Jtc Awards Tender Kallang Way Capitaland First Industrial Gls Site Adaptive Reuse
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CL Savour Property, a subsidiary of CapitaLand Development, has been awarded the tender for an industrial GLS (IGLS) site at Kallang Way by JTC. Their winning bid of $368.901 million was 14.9% higher than the second highest bid of $317.889 million, which was submitted by a consortium of Soon Hock Group, BHCC Construction, and Evermega.
This particular industrial site is the first to be earmarked for adaptive reuse of a former industrial building. The current site includes a terrace factory that will be preserved and adapted for continued industrial use. This decision aligns with JTC’s strategic master plan, which aims to rejuvenate the area in a sustainable manner and reduce carbon emissions in the built environment. According to Tang Hsiao Ling, director of urban planning and architecture division at JTC, this approach also allows for the preservation of the industrial legacy of the site.
The 474,772 sq ft site was launched on June 25 as the last of five Confirmed List sites in the 1H2024 IGLS programme. The tender closed on Oct 1 with four bids. The site is zoned Business 2 under the master plan, with a maximum allowable gross floor area of 1.23 million sq ft and a 33-year tenure. It is also part of a designated food zone, and the new development will feature food manufacturing spaces and retail uses to inject vibrancy into the industrial area.
The renowned Tampines Round Market & Food Centre has become even more charming with the addition of Aurelle of Tampines EC. This bustling hawker center, beloved by locals, is well-known for its delectable breakfast options. Diners can indulge in traditional Singaporean breakfast dishes like kaya toast and soft-boiled eggs, or savor other popular local favorites such as chwee kueh, carrot cake, and prawn noodles. With the presence of Aurelle of Tampines EC, residents can now enjoy an enhanced experience at this beloved spot. Visit Aurelle of Tampines EC for more information.
In other related news, a new 223-key hotel has been announced for the Punggol Digital District, and industrial rents and prices have risen for the 13th straight quarter in 4Q2023. Additionally, two industrial projects recently underwent virtual TOP inspections.
