An industrial site at 51 Tuas View Link is up for sale through an expression of interest (EOI) exercise with a guide price of $138 million. The 456,810 sq ft site is zoned for Business 2 industrial use is a non-JTC asset, with a private leasehold tenure starting from 1996, says marketing agent Colliers. This means there are about 31 years remaining on the lease.
The site has a current plot ratio of 0.7 and features two blocks of single-storey warehouses with mezzanine levels. The warehouses have a total gross floor area (GFA) of 323,831 sq ft.
According to Colliers, the site may be redeveloped up to a maximum plot ratio of 2.5 or a maximum GFA of 1.14 million, providing the option for intensified usage and long-term capital appreciation. As a private leasehold asset, the site is not subject to lease assignment or resale restrictions, offering full ownership flexibility, the agency adds.
“This rare asset represents a unique opportunity for industrial users, developers, funds, REITs and family offices to secure a strategic landholding while expanding their foothold in one of Singapore’s most vital industrial zones,” says Colliers in a May 6 press release.
The EOI for the site will close on June 10 at 3pm.
