JTC Corporation has launched two Confirmed List sites and one Reserve List site under the Industrial Government Land Sales programme. Under the Confirmed List, the 0.6 ha site at Tuas South Link 2 and 0.5 ha site at Tampines Industrial Drive have a 20-year tenure and a maximum permissible gross plot ratio of 1.4. The tenders will close on Jul 21 at 11:00am, said JTC in a news release on Tuesday (May...
Singapore Industrial
The Scorpio East building at 25 Tai Seng Avenue has been put up for sale by Expression of Interest by property consultant Colliers International. The seven-storey industrial building within Paya Lebar iPark sits on a 27,000 sq ft site that presently has a balance lease of 51 years, Colliers International said in a press release on Wednesday (Apr 22). With a total gross floor area of approximately...
Increases in the price and rental of industrial space have "slowed sharply", according to data from JTC on Thursday (Apr 23). The slowdown follows the increase in supply of industrial land and space in recent years, and in tandem with moderation in occupancy rates, it said in a news release. The rental rate movement in for all industrial properties fell 2 per cent year-on-year in the first quarter of...
New and existing tenants will not be allowed to sublet their industrial properties from Jun 1 this year, the Housing and Development Board said in a press release on Monday (Mar 30). However, to facilitate business adjustments, HDB said tenants with existing approved subletting arrangements will be allowed to renew their subletting agreements until Dec 31, 2017. According to the HDB website, some of...
A new site at Tuas South Street 6 is up for sale, announced JTC Corporation on Tuesday (Feb 24). The 0.7-hectare site was launched for sale by public tender under the first half 2015 Industrial Government Land Sales (IGLS) Programme. The Confirmed List site is zoned for Business-2 development and has a 20-year 3-month tenure, with a maximum permissible gross plot ratio of 1.0, JTC said in its press...
JTC on Wednesday (Feb 11) broke ground for the first industrial development in the Republic that will house companies within the entire manufacturing value chain when it is completed in 2017. The development, JTC @ Space, is sited on a 6.4-hectare land in Tuas, and will have seven land-based factories on the ground floor for heavy manufacturing activities such as those in the oil and gas sector. There...
JTC Corporation has revised the methodology it uses to compile price and rental indices for industrial property in Singapore, in a move to provide more comprehensive data coverage and introduce greater transparency into the market. The revisions include expanding the indices’ geographical coverage to the whole of Singapore, from just the central region previously. The indices now also include new...
The tender for an industrial site at Tuas South Street 9 has been awarded to the highest tenderer, Asiaone Logistics & Warehousing Pte Ltd, at a tendered sale price of S$7,038,000. In a press release on Monday (Jan 19), JTC Corporation (JTC) said the tender for the site had attracted four bids. The site has an area of 8,369 square metres with a tenure period of 20 years and seven...
Singapore's industrial property market will continue to have a mixed outlook for this year, according to a report released by Colliers International on Monday (Jan 12). The real estate services firm said that companies are expected to remain cost-sensitive and may take longer to evaluate their business space needs. This is partly due to the fragile global economic outlook and lingering risks from...
Weak demand for conventional factory space, coupled with a big injection of supply to existing stock, contributed to falling rents for industrial space in the fourth quarter of last year, said property consultancy DTZ Research on Monday (June 1). Demand for space in business parks and high-tech industrial facilities, on the other hand, continued to rise, underpinning rents for this sector, it said,...