A six-storey light industrial building at Jalan Pemimpin, Sin Cheong Building, is being put up for sale by tender. The asking price will be set at an indicative range of between S$32 million and S$36 million. This is S$291 to S$327 per square foot per plot ratio. The building currently sits on freehold land of about 44,000 square feet. The District 20 Jalan Pemimpin area is located inside the Central...
Singapore Industrial
This year has been a rewarding year for the industrial property market. The overall momentum of the industrial property sector has been strong and more sustainable than that of the private residential sector. Besides continued rental recovery, factory units and multiple-user warehouses have received strong buying interest. In the first 10 months of this year alone, a total of 1,491 factory units were...
Prime warehouse rents in Singapore are the seventh-most expensive in the world, according to a study by property consultants Colliers International. It said Singapore rents were US$13.38 per square foot per year in the first half of 2010. Singapore's current rank is a jump from the 9th spot it took in the second half of last year. In the first half of 2009, Singapore's prime warehouse rents were low enough...
JTC said it launched the site at the junction of Old Toh Tuck Road and Toh Tuck Avenue for sale by public tender on Friday. The 1.01 hectare site has a lease of 30 years. It is on the confirmed list of the so-called Industrial Government Land Sales (IGLS) programme. Zoned "Industrial Business 2," the site has a plot ratio of 1.6 and will be developed for use by logistics businesses. JTC said interested...
The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the industrial site at Pioneer Road North/Soon Lee Street for sale via public tender. The developer has committed to bid at a price of not less than S$13.8 million in the tender for the land parcel, which was made available for sale through the Reserve List system on 27 May 2010, URA said in a statement. The...
Infrastructure specialist JTC Corp will launch a tender today to appoint a real estate consultant for the second stage of its divestment exercise. JTC wants to divest 20 blocks of flatted factories with a total area of more than 300,000 sq m. These high-rise ready-built properties, located in various parts of Singapore, already have a mature private sector market, it said. JTC said one of the objectives...
The average rents and capital values for factories and warehouses in Singapore continued to increase in the third quarter, but the average rent for hi-tech buildings stayed unchanged, according to property consultancy CB Richard Ellis (CBRE). It also noted a healthy level of activity in the investment market for industrial properties with major investment transactions totalling S$835.7 million in the...
Industrial landlord JTC's CleanTech One has already achieved a 50 per cent occupancy rate. This structure is the first to be completed at Singapore's first eco business park, CleanTech Park in Jurong West. CleanTech One is expected to be completed by December next year. Some of the key tenants include the Nanyang Environment and Water Research Institute and Sinomen Technology, a membrane solution...
The Urban Redevelopment Authority (URA) yesterday announced the sales conditions for an industrial site in Woodlands, the first of four such sites to be released under the Reserve List of the 2nd half 2010 Industrial Government Land Sale Programme. The 60-year leasehold land parcel at Woodlands Avenue 12 has an area of about 2.1 hectares and a maximum gross plot ratio of 2.5. Zoned for Business 1...
The Urban Redevelopment Authority has awarded the tender for the industrial site at Kaki Bukit Avenue 4 to Wee Hur Development. The company submitted the highest bid of S$76.8 million for the site. The plot has a site area of more than 30,000 square metres, and a maximum gross plot ratio of 2.5. The tender for the industrial site was launched on July 19 and closed on September 14. The land parcel was...