Keppel Data Centres on Thursday (Jul 23) announced it will be developing its fourth data centre in the Republic, which will be located close to the company's other data centres in Tampines. The company signed a conditional agreement to acquire a light industrial building, via its wholly-owned subsidiary Keppel Datahub 3, for a purchase consideration of S$20 million, according to the press release by...
Industrial Space
Fourteen sites were released for sale under the Industrial Government Land Sales Programme for the second half of 2015 on Monday (Jun 29) by the Ministry of Trade and Industry (MTI). According to MTI, there will be 10 sites in the Confirmed List and four sites in the Reserve List, with a total site area of 14.3 hectares. The Government will continue to release sufficient land through the programme to...
On Friday (Jun 26), JTC Corporation (JTC) announced it has awarded the tender for an industrial site at Tampines Industrial Drive (Plot 4) to Sim Lian Construction Co at S$5,900,000. The tender for the site was launched on Mar 31 and closed on May 26. A total of three bids were submitted with Sim Lian Construction Co being the highest tenderer. Spanning 5,686.3 square metres, the land parcel has a...
With growing internet connectivity, data centres are becoming an important facility. According to the Infocomm Development Authority of Singapore (IDA), Singapore now accounts for about half of the data centre capacity in the region. Industry players have said this is set to grow, and recent expansions in the sector in the Republic will further strengthen Singapore's position as a leading data...
The Scorpio East building at 25 Tai Seng Avenue has been put up for sale by Expression of Interest by property consultant Colliers International. The seven-storey industrial building within Paya Lebar iPark sits on a 27,000 sq ft site that presently has a balance lease of 51 years, Colliers International said in a press release on Wednesday (Apr 22). With a total gross floor area of approximately...
Increases in the price and rental of industrial space have "slowed sharply", according to data from JTC on Thursday (Apr 23). The slowdown follows the increase in supply of industrial land and space in recent years, and in tandem with moderation in occupancy rates, it said in a news release. The rental rate movement in for all industrial properties fell 2 per cent year-on-year in the first quarter of...
New and existing tenants will not be allowed to sublet their industrial properties from Jun 1 this year, the Housing and Development Board said in a press release on Monday (Mar 30). However, to facilitate business adjustments, HDB said tenants with existing approved subletting arrangements will be allowed to renew their subletting agreements until Dec 31, 2017. According to the HDB website, some of...
A new site at Tuas South Street 6 is up for sale, announced JTC Corporation on Tuesday (Feb 24). The 0.7-hectare site was launched for sale by public tender under the first half 2015 Industrial Government Land Sales (IGLS) Programme. The Confirmed List site is zoned for Business-2 development and has a 20-year 3-month tenure, with a maximum permissible gross plot ratio of 1.0, JTC said in its press...
JTC on Wednesday (Feb 11) broke ground for the first industrial development in the Republic that will house companies within the entire manufacturing value chain when it is completed in 2017. The development, JTC @ Space, is sited on a 6.4-hectare land in Tuas, and will have seven land-based factories on the ground floor for heavy manufacturing activities such as those in the oil and gas sector. There...
JTC Corporation has revised the methodology it uses to compile price and rental indices for industrial property in Singapore, in a move to provide more comprehensive data coverage and introduce greater transparency into the market. The revisions include expanding the indices’ geographical coverage to the whole of Singapore, from just the central region previously. The indices now also include new...