Six Storey Detached Factory Pandan Avenue Sale 21 Mil
Huttons Asia, the marketing agent, has announced the sale of a six-storey detached factory at 2 Pandan Avenue through an expression of interest (EOI) exercise. The property is being launched with a guide price of $21 million and is located just off the Ayer Rajah Expressway (AYE).
The factory is situated on a 36,213 sq ft plot with a gross floor area (GFA) of 90,533 sq ft, translating to a guide price of $232 psf on the GFA. The property has B2 zoning for heavy industrial use and still has 19 years left on its lease.
The façade of the building boasts a modern design and holds a Green Mark certification, making it attractive to companies with strong environmental, social, and governance commitments. It also offers convenient dual access points, an 8-ft-high shipping container and 40-foot loading bays, and 10-metre-high warehouse and production ceilings with high floor loading capacity – making it ideal for heavy industrial operations.
The asset is strategically located near major logistics hubs such as Tuas Second Link, Tuas Mega Port, Jurong Port, and PSA’s Pasir Panjang Terminals. Additionally, the upcoming West Coast MRT Station on the Cross Island Line, which is expected to be completed in 2032, is within walking distance from the property. The station will connect to Pandan Reservoir MRT on the Jurong Region Line and Kent Ridge MRT on the Circle Line, providing increased accessibility for the western region of Singapore.
Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia, says, “Its connectivity makes it highly suitable for manufacturing, logistics and warehouse operations.” Quek Fu Jin, Head of Business Space at Huttons Asia, also notes that the property is ideal for owner-occupiers, especially due to the growing demand for strategic logistics and distribution assets.
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The expression of interest exercise will close at 4pm on November 17th.