LIGHT INDUSTRIAL PROPERTIES & FLATTED FACTORIES
S I N G A P O R E
Property
Acquisition/
Completion Date
Purchase Price*/
Development Cost (S$m)
Valuation as at
31 March 2016 (S$m)
Flatted Factories
51 Techplace I
#
19 Nov 02
105.3
141.9
52 Techplace II
#
**
19 Nov 02
128.9
191.0
Total (Flatted Factories)
234.2
332.9
Light Industrial Properties
53 Osim Headquarters
20 Jun 03
35.0
39.5
54 41 Changi South Avenue 2**
13 Oct 03
13.5
11.9
55 12 Woodlands Loop
29 Jul 04
24.8
28.2
56 SB Building**
26 Nov 04
17.8
22.5
57 247 Alexandra Road
01 Dec 04
44.8
66.0
58 5 Tai Seng Drive**
01 Dec 04
15.3
18.9
59 Volex Building**
01 Dec 04
9.4
12.9
60 53 Serangoon North Avenue 4
27 Dec 04
14.0
14.1
61 3 Tai Seng Drive**
01 Apr 05
19.5
19.1
62 27 Ubi Road 4
01 Apr 05
12.6
13.5
63 52 Serangoon North Avenue 4
04 Apr 05
14.0
21.6
64 Hyflux Building
04 Apr 05
19.0
21.7
65 25 Ubi Road 4**
16 May 05
9.0
11.0
66 Tampines Biz-Hub
05 Oct 05
16.8
23.5
67 84 Genting Lane
05 Oct 05
10.0
15.8
68 Hoya Building
#
05 Oct 05
5.3
7.8
69 NNB Industrial Building
05 Oct 05
12.0
16.8
70 37A Tampines Street 92**
01 Dec 05
12.3
16.5
71 Hamilton Sundstrand Building
#
09 Dec 05
31.0
39.0
72 Thales Building ( I & II )
#
03 Jan 06 &
20 Mar 08
5.8
11.3
73 Ubi Biz-Hub
27 Mar 06
13.2
19.5
74 2 Senoko South Road^
08 Jan 07
33.5
37.8
75 18 Woodlands Loop
01 Feb 07
17.2
29.9
76 9 Woodlands Terrace
01 Feb 07
1.9
3.6
77 11 Woodlands Terrace
01 Feb 07
1.9
4.6
78 FoodAxis @ Senoko^^
15 May 07
16 Feb 12
57.8
83.3
79 8 Loyang Way 1
05 May 08
25.0
23.6
80 31 Joo Koon Circle
30 Mar 10
15.0
19.0
Total (Light Industrial Properties
& Flatted Factories)
741.6
985.8
Notes:
The valuation for these properties were based on Capitalisation Approach and Discounted Cash Flow Analysis.
* Purchase price excludes transaction costs.
# Acquired from Ascendas-Singbridge Group.
^ NLA of 2 Senoko South Road’s has been decommissioned for asset enhancement works to convert the property from a single-tenant building to a multi-tenanted
food factory.
^^ FoodAxis @ Senoko (previously known as 1 Senoko Avenue) was first acquired on 15 May 2007 for S$11.2m and was subsequently redeveloped to maximise
the allowable plot ratio. The redevelopment was completed on 16 February 2012.
** As at 31 March 2016, these properties recorded a depreciation on revaluation against their corresponding values as at 31 March 2015.
.64
A-REIT ANNUAL REPORT
2015/2016
