See how many bidders will vie for 4 latest GLS industrial sites

Bids of 3 to 10 predicted.

For the Plot 4, Tuas South Street 6 and Plot 28, Tuas South Street 7 sites, Colliers International said these small industrial sites in Tuas South have proven to be popular in the last few years, since these 22-year leasehold sites were first introduced into the Government Land Sales (GLS) Programme. In the last tender exercise (closed on 7 August 2013), three out of four of these small sites in Tuas South garnered between 8 and 10 bids.

"Both Plot 4 and Plot 28 should attract about the same number of bids, possibly 8 to 10 contenders each, with competition being tight for both sites. Plot 28 might gain a slight premium over Plot 4 as its location has slightly better accessibility," reckoned Colliers.

"These small industrial sites in Tuas South have proven to be well-sought after by small and medium sized enterprises due to their affordability and limited industrial land in Singapore. The lowest number of bidders for such sites was five for a tender in September 2012 and the highest being 19 bids in a tender in January 2013. The average number of bids is around 10, since these sites debuted," it added.

Meanwhile for Parcel 1, Gambas Crescent and Parcel 2, Gambas Crescent, the property research firm said these two parcels at Gambas Crescent are located next to the industrial estate in Woodlands, where complementary industries are located. They are near to sources of labour and are also fairly close to the Sembawang MRT station.

"These two parcels are also zoned for Business 1 (B1) use. In 2013 thus far, there has been only one other B1 site sold under the GLS Programme (located at Ubi Avenue 4 in March). Therefore, given the attractive locations of these two sites at Gambas Crescent and the dearth of new B1 sites available under the Confirmed List of the IGLS Programme in 2013, there might be moderate interest from developers," said Colliers.

"Although these two parcels at Gambas Crescent can be strata-subdivided, each unit must be at least 150 sq m," it added.

"However, the Government measures - the Sellers Stamp Duty (SSD) and the Total Debt Servicing Ratio (TDSR) - have caused buyers to adopt a wait-and-see attitude with regards to acquiring industrial units for investment and owner-occupation. Given the present state of interest in the industrial strata sales market, developers would have to price the finished product competitively in order to move sales, and as a result would have to be more circumspect with their bids. For each of these two parcels at Gambas Cresecent, we could possibly see three to five bids," it said further.