The Urban Redevelopment Authority has launched an industrial site in Tuas for sale by public tender. This after a developer committed to bid at least S$5.1m for the site at Tuas Bay Drive and Tuas South Avenue 3.The 60 year leasehold land parcel has a site area of about 3.7 hectares. It has a maximum permissible gross plot ratio of one but the successful bidder will be able to put up a building of up to...
Industrial
The Urban Redevelopment Authority is inviting developers to apply to put a reserve site at Sin Ming Lane up for tender.The 5.13 hectare site is earmarked for industrial development. It has a lease of 30 years with a maximum permissible gross plot ratio of 2.5. An 8-storey building with about 128,000 square metres of maximum gross floor area can be built on the site. Under the government's land sales...
Ascendas REIT will build a distribution facility at Changi LogisPark for some $32.5m.The facility is expected to be completed by the start of 2008. A-REIT's existing customer Zuellig Pharma, a marketing and distribution company for pharmaceutical products, will be the anchor tenant. Zuellig has committed to leasing about 80 percent of the total lettable area for 10 years. In a statement, A-REIT said it...
JTC Corporation has launched a one-hectare land parcel at Serangoon North for sale by public tender.The 60-year lease industrial site has a maximum permissible gross plot ratio of 1.4 and is zoned for business development. It is one of three industrial sites being offered under the Government Land Sales programme for the second half of the year. The tender will close in six weeks. The third industrial...
Ascendas REIT says its distributable income for the first half of the year improved by 20 percent on year.This amounts to over S$80 million. This will give a distribution of 6.25 cents per unit for the six months to September. For the second quarter alone, its distributable income was up 19 percent to S$40 million. In line with the growing economy in Singapore, the property trust expects demand for...