A Confirmed List site at Tampines Industrial Drive (Plot 2) has been launched for sale by public tender, JTC announced on Tuesday (Jan 26). The launch is under the first half 2015 Industrial Government Land Sales Programme, it said. The 0.49-hectare site is zoned for Business-2 development, and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4, JTC said. Industrialists are...
Industrial Space
JTC has awarded the tender for an industrial site at Tuas South Link 2 (Plot 5) to the highest bidder, Hiap Shing Construction, which submitted a tendered price of S$3 million, it said in a press release on Thursday (Jan 14). The tender for the site was launched on Sep 29, 2015 and closed on Nov 24, 2015 with three bids submitted, the national developer said. The 5,050 sq m site has a tenure of 20...
A WEAKER manufacturing sector and excess supply put a dent in average monthly gross rents for factory space in the fourth quarter of 2015, property consultancy DTZ said in a press release on Tuesday. It added that with 4.6 million sq ft of multiple-user factory space coming into the market in 2016 amid a softer economic environment, it expects industrial rents to "trend downwards" this year. Average...
The Ministry of Trade and Industry (MTI) on Monday (Dec 28) launched 10 sites for sale under the Industrial Government Land Sales (IGLS) Programme for the first half of 2016. In a media release, MTI said there will be six sites in the Confirmed List and four sites in the Reserve List, with a total site area of 12.24 ha. This is fewer than the 10 sites on the Confirmed List of the IGLS Programme in...
Two Confirmed List sites at Tampines Industrial Drive (Plot 5) and Tuas South Link 2 (Plot 9) have been launched for sale by public tender, JTC announced on Tuesday (Dec 29). The launches are under the second half 2015 Industrial Government Land Sales Programme. The 0.51 ha site at Tampines Industrial Drive (Plot 5) and the 0.48 ha site at Tuas South Link 2 (Plot 9) are zoned for Business-2...
JTC on Tuesday (Nov 24) announced it is launching two industrial sites under the second half 2015 Industrial Government Land Sales Programme. Under the Programme, the 0.41-hectare plot of land at Tampines Industrial Drive was launched under the Confirmed List. It is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4. Interested parties are to...
Even as the prices, rentals and occupancy rates of industrial space continue to fall, 3.8 million sqm of industrial space is estimated to be available from now till end-2016, according to JTC Corporation in its quarterly market report for industrial properties for Q3 2015 released on Thursday (Oct 22). In the next quarter, about 798,000 sqm of industrial space, including about 100,000 sqm of...
The occupancy rate in the industrial space market fell from 93 per cent in 2012 to 91 per cent in 2014, following the Government’s release of more industrial land in recent years. The occupancy rate of JTC’s and HDB’s industrial facilities also dipped from 97 per cent in 2012 to 94 per cent in 2014, said Trade and Industry Minister Lim Hng Kiang in a written parliamentary reply on Monday (17...
Chinese Web giant Alibaba Group on Thursday (Jul 30) announced it will set up data centres in Singapore, as well as Japan, Europe and the Middle East, as part of its US$1 billion investment to drive the growth of its cloud computing arm Aliyun. In a press release, Alibaba Group CEO Daniel Zhang said Aliyun will serve as an "essential engine" for the company in the new economy which sees the physical...
The prices and rentals of industrial space in Singapore have continued to soften, following an increase in supply of industrial land and space by the Government, according to JTC in its quarterly market report released on Thursday (Jul 23). Overall, the prices of industrial properties fell 0.9 per cent year-on-year in the second quarter of 2015. The prices of multiple-user factory space saw a 2.3 per...