Industrial

A six-storey detached industrial building at 115 Eunos Avenue 3 is up for sale by expression of interest by marketing agent Cushman & Wakefield. It joins other properties in the city fringes that have put on the market this week, including a freehold four-storey commercial building at 118 Joo Chiat Road and a freehold redevelopment site at 51 Lorong 21 Geylang. They have indicative prices of S$20...

The receivers and managers of Big Box Pte Ltd are conducting an expression of interest (EOI) exercise for its Big Box mall in Jurong East. It has a remaining land tenure of 30 years from March 23, 2007 (18 years unexpired). The site area is approximately 606,639 square feet (sq ft), and total gross floor area is about 1.4 million sq ft. The eight-storey Big Box mall was constructed in 2014 and...

Sabana Reit's divestment of a Tuas industrial building is off for now after the purchaser did not obtain approvals from JTC. The buyer Kim Soon Lee (Lim) Heavy Transport is not prepared to further extend the long-stop date, the Reit said in a Singapore Exchange filing on Saturday. In September 2018, Sabana had proposed to sell the building at 1 Tuas Avenue 4 for S$11.18 million in cash, 52 per cent...

An eight-storey light industrial development located at 10 Jalan Kilang - off Jalan Bukit Merah - has been launched for sale via an expression of interest (EOI) exercise which is slated to close on 5 April 2019. 10 Jalan Kilang is an eight-storey light industrial development with a roof terrace and a basement carpark, offering a total gross floor area of approximately 59,236 square feet. The development...

JTC on Monday said it has accepted an application to put up an industrial site in Gambas Way (Plot 2) for sale by public tender. The land parcel is on the reserve list under the first half 2019 Industrial Government Land Sales (IGLS) Programme. A site on the reserve list is triggered for launch if a developer's indicated minimum price in its application is acceptable to the government. This is as...

JTC has launched a tender for a site at Tampines North Drive 3 (Plot 2) under the first half of the 2019 Industrial Government Land Sales Programme (IGLS) Programme, it said on Tuesday. The land parcel spans 0.48 hectares and has a gross plot ratio of 2.5 and a tenure of 20 years. It is zoned B2, which means the site may be used by heavy industries that have a greater environmental impact. As the...

Rentals and prices of industrial space in Singapore remained unchanged in the fourth quarter of 2018 over the preceding quarter, according to the latest data from industrial land and infrastructure agency JTC Corp. Compared with a year ago, the price index was also unchanged while the the rental index eased 0.3 per cent. Meanwhile, the occupancy rate of the overall industrial property market for the...

Tuan Sing Holdings announced on Monday that it has accepted a tender bid of S$48.5 million for all of its majority-owned Century Warehouse property. The property is an eight-storey freehold-industrial warehouse with a basement car park. It comprises 35 strata units with a total strata area of 56,539 square feet located in Pasir Panjang Road. Tuan Sing’s subsidiary, Asiaview Properties, owns 31 of...

The Singapore government on Friday said that it has launched five sites in the confirmed list and seven sites in the reserve list under the Industrial Government Land Sales (IGLS) programme for the first half of 2019, with a total site area of 11.86 hectares (ha). This is down from six confirmed list sites and seven reserve list sites, with a total site area of 12.59 ha, for the second half of...

JTC has launched one site for tender and another site for application under the 2018 Industrial Government Land Sales (IGLS) programme, it announced in a press statement on Tuesday. The site at Tuas South Link 3 (Plot 20), which is available for tender, is the fifth out of six confirmed list sites for the second half of the 2018 IGLS programme. It occupies a land area of 0.45 hectare with a gross plot...