Upper Serangoon / Kovan GLS site
Asset Legend Limited, believed to be a unit of Li Ka-shing’s Cheung Kong Holdings, has been awarded with the tender for the residential with first.
Your trusted professional real estate consultants
Asset Legend Limited, believed to be a unit of Li Ka-shing’s Cheung Kong Holdings, has been awarded with the tender for the residential with first.
More potential rental demand in the Bartley / Kovan / Hougang / Old Tampines Road areas! Look out for more upcoming launches...
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The Government has identified Defu Industrial Estate for redevelopment as part of HDB’s ongoing Industrial Redevelopment Programme (IRP). Under the Defu Master Plan, the area will be transformed along the vision of ” A Green and Sustainable Industrial Park of Tomorrow”, and be renamed Defu Industrial Park.
Over the next 15 to 20 years, existing factories in Defu Industrial Estate will be progressively replaced with new and modern industrial complexes. The estate will be revitalised into a modern industrial park, complete with landscaped greenery and environmentally sustainable features.
The redevelopment of Defu Industrial Estate will be carried out in three phases. Phase 1, targeted for completion in mid-2017, will involve 219 out of the existing 1,046 factories. These include 87 land-based factories which are on 30-year leases, along with 42 land-based factories and 90 Terrace Workshops on Fixed- Term Tenancies.
HDB will build a new Bedok Food City at Bedok North Avenue 4 to rehouse the factories in the food industry. Factories in the general industries will be relocated to the new Defu Industrial City, which is located at the former Kim Chuan Water Reclamation Plant.
The estimated timeline for the 2 projects are as follows:
Activity Estimated Time Period
a) Design Consultancy 2013 to 2014
b) Construction 2015 to 2017
Industrialists in Defu Industrial Estate will be consulted on the design of the new complexes through a series of focus group discussions. HDB will actively involve them in the redevelopment through the Defu Manufacturers’ Association (DMA).
Eligible industrialists will continue to operate in their existing premises until the new complexes are completed in mid-2017. They will also be given relocation benefits such as rent concession, rent-free fitting up period, and ex-gratia payment.
Defu Industrial Estate is located in the North-Eastern sector of Singapore. It is bounded by Tampines Road, Hougang Avenue 3, Airport Road, and the Kallang-Paya Lebar Expressway (KPE).
The estate was built in the 1970s to house relocated small and medium local industrial enterprises from areas such a Jalan Lobak, Jalan Anggerek, and Jalan Pemimpin.
With the completion of Marina Reservoir and Punggol & Serangoon Reservoirs in 2010 and 2011 respectively, Defu is now located within the water catchment areas.
There is a need to redevelop this 30-year old estate to optimise the use of scarce land resources, and to contain the pollution caused by the existing industries.
With optimisation of land use, the total amount of factory floor space of the new Defu Industrial Park will be increased by five-folds to 2.1 million sqm. of industrial space, which will help meet Singapore’s future industrial need.
Defu Industrial Park will eventually house three key zones. The Northern and Central zones will be safeguarded for strategic industries such as logistics, precision engineering, infocommunications and media, electronics, clean energy and biomedical. The Southern zone will be set aside for new modern industrial complexes to house the existing industrialists.
HDB will take into account the feedback from Phase 1 before embarking on future phases of development under the Defu Master Plan.
HDB will also develop a new Defu City Centre, which will be the focal point of commercial activities. Located just beside Defu Industrial City, it will provide a range of amenities such as F&B outlets, convenience stores, medical clinics and childcare centres. Construction will take place after 2017 when the site is available for development.