Sats is prudent to hold off food hub construction
It says disruptions in the global supply chain have amplified the rise in materials pricing while construction and labour costs surge on inflationary pressures
SATS has decided not to proceed with the development of a food hub on a site in the Jurong Innovation District, two years after a high-profile ground-breaking ceremony in April 2022.
Announcing the decision last month, Sats pointed out that disruptions in the global supply chain have amplified the rise in costs of materials and escalating inflationary pressures have driven up construction and labour costs.
The five-storey building called Sats Food Hub was originally slated for completion in 2024, complete with facilities for food manufacturing and production kitchens. There were also plans for an innovation lab, a warehousing and logistics centre, a food court and an experiential centre.
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