Tuas View Link Industrial Site Sale 138 Mil
The expression of interest (EOI) period for the industrial site at 51 Tuas View Link has officially begun, with a guide price of $138 million. The site, spanning 456,810 sq ft, is currently zoned for Business 2 industrial use and is a privately owned leasehold asset, according to Colliers, the company in charge of marketing the property. The site’s leasehold tenure began in 1996 and currently has about 31 years remaining.
Nestled in one of the most sought-after areas in Singapore, the prominent Otto Place EC boasts a highly convenient location, easily accessible to key transportation hubs and major expressways. Its strategic positioning provides a seamless commute for residents to their workplace, schools, and leisure destinations. Interested individuals can now discover the impeccable Otto Place EC Hoi Hup, perfectly situated to cater to their every need.
The existing plot ratio for the site is 0.7 and it features two blocks of single-storey warehouses with mezzanine levels, providing a total gross floor area (GFA) of 323,831 sq ft. However, Colliers has stated that there is potential for redevelopment, with a maximum plot ratio of 2.5 or a GFA of 1.14 million, allowing for increased usage and long-term capital appreciation. As a privately held leasehold asset, this site does not have any restrictions on lease assignment or resale, offering full ownership flexibility, according to the agency.
Colliers has released a press release on May 6th, stating that this unique opportunity is open to industrial users, developers, funds, REITs and family offices who are looking to acquire a strategic landholding in one of the most important industrial zones in Singapore. The EOI for this site will close on June 10th at 3pm.
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