up an industrial site at Ubi Road 1/Ubi Avenue 4 for sale via public tender. JTC said the developer has committed to bid at a price of not less than S$29.38 million in the tender for the land parcel. Zoned for "Business 1" development, the 1.24 ha site has a maximum gross plot ratio of 2.5 and a lease period of 60 years. The project has...
A six-storey light industrial building at Jalan Pemimpin, Sin Cheong Building, is being put up for sale by tender. The asking price will be set at an indicative range of between S$32 million and S$36 million. This is S$291 to S$327 per square foot per plot ratio. The building currently sits on freehold land of about 44,000 square feet. The District 20 Jalan Pemimpin area is located inside the Central...
MapleTree Logistics said it has acquired 44 and 46 Changi South Street 1 for S$16.8 million from JEP Precision Engineering. JEP Precision Engineering is a local sub-contractor in the aerospace industry, specialising in machining aircraft engine components. JEP will lease back the property for a period of seven years with an option to extend for a further term of seven years. MapleTree can also increase...
This year has been a rewarding year for the industrial property market. The overall momentum of the industrial property sector has been strong and more sustainable than that of the private residential sector. Besides continued rental recovery, factory units and multiple-user warehouses have received strong buying interest. In the first 10 months of this year alone, a total of 1,491 factory units were...
Prime warehouse rents in Singapore are the seventh-most expensive in the world, according to a study by property consultants Colliers International. It said Singapore rents were US$13.38 per square foot per year in the first half of 2010. Singapore's current rank is a jump from the 9th spot it took in the second half of last year. In the first half of 2009, Singapore's prime warehouse rents were low enough...