Tag Archives: Tuas

Industrial B2 space for rent in Tuas At $4K.

Tuas is the up and coming industrial hub in town.

Industrial B2 unit for rent. 2744sqft @ $4k. Call David King at 94772121 for more details

https://www.google.com/maps/d/edit?mid=zC0TlMUVJ3CY.kzNj0WAuqpl0&usp=sharing

http://www.sgbayhomes.com/19331780

Westlink One is a 60-year Leasehold commercial property located at 1, Tuas View Place, 637433 in District 22. Westlink One is primarily used for Factory/Workshop (B2) rental and sale. Westlink One is near to several bus stops located at Tuas South Avenue 5.

Amenities near Westlink One

Westlink One is near to several eateries located at nearby buildings such as 2 Tuas South Avenue 2. Westlink One is accessible via Tuas South Avenue 5, Tuas South Avenue 8 and Tuas View Place.

MTI releases fewer industrial sites for sale this year

TWO industrial sites that can be used to build strata-titled units have been put on the confirmed list for sale in the first half of next year – one fewer than the allocation in this six-month period.

The move is part of an ongoing government strategy to taper the supply of industrial space.

The two sites listed yesterday under the Industrial Government Land Sales Programme can be sub-divided so the winning bidder can sell smaller units or custom-build its own facilities.

Consultants applauded the move to cut the number of such sites, citing a looming supply of strata units in the pipeline. There are about 10 large industrial projects under construction, with a total gross floor area of 5.39 million sq ft from sites sold this year.

About 44.2 million sq ft of factory space is slated for completion by the end of next year, said the Urban Redevelopment Authority.

“This should bring some relief to developers of industrial projects with a significant number of unsold strata units,” said Mr Nicholas Mak, research head at property firm SLP International.

The Ministry of Trade and Industry (MTI) rolled out nine confirmed list sites yesterday with a total area of 6.46ha. They will go on sale in the first half of next year regardless of interest from developers. This is down from the 12.06ha placed on the industrial land sales programme in the second half of this year. Demand in this segment slowed after stamp duties were slapped on sellers last year to discourage speculative trading of industrial properties.

Eight of the nine confirmed sites are zoned Business-2, which allows heavy industrial use, and have leases of 20 years, the shortest for such sites. These parcels are likely to draw industrialists who have been calling for more space to expand and develop their production facilities, said experts.

The ninth site is earmarked for light and clean industrial use.

A 1.37ha plot in Woodlands Avenue 10 and a 0.6ha parcel in Ubi Avenue 1 – both on the confirmed list – are targeted for a possible “multiple-user development”.

The 20-year leasehold Woodlands site is the second parcel with a sizeable area and short lease to be released, following a 1.63ha site in Penjuru Road snapped up by logistics and warehousing firm UBTS for $9.3 million last Wednesday.

The confirmed list also includes three plots in Tampines Industrial Drive. Construction firm Lian Beng’s successful bid for a nearby site at $64.4 million – or $87.34 per sq ft per plot ratio – last month indicates the demand in the area.

Mr Mak said industrialists from the wafer fabrication and semiconductor industries are likely to be drawn to the area. Each site can yield 71,042 to 87,188 sq ft of gross floor area.

If the five plots from the reserve list announced yesterday are included, 14.04ha of industrial land are potentially up for grabs. Sites on the reserve list go on sale only if an acceptable minimum bid is submitted.

Separately, the MTI said buyers of industrial sites launched from Jan 1 will not have to build a goods lift and loading bay if the site is a “full ramp-up development” – industrial buildings that allow vehicles direct access to units on each floor. But other multi-storey industrial buildings with four storeys or more must have a service lift designated for goods.

MTI industrial sites for sale 2015

http://business.asiaone.com/news/fewer-strata-titled-industrial-sites-sale

Click to access Press%20Release%20-%201H%202015%20IGLS.pdf

JTC releases 3 industrial plots

JTC Corporation has launched three land parcels for sale under the Industrial Government Land Sales (IGLS) programme: Two Confirmed List sites at Tuas South Street 11 and Tampines Industrial Drive, and one Reserve List site at Tampines Industrial Drive.

