THE misuse of industrial space has become rampant, and with tenants having settled into units in new strata projects offering office-like designs and proximity to transport nodes, the trend has become even more conspicuous. Businesses ranging from law firms and real-estate agencies to accounting and tax advisory firms, recruitment agencies, training providers, commercial schools and boutique investment...
Industrial Space
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...
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...
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...
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...
AMID stringent government policies, private property owners require astute advisers to hunt for viable investment opportunities in a tight industrial property market. Singapore's industrial landscape has undergone notable shifts in ownership and policies over the past decade, as the economy progressed in diversity and value-added activity. In the decade from 1997 to 2006, an average 21 per cent of...
AMID stringent government policies, private property owners require astute advisers to hunt for viable investment opportunities in a tight industrial property market. Singapore's industrial landscape has undergone notable shifts in ownership and policies over the past decade, as the economy progressed in diversity and value-added activity. In the decade from 1997 to 2006, an average 21 per cent of...
Average industrial rents island-wide could fall 6-8 per cent year on year in the fourth quarter of 2016, as industrialists take bold consolidation and relocation steps to cope with challenging business conditions, said a Knight Frank report released on Friday. Rentals have fallen 4.4 per cent cumulatively for the first half of this year, according to official data from JTC. Tan Boon Leong, executive...