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WEST POINT BIZHUB

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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

1.1

Project Name

WEST POINT BIZHUB

Street Name

Tuas South Avenue 2

Property Type

Factory (All Types)

Tenure

60 Yrs FROM 2000

District / Planning Area

D22 / Tuas

Completion

2011

Indicative price range / Average*

Factory (All Types): -

Indicative rental range / Average#

Factory (All Types): S$ 1.27 - S$ 1.66 psf pm / S$ 1.45 psf pm

Implied rental yield

Factory (All Types): -

Historical high

Factory (All Types): S$ 310 psf in Nov 2012 for a 4,812-sqft unit

Indicative average price from historical high

Factory (All Types): -

Historical low

Factory (All Types): S$ 130 psf in Apr 2010 for a 8,030-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
  26 Apr 2019 114 Factory 7,950 1,650,000 208 Rachel ng 83322123
  22 Apr 2019 118 Factory 6,890 1,900,000 276 Ang Seng Kiat (Frankie) 96964996
  16 Apr 2019 124 Factory 6,889 1,680,000 244 Danny Teo 96610028
  7 Apr 2019 133 Factory 6,889 1,750,000 254 Derrick Choo 82828319
  1 Apr 2019 139 Factory 6,889 1,750,000 254 Terry Tan 83661666
  1 Apr 2019 139 Factory 6,889 1,720,000 250 Terry Tan 83661666
  20 Mar 2019 151 Factory 4,811 1,290,000 268 Guangren Chen (Mark) 97315872
  19 Mar 2019 152 Factory 4,768 1,080,000 227 Xue Ling 85117113
  24 Feb 2019 175 Factory 6,889 1,680,000 244 Danny Teo 96610028
  24 Feb 2019 175 Factory 6,254 1,688,000 270 Sharon Goh 90067886
  17 Feb 2019 182 Factory 6,951 2,200,000 317 Jack Palanisamy 91853229
  28 Jan 2019 202 Factory 4,811 1,400,000 291 Shane Yeo 97482077
  28 Jan 2019 202 Factory 4,768 1,400,000 294 Shane Yeo 97482077
  28 Jan 2019 202 Factory 7,599 2,280,000 300 Eddie Tan 96600456
  2 Nov 2018 289 Factory 6,889 1,750,000 254 Yvonne Chan 91010570
  25 Sep 2018 327 Factory 7,950 2,000,000 252 Jacalyn Chung 97113222
  18 Aug 2018 365 Factory 7,014 1,799,000 256 Dorothy Chua 90188029
  9 Jul 2018 405 Factory 6,954 1,780,000 256 Chua Rui Song Alvin 91374589
  24 Feb 2018 540 Factory 7,976 2,150,000 270 Pedro Chuang 96352283
  25 Jan 2018 570 Factory 7,976 1,800,000 226 Pedro Chuang 96352283
  17 Dec 2017 609 Factory 7,976 2,150,000 270 ALVIN LIM Y S 91255124
  31 Oct 2017 656 Factory 7,599 2,200,000 290 John Joseph Donough 96164203
  27 Oct 2017 660 Factory 4,811 1,400,000 291 Dennis Goh 96712955
  20 Oct 2017 667 Factory 6,954 2,088,000 300 Jessie Ding 90222278

