Colliers Singapore’s Capital Markets & Investment Services has closed the sale of the prime industrial property at 51 Tuas View Link in Singapore for S$121.1 million (approximately $90 million). PGIM Real Estate and Northstar Capital acquired the asset from Urban Park Pte Ltd, a unit of Far East Organization.
Situated within Singapore’s core industrial heartland in Tuas, 51 Tuas View Link is a private leasehold, non-JTC industrial site spanning approximately 456,810 square feet and zoned Business 2 (B2).
The transaction reflects sustained investor appetite for well-located, large-format industrial assets that offer both immediate income visibility and medium- to long-term redevelopment optionality. Industrial market fundamentals have remained resilient, with Singapore’s rental and price indices continuing to trend upward in 2025 amid global uncertainty.
The sale followed a competitive marketing process that drew interest from a broad range of investors
