Two industrial properties in Tuas have been set up for sale through an expression of interest (EOI) exercise launch June 18.
The entire land area is 158,402 sq feet, which translates into $107 psf. One two-storey mezzanine mill with ancillary office space and three single-storey mill cubes, it’s a typical industrial mill.
Clavon by UOL condo is situated at Clementi Avenue 1 and is zoned for residential development. There are plans to develop a 40-storey development that will feature 640 units.
The property is zoned under Company 2 having a maximum allowable plot ratio of 1.4 beneath the URA Master Plan 2019. The property has a tenure of 30 decades, beginning from 2006. The rest of the tenure is roughly 16 decades.
Steven Tan, senior manager of capital markets and investment solutions in Colliers International, states that the website features an unutilised GFA quantum and also may be maximised to a entire GFA of 221,762 sq feet under the existing Master Plan, subject to acceptance. The property premium was completely paid upfront.
Another property is currently at 8 Tuas South St 6 and is currently available for an indicative cost of $6 million, which equates into about $183 psf according to its present total GFA of 32,663 sq ft.
The house is a five-storey detached factory construction finished in 2017. It includes a warehouse with ample office space, 11 parking lots along with a freight elevator. Tan claims that the large ceiling elevation of this house makes it convenient as a warehouse area. Moreover, the construction is just completed, so buyers are able to move in almost instantly.
The property is zoned under Company 2 having a maximum allowable plot ratio of 1.0. Having a leasehold tenure of 22 years commencing October 1, 2013, the land has a staying land tenure of roughly 13 decades. Located on JTC property, the yearly land lease was waived.
The attributes will also possibly be served with the Tuas South MRT Station on the East-West Line, whenever an expansion outside Tuas Link MRT Station is accepted. They’re also inside a 15-minute drive into the Tuas checkpoint.