Month: February 2025

A luxurious, four-bedroom duplex apartment at the prestigious freehold condo, 3 Orchard By-The-Park, has been put up for sale through an expression of interest exercise (EOI). The unit, which boasts an impressive 3,800 sq ft of living space, comes with a guide price of $15.8 million. Marketing agent Huttons Asia has revealed that the per square foot (psf) price works out to approximately $4,158.

This unit features a generous ceiling height of 4m, and a private lift for added convenience. Three of the four bedrooms also come with ensuite bathrooms, providing utmost comfort and privacy for its residents. The unit underwent a significant renovation three years ago, with a whopping $700,000 spent on the revamp, according to Huttons.

3 Orchard By-The-Park, located on Orchard Boulevard, was completed in 2017. The development, designed by renowned Italian architect Antonio Citterio, comprises three 25-storey towers and a total of 77 units. These range from two to four-bedroom units, spanning from 1,066 sq ft to 3,800 sq ft, as well as luxurious penthouses of 6,555 sq ft to 6,900 sq ft.

Residents at 3 Orchard By-The-Park can enjoy the convenience of being near Orchard Road, Singapore’s premier shopping destination. Families with young children will appreciate the proximity to top schools such as Anglo-Chinese School (Junior), Anglo-Chinese School (Primary), ISS International School (Elementary & Middle school Campus), and Singapore Chinese Girls’ School (Primary). The upcoming Orchard Boulevard MRT Station (Thomson-East Coast Line) is also a short walk away.

Recent transactions at 3 Orchard By-The-Park show a strong demand for the development, with units selling at an average price of $3,850 to $4,100 psf. The EOI for this exclusive unit will close on March 5 at 4pm. For more information and to view the latest listings for 3 Orchard By-the-park, visit EdgeProp Buddy. You can also compare the price trend of new sale condos versus resale condos, and check the rental yield for the development.…

The shophouse market has remained quiet in 2024, with only 84 caveated transactions, according to Huttons Asia. In their latest quarterly research report, the agency states that this number is below the average of 200 deals per year between 1995 and 2023.

“While many buyers did not submit caveats, the number of shophouse deals in 2024 is likely the lowest since 1998,” says Lee Sze Teck, senior director of data analytics at Huttons Asia.

In terms of volume and value, the 84 caveated transactions in 2024 had a total worth of $683.6 million, marking a decline of 38.9% from the $1.1 billion recorded in the previous year. However, Lee notes that there were also significant shophouse transactions that were not caveated in 2024, including properties on Amoy Street, Neil Road, North Bridge Road, and Telok Ayer Street estimated to have sold for over $200 million.

The largest shophouse transaction in 2024 was the sale of The Rail Mall by Paragon REIT for $78.5 million in June. This set a new record for the highest shophouse deal, surpassing the $74.8 million paid for a row of shophouses along Jalan Sultan in March 2022, according to Lee.

The Rail Mall shophouses were valued at $62 million in December 2023, resulting in an estimated gain of $16.5 million for the seller, he adds.

While most shophouse deals in 2024 were for smaller quantums, with over half of the caveated deals falling between $5 million and $15 million, almost half of the transactions took place in District 8. Lee attributes this to the area’s desirable location on the fringe of the city and lower prices compared to Districts 1 and 2.

At the same time, shophouse rents across the island fell for the second consecutive quarter, dropping 2.6% quarter-on-quarter to $6.47 psf per month in the fourth quarter of 2024. However, for the entire year, shophouse rents were up by 1.7%.

In conclusion, the shophouse market has remained relatively subdued in 2024, with the number of caveated transactions below the yearly average and rental rates experiencing a decline. Nevertheless, the sale of The Rail Mall has set a new record for the biggest shophouse deal, and the attractive location of District 8 continues to draw buyers to the area.…

CBRE’s report on the Singapore market outlook for 2025 highlights the potential for divergent outcomes in the real estate market due to an uncertain macroeconomic outlook. While easing inflation and interest rates may provide some relief, slowing economic growth could dampen property demand. The Ministry of Trade and Industry is projecting a 1-3% GDP growth for 2025, down from the 4% growth in 2024.

