The Tuas South industrial hub has recently seen a surge in demand, and this has led to a portfolio of three industrial properties in the area being put on the market for a total of $36 million. The exclusive marketing agent for the properties, JLL Singapore, has announced on Sept 11 that they can be purchased together or separately at a guide price of $12 million each. The properties, which are approved for Business 2 use and have a plot ratio of 1.0 according to the URA’s Master Plan 2019, are currently used for warehousing and storing construction cranes and freight transportation services. All three properties feature high-ceiling structures with overhead cranes and ample open land for heavy vehicle circulation. The locations of the properties are 9 Tuas South Street 9, 10 Tuas South Street 10, and 11 Tuas South Street 9.
The 9 Tuas South Street 9 property covers an area of over 90,000 sq ft and has a gross floor area of over 65,000 sq ft. It consists of a three-storey detached factory with an ancillary office and a single-storey loading area. The property is currently under a private leasehold with about 11 years remaining.
Adjacent to this property is the 11 Tuas South Street 9 industrial site, which features a part 2 and three-storey single-user general industrial detached factory. It is situated on a land area of over 90,000 sq ft and has a built-up area of nearly 65,000 sq ft. Like the previous property, it also has a remaining private leasehold term of about 11 years. These two properties, being non-JTC properties, can potentially be rented out.
On the other side of the street is the 10 Tuas South Street 10 property, which comprises a four-storey factory building, a single-storey factory building, and a temporary ancillary workers’ dormitory that is approved until Dec 14, 2026. The land area of this property measures 130,000 sq ft with a total built-up area of 77,000 sq ft. It is currently under a JTC leasehold with about 11 years remaining.
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Executive director of logistics and industrial at JLL Singapore, Tan Boon Leong, highlights the usefulness of these three properties for end-users in need of space for general Business 2 industries. This may include businesses in the construction industry, which will see increasing demand in this area with the relocation of Pasir Panjang port to Tuas South.
Tan also notes the growing demand for non-JTC properties in recent years and believes that the prime location of these properties, along with easy access to transportation networks, make them an attractive investment opportunity for diverse business operations.
The expression of interest (EOI) exercise for these three properties will close on Oct 10 at 3pm. Interested buyers can also refer to JLL Singapore for past industrial property sales and rental transactions, as well as a comparison of price trends between commercial and industrial properties. Listings for industrial properties and past industrial sale transactions are also available on the website.