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NEWS UPDATES 21 August 2010

Ready-made facilities needed

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Having specialised, ready-made industrial facilities are necessary if Singapore wants to attract more foreign investors.

The Economic Development Board (EDB) said small and medium-sized companies will likely be the main users of such factories.

Sectors like aerospace and precision engineering are those that need functional, ready-made infrastructure.

EDB said that having such facilities will enable these sectors to start up their operations quickly, while keeping their assets light.

Tan Choon Shian, Deputy Managing Director, EDB, said: "They may not need to start off with their own building, their own land. Because these are high value-added, high technology companies, they tend to have equipment.

So they will need specialised, ready-built factories with floor loading that can take heavier loads, sometimes, they need higher ceilings.

Some of them will need R&D side by side their manufacturing. Therefore they need laboratory space."

When it comes to building industrial facilities today, developers agree that some investors want to have ready-made facilities fitted to their needs.

This will free up their capital for other uses.

But for other sectors like construction and engineering, such investors might want the flexibility of designing and building their own facilities.

So developers said there is still a need for a balance of options.

Another option is to build more commonly shared industrial facilities for sectors like medical equipment.

Singapore's largest industrial landlord JTC Corporation said this will help optimise the limited land space here.

About 400 industry players discussed these trends at the JTC Industrial Property Exchange.

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