Our Portfolio

Sabana REIT has a portfolio of 19 quality industrial buildings that are located entirely in Singapore. Most of the properties are strategically located in close proximity to the principal industrial zones such as Loyang (close to Changi Airport), Penjuru (situated near to Singapore's shipping ports) and Tai Seng (a high-tech space hub situated close to two expressways and a Mass Rapid Transit station). The properties are supported by excellent infrastructure and arterial road networks that enhance their attractiveness to existing and potential tenants and their customers. The portfolio is divided into four main categories, namely high-tech industrial, chemical warehouse & logistics, warehouse & logistics, and general industrial.

High-tech Industrial

Sabana REIT's high-tech industrial buildings are medium rise developments which are conveniently located along the fringes of central locations, or areas that are easily accessible to other parts of Singapore via major expressways and public transport. The buildings have excellent building specifications, including high floor to ceiling height, high floor loading and wide column span. These features provide greater flexibility in terms of space configuration. As a result, these properties are amenable to a wide range of uses and hence appeal to a wider pool of tenants.

151 Lorong Chuan

151 Lorong Chuan

A six-storey industrial building with a ground level carpark.

  • Purchase Consideration (S$ million)
    :
    305.9
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    304.0
  • Gross Rental Income for FY 2017 (S$ million)
    :
    22.2
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    83.2
  • Land Lease Expiry
    :
    2055
    (45 yrs with effect from 26 November 2010)
  • Gross Floor Area (sq ft)
    :
    810,710
8 Commonwealth Lane

8 Commonwealth Lane

A four-storey industrial building with a six-storey annex.

  • Purchase Consideration (S$ million)
    :
    70.3
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    55.0
  • Gross Rental Income for FY 2017 (S$ million)
    :
    3.6
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    75.8
  • Land Lease Expiry
    :
    2059
    (30 + 23 yrs with effect from 1 February 2006)
  • Gross Floor Area (sq ft)
    :
    161,815
'
9 Tai Seng Drive

9 Tai Seng Drive

A six-storey industrial building with a basement carpark.

  • Purchase Consideration (S$ million)
    :
    46.3
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    40.5
  • Gross Rental Income for FY 2017 (S$ million)
    :
    3.5
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    100.0
  • Land Lease Expiry
    :
    2055
    (30 + 30 yrs with effect from 1 June 1995)
  • Gross Floor Area (sq ft)
    :
    218,905
15 Jalan Kilang Barat

15 Jalan Kilang Barat

An eight-storey industrial building with a multi-storey carpark at Levels Two & Three.

  • Purchase Consideration (S$ million)
    :
    34.5
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    23.0
  • Gross Rental Income for FY 2017 (S$ million)
    :
    1.9
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    91.5
  • Land Lease Expiry
    :
    2060
    (99 yrs with effect from 1 January 1962)
  • Gross Floor Area (sq ft)
    :
    73,928
1 Tuas Avenue 4

1 Tuas Avenue 4

Proposed part three-/part six-storey industrial building currently under additions & alterations works.

Well-served by major transport networks including the Ayer Rajah Expressway, Pan-Island Expressway and Tuas Crescent MRT station.

  • Purchase Consideration (S$ million)
    :
    28.0
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    24.8
  • Gross Rental Income for FY 2017 (S$ million)
    :
    1.41
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    100.0
  • Land Lease Expiry
    :
    2047
    (30 + 21 yrs 4 mths with effect from 1 January 1996)
  • Gross Floor Area (sq ft)
    :
    160,361
1 Non-recognition of revenue with effect from 1 July 2017 as collection from the master tenant was no longer probable. The Manager is working on surrender of the lease.
23 Serangoon North Avenue 5

23 Serangoon North Avenue 5

A five-storey industrial building with a mezzanine level.

  • Purchase Consideration (S$ million)
    :
    61.0
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    37.0
  • Gross Rental Income for FY 2017 (S$ million)
    :
    1.4
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    22.7
  • Land Lease Expiry
    :
    2056
    (30 + 20 yrs 15 days with effect from 16 September 2006)
  • Gross Floor Area (sq ft)
    :
    159,384
508 Chai Chee Lane

508 Chai Chee Lane

A seven-storey industrial building with two basements.

  • Purchase Consideration (S$ million)
    :
    67.2
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    56.2
  • Gross Rental Income for FY 2017 (S$ million)
    :
    5.6
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    71.8
  • Land Lease Expiry
    :
    2060
    (30 + 29 yrs with effect from 16 April 2001)
  • Gross Floor Area (sq ft)
    :
    319,718

Chemical Warehouse and Logistics

Sabana REIT's chemical warehouse & logistics buildings are in close proximity to Jurong Island, the centrepiece of Singapore's chemicals industry. They also enjoy easy access to major transportation networks, the Malaysia-Singapore Second Link (to Johor, Malaysia), and major sea ports.

The specialised warehouses in Sabana REIT's portfolio are built to strict legal specifications to accommodate highly regulated chemicals and goods, giving them an edge in attracting tenants requiring such industrial space. Currently, the buildings in this category are occupied by anchor tenants.

33 & 35 Penjuru Lane

33 & 35 Penjuru Lane

Comprising three buildings, including a single storey warehouse with mezzanine floor, a four-storey warehouse and a part single-storey/part three-storey warehouse with a basement.

  • Purchase Consideration (S$ million)
    :
    78.9
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    52.0
  • Gross Rental Income for FY 2017 (S$ million)
    :
    4.6
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    100.0
  • Land Lease Expiry
    :
    2049
    (30 + 31 yrs with effect from 16 February 1988)
  • Gross Floor Area (sq ft)
    :
    286,192
18 Gul Drive

18 Gul Drive

A part two-/part four-storey warehouse.

