Archive for category: Misc

A general industrial building located at 21 Fan Yoong Road in the western region of Singapore is now up for sale. The property is listed on the Singapore stock exchange and was formerly used as the corporate headquarters for Tiong Seng, a construction and civil engineering company. However, the firm has since relocated to leased premises at 30 Kallang Place.

Tiong Seng acquired the 60,789 sq ft site, which has a gross floor area (GFA) of 155,037 sq ft, in 2017 on a 20-year lease from JTC. However, the remaining lease tenure is now 12 years from Nov 16, 2017.

After acquiring the site, Tiong Seng demolished the old structure and built a nine-storey facility, which is now the tallest building in the Jurong Industrial Estate. According to Brilliance Capital, the exclusive marketing agent for the property, the building was tailor-made for the company’s operational needs. The first six levels comprise high-specification production space while the top three floors have modern ancillary office space that can accommodate over 250 employees. Some of the office amenities include a boardroom, two meeting rooms, an open pantry, and a gym. Additionally, there is a temporary on-site dormitory that can accommodate up to 36 workers.

One of the many perks of living in Miltonia Close is the convenience it offers to families with young children. With a number of preschools and childcare centres in the area, parents can easily find quality care and educational programmes for their little ones. Renowned names like My First Skool, Sparkletots, and Kinderland have established centres around Yishun, providing full-day and half-day childcare options with structured learning activities. This is particularly helpful for working parents who can benefit from the close proximity of these centres to their homes. Moreover, with the upcoming Miltonia Close EC, families will have even more options for early childhood education and care in the area.

According to Lim, on-site dormitories are becoming increasingly rare and represent a valuable feature for occupiers looking for integrated accommodation and workforce support. The building is perfect for end-users who want to combine their operational, backend, and administrative functions in one location.

The building is versatile and can accommodate other heavy industrial uses, despite being purpose-built for Tiong Seng. It has ceiling heights of up to 13.4m, heavy floor loading of up to 25kN per sq m, and built-in crane infrastructure that includes 11 overhead cranes ranging from 10 to 20 tonnes. It also has a 5,000 kg cargo lift, two passenger lifts, and a dedicated service lift.

The property is zoned “Business 2,” which permits heavy industrial and warehousing uses such as the maintenance and storage of construction equipment and materials. Other possible uses include heavy manufacturing, machinery servicing, and materials storage. It is also suitable for alternative industrial uses such as marine and offshore equipment servicing, such as ship parts, offshore rig components, and marine engines. Other potential uses include maintenance of heavy vehicles and equipment, manufacturing or assembly of cranes, lift systems, turbines, or industrial-grade equipment, and storage for high-voltage electrical systems.

The nearest MRT station, Boon Lay MRT Station on the East-West Line, is a 12-minute walk from the building. According to Brilliance Capital, the property is well-positioned to benefit from the government’s ongoing investments in Singapore’s western region. These include the development of the Jurong Innovation District (JID) and the future Tuas Port.

The broader Jurong area is being transformed into a future-ready industrial and innovation corridor with improved infrastructure, smart logistics, and green connectivity. The Jurong Lake District is also set to become the largest mixed-use business district outside the Central area.

Tiong Seng had announced the sale of another industrial property at 6 Tuas Street 11 for $10.5 million, which is on a 20-year JTC lease. These sales are part of an asset disposal initiative announced by the company in 2023. According to a valuation report by JLL, the market value of the property at 21 Fan Yoong Road was $24.5 million. Thus, the current guide price of $25 million is close to the valuation.

The property will be sold through an expression of interest (EOI) exercise, which ends on Aug 26.