Leasing activity in Singapore's industrial property market continued to gain momentum in the second quarter of this year, but sales remained weak. This is according to the latest quarterly report by property consultant, Colliers International. It said that the outlook for the sector for the rest of the year is mixed. Colliers said the increase in the number of committed leasing deals was driven...
Singapore Industrial
Leasing activity in Singapore's industrial property market continued to gain momentum in the second quarter of this year, but sales remained weak. This is according to the latest quarterly report by property consultant, Colliers International. It said that the outlook for the sector for the rest of the year is mixed. Colliers said the increase in the number of committed leasing deals was driven...
The Urban Redevelopment Authority (URA) has awarded the tender for a 3.9 hectare industrial site at Woodlands Avenue 12 to Wee Hur Development. Wee Hur submitted the highest bid of S$76.9 million for the site, which has a 30-year lease term and a maximum gross plot ratio of 2.5. Source : Channel NewsAsia - 4 Jul...
The Urban Redevelopment Authority (URA) and JTC have launched three sites under the Industrial Government Land Sales (IGLS) Programme, as part of the Government's efforts to offer more choices for industrial development. In a joint statement on Tuesday (June 24), the agencies said two confirmed list sites at Gambas Crescent and off Tuas South Avenue 7, and a reserve list site off Tuas South Avenue 14...
The Republic has taken significant steps to remain competitive and companies that want to expand here will have sufficient space to grow, Deputy Prime Minister Teo Chee Hean said on Friday (June 20). Speaking at a luncheon that followed the annual general meeting of the Singapore International Chamber of Commerce, Mr Teo said the Government hopes to see more companies use Singapore as a base to seize...
JTC Corporation is joining hands with the Sustainable Energy Association of Singapore (SEAS) to work on energy efficiency solutions for buildings in JTC's business parks and industrial estates. The two partners signed a memorandum of understanding (MOU) on Tuesday (June 3). They plan to co-develop energy efficient solutions, such as harnessing solar energy, converting manufacturing waste to energy and...
Global logistics firm, DHL Supply Chain, has unveiled plans to build its Advanced Regional Centre at Singapore’s Tampines LogisPark. The facility is a joint investment worth S$160 million between DHL and Cache Logistics Trust, a Real Estate Investment Trust (REIT). It is expected to increase the company’s warehouse capacity in Singapore by 40 per cent, create another 500 jobs, and further strengthen...
Three sites have been launched for industrial development, under the first half of 2014 Industrial Government Land Sales (IGLS) Programme. Located at Woodlands Avenue 12, a 3.9 ha site released by the Urban Redevelopment Authority (URA) has been zoned for Business-1 development and has a 30-year tenure and a maximum permissible gross plot ratio of 2.5. A second site, at 8,922 sq m, has been released...
Rentals and sale prices of industrial space continued to climb at a moderate pace in the first quarter of the year, amid a marginal drop in occupancy rates during the same period, a quarterly report released by JTC yesterday showed. The report showed that rentals rose 0.4 per cent on-quarter during the January-to-March period, higher than the 0.2 per cent growth in the previous three months. On a...
Businesses looking to buy or rent industrial properties in Singapore will be able to make more-informed decisions on where to look and how much they should be paying, following JTC’s move to make available more-detailed information on current trends in a bid to introduce more transparency into the market. The move comes as concerns have been raised about the cost of commercial property in Singapore,...