Singapore has long been recognized as one of the most innovative and dynamic economies in the world, with a thriving manufacturing sector that plays a significant role in the country's economic growth. The industrial property market in Singapore has seen steady growth in recent years, driven by demand from e-commerce, technology, and life science sectors. However, the COVID-19 pandemic and global economic...
Two industrial buildings in Ang Mo Kio and Bartley have been listed for sale. The estimated selling price for the industrial building at 1 Ang Mo Kio Street 63, which will be sold by private treaty, is S$27 million. The indicative price for the other building which is situated off Upper Paya Lebar Road at 21 New Industrial Road, is S$71 million. Ang Mo Kio industrial building 1 Ang Mo Kio Street...
Despite a decline in overall occupancy rates, rents and prices in Singapore's industrial developments increased in the first quarter of 2022, according to JTC's quarterly market report, which was released on Thursday (Apr 28). Prices for industrial space increased by 2.1% over the previous quarter and by 5.6% over the previous year. The multiple-user and single-user manufacturing divisions' prices saw...
A freehold strata-titled storage facility at 50 Tagore Lane has been put on the market via expression of interest with an indicative price of S$100 million, marketing agent Cushman & Wakefield said on Wednesday. The property comprises individual units with separate strata titles. It is being offered for sale together with an opportunity to buy the self-storage business of the seller, EBC Lifestyle...
Leasing volume for multiple-user factory spaces in Singapore dropped 34.4 per cent on the year to 1,577 transactions in July and August, amounting to S$5.7 million, Knight Frank said on Tuesday. This comes as strong challenges faced during the Singapore "circuit breaker" period and economic uncertainties continue to subdue substantial movements in the leasing market, the real estate consultancy said in...
Two adjoining plots of land - 1 and 3 Jalan Lembah Kallang - are up for sale with a guide price of S$8.5 million each or S$17 million for both, sole marketing agent Savills Singapore said on Monday. No 1 is a detached factory, comprising a three-storey front office building with a single-storey rear workshop. It has a total gross floor area (GFA) of about 6,000 square feet (sq ft) and land area of 8,475...
An industrial building at 209 Kallang Bahru is up for sale at a guide price of S$6.5 million, marketing agent Savills Singapore said on Thursday. The detached five-storey building has a total site area of about 24,380 square feet (sq ft) with a gross floor area of around 52,797 sq ft. The land is zoned Business 1 with a plot ratio of 2.5 under the Urban Redevelopment Authority's Master Plan 2019. It...
Prices and rentals of industrial space fell year on year in the second quarter and will continue to be under downward pressure in coming quarters due to the pandemic, said industrial land and infrastructure agency JTC Corp. Prices of industrial space declined by 1.7 per cent year on year and 1.1 per cent quarter on quarter. Rents came down by 0.8 per cent year on year and 0.7 per cent quarter on...
Of all the ways our lives have changed during the coronavirus pandemic, few are as obvious as how and where we eat. With restaurants either shuttered or reopening with vastly reduced capacity, and people staying home as second-wave outbreaks erupt, demand for food-delivery services has exploded. Now Kishin RK, the 36-year-old heir to a multi-billion dollar Singapore property empire, is joining the...
A seven-storey light industrial building at 463 MacPherson Road is up for sale via private treaty with a guide price of S$21 million, marketing agent Savills Singapore said on Monday. The property has a total gross floor area of about 38,287 square feet (sq ft), a land area of 14,400 sq ft and comes with a basement car park and a sky terrace. The property sits on land zoned B1 Industrial and has a...
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