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TUAS COVE 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

1.2

Project Name

TUAS COVE INDUSTRIAL CENTRE

Street Name

Tuas South Avenue 1

Property Type

Factory (All Types)

Tenure

60 Yrs FROM 1999

District / Planning Area

D22 / Tuas

Completion

2011

Indicative price range / Average*

Factory (All Types): S$ 143 - S$ 173 psf / S$ 158 psf

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): 8.28%

Historical high

Factory (All Types): S$ 197 psf in Nov 2013 for a 9,289-sqft unit

Indicative average price from historical high

Factory (All Types): -19.8%

Historical low

Factory (All Types): S$ 81 psf in Jan 2010 for a 13,606-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
Contract
date		 Address Type of
sale		 Property type Unit area
(sqft)		 Type of
area		 Price
(S$ psf)		 Price
(S$)
12 Jun 2019 51B Tuas South Avenue 1 Resale Factory (All Types) 13,606 Strata 173 2,350,000
4 Mar 2019 53H Tuas South Avenue 1 Resale Factory (All Types) 9,289 Strata 143 1,330,000

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
  29 Apr 2019 111 Factory 10,000 3,600,000 360 Carina Ang 91856369
  25 Apr 2019 115 Factory 13,606 2,400,000 176 Josh (Guntur Gazali Lukito) 91736962
  23 Apr 2019 117 Factory 13,605 2,299,999 169 Michelle Yeo 97353311
  15 Apr 2019 125 Factory 7,772 2,380,000 306 Jasen Chang 92776752
  8 Apr 2019 132 Factory 10,000 2,380,000 238 Alex Chan 87227733
  2 Apr 2019 138 Factory 13,600 2,980,000 219 Jasen Chang 92776752
  7 Mar 2019 164 Factory 13,642 1,900,000 139 Kris Ng 97970188
  20 Feb 2019 179 Factory 9,288 1,400,000 151 Kenny Chai 97969476
  3 Dec 2018 258 Factory 13,605 1,900,000 140 SLP International Property Consultants Pte Ltd 93390313
  16 Nov 2018 275 Factory 9,390 1,488,000 158 John Joseph Donough 96164203
  9 Nov 2018 282 Factory 6,610 1,880,000 284 Miriam R. Ng 91072634
  19 Sep 2018 333 Factory 6,243 1,490,000 239 Thomas Lim 98579893
  7 Jul 2018 407 Factory 9,288 1,488,000 160 Vincent Heah 86867477
  4 Jul 2018 410 Factory 13,800 2,005,000 145 Kenny Neo 86666600
  7 May 2018 468 Factory 6,162 1,430,000 232 Waty Zin 98290101
  1 Mar 2018 535 Factory 13,600 2,005,000 147 Ivan Lam 87000199
  1 Nov 2017 655 Factory 13,600 2,470,000 182 Irvin Tan 97604706
  28 Oct 2017 659 Factory 13,604 2,200,000 162 John Joseph Donough 96164203
  25 Oct 2017 662 Factory 13,605 2,500,000 184 Lee Aggie 83330877