CBRE’s managing director, Moray Armstrong, notes that various factors such as geopolitical tensions, a new US administration with a nationalistic economic agenda, and the upcoming release of the URA Master Plan 2025 could potentially impact the market. However, despite these uncertainties, opportunities remain for those who can capitalize on emerging trends.

CBRE’s head of research for Singapore and Southeast Asia, Tricia Song, remains optimistic about the property market, with limited new supply and stable demand supporting its stability and resilience. She predicts that the market will continue to be popular with investors.

The recent surge in developer sales volume, which saw a threefold increase in the last quarter of 2024, is expected to sustain momentum into 2025 due to improved buying sentiment. CBRE anticipates a potential launch of 12,000 to 14,000 new units this year, almost double the number launched in 2024. This is projected to result in 7,000 to 8,000 units being sold in 2025, supporting price growth of 3-6% and rental rate growth of 1-3%.

In the office market, the uncertain economic outlook and hybrid work arrangements are expected to dampen leasing volumes. However, limited new supply over the next three years is projected to keep vacancy rates low. CBRE predicts rental growth of 2% for 2025, in line with GDP projections. The limited new supply in the retail market is also expected to support rental growth of 2-3%.

The industrial sector saw subdued expansion demand in 2024 due to cost pressures and supply chain disruptions. However, a bumper supply of 5 million sq ft of warehouse space is expected to be completed in 2025, with at least 60% already pre-committed. CBRE predicts flat rental rates for prime logistics properties in 2025.

The real estate investment volume in Singapore is expected to continue growing in 2025, although at a slower pace. Investor sentiment and appetite are bolstered by the recent interest rate cuts, according to CBRE’s latest Asia Pacific Investor Intentions Survey. The majority of investors expect to purchase the same or more in 2025 compared to 2024, with the industrial and logistics sector remaining the most preferred. However, ongoing uncertainties could lead investors to be more selective in their investments, with a 10% y-o-y growth projected for 2025.…

