The Tuas View Link industrial site, prominently situated at 51 Tuas View Link, is currently available for sale with a guide price of $138 million. This prime property, spanning a total area of 456,810 square feet, is zoned for Business 2 industrial use and offers significant potential for investors and developers alike. The sale is being facilitated through an expression of interest (EOI) exercise, which will close on June 10 at 3 PM.
The site has an existing development that includes two blocks of single-storey warehouses, which collectively provide a gross floor area (GFA) of 323,831 square feet. However, one of the most compelling features of the Tuas View Link site is its redevelopment potential. With an increased maximum plot ratio of 2.5, the property could accommodate a GFA of up to 1.14 million square feet, allowing for extensive new development that could cater to the growing demands of the industrial sector in Singapore.
The leasehold tenure of the site commenced in 1996 and has approximately 31 years remaining, providing ample time for prospective buyers to realize their investment plans. Being a non-JTC asset, the Tuas View Link site comes with full ownership flexibility, which means there are no lease assignment or resale restrictions. This aspect makes it particularly attractive to a diverse range of stakeholders, including industrial users, developers, and real estate investment trusts (REITs), who may be looking for a strategic foothold in Singapore’s industrial landscape.
The marketing agent for the sale, Colliers, emphasizes the strategic nature of this landholding opportunity. Located in one of Singapore’s vital industrial zones, the site benefits from proximity to key transportation networks and industrial hubs, making it an appealing choice for businesses looking to establish a presence in this growing area.
The Tuas region, in particular, has been earmarked for significant development, with ongoing government initiatives aimed at enhancing infrastructure and facilitating industrial growth.
Investors are likely to appreciate the long-term capital appreciation potential associated with redeveloping the site. As demand for industrial space continues to rise, particularly in logistics and manufacturing sectors, the Tuas View Link site represents a viable investment opportunity poised for growth.
The flexibility offered by the non-JTC status further enhances the property’s appeal, as it allows for greater autonomy in terms of development and operational decisions.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an exciting new condominium launch that offers a variety of living spaces, from one to four-bedroom apartments, perfect for diverse buyers.
The project boasts modern designs and a range of amenities, including swimming pools and fitness centers.
With competitive pricing and strategic location near major transport links, River Green is set to attract a lot of interest.
For more details, including the River Green Floor Plan and project information, prospective buyers can explore the River Green e-brochure.
View River Green Showflat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
Images are not actual photos. For illustration purpose only.