In a news release on Tuesday (Nov 25), JTC said all three are zoned for Business-2 development. The 1-ha site at Tuas South Street 11 has a 20-year six-month tenure with a maximum permissible gross plot ratio of 1.0, while the 0.5-ha site at Tampines Industrial Drive has a tenure of 20 years and a maximum permissible gross plot ratio of 1.4. The tenders for both sites close on Jan 20, 2015 at 11am.

The 0.6-ha Reserve List site at Tampines Industrial Drive also has a 20-year tenure and a maximum permissible gross plot ratio of 1.4, JTC said.

Confirmed List sites go on sale regardless of interest from developers, while Reserve List sites are triggered for a public tender only if a developer makes an acceptable opening offer.

http://www.channelnewsasia.com/news/business/singapore/jtc-launches-three/1492528.html

Amgen opens next generation facility in Tuas

American pharmaceutical giant Amgen officially opened a $200 million biomanufacturing facility in Tuas yesterday.

The 120,000 sq ft plant, the company’s first manufacturing site in Asia, will produce a drug substance used to treat osteoporosis and bone-related disorders in cancer patients.

Amgen plans to start building a second facility next door by the middle of next year. This plant will make an ingredient for a drug that treats multiple myeloma, a cancer of plasma cells.

Amgen has hired more than 70 local employees for its new plant, with plans to increase the headcount to 200 in the coming years. The company previously did not have a presence here.

The plant, which was constructed in just 15 months, is about 75 per cent smaller than a conventional biologics facility but, even so, it can manufacture the same quantity of product – about a tonne a year.

The processes at the plant are more cost-effective, too: The cost per gram of the product is about a third that achieved at Amgen’s facilities elsewhere, said its executive vice-president of operations, Mr Madhu Balachandran.

Amgen chairman and chief executive Robert Bradway said yesterday: “We hope to apply this next-generation plant manufacturing model around the world.”

Singapore is now home to nine commercial-scale biologics manufacturing facilities.

The sector has created more than 6,000 jobs, around 80 per cent of which are held by locals, said Trade and Industry Minister Lim Hng Kiang at yesterday’s opening ceremony.

The Economic Development Board (EDB) is working closely with industry players to develop a pipeline of biologics talent here, he added.

The lack of regulatory talent and market fragmentation in Asia present a “significant challenge” to pharmaceutical companies in terms of product development and market access.

Mr Lim said the Government is working to address this issue – for example, by setting up the Centre of Regulatory Excellence, which aims to provide thought leadership in developing regulatory policy and promoting regulatory innovation while sharing industry best practices.

– See more at: http://business.asiaone.com/news/us-biotech-giant-amgen-opens-200m-plant-tuas#sthash.HtHRIsh4.dpuf

JTC Chemicals Hub — a ready specialised premises for SMEs in the industry

SMALL and medium enterprises (SMEs) can soon access a suite of plug and play solutions at the JTC Chemicals Hub @ Tuas View, Singapore’s first multi-user and high-rise specialised development designed to house chemical companies involved in the manufacturing, blending and distribution of chemicals, including chemicals classified as dangerous goods.

The JTC Chemicals Hub, which is estimated to cost S$67 million, is designed with safety-compliant features, such as enhanced fire protection systems to facilitate safe handling of chemicals, and shared facilities such as fire-water retention tanks and a centralised foam system.

Strategically located near Jurong Island, Tuas Biomedical Park, Tuas Industrial Estate, Lube Park and the upcoming Tuas Port, the Chemicals Hub will bring chemical companies closer to their customers and will allow them to distribute their products and raw materials efficiently, said JTC.

The hub is situated on a 1.6 hectare site, and consists of 14 modular units of 1,200 square metres each.

The development comprises a three-storey production block and a five-storey annex block to cater to R&D activities. The annex block will also house light industrial and ancillary offices. By clustering the companies in a single development, companies can achieve land savings of up to 50 per cent, said JTC.

