SINGAPORE (Nov 1): Singapore’s Deputy Prime Minister and Coordinating Minister for Economic and Social Policies, Tharman Shanmugaratnam, on Tuesday officially opened Singapore Post’s Regional eCommerce Logistics Hub.

The $182 million facilityat Tampines Logistics Park is SingPost’s largest eCommerce logistics investment in Singapore to date.

With a total built-up area of 553,000 sq ft, the three-storey facility houses two warehousing floors, 150 simultaneous loading bays as well as an office block.

On the ground floor of the building is a fully automated parcel sorting facility with a capacity of up to 100,000 parcels a day.

The eComm Log Hub will process parcels for delivery within Singapore and those to be shipped to destinations worldwide.

“Everything in this building is scalable, which means we can keep upgrading it to meet the needs of the future,” says SingPost’s Chairman Simon Israel.

“With the Regional eCommerce Logistics Hub, our POPStation network and our investments into technologies for new postal and logistics solutions, we are prepared for a sustainable future of car-lite cities and the sharing economy,” he adds.

At the opening ceremony on Tuesday, SingPost also launched its Centre of Innovation.

Set up in Aug 2015 with support from the Economic Development Board, the Centre of Innovation will carry out research into new logistics, postal service, and products. This will be done in collaboration with research institutions and institutions of higher learning.

SingPost says emphasis will be placed on new technologies such as robotics and automation to meet the needs of future customers and markets.

Earlier today at 9.29 a.m., SingPost was trading 1 Singaporean cent higher at S$1.61.