Advertisement
Singapore markets close in 5 hours 36 minutes

  • Straits Times Index

    3,406.45
    -4.36 (-0.13%)
     

  • Nikkei

    40,999.80
    +87.43 (+0.21%)
     

  • Hang Seng

    17,592.49
    -207.12 (-1.16%)
     

  • FTSE 100

    8,203.93
    -37.33 (-0.45%)
     

  • Bitcoin USD

    55,001.11
    -2,939.85 (-5.07%)
     

  • CMC Crypto 200

    1,147.99
    -60.70 (-5.02%)
     

  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     

  • Dow

    39,375.87
    +67.87 (+0.17%)
     

  • Nasdaq

    18,352.76
    +164.46 (+0.90%)
     

  • Gold

    2,391.20
    -6.50 (-0.27%)
     

  • Crude Oil

    82.81
    -0.35 (-0.42%)
     

  • 10-Yr Bond

    4.2720
    -0.0830 (-1.91%)
     

  • FTSE Bursa Malaysia

    1,611.02
    -5.73 (-0.35%)
     

  • Jakarta Composite Index

    7,245.29
    -8.08 (-0.11%)
     

  • PSE Index

    6,529.05
    +36.30 (+0.56%)
     

Six contiguous strata-titled industrial units at Westech Building for sale

Hailey Yu
·2-min read


SINGAPORE (EDGEPROP) - Six contiguous units totalling 12,314 sq ft in strata area at Westech Building are up for sale via expression of interest (EOI), according to a press release on Oct 25 from JLL, the sole marketing agent for the property.

Read also: Four-storey conservation shophouse on Stanley Road for sale at $33.8 mil

Located at 237 Pandan Loop, Westech Building consists of an eight-storey, ramp-up block housing multiple light industrial tenants. It sits on a 999-year (effective March 31, 1885)  leasehold land, and is zoned for business 2 - heavy industrial use.


Westech Building map view (Source: EdgeProp Research Inspector Tool)

ADVERTISEMENT

The six strata-titled units are located on the lower floor, with sizes ranging from 1,410 sq ft to 2,895 sq ft. All the units have a ceiling height of 4.5m, a floor loading of 10.0 kN/sqm, and are fully renovated with air-conditioning units, false ceilings, and carpeted. They are adjacent to the car park level.

The indicative price for the units range from $8.6 million to $9.3 million, translating to an average price of $700 to $750 psf based on strata area.

Boon Leong Tan, executive director of logistics & industrial at JLL, expects the property to draw interest from qualifying office users of an industrial building. “The 999-leasehold tenure, large floor plate, and  immediate move-in condition are attractive factors,” he adds.

Buyers have the option of purchasing the units with vacant possession, or on a sale-and-leaseback basis for a period of time.

The Pandan Loop area has a heavy concentration of factories and industrial developments. It is a short drive to Clementi MRT Station (on the East-West Line).

The EOI exercise on Nov 22 at 3pm.

Check out the latest listings near Westech Building, Pandan Loop, Clementi MRT Station

See Also: