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 site at the junction of Yishun Street 23 and Yishun Avenue 9, and the land...
Singapore Industrial
Rents for industrial space rose for the first time after falling from its peak in the third quarter of 2008. According to DTZ Research, average monthly rents of first-storey private industrial space rose 2.6 per cent quarter-on-quarter to S$2 per square foot, while upper-storey space rose 3.2 per cent quarter-on-quarter to S$1.60 per square foot per month. Rents for hi-tech industrial properties,...
The Urban Redevelopment Authority has launched an industrial site at Ubi Road 1 for sale by public tender. The land parcel has a 60-year lease period and a site area of about 3.5 hectares. The site has a maximum permissible gross plot ratio of 2.5 and can be developed for various uses such as clean and light industries. These industries include those related to computer software development, publishing,...
JTC Corporation has awarded the tender for the Industrial Government Land Sales site at Tampines Industrial Avenue 4 to Soon Hock Tuas Development. The company submitted the highest bid of about S$33 million. All in, JTC Corp received 10 bids. The industrial site, located within Tampines Wafer Fab park, spans an area of 5 hectares. It has a gross plot ratio of 0.64 to 0.8 which will yield a total Gross...
Developer Sim Lian Group, through its subsidiary Geo-Tele, has offered to sell its property at 9 Tai Seng Drive to Sabana Investment Partners (SIP) for S$46.3 million. The construction and property company said the offer price represents a premium of 78 per cent over the book value and presents an attractive opportunity for it to dispose of the asset. The firm will require the approval of JTC...
The Urban Redevelopment Authority (URA) has released details on the sales conditions for the Reserve List site at Pioneer Road North and Soon Lee Street. The plot of land, which is meant for industrial development, will have a site area of about 1.4 hectares. It has a gross plot ratio of 2.0 and a 30-year-lease period. The site is also situated near to Pioneer MRT station. Under the Reserve List...
Property consultant Colliers International says the industrial property market here has stabilised, with rents having bottomed out. In its latest bi-annual survey on industrial real estate costs across Asia Pacific, the firm says the stabilisation was on the back of a turnaround in the US and Euro-zone. In particular, export-oriented cities, like those in Singapore and China, posted strong double-digit...
The Urban Redevelopment Authority (URA) has awarded the tender for an industrial site at Woodlands Avenue 12 to Boon Keng Development Pte Ltd. URA said the company submitted the highest bid in the tender for the site. The tender was launched on 25 March 2010 and closed on 21 April 2010. The land parcel was offered for sale on a 60-year lease. Source : Channel NewsAsia – 27 Apr...
BOON Keng Development made the top bid of $65.2 million for an industrial site at Woodlands Avenue 12 in a government tender which closed yesterday. Boon Keng's bid, which works out to $75 per square foot per plot ratio (psf ppr), is 29 per cent higher than the second highest bid of $50.6 million ($58 psf ppr) submitted by TGFB Pte Ltd and more than twice the application bid which triggered the tender....
Boon Keng Development has submitted the highest bid of S$65.2 million for an industrial site at Woodlands Avenue 12. The price translates to about S$75 per square foot per plot ratio. The top bid is some 29 per cent higher than the second highest offer of S$50.6 million from Affluence Resource. Whye Wah Group put in the lowest bid of S$31 million. All in, the Urban Redevelopment Authority (URA)...