Examples of Major* Potential Supply of Factory (including Business Park) Space from 2015 to 2018
(As of 4Q 2014)
Project Name
Location
Developer
Estimated
Net Lettable
Area (sq ft)
Expected
Year of
Completion
(TOP)
Multi-User Factory
Win 5
15 Yishun Industrial
Street 1
Soon Hock Tuas
Development Pte Ltd
459,113
2016
Sin Ming AutoCity
Sin Ming Drive/
Sin Ming Road
Housing & Development
Board
460,942
2016
Loyang Enterprise
Building
56 Loyang Way
OKH Global Ltd
471,922
2016
UE BizHub Central
(expansion)
Ang Mo Kio Steet
64
United Engineers
550,697
2016
West Connect Building Buroh Street
Publique Realty (Jurong)
Pte Ltd
626,637
2016
JTC Food Hub @ Senoko
(factory component)
Senoko Drive
JTC Corporation
587,478
2017
Multiple-user Factory Woodlands Close
Wee Hur Development
Pte Ltd
897,090 2017
Nordcom Two
Gambas Avenue
Grow-Tech Properties
Pte Ltd
636,792
2018
Business Park
Equinix's third
International Business
Exchange data centre
(SG3)
26A Ayer Rajah
Crescent
Mapletree Industrial Trust
365,569 2015
DSO building (phase 2)
Science Park Drive
Ascendas Land (Singapore)
Pte Ltd
462,304 2015
MediaCorp
Headquarters
Ayer Rajah Avenue
(Mediapolis@onenorth)
Mediacorp Pte Ltd
684,584 2015
Ascent
2 Science Park Drive Ascendas Land (S) Pte Ltd 450,000 2016
Mapletree Business City
II (redevelopment of
The Comtech)
Alexandra Terrace/Pasir
Panjang Road
Mapletree Business City
Pte Ltd
1,142,566 2016
* refers to projects with estimated net lettable area of at least 300,000 sq ft
Source: JTC/Colliers International Singapore Research
4.2 DEMAND AND OCCUPANCY
Net new demand for all factory space which amounted to 7.3 million sq ft in 2014 was 2.2% YoY lower and
9.9% below the annual average net absorption of 8.1 million sq ft from 2004 to 2013. The softer take-up, amid
an increase in net new supply led the average occupancy rate to fall from 92.1% as of 4Q 2013, to 90.6% as
of 4Q 2014.
SINGAPORE INDUSTRIAL PROPERTY MARKET OVERVIEW
CAMBRIDGE INDUSTRIAL TRUST | ANNUAL REPORT 2014
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