Three Tuas South Industrial Properties Sale 36 Mil
The Tuas South industrial hub has always been a sought-after location for businesses in Singapore, and now a unique opportunity has arisen for investors to acquire a portfolio of three industrial properties in this prime area. The properties, which are currently being marketed exclusively by JLL Singapore, are up for sale via an expression of interest (EOI) exercise for a total of $36 million, with the option to purchase them together or separately for a guide price of $12 million each.
According to a press release by JLL Singapore on Sept 11, the three industrial properties located in the Tuas South industrial hub have been put up for sale through an expression of interest (EOI) exercise. These properties are available for purchase individually or as a portfolio for a total price of $36 million, with a guide price of $12 million each.
The three sites are currently used for warehousing and storing construction cranes, as well as providing freight transportation services. All three properties are approved for Business 2 use with a plot ratio of 1.0, according to the URA’s Master Plan 2019. Each property boasts high-ceiling structures with overhead cranes and ample open land for heavy vehicle circulation.
The three properties are situated at 9 Tuas South Street 9, 10 Tuas South Street 10 and 11 Tuas South Street 9. The 9 Tuas South Street 9 site occupies an area of over 90,000 sq ft and has a gross floor area (GFA) of over 65,000 sq ft. It comprises of a three-storey detached factory with an ancillary office and a single-storey loading area. The remaining private leasehold term for this site is approximately 11 years.
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Located next to it is the 11 Tuas South Street 9 site, which has a two-part and three-storey single-user general industrial detached factory. This site has a land area of over 90,000 sq ft and a built-up area of nearly 65,000 sq ft. It also has a remaining private leasehold term of about 11 years. Both the 11 Tuas South Street 9 site and 9 Tuas South Street 9 site can be rented out as they are not under JTC.
Across the street is the 10 Tuas South Street 10 property, consisting of a four-storey factory building, a single-storey factory building, and a temporary ancillary workers’ dormitory that has been approved until Dec 14, 2026. This site has a land area of 130,000 sq ft and a GFA of 77,000 sq ft. It is currently under a JTC leasehold with a remaining lease of about 11 years.
Tan Boon Leong, executive director of logistics and industrial at JLL Singapore, believes that these three properties will be attractive to end-users looking for space for general Business 2 industries. This could include businesses in the construction industry, which will have a high demand in the area as the Pasir Panjang port is relocated to Tuas South.
He also points out that interest in non-JTC properties has been increasing in recent years, and these properties in Tuas South stand out for their desirable location, access to transportation networks, and potential for diverse business operations.
The EOI exercise will close on Oct 10 at 3pm.