Well-served by major arterial roads and transport networks including the Ayer Rajah Expressway and Gul Circle MRT station.

  • Purchase Consideration (S$ million)
    :
    34.1
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    21.0
  • Gross Rental Income for FY 2017 (S$ million)
    :
    2.2
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    100.0
  • Land Lease Expiry
    :
    2038
    (13 yrs 10 months 12 days + 20 yrs with effect from 1 November 2004)
  • Gross Floor Area (sq ft)
    :
    132,878

Warehouse and Logistics

Sabana REIT's general warehouses comprise of space equipped with loading and docking facilities, and are intended for the storage and distribution of goods and merchandise. Their close proximity to Singapore's ports and major expressways such as the Pan Island Expressway will provide sustained support for warehousing and logistics facilities.

34 Penjuru Lane

34 Penjuru Lane

A five-storey warehouse with ancillary offices.

  • Purchase Consideration (S$ million)
    :
    60.0
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    39.0
  • Gross Rental Income for FY 2017 (S$ million)
    :
    4.6
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    79.2
  • Land Lease Expiry
    :
    2032
    (30 yrs with effect from 16 August 2002)
  • Gross Floor Area (sq ft)
    :
    414,270
51 Penjuru Road

51 Penjuru Road

A part single/part three-/part fourstorey warehouse building with mezzanine floor

  • Purchase Consideration (S$ million)
    :
    42.5
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    45.0
  • Gross Rental Income for FY 2017 (S$ million)
    :
    3.2
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    100.0
  • Land Lease Expiry
    :
    2054
    (30 + 30 yrs with effect from 1 January 1995)
  • Gross Floor Area (sq ft)
    :
    246,376
26 Loyang Drive

26 Loyang Drive

A single-storey warehouse building with mezzanine floors.

  • Purchase Consideration (S$ million)
    :
    32.0
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    24.7
  • Gross Rental Income for FY 2017 (S$ million)
    :
    2.3
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    100.0
  • Land Lease Expiry
    :
    2053
    (30 + 18 yrs with effect from 1 January 2006)
  • Gross Floor Area (sq ft)
    :
    149,166
3A Joo Koon Circle

3A Joo Koon Circle

A two-storey warehouse building with mezzanine floor and a part three-/part four-storey factory building.

  • Purchase Consideration (S$ million)
    :
    40.3
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    39.0
  • Gross Rental Income for FY 2017 (S$ million)
    :
    3.0
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    100.0
  • Land Lease Expiry
    :
    2047
    (30 + 30 yrs with effect from 1 August 1987)
  • Gross Floor Area (sq ft)
    :
    217,899
10 Changi South Street 2

10 Changi South Street 2

A part single/part six-storey warehouse building with ancillary offices and a five-storey annex.

  • Purchase Consideration (S$ million)
    :
    54.2
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    62.21
  • Gross Rental Income for FY 2017 (S$ million)
    :
    4.2
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    100.0
  • Land Lease Expiry
    :
    2051
    (30 + 27 yrs with effect from 1 October 1994)
  • Gross Floor Area (sq ft)
    :
    238,862
1 Includes additional GFA of 49,415 sq ft from additions & alterations work which obtained Certificate of Statutory Completion on 28 November 2017 and was announced on 21 December 2017.

General Industrial

Sabana REIT's general industrial portfolio consists of four industrial buildings with ancillary offices, warehouses and manufacturing facilities that are equipped with a broad range of functions that position them to attract a wide pool of potential tenants.

123 Genting Lane

123 Genting Lane

An eight-storey industrial building with ancillary offices.

  • Purchase Consideration (S$ million)
    :
    24.5
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    17.8
  • Gross Rental Income for FY 2017 (S$ million)
    :
    2.0
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    79.6
  • Land Lease Expiry
    :
    2041
    (60 yrs with effect from 1 September 1981)
  • Gross Floor Area (sq ft)
    :
    158,907
30 & 32 Tuas Avenue 8

30 & 32 Tuas Avenue 8

Comprising two original "E8" JTC standard factories with an adjoining four-storey factory with ancillary offices.

  • Purchase Consideration (S$ million)
    :
    24.0
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    29.0
  • Gross Rental Income for FY 2017 (S$ million)
    :
    2.5
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    100.0
  • Land Lease Expiry
    :
    2056
    (30 + 30 yrs with effect from 1 September 1996)
  • Gross Floor Area (sq ft)
    :
    158,846
39 Ubi Road 1

39 Ubi Road 1

An eight-storey industrial building with ancillary offices.

Well-served by major arterial roads and transport networks such as the nearby Pan Island Expressway and Paya Lebar Expressway and MacPherson MRT station.

  • Purchase Consideration (S$ million)
    :
    32.0
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    22.7
  • Gross Rental Income for FY 2017 (S$ million)
    :
    1.5
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    87.6
  • Land Lease Expiry
    :
    2051
    (30 + 30 yrs with effect from 1 January 1992)
  • Gross Floor Area (sq ft)
    :
    135,513
21 Joo Koon Crescent

21 Joo Koon Crescent

A three-storey industrial building with ancillary offices.

  • Purchase Consideration (S$ million)
    :
    20.3
  • Latest Valuation (as at 31 December 2017)(S$ million)
    :
    18.5
  • Gross Rental Income for FY 2017 (S$ million)
    :
    1.4
  • Occupancy Rate (%)(as at 31 December 2017)
    :
    100.0
  • Land Lease Expiry
    :
    2054
    (30 + 30 yrs with effect from 16 February 1994)
  • Gross Floor Area (sq ft)
    :
    99,575