An industrial property of over 500,000 sq ft with waterfront access is now available for sale at 1 Benoi Road, located at the junction with Pioneer Road, within Jurong Industrial Estate. Suitable for a variety of uses, such as shipbuilding, ship or vessel repair and maintenance, the property is around 24 km from the city centre, with convenient access to the nearby Ayer Rajah Expressway and Pan-Island Expressway, as well as Joo Koon MRT Station.
The plot is regular in shape, with a corner frontage of about 255m on Benoi Road and Pioneer Road, and an average plot depth of about 213m. It extends eastwards along the waterfront roughly 230m, with a flat contour. The guide price of the property is $11.3 million.
Recent transactions of similar industrial properties in Benoi Road include the acquisition of a 328,105 sq ft plot at 5 Benoi Road by ST Engineering in December …
Tender for residential government land sale (GLS) site at Lentor Gardens closed today with a single bid from GuocoLand and Intrepid Investments. The joint venture partners submitted a bid of $486.8 million, which translates to a land rate of $985 psf per plot ratio (psf ppr). This is the lowest bid for the Lentor precinct to date.
The last two GLS sites to be sold in Lentor were at Lentor Central and Lentor Hill (Parcel B). Lentor Central was awarded to a consortium led by China Communications Construction, Soilbuild Group Holdings and United Engineers at a winning bid of $481.03 million ($1,108 psf ppr). TID, a joint venture between Hong Leong Group and Mitsui Fudosan, was the successful bidder for the Lentor Hill (Parcel B) at $276.36 million ($1,130 psf ppr).
Meanwhile, in January 2022, a GLS site at Lentor Hills Road (Parcel A) was sold to GuocoLand, Hong Leong …
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