As we know, most industrial properties found in Singapore are predominantly for industrial activities.
However in recent years, we have seen more of such warehouse retail developments such as gain city, big box, fairprice which is an interesting concept in Singapore. The concept has also gained popularity in recent years.
Where Can We Find Such Buildings
The warehouse retail scheme started with supermarket group Giant, furniture retailer IKEA, electronics retailer Courts, Gain City, Warehouse Club and Big Box. Giant, IKEA, Courts are all located in Tampines, Gain City at Sungei Kadut, Warehouse Club at Joo Koon and Big Box at Jurong East.
Generally, land released for warehouse retail scheme are located in areas meant for industries that are non-pollutive in nature and are located in the outlying regions.
Examples of Requirements to be Fulfilled
The warehouse retail scheme will only be suitable for single users and operated by one single entity where subletting will not be permitted.
The main use remains as industrial however, up to 40% can be allowed for ancillary retail use.
The proposal submitted for the warehouse retail scheme will also be subjected to approval and review by the relevant authorities.
Zoning of the Land
Approval and Rates
Approval of the warehouse retail scheme will be on a temporary basis. Development charges may also be applicable due to the enhancement of the land to a higher use.
Benefits of the Scheme
The scheme is said to have helped companies operating in such places with cost savings as these businesses are able to have their logistics, warehousing and retailing all in just one location. This has also led to cost efficiency and savings which is always beneficial for companies.