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SABANA SHARI’AH COMPLIANT REIT
38
Private factory stock as at end 2011 comprised
approximately 28% (78.5 million sq ft) multiple-user
factory space, 68% (191.1 million sq ft) single-user
factory space, and 4% (12.5 million sq ft) business
park space. Multiple-user factory space made up the
bulk of the factory completions in 2011, with 6.3 million
sq ft of space being added to the total private factory
stock in 2011.
3.2
Potential Supply
(11)
According to the URA, about 42.9 million sq ft
(12)
of
private factory space is in the pipeline as at Q4 2011.
Some 62% (26.7 million sq ft) is under construction
while the remaining 38% (16.2 million sq ft) is being
planned. Majority of the potential private factory supply
is expected to complete in 2012 (45%, 19.4 million sq
ft) (Figure 1.4).
Some major private factory developments which will be completing in 2012 are listed in Table 1.5.
Table 1.5
Major Private Factory Developments Completing (2012)
Developer/ Development
Type
Location
Planning Region
NLA (sq ft)
Hyflux Innovation Centre
Multiple-user factory Boon Keng Road/
Bendemeer Road
Central
467,500
Foodaxis @ Senoko
Multiple-user factory Senoko Avenue
North
466,700
Manufacture Element Pre
Fabricate Pte. Ltd.
Single-user factory Neythal Road
West
539,700
Sinopec Lubricant (S) Pte. Ltd. Single-user factory Tuas South Avenue 5
West
254,600
Norsun Singapore Pte. Ltd.
Single-user factory Liu Fang Road/
Wan Shih Road
West
470,200
Source: URA, DTZ Consulting, February 2012
2012
25,000
20,000
15,000
10,000
5,000
0
2013
2014 2015 2016 >2016
’000 sq ft (GFA)
Figure 1.4
Potential Supply of Private Factory Space by
Development Status
(13)
and Expected Year
of Completion
■
Under Construction
■
Planned
Source: URA, DTZ Consulting, February 2012
(11) All potential supply is in GFA.
(12) Includes all private factory space in the pipeline, regardless of size or planning status.
(13) Includes the supply from new development and redevelopment projects with provisional and written permission as well from other categories of
supply e.g. (i) projects with Outline Provisional Permission, (ii) developments submitted for planning approval and which are under consideration,
(iii) projects on awarded GLS sites for which plans have not been submitted for planning approval, (iv) planned projects in the GLS programme
(which refer to sites on the GLS confirmed list and sites on the GLS reserve list that have been triggered), and (v) planned public developments
for which plans have not been submitted to URA for planning approval.
Independent Market Study
by DTZ Debenham Tie Leung (SEA) Pte Ltd
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