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SEATOWN INDUSTRIAL CENTRE

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1. Unit Search  Usage: '20-07', '20-' for storey 20, '-07' for stack 07
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Project Information

Plot Ratio

0.5

Project Name

SEATOWN INDUSTRIAL CENTRE

Street Name

Tuas South Avenue 1

Property Type

Factory (All Types)

Tenure

60 Yrs FROM 2000

District / Planning Area

D22 / Tuas

Completion

2010

Indicative price range / Average*

Factory (All Types): -

Indicative rental range / Average#

Factory (All Types): S$ 1.06 - S$ 1.21 psf pm / S$ 1.09 psf pm

Implied rental yield

Factory (All Types): -

Historical high

Factory (All Types): S$ 339 psf in Dec 2012 for a 7,965-sqft unit

Indicative average price from historical high

Factory (All Types): -

Historical low

Factory (All Types): S$ 22 psf in Mar 2007 for a 196,551-sqft unit

Note: *Based on transactions in the last 6 months. #Based on the street rental data in the last 6 months, may not be representative.

Location

Sales

Transactions in the past 6 months (up to 15 most recent)
See Appendix for the full history

Source: URA, https://www.squarefoot.com.sg

There are no recent transactions


Asking Prices

Note: Ranked by days in market.
Source: Public listings
  Listed Days in
market
Property
Type
Unit area
(sqft)
Asking Price
(S$)
Asking Price
(S$ psf)
Agent
Name
Agent
Mobile
  27 Oct 2017 660 Factory 8,460 2,500,000 296 Lina Chang Chu Hoon 86868776

Historical Transaction Prices (See in Tower View)

Source: URA, https://www.squarefoot.com.sg

Historical Monthly Price Range

Source: URA, https://www.squarefoot.com.sg

Profitable Transactions
Total 13

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, https://www.squarefoot.com.sg
Sold
on
Address Unit area
(sqft)
Sale price
(S$ psf)
Bought
on
Purchase price
(S$ psf)
Profit
(S$)
Holding period
(days)
Annualised
(%)
4 Apr 2017 67Q TUAS SOUTH AVENUE 1 8,224 226 7 Oct 2013 158 560,000 1,275 10.8
13 Dec 2016 67D Tuas South Avenue 1 11,700 282 25 Oct 2007 94 2,200,000 3,337 12.8
10 Jun 2015 67J Tuas South Avenue 1 9,429 308 22 Jan 2008 148 1,500,000 2,696 10.4
7 Aug 2014 67T Tuas South Avenue 1 9,375 267 24 Nov 2009 140 1,190,000 1,717 14.7
13 Dec 2012 67N Tuas South Avenue 1 7,965 339 29 Oct 2010 226 900,000 776 21.0
15 Mar 2012 69N Tuas South Avenue 1 8,461 295 11 Feb 2010 203 780,000 763 19.6
1 Dec 2011 67B Tuas South Avenue 1 9,429 204 11 Oct 2001 136 645,000 3,703 4.1
29 Oct 2010 67N Tuas South Avenue 1 7,965 226 8 Sep 2009 175 406,135 416 25.2
12 Aug 2010 67L Tuas South Avenue 1 7,965 207 24 Jul 2009 155 415,000 384 31.7
21 Apr 2010 67E Tuas South Avenue 1 9,332 193 30 Oct 2007 139 500,000 904 14.0
11 Feb 2010 69N Tuas South Avenue 1 8,461 203 11 Nov 2009 140 535,530 92 339.3
22 Jan 2008 67J Tuas South Avenue 1 9,429 148 26 Oct 2006 93 520,000 453 45.4
30 Oct 2007 67E Tuas South Avenue 1 9,332 139 20 Sep 2001 137 18,500 2,231 0.2