The sale of the three-bedroom unit at Palm Spring on Jan 20 was the most profitable resale transaction during the period of Jan 14 to 28. According to records, the unit, which measures 1,884 sq ft and is located on the fourth floor, was sold for $4.4 million, achieving a per square foot price of $2,336. The previous owner had purchased the unit back in August 2005 for $1.21 million, which translates to a price per square foot of $642. This means that the seller made a profit of $3.19 million, a significant 264% increase from the purchase price. When calculated on an annualised basis, this translates to a profit of 6.8% over the nearly 20-year period. This resale transaction has also set a new record at Palm Spring for the most profitable sale to date, surpassing the previous record of $2.56 million (185%) set in April 2023 when a 1,970 sq ft unit on the first floor was sold for $3.94 million ($2,000 psf). This unit was originally purchased for $1.38 million ($701 psf) in January 2003.EdgeProp Singapore – a website that provides information on Singapore’s property market – has recorded a consistent increase in prices at Palm Spring over the past 20 years. In January 2021, the average transacted price was approximately $2,342 psf, a considerable increase from $1,439 psf in January 2015. The average price was even lower at $973 psf back in January 2005. Last year, two units at Palm Spring were sold – a 947 sq ft unit for $2.19 million ($2,312 psf) in September and a 1,496 sq ft unit for $3.36 million ($2,246 psf) in October. These transactions resulted in profits of $990,000 and $2.24 million, respectively.Palm Spring is a freehold condominium located on Ewe Boon Road in prime District 10. It was completed in 1997 and is currently 28 years old. The condo boasts a prime location, being close to both Stevens MRT Interchange on the Downtown (DTL) and Thomson-East Coast Lines, as well as Newton MRT Interchange on the North-South Line and DTL. Another plus point is its freehold tenure, which many consider to be a premium in Singapore’s property market.In comparison, the second most profitable resale transaction during this period was the sale of a four-bedroom unit at Orchard Bel Air, which made a profit of $3 million (182%) when it was sold on Jan 15 for $4.65 million ($1,440 psf). The 3,229 sq ft unit is situated on the 12th floor and was purchased back in May 2001 for $1.65 million ($511 psf). This translates to an annualised profit of 4.5% over a period of almost 24 years.Orchard Bel Air is a 99-year leasehold condo on Orchard Boulevard in prime District 10. Completed in 1984, the condo has approximately 54 years left on its land tenure. Next to Orchard Bel Air is a government land sale (GLS) site on Orchard Boulevard that was awarded to UOL-SingLand last February with a winning bid of $428.28 million, a land rate of $1,617 psf per plot ratio. Orchard Bel Air holds the record for the most profitable transaction in its vicinity, with the sale of a 6,512 sq ft penthouse unit on the 25th floor that brought in $8.3 million ($1,275 psf) when it was sold in January 2013. This unit was originally bought for $3.83 million ($588 psf) in March 2006, giving its seller an impressive profit of $4.47 million.Over the past 24 years, Orchard Bel Air has seen a steady increase in prices, with an average transacted price of $3,043 psf. In comparison, its neighbouring 99-year leasehold condo, Cuscaden Reserve, commands an average price of $3,043 psf.Marina Bay Suites was the site of the most unprofitable transaction over the period of Jan 14 to 28. On Jan 24, the seller of a 1,625 sq ft unit on the 58th floor incurred a loss of $1.15 million (27%) when it was sold for $3.1 million ($1,907 psf). The previous transaction occurred in May 2012, when the unit was sold for $4.25 million ($2,614 psf). This means that the seller experienced an annualised loss of 27% over nearly 13 years. This deal is the latest in a series of unprofitable transactions at Marina Bay Suites, with 14 consecutive loss-making deals recorded in the past nine months. The losses from these deals range from $40,000 to $2.5 million. Marina Bay Suites is a 99-year leasehold condo that is part of the larger Marina Bay Financial Centre mixed-use development at Central Boulevard and Marina Boulevard. The 221-unit Marina Bay Suites comprises a 66-storey residential tower with a mix of three- and four-bedroom units. The average selling price at Marina Bay Suites has decreased from $2,502 psf in January 2015 to $1,921 psf as of January. In comparison, other nearby 99-year leasehold condos, such as The Sail @ Marina Bay ($2,047 psf), Marina Bay Residences ($2,242 psf), Marina One ($2,103 psf) and V on Shenton ($2,027 psf), command higher resale prices.This concludes the summary of the most profitable and unprofitable resale transactions over the period of Jan 14 to 28.…

Tags: real estate news, property news

A three-bedroom unit at Watertown, situated in Punggol’s integrated development Waterway Point, is set to go under the hammer at SRI’s auction on Feb 26. Previously listed at the same price in January’s auction, the 1,281 sq ft property has a guide price of $2.4 million, which equates to around $1,874 per square foot (psf).

The unit, which is being sold by a mortgagee, received one bid in January’s auction but was withdrawn as it did not meet the reserve price. The 13th-floor unit boasts a combined living and dining area, an open-concept kitchen, a utility room and toilet, as well as a balcony with a south-facing view of one of the condo’s 20 swimming pools. In addition, there is an ensuite master bedroom, two more bedrooms, and a common bathroom.

According to URA caveats, the current owners acquired the unit from the developers for approximately $1.8 million ($1,281 psf) in October 2013. As of Feb 4, Watertown has seen one transaction this year — a two-bedroom unit with an area of 958 sq ft, which sold for $1.7 million ($1,775 psf) on Jan 19. Last year, there were 41 resale transactions in the development at an average price of $1,700 psf.

SRI’s manager of auctions and sales, Eric Liew, says that larger units in Watertown are in higher demand and can fetch higher psf prices. Out of the 41 resale transactions last year, 10 of them involved larger units with three or more bedrooms, which were sold at an average price of $1,854 psf, about 9% higher than the overall average price for the development.

