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URA cracks down on misuse of factory units

THE Government has wasted no time in tackling a thorny problem that had sprung up over the wrong type of tenants using factory space to get cheap rent. The prompt action seems to have been set in train by a no-nonsense blog post by National Development Minister Khaw Boon Wan last week. He suggested that […]

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industrial_small

Shoe-box factories and unlawful tenants

THE shoe-box factory has caught the national development minister’s attention, and it’s not all good. Writing in his blog, Khaw Boon Wan said that shoe-box apartments serve a purpose as many singles do find them adequate for their housing needs. ‘But shoe-box factories? As small as 50-80 sqm (smaller than a typical 7-Eleven shop)? Can a factory […]

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construction

Development charges dip for non-landed residential use

Straits Times – 01 Mar 12 Summary: Charges that developers pay to enhance the use of a plot of land have finally been reduced or left flat for some sectors, as the slowing property market takes its toll (I think it’s more for the luxury prime areas, rather than the rest of Singapore.) The new […]

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Home, retail, office rental growth to ease

Business Times – 25 Mar 2008 Housing rentals to rise 5-15% year-on-year in 2008: Knight Frank PRIVATE housing rents are expected to grow at a slower pace this year than last year, Knight Frank said in a report yesterday. The property consultancy firm expects a year-on-year rise of 5-15 per cent in 2008 – after […]

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JTC will still provide affordable industrial space: Hng Kiang

THE JTC Corp is not deviating from its role to provide affordable factory space, said Minister for Trade and Industry Lim Hng Kiang yesterday in response to a question on whether JTC is shifting its focus with its recent plans to divest its industrial properties into a real estate investment trust (Reit). This concern was […]

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Development fees may jump for non-residential sites

For residential areas where strong land sales have lifted values, charges could surge DEVELOPERS may soon have to pay more to redevelop non-residential sites such as land for hotels or hospitals. A key government fee for redeveloping sites will be revised again next month, and property consultants expect it to be raised for land used […]

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Playfair Rd site gets bullish top bid of $142 psf ppr

Sim Lian unit’s offer is whopping 63% above second highest bid A 60-YEAR leasehold industrial site at Playfair Road has attracted a top bid of $142 per square foot per plot ratio (psf ppr) from Sim Lian Development unit Trio Link Development – a record price for such a site in the Ubi/Paya Lebar/Eunos area. […]

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New industrial sites offered in first half of 2008

Land release to keep up supply, ease pressure on business costs ONE new industrial site – in Woodlands – will be put up for tender early this year, while three in north and central Singapore will be open for applications. The land release, announced by the Ministry of Trade and Industry yesterday, is designed to […]

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