The mature industrial area in Singapore’s north has a well-established record for attracting buyers, given its proximity to the Causeway and Johor Baru.
Now the area is set to become an even more compelling business proposition, with a big boost in economic activity and development on the cards.
Plans are under way to develop a major commercial belt stretching from Woodlands to Punggol, known as the North Coast Innovation Corridor.
This includes Woodlands Regional Centre, a site covering 100ha. The idea is to take businesses closer to population centres over the next few decades.
The projects will get a further lift from the new Thomson MRT line and North-South Expressway, which will connect Woodlands, central Singapore and the Central Business District.
Urban Redevelopment Authority data on transactions in July in north and central Singapore shows that the projects which moved the most units included freehold industrial property Primax. Other strong performers were 60-year leasehold properties North Link Building, Harvest@Woodlands, Woodlands 11 and A’Posh Bizhub.
The largest absolute transaction last month came in at $3.94 million for a 5,877 sq ft space at Primax. Freehold Amtech Building at Sin Ming, however, had the highest transacted price of $1,130 per sq ft among the lot last month.
Source: The Straits Times –31 August 2013
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