Industrial Space | Lush Dream Home

Tag Archives: Industrial Space

Weak demand for factory space

Posted on 29 Sep 2009 | Comments Off

Sales of industrial space are at their lowest since 2000, while rents slide, but the worst may be over, says DOMINIC PETERS

WHILE most economic indicators point to an improvement, the industrial property market remains depressed today as the weak business environment is likely to persist, with global demand still subdued. The first eight months of the year saw 436 industrial sale transactions, a drop of more than 45 per cent from the corresponding period last year, according to caveats lodged. This is the lowest volume since 2000.

Weak demand for industrial space continues to weigh on industrial rents and prices this year. The average monthly rents of Savills’ basket of prime flatted factories and warehouses in central Singapore slid lower in Q3. Flatted factories saw rents slip to S$1.35 – S$1.65 per sq ft, from $1.70 – $2.00 psf in Q4 2008. Warehouses saw a slide from $1.70 – $2.10 psf at the end of 2008, to S$1.25 – S$1.55 psf.

High-tech industrial rents are also experiencing downward pressure as relocation of office users to high-tech industrial space slows down. Office users are now less inclined to relocate to high-tech industrial space as asking office rents in the CBD have fallen significantly and office landlords keen to retain their existing tenants are offering extras like rental concessions and fitting out costs. Consequently, average monthly high-tech rents fell from a high of S$2.50 – S$3.80 psf in 2008 to S$2.40 – S$3.20 psf recently. For instance, monthly asking rents of high-tech industrial space in city-fringe areas like Frontech Centre dipped from about S$4 psf in Q1 to S$3.60 per sq ft in August. Continue reading →

Comments Off on Weak demand for factory space

Posted in Office / Retail / Industrial

Tagged Industrial Rental, Industrial Space, Singapore Industrial

A place to work, live, play and learn

Posted on 22 Sep 2009 | Comments Off

Fusionopolis is nothing like the large cold test bed that people often mistake scientific research centres to be

HUSHED laboratories, complex equipment and stern researchers in white coats – these are the stark images that most people associate with scientific research centres. But step inside Fusionopolis, and it becomes clear that the place is nothing like a large, cold test bed. Singapore’s major research hub for the science, engineering, infocommunication and media industries is decked with sky gardens, restaurants, a fitness centre and even a theatre.

For fun: With recreational facilities like a fitness centre that would rival a small mall’s, Fusionopolis is not just a place for working hard, but for playing hard too. And its doors are open to both researchers and the public

With recreational facilities that would rival a small mall’s, Fusionopolis is not just a place for working hard, but for playing hard too. And its doors are open to both researchers and the public.

Fusionopolis ‘will provide an exceptional environment for the integration of working, living, playing and learning’, says JTC Corporation in its FY2008 annual report

Eating well

There is hardly a reason for anyone at Fusionopolis to go hungry when there are plenty of food and beverage outlets around.

For the daily dose of caffeine, there is Starbucks Coffee, Black Canyon Coffee or Ya Kun Toastwich (this Ya Kun outlet is said to be one of only two in Singapore which sells sandwiches).

There is also a wide variety of establishments catering to the Asian palette, from Koryo (Korean) Restaurant, Shin Nichi Japanese Restaurant to Fai Gor Hong Kong Cafe. Western food is available from Eighteen Chefs Trattoria, and patrons can catch jam sessions on some Tuesdays. Continue reading →