Property consultancy Colliers International has launched the tender of a freehold industrial site at No.21, Kim Keat Road at an asking price of S$42 million. That works out to S$734 per square foot per plot ratio. This includes a possible development charge of S$25 million. Under the 2008 Master Plan, the site is zoned for 'Business 1' use. But the Urban Redevelopment Authority (URA) would consider...
Singapore Industrial
It's clear skies for the industrial investment market with the influx of foreign investors, say LEE PEI YING and DONALD HAN THERE has been a change in foreign investors' perception of the industrial market over the last 10 years. Industrial properties have evolved from being a non-core investment product to a preferred asset class. This became more marked around 2008. Before that, en bloc industrial...
From Seletar Aerospace Park to Biopolis and Fusionopolis, estates showcase green technologies for a sustainable environment DEVELOPING industrial parks used to be relatively straightforward - clear the land, build the factory blocks and companies will come and set up their production lines. But JTC Corporation's job has got more complex over the years as Singapore's manufacturing sector moved up the...
It will be a 'seed' building to testbed and showcase innovative green solutions The first building at Singapore's CleanTech Park is expected to be up by end 2011 at a cost of $90 million, JTC Corporation said yesterday. With a gross floor area of 403,646 square feet, CleanTech One is expected to house about 40 green tenants, such as cleantech companies' headquarters, firms financing cleantech activities,...
Phase two project studies over; Pulau Sebarok likely site SIGNALLING practically a go-ahead for offshore oil/petrochemicals storage here, JTC Corporation said it is now progressing to prepare construction tenders for the very large floating structures (VLFS), following its completion this month of phase two project studies. 'Moving forward, JTC is targeting to call a tender for the technical consultant...
Singapore's first eco-business park will have a new S$90 million building called CleanTech One. The building is the first structure for the CleanTech Park, and is due to be completed in December next year. JTC Corporation, the industrial landlord, announced this at a news conference on Monday. The two towers of the building have been designed with green sustainable features, including sky trellises that...
THE Urban Redevelopment Authority has launched the tender for an industrial site next to Seagate's facility in Woodlands. An unnamed developer has agreed to bid at least $25 million or $28.78 per square foot per plot ratio (psf ppr) for the 60-year leasehold plot. The site is zoned Business 1, which means light and clean industry and warehouse uses are allowed. The 347,451 sq ft land parcel can be built...
An industrial site at Woodlands Avenue 12 has been put up for sale by public tender. The Urban Redevelopment Authority (URA) said a developer has committed to bid at least S$25 million for the land parcel. The land parcel, which has a lease period of 60 years, has a site area of about 3.2 hectares and a maximum gross plot ratio of 2.5. It can be developed for a variety of uses under "Business 1"...
How JTC is employing green strategies for its upcoming CleanTech Park, and its project on air temperature prediction IS IT possible for an agency to promote industrialisation and environment protection at the same time? As contradictory as these two aims sound, they have been central to JTC Corporation's work in recent years. In a way, JTC is moving with the times. As the dangers of global warming come...
Engineering and advanced packaging solutions provider Ellipsiz has agreed to sell its interest in a building at 12 Joo Koon Crescent for S$4.4 million. The firm is expected to book a net gain of S$1.7 million from the sale. Ellipsiz said the proposed sale will enhance its financial position and increase its working capital. The property is a factory-cum-office building, whose lease is due to expire in...