Shipyard at Benoi Road for sale at $11.3 mil

This incredible plot of land located at 1 Benoi Road in Singapore’s Jurong Industrial Estate, is now up for sale and is going for a guide price of $11.3 million. With a site area of over 500,000 sq ft, the plot of land has plenty of waterfront access and is situated near housing estates such as Jurong East, Jurong West, Bukit Batok, and Boon Lay Gardens.

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, making it ideal for shipbuilding, ship repair and maintenance. Additionally, Access to other parts of the island is facilitated by the nearby Ayer Rajah Expressway and Pan-Island Expressway, while Marina Gardens Condo Joo Koon MRT Station is only a 5-minute drive away.

In terms of size and shape, the land plot has a regular shape with a corner frontage of roughly 255m on Benoi Road and Pioneer Road, and an average plot depth of 213m. Its east side features a 230m frontage by the waterfront. Isabel It, associate division director of Huttons Asia, also notes that the land is generally at an access-road level with a flat contour.

Recent transactions in the area of similar usage include a 328,105 sq ft plot at 5 Benoi Road which sold for $10.5 million in December 2020. Meanwhile, an existing shipyard of 1.5 million sq ft at 55 Gul Road – just a 10-minute drive from 1 Benoi Road – was acquired by ST Engineering for $95 million in February this year.

Given its size and purpose, the current plot of land is a great option for those looking to expand their business. The property is subject to approval from relevant authorities and the expression of interest exercise ends on April 27 at 3pm.

For those interested, it may be worth considering other listings near Benoi Road and the Jurong Industrial Estate.