Tai Seng industrial property for sale

The property is a purpose-built, six-storey, single-user detached building with a GFA of 6,504.3 sqm.

An industrial property located at Yew Lee Building at 17 Tai Seng Drive has been launched for sale via an expression of interest (EOI), an announcement by Cushman & Wakefield revealed.

Valued at $23m, the property is a purpose-built, six-storey, single- user detached industrial building completed in the 1990s with a land area of approximately 3,168.9 sqm and a gross floor area (GFA) of approximately 6,504.3 sqm. Sitting on JTC land, it has a leasehold tenure of 30+30 years commencing from 1 February 1993. Under the Ddraft Master Plan 2019, the site is zoned as “business 2” with a plot ratio of 2.5.

The property is located within the industrial park and data centre clustre in the Tai Seng area, and the buildings in the immediate vicinity include DHL, Eu Yan Sang, Starhub and several data centres, such as Equinix, Global Switch and China Mobile.

According to Lynus Pook, director of commercial/industrial at Cushman & Wakefield, the property will be sold on a vacant possession so that the purchaser can take immediate possession to carry out their plans, which might include redevelopment or refurbishment given that it has unutilised plot ratio.

The EOI will close on 6 August at 3 p.m.

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