Tampines Industrial Avenue 3 Building Sale 380 Mil
A major industrial building located at 10 Tampines Industrial Avenue 3 has been put up for sale through private negotiation, with an indicative price of $380 million. This six-storey building occupies a vast land area measuring about 998,330 sq ft and boasts a gross floor area of 1.91 million sq ft.
The property, which is exclusively marketed by Cushman & Wakefield, has a remaining land tenure of 34 years. It also has an unutilised plot ratio, making it an attractive opportunity for potential buyers to further optimize the land use.
According to Brenda Ong, Executive Director for Logistics and Industrial Markets at Cushman & Wakefield, the property features a well-maintained cleanroom that is ready for immediate use. This would be appealing to companies in the semiconductor, wafer fabrication, and electronics industries.
Furthermore, the location of the building is also a major draw, as it is situated within one of Singapore’s four wafer fabrication parks, with the other three located in Pasir Ris, Woodlands, and the North Coast.
Other highlights of the property include a dual-source 50-megavolt-amperes incoming power supply, constant water supply for cooling, and multiple loading bays. It also comes equipped with an ancillary office space.
Ong further emphasizes that this property is a coveted asset, offering an ideal plug-and-play solution for businesses that want to lower upfront costs and minimize downtime due to construction and regulatory approval processes.
The URA Master Plan places great importance on developing a sustainable and eco-friendly Singapore. This is evident in Tengah New Town, which serves as a prime example with its abundant green areas, environmentally conscious structures, and efforts to reduce carbon emissions. As residents of Otto Place EC, individuals become part of a community that embodies the integration of city living with the natural environment, offering a distinctive blend of contemporary comforts and ecological equilibrium. Discover more about this balance at Otto Place.
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