Even as the prices, rentals and occupancy rates of industrial space continue to fall, 3.8 million sqm of industrial space is estimated to be available from now till end-2016, according to JTC Corporation in its quarterly market report for industrial properties for Q3 2015 released on Thursday (Oct 22). In the next quarter, about 798,000 sqm of industrial space, including about 100,000 sqm of...
Singapore Industrial
The occupancy rate in the industrial space market fell from 93 per cent in 2012 to 91 per cent in 2014, following the Government’s release of more industrial land in recent years. The occupancy rate of JTC’s and HDB’s industrial facilities also dipped from 97 per cent in 2012 to 94 per cent in 2014, said Trade and Industry Minister Lim Hng Kiang in a written parliamentary reply on Monday (17...
Chinese Web giant Alibaba Group on Thursday (Jul 30) announced it will set up data centres in Singapore, as well as Japan, Europe and the Middle East, as part of its US$1 billion investment to drive the growth of its cloud computing arm Aliyun. In a press release, Alibaba Group CEO Daniel Zhang said Aliyun will serve as an "essential engine" for the company in the new economy which sees the physical...
The prices and rentals of industrial space in Singapore have continued to soften, following an increase in supply of industrial land and space by the Government, according to JTC in its quarterly market report released on Thursday (Jul 23). Overall, the prices of industrial properties fell 0.9 per cent year-on-year in the second quarter of 2015. The prices of multiple-user factory space saw a 2.3 per...
Keppel Data Centres on Thursday (Jul 23) announced it will be developing its fourth data centre in the Republic, which will be located close to the company's other data centres in Tampines. The company signed a conditional agreement to acquire a light industrial building, via its wholly-owned subsidiary Keppel Datahub 3, for a purchase consideration of S$20 million, according to the press release by...
Fourteen sites were released for sale under the Industrial Government Land Sales Programme for the second half of 2015 on Monday (Jun 29) by the Ministry of Trade and Industry (MTI). According to MTI, there will be 10 sites in the Confirmed List and four sites in the Reserve List, with a total site area of 14.3 hectares. The Government will continue to release sufficient land through the programme to...
On Friday (Jun 26), JTC Corporation (JTC) announced it has awarded the tender for an industrial site at Tampines Industrial Drive (Plot 4) to Sim Lian Construction Co at S$5,900,000. The tender for the site was launched on Mar 31 and closed on May 26. A total of three bids were submitted with Sim Lian Construction Co being the highest tenderer. Spanning 5,686.3 square metres, the land parcel has a...
Telin Singapore is building a new five-storey data centre and telecommunication hub in Jurong. This will be the third data centre owned by the company, which is a fully-owned subsidiary of Telkom Indonesia. The 20,000-square-metre facility will help address demand for data centre services in the Republic, and support Singapore's Smart Nation vision. It will also have the capacity to meet demand for...
Tech giant Google is expanding its data centre footprint in the Republic, investing in a second “larger, multilevel” facility that will bump its long-term investment in Singapore to US$500 million (S$675 million). Mr Joe Kava, Vice President of Data Centers at Google Asia Pacific, said in a blogpost on Tuesday (Jun 2) that the new facility will be built on the same principles as the current one - it...
With growing internet connectivity, data centres are becoming an important facility. According to the Infocomm Development Authority of Singapore (IDA), Singapore now accounts for about half of the data centre capacity in the region. Industry players have said this is set to grow, and recent expansions in the sector in the Republic will further strengthen Singapore's position as a leading data...