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...
Google is building a third data centre in Singapore to meet rapid user growth in the region, bringing its total long-term investment in such facilities here to US$850 million (S$1.16 billion). The US$350 million facility will be in Jurong West near its first two centres. Google said the complex, which is expected to come online in 2020, will be built on a plot of land the size of the first and second...
In response to demand for more flexible use of industrial space, the Urban Redevelopment Authority (URA) and JTC will be piloting new land use guidelines at a multi-tenanted building to be developed by JTC and located within Woodlands North Coast on a site zoned Business 1-White. The Woodlands pilot development will support manufacturing companies in co-locating their service-driven activities like...
Industrial prices and rentals continued their decline for a seventh consecutive quarter in the last three months of 2016. Prices fell a further three per cent in the fourth quarter, and rentals by 0.5 per cent, said JTC on Thursday. For the year, industrial prices retreated 9.1 per cent, and rentals, 6.8 per cent. This was steeper than the 1.7 per cent decline in prices and the 2.1 per cent in rentals...
PRICES of industrial space in Singapore fell a further 3 per cent in the fourth quarter of 2016, while rentals dipped 0.5 per cent, according to official JTC statistics released on Thursday morning. For the full year, industrial prices and rentals have retreated 9.1 per cent and 6.8 per cent respectively. Occupancy levels bucked a falling trend to increase 0.4 percentage points to 89.5 per cent in the...
THE shine is coming off industrial units. Waning investment yields and demand from end-users have kept a lid on buying interest. The numbers say as much. The number of strata transactions has been falling since the peak of 2012. Based on the caveats lodged, the figure dipped by a fifth (20.7 per cent) last year from the year before; the 849 such units sold in 2016 made for the fourth straight year of...
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