JTC Corporation on Wednesday said its net allocation of prepared industrial land rose 5 per cent to 24.4 hectares in the second quarter of this year. That is up from the 23.2 hectares achieved in the previous quarter. According to JTC's Quarterly Facilities Report, healthy take-up by chemicals-related companies on Jurong Island provided support for the quarter's performance. Gross allocation in the...
Industrial
The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Ubi Road 1 to developer Oxley Rising. The company submitted the highest bid of S$158.1 million for the site. The plot has a site area of more than 34,000 square metres and a maximum gross plot ratio of 2.5. The tender for the industrial site was launched on June 15 and closed on August 11. The land parcel was...
Developer Oxley Rising has submitted the highest bid of S$158 million for an industrial site at Ubi Road 1. The Urban Redevelopment Authority (URA) has closed the tender for the site after receiving 11 bids in total. Oxley's bid translates to about S$163 per square foot. The next highest bid of S$146.5 million came from joint bidders Qing Quan and Qingdao Construction. The over 34,000 square metre site...
Petrochemicals industry's impending growth requires 'land intensification' WITH the world's largest oil/petrochemical companies like ExxonMobil and PetroChina planning even more investments here, Singapore is studying how to intensify land use for the industry. This follows JTC Corporation's recent foray into building underground oil/chemicals storage caverns on Jurong Island and its plans for offshore...
An industrial site at Kaki Bukit Avenue 4 was launched for sale by public tender yesterday. It's one of three industrial sites scheduled to be sold under the Confirmed List in the second half of the government's Industrial Land Sale Programme. The Urban Redevelopment Authority said the land parcel at Kaki Bukit has a site area of about 3 hectares and has a maximum gross plot ratio of 2.5 with a lease...
JTC Corporation has started construction of the $30 million Components Manufacturing and Maintenance, Repair and Overhaul Facilities (CMMF) at Seletar Aerospace Park. The CMMF comprises seven standard factory buildings on a three-hectare site at the southern tip of the park and is intended for companies engaged in maintenance, repair and overhaul activities, and those that manufacture aerospace...
Total site area of 19.92 ha up for grabs The Ministry of Trade and Industry (MTI) has launched its Industrial Government Land Sales programme for the second half of 2010. There will be three sites in the Confirmed List and seven sites in the Reserve List, with a total site area of 19.92 hectares. The three sites on the Confirmed List are at Kaki Bukit Avenue 4, the plot at the junction of Yishun Street...
The Ministry of Trade and Industry (MTI) has launched its Industrial Government Land Sales programme for the second half of 2010. There will be three sites in the Confirmed List and seven sites in the Reserve List, with a total site area of 19.92 hectares. The three sites on the Confirmed List are at Kaki Bukit Avenue 4, the site at the junction of Yishun Street 23 and Yishun Avenue 9, and the land...
Rents for industrial space rose for the first time after falling from its peak in the third quarter of 2008. According to DTZ Research, average monthly rents of first-storey private industrial space rose 2.6 per cent quarter-on-quarter to S$2 per square foot, while upper-storey space rose 3.2 per cent quarter-on-quarter to S$1.60 per square foot per month. Rents for hi-tech industrial properties,...
The Urban Redevelopment Authority has launched an industrial site at Ubi Road 1 for sale by public tender. The land parcel has a 60-year lease period and a site area of about 3.5 hectares. The site has a maximum permissible gross plot ratio of 2.5 and can be developed for various uses such as clean and light industries. These industries include those related to computer software development, publishing,...