A property with waterfront access located at the popular intersection of Benoi Road and Pioneer Road within Jurong Industrial Estate is now open for sale. The site area in total spans across over 500,000 sq ft. and consists of a two-storey office block plus an annexe office, three blocks of single-storey workshops, a mould loft building, a fabrication workshop and a wharf.
The property has been listed via an expression of interest (EOI) exercise, with a guide price at $11.3 million and is suitable for land usage such as shipbuilding, ship or vessel repair and maintenance.
The property is approximately 24km from the city centre, situated in close proximity to numerous housing estates like Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens. Drivers will find easy access to the area via Ayer Rajah Expressway and Pan-Island Expressway and the nearby Joo Koon MRT Station is just five-minutes away.
Given the rare availability for property that caters to such land usage, Isabel It, associate division director at Huttons Asia, has noted that the plot offers an ‘access-road level with a flat contour,’ with a regular shape spanning 255m on Benoi Road and Pioneer Road, and an average plot depth of 213m. The recent acquisition of 1.5 million sq ft at 55 Gul Road – a 10-minute drive away – was sold for $95 million in February, while a similar sized property at 5 Benoi Road in December 2020 was sold at $10.5 million.
The sale of 1 Benoi Road is subject to approval from relevant authorities, with the EOI exercise closing on April 27 at 3pm.
Whether you’re an investor seeking to expand your business, or a buyer on the lookout for new real estate ventures, this property offers a great opportunity for growth. With consistent transactions taking place for industrial properties on Benoi Road, the sales of this property promises to continue the trend.