Sabana Shari'ah Compliant REIT - Annual Report 2014 - page 29

Table 3.1: Major Private Factory Completions (2014)
Development
Location
Planning
Region
Developer
Estimated
Net Lettable
Area (“NLA”)
(sq ft)
Single-user factory Woodlands
Industrial Park E9
North Microsoft Operations
549,000
Nucleos
(Biopolis Phase 5)
Biopolis Road
Central
Ascendas Land
418,000
Mead Johnson
(Singapore) Supply
Center
Tuas South
Avenue 6
West
Mead Johnson
Nutrition (Asia Pacific)
290,000
Aperia
Kallang Avenue
Central
Ascendas Land
648,000
Pioneer Point
Soon Lee Street
West
KNG Group
301,000
Primz Bizhub
Woodlands Close
North OKH Development
454,000
iSPACE
Soon Lee Street
West
KNG Group
346,000
Premier@Kaki Bukit
Kaki Bukit Avenue 4
East
Wee Hur
662,000
Synergy@KB
Kaki Bukit Road 4
East
NSS Properties
458,000
Single-user factory Banyan Avenue
West
Evonik Methlonine
SEA
270,000
Single-user factory Jalan Tukang
West
Biosensors
Interventional
Technologies
264,000
Ark@Gambas
Gambas Crescent
North HLS Development
472,000
Galaxis
Fusionopolis Place
Central
Ascendas Land and
Mitsui
515,000
Link@AMK
Ang Mo Kio
Street 62
North East Sim Lian Group
514,000
Seagate Singapore
Design Center – The
Shugart
Ayer Rajah
Crescent
Central
Seagate Singapore
International
Headquarters
361,000
Woodlands Horizon Woodlands Close
North OKH Holdings
414,000
Source: JTC, DTZ Consulting & Research, February 2015
As at end 2014, private factory stock comprised approximately 66% (208.9 million sq ft) single-user
factory space, 29% (91.1 million sq ft) multiple-user factory space and 5% (15.0 million sq ft) business
park space.
Demand remained somewhat stable
Despite the uneven performance of the manufacturing sector and tight labour market conditions, net
demand for private factory space remained somewhat resilient at 7.5 million sq ft in 2014, slightly lower
compared with that in 2013 (7.8 million sq ft) (Figure 3.1). Industrial leasing activity was driven mainly by
high-tech companies, particularly those in the biotechnology, biomedical and med-tech industries. Many
of these companies have been expanding in Singapore, given its position as a global-Asia tech hub and
end-to-end innovation eco-system.
SABANA REIT
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ANNUAL REPORT 2014
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