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 22

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
(%)
29 Jun 2016 51H Tuas South Avenue 1 13,606 140 1 Jun 2010 98 570,000 2,220 6.0
30 Nov 2015 47E Tuas South Avenue 1 9,289 164 7 Apr 2011 143 192,000 1,698 2.9
23 Jan 2014 49F Tuas South Avenue 1 13,606 197 12 Mar 2010 81 1,580,000 1,413 25.9
15 Jan 2014 51F Tuas South Avenue 1 13,606 173 25 Jun 2010 99 1,007,672 1,300 16.9
28 Nov 2013 53H Tuas South Avenue 1 9,289 197 16 Nov 2011 151 430,000 743 14.1
16 Sep 2013 47D Tuas South Avenue 1 9,289 194 27 May 2011 149 423,888 843 12.3
11 Sep 2013 53G Tuas South Avenue 1 9,289 194 17 Jun 2011 145 449,999 817 13.7
17 Jul 2013 49B Tuas South Avenue 1 13,606 173 13 May 2011 110 850,000 796 22.9
9 Jul 2013 49G Tuas South Avenue 1 13,606 176 16 Mar 2010 81 1,300,000 1,211 26.5
4 Jul 2013 53K Tuas South Avenue 1 9,289 188 2 Dec 2010 102 802,000 945 26.7
1 Jul 2013 49D Tuas South Avenue 1 13,606 175 21 Dec 2009 85 1,230,000 1,288 22.9
22 Feb 2013 47J Tuas South Avenue 1 9,289 178 19 Jan 2010 95 767,545 1,130 22.4
1 Oct 2012 53E Tuas South Avenue 1 9,289 167 11 Feb 2011 97 650,000 598 39.3
4 Jul 2012 47F Tuas South Avenue 1 9,289 159 16 Mar 2010 98 570,000 841 23.5
13 Apr 2012 49 Tuas South Avenue 1 14,445 150 18 Dec 2009 91 849,400 847 23.9
13 Apr 2012 49A Tuas South Avenue 1 13,606 140 18 Dec 2009 87 719,400 847 22.8
16 Nov 2011 53H Tuas South Avenue 1 9,289 151 22 Nov 2010 108 400,000 359 40.8
18 Aug 2011 49H TUAS SOUTH AVENUE 1 0 0 29 Dec 2009 0 600,000 597 28.1
17 Jun 2011 53G Tuas South Avenue 1 9,289 145 22 Nov 2010 108 350,000 207 69.8
27 May 2011 47D Tuas South Avenue 1 9,289 149 16 Mar 2010 99 460,000 437 40.3
13 May 2011 49B Tuas South Avenue 1 13,606 110 29 Jan 2010 81 400,000 469 27.3
7 Apr 2011 47E Tuas South Avenue 1 9,289 143 11 Mar 2010 99 408,000 392 40.7

Unprofitable Transactions
Total 2

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 Mar 2019 53H Tuas South Avenue 1 9,289 143 28 Nov 2013 197 -500,000 1,922 -5.9
21 Jan 2019 47D Tuas South Avenue 1 9,289 140 16 Sep 2013 194 -503,888 1,953 -5.9

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
  9 Apr 2019 131 Factory 10,000 13,800 1.4 Alex Chan 87227733
  19 Feb 2019 180 Factory 6,243 5,800 0.9 Rachel Bor 92275885
  8 Dec 2018 253 Factory 13,800 8,500 0.6 Kenny Neo 86666600
  28 Feb 2018 536 Factory 11,300 11,300 1.0 Doris Tey 96703898

