B1 and B2 Spaces in Industrial Buildings for Sale Singapore
With Purchasing Manager Index hovering above 50 since end 2016, the industrial property is gaining positive signs especially when macro economic factors are getting stronger.
In 2018, there will be an additional estimated 1.1 million sq m of industrial space. However, after 2018, the supply of new industrial space is expected to moderate to 722,000 sq m in 2019 and further moderate to 536,000 sq m in 2020. Such opportunities will be getting rarer.
Catch these while they are available and reasonable.
New Launches
Location: City Fringe - Lorong 21 Geylang
Developer: JVA Venture
- FREEHOLD Industrial Building located at Aljunied
- 5 minute walk to Aljunited MRT
- Only 19 units in total and 1 Canteen
- Space 21, estimated TOP is 4th Quarter 2022
- High ceiling height of 7 m
- Dual key layout
- Well-connected via Kallang Paya Lebar Expressway (KPE) and Pan Island Expressway (PIE)
- Accessible to the various type of conveniences and plenty of great food outlets
Price Guide
- Prices from S$1,9xx,xxx
- PSF from S$82x
- Sizes from 2,433sqft (226 sqm) to 2,508 sqft (233 sqm)
Location: Mandai Estate
Developer: ZACD Gp & Welletch Construction
Advantages:
- FREEHOLD full fledged food factory, B2 Industrial
- Only 47 units in total
- Ramp Up, able to accomodate 20 footer trucks
- Estimated TOP is 1st Quarter 2024
- High ceiling height of 5.6 m, with no void
- Loading bay for 20 footer trucks
- 5 units per level, suitable for bulk buy currently
- Well-connected via Bukit Timah Expressway (KPE), Seletar Expressway (SLE) and Kranji Expressway (KJE)
- Easy access to Woodlands Regional Centre and Causeway
Price Guide
- Prices from S$2,1xx,xxx
- PSF from S$1,2xx
- Sizes from 1,701sqft (158 sqm) to 2,928 sqft (272 sqm)
Only Units Left!!! (as of 1 Dec 2021)
Location: Pandan Loop
Developer: Chui Teng (known for quality and detail planning)
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Exquisite 10 storey Ramp Up Food Factory, ready for central kitchen, cold storage and food production
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CT FoodChain is purposefully designed with High Specifications for Food Factory such as the floor is 7.5 cm lower for easier washing and the exhaust is outside the unit
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Located within Pandan Food Zone with many food suppliers
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It has great connectivity to various expressways and the future Greater Southern Waterfront
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The layout of the unit is highly functional with a high ceiling height
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Under construction, estimated completion in September 2023
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Attractively Priced
Price Guide (Limited Units Left)
- Prices from S$2,8xx,xxx
- PSF from S$8xx
- Sizes from 3,143 sqft (292 sqm) to 3,272 sqft (304 sqm)
INSpace
(FREEHOLD B1 - Smart Industrial)
Location: Upper Paya Lebar Road
Developer: SLB-Oxley (NIR) Pte Ltd
Architect: AC Consortium
- FREEHOLD, a legacy for generations to come
- Next IN thing in Industrial Space
- Free shuttle bus to Tai Seng MRT Station
- Functional, Flexible Layouts
- Estimated TOP in September 2022
- Priced to Sell
Novelty Techpoint
(Industrial B1 - Light & Clean Industries, Limited Units)
Location: New Industrial Road
Developer: Novelty Group (known for quality and exquisite furnishings)
- FREEHOLD Industrial Building located off Upper Paya Lebar Road
- Full condominium like facilities for business owners and staff
- Novelty Techpoint is 8 minutes walk to Bartley MRT station
- 1st in history with Dual key concept in Industrial building
- Well-connected via Kallang Paya Lebar Expressway (KPE) and Pan Island Expressway (PIE)
- Accessible to the various type of conveniences and a Short drive away to the upcoming Paya Lebar Commercial Hub
- Property is completed, ready for immediate occupation
Shine @ Tuas South
(B2 - Suit Almost All trades)
Location: Tuas South Link 1
Developer: Beacon Properties
Architect: AC Consortium
- Brand New Bs Factory
- Next to future Tuas Mega Port
- Top Level up to 8.8 m ceiling height
- Multiple Purchase may enjoy better discounts
Singapore Industrial Property Sector
URA Requirements
To ensure that limited industrial land is used mainly for industrial uses, the URA requires at least 60% of the total floor area of an industrial development to be used for core industrial activities. However, URA recognises that certain non-industrial activities, such as ancillary offices1, staff canteens and showrooms are needed to support the predominant industrial uses. Hence, such supporting non-industrial uses, together with other ancillary areas (e.g. lift lobbies and circulation spaces) are allowed to occupy up to 40% of the total floor area of an industrial development.
JTC
Based on JTC 4th Quarter 2017 report, occupancy rate rebounded by 0.3% for the overall industrial market. Prices and rental continued to be moderate. In 2018, 1.6m sqm of industrial space are expected. However, new supply will taper in the coming years, causing prices and rental to start to stabilize with better occupancy rates.
Trend
It is a known fact that the manufacturing segment of Singapore is evolving, driven by key segments such as e-commerce, logistics and semiconductors with gadgets getting smarter. The use of most industrial spaces will changed accordingly. The Government will continue to monitor the industrial property market closely to ensure that the diverse needs of industrialists are met. Appropriate measures will also be introduced where necessary to promote a stable and sustainable industrial property market.
In 2016 and 2017, about 2.9 million sqm and 1.6 million sqm of industrial space is estimated to come on-stream respectively. This constitutes about 6% and 3% of current available stock.
Come 2019 onwards, new supply especially in the Central, East and North East of Singapore will be much lower.
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CosySingapore Consultants
Commercial Properties Singapore
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Hotline: +65 6100 8123
Email: CosySingapore@gmail.com