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…