JTC said it launched the site at the junction of Old Toh Tuck Road and Toh Tuck Avenue for sale by public tender on Friday. The 1.01 hectare site has a lease of 30 years. It is on the confirmed list of the so-called Industrial Government Land Sales (IGLS) programme. Zoned "Industrial Business 2," the site has a plot ratio of 1.6 and will be developed for use by logistics businesses. JTC said interested...
Industrial
The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the industrial site at Pioneer Road North/Soon Lee Street for sale via public tender. The developer has committed to bid at a price of not less than S$13.8 million in the tender for the land parcel, which was made available for sale through the Reserve List system on 27 May 2010, URA said in a statement. The...
Infrastructure specialist JTC Corp will launch a tender today to appoint a real estate consultant for the second stage of its divestment exercise. JTC wants to divest 20 blocks of flatted factories with a total area of more than 300,000 sq m. These high-rise ready-built properties, located in various parts of Singapore, already have a mature private sector market, it said. JTC said one of the objectives...
The average rents and capital values for factories and warehouses in Singapore continued to increase in the third quarter, but the average rent for hi-tech buildings stayed unchanged, according to property consultancy CB Richard Ellis (CBRE). It also noted a healthy level of activity in the investment market for industrial properties with major investment transactions totalling S$835.7 million in the...
Industrial landlord JTC's CleanTech One has already achieved a 50 per cent occupancy rate. This structure is the first to be completed at Singapore's first eco business park, CleanTech Park in Jurong West. CleanTech One is expected to be completed by December next year. Some of the key tenants include the Nanyang Environment and Water Research Institute and Sinomen Technology, a membrane solution...
The Urban Redevelopment Authority (URA) yesterday announced the sales conditions for an industrial site in Woodlands, the first of four such sites to be released under the Reserve List of the 2nd half 2010 Industrial Government Land Sale Programme. The 60-year leasehold land parcel at Woodlands Avenue 12 has an area of about 2.1 hectares and a maximum gross plot ratio of 2.5. Zoned for Business 1...
The Urban Redevelopment Authority has awarded the tender for the industrial site at Kaki Bukit Avenue 4 to Wee Hur Development. The company submitted the highest bid of S$76.8 million for the site. The plot has a site area of more than 30,000 square metres, and a maximum gross plot ratio of 2.5. The tender for the industrial site was launched on July 19 and closed on September 14. The land parcel was...
Top bid of $95.07 per square foot per plot ratio comes from Wee Hur Development A TENDER for a 60-year leasehold industrial site at Kaki Bukit Avenue 4 has attracted a top bid of $95.07 per square foot per plot ratio (psf ppr) from Wee Hur Development. Its bid was 17.8 per cent above the next highest offer of $80.69 psf ppr by Winland Pte Ltd, whose directors include Ng Teng Yeng, brother of the late...
JTC Corporation said it was looking to set up an offshore marine centre as well as establish a MedTech cluster, as part of a move to reposition itself as an Industrial Infrastructure Innovator. It announced this at its 2009 Annual Report conference Monday. Some of the other initiatives JTC is exploring include a general aviation centre, a biologics facility, a surface finishing complex for the precision...
JTC Corporation will launch an industrial site for sale by public tender on August 23. The 4.65-hectare site is located at Yishun Street 23 and Yishun Avenue 9. The plot which has a 60-year lease is on the Confirmed List of the industrial government land sales programme. JTC said the site will be developed as a ramp-up factory with direct vehicular access to all commercial units within the...