Unprofitable Transactions
Total 5

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, https://www.squarefoot.com.sg
Sold
on
Address Unit area
(sqft)
Sale price
(S$ psf)
Bought
on
Purchase price
(S$ psf)
Profit
(S$)
Holding period
(days)
Annualised
(%)
7 Oct 2013 67Q Tuas South Avenue 1 8,224 158 15 Jul 2010 209 -415,000 1,180 -8.2
7 Apr 2008 67G Tuas South Avenue 1 9,429 101 25 Apr 2002 136 -333,000 2,174 -4.9
25 Oct 2007 67D Tuas South Avenue 1 11,700 94 16 Jul 2007 94 0 101 0.0
16 Jul 2007 67D Tuas South Avenue 1 11,700 94 20 Sep 2001 131 -428,000 2,125 -5.5
26 Oct 2006 67J Tuas South Avenue 1 9,429 93 25 Apr 2002 140 -438,000 1,645 -8.6

Rental

Asking Rents

Note: Ranked by days in market.
Source: Public listings
  Listed Days in
market
Property
Type
Unit area
(sqft)
Asking Price
(S$)
Asking Price
(S$ psf pm)
Agent
Name
Agent
Mobile
  14 Mar 2019 157 Factory 9,429 15,000 1.6 Catherine Goh 81330501
  4 Feb 2019 195 Factory 8,000 14,000 1.8 Nicholas Soh 98210312

Historical rental along TUAS SOUTH AVENUE 1

Source: URA, https://www.squarefoot.com.sg

Month Type Lowest Rental
(S$ psf pm)
Rental 25th
(S$ psf pm)
Median Rental
(S$ psf pm)
Rental 75th
(S$ psf pm)
Highest Rental
(S$ psf pm)
Contracts
Jun 2019 Factory (All Types) 0.00 1.06 1.09 1.21 0.00 3
Jun 2018 Factory (All Types) 1.40 1.56 1.72 1.88 2.04 2
May 2018 Factory (All Types) 0.77 0.89 1.01 1.12 1.24 2
Apr 2018 Factory (All Types) 1.21 1.28 1.35 1.42 1.49 2
Feb 2018 Factory (All Types) 1.80 1.80 1.80 1.80 1.80 1
Jan 2018 Factory (All Types) 1.78 1.78 1.78 1.78 1.78 1
Nov 2017 Factory (All Types) 0.96 0.96 0.96 0.96 0.96 1
Oct 2017 Factory (All Types) 1.90 1.90 1.90 1.90 1.90 1
Sep 2017 Factory (All Types) 1.79 1.79 1.79 1.79 1.79 1
Aug 2017 Factory (All Types) 1.56 1.56 1.56 1.56 1.56 2
Jun 2017 Factory (All Types) 1.09 1.18 1.26 1.34 1.42 2
May 2017 Factory (All Types) 1.09 1.09 1.09 1.09 1.09 1
Mar 2017 Factory (All Types) 1.31 1.31 1.31 1.31 1.31 1
Feb 2017 Factory (All Types) 1.25 1.36 1.47 1.59 1.70 2
Jan 2017 Factory (All Types) 0.84 0.84 0.84 0.84 0.84 1
Oct 2016 Factory (All Types) 0.85 0.85 0.85 0.85 0.85 1
Aug 2016 Factory (All Types) 1.54 1.54 1.54 1.54 1.54 1
Apr 2016 Factory (All Types) 1.48 1.48 1.48 1.48 1.48 2
Feb 2016 Factory (All Types) 1.48 1.48 1.48 1.48 1.48 1
Jan 2016 Factory (All Types) 1.14 1.15 1.15 1.15 1.15 3
Nov 2015 Factory (All Types) 0.96 0.96 0.96 0.96 0.96 1
Oct 2015 Factory (All Types) 1.54 1.54 1.54 1.54 1.54 1
Sep 2015 Factory (All Types) 1.54 1.54 1.54 1.54 1.54 1
Aug 2015 Factory (All Types) 1.42 1.42 1.42 1.42 1.42 1

