The Tuas View Link industrial site, located at 51 Tuas View Link, is now on the market with a guide price of $138 million. This property spans a total area of 456,810 square feet and is zoned for Business 2 industrial use, making it a prime candidate for various industrial applications.
Its strategic location in the Tuas area is particularly advantageous, given the proximity to key transportation networks and industrial hubs, which are essential for businesses looking to optimize logistics and operational efficiencies.
The site currently features two blocks of single-storey warehouses encompassing a total gross floor area of 323,831 square feet. While the existing structures provide significant space for industrial activities, the property also presents substantial redevelopment potential.
With approximately 31 years remaining on the lease, buyers can capitalize on the opportunity to increase the maximum plot ratio from the current 0.7 to 2.5. This increase would allow for a gross floor area of up to 1.14 million square feet, significantly enhancing the value and utility of the site.
The flexible ownership structure of this private leasehold asset is another attractive feature for potential buyers. Unlike many properties, this site does not impose lease assignment or resale restrictions, which provides buyers with the freedom to adapt their investment strategies as needed.
This flexibility is particularly appealing to a diverse range of stakeholders, including property developers and family offices, who may be looking for a long-term asset or an opportunity to create a tailored industrial facility that meets specific operational needs.
Colliers, acting as the marketing agent for this opportunity, has set the expression of interest (EOI) deadline for June 10 at 3 pm. This timeline adds a sense of urgency for interested parties, who will need to evaluate the property quickly and thoroughly to seize the opportunity.
The EOI process is designed to attract serious investors who recognize the strategic advantages that come with acquiring such a significant landholding in a rapidly developing region.
The Tuas View Link industrial site is not merely a piece of real estate; it represents a strategic investment in Singapore’s evolving industrial landscape. As the nation continues to push for advanced manufacturing and logistics capabilities, properties like this one are poised to play a critical role in meeting the demands of the market.
With its redevelopment potential, strategic location, and flexible ownership terms, the site stands out as a compelling opportunity for investors looking to leverage the growth in the industrial sector.
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News Source: Edgeprop
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