JTC Corporation (JTC) has launched the sale of a plot of industrial land at Loyang Way by public tender on Thursday. JTC said the site has a land area of 20,633 square metres, and is zoned for Business-2 development. This means the plot can be used for industry and warehouse purposes. The land parcel has a tenure of 30 years and gross plot ratio of 2.5. Developers have up to 84 months to complete...
Singapore Industrial
An industrial property at Enterprise Road in Jurong has been put for sale by tender. The asset consists a large single-storey factory - comprising warehouses, production and office areas. Exclusive agent for the deal Jones Lang LaSalle said the site has a built up area of about 62,500 square feet. It is located on a leasehold site of 109,164 square feet with a remaining term of 25 years. Meanwhile, the...
It's all quiet on the industrial property front more than a week after Singapore's first cooling measure on the sector kicked in. Most market experts are confident that industrial property prices will hold steady and may even increase by up to 15 per cent this year. But there're others who believe the sector is set for a correction. For the first time, Singapore is imposing a Sellers' Stamp Duty on...
Guang Ming Industrial Building, located at No 65 Upper Paya Lebar Road, has been put up for collective sale. The freehold industrial 'white site' has a land area of 19,789 square feet. Its marketing agent Cushman & Wakefield says the site is expected to fetch more than S$58 million. Among the likely interested parties for the site include small to mid-sized developers and those companies looking for...
The Urban Redevelopment Authority (URA) has released detailed sales conditions for an industrial site at Woodlands Avenue 12. URA said in a statement on Friday that the land parcel is released for sale under the Reserve List of the second half of this 2012's Government Industrial Land Sales programme. The 30-year leasehold plot has a site area of about 3.9 hectares and a maximum permissible gross plot...
JTC Corporation launched the second stage of its two-stage tender on Thursday to engage an operator for Jurong Rock Caverns (JRC), Singapore's first underground hydrocarbon storage facility. JTC said in a statement that phase one of the project on Jurong Island, which comprises five caverns, will be completed in stages between 2013 and 2014. It aims to appoint an operator by mid-2013, which will be given...
Prices of industrial properties in Singapore have risen by some 27 per cent in the first three quarters of 2012. Some analysts say prices could climb by 30 per cent for the entire year, one of the highest in recent years. They attribute the increase to buoyant demand for strata-titled industrial premises. Low interest rates, high liquidity and cooling measures in the residential property segment have...
The Singapore government has set aside nearly 25 hectares of industrial land for the first half of 2013, according to the Industrial Government Land Sales Programme (GLS) released by the Ministry of Trade & Industry (MTI) on Wednesday. A new regulation by the government now requires developers to build a minimum number of large factory units. This applies to four large land plots with a site area of...
A S$200 million logistics hub broke ground at Jurong West on Friday. Named Supply Chain City, the facility is the brainchild of logistics firm YCH. Apart from serving as its headquarters, the facility will also cater to other companies needing logistics space. YCH is transforming a 6.5-hectare area in western Singapore to build its new home come 2014. It will house a five-storey warehouse, a...
The Republic's industrial sector is near a tipping point, and rents are expected to decline 7 to 10 per cent over the next two years on rising vacancy rates, DBS Vickers said in a research report yesterday. Lower completion of new industrial space over the last few years had resulted in record low vacancy levels and a strong surge in industrial capital values and rents since the start of this...