Space@Tampines, an e-commerce and logistics development at 18 Tampines Industrial Crescent, has been launched for sale with an indicative price of $170 million to $190 million, announced sole marketing agent CBRE.

The development, by Oxley Holdings and Lian Beng Group, is an integrated, seven-storey, ramp-up building. It sits on a 417,645 sq ft plot that is zoned for “Business 2” use, and has a total gross floor area of 709,263 sq ft.

For price trends, recent transactions, other project info, check out the Space@Tampines project details page

There are 24 showroom units and a food court on the first floor of the building, and 59 units across the remaining floors. These units are suited for warehousing and e-commerce businesses, as well as clean and light industries.

Space@Tampines is located at the junction of Tampines Expressway and Tampines Avenue 10, and is close to Ikea Tampines, Courts Megastore, and Giant Hypermarket. It is also in proximity to Tampines Regional Centre and Pasir Ris Town. The development is also expected to benefit from redevelopment plans for Paya Lebar Air Base when it relocates.

“This is a secure and high-yielding investment opportunity for investors. The property is strategically sited in the centre of five major residential estates boasting a population of more than 1.1 million,” says Rimon Ambarchi, executive director of industrial and logistics services at CBRE. The five estates are Hougang, Pasir Ris, Punggol, Sengkang and Tampines.

The expression of interest exercise for the sale will close on Aug 30.

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