6 September 2016, Singapore – BS Capital Group (“BS Capital”) will be celebrating the topping up ceremony for Carros Centre, the largest Freehold Automobile Mega Hub in Singapore, on Wednesday, 7 September 2016. Knight Frank Singapore is marketing the lease and sale of the strata units within levels 3 and 5 of the mega development.
Scheduled for completion by the first quarter of 2017, Carros Centre is an industrial integrated development located at 60 Jalan Lam Huat, within Sungei Kadut in the north region. The freehold strata-titled industrial development boasts over 2.3 million square feet of built-up area, spanning across 8 floors (basement 1 to level 7) and comprises a total of 383 strata units.
Zoned as Business 2 (B2-General) under the 2014 URA Master Plan, BS Capital envisioned Carros Centre to be a unique and mega Automobile Mega Hub, a one-stop integrated facility housing a comprehensive diversity of automobile-related activities and services. The mega hub is thoughfully-designed to house car service centres, automobile repair service facilities, body works and servicing workshops, parts and supplies dealerships, storage for second hand car dealerships and many more automobile-related trades. Distinctively designed with a column-free layout and driveway that includes a loading/unloading area in front of each unit, strata unit sizes range from 158 square metres to more than 1,000 square metres per unit, with the flexibility to combine adjoining units. With well-engineered details boasting high, functional specifications, Carros Centre even offers ramp-up access to all units, including 40-foot container access to the loading/unloading bay at the ground floor, as well as cargo and passenger lifts.
Strategically located within the northern industrial region, Carros Centre is well-connected to the rest of Singapore, drawing current and future demand for automobile services. The development enjoys a close proximity to three expressways – Bukit Timah Expressway (BKE), Seletar Expressway (SLE) and Kranji Expressway (KJE), as well as the future MRT Downtown Line at Bukit Panjang, and Johor Bahru via the Woodlands Causeway. Future growth plans in nearby Woodlands, Yishun and Sembawang are slated to raise demand for automobile services in the area.
Tan Boon Leong, Executive Director and Head of Industrial, Knight Frank Singapore comments, “Carros Centre, the largest freehold industrial property in Sungei Kadut area, will present a new industrial use format that is highly efficient in terms of land optimisation and progressive in space utilisation for the automobile industry. It will add a unique and first-mover dimension in shaping the future industrial landscape in Sungei Kadut, hence supporting future expansion plans in the north region.”
Alice Tan, Director and Head of Consultancy & Research, Knight Frank Singapore adds, “Industrial freehold strata-titled units have generally seen stable price movements over the last five years to Q2 2016. This is mainly attributed to the limited supply of freehold industrial properties as the government has stopped releasing freehold or longer-tenure industrial land to the market. Strata industrial units with freehold tenure, which is hard to find in Singapore, are likely to receive keen interest from industrial end-users, especially for well-located and high-specification developments.”
Artist’s Impression of Carros Centre
Source: BS Capital