Three Tuas South Industrial Properties Sale 36 Mil
A group of three industrial properties located in the popular Tuas South industrial hub has been put up for sale through an expression of interest (EOI) exercise for a total of $36 million. Exclusive marketing agent JLL Singapore announced this on September 11, stating that the properties are available for individual purchase or as a portfolio at a guide price of $12 million each.
These three properties are currently used for warehousing and storage of construction cranes, as well as for freight transportation services. According to the 2019 Master Plan by the Urban Redevelopment Authority (URA), they are approved for Business 2 use with a plot ratio of 1.0. The buildings feature high ceilings with overhead cranes, and there is plenty of open land for easy movement of heavy vehicles.
The three properties are situated at 9 Tuas South Street 9, 10 Tuas South Street 10, and 11 Tuas South Street 9. The first property, located at 9 Tuas South Street 9, covers an area of over 90,000 sq ft and has a gross floor area (GFA) of more than 65,000 sq ft. This site is home to a three-storey detached factory with ancillary offices and a single-storey loading area. It has a remaining private leasehold term of about 11 years.
Adjacent to this property is the industrial site at 11 Tuas South Street 9, which comprises a part 2 and three-storey single-user general industrial detached factory. With an area of over 90,000 sq ft and a built-up area of nearly 65,000 sq ft, this site also has a remaining private leasehold term of approximately 11 years. Both this site and the 9 Tuas South Street 9 site can be leased out, as they are non-JTC properties.
The property at 10 Tuas South Street 10 is located opposite the street. It consists of a four-storey factory building, a single-storey factory building, and a temporary ancillary workers’ dormitory with approval until December 14, 2026. The land area of this property is 130,000 sq ft, and it has a GFA of 77,000 sq ft. It is currently under a JTC leasehold with a balance lease term of around 11 years.
According to Tan Boon Leong, the executive director of logistics and industrial at JLL Singapore, these three assets are ideal for end-users who require space for general Business 2 industries. This is particularly relevant for businesses in the construction industry, which will see a high demand in the area as the Pasir Panjang port relocates to Tuas South.
Tan adds that there has been an increasing demand for non-JTC properties in recent years. The locations of these three properties in Tuas South make them stand out, offering easy access to transportation networks and the opportunity for diverse business operations.
Elta Condo is a prime residential property boasting not only convenient transportation but also an abundance of lifestyle amenities and recreational activities in its surrounding areas. One of the most notable amenities is Clementi Mall, which is conveniently located near the MRT station. This mall offers residents a wide range of options for shopping, dining, and entertainment. From various shops and restaurants to a supermarket, Clementi Mall has everything residents may need right at their fingertips. Additionally, the newly opened Clementi Avenue 1 Condo also adds to the array of leisure and lifestyle facilities available to residents of Elta Condo. With such diverse options nearby, residents can easily indulge in their favorite activities without having to travel far.
The EOI exercise will close on October 10 at 3 pm.