A new eight-storey furniture hub will be built by the end of 2018, Minister for Trade and Industry (Trade) Lim Hng Kiang announced on Thursday (Mar 3). The JTC Furniture Hub @ Sungei Kadut will occupy a 2-hectare site and include features such as concept stores and the opportunity to testbed new e-fulfillment business models. It aims to foster a better ecosystem through the clustering of both furniture...
Singapore Industrial
One Confirmed List site at Tampines North Drive 3 (Plot 3) and one Reserve List site at Tuas South Link 1 (Plot 1) have been launched for sale by public tender, JTC announced on Tuesday (Feb 23). The 0.58 ha site at Tampines North Drive 3 (Plot 3) has a 20-year tenure with a maximum permissible gross plot ratio of 2.5. The tender for this site closes on Apr 19, 11am. On the other hand, the 3.33 ha...
The upcoming supply of industrial space this year is expected to exert further downward pressure on occupancy rates, said JTC on Thursday. In a market report on industrial space, JTC pointed out that prices and rents of industrial space continued to fall in tandem with occupancy rates, slipping 1.5 per cent and 1.1 per cent respectively in the fourth quarter from the preceding quarter. This...
A Confirmed List site at Tampines Industrial Drive (Plot 2) has been launched for sale by public tender, JTC announced on Tuesday (Jan 26). The launch is under the first half 2015 Industrial Government Land Sales Programme, it said. The 0.49-hectare site is zoned for Business-2 development, and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4, JTC said. Industrialists are...
JTC has awarded the tender for an industrial site at Tuas South Link 2 (Plot 5) to the highest bidder, Hiap Shing Construction, which submitted a tendered price of S$3 million, it said in a press release on Thursday (Jan 14). The tender for the site was launched on Sep 29, 2015 and closed on Nov 24, 2015 with three bids submitted, the national developer said. The 5,050 sq m site has a tenure of 20...
A WEAKER manufacturing sector and excess supply put a dent in average monthly gross rents for factory space in the fourth quarter of 2015, property consultancy DTZ said in a press release on Tuesday. It added that with 4.6 million sq ft of multiple-user factory space coming into the market in 2016 amid a softer economic environment, it expects industrial rents to "trend downwards" this year. Average...
The Ministry of Trade and Industry (MTI) on Monday (Dec 28) launched 10 sites for sale under the Industrial Government Land Sales (IGLS) Programme for the first half of 2016. In a media release, MTI said there will be six sites in the Confirmed List and four sites in the Reserve List, with a total site area of 12.24 ha. This is fewer than the 10 sites on the Confirmed List of the IGLS Programme in...
Two Confirmed List sites at Tampines Industrial Drive (Plot 5) and Tuas South Link 2 (Plot 9) have been launched for sale by public tender, JTC announced on Tuesday (Dec 29). The launches are under the second half 2015 Industrial Government Land Sales Programme. The 0.51 ha site at Tampines Industrial Drive (Plot 5) and the 0.48 ha site at Tuas South Link 2 (Plot 9) are zoned for Business-2...
More than 150 motor workshops are expected to move out of Sin Ming Industrial Estate in the third quarter of 2016, to free up land for higher intensity development as part of the Housing and Development Board (HDB)'s Industrial Redevelopment Programme. HDB said that all affected tenants have already selected their replacement units in a new multi-storey complex, AutoCity, right next door. Those...
JTC on Tuesday (Nov 24) announced it is launching two industrial sites under the second half 2015 Industrial Government Land Sales Programme. Under the Programme, the 0.41-hectare plot of land at Tampines Industrial Drive was launched under the Confirmed List. It is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4. Interested parties are to...