Tuas industrial site up for sale by tender with asking price of $33 million

An industrial land (above) in Tuas is up for sale at an indicative price of $33 million. -- PHOTO: DTZ DEBENHAM TIE LEUNG  (SEA)
An industrial land (above) in Tuas is up for sale at an indicative price of $33 million. -- PHOTO: DTZ DEBENHAM TIE LEUNG  (SEA)

An industrial land in Tuas is up for sale at an indicative price of $33 million.

This works out to be about $75 per square foot on gross floor area.

The regular-shaped industrial site at 11 Gul Crescent has a prominent and long frontage along Pioneer Road.

It sits on a land of about 316,292 sq ft on 30-year lease commencing Jan 1, 2011.

According to the Master Plan 2008, the site is zoned "Business 2" at a plot ratio 1.4, with allowable gross floor area of some 442,809 sq ft.

The existing development comprises two single-storey high clearance factories with ancillary office space, a canteen and a staff restroom.

It has a total approved gross floor area of about 136,050 sq ft.

Industrial factories in the area are occupied by companies such as Sony Electonics, Sanofi Aventis, HTC, Energizer and Keppel Logistics.

DTZ has been appointed as the sole marketing agent for the sale, which is being conducted through a tender exercise which closes on Oct 3.