What is URA 60/40 Rule? 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 building to be used for core industrial activities. However, URA recognises that certain non-industrial activities, such as ancillary offices, staff canteens and showrooms are…
Thоugh іt’ѕ оftеn ѕаіd that commercial рrореrtу vаluеѕ іnсrеаѕе by аbоut 8- 10% each уеаr іn Singapore, thіѕ is not соnѕtаnt еасh аnd every уеаr. Vаluеѕ tend to rise іn waves. In some years thеrе wіll be ѕtrоng grоwth аnd іn оthеrѕ thеrе wіll bе nо growth аnd іn every commercial рrореrtу сусlе there…
Below are the most commonly used leasing terminologies in commercial property rental agreement / tenancy agreement. We hope it provides the reader a better understanding to those terminologies and the office leasing procedures in Singapore Security Deposit A refundable security deposit between 3 to 6 months’ gross rent is normally payable by the tenant upon…
Considering аn investment іntо commercial рrореrtіеѕ іn Sіngароrе? Here are ѕоmе things you ѕhоuld knоw fіrѕt. From buіld-tо-оrdеr рublіс flats, mass-market соndоmіnіumѕ, іntеgrаtеd рrоjесtѕ and hіgh-еnd condominiums, Singaporeans аrеn’t аfrаіd tо dаbblе іn the dіffеrеnt tіеrѕ of the rеѕіdеntіаl property market. However, many аrе hesitant whеn іt соmеѕ to trеаdіng іntо thе unknоwn rеаlm оf…
Commercial property leasing procedures varies from country to country. Whether you are a newly set-up company or foreign company looking to set up a presence in Singapore, may this Office Leasing Guide provide a better understanding towards the common practices in Singapore. Hope it can assist you better in the process of sourcing and ultimately…
District Location Postal 1 Battery Road Cecil Street Cross Street Eu Tong Sen Street Havelock Road Marina Maxwell New Bridge Raffles Link/ Place Republic Boulevard Robinson South Bridge Road Telok Ayer Temasek Avenue Temasek Boulevard Upper Cross Sreet Upper Pickering Street 01 02 03 04 05 06 City – Business District District Location Postal 2…
Industrialists’ sublet quantum slashed by 20%. The JTC has unveiled new subletting policies for industrialists who wish to establish their businesses on JTC land. From October 2014, major tenants will only be allowed to sublet 30% of a building’s gross floor area, down from 50% in the current rules. According to the JTC, 30% of the…
ABSD (Additional Buyer Stamp Duty) is different from SSD (Seller Stamp Duty). SSD is applied on Private Residential Property and Industrial property but excludes Commercial Property (eg. Office, Retail shop, Medical Suites) Seller Stamp Duty (SSD) for Private Residential Property was previously imposed for 4 years within property purchase however, it was reduced to a…
Demand for industrial warehouse space and modern distribution centers remains strong with London, Hong Kong and Singapore taking the lead industrial warehouse rental.
URA has stepped up their checks since last year on possible misuse of industrial space by breaching the 60 -40 rule. Even developers have not been spared the rod. Midview Development and Sin Soon Lee Realty are the two developers that have been warned. Both set up their office in a strata industrial building they…
INDUSTRIAL property prices fell unexpectedly in the last quarter of 2012 – the first decline in three years and a sign that caution is taking hold among investors. Prices fell 0.7 per cent compared with the previous three months after climbing for 12 straight quarters, according to the Urban Redevelopment Authority (URA) yesterday. Overall, the…
The government has announced the 7th round of property cooling measure since 2009 and it is the most comprehensive set of measures so far. These measures take an immediate effect from 12 Jan 2013.
Despite the governmental measures such as halving the maximum industrial land tenure to 30 years, and introducing restrictions on subdivision in selected sites and requiring strata units to be at least 150 sq m, prices of industrial properties continued to rise rapidly, with the industrial property prices increasing by 26.7% from Q1 –Q3, and rents…
The shabby and rambling Defu Industrial Estate is all set to be transformed into a gleaming, modern industrial park – with five times the current factory space and a city centre by its side. The initial phase is expected to cost $1.3 billion. The transformation will take place over the next 15-20 years, with existing…
Owners hold commercial, industrial units for barely three months before flipping them. SPECULATION seems rife in the strata- titled commercial and industrial property sectors with many new units being held for barely three months before they are flipped. Commercial units launched this year are being held for only an average of 60 days before being…
INDUSTRIAL landlord JTC will continue to ensure a steady supply of space for small and medium-sized enterprises (SMEs), Trade and Industry Minister Lim Hng Kiang noted in a written parliamentary reply released yesterday. Click here for a full release of the statement. He was responding to Ang Mo Kio GRC MP Inderjit Singh, who asked…
The rising number of investors flipping their industrial units for a profit has caught the eye of the Government. It has warned that fresh measures might be introduced if prices do not moderate. A Ministry of Trade and Industry spokesman told The Straits Times it has observed a “rising incidence of short-term flipping in the…
12 June 2012 New guidelines on allowable spaces for religious activities The Urban Redevelopment Authority (URA) and the Ministry of Community Development, Youth and Sports (MCYS) have jointly issued new guidelines on land development and use of space for religious activities. These guidelines will take immediate effect. 2. The Government acknowledges the need for space…