Photo of Tuas Ave 10 (Source: Huttons Asia)
Huttons announced the sale of a B2 factory at Tuas Avenue 10 via an expression of interest (EOI) at a guide price of $13.8 million.
This works out to about $222 psf on the regular-shaped land plot of about 62,025 sq ft and $273 psf on the existing gross floor area (GFA) of about 50,553 sq ft. JTC has granted a lease extension till 31 December 2054.
The site is currently built to a plot ratio of about 0.82, well below its permissible plot ratio of 1.4. This gives a buyer the potential to expand the GFA to an estimated 86,835 sq ft, subject to the approval of JTC and the relevant authorities. Based on the maximum potential GFA, the purchase price works out to about $159 psf ppr.
Located within Tuas, Singapore’s largest industrial estate, the property is well connected via the Ayer Rajah Expressway (AYE) and Pioneer Road. It is also near Tuas Mega Port, which is being developed in phases into the world’s largest fully automated container terminal and is set to strengthen the area as a hub for logistics, manufacturing and maritime-related industries.
“Large land-based JTC factories in the west with remaining lease of about 28 years are not easy to come by, especially on a regular plot of over 60,000 sq ft,” said Aric Lim, Group District Director at Huttons Asia. “What sets 8 Tuas Avenue 10 apart is the unused plot ratio. An owner-occupier can run operations from day one and expand on the same site later, rather than relocating as the business grows.”
“At about $159 psf ppr, we expect interest from industrial business users looking to consolidate, investors seeking a long-lease industrial asset with rental upside, and developers looking to redevelop and maximise GFA,” said Quek Fujin, Head of Business Space at Huttons Asia.
“Strategically located near Tuas Port and the Second Link, the property is optimised for efficient logistics and industrial operations. Excellent connectivity is anchored by the nearby Tuas West Road MRT station and the Ayer Rajah Expressway (AYE), ensuring seamless accessibility for workers,” added Lee Sze Teck, Senior Director of Data Analytics of Huttons Asia.
As the property is on JTC land, the sale is subject to JTC’s approval of the buyer and its intended use. Interested parties are invited to submit their Expression of Interest for Tuas Avenue 10 by 15 Dec 2026. Viewings are strictly by appointment.
Source: Huttons Group
