Shipyard at Benoi Road for sale at $11.3 mil

Located at the junction of Benoi Road and Pioneer Road, within Jurong Industrial Estate, is the property at 1 Benoi Road, now open for sale via an expression of interest (EOI) exercise, with a guide price of $11.3 million. Sitting on a site area of over 500,000 sq ft and boasting waterfront access, the property is suitable for shipbuilding, ship or vessel repair and maintenance and other purposes.

The land is at an access-road level with a flat contour and has a corner frontage of 255m on Benoi Road and Pioneer Road, with an average plot depth of about 213m. To its east, the land has a roughly 230m frontage along the waterfront.

The property includes a two-storey office block with a single-storey annexe office, three blocks of single-storey workshop, a mould loft building, a fabrication workshop and wharf. It is approximately 24km from the City Centre, and is near housing estates such as Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens, where the nearby Ayer Rajah Expressway and Pan-Island Expressway aid in access to other parts of the island. Joo Koon MRT Station is five minutes away.

Recent transactions of industrial properties on Benoi Road suggest that the last sale, of similar usage at 5 Benoi Road, was at a 328,105 sq ft plot in December 2020 at $10.5 million. Additionally, in February, ST Engineering acquired an existing shipyard with a site area of about 1.5 million sq ft at 55 Gul Road.

The sale of 1 Benoi Road is subject to approval from relevant authorities, and the EOI exercise will close on April 27 at 3pm. It is a great opportunity for companies looking to expand their business, as a plot of land of such size meant for vessel building or maintenance usage is rarely available for sale.

So, if you’re in the market for industrial property at Benoi Road, Jurong Industrial Estate, don’t miss this one.