The Tiong Seng building, an imposing structure in Jurong Industrial Estate, is now on the market with a guide price of $25 million, closely reflecting its recent valuation of $24.5 million. This prominent edifice stands as the tallest building in the Jurong area, boasting nine storeys that include six levels dedicated to high-specification production space and three levels of modern office facilities. This configuration allows the building to accommodate over 250 staff, making it a suitable option for businesses seeking to establish a significant operational presence.
The property is designed to support heavy industrial operations, featuring 11 overhead cranes and a cargo lift, which facilitate the movement of materials and equipment across various levels. With ceiling heights reaching up to 13.4 meters and floor loading capacities of up to 25 kN per square meter, the Tiong Seng building is well-equipped to handle demanding industrial activities.
This versatility is further enhanced by its zoning as “Business 2,” allowing for a range of uses that include construction equipment servicing, marine equipment servicing, and the manufacturing of industrial-grade equipment. Such designation ensures that the building can cater to a wide array of industries, appealing to potential buyers looking for functional and adaptable spaces.
Strategically located, the Tiong Seng building is poised for long-term economic benefits due to its proximity to the upcoming Jurong Innovation District and Tuas Port. These developments are part of significant government investments in the western region of Singapore, aimed at enhancing the area’s industrial capabilities and connectivity. As the region continues to evolve, the location of the Tiong Seng building will likely become increasingly valuable, attracting businesses eager to leverage its advantages.
The market conditions surrounding industrial properties in Singapore have shown resilience, and the Tiong Seng building’s listing at the guide price reflects confidence in its value. With increasing demand for industrial spaces that can accommodate heavy machinery and equipment, this property is well-positioned to attract attention from investors and businesses alike.
The combination of its high-specification features, strategic location, and versatile zoning makes it an appealing investment opportunity.
NEW CONDO LAUNCH: DOVER RESIDENCE
Dover Residence is a newly launched condominium near Dover MRT station, offering a variety of unit types to suit different family sizes.
With modern amenities such as a swimming pool, gym, and landscaped gardens, it provides a comfortable lifestyle for residents.
The project is set in a well-established area, close to reputable schools, shopping malls, and parks, making it ideal for families.
For detailed information on the Dover Residence Project Details, floor plan, and pricing, visit the official site.
View Dover Residence Condo ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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