Liew attributes the demand for these units to HDB upgraders looking for a good deal and those who plan to reside in the unit due to its proximity to Punggol MRT Station. Watertown is a 992-unit condominium consisting of one- to two-bedroom apartments ranging from 533 to 1,003 sq ft and three- and four-bedroom units ranging from 821 to 1,582 sq ft. It sits atop the six-storey Waterway Point shopping mall and was jointly developed by Far East Organisation, Frasers Centrepoint, and Sekisui House. Waterway Point is integrated with Punggol MRT Station, which is located on the North East Line and is connected to the Punggol LRT Station. The mall was completed in 2017.

There are several primary schools in the area, including Edgefield Primary School at Edgefield Plains, Oasis Primary School at Punggol Drive, Punggol Green Primary School at Punggol Walk, Compassvale Primary School at Compassvale Street, and Punggol Cove Primary School at Sumang Walk. Watertown’s completion year is 2017.

Looking at the latest listings, Watertown is a condominium property that may interest you. If you’re curious, you can compare the price trend of HDBs, Condos, and Landed properties, as well as the price trend of newly built condos vs executive condominiums. Last but not least, you can also compare the price trend of brand-new and resale condos.…

The government has recently announced the extension of the Central Business District Incentive (CBDI) and Strategic Development Incentive (SDI) schemes for another five years. These schemes were first introduced in November 2019 and the latest decision was unveiled by Desmond Lee, Minister of National Development (MND), at the Real Estate Developers’ Association of Singapore (Redas) annual Spring Festival lunch on Feb 7.

The CBDI scheme was implemented to encourage the conversion of older office buildings in certain areas of the Central Business District (CBD) into mixed-use developments. This includes the Tanjong Pagar, Robinson Road, and Shenton Way areas. The goal of this scheme is to increase the number of homes, boost the resident population in the CBD, and introduce a more diverse range of uses into the traditionally commercial-focused district.

On the other hand, the SDI scheme was launched to promote the redevelopment of older developments in strategic areas, in order to bring about transformative changes in the surrounding urban environment. These strategic areas include Orchard Road, the Central Business District, and Marina Centre.

According to information from the Urban Redevelopment Authority (URA), 14 out of 17 CBDI proposals and 7 out of 12 SDI proposals have been granted in-principal approval by the government. Currently, there are four CBDI projects in the Anson-Tanjong Pagar area that are under construction. These include the mixed-use development Newport Plaza on 80 Anson Road, which comprises 246 units of Newport Residences and 198 serviced apartment units. The Skywaters Residences, another mixed-use development on 8 Shenton Way, includes 190 luxury residential units. Additionally, there are two commercial developments at 15 Hoe Chiang Road and 51 Anson Road.

Minister Lee has stated that the five-year extension of the CBDI and SDI schemes will come with improvements to both schemes. The CBDI scheme will be expanded to include commercial developments in the Anson and Cecil areas. Developers and property owners who submit CBDI proposals for buildings in these areas will have the option to retain their commercial zoning (with 40% non-commercial use) if long-stay serviced apartment units are included in the redevelopment plans.

For CBDI applicants seeking redevelopment in Anson and Cecil, they will need to provide at least 200 residential units or allocate their entire non-commercial floor area for long-stay serviced apartments, whichever is lower. Previously, office buildings that were redeveloped under the CBDI scheme were allowed to keep their existing commercial zoning if 40% of the new floor area was dedicated for non-commercial use.

CEO of ERA Singapore, Marcus Chu, says that “by enabling the continual renewal of the many aging buildings in the city center and injecting more residential units, these incentives aim to make the CBD a place to work, live, and play.”

In addition, the revamped CBDI and SDI schemes will include new sustainability requirements. All new CBDI and SDI applications going forward must include a sustainability statement that evaluates the feasibility of retrofitting part or all of the existing building. Minister Lee states that while they support revitalization and rejuvenation through redevelopment, they do not want wasteful demolition and excessive rebuilding, especially for relatively young or well-maintained buildings.