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 - 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$)
12 Jun 2019 51B Tuas South Avenue 1 Factory (All Types) Resale 13,606 Strata 173 2,350,000
4 Mar 2019 53H Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 143 1,330,000
21 Jan 2019 47D Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 140 1,300,000
29 Jun 2016 51H Tuas South Avenue 1 Factory (All Types) Resale 13,606 Strata 140 1,900,000
30 Nov 2015 47E Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 164 1,520,000
5 Aug 2015 47K Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 192 1,780,000
26 Feb 2015 49H Tuas South Avenue 1 Factory (All Types) Resale 13,530 Strata 166 2,250,000
23 Jan 2014 49F Tuas South Avenue 1 Factory (All Types) Resale 13,606 Strata 197 2,680,000
15 Jan 2014 51F Tuas South Avenue 1 Factory (All Types) Resale 13,606 Strata 173 2,360,000
28 Nov 2013 53H Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 197 1,830,000
16 Sep 2013 47D Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 194 1,803,888
11 Sep 2013 53G Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 194 1,799,999
17 Jul 2013 49B Tuas South Avenue 1 Factory (All Types) Resale 13,606 Strata 173 2,350,000
9 Jul 2013 49G Tuas South Avenue 1 Factory (All Types) Resale 13,606 Strata 176 2,400,000
4 Jul 2013 53K Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 188 1,750,000
1 Jul 2013 49D Tuas South Avenue 1 Factory (All Types) Resale 13,606 Strata 175 2,380,000
22 Feb 2013 47J Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 178 1,650,000
1 Oct 2012 53E Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 167 1,550,000
4 Jul 2012 47F Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 159 1,480,000
13 Apr 2012 49A Tuas South Avenue 1 Factory (All Types) Resale 13,606 Strata 140 1,900,000
13 Apr 2012 49 Tuas South Avenue 1 Factory (All Types) Resale 14,445 Strata 150 2,168,800
16 Nov 2011 53H Tuas South Avenue 1 Factory (All Types) Resale 9,289 Strata 151 1,400,000
18 Aug 2011 49H TUAS SOUTH AVENUE 1 Factory (All Types) Sub Sale - Strata - 1,800,000
17 Jun 2011 53G Tuas South Avenue 1 Factory (All Types) Sub Sale 9,289 Strata 145 1,350,000
27 May 2011 47D Tuas South Avenue 1 Factory (All Types) Sub Sale 9,289 Strata 149 1,380,000
13 May 2011 49B Tuas South Avenue 1 Factory (All Types) Sub Sale 13,606 Strata 110 1,500,000
7 Apr 2011 47E Tuas South Avenue 1 Factory (All Types) Sub Sale 9,289 Strata 143 1,328,000
11 Feb 2011 53E Tuas South Avenue 1 Factory (All Types) New Sale 9,289 Strata 97 900,000
10 Feb 2011 53F TUAS SOUTH AVENUE 1 Factory (All Types) Resale 9,289 Strata 97 900,000
2 Dec 2010 53K Tuas South Avenue 1 Factory (All Types) New Sale 9,289 Strata 102 948,000
22 Nov 2010 53H Tuas South Avenue 1 Factory (All Types) New Sale 9,289 Strata 108 1,000,000
22 Nov 2010 53G Tuas South Avenue 1 Factory (All Types) New Sale 9,289 Strata 108 1,000,000
25 Aug 2010 51A TUAS SOUTH AVENUE 1 Factory (All Types) Resale 13,606 Strata 99 1,350,000
14 Jul 2010 53 TUAS SOUTH AVENUE 1 Factory (All Types) Resale 10,032 Strata 125 1,250,000
25 Jun 2010 51F Tuas South Avenue 1 Factory (All Types) New Sale 13,606 Strata 99 1,352,328
1 Jun 2010 51H Tuas South Avenue 1 Factory (All Types) New Sale 13,606 Strata 98 1,330,000
16 Mar 2010 47F Tuas South Avenue 1 Factory (All Types) New Sale 9,289 Strata 98 910,000
16 Mar 2010 47D Tuas South Avenue 1 Factory (All Types) New Sale 9,289 Strata 99 920,000
16 Mar 2010 49G Tuas South Avenue 1 Factory (All Types) New Sale 13,606 Strata 81 1,100,000
12 Mar 2010 49F Tuas South Avenue 1 Factory (All Types) New Sale 13,606 Strata 81 1,100,000
11 Mar 2010 47E Tuas South Avenue 1 Factory (All Types) New Sale 9,289 Strata 99 920,000
29 Jan 2010 49B Tuas South Avenue 1 Factory (All Types) New Sale 13,606 Strata 81 1,100,000
19 Jan 2010 47J Tuas South Avenue 1 Factory (All Types) New Sale 9,289 Strata 95 882,455
29 Dec 2009 49H TUAS SOUTH AVENUE 1 Factory (All Types) New Sale - Strata - 1,200,000
21 Dec 2009 49D Tuas South Avenue 1 Factory (All Types) New Sale 13,606 Strata 85 1,150,000
18 Dec 2009 49 Tuas South Avenue 1 Factory (All Types) New Sale 14,445 Strata 91 1,319,400
18 Dec 2009 49A Tuas South Avenue 1 Factory (All Types) New Sale 13,606 Strata 87 1,180,600

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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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