The sales tender for two industrial sites at Gambas Crescent drew good response from developers. Grow-Tech Properties has lodged the highest bids for both plots, according to details from the Urban Redevelopment Authority. The first site - Parcel 1 - has attracted a total of six bids, with a top bid of S$44.77 million from Grow-Tech Properties and is 48.5 percent higher than the next highest...
Singapore Industrial
Demand for business park space in Singapore continued to be buoyant in the third quarter. Growth industries such as biomedical, media and IT continued to fuel demand for quality space. This is according to the latest report by property consultancy CBRE. Fujitsu and Fox International committed to set up shop at the recently-completed Nexus in One North in the third quarter. This brings the...
JTC Corporation (JTC) launched three sites for sale by public tender on Friday under the industrial government land sales programme. The plots are located at Tai Seng Street and Tuas South Street 6 and 7. When developed, JTC said the 11,780 square metre site at Tai Seng Street will be part of the Paya Lebar iPark. The new industrial park is a pilot project by JTC for small and medium-sized...
JTC Corporation (JTC) and Urban Redevelopment Authority (URA) on Thursday released four industrial sites for sale by public tender. Offered under the Second Half 2013 Industrial Government Land Sales (IGLS) programme, the sites will provide more choices for industrial development. The four sites have a total land area of 3.4 hectares. Two sites in Tuas South, plots 4 and 28, have a 21-year 9-month...
The move to grow the clean technology segment in Singapore got a boost on Thursday as an eco-business park, CleanTech One, was officially opened by JTC Corporation. It is the first development in the larger CleanTech Park. The new development is part of the government's initiative to grow the clean technology (cleantech) segment. CleanTech One gives companies the opportunity to develop and test...
JTC has unveiled a next-generation standard factory targeted at small and medium enterprises (SMEs) in the manufacturing sector. About 40 per cent of the 18 units available have been taken up within the first year of the project's completion. Known as Small Footprint Standard Factories, these three-storey units make more intensive use of land, thereby reducing land cost. The government said it...
An industrial site at Woodlands Industrial Park E9 has attracted 10 bids, according to the Urban Redevelopment Authority (URA). Incorporated Woodlands, a subsidiary of Incoporated Builder, was the top bidder for the 30-year lease land parcel with a bid of S$72.69 million. This works out to be approximately S$161 per square foot per plot ratio. The top bid was about 50 per cent more than the second...
The Singapore government has set aside about 22.84 hectares of industrial land for the second half of this year. The Trade and Industry Ministry has placed a total of 22 sites under its Industrial Government Land Sales Programme. Analysts said medium-sized firms are most likely to benefit from this pipeline of land supply, which consist mostly of small sites with a shorter tenure. The government...
The Henley Industrial Building was put up for collective sale on Tuesday. The four-storey industrial building at Upper Paya Lebar Road has an area of approximately 27,161 square feet with 17 existing units. Marketing agent CBRE said the building has a reserve price of S$37 million. This works out to S$545 per square foot (psf) per plot ratio and a breakeven cost of about S$792 psf. No...
The first quarter of the year is traditionally a quiet period for the industrial property market. However, market sentiment seems a little different this year. Data from Knight Frank shows that sales volume of strata-titled factory space in the first quarter this year is 26.5 per cent lower than the same period last year. Knight Frank's latest report analysed caveats lodged up till March...