Now on the market via an expression of interest (EOI) for $36 million is a portfolio of three industrial properties inside the Tuas South industrial region. A September 11 JLL Singapore press release claims that these properties can be purchased either individually or as a package for a suggested price of $12 million apiece. The sole marketing agent is JLL Singapore.
Mostly utilised for warehouses, storage of building cranes and goods movement, the three locations house Under the Master Plan 2019 of the URA, they are zoned for Business 2 use with a 1.0.0 plot ratio Every site has spacious open areas fit for big vehicle traffic and high ceiling constructions with overhead cranes.
The properties are situated at 9 Tuas South Street 9, 11 Tuas South Street 9, and 10 Tuas South Street 10. Comprising about 90,000 square feet of land and a gross floor area (GFA) of 65,000 square feet, the property at 9 Tuas South Street 9 It has a single-storey loading area, ancillary office space, and a three-storey detached factory. There roughly eleven years left on the leasehold.
Beside it, the 11 Tuas South Street 9 property boasts 65,000 square feet of built-up space and more than 90,000 square feet of ground. With the same remaining lease term, it comprises a two- and three-storey general industrial facility. Both buildings can be rented out and are not JTC.
Along with a temporary workers’ dorm approved until December 2026, the third site, 10 Tuas South Street 10, features a four-storey and a single-storey factory. Under a JTC leasehold with roughly 11 years left, this site spans 130,000 square feet with a GFA of 77,000 sq ft.
Executive director of logistics and industrial at JLL Singapore Tan Boon Leong observes that these assets are fit for end users in sectors like construction, which would probably expand in the area when the Pasir Panjang port moves to Tuas South. He also notes growing demand for non-JTC assets in recent years thanks to their strategic position and commercial possibilities.
The EOI ends at 3pm on October 10.
