Niche property developer Soilbuild Group has won the tender to build, own and operate a stack-up factory in the Tuas area.
The award for the 5-hectare site at Tanjong Kling Industrial Estate was given out by JTC Corporation.
This is the first time that a stack-up factory development has been awarded to a private developer.
JTC said Soilbuild clinched the contract because its concept included enhanced features such as a basement carpark to segregate heavy and light vehicular traffic, and a layout that facilitates a smooth heavy vehicular movement within the building.
The new Tanjong Kling development, expected to be completed in early 2010, comes with a gross plot ratio of up to 2.5.
To meet the needs of the larger industrialists, the stipulated minimum floor area per unit for the development is 1,000 square metres.
The concept of stacking-up factories was first introduced eight years ago at Woodlands in a bid to optimise land use.
A robust growth in the manufacturing sector has fuelled an increase in demand for industrial space in the last three years. – CNA/ms
Source : Channel NewsAsia – 2 Jun 2008