The Tuas View Link industrial site, located at 51 Tuas View Link, has been put on the market with a guide price of $138 million. This property encompasses a total area of 456,810 square feet, zoned for Business 2 industrial use, making it a prime candidate for various industrial applications. The site features two blocks of single-storey warehouses, with a current gross floor area (GFA) of 323,831 square feet. With approximately 31 years remaining on its private leasehold, the site offers a significant amount of time for potential owners to develop and maximize its utility.
One of the key advantages of the Tuas View Link industrial site is its redevelopment potential. With a maximum plot ratio of 2.5, there is an opportunity to increase the GFA to an impressive 1.14 million square feet. This potential for expansion positions the site as a valuable asset for developers looking to capitalize on the growing demand for industrial space in Singapore. The ability to significantly enhance the GFA makes the property particularly attractive to investors, as it allows for various development strategies that could yield substantial returns.
The Tuas View Link industrial site is classified as a non-JTC asset, which provides full ownership flexibility. This aspect is crucial for various stakeholders, including industrial users, developers, and real estate investment trusts (REITs). The flexibility of ownership means that potential buyers can tailor their investment strategies according to their specific needs and objectives. This versatility enhances the site’s appeal, especially in a market where industrial space is increasingly sought after.
Marketing the asset is Colliers, which has positioned the site as a rare opportunity in Singapore’s industrial property market. The expression of interest (EOI) for the site is set to close on June 10 at 3 pm, creating a sense of urgency among potential buyers. With the industrial sector in Singapore experiencing a resurgence, the timing for such a sale appears favorable. Investors are likely to be drawn to the site not only for its current features but also for its long-term growth potential.
The strategic location of Tuas View Link adds another layer of desirability to the site. Situated in an area that has been earmarked for significant industrial development, the site benefits from improved connectivity and access to key transport networks. This aspect is vital for businesses looking to optimize their logistics and operational efficiencies.
As Singapore continues to enhance its infrastructure, properties in industrial zones like Tuas View Link are likely to see increased demand.
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News Source: Edgeprop
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