JTC Corp has launched a tender for an industrial land parcel in Tuas South Link 3, the third of six sites to be put up for sale from the confirmed list for the second half of 2018. The 5,953.3 square metre (64,081 square feet) Plot 27, which is bracketed by Tuas South avenues 7 and 16, comes with a lease tenure of 20 years and is being offered under the industrial government land sales scheme. The...
The latest cooling measures will put a dampener on residential collective sales, which have been driving big-ticket property transactions since the second quarter of last year. Given the volume of money in the global system in search of investible assets, investor attention may turn towards the industrial and commercial sectors, where regulations on the purchase and sale of properties are not as onerous...
Given the recent cooling measures affecting residential property purchases in Singapore, some investors could turn to alternative real estate investment classes such as industrial properties. This segment has opportunities, areas of growth, as well as challenges. Location is also a very important consideration. One area in Singapore that is attracting the attention of investors and industrialists is...
Social media giant Facebook on Thursday (Sep 6) announced it will pour in more than S$1.4 billion to construct its first data centre in Asia in Singapore. The new facility, located at Tanjong Kling (formerly known as Data Centre Park) in the west of Singapore, will span 170,000 sq m and will “support hundreds of jobs”, the company said in its press release, adding it will form part of its growing...
Vehicle inspection firm Vicom has agreed to buy a six-storey warehouse from Mapletree Logistics Trust (MLT) for S$22.4 million. The property, located at 531 Bukit Batok Street 23, will in time replace Setsco's present premises at Teban Gardens Crescent, which has been zoned for re-development under the government’s plans for the Jurong Lake District, Vicom said on Tuesday. MLT acquired the Bukit...
Two large interlinked warehouse buildings in Gul Industrial Estate are up for sale by expression of interest, said its sole marketing agent JLL. The sellers, an import and distribution business servicing the print industry, are relocating in order to optimise their operations, and are seeking offers in excess of S$13 million, said JLL. The property at 3 Gul Crescent near the Gul Circle MRT station has...
JTC on Monday said that it has accepted an application to put up an industrial site at Corporation Drive for sale by public tender. The land parcel was made available for application through the Reserve List system under the second half 2018 Industrial Government Land Sales programme. JTC said it had received an application with a committed bid price of at least S$20.7 million. "As the minimum price...
Google is building a third data centre in Singapore to meet rapid user growth in the region, bringing its total long-term investment in such facilities here to US$850 million (S$1.16 billion). The US$350 million facility will be in Jurong West near its first two centres. Google said the complex, which is expected to come online in 2020, will be built on a plot of land the size of the first and second...
JTC has launched one site for tender under the 2018 Industrial Government Land Sales (IGLS) programme, the government agency announced in a press statement on Tuesday. The launch is part of the government’s efforts to offer more choices for industrial development, and the site at Woodlands Industrial Park is the first of six confirmed list sites for the second half 2018 IGLS programme. Occupying a...
Interest in commercial and industrial property could shoot up as investors look for alternative opportunities following the latest tough new cooling measures for residential real estate, say experts. Retail investors who can afford a higher capital outlay could turn to strata-titled offices and conserved shophouses that are zoned commercial, said Cushman & Wakefield's senior director of research...
Compare listings
Compare