The tender for an industrial site at Pioneer Road North has been awarded to private developer KNG Realty. The company had placed a bid of S$19.4 million for the site, or S$48 per square foot. The Urban Redevelopment Authority had received eight bids for the site. It was offered for sale in November on a 30-year lease. The site is intended to be used for clean or light industry, warehousing, public...
Singapore Industrial
Property developer Kng Realty has submitted the highest bid of S$19.4 million for an industrial site at Pioneer Road North. The Urban Redevelopment Authority (URA) has closed the tender for the site after receiving eight bids in total. The next highest bid came from Sia Kong Wah & Gimp Investment at S$18 million. Kng Realty's bid translates to about S$48 per square foot. Li Hiaw Ho, executive...
The Urban Redevelopment Authority (URA) has released a site at Woodlands Avenue 12 for sale from the Reserve List. The plot of land, which is meant for industrial development, will have a site area of about 3.2 hectares. It can generate a maximum gross floor area of 32,279 square metres and has a 60-year-lease period. URA said the site can be developed for a variety of uses under "Business 1" zoning....
Mainboard-listed Soilbuild Group has been appointed by Kolette, a subsidiary of CSC Holdings, to manage and market a S$51.7-million business space development project in Tuas. The development will consist of 70 single, double and three-storey high terrace factory units, ranging from 3,000 to 6,000 square feet each. Under the agreement with Kolette, Soilbuild will receive a portion of these units for...
The Urban Redevelopment Authority (URA) has released for sale a site at Kaki Bukit Avenue 4 for industrial development. The land parcel has a site area of about three hectares and a gross plot ratio of 2.5. The site will have a lease period of 60 years. The site is being released under the government's Reserve List. Under the Reserve List system, a site would only be put up for tender if a developer's...
The government has launched an industrial site at Pioneer Road for sale by public tender. It was made available for sale through the Reserve List system after a developer committed to bid at least S$8.2 million for the site. The 30-year leasehold land parcel has a site area of about 1.9 hectares and a maximum gross plot ratio of two hectares. The tender will close on December 9. Singapore’s Urban and...
SembCorp Marine is building a new 206-hectare yard facility in Tuas in three phases over the next 16 years. SembCorp Marine said on Wednesday the first phase will have ship repair and conversion facilities, and will have three-and-a-half times the capacity of the current yard at Pulau Samulun. The rig-builder expects the new yard to boost productivity by as much as 20 per cent from a reduced product...
The Urban Redevelopment Authority (URA) will launch a tender for an industrial site at Pioneer Road North and Soon Lee Drive. The land parcel was previously placed under the reserve list system. It has an area of 1.9 hectares and a lease period of 30 years. Under the system, a site would be released for sale only if it receives a bid with a minimum price that is acceptable to the government. An unnamed...
Forest canopies keep temperatures in our nature reserves cooler, so could a similar concept have the same effect in our business parks? Singapore's leading industrial landlord intends to find out, and if it works, industrial clusters here are set to turn a shade of green. The Green Roof Trellis concept by JTC Corporation aims to lower temperatures in these parks by 2-3°C – which would reduce energy...
An industrial site at Kaki Bukit which attracted a record number of bids has been sold to highest bidder, Kng Development Pte Ltd, for S$12.1 million. The 115,342 square foot plot in Kaki Bukit Road 2 was launched for public tender on July 14, after an application bid of S$5 million was submitted. Eighteen offers were made by the end of the bidding period – the most ever received for an industrial...