Top bid of $95.07 per square foot per plot ratio comes from Wee Hur Development A TENDER for a 60-year leasehold industrial site at Kaki Bukit Avenue 4 has attracted a top bid of $95.07 per square foot per plot ratio (psf ppr) from Wee Hur Development. Its bid was 17.8 per cent above the next highest offer of $80.69 psf ppr by Winland Pte Ltd, whose directors include Ng Teng Yeng, brother of the late...
Singapore Industrial
JTC Corporation said it was looking to set up an offshore marine centre as well as establish a MedTech cluster, as part of a move to reposition itself as an Industrial Infrastructure Innovator. It announced this at its 2009 Annual Report conference Monday. Some of the other initiatives JTC is exploring include a general aviation centre, a biologics facility, a surface finishing complex for the precision...
JTC Corporation will launch an industrial site for sale by public tender on August 23. The 4.65-hectare site is located at Yishun Street 23 and Yishun Avenue 9. The plot which has a 60-year lease is on the Confirmed List of the industrial government land sales programme. JTC said the site will be developed as a ramp-up factory with direct vehicular access to all commercial units within the...
JTC Corporation on Wednesday said its net allocation of prepared industrial land rose 5 per cent to 24.4 hectares in the second quarter of this year. That is up from the 23.2 hectares achieved in the previous quarter. According to JTC's Quarterly Facilities Report, healthy take-up by chemicals-related companies on Jurong Island provided support for the quarter's performance. Gross allocation in the...
The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Ubi Road 1 to developer Oxley Rising. The company submitted the highest bid of S$158.1 million for the site. The plot has a site area of more than 34,000 square metres and a maximum gross plot ratio of 2.5. The tender for the industrial site was launched on June 15 and closed on August 11. The land parcel was...
Developer Oxley Rising has submitted the highest bid of S$158 million for an industrial site at Ubi Road 1. The Urban Redevelopment Authority (URA) has closed the tender for the site after receiving 11 bids in total. Oxley's bid translates to about S$163 per square foot. The next highest bid of S$146.5 million came from joint bidders Qing Quan and Qingdao Construction. The over 34,000 square metre site...
Petrochemicals industry's impending growth requires 'land intensification' WITH the world's largest oil/petrochemical companies like ExxonMobil and PetroChina planning even more investments here, Singapore is studying how to intensify land use for the industry. This follows JTC Corporation's recent foray into building underground oil/chemicals storage caverns on Jurong Island and its plans for offshore...
An industrial site at Kaki Bukit Avenue 4 was launched for sale by public tender yesterday. It's one of three industrial sites scheduled to be sold under the Confirmed List in the second half of the government's Industrial Land Sale Programme. The Urban Redevelopment Authority said the land parcel at Kaki Bukit has a site area of about 3 hectares and has a maximum gross plot ratio of 2.5 with a lease...
JTC Corporation has started construction of the $30 million Components Manufacturing and Maintenance, Repair and Overhaul Facilities (CMMF) at Seletar Aerospace Park. The CMMF comprises seven standard factory buildings on a three-hectare site at the southern tip of the park and is intended for companies engaged in maintenance, repair and overhaul activities, and those that manufacture aerospace...
Total site area of 19.92 ha up for grabs The Ministry of Trade and Industry (MTI) has launched its Industrial Government Land Sales programme for the second half of 2010. There will be three sites in the Confirmed List and seven sites in the Reserve List, with a total site area of 19.92 hectares. The three sites on the Confirmed List are at Kaki Bukit Avenue 4, the plot at the junction of Yishun Street...