“We understand that a chemical company taking up just one unit of 1,200sqm of space in a normal factory for their manufacturing and storage operations would have to incur at least half a million dollars in capital investments to install such safety measures, and that will also increase the set-up time of about three more months. If they were to set up in JTC Chemicals Hub, they would be able to save this amount and shorten the set-up time correspondingly,” noted JTC chief executive officer Png Cheong Boon in his welcome address at the groundbreaking event on Friday.

Today, the chemical sector is the largest contributor to Singapore’s manufacturing output, accounting for about one third, according to 2013 figures.

The hub joins other infrastructure solutions such as the Jurong Island and the recently opened Jurong Rock Caverns. Separately, private sector players such as Vopak and SK Gas will be jointly developing the first LPG facility in Singapore, which will provide an alternative feedstock for companies on Jurong Island.

The construction of JTC Chemicals Hub @ Tuas View is slated for completion by the second quarter of 2016.

Amendment note: Quote has been amended to better reflect that SMEs enjoy these savings if they take up space in the chemical hub. 

http://www.businesstimes.com.sg/real-estate/plug-play-ahead-for-smes-in-chemical-sector

New Tua sites launched

JTC yesterday launched for sale two far-flung sites at Tuas Bay Close and Tuas South Street 7 (Plot 44) under its H2 2014 Industrial Government Land Sales (IGLS) programme.

JTC said their different land tenures and plot sizes were aimed at catering to different groups of industrialists – those who prefer to buy strata-titled industrial property and those who want the flexibility to custom-build their own facilities on smallish sites.

The 2.7ha site at Tuas Bay Close is one such site that can be strata-subdivided for sale. It is zoned for B2 development, for heavier and more pollutive industrial use such as metal stamping, welding and chemical processing. It comes with a 30-year tenure with a maximum gross plot ratio of 1.7, which means it can be developed into a project with up to 4.6ha gross floor area.

Analysts expect the plot to attract two to five bids, with a winning bid of S$65-80 psf per plot ratio (psf ppr).

Separately, the 0.5ha site at Tuas South Street 7 (Plot 44) was successfully triggered for sale from H1 2014’s reserve list with a minimum bid price of S$3.527 million.

A site on the reserve list is launched for tender only upon successful application by a developer, while confirmed list sites are launched according to schedule, regardless of demand.

This site is also zoned B2 and has a 20-year- 10-month tenure and a maximum gross plot ratio of 1.0. Analysts said this site will likely attract interest from contractor-developers (developers with construction and engineering arms, e.g. Koh Brothers) and average-sized industrialists.

A plot of this size would save these industrialists the need to amalgamate adjacent small sites, said R’ST Research’s director, Ong Kah Seng.

“The end-product on the site is likely to be a no-frills, low-rise single-user factory. Space allocated for such uses is set to diminish as Singapore trends towards modern, high-tech, and value-added industrial activities in sync with its global city image.”

He added that most of the sites to be released by the government in the second half are fairly large, so bidders of this site may bid competitively amid the limited new supply for such “rare” sized Tuas industrial plots.

Five to 10 bids are expected, with the winning bid anywhere between S$68-100 psf ppr.

SLP International research head Nicholas Mak believes the party who triggered this site may want it for corporate strategic reasons. “If this site were launched for tender as a confirmed list site, the possible range of top bids could be lower,” he said.

The tender for the Tuas Bay Close plot closes on Sept 23, while that for Tuas South Street 7 (Plot 44) closes on Sept 9.

The government has been releasing many Tuas sites in recent years to cater to industrialists’ end use – both small plots for those with affordability constraints and bigger ones for major industrialists with mega industrial operations.

These sites are also less likely to attract speculators and investors because of their remote locations, and for B2-zoned plots, their grimey nature. Shorter tenures, while posing some loan financing challenges, further boost their affordability.

http://www.businesstimes.com.sg/premium/singapore/jtc-launches-2-more-tuas-sites-sale-20140730