He adds that several projects being redeveloped under the CBDI or SDI schemes are already going above and beyond the mandated sustainability requirements. An example is Union Square, a mixed-use development on Havelock Road, which is incorporating a district cooling system.…

Perennial Holdings and Far East Organization have recently announced their plans for Aurea, a luxurious apartment tower as part of the Golden Mile Singapore mixed-use development located along Beach Road. Designed by DP Architects, Aurea is a 45-storey residential tower with 188 units and a site area of 144,908 sq ft. It will be linked to the neighbouring commercial building, The Golden Mile, which is a conserved heritage building and the first collective sale and conservation project in Singapore. Perennial Holdings and Far East Organization purchased the building en bloc for $700 million in May 2022. The prime location of Aurea and The Golden Mile, situated in District 7 and the Core Central Region (CCR), is expected to attract discerning individuals and families who appreciate exclusivity. The preview for Aurea is set to begin on Feb 22, with the official launch on Mar 8. The apartments will be priced from $2,750 psf, with two-bedroom units starting from $1.92 million ($2,972 psf). The unit types at Aurea consist of two- and three-bedroom apartments (112 units), four-bedroom apartments (56 units), five-bedroom apartments (18 units), and two exclusive penthouses – a six-bedroom duplex and a six-bedroom triplex. Residents of four-bedroom and larger units will enjoy private lift access, while the triplex penthouse will also have a private pool. These larger units are designed to cater to the affluent lifestyles of CCR homebuyers. The two- and three-bedroom units make up 60% of the total units and are expected to appeal to both homeowners and investors. Aurea will also offer a range of facilities such as two infinity pools, a gym, a bouldering wall, spa facilities, indoor lounges, and multiple dining pavilions. The sky terraces on levels 17 and 33 offer breathtaking views of the CBD skyline, Marina Bay, and the Kallang waterfront. According to Ken Low, managing partner at SRI, homebuyers today look for more than just a great location – they want a home that enhances their daily lives. Aurea features a convenient location with easy access to major roadways and is just a 10-minute drive from the CBD. The last launch in the Beach Road neighborhood was the 558-unit Midtown Modern in 2021, which has been fully sold at an average price of $2,825 psf. The M, a neighboring 522-unit development, was also fully sold in 2020 at an average price of $2,528 psf. The 219-unit Midtown Bay at Guoco Midtown, completed last year, has sold 63% of its units since its launch in 2019 at an average price of $3,090 psf. With its prime location, upscale residences, and heritage building, Aurea is estimated to achieve prices of over $3,000 psf. Given the strong demand for new homes in the district, it is expected to attract high interest from prospective homebuyers and investors. The project is slated for completion in 2Q2029.…

On February 6, Perennial Holdings and Far East Organization announced the launch of their latest joint project, Aurea, a luxury residential tower within the Golden Mile Singapore mixed-use development in District 7.

Designed by DP Architects, the 45-storey tower will have 188 units sitting on a 144,908 sq ft site. It will also feature a link bridge connecting it to the neighboring The Golden Mile, a commercial building that includes retail space, medical suites, and offices. The Golden Mile is the former Golden Mile Complex, a conserved building known for its architectural heritage. This was the first collective sale and conservation of a building in Singapore. In May 2022, Perennial Holdings and Far East Organization purchased the building en bloc for $700 million.

Aurea’s exclusive preview is set to begin on February 22, with the official launch on March 8. The apartments will be priced from $2,750 psf, with two-bedroom units starting at $1.92 million ($2,972 psf).

The residential units at Aurea will offer a range of sizes, from two- and three-bedroom apartments (635 sq ft to 1,001 sq ft) to four- and five-bedroom units (1,442 sq ft to 3,251 sq ft). There are also two penthouses, a 5,608 sq ft six-bedroom duplex and an 8,816 sq ft six-bedroom triplex. Units with four bedrooms or more will come with private lift access, and the triplex penthouse will have a private pool.

According to Marcus Chu, CEO of ERA Singapore, these larger units are designed to suit the affluent lifestyle of buyers in the Core Central Region (CCR). Meanwhile, the majority of the units (60%) are two- and three-bedroom units, which are expected to appeal to both homebuyers and investors.

Aurea will also offer residents exclusive facilities, including two infinity pools, a gym, a bouldering wall, spa facilities, and multiple dining pavilions. Sky terraces on levels 17 and 33 will offer panoramic views of the CBD skyline, Marina Bay, and the Kallang waterfront.

Ken Low, managing partner at SRI, says that today’s homebuyers are looking for more than just a great location – they want a home that enhances their daily lives. Aurea delivers on this with its convenient location, thoughtful design, and inspiring facilities and spaces.

The Golden Mile Singapore also includes 156 strata office units and 19 medical suites, which were launched for sale in December 2024. Perennial and Far East will retain ownership of the revamped two-storey retail atrium to curate the tenant mix. According to PropNex CEO Ismail Gafoor, the iconic Golden Mile Complex has great potential, especially for its office space, which could attract buyers. He adds that buyers today prioritize quality projects near MRT stations and have easy access to essential amenities. The development is conveniently located near major roadways such as Nicoll Highway, East Coast Parkway, and Kallang-Paya Lebar Expressway.

The last launch in the Beach Road neighborhood of District 7 was the 558-unit Midtown Modern in 2021. All units have been sold at an average price of $2,825 psf, and the project is expected to be completed this year. The neighboring 522-unit The M was launched in 2020 and was completely sold at an average price of $2,528 psf. The 219-unit Midtown Bay at Guoco Midtown was completed last year, and 63% of the units have been taken up as of February 5 at an average price of $3,090 psf.

Given its prime location, upscale residences, and the iconic Golden Mile Complex, PropNex’s CEO Gafoor predicts that prices at Aurea could exceed $3,000 psf. He believes that the project will attract significant interest from both homebuyers and investors.

Aurea is expected to be completed in the second quarter of 2029. To find out the latest listings for Aurea properties, visit Ask Buddy. You can compare prices for new launch condos versus executive condos, check out projects that have recently obtained TOP, and look for condo rental listings in District 7. Also, compare the price trend for new condos versus resale condos and check out recent condo sale transactions in District 7.…

MCL Land and CSC Land Group have announced the upcoming launch of Elta, a luxurious 501-unit residential development situated in the tranquil neighbourhood of Clementi. The development will be available for preview starting from Feb 7, with public sales to follow on Feb 22.

Nestled on a 99-year leasehold land spanning approximately 144,788 sq ft, Elta comprises of two 39-storey residential buildings located along Clementi Avenue 1. The units range from one-bedroom-plus-study to five-bedroom layouts, with sizes ranging from 506 sq ft to 1,776 sq ft. According to the developers, Elta will be constructed in accordance with the guidelines set by the Urban Redevelopment Authority (URA).

For those interested in the property, the latest information on available units and prices can be obtained at the launch of ELTA. The indicative pricing for the units begins at $1.158 million ($2,289 psf) for the one-bedroom-plus-study units, $1.388 million ($2,261 psf) for two-bedroom units, and $2.198 million ($2,374 psf) for three-bedroom units. The four and five-bedroom units are priced at $2.798 million ($2,363 psf) and $3.888 million ($$2,189 psf) respectively.

The showflat at Prince Charles Crescent will showcase three layouts, including a two-bedroom plus study unit that can be transformed into a compact three-bedroom, a four-bedroom dual-key unit, and a five-bedroom unit designed for multi-generational living.

Elta boasts a prime location within walking distance to Clementi MRT Station on the East-West Line. It is also conveniently close to popular dining and shopping destinations like The Clementi Mall, 321 Clementi, and Grantral Mall. Families with school-going children will appreciate the availability of prestigious schools in the vicinity such as Clementi Primary School, Pei Tong Primary School, Nan Hua Primary and High School, Anglo-Chinese School (Independent), and