The Tiong Seng Building, a prominent landmark in the Jurong Industrial Estate, is now on the market with a guide price of $25 million. This property stands as the tallest structure in the estate, boasting nine storeys that cater to a mix of industrial and office requirements. The first six levels are specifically designed for high-specification production space, offering an ideal environment for various industrial activities. The upper three levels are dedicated to modern office amenities, accommodating over 250 staff members, thus blending functionality with comfort.
Equipped with heavy industrial features, the Tiong Seng Building is well-suited for businesses involved in heavy manufacturing and construction. Notably, it includes 11 overhead cranes with capacities ranging from 10 to 20 tonnes, allowing for the efficient handling of heavy materials and equipment. Additionally, a cargo lift with a 5,000 kg capacity enhances the logistical capabilities of the building, making it easier for companies to transport goods and machinery within the premises.
Zoned for “Business 2” use, the Tiong Seng Building offers versatility for a range of heavy industrial activities. Potential buyers can utilize the space for construction equipment servicing, manufacturing of industrial-grade equipment, or other related functions that require substantial operational capacity. This zoning designation reflects the building’s strategic importance in supporting the industrial sector in Jurong, which is known for its robust infrastructure and business-friendly environment.
The sale process for the Tiong Seng Building includes an expression of interest exercise, which is scheduled to close on August 26, 2023. This timeline indicates a proactive approach to attract potential investors and businesses that recognize the value of owning a property with such significant industrial capabilities. The guide price of $25 million reflects both the building’s physical attributes and its strategic location within one of Singapore’s key industrial hubs.
Investors looking for opportunities in the industrial real estate market will find the Tiong Seng Building particularly appealing. Its combination of heavy industrial features and office space makes it a unique offering, suitable for companies that require both production facilities and administrative offices under one roof.
The building’s height and modern amenities further enhance its attractiveness, as firms are increasingly drawn to locations that can accommodate their growth while providing a conducive work environment.
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News Source: Edgeprop
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