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
(%)
1 Apr 2016 184 Tuas South Avenue 2 4,812 254 24 May 2011 209 212,000 1,774 4.0
28 Aug 2015 114 Tuas South Avenue 2 4,650 258 1 Mar 2010 134 575,000 2,006 12.6
26 Aug 2015 224 Tuas South Avenue 2 4,768 289 25 Feb 2010 141 706,780 2,008 13.9
22 May 2015 200 Tuas South Avenue 2 6,954 273 30 Mar 2010 133 977,000 1,879 15.1
6 Feb 2015 232 Tuas South Avenue 2 6,878 247 25 Mar 2010 135 771,470 1,779 13.2
5 Jun 2014 212 Tuas South Avenue 2 6,889 269 1 Nov 2011 220 334,420 947 8.0
29 Nov 2013 186 Tuas South Avenue 2 4,812 286 1 Jun 2011 138 713,230 912 34.0
22 Oct 2013 108 Tuas South Avenue 2 7,233 304 24 Feb 2010 142 1,169,680 1,336 23.0
20 Sep 2013 174 Tuas South Avenue 2 7,018 278 29 Mar 2010 130 1,037,660 1,271 24.4
26 Dec 2012 172 Tuas South Avenue 2 6,254 249 4 Oct 2010 135 711,210 814 31.5
7 Nov 2012 164 Tuas South Avenue 2 4,812 310 18 Feb 2010 138 828,935 993 34.7
10 Sep 2012 106 Tuas South Avenue 2 8,557 234 22 Feb 2010 187 400,000 931 9.1
8 May 2012 162 Tuas South Avenue 2 4,812 303 24 Feb 2010 136 806,400 804 44.0
5 Apr 2012 150 Tuas South Avenue 2 6,954 223 7 Oct 2010 134 618,164 546 40.5
19 Mar 2012 230 Tuas South Avenue 2 6,954 237 15 Jul 2011 195 293,970 248 33.5
1 Nov 2011 212 TUAS SOUTH AVENUE 2 6,889 220 24 May 2010 138 564,898 526 38.2
26 Sep 2011 214 TUAS SOUTH AVENUE 2 0 0 25 Feb 2010 0 486,620 578 41.5
15 Jul 2011 230 Tuas South Avenue 2 6,954 195 29 Apr 2010 135 417,240 442 35.5
24 May 2011 184 Tuas South Avenue 2 4,812 209 25 Feb 2010 139 337,320 453 38.9
9 Mar 2011 186 Tuas South Avenue 2 4,812 195 25 Feb 2010 138 276,230 377 40.2
22 Sep 2010 182 TUAS SOUTH AVENUE 2 0 0 25 Feb 2010 0 205,270 209 59.0
22 Feb 2010 106 Tuas South Avenue 2 8,557 187 17 Feb 2010 140 401,480 5 >1000

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
(%)
20 Apr 2015 164 Tuas South Avenue 2 4,812 307 7 Nov 2012 310 -17,853 894 -0.5
1 Jun 2011 186 Tuas South Avenue 2 4,812 138 9 Mar 2011 195 -276,230 84 -78.0

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
  12 Apr 2019 128 Factory 4,768 1,000,000 209.7 Chua Rui Song Alvin 91374589
  11 Apr 2019 129 Factory 6,886 4,300 0.6 Terry Tan 83661666
  7 Apr 2019 133 Factory 6,889 5,000 0.7 Derrick Choo 82828319
  1 Apr 2019 139 Factory 6,889 6,000 0.9 Terry Tan 83661666
  29 Mar 2019 142 Factory 6,254 6,500 1.0 Goh Ghim Khoon (James) 98428383
  6 Mar 2019 165 Factory 6,889 6,500 0.9 Lawrence Yeow 88006688
  4 Mar 2019 167 Factory 6,888 4,500 0.7 Nigel Toh 93681627
  2 Mar 2019 169 Factory 7,863 7,000 0.9 Dan Shaw 98190613
  1 Mar 2019 170 Factory 4,768 4,000 0.8 Shane Yeo 97482077
  24 Feb 2019 175 Factory 6,889 4,800 0.7 Danny Teo 96610028
  20 Feb 2019 179 Factory 1,800 1,600 0.9 Yvonne Thee 96966670
  20 Feb 2019 179 Factory 6,889 4,000 0.6 Yvonne Chan 91010570
  16 Feb 2019 183 Factory 6,254 6,500 1.0 Sharon Goh 90067886
  5 Dec 2018 256 Factory 6,954 6,954 1.0 Stanley Tan 91685397
  1 Dec 2018 260 Factory 4,811 4,800 1.0 Andrew Yew 96884797
  16 Nov 2018 275 Factory 7,599 8,000 1.1 Eddie Tan 96600456
  10 Nov 2018 281 Factory 4,811 4,000 0.8 Alvin Ong Aik Kiat 91902524
  26 Apr 2018 479 Factory 6,951 5,500 0.8 Mark Ng 90884123
  11 Apr 2018 494 Factory 6,889 5,000 0.7 joanne liew 93877030
  8 Apr 2018 497 Factory 6,954 5,000 0.7 joanne liew 93877030
  4 Nov 2017 652 Factory 6,889 6,800 1.0 ROSELINE CHAN 93663866
  31 Oct 2017 656 Factory 7,599 8,600 1.1 Alvin Teo 97825029
  25 Oct 2017 662 Factory 6,954 5,500 0.8 Kelvin Teo 96233200

