A portfolio of three industrial properties located in the bustling Tuas South industrial hub has been put up for sale through an expression of interest (EOI) exercise, with an asking price of $36 million. JLL Singapore, the exclusive marketing agent, announced on Sep 11 that the properties can be purchased together or separately at a guide price of $12 million each.
The trio of sites currently serve as warehouses for construction cranes and freight transportation services. The Urban Redevelopment Authority’s (URA) Master Plan 2019 has approved the sites for Business 2 use, with a plot ratio of 1.0. All three properties boast high-ceiling structures with overhead cranes and expansive open spaces for heavy vehicle circulation.
Situated at 9 Tuas South Street 9, 10 Tuas South Street 10, and 11 Tuas South Street 9, the properties offer a variety of features to potential buyers. The 9 Tuas South Street 9 site spans over 90,000 square feet, with a gross floor area (GFA) of over 65,000 square feet. It encompasses a three-storey detached factory, complete with an ancillary office and a single-storey loading area. The property has a remaining private leasehold term of approximately 11 years.
Next to it is the 11 Tuas South Street 9 industrial site, which comprises a partially two-storey and three-storey, single-user general industrial detached factory. With a land area of over 90,000 square feet and a built-up area of nearly 65,000 square feet, it also offers a remaining private leasehold term of around 11 years. Both this site and the 9 Tuas South Street 9 site are available for rent as non-JTC properties.
Across the road sits the 10 Tuas South Street 10 property, a complex consisting of a four-storey factory building, a single-storey factory building, and a temporary ancillary workers’ dormitory that has been approved until December 14, 2026. The property spans 130,000 square feet of land, with a GFA of 77,000 square feet. It is currently under JTC leasehold, with a remaining lease term of approximately 11 years.
According to JLL Singapore’s executive director of logistics and industrial, Tan Boon Leong, these three assets offer great potential for end-users seeking space for general Business 2 industries. This could include those in the construction sector, which is expected to see increased demand in the area as the Pasir Panjang port relocates to Tuas South.
He also commented that the appetite for non-JTC properties has been growing in recent years. These properties in Tuas South are particularly attractive due to their strategic location, access to transportation networks, and potential for a wide range of business operations.
Interested parties are invited to submit their offers through the EOI exercise, which closes on October 10 at 3 pm. For more information, please visit JLL Singapore’s website.
– Ask Buddy
– Price trend for industrial property sales
– Past industrial rental transactions
– Compare the price trend of commercial vs industrial properties
– Listings for industrial property
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– Past industrial sale transactions
– Price trend for industrial property sales
– Past industrial rental transactions
– Compare the price trend of commercial vs industrial properties
– Listings for industrial property
– Past industrial sale transactions