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BS Capital Group on Wednesday (7 September) celebrated the topping out ceremony for Carros Centre in Sungei Kadut, the development billed as the largest freehold automobile mega hub in Singapore.
The integrated industrial development, scheduled for completion by the first quarter of 2017, comes with over 2.3 million sq ft of built-up area across eight storeys and comprises a total of 383 strata units.
Zoned for Business 2 uses under the 2014 Master Plan, the development features column-free layout and driveway that included a loading/unloading area in front of each unit. Strata unit sizes range from 1,700 sq ft to 10,763 sq ft, with the flexibility to combine adjoining units.
Knight Frank Singapore executive director and head of Industrial, Tan Boon Leong said Carros Centre will “add a unique and first-mover dimension in shaping the future industrial landscape in Sungei Kadut, hence supporting future expansion plans in the north region.”
Meanwhile, Knight Frank Singapore head of Research, Alice Tan said: “Industrial freehold strata-titled units have generally seen stable price movements over the last five years to Q2 2016. This is mainly attributed to the limited supply of freehold industrial properties as the government has stopped releasing freehold or longer-tenure industrial land to the market.”
“Strata industrial units with freehold tenure, which is hard to find in Singapore, are likely to receive keen interest from industrial end-users, especially for well-located and high-specification development,” Tan added.
Nikki De Guzman, Editor at CommercialGuru wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
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