Environmental concerns drive demand for top-tier logistics facility in Singapore

There is a push for a sustainable and efficient supply chain in Singapore's industrial real estate market.

According to Sally Tan, Senior Managing Director and Head of Client Solutions, Commercial, Industrial & Logistics at Savills Singapore,"Environmental concerns such as climate change and resource depletion, plus the health and wellbeing of the populations are the key drivers why so much interest is centred around sustainability."

As a city known for its dense urban environment, Singapore’s buildings significantly contribute to the carbon footprint, accounting for 20% of the nation's total. This figure drives the urgency for sustainable practices in the industrial sector. With a majority of industrial land in Singapore owned by the government authority, Jurong Town Corporation, and typically leased on 20 to 30-year terms, the opportunities for redevelopment are ripe, especially for assets nearing the end of their lease terms.

Source: News Formal (newsformal.com)

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