Page 51 - Sabana REIT Annual Report 2012 (Final Version with added cha

Development Location Planning
Region Developer Estimated
NLA (sq m)
Hyfux Innovation
Centre Bendemeer Road Central Hyfux 336,000
The Splendour Bukit Batok Crescent West Sin Soon Lee
Development 334,000
A’Posh Bizhub Yishun Industrial Street 1 North OKH Management 290,000
9 @ Tagore Tagore Lane North East Chiu Teng 270,000
Q3 2012
Single-user factory Tuas South Avenue 12 West Halliburton 489,000
North Point Bizhub Yishun Industrial Street 1 North Soilbuild Group Holdings 366,000
Q4 2012
Woodlands 11 Woodlands Close North Boon Keng Development 745,000
One@Changi City Changi Business Park
Central 1 East Ascendas/ Frasers
Centrepoint 651,000
Harvest @
Woodlands
Woodlands Industrial
Park E5 North Wee Hur Holdings 626,000
Source: URA, DTZ Consulting & Research, February 2013
Private factory stock, as at end 2012, 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.
3.2 Potential Supply8
According to the Urban Redevelopment Authority (“URA”), about 51.1 million sq ft 9 of private factory space is
in the pipeline as at Q4 2012, of which about 66% (33.8 million sq ft) is under construction. Of the remaining
34% (17.3 million sq ft) that is still being planned, about half (8.5 million sq ft) has not obtained written or
provisional permission (Figure 1.3).
Figure 1.3: Pipeline Supply of Private Factory Space by Development Status10
Source: URA, DTZ Consulting & Research, February 2013
25,000
‘000 sq ft
20,000
15,000
10,000
5,000
2013 2014 2015 2016 2017 >2017
Under Construction Planned
8All potential supply is in GFA.
9Includes all private factory space in the pipeline, regardless of size or planning status.
10Includes 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 Government Land Sales programme (which refer to sites
on the GLS confrmed 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.
49 SABANA REIT Annual Report 2012