Industrial

JTC has launched a Woodlands Industrial Park site for tender under the second half of its 2019 Industrial Government Land Sales (IGLS) programme. Woodlands Industrial Park E7/E8 has a 20-year tenure and a site area of 0.77 hectare. It is zoned B2 for industrial purposes and has a 2.5 gross plot ratio. The site is the third of four confirmed list sites for the second half of the 2019 IGLS...

Rents and prices of industrial space in Singapore remained stable in the third quarter of this year compared with the previous three months, according to the latest data from industrial land and infrastructure agency JTC Corp. The price index was up 0.1 per cent quarter on quarter, while the rental index was flat. Compared with a year ago, the price index edged down 0.1 per cent while the rental index...

International Press Building, an industrial property at 26 Kallang Avenue, has been launched for sale at an indicative price of S$30 million, sole marketing agent Savills Singapore said on Monday. The detached six-storey property, located in the central region of Singapore, occupies a total site area of about 54,000 square feet (sq ft). It has a gross floor area of 134,000 sq ft and a plot ratio of 2.5...

The e-commerce and logistics sector accounted for 44 per cent - the biggest chunk - of occupied warehouse space in Singapore, according to a Colliers International report on Thursday. The third-party logistics (3PL) and logistics sector comprise e-commerce firms, freight forwarders, transport agents, supply chain and logistics support companies, delivery services and storage services. Other warehouse...

Boustead Projects Limited's 51 per cent-owned JV company, BP-TPM LLP, is buying IBM’s manufacturing facility in Tampines for S$77.4 million. Completed in 2010, the three-storey light industrial building has a gross floor area of 430,999 square feet. Located at 6 Tampines Industrial Avenue 5, the IBM Singapore Technology Park is currently leased to IBM by landlord JTC Corp for a 30-year period that...

A five-storey intermediate terrace factory at 9 Kaki Bukit Place has been put up for sale by expression of interest for an indicative price of S$5.5 million. This works out to approximately S$420 per square foot (sq ft) based on a gross floor area of 13,110 sq feet, according to sole marketing agent CBRE. No payable land rent or additional buyer’s stamp duty will be imposed on foreigners and companies...

Space@Tampines, a joint development by mainboard-listed Oxley Holdings and Lian Beng Group, has been launched for sale via an expression of interest exercise with a guide price ranging from S$170 million to S$190 million, marketing agent CBRE said on Tuesday. Located at 18 Tampines Industrial Crescent, the seven-storey e-commerce and logistics development comprises 24 showroom units, a food court on...

JTC on Tuesday launched two sites - one at Tampines for tender, and another at Tuas for application - under the second half of the 2019 Industrial Government Land Sales (IGLS) programme. The launch is part of the government's efforts to offer more choices for industrial development, JTC said. Both sites have a lease tenure of 20 years, and have been zoned "B2" for heavier industrial use. The...

Prices and rentals of industrial space in Singapore continued to remain stable in the second quarter of this year compared with the previous quarter, going by the latest data released by industrial land and infrastructure agency JTC Corp on Thursday. The price index dipped 0.1 per cent, while the rental index inched up 0.1 per cent . Compared with a year ago, the price index was down 0.1 per cent...

Mapletree Industrial Trust (MIT) plans to redevelop a flatted-factory cluster at Kallang Way into a high-tech industrial precinct at a total project cost of about S$263 million, the manager of the mainboard-listed real estate industrial trust (Reit) said. This will be MIT’s largest redevelopment project to date, and is another strategic step in growing its high-tech buildings segment, the manager...