Industrial building in Yishun for sale at $19.2 mil

The last transaction in the area was a $13 million deal for a similar light industrial development at 603B Yishun Industrial Park A. It was sold by a listed company in July 2020, at a price of close to $628 per sq ft (psf) of land area, with a plot ratio of 2.5.At a higher indicative price of $19.2 million, the owners of 543 Yishun Industrial Park A are looking to sell the property at close to $179 psf of land area and a plot ratio of 2.5. For the same plot ratio, the existing GFA of 106,410 sq ft values the property at around $179 psf.

543 Yishun Industrial Park A, an 80,962 sq ft light industrial building in Singapore, is up for sale via an expression of interest exercise with an indicative price of $19.2 million. With a land area zoned for Business 1 use and a plot ratio of 2.5, the five-storey building boasts a gross floor area of 106,410 sq ft and a balance lease term of around 31 years. Edmund Tie, the marketing agent for the property, notes that it has a range of features and facilities in place, from warehouse space and cleanrooms on various levels to ancillary office space throughout.

The property features a well-maintained cleanroom that is ripe for use by the eventual buyer, with the ability to tap into the building’s unutilised GFA to almost double its current size. It is expected to attract interest from industries such as manufacturing, electronics, optics and precision engineering, as well as companies looking to expand or establish operations in Singapore. The expression of interest exercise closes on April 20 at 3pm.

At a plot ratio of 2.5, the owners of 543 Yishun Industrial Park A are looking to sell the property at close to $179 per sq ft of land area, a higher indicative price than 603B Yishun Industrial Park A’s sale of $13 million at close to $628 psf of land area. The existing GFA of 106,410 sq ft values the property at around the same $179 psf. Comparing recent sales in the area, the floor area and land use attributes of this property suggest it offers buyers good potential.

Tengah Plantation Loop EC GLS Tender is an executive condo development near the Bukit Timah Nature Reserve, Tengah EC with numerous green features, to offer a sustainable alternative to air pollution in West Singapore. The land tender was launched in October 2020, with the aim of creating the first of its kind development in the area. Initial launch phase is expected to be completed by the end of 2013.

Swee Shou Fern, head of investment advisory at Edmund Tie, is confident that the building’s features, balance lease term, plot ratio and location will translate into keen interest for the property. With a range of attributes and the ability to expand its total GFA, 543 Yishun Industrial Park A is sure to attract the attention of various buyers come April 20.