New Kaki Bukit Industrial Premises For Sale
Tuesday, 6th April 2010
First East Centre is located on a 1.1 ha site that is zoned for "Business 2" with a 30-year lease. First East Centre is developed by KNG Development which comprises 80 units each with an ancillary office. Unit start from 1,800 square feet and priced at around S$360,000. The date of completion is expected in the first quarter of 2012. Property consultant Colliers International has been appointed as the exclusive marketing agent.
Under Urban Redevelopment Authority (URA) "Business 2" zoning, the prevailing Development Control (DC) Guidelines, the site can be for business engaging in light industry, general industry and warehousing uses. However the warehouse cum office building will need to comply with the use quantum control of industrial site with a minimum 60% of GFA (Gloss Floor Area) required for industrial/warehouse use and only a maximum 40% of the GFA be allowed for ancillary use (like a small office). Secondary commercial uses such as independent office will not be allowed.