When a company is looking to move into a new industrial unit, the only aspect of the move that is equal in importance to physical features and location is financial information. The Lok Yang Connection devetlopment sited in the western region of Singapore, consist with a wide spectrum of land parcel for various configurations optimal for almost every rough business strategies planned. One of the major factors that you should take into account while you are looking for a new home as buyer or tenant is the price.
Singapore is a strategic location, and the dynamic nature of its industrial real estate market especially in developed sectors such as Jurong speaks for it. Price is a product of tenured ownership, attributes and the state of the market. Lok Yang Connection has been designed for heavy industrial purpose, and it is priced at a value that matches its special features like direct vehicular access direct to each unit, and high floor loading capacity, unique to all B2 ramp-up industrial buildings.
The price of Lok Yang Connection units broadly depends on its square footage, building and floor allocation. Lower level units particularly those with ground-floor access, typically fetch a premium due to the easy ingress and egress associated with heavy goods and machinery. The size of the unit also will determine, as obviously larger units tend to have a lower psf price compared to smaller units. Price of a unit is the entire area of the unit multiplied with psf rate to get the overall price.
Another big factor in the pricing of a property is tenure. Spanning an estimated 65 hectares, Lok Yang Connection is a project developed by JTC and has a leasehold tenure of 30 years. Such as being common leasehold tenure for Singapore industrial properties and indirectly impacts the initial purchase price as well as the investment value over the long term.
Prices can vary and usually depend on the length left of the lease. These include newer addresses with the benefit of new a lease (a possible carrot for companies keen on having a base able to hold(out) the span of time). The Lok Yang and Jurong area transacts ranging psf prices for the market of industrial properties with newer developments fetching a price at the higher end as compared to older, existing properties.
Buyers should take into account other costs outside of the purchase price that are associated with purchasing and owning the property. These could include stamp duties, legal fees and maintenance costs. For a business that might want to lease instead, rates of leasing run on top place in the list as well. Factors that affect rental prices are similar to sale prices such as its size, amenities and the current state of the rental market in Jurong. Businesses should determine market rents based on the supply and demand of specific space types and look at recent transactions in comparison to similar properties that have traded hands.
In addition, it is also a significant part to the pricing thinking towards the investment potential of the site. It is also near the Tuas Mega Port and Jurong Innovation District, which makes Lok Yang Connection's strategic location even more attractive. Nestled at this site in Boon Lay, the property is also poised for future capital appreciation as western Singapore evolves into a prime industrial and logistics hub. The modern façade designs and ramp-up features in our units are an asset and thus make them highly marketable if buyers wish to resell or rent in the future.
The indicative pricing shown here can serve as a guide, but businesses and investors looking at Lok Yang Connection should consult real estate professionals specialising in industrial properties to get a clearer picture. They will already have specific pricing for all available units and will be able to provide solid insights based on the most recent market data. Industrial property pricing is not purely based on numbers; it's about the value to the business in productivity, location and years' of future use. Pricing for Lok Yang Connection portrays its standing as a modern, convenient and commercially strategic light industrial space in the hub of western Singapore.
