Industrial strata units on 60-year leases

Industrial strata units on 60-year leases

A 60-Year leasehold strata-titled industrial development at 7 Gambas Avenue has been launched with prices starting from $350 per square feet (psf).

The B1 industrial development, Ark@Gambas, is a nine-storey light industrial building comprising a total of 293 part-ramp-up and part-flatted factory units, with full-glass frontage and floor-to-floor height of up to seven metres for the ground floor units.

The project, which is developed by HLS Development Pte Ltd, a subsidiary of mainboard-listed Hock Lian Seng Holdings, also provides car parking facilities at a three-lot-per-unit ratio and has a canteen on its premises.

Development is scheduled to be completed by end 2015.

The size of a typical column-free unit ranges from approximately 1,600 sq ft to 2,700 sq ft, with prices starting from $350 psf.

Source: Business Times – 13 September 2012