AS part of its global exercise to go asset-light, Wartsila Singapore - the Singapore unit of Finland-listed marine and energy player Wartsila - is putting up five industrial properties here for sale via an expression of interest (EOI). Two properties located at 11 Pandan Crescent and 14 Benoi Crescent will be sold on sale-and-leaseback arrangements, while the other three properties at 43, 45 and 47 Gul...
Industrial Space
CAMBRIDGE Industrial Trust Management on Monday said it has entered into an agreement with UBZ System for the proposed sale of its remaining leasehold interest in 2 Ubi View for S$10.5 million. According to the manager of Cambridge Industrial Trust (CIT), the proposed sale originated from an "unsolicited offer" from UBZ. The sale consideration represents a premium of about 6 per cent above the...
Prices and rentals of industrial space continued to fall in the second quarter in tandem with occupancy, according to data released on Thursday (Jul 28) by JTC. Prices fell by 2.3 per cent in the three months ended Mar 31 compared with the preceding quarter. On a year-on-year basis, prices fell by 6.5 per cent. Rentals declined 1.7 per cent compared with the preceding quarter, and by 6.1 per cent...
INDUSTRIAL rents and prices have fallen for the fifth straight quarter as headwinds on the manufacturing and economic fronts, coupled with uncertainty in the market and supply outstripping demand, took its toll on industrial property in Singapore. The all-industrial rental index registered a 6.1 per cent year-on-year dip and fell 1.7 per cent on a quarterly basis, the latest statistics from JTC...
PRICES and rentals of industrial space in Singapore continue to fall in tandem with occupancy rates, while vacancy rates edge upward, a report has found. Prices for overall industrial property market in the second quarter fell 6.5 per cent year on year and 2.3 per cent quarter on quarter, JTC Corporation's latest statistics released on Thursday show. Industrial rents fell 6.1 per cent year on year...
JTC has offered for sale a Confirmed List site at Tampines Industrial Drive (Plot 3) under the second-half 2016 Industrial Government Land Sales programme. The launch of the 0.49-ha site is part of the Singapore government's efforts to offer more choices for industrial development, JTC said in a release on Tuesday. The 20-year-tenure site is zoned for Business-2 development and has a maximum...
Nine units of Holland Road Shopping Centre and one unit of 211 Henderson, an industrial building, are up for sale, either collectively at a guide price of just over S$24 million or on a piecemeal basis. All of them are freehold units and are being sold with vacant possession. They are owned by two companies controlled by the Lim family that used to operate Lim's Arts and Living, out of eight of the...
TSH Corporation said on Thursday night that it has entered a sale and purchase agreement with Singapore Shenguan to sell its freehold industrial land and building at 62 Burn Road, for S$16.1 million. The property is a seven-storey freehold light industrial building with a site area of approximately 987 square metres and gross floor area of approximately 2,202 square metres. It is used to headquarter the...
welve industrial sites have been released under the Industrial Government Land Sales (IGLS) Programme for the second half of 2016, amid a slowing economic outlook and weakening demand for factory space. There will be seven sites on the confirmed list and five sites on the reserve list, with a total site area of 11.7 hectares, the Ministry of Trade and Industry said on Tuesday (Jun 28). Compared to...
SEVEN industrial sites will be released in the Confirmed List under the Industrial Government Land Sales (IGLS) programme for the second half of this year totalling 3.99-ha in site area. Another five sites are placed on the Reserve List that can be triggered for public tender by a minimum acceptable bid. These 12 sites span a total site area of 11.7 hectares, the Ministry of Trade and Industry (MTI)...