Historical rental along TUAS SOUTH AVENUE 2

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
Jul 2019 Factory (All Types) 0.00 1.27 1.45 1.66 0.00 7
Apr 2019 Factory (All Types) 0.00 1.10 1.28 1.53 0.00 7
Jan 2019 Factory (All Types) 0.00 1.04 1.28 1.31 0.00 7
Dec 2018 Factory (All Types) 0.00 1.05 1.26 1.50 0.00 3
Nov 2018 Factory (All Types) 0.00 1.54 1.60 1.68 0.00 3
May 2018 Factory (All Types) 1.35 1.35 1.35 1.35 1.35 1
Apr 2018 Factory (All Types) 1.11 1.20 1.20 1.21 1.75 5
Mar 2018 Factory (All Types) 0.88 1.24 1.24 1.75 2.00 5
Feb 2018 Factory (All Types) 1.14 1.14 1.14 1.14 1.14 1
Jan 2018 Factory (All Types) 1.31 1.31 1.31 1.31 1.31 2
Dec 2017 Factory (All Types) 0.71 0.71 0.71 0.71 0.71 1
Nov 2017 Factory (All Types) 0.99 1.07 1.15 1.23 1.31 2
Oct 2017 Factory (All Types) 1.95 1.95 1.95 1.95 1.95 1
Sep 2017 Factory (All Types) 1.16 1.19 1.23 1.41 1.59 3
Aug 2017 Factory (All Types) 0.97 1.03 1.09 1.15 1.21 2
Jul 2017 Factory (All Types) 1.25 1.36 1.56 1.84 2.22 4
Jun 2017 Factory (All Types) 1.11 1.26 1.40 1.55 1.70 2
May 2017 Factory (All Types) 1.31 1.58 1.85 2.02 2.20 3
Apr 2017 Factory (All Types) 1.00 1.12 1.18 1.43 1.80 6
Mar 2017 Factory (All Types) 1.09 1.18 1.80 1.90 2.00 7
Feb 2017 Factory (All Types) 0.82 1.12 1.28 1.60 2.00 6
Jan 2017 Factory (All Types) 0.99 1.39 1.53 1.63 2.20 6
Dec 2016 Factory (All Types) 0.86 0.86 0.86 0.86 0.86 1
Nov 2016 Factory (All Types) 1.11 1.24 1.31 1.39 1.46 5

