SINGAPORE (March 1): Singapore Post on Tuesday celebrated the topping-out milestone of SingPost Regional eCommerce Logistics Hub at Tampines LogisPark.
The three-storey, 553,000 sf integrated facility has two warehousing floors, 150 simultaneous loading bays and an office block.
A fully automated parcel sorting facility - with end-to-end sorting, picking, packing, all the way to shipping and returns management – will occupy the entire ground floor to enable faster order fulfillments.
SingPost says the Regional eCommerce Logistics Hub will also see a 30 to 40% improvement in cost efficiency over the next 10 to 15 years compared to current operations, with the installation of innovative automation systems. It aims to maximise efficiency and productivity, thus resulting in lower operational costs.
The interior construction of the SingPost Regional eCommerce Logistics Hub will start immediately after today’s topping out ceremony, and the integrated facility will be fitted out with sorting automation and warehousing equipment that cost more than $30 million.
It will be fully operational in the second half of 2016, as planned.
Shares of SingPost closed 0.35% lower at $1.44 on Tuesday.