The Urban Redevelopment Authority (URA) has launched an industrial site at Woodlands Industrial Park E5 for sale by public tender. The site has an area of 1.68 ha and is zoned for a Business 2 development. The tender for the site will close at noon on July 22. The URA also released the detailed sales conditions for a reserve list site at Kallang Pudding Road for industrial development. The 0.57 ha site...
Singapore Industrial
Investment sales level in the Singapore property market in the first quarter of 2008 was similar to that in the fourth quarter of 2007 despite deepening concerns regarding the US economy. A report by DTZ Debenham Tie Leung said a total of S$8.4 billion worth of transactions was concluded, a slight increase of one per cent quarter-on-quarter. The office sector was the best performer with S$3.4 billion in...
A S$300 million warehouse store will be open in Jurong East in the last quarter of 2009. The company behind the Big Box project, TT International, said the Jurong warehouse will be its flagship store. Sitting on a 5.6-hectare site near the Jurong East MRT station, the outlet will be as big as 27 football fields put together with a total gross floor area of 120,000 square metres. About 30 per cent of the...
The tender for an industrial site at Playfair Road has attracted strong bids. There were 12 bids for the 8,600 square metre site. The highest bid of S$33 million was submitted by Trio Link Development. It works out to about S$142 per square foot per plot ratio. According to property consultants CB Richard Ellis, this was the highest bid ever for a 60-year leasehold industrial site. The Playfair Road...