Singapore
JTC land-based production facility with long lease tenure and large Gross Floor Area uplift for sale
July 28, 2023
Associated Contact
Head of Marketing & Communications, Singapore
Singapore, 28 July 2023 – CBRE, as the appointed exclusive marketing agent, is offering for sale an industrial site with production and manufacturing facilities and an ancillary office, located at 5 Tuas Avenue 18A.
At an indicative price of S$6.0 million, the sale will be via a private treaty.
Sitting on a 22,500 square-foot site, which has a remaining lease till August 2050, the industrial development has a total gross floor area of approximately 11,900 square feet.
Under the Master Plan 2019, the site is zoned for “Business 2” with a plot ratio of 1.4. Hence, the building can enjoy a potential built-up area of approximately 31,500 square feet, leaving almost 20,000 square feet of unutilised plot ratio.
The subject property comprises manufacturing and production space on level 1, and an ancillary office space on level 2. Level 1 has a high ceiling height of 9m and floor loading of 12.5 kN/m2, which can serve logistics and production use that require covered warehouses with higher height. It can also be used to increase total gross floor area by erecting a mezzanine floor over the high ceiling area, increasing the amount of floor space available within the current building structure.
Mr Graeme Bolin, Head of Occupier and Leasing, Industrial and Logistics Services, says, “Land-based factories in the West-region with long lease tenures above 25 years are currently in tight supply, amidst the already strong demand of ground floor warehouse and production space within Singapore. 5 Tuas Avenue 18A presents an opportunity for small to medium enterprises to secure their manufacturing and production facilities over the long term. They can confidently invest in hi-tech equipment and fit out, assured by the security of a long lease tenure. These owner-occupiers will find strong value with a property of good building specification and being strategically located within the heart of the Tuas manufacturing zones.”
5 Tuas Ave 18A enjoys excellent connectivity. It is a 15-minute drive from Second Link Causeway (Tuas checkpoint), Tuas Mega Port, Pan Island Expressway (PIE) and Ayer Rajah Expressway (AYE). Tuas Crescent MRT station is 5-minute drive away and bus stops are in its immediate vicinity.


About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.