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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: 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

Location: Pandan Loop

Developer: Chui Teng (known for quality and detail planning)

  • Exquisite 10 storey Ramp Up Food Factory, ready for central kitchen, cold storage and food production

  • 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

  • Located within Pandan Food Zone with many food suppliers

  • It has great connectivity to various expressways and the future Greater Southern Waterfront

  • The layout of the unit is highly functional with a high ceiling height

  • Under construction, estimated completion in September 2023

  • Attractively Priced

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

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

Location: Kallang Avenue

Developer: Chiu Teng

  • Located at City Fringe, 130 m to Bendemeer MRT Station and 540 m to Lavender MRT Station
  • Surrounded by many eateries
  • Attractive to e-commerce business, easy for buyers to pick up goods.  Need to apply 40/60 B1 industrial restriction
  • Carpark ramp up to 5th Floor
  • Ceiling height of 4.6 m (potential for mezzanine)
  • Some units are tenanted (get immediate returns)
  • Property is completed, ready for immediate occupation

Location: Kallang Avenue

Developer: Chiu Teng

  • Located at City Fringe, 130 m to Bendemeer MRT Station and 540 m to Lavender MRT Station
  • Surrounded by many eateries
  • Attractive to e-commerce business, easy for buyers to pick up goods.  Need to apply 40/60 B1 industrial restriction
  • Carpark ramp up to 5th Floor
  • Ceiling height of 4.6 m (potential for mezzanine)
  • Some units are tenanted (get immediate returns)
  • Property is completed, ready for immediate occupation

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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Industrial for Sale 2020

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CosySingapore Consultants

Commercial Properties Singapore

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+65 6100 8123

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