Cushman & Wakefield has announced the sale of a unique 6-storey industrial building located at 10 Tampines Industrial Avenue 3, Singapore. This property, featuring cleanroom facilities and ancillary office space, is being marketed by Cushman & Wakefield as an exclusive opportunity for potential buyers. The building boasts a substantial land area of approximately 997,330 square feet and a gross floor area of about 1,905,831 square feet, with an unutilised plot ratio offering further development potential.
The property stands out with its 34-year remaining land tenure, a significant advantage over typical industrial leases of 20 to 30 years. Key features include a dual-source 50 MVA power supply, water cooling systems, vibration control, and ample loading bays, making it ideal for manufacturing operations. Its proximity to Singapore’s wafer fabrication parks and semiconductor companies enhances its appeal to businesses in these sectors.
Strategically positioned near major expressways and just 15 minutes from Changi Airport, the building is easily accessible and conveniently located near Tampines MRT station. Singapore’s robust infrastructure and strategic advantages have made it a hub for global semiconductor companies, with the electronics sector driving significant fixed asset investment in 2024.
Brenda Ong, Executive Director of Logistics & Industrial Markets at Cushman & Wakefield, highlighted the property’s appeal: “This trophy asset offers appealing plug-and-play solutions for occupiers who are looking to lower upfront costs and shorten downtime resulting from construction and regulatory approval processes.”
The property is available for sale via private treaty, with an indicative price of $380m. Interested parties are encouraged to contact Cushman & Wakefield for further enquiries and to schedule a viewing.
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