Asking Price
Sq. Footage 95,174
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1997
Tenure Type Leasehold
Lot Size 102,000 HECTARES

Property Description

The subject property is a two story factory with a mezzanine level. The warehouse/production areas have high ceiling height and large floor plate. The site is zoned heavy industry, B2, which gives industrialist the free hand to handle heavy equipment unlike the restrictive regulations around light-industrial estate. Located within an established industrial estate and close to housing estate, it is well-connected via major roads and Ayer Rajah Expressway (AYE) and Pan Island Expressway (PIE). It is also within walking distance to the Joo Koon MRT Station, where the new Joo Koon Hub is located.  There is also easy access to the Second Link and Iskandar Region.


 

Investment Highlights


  • Parcels of industrial land with balance lease terms of more than 30 years are limited
  • Due to its limited supply, industrialists who require warehousing space and/or heavy production areas have to bid for limited and well contested Government land sale sites
  • The subject property thus presents an opportunity for Corporates and small and medium enterprises industrialists looking to expand or looking to set up a base in Singapore
  • To further meet their needs, the Gross Floor Area of the site could be maximized


 

 

Nicholas Ng
Nicholas Ng
Senior Director, Capital Markets, Singapore

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