JTC Corporation has awarded the tender for an industrial site at Lavender Street/Kallang Avenue to PLC 8 Development. The firm submitted the highest bid of S$218.3 million. The 60-year-lease site is zoned for Business 1-White and has a land area of 28,348 square metres. The industrial site has a gross plot ratio of 3.0 with a project completion period of 84 months. It was launched for public tender on...
Singapore Industrial
The Ministry of Trade and Industry said it will continue to keep a close watch on the industrial property market and will release more land when necessary to ensure a stable and sustainable market. Trade and Industry minister, Mr Lim Hng Kiang, said this in a written response to a question posed by MP Zaqy Mohamad, Member of Chua Chu Kang GRC. Mr Zaqy had asked whether the ministry had assessed the real...
The Urban Redevelopment Authority (URA) has received five bids for the tender of an industrial site at Gambas Avenue / Gambas Crescent. The top bid for the 21,426.7 square metre (230,635 square foot) site of S$78.17 million was from HLS Development. The tender for the 60-year leasehold industrial site was launched for tender on 18 October after an unnamed party committed to bid at least S$57 million --...
Mapletree Logistics reported a slowdown in activity in the construction and industrial sectors. Mapletree is a real estate trust that specialises in logistics and industrial property. At the release of the logistic report on Wednesday, Mapletree's chief executive, Richard Lai, said high consumption rates in Singapore and around the region had kept demand for industrial space high, but the global economic...
The Urban Redevelopment Authority (URA) on Thursday released the detailed sales conditions for an industrial site at Sims Drive/Aljunied Road for public tender. The land parcel is part of the Reserve List of the Industrial Government Land Sales Programme for the second half of 2011. URA said interested developers can apply for the site to be put up for tender. The site has an area of about 0.63 ha and...
The Urban Redevelopment Authority (URA) has launched the industrial site at Gambas Avenue / Gambas Crescent for sale via public tender today. The land parcel was made available for sale through the Reserve List system on 24 June 2011. On 4 October 2011, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of...
Average rental values for private industrial space stagnated in the third quarter of 2011 as leasing demand softened for industrial space, according to DTZ Research. The average rent for hi-tech industrial space and upper-storey private industrial space stood unchanged quarter-on-quarter at S$3.45 and S$1.75 per square feet per month respectively in Q3 2011. DTZ said the slowdown in the office sector has...
The Urban Redevelopment Authority (URA) has launched the industrial site at Soon Lee Street for sale by public tender today. This is the last industrial site to be released for sale under the Confirmed List of the 2nd half 2011 Industrial Government Land Sales Programme, as announced by the Ministry of Trade and Industry on 30 June 2011. The other two industrial sites namely, at Kaki Bukit Road 4 and...
A developer of business space, Ascendas, is helping to spread the "green message" with an eco-friendly office. It is showcasing its newly-renovated office at the Singapore Science Park as a next-generation office during its very own Green Month. The premises in The Galen have an open concept to tap maximum daylight, which in turn helps to save energy. Chief Development Planning Officer of Ascendas,...
The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the industrial site at Gambas Avenue / Gambas Crescent for sale via public tender. The land parcel was made available for sale through the Reserve List system on 24 June 2011. URA has received an application from a developer for the site to be put up for public tender. The developer has...