Lok Yang Connection is a new B2 ramp-up industrial project by Soilbuild being developed in Singapore’s western industrial estate at 23 Lok Yang Way. The new project is conceived as a multi-user 10-storey ramp-up facility for various activities including precision engineering, logistics, light manufacturing and clean production.
Located strategically close to the Jurong and Tuas industrial estates, Lok Yang Connection location play an essential role as a gateway for businesses with efficient access to key expressways, the future Tuas Mega Port and Singapore’s broader logistics network. Which is set to preview on 29 November and appeals to both business owners for operations space as well as investors seeking sustained capital appreciation from Singapore’s industrial property sector.
One of the main driving factors behind why businesses are taking notice in Lok Yang Connection is due to its modern and functional design. The building is ramped up to each floor, which means that you can do loading / unloading up to your unit. This is an unusual feature in old industrial buildings, and makes loading and unloading much more efficient.
Units have plenty of vertical space with high ceiling clearance, generously wide roller shutters for open carpark at every level and floor loading of more than 7.5kN/m2 to accommodate massive machineries and over-sized goods. Ramp-up configuration enables you to own logistics without depending on common cargo lifts and central loading bays, ensuring high efficiency. For manufacturing, software, or e-commerce logistics companies the design means seamless operations, quicker turnaround times and lower overheads.
From an ownership perspective, Lok Yang Connection Industrial is also designed for firms that appreciate total autonomy over their operation sites. Rather than renting old industrial space that may mandate expensive renovations, owners at Lok Yang Connection benefit from new space that has been constructed to current code and ecological standards. Power supply, ventilation, fire safety and also energy efficiency according to the current industry standards guarantee conformit The following dimensions are of significance. This eliminates downside in complex properties, like the cost of updating or compliance risk for older buildings.
Located within the established Jurong industrial estate, Lok Yang Connection is near key industrial districts, logistics centres and port terminals. The future Tuas Mega Port which is anticipated to become the world’s largest fully automated port underpins its allure. Companies in the region that do business here stand to benefit from quicker delivery cycles, reduced transit costs and a deeper collaboration with their supply chain partners.
For companies that operate import-export, distribution or marine-related businesses, this site minimizes downtime and maximizes productivity. Enhanced by its location along the AYE, PIE and Jurong Port Road, which all links easily to other parts of Singapore, businesses with significant logistic needs would appreciate the convenience that this locality affords.
For investors, Lok Yang Connection is a chance to seek gains from Singapore’s stable industrial property market. ‘With strong demand for new modern ramp up B2 units in view that many of the older industrial buildings in the west are now approaching lease expiry or becoming obsolete.’
For SMEs, many prefer the more compact units of between 1,600 and 1,900 sq ft and since they are owners who bought for their own use or investment, there would be strong rentals and potential resale. Yields for investors will stay constant because of such strong demand. Furthermore, buyers can trust the credibility of Soilbuild’s reputation as a developer for industrials in the build quality, delivery timeline and asset management standards of the project.
The builder’s track record offers business owners and investors even more peace of mind. Soilbuild has completed many landmark industrial and business park projects in Singapore that are appreciated for their functional layouts and sustainable value. The developer is here with the same practical industrial design and long-term usability. Its multi-disciplined design and build/asset management methodology makes certain that a completed project will serve its purpose to high operational and quality expectations. For investors looking for an established route into the industrial property market, joining forces with a developer like Soilbuild reduces development risk and increases resale assurance.
What is more, Lok Yang Connection’s leasing upside adds to its attractiveness. Jurong and Tuas areas are drawing more investments in new manufacturing, logistics and supporting industries as Singapores works towards strengthening its industrial capabilities. The west is home to clusters involved in marine engineering, petrochemicals, precision manufacturing and energy all being businesses that need modern efficient factory space. So recently launched projects such as Lok Yang Connection are in a good position to cater to this uptrend from tenants looking for a step up from older building stock. This results in greater occupancy stability and strong rental yields for the investors over medium to long term.
The project’s B2 zoning and 30 year leasehold tenure are also attractive to industrial users wishing to benefit from operating certainty. Heavy and medium industrial corporations are allowed as an exception in B2 zones, providing flexibility for many possible uses. The lease term is consistent with usual industry practices as well as adequate operations runway, and make what would have been costly cash outlays for a freehold commercial property more manageable upfront purchase prices. For investors, this blend of affordability and long-term usability make Lok Yang Connection a welcomed asset to the diversified industrial portfolio.