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

There are no nearby properties with transactions in the last 6 months

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$)
28 Nov 2018 178 Tuas South Avenue 2 Factory (All Types) Resale 6,954 Strata 237 1,650,000
10 Oct 2017 214 Tuas South Avenue 2 Factory (All Types) Resale 4,768 Strata 256 1,220,000
2 Mar 2017 182 TUAS SOUTH AVENUE 2 Factory (All Types) Resale 4,768 Strata 220 1,050,000
1 Apr 2016 184 Tuas South Avenue 2 Factory (All Types) Resale 4,812 Strata 254 1,220,000
28 Aug 2015 114 Tuas South Avenue 2 Factory (All Types) Resale 4,650 Strata 258 1,200,000
26 Aug 2015 224 Tuas South Avenue 2 Factory (All Types) Resale 4,768 Strata 289 1,380,000
22 May 2015 200 Tuas South Avenue 2 Factory (All Types) Resale 6,954 Strata 273 1,900,000
20 Apr 2015 164 Tuas South Avenue 2 Factory (All Types) Resale 4,812 Strata 307 1,475,000
6 Feb 2015 232 Tuas South Avenue 2 Factory (All Types) Resale 6,878 Strata 247 1,700,000
5 Jun 2014 212 Tuas South Avenue 2 Factory (All Types) Resale 6,889 Strata 269 1,850,000
29 Nov 2013 186 Tuas South Avenue 2 Factory (All Types) Resale 4,812 Strata 286 1,375,000
22 Oct 2013 108 Tuas South Avenue 2 Factory (All Types) Resale 7,233 Strata 304 2,200,000
20 Sep 2013 174 Tuas South Avenue 2 Factory (All Types) Resale 7,018 Strata 278 1,950,000
1 Mar 2013 206 Tuas South Avenue 2 Factory (All Types) Resale 6,954 Strata 255 1,773,270
26 Dec 2012 172 Tuas South Avenue 2 Factory (All Types) Resale 6,254 Strata 249 1,555,500
7 Nov 2012 164 Tuas South Avenue 2 Factory (All Types) Resale 4,812 Strata 310 1,492,853
10 Oct 2012 138 Tuas South Avenue 2 Factory (All Types) Resale 7,836 Strata 251 1,965,750
1 Oct 2012 204 Tuas South Avenue 2 Factory (All Types) Resale 7,599 Strata 246 1,869,600
10 Sep 2012 106 Tuas South Avenue 2 Factory (All Types) Resale 8,557 Strata 234 2,000,000
4 Jul 2012 136 Tuas South Avenue 2 Factory (All Types) Resale 7,836 Strata 235 1,841,460
8 May 2012 162 Tuas South Avenue 2 Factory (All Types) Resale 4,812 Strata 303 1,460,000
5 Apr 2012 150 Tuas South Avenue 2 Factory (All Types) Resale 6,954 Strata 223 1,550,000
19 Mar 2012 230 Tuas South Avenue 2 Factory (All Types) Sub Sale 6,954 Strata 237 1,650,000
1 Nov 2011 212 TUAS SOUTH AVENUE 2 Factory (All Types) Sub Sale 6,889 Strata 220 1,515,580
26 Sep 2011 214 TUAS SOUTH AVENUE 2 Factory (All Types) Sub Sale - Strata - 1,150,000
15 Jul 2011 230 Tuas South Avenue 2 Factory (All Types) Sub Sale 6,954 Strata 195 1,356,030
1 Jun 2011 186 Tuas South Avenue 2 Factory (All Types) Sub Sale 4,812 Strata 138 661,770
24 May 2011 184 Tuas South Avenue 2 Factory (All Types) Sub Sale 4,812 Strata 209 1,008,000
9 Mar 2011 186 Tuas South Avenue 2 Factory (All Types) Sub Sale 4,812 Strata 195 938,000
7 Oct 2010 150 Tuas South Avenue 2 Factory (All Types) New Sale 6,954 Strata 134 931,836
4 Oct 2010 172 Tuas South Avenue 2 Factory (All Types) New Sale 6,254 Strata 135 844,290
22 Sep 2010 182 TUAS SOUTH AVENUE 2 Factory (All Types) Sub Sale - Strata - 880,000
25 Aug 2010 136/138 Tuas South Avenue 2 Factory (All Types) New Sale 15,672 Strata 135 2,115,720
21 Jun 2010 152 TUAS SOUTH AVENUE 2 Factory (All Types) Resale 6,954 Strata 135 938,790
24 May 2010 212 TUAS SOUTH AVENUE 2 Factory (All Types) New Sale 6,889 Strata 138 950,682
29 Apr 2010 230 Tuas South Avenue 2 Factory (All Types) New Sale 6,954 Strata 135 938,790
13 Apr 2010 144 TUAS SOUTH AVENUE 2 Factory (All Types) Resale 8,030 Strata 130 1,043,770
5 Apr 2010 204/206 Tuas South Avenue 2 Factory (All Types) New Sale 14,553 Strata 130 1,891,890
30 Mar 2010 176 TUAS SOUTH AVENUE 2 Factory (All Types) Resale 8,525 Strata 130 1,108,250
30 Mar 2010 200 Tuas South Avenue 2 Factory (All Types) New Sale 6,954 Strata 133 923,000
29 Mar 2010 174 Tuas South Avenue 2 Factory (All Types) New Sale 7,018 Strata 130 912,340
25 Mar 2010 232 Tuas South Avenue 2 Factory (All Types) New Sale 6,878 Strata 135 928,530
1 Mar 2010 114 TUAS SOUTH AVENUE 2 Factory (All Types) Resale 4,650 Strata 134 625,000
25 Feb 2010 186 Tuas South Avenue 2 Factory (All Types) New Sale 4,812 Strata 138 661,770
25 Feb 2010 182 TUAS SOUTH AVENUE 2 Factory (All Types) New Sale - Strata - 674,730
25 Feb 2010 214 TUAS SOUTH AVENUE 2 Factory (All Types) New Sale - Strata - 663,380
25 Feb 2010 184 Tuas South Avenue 2 Factory (All Types) New Sale 4,812 Strata 139 670,680
25 Feb 2010 224 Tuas South Avenue 2 Factory (All Types) New Sale 4,768 Strata 141 673,220
24 Feb 2010 108 Tuas South Avenue 2 Factory (All Types) New Sale 7,233 Strata 142 1,030,320
24 Feb 2010 162 Tuas South Avenue 2 Factory (All Types) New Sale 4,812 Strata 136 653,600
22 Feb 2010 106 Tuas South Avenue 2 Factory (All Types) Sub Sale 8,557 Strata 187 1,600,000
18 Feb 2010 166 Tuas South Avenue 2 Factory (All Types) New Sale 4,768 Strata 138 657,984
18 Feb 2010 164 Tuas South Avenue 2 Factory (All Types) New Sale 4,812 Strata 138 663,918
17 Feb 2010 106 Tuas South Avenue 2 Factory (All Types) New Sale 8,557 Strata 140 1,198,520

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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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