Industrial property at 11 Wan Lee Road listed for sale at $12.5m

This translates to approximately $298 per sq. ft.

JLL has put up an industrial property at 11 Wan Lee Road for sale via private treaty at $12.5m.

The price translates to approximately $298 per sq. ft. based on its current gross floor area (GFA) of 41,994 sq. ft.

The site spans 42,574 sq. ft. and is zoned "Business 2" under the URA’s Draft Masterplan 2025, with a plot ratio of 2.5.

Additionally, it offers potential buyers the opportunity to increase the GFA up to 106,000 sq ft, subject to the authorities’ approval.

The site is currently used as a pharmaceutical facility, equipped with clean rooms, packaging, and storage areas, but could be converted for food manufacturing. It has about 25 years left on its lease.

Located within the Chin Bee food and beverage manufacturing cluster, the property is accessible via the Ayer Rajah Expressway and is located less than 10 kilometres away from Tuas Checkpoint.

It’s also near the future Tuas Mega Port and just 500 metres from the upcoming Enterprise MRT Station on the Jurong Region Line, expected to open in 2029.