Search Articles

in

Recommended For You

JTC launches 'future-ready' industrial facility
JTC launches 'future-ready' industrial facility

The Business Times -
22 May 2014

Next gen building comes with bells and whistles for high-tech manuf...


Eunos Industrial Estate tenants to be relocated ahead of redevelopment
Eunos Industrial Estate tenants to be relocated ahead of redevelopment

The Straits Times -
26 Mar 2014

HUNDREDS of tenants in 26 blocks at Eunos Industrial Estate will be...


Mapletree signs $250m deal to build facility for HP
Mapletree signs $250m deal to build facility for HP

The Straits Times -
22 Mar 2014

INDUSTRIAL landlord Mapletree Industrial Trust has inked a $250 mil...



Latest Industrial Ads

Featured Videos

Newsletter

Subscribe to receive the hottest news & property trends, updates on popular properties and promotions from STProperty & our partners

Industrial

JTC to roll out 6 more short-tenure sites

The six land sites cover a total of 7.6 ha, range from 10 to 23 years

The Straits Times - February 19, 2002
By: Lorna Tan

| More
JTC to roll out 6 more short-tenure sites

JTC CORPORATION yesterday announced it is releasing another six short-tenure industrial land sites following the success of the pilot Short-Tenure Land Launch (Stell) last November.

Singapore's largest industrial landlord said it 'will be rolling out Stell on a regular basis'.

The move to introduce short-tenure land was aimed at helping smaller companies obtain land for supporting manufacturing activities without having to commit themselves to the normal lease tenure of 30 years.

The lease terms for the newly rolled out six land sites, which cover a total of 7.6 ha, range from 10 to 23 years.

Of the six plots, all zoned for general industry, three are located in Kranji Industrial Estate and the rest in Jurong Industrial Estate.

The tender starts today and closes on March 12. The pilot launch last November saw a total of 19 applications for five out of six sites.

While three of these applications were for sites in Kranji Industrial Estate, the rest were for sites in Jurong Industrial Estate.

JTC said the average proposed posted rent of the successful applicants during the pilot launch was $19.86 per sq m per annum for the two Jurong sites and $20.20 per sq m per annum for the three Kranji sites. The average proposed plot ratio is 0.54 for the Jurong sites and 0.95 for the Kranji sites.

All five sites are currently being allocated to the successful applicants.

Property consultants have applauded JTC's move, saying it will give companies more choices in making real estate decisions in uncertain market conditions and could also help boost demand for JTC industrial land.

| More

Luxury homes face nearly $3m in losses in mortgagee sale

Luxury homes face nearly $3m in losses in mortgagee sale

The Straits Times - 24 Nov 2014

TWO luxury homes in Singapore are on the market at prices that would mean losses of nearly $3 million each as the local property market continues to weaken.


7,500 HDB flats launched, including the first ones in Tampines North

7,500 HDB flats launched, including the first ones in Tampines North

The Business Times - 26 Nov 2014

It is HDB's last Build To Order-cum-Sale of Balance Flats exercise for the year


Private property prices still elevated: MAS

Private property prices still elevated: MAS

The Business Times - 28 Nov 2014

This could mean call to roll back cooling measures premature

View articles from these categories

X

JTC Corp launches another 6 industrial sites

The Business Times - February 19, 2002