Far East Organization puts Tuas asset with big redevelopment potential on the market
The indicative guide price of about S$138 million reflects S$120 psf ppr on maximum 1.14 million sq ft gross floor area
[SINGAPORE] Far East Organization has put on the market a sizeable industrial property in Tuas with substantial redevelopment potential.
Located at 51 Tuas View Link, the property has a site area of 456,810 square feet (sq ft) and 60 year-leasehold tenure from July 1996, leaving a balance term of about 31 years. On the site are two blocks of single-storey warehouses with mezzanine levels.
The indicative guide price is about S$138 million.
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