CACHE Logistics Trust on Monday said that it has signed a deal with Agility International Logistics for the proposed divestment of Cache Changi Districentre 3 for S$25.5 million. This price is in line with the independent valuation by CBRE on Nov 30, 2016. Cache Changi Districentre 3 is located in the Changi International LogisPark (North) and has a remaining land lease of about 17 years. The...
Singapore Industrial
All industrial land and properties under the Housing & Development Board (HDB) will be transferred to JTC in the first quarter of 2018, Minister for Trade and Industry (Trade) Lim Hng Kiang announced on Wednesday (Oct 19). The transfer, which will affect about 10,700 industrial units and 540 industrial land leases, will help the Government to better support small- and medium-size enterprises (SMEs), HDB...
AMAZON has signed a lease for nearly 100,000 square feet at Mapletree Logistics Hub - Toh Guan in the Jurong East area, sources have told BT. This is expected to serve as a fulfilment centre for its e-commerce business as well as offices. Operations are expected to begin in two months. Mapletree Logistics Trust (MLT), the owner of the six-storey ramp-up warehouse facility, declined to comment when...
No significant market impact or policy changes are expected from the announced transfer of industrial units and industrial land leases from the Housing & Development Board (HDB) to JTC Corporation, especially since there will be no change to the contracted terms and conditions of existing HDB industrial tenancies and leases. But what's notable is the beefing up of JTC's role as an industrial landlord...
INDUSTRIAL land and properties currently under the Housing & Development Board (HDB) will soon be consolidated under JTC Corporation (JTC) to better support small and medium-sized enterprises (SMEs) in their business growth. Minister for Trade and Industry Lim Hng Kiang on Wednesday announced that in the first quarter of 2018, some 10,700 industrial units and 540 industrial land leases under HDB will be...
CONSTRUCTION firm Lian Beng Group announced on Monday it has acquired Khong Guan Industrial Building, an eight-storey freehold building at 20 Mactaggart Road, for S$31 million. The deal was done through Lian Beng's wholly owned subsidiary Smooth Venture. The light industrial building has a gross floor area of 57,019 square feet. The purchase amount means the price per square foot is approximately...
AMID stringent government policies, private property owners require astute advisers to hunt for viable investment opportunities in a tight industrial property market. Singapore's industrial landscape has undergone notable shifts in ownership and policies over the past decade, as the economy progressed in diversity and value-added activity. In the decade from 1997 to 2006, an average 21 per cent of...
AMID stringent government policies, private property owners require astute advisers to hunt for viable investment opportunities in a tight industrial property market. Singapore's industrial landscape has undergone notable shifts in ownership and policies over the past decade, as the economy progressed in diversity and value-added activity. In the decade from 1997 to 2006, an average 21 per cent of...
Average industrial rents island-wide could fall 6-8 per cent year on year in the fourth quarter of 2016, as industrialists take bold consolidation and relocation steps to cope with challenging business conditions, said a Knight Frank report released on Friday. Rentals have fallen 4.4 per cent cumulatively for the first half of this year, according to official data from JTC. Tan Boon Leong, executive...
AS part of its global exercise to go asset-light, Wartsila Singapore - the Singapore unit of Finland-listed marine and energy player Wartsila - is putting up five industrial properties here for sale via an expression of interest (EOI). Two properties located at 11 Pandan Crescent and 14 Benoi Crescent will be sold on sale-and-leaseback arrangements, while the other three properties at 43, 45 and 47 Gul...