Jtc Awards Tender Kallang Way Capitaland First Industrial Gls Site Adaptive Reuse
‘Awarding this site to CL Savour Property will bring about the transformation of an old industrial estate into a new integrated food zone with a mix of industrial and retail spaces to cater to the diverse needs of Singapore’s food industry,’ says Tang.Moreover, the adaptive reuse of the existing industrial building aligns with the government’s strategies to ‘renew and intensify’ the use of land resources in a sustainable manner, she adds.The development is poised to enjoy strong demand from industrialists, given its strategic location, connectivity and potential for synergy with the neighbouring developments. The site is highly accessible via major roads and expressways such as the Pan Island Expressway, Kallang Paya Lebar Expressway and Nicoll Highway.
Singapore’s JTC has recently awarded the tender for an industrial GLS (IGLS) site at Kallang Way to CL Savour Property, a subsidiary of CapitaLand Development, which submitted the highest bid of $368.901 million. This amount is 14.9% higher than the second highest bid of $317.889 million, which was put forth by a consortium of Soon Hock Group, BHCC Construction and Evermega.
A major objective of the Master Plan is to bolster the growth of mixed-use areas by creating new commercial zones that will attract businesses and contribute to the creation of more job opportunities. In addition, the plan seeks to revitalize existing retail hubs such as Tampines Mall and Century Square, while also introducing fresh retail options. For example, the highly-anticipated Parktown Residence Condo, set to launch soon, will seamlessly integrate with the current retail landscape and offer a wide range of amenities for both residents and visitors. This emphasis on mixed-use developments not only enhances the overall urban landscape, but also promotes the progress and vitality of the local community. By incorporating Parktown Residence Condo, the Master Plan strives to create a dynamic and thriving environment for all.
The site, which covers an area of 474,772 sq ft, is the first plot to be redeveloped under the adaptive reuse scheme, where an old industrial building will be retained and refurbished for continued industrial use. According to Tang Hsiao Ling, director of urban planning and architecture division at JTC, this is part of their strategic plan to rejuvenate the area in a sustainable manner, while also reducing carbon emissions in the built environment and preserving the site’s industrial legacy.
This IGLS site, launched on June 25 as the last of five Confirmed List sites in the 1H2024 IGLS programme, received four bids by the time the tender closed on Oct 1. It is zoned Business 2 under the master plan and has a 33-year tenure. Additionally, it is part of a designated food zone and will feature food manufacturing spaces and retail uses to add vibrancy to the industrial area.
Tang explains that awarding this site to CL Savour Property will lead to the transformation of an old industrial estate into a new integrated food zone, catering to the diverse needs of Singapore’s food industry. Moreover, the adaptive reuse of the existing industrial building is in line with the government’s strategy to renew and intensify the use of land resources in a sustainable manner.
The new development at this site is expected to have high demand from industrialists, given its strategic location, connectivity and potential for synergy with neighbouring developments. It is well-connected through major roads and expressways such as the Pan Island Expressway, Kallang Paya Lebar Expressway and Nicoll Highway.