The debate over industrial property has been consistently grabbing the headlines in recent months. Earlier this month, a news report highlighted a gap in data for industrial property. Apparently, some transactions were not captured in the Urban Redevelopment Authority's Realis database due to incomplete information provided in the caveats lodged. As a result, they were not used in the compilation of...
Singapore Industrial
Five industrial land sites at Mandai Link, Tuas South Street 7 and 8, and Plot 3 Tampines Industrial Crescent have been launched for public tender by JTC Corporation. In a statement on Friday, JTC said the 2.2 hectares (ha) Mandai Link site has a lease of 30 years and a maximum permissible gross plot ratio of 2.5. It is for Business-2 (B2) clean and light development. The three sites at Tuas South...
Two industrial sites located at Bukit Batok Street 23 and Yishun Avenue 9 have been launched for public tender. In a statement on Wednesday, the Urban Redevelopment Authority (URA) said the two 30-year lease sites are part of the 16 industrial sites announced for sale under the Confirmed List of the 1st half 2012 Industrial Government Land Sales Programme. The land at Bukit Batok Street 23 has a site...
JTC Corporation put up five plots of land for sale by public tender on Friday. Located at Tuas South Street 7, 8, and 9, these industrial sites range from 0.30 to 0.57 hectare (ha) in size. They each have a lease of 23 years and a maximum permissible gross plot ratio of 1.0. In a media statement, JTC said these smaller plots with shorter tenure are to help meet the needs of industrialists who prefer to...
The Urban Redevelopment Authority (URA) has closed the tender for the industrial site at Kaki Bukit Road 5 / Kaki Bukit Avenue 6. The tender for the industrial site attracted eight bids. According to the Urban Redevelopment Authority (URA), civil engineering firm Hock Lian Seng Holdings put in the top bid of S$27.3 million for the site. The other seven bids lodged range from S$14.0 million to S$26.6...
The Ministry of Trade and Industry (MTI) today launched its Industrial Government Land Sales (IGLS) Programme for the second half of 2012. To continue to meet potential demand for industrial land, there are 16 sites in the Confirmed List and 3 sites in the Reserve List, with a total site area of 23.72 ha. The proposed land quantum for the second half of 2012 is comparable to that of the first half of...
Real estate investment trusts (REITs) have outperformed the market despite the volatility in the first half of the year. They are also known for their relative resilience amid economic downturns. And industrial REITs appear to hold up better than the rest with total returns of 18 per cent in the first quarter. REITs have outperformed other assets like equities since the start of the year. The benchmark...
The industrial property segment probably benefited more than the office and retail segments after investors were diverted to non-residential sales following the Government's measures to cool the housing market last year. A record 1,822 industrial units were transacted last year and the buying momentum continued into the first quarter of this year. The quarter saw 478 strata factory transactions, up about...
Prospects of higher investment yields are driving demand and prices of industrial properties. The robust economic growth since the rebound from the US debt crisis in 2008 has generated a lot more economic activity. This has boosted demand for industrial space in Singapore in the last two years. Latest URA data shows industrial property prices have bucked the general downtrend and grew by 7.2 per cent in...
The robust economic growth since the global financial crisis in 2008 has boosted demand for industrial space in Singapore in the last two years. Some analysts say the industrial property segment has been a star performer with capital values going up by an average of 23 per cent since 2010. And prospects of higher investment yields are driving demand and prices of industrial properties. Data released by...