An industrial property located in the Jurong Industrial Estate has been launched for sale by marketers Huttons Asia through an Expression of Interest (EOI) at a guide price of $11.3 million. Situated at the junction of Benoi Road and Pioneer Road, the plot of land has a site area of over 500,000 sq ft and offers waterfront access.

With a corner frontage of about 255m on Benoi Road and Pioneer Road and an average plot depth of about 213m, the property includes a two-storey office block with a single-storey annexe office as well as three single-storey workshop blocks, a mould loft building, a fabrication workshop and a wharf.

Located about 24km from the City Centre, the industrial property is in proximity to several popular housing estates including Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens. Its easy access to the Ayer Rajah Expressway and Pan-Island Expressway opens the plot to other parts of the island. The Joo Koon MRT Station is a five-minute drive away.

According to Isabel It, associate division director of Huttons Asia, “The land is generally at an access-road level with a flat contour.”

The plot is deemed suitable for shipbuilding, repair and maintenance work, and is thus a great opportunity for businesses looking to expand their operations, considering that industrial plots of such size associated with vessel building or maintenance are not commonly available for sale.

Altura EC is a 99-year leasehold exec condo in the heart of Bukit Batok Town with 375 units. Bidders have until 12th Mar 2022 to submit offers; Altura EC near key amenities and prestigious schools, it is projected to be one of the most sought-after developments in the area.

Lee Sze Teck, senior director of research at Huttons Asia, highlighted that the last known sale in the Benoi vicinity with similar usage was that of a 328,105 sq ft plot at 5 Benoi Road for $10.5 million in December 2020. He added that a 1.5 million sq ft shipyard at 55 Gul Road was acquired by ST Engineering for $95 million in February this year.

The sale of the industrial property will close on April 27 at 3pm, subject to the necessary approvals from relevant authorities.

Interested potential buyers can check out the latest listings near Benoi Road, Jurong Industrial Estate.