Industrial

JTC has launched a 0.77 hectare industrial site in the Kranji area for tender, the fourth of six Confirmed List sites under the Industrial Government Land Sales (IGLS) programme for the second half of this year. The Jalan Lam Huat (Plot B) site has a gross plot ratio of 2.5 ha and is zoned B2, meaning the site may be used by heavy industries that have a greater environmental impact. It has a lease of 20...

Prices and rentals of industrial space remained relatively stable in the third quarter of this year as industrial prices edged up 0.1 per cent from the previous quarter, while industrial rents slipped 0.1 per cent, JTC's latest report showed. Compared to a year ago, prices of industrial space softened 1.1 per cent, while rents dipped 0.4 per cent. Meanwhile, occupancy rates climbed 0.4 percentage...

Sabana Reit is selling a data centre in Tai Seng to the government-linked Ascendas-Singbridge Group, with the manager citing its strategy of divesting under‐performing and mature assets. The manager inked a conditional sale and purchase agreement on Wednesday to sell Geo‐Tele Centre for S$99.6 million to a trust, it said. Ascendas-Singbridge, which is jointly owned by state entities Temasek Holdings...

JTC Corp has launched a tender for an industrial land parcel in Tuas South Link 3, the third of six sites to be put up for sale from the confirmed list for the second half of 2018. The 5,953.3 square metre (64,081 square feet) Plot 27, which is bracketed by Tuas South avenues 7 and 16, comes with a lease tenure of 20 years and is being offered under the industrial government land sales scheme. The...

The latest cooling measures will put a dampener on residential collective sales, which have been driving big-ticket property transactions since the second quarter of last year. Given the volume of money in the global system in search of investible assets, investor attention may turn towards the industrial and commercial sectors, where regulations on the purchase and sale of properties are not as onerous...

Given the recent cooling measures affecting residential property purchases in Singapore, some investors could turn to alternative real estate investment classes such as industrial properties. This segment has opportunities, areas of growth, as well as challenges. Location is also a very important consideration. One area in Singapore that is attracting the attention of investors and industrialists is...

Social media giant Facebook on Thursday (Sep 6) announced it will pour in more than S$1.4 billion to construct its first data centre in Asia in Singapore. The new facility, located at Tanjong Kling (formerly known as Data Centre Park) in the west of Singapore, will span 170,000 sq m and will “support hundreds of jobs”, the company said in its press release, adding it will form part of its growing...

Vehicle inspection firm Vicom has agreed to buy a six-storey warehouse from Mapletree Logistics Trust (MLT) for S$22.4 million. The property, located at 531 Bukit Batok Street 23, will in time replace Setsco's present premises at Teban Gardens Crescent, which has been zoned for re-development under the government’s plans for the Jurong Lake District, Vicom said on Tuesday. MLT acquired the Bukit...

Two large interlinked warehouse buildings in Gul Industrial Estate are up for sale by expression of interest, said its sole marketing agent JLL. The sellers, an import and distribution business servicing the print industry, are relocating in order to optimise their operations, and are seeking offers in excess of S$13 million, said JLL. The property at 3 Gul Crescent near the Gul Circle MRT station has...

JTC on Monday said that it has accepted an application to put up an industrial site at Corporation Drive for sale by public tender. The land parcel was made available for application through the Reserve List system under the second half 2018 Industrial Government Land Sales programme. JTC said it had received an application with a committed bid price of at least S$20.7 million. "As the minimum price...