THE developer of Gemini@Sims, a freehold industrial project in Kallang, is looking to sell the entire ground floor of 13 strata units via an expression of interest. JLL, the appointed marketing agent, said Wenul Assets (Industrial) Pte Ltd is expecting offers above S$900 per square foot (psf) over the strata floor area. "The vendors are open to selling all the units to a single buyer or to multiple...
Industrial
TO support the beleaguered offshore and marine (O&M) industry through a protracted downturn, JTC has given between 3 per cent and 10 per cent in rental rebates to all its O&M tenants and lessees for 2017. This marks the first rental rebate for industrial properties in Singapore since the global financial crisis in 2009. While the industry welcomed the move, some have questioned how far it would go...
An eight-storey freehold industrial building along Little Road near Tai Seng MRT Station is being sold for S$33.5 million. The price works out to S$771 per square foot based on the net lettable area of 43,451 sq ft. The seller, Kim Loong & Sons, developed the property which was completed about two years ago, said Kim Chong Wah, the company's managing director, when contacted by The Business Times. This...
Pei Fu Industrial Building is your typical industrial building found all over Tai Seng. Located at the end of New Industrial Road, just off the busy intersection of Upper Paya Lebar Road and Bartley Road East, the old six-storey structure houses a hodge-podge of businesses ranging from safety equipment vendors to interior fitting firms. On the first floor, there is a food wholesaler, where trucks are...
THE Ministry of Trade and Industry (MTI) has launched its Industrial Government Land Sales (IGLS) Programme for the first half of 2017. There will be 6 sites in the confirmed list and 5 sites in the reserve list, with a total site area of 11.25 hectare (ha). The confirmed list of industrial sites will total 3.27 ha. These include plots in Tuas South Link 3, Tampines North Drive 3, Jalan Lam Huat and...
CACHE Logistics Trust on Monday said that it has signed a deal with Agility International Logistics for the proposed divestment of Cache Changi Districentre 3 for S$25.5 million. This price is in line with the independent valuation by CBRE on Nov 30, 2016. Cache Changi Districentre 3 is located in the Changi International LogisPark (North) and has a remaining land lease of about 17 years. The...
All industrial land and properties under the Housing & Development Board (HDB) will be transferred to JTC in the first quarter of 2018, Minister for Trade and Industry (Trade) Lim Hng Kiang announced on Wednesday (Oct 19). The transfer, which will affect about 10,700 industrial units and 540 industrial land leases, will help the Government to better support small- and medium-size enterprises (SMEs), HDB...
AMAZON has signed a lease for nearly 100,000 square feet at Mapletree Logistics Hub - Toh Guan in the Jurong East area, sources have told BT. This is expected to serve as a fulfilment centre for its e-commerce business as well as offices. Operations are expected to begin in two months. Mapletree Logistics Trust (MLT), the owner of the six-storey ramp-up warehouse facility, declined to comment when...
No significant market impact or policy changes are expected from the announced transfer of industrial units and industrial land leases from the Housing & Development Board (HDB) to JTC Corporation, especially since there will be no change to the contracted terms and conditions of existing HDB industrial tenancies and leases. But what's notable is the beefing up of JTC's role as an industrial landlord...
INDUSTRIAL land and properties currently under the Housing & Development Board (HDB) will soon be consolidated under JTC Corporation (JTC) to better support small and medium-sized enterprises (SMEs) in their business growth. Minister for Trade and Industry Lim Hng Kiang on Wednesday announced that in the first quarter of 2018, some 10,700 industrial units and 540 industrial land leases under HDB will be...