Three Tuas South industrial properties for sale at $36 mil
/ EdgeProp Singapore |
The 9 Tuas South Street 9 property occupies a site area of over 90,000 sq ft (Photo: JLL)
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SINGAPORE (EDGEPROP) - A portfolio of three industrial properties in the Tuas South industrial hub has been put on the market via an expression of interest (EOI) exercise for $36 million. According to a Sept 11 press release by exclusive marketing agent JLL Singapore, the sites can be purchased together or separately at a guide price of $12 million each.
The three sites are used for warehousing and storing construction cranes and freight transportation services. Based on the URA’s Master Plan 2019, the sites are approved for Business 2 use with a plot ratio of 1.0. All three properties have high-ceiling structures with overhead cranes and ample open land for heavy vehicle circulation.
The properties are located at 9 Tuas South Street 9, 10 Tuas South Street 10 and 11 Tuas South Street 9. The 9 Tuas South Street 9 property occupies a site area of over 90,000 sq ft and a gross floor area (GFA) of over 65,000 sq ft. It houses a three-storey detached factory with an ancillary office and a single-storey loading area. The asset has a remaining private leasehold term of about 11 years.
Adjacent to it is the 11 Tuas South Street 9 industrial site. It has a part 2 and three-storey single-user general industrial detached factory. The site occupies 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. This site and the 9 Tuas South Street 9 site could be rented out as they are non-JTC properties.
The 11 Tuas South Street 9 site has a part 2 and three-storey single-user general industrial detached factory (Photo: JLL)
Across the street is the 10 Tuas South Street 10 property, which comprises a four-storey factory building, a single-storey factory building, and a temporary ancillary workers’ dormitory approved until Dec 14, 2026. The property’s land measures 130,000 sq ft with a GFA of 77,000 sq ft. It is currently under a JTC leasehold with a balance lease term of about 11 years.
The 10 Tuas South Street 10 property is under a JTC leasehold with a remaining lease of about 11 years (Photo: JLL)
Tan Boon Leong, executive director of logistics and industrial at JLL Singapore, says that the three assets would be useful for end-users needing space for general Business 2 industries. This could include those in the construction industry, which will be in demand in the locality as the Pasir Panjang port moves to Tuas South.
“Appetite for non-JTC properties has been increasing in recent years. These properties in Tuas South stand out for their location, access to transport networks, and opportunity for diverse business operations,” adds Tan.
The EOI closes on Oct 10 at 3pm.
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