Industrial property occupancy rates fell 0.3 percentage points on a quarter-on-quarter basis to 91.6 per cent, based on latest data from Singapore's lead industrial infrastructure developer JTC Corporation. JTC said the decline follows an increase in industrial land and space supply by the government in recent years. Prices of industrial space continued to moderate compared to previous years. In...
Singapore Industrial
Rents for factories, warehouses and other industrial spaces in Singapore fell slightly during the first quarter of 2014 as firms became more cautious about expansion, Colliers International said on Tuesday. The real estate consultancy estimated that rents for ground floor factory and warehouse space fell 0.8 per cent in the first quarter from the last three months of 2013. For upper floor units, the...
Small- and medium-sized enterprises (SMEs) can look forward to more innovative industrial developments from JTC Corporation. Outlining its plans for the future, JTC says the 16 projects it is working on are expected to add 800,000 square metres of multi-user space by 2017. JTC also expects industrial rents to continue to moderate in the coming years. JTC is the lead industrial infrastructure...
The Housing and Development Board (HDB) said on Tuesday that another 399 units in Eunos Industrial Estate will have to move out to facilitate the future redevelopment of the area. The affected units are located in 26 blocks at Eunos Road and Eunos Avenue 3, 4, 5, 5A, 6, 7 and 8. They are the fourth batch of units in Eunos Industrial Estate to be affected by HDB's Industrial Redevelopment Programme...
JTC Corporation (JTC) has launched four plots of land at Tuas South for sale by public tender on Friday. The four land parcels are located at Tuas South Streets 6, 11 and 13, and are zoned for Business-2 development with a lease of 21 years and five months. The sites, with land areas ranging from 4,551.4 square metres to 7,447.4 square metres, have maximum permissible gross plot ratios of 1.0. The...
The trade and industry ministry today (Dec 16) launched its Industrial Government Land Sales Programme (IGLS) for the first half of 2014 with eight Confirmed List sites and five on the Reserved List with a total site area of 20.42 hectares. The Ministry of Trade and Industry (MTI) said in a statement this morning that “proposed land quantum for the first half 2014 reflects a continuation of the...
The tender for the industrial site at Gambas Crescent (Parcel 3) attracted a total of four bids, with Grow-Tech Properties placing the highest bid at S$39.33 million. According to data from the Urban Redevelopment Authority (URA), Grow-Tech Properties' bid is 21 per cent higher than the second highest bid by First Shine Management Services. The other two bidders were Eco-I which submitted a bid of...
JTC Corporation (JTC) on Friday launched a plot of land in Woodlands Industrial Park E9 and another three at Tuas South Streets 11 and 13 for sale by public tender. JTC said all four sites are zoned for Business-2 development which means the area may be used for industry, warehouse, utilities and telecommunication purposes within a prescribed nuisance buffer zone. The 18,394.1 square-metre site at...
Five sites at Tuas South and Gambas Crescent have been launched for sale under the Industrial Government Land Sales (IGLS) programme on Thursday. In a joint statement, the Urban Redevelopment Authority and JTC Corporation said the launch is part of the government's continuing efforts to offer more choices for industrial development. URA and JTC said the three sites at Tuas South Street 10 each have a...
Greenhub -- Singapore's first "green" factory -- was officially opened on Thursday by Deputy Prime Minister Tharman Shanmugaratnam. Greenhub's nondescript exterior belies the effort and the attention to detail that has gone into Singapore's first green factory. The factory embraces environmentally friendly processes all the way from its construction down to its daily operations. Its self-tinting...