Nearby properties

Price and rental comparisons (Up to 50)

Note: Excludes properties with no transactions in the past 6 months. *Prices and rents are based on data in the past 6 months. Rents are based on street names and may not be representative of the subject property.
Source: https://www.squarefoot.com.sg
Marker Project Type Tenure Distance
(m)
Lowest
price*
(S$ psf)
Average
price*
(S$ psf)
Highest
price*
(S$ psf)
Rental
25th*
(S$ psf pm)
Median
Rental*
(S$ psf pm)
Rental
75th*
(S$ psf pm)
Rental yield
(%)
TUAS COVE INDUSTRIAL CENTRE Factory 60 Yrs FROM 1999 420 143 158 173 1.06 1.09 1.21 8.3

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

Status Street Name Location Land attributes Estimated Breakeven

Sold on 23 Apr 2013

Tuas Bay Walk

Site use Industrial B2
Tenure 30
Site area (sqm) 5,808.0
Site GFA (sqm) 9,873.6
Highest bid ($m) 9.0
Highest bid ($psf) 84.6
Number of bids 4
Land ($m) 9
Construction ($m) 15.9
Land Financing ($m) 0.6
Professional / Legal / Taxes ($m) 2.5
Marketing / Others ($m) 0.3
Est. Total Cost ($m) 28.3
Est. Breakeven ($psf ppr) 267

Sold on 10 May 2013

Tuas Bay Close

Site use Industrial B2
Tenure 30
Site area (sqm) 24,971.0
Site GFA (sqm) 42,450.7
Highest bid ($m) 37.1
Highest bid ($psf) 81.2
Number of bids 4
Land ($m) 37.1
Construction ($m) 68.5
Land Financing ($m) 2.6
Professional / Legal / Taxes ($m) 10.5
Marketing / Others ($m) 1.4
Est. Total Cost ($m) 120.1
Est. Breakeven ($psf ppr) 263

Sold on 23 Sep 2014

Tuas Bay Close (2014)

Site use Industrial B2
Tenure 20 10m
Site area (sqm) 27,176.0
Site GFA (sqm) 46,199.2
Highest bid ($m) 25.5
Highest bid ($psf) 51.3
Number of bids 3
Land ($m) 25.5
Construction ($m) 74.6
Land Financing ($m) 1.8
Professional / Legal / Taxes ($m) 10.5
Marketing / Others ($m) 1.3
Est. Total Cost ($m) 113.7
Est. Breakeven ($psf ppr) 229

Appendix: All past transactions

Historical Transactions

Source: URA, https://www.squarefoot.com.sg

Contract
Date
Address Property
Type
Type of
sale
Unit area
(sqft)
Type of
area
Price
(S$ psf)
Price
(S$)
10 Oct 2018 67 Tuas South Avenue 1 Factory (All Types) Resale 9,268 Strata 178 1,650,000
27 Nov 2017 69J Tuas South Avenue 1 Factory (All Types) Resale 7,825 Strata 244 1,910,000
4 Apr 2017 67Q TUAS SOUTH AVENUE 1 Factory (All Types) Resale 8,224 Strata 226 1,860,000
13 Dec 2016 67D Tuas South Avenue 1 Factory (All Types) Resale 11,700 Strata 282 3,300,000
10 Jun 2015 67J Tuas South Avenue 1 Factory (All Types) Resale 9,429 Strata 308 2,900,000
7 Aug 2014 67T Tuas South Avenue 1 Factory (All Types) Resale 9,375 Strata 267 2,500,000
7 Oct 2013 67Q Tuas South Avenue 1 Factory (All Types) Resale 8,224 Strata 158 1,300,000
13 Dec 2012 67N Tuas South Avenue 1 Factory (All Types) Resale 7,965 Strata 339 2,700,000
25 Sep 2012 69Q TUAS SOUTH AVENUE 1 Factory (All Types) Resale 8,461 Strata 307 2,600,000
15 Mar 2012 69N Tuas South Avenue 1 Factory (All Types) Resale 8,461 Strata 295 2,500,000
1 Dec 2011 67B Tuas South Avenue 1 Factory (All Types) Resale 9,429 Strata 204 1,928,000
3 May 2011 69H TUAS SOUTH AVENUE 1 Factory (All Types) Resale 77,921 Strata 235 18,300,000
29 Oct 2010 67N Tuas South Avenue 1 Factory (All Types) Resale 7,965 Strata 226 1,800,000
12 Aug 2010 67L Tuas South Avenue 1 Factory (All Types) Resale 7,965 Strata 207 1,650,000
15 Jul 2010 67Q Tuas South Avenue 1 Factory (All Types) New Sale 8,224 Strata 209 1,715,000
21 Apr 2010 67E Tuas South Avenue 1 Factory (All Types) Resale 9,332 Strata 193 1,800,000
11 Feb 2010 69N Tuas South Avenue 1 Factory (All Types) Sub Sale 8,461 Strata 203 1,720,000
24 Nov 2009 67T Tuas South Avenue 1 Factory (All Types) New Sale 9,375 Strata 140 1,310,000
17 Nov 2009 69Q TUAS SOUTH AVENUE 1 Factory (All Types) Resale - Strata - 1,311,300
16 Nov 2009 69J TUAS SOUTH AVENUE 1 Factory (All Types) Resale - Strata - 1,189,000
11 Nov 2009 69 TUAS SOUTH AVENUE 1 Factory (All Types) Resale - Strata - 1,564,224
11 Nov 2009 69N Tuas South Avenue 1 Factory (All Types) New Sale 8,461 Strata 140 1,184,470
8 Sep 2009 67N Tuas South Avenue 1 Factory (All Types) New Sale 7,965 Strata 175 1,393,865
24 Jul 2009 67L Tuas South Avenue 1 Factory (All Types) New Sale 7,965 Strata 155 1,235,000
15 Jul 2009 69E TUAS SOUTH AVENUE 1 Factory (All Types) Resale 4,639 Strata 165 765,435
7 Apr 2008 67G Tuas South Avenue 1 Factory (All Types) Resale 9,429 Strata 101 950,000
22 Jan 2008 67J Tuas South Avenue 1 Factory (All Types) Resale 9,429 Strata 148 1,400,000
30 Oct 2007 67E Tuas South Avenue 1 Factory (All Types) Resale 9,332 Strata 139 1,300,000
25 Oct 2007 67D Tuas South Avenue 1 Factory (All Types) Resale 11,700 Strata 94 1,100,000
16 Jul 2007 67D Tuas South Avenue 1 Factory (All Types) Resale 11,700 Strata 94 1,100,000
14 Mar 2007 69 TUAS SOUTH AVENUE 1 Factory (All Types) Resale 196,551 Strata 22 4,300,000
26 Oct 2006 67J Tuas South Avenue 1 Factory (All Types) Resale 9,429 Strata 93 880,000
24 Jun 2005 67H TUAS SOUTH AVENUE 1 Factory (All Types) Sub Sale 8,095 Strata 158 1,283,000
25 Apr 2002 67J Tuas South Avenue 1 Factory (All Types) New Sale 9,429 Strata 140 1,318,000
25 Apr 2002 67G Tuas South Avenue 1 Factory (All Types) New Sale 9,429 Strata 136 1,283,000
15 Oct 2001 67A Tuas South Avenue 1 Factory (All Types) Resale 9,225 Land 139 1,283,000
11 Oct 2001 67B Tuas South Avenue 1 Factory (All Types) New Sale 9,429 Land 136 1,283,000
20 Sep 2001 67E Tuas South Avenue 1 Factory (All Types) Resale 9,332 Strata 137 1,281,500
20 Sep 2001 67D Tuas South Avenue 1 Factory (All Types) Resale 11,700 Strata 131 1,528,000

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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