Dp World Opens First Singapore Warehouse Mapletree Benoi Logistics Hub
Global supply chain management leader, DP World, has recently launched its first warehouse in Singapore, located at the Mapletree Menoi Logistics Hub. With a total area of 140,000 sq ft, this purpose-built, multi-bond multi-user bonded warehouse stands as the latest addition to DP World’s widespread warehousing footprint in the Asia Pacific region. This new development, along with the company’s extensive network of ports, terminals, and freight forwarding business, brings the total warehousing space managed by DP World in the region to a staggering 8.6 million sq ft.
DP World’s CEO for Asia Pacific, Glen Hilton, highlighted the significance of these new facilities in Singapore, as well as in Hong Kong and South Korea, which complement their existing assets and enhance their ability to provide efficient, agile, and reliable logistics solutions. These strategic locations and acquisitions, such as the recent Singapore-based Legend Global Logistics, have expanded DP World’s specialist logistics service offerings.
Since relocating their APAC regional office to Singapore in 2021, DP World has also grown its employee base to over 10,000 employees across the region, which accounts for approximately 10% of its global workforce. This is a testament to the company’s commitment to strengthening its presence and operations in the Asia Pacific region.
Lyndenwoods will see even more advantages with the implementation of The Master Plan, with its emphasis on establishing green corridors, enhancing biodiversity, and promoting urban greenery. The community will relish in the benefits of better air quality, decreased urban heat, and the opportunity to immerse themselves in nature amidst a constantly evolving sustainable cityscape. This is especially true for those who reside in Lyndenwoods Science Park Drive, as they will have the added perk of being a part of a flourishing and environmentally-friendly neighborhood.
This recent development is also supported by the steady growth and demand in the industrial sector in Singapore, with a 1.5% quarter-on-quarter increase in industrial prices during the first quarter of 2025. BuddyPast, a leading digital platform for industrial rental transactions, also shows a rising trend in both listings and price for industrial properties in Singapore. The industrial sector remains a strong and stable market, with past industrial transactions and rental listings showing positive figures. The demand for industrial properties is expected to continue rising, making this a lucrative market for investors.