THE IMPACT OF SINGAPORE'S INDUSTRIAL RESTRUCTURING ON THE PROFILES OF INDUSTRIAL & LOGISTIC PROPERTIES

Abstract

This dissertation studies the impact of the new wave of industrial restructuring and the transformational effects it has on the overall profile of the manufacturing sector. With limited land the Singapore government faces an ongoing task to create a high productivity, high value manufacturing sector in Singapore. The rising importance of emerging High-Tech, High-Value (HTHV) industries has curtailed traditional manufacturing strongholds such as electronics. The focus of this research study investigates three major HTHV industries currently; namely Aerospace, Biopharmaceutical and Chemical. Simultaneously, the author also looked at relevant quantitative data such as the Standard Industrial Classification and space reallocation amongst the various industries. Research analysis showed that the impact of the current industrial restructuring on the profiles of manufacturing properties can be broadly categorised into physical and non-physical aspects. A higher degree of physical integration, strata-titled industrial units, increased number of ramped-up industrial facilities and innovative real estate solutions form the physical changes while closer interlinks with the financial industry brought about by the advent of investment trusts and new potential government zonings highlight the non-physical impacts. The research study concluded with recommendations for similar future researches.