The government has launched an industrial site at Kaki Bukit Road for sale by public tender. The land parcel was made available for sale through the reserve list system. URA said it has received an application from a developer who has committed to bid at least S$5 million for the site. The land parcel has a site area of about 1.07 hectare and a maximum gross plot ratio of 1 with a lease period of 30...
Industrial
Wee Hur Development has submitted the highest bid of S$22.9 million for an industrial site at Woodlands Avenue 4. The Urban Redevelopment Authority (URA) has closed the tender on Tuesday for the site after receiving 8 bids in total. The site spans about 2.5 hectares and has a gross plot ratio of 2.5. Wee Hur's bid translates to about S$34 per square foot. Soilbuild Group put in the second highest bid...
Property consultancy DTZ said office and industrial rents here continued their downward trend in the second quarter this year. For the office market, average monthly gross rents of prime offices in Raffles Place fell by 19 per cent to S$9.70 per square foot, compared to a 25 per cent fall in the previous quarter. Office rents in the Central Business District (CBD) fringe and de-centralised areas suffered...
The government will introduce three new sites in its industrial land sales programme for the second half of the year. The Trade and Industry Ministry says this is to meet potential demand for industrial land. With the addition, there will be nine sites on the Reserve List. The three new sites are parcels at Woodlands Avenue 12, Kaki Bukit Avenue 4 and Ubi Road 1/Ubi Avenue 4. The nine sites on the...
The Urban Redevelopment Authority (URA) will put an industrial site at Kaki Bukit up for sale through a public tender. It says it has accepted an application from a developer who has agreed to bid for the land parcel at or above the minimum acceptable price of S$5 million. The identity of the developer was not revealed. The 1.07 hectare site, located at Kaki Bukit Road 2, has a 30-year lease period. The...
The Urban Redevelopment Authority (URA) has launched a site at Woodlands Industrial Park and Woodlands Avenue 4 for sale by public tender. It said a developer has committed to bidding at least S$12.5 million for the land parcel. The parcel has a site area of about 2.5 hectares and a gross plot ratio of 2.5 with a lease period of 60 years. It can be developed for a range of clean, light and general...
The rental cost for industrial properties in Singapore could come down by as much as 30 per cent this year. Property consultants said this is due to a drop in demand as companies scale back their space as well as increased supply. A slump in demand for Singapore's exports has led to factories running at excess capacity and this has prompted companies to either put expansion plans on hold, or even scale...
Real estate consultancy firm Colliers International says the industrial properties market has been hit by the global financial crisis. Its latest bi-annual survey found that rents, land and capital values of industrial properties in most cities across the Asia Pacific, except for Jakarta, contracted by up to 40 per cent. The study of 13 key cities in the region was conducted between October 2008 and...
Developers interested in purchasing a 2.5 hectare industrial development site at Woodlands can now apply to the Urban Redevelopment Authority (URA) for it to be put up for tender. The URA has released the detailed sale conditions for the reserve list site, which is bordered by Woodlands Avenue 4 and Woodlands Industrial Park E5. The 60-year lease site has a gross plot ratio of 2.5, with a maximum...
Industry watchers said rentals for industrial properties could fall by three to five per cent in the first quarter this year, due to weaker demand and the dismal economic outlook. On the whole, analysts did not expect landlords to cut rents outright. Instead, the landlords might choose more innovative measures to help their tenants cope with the tough times. Manufacturers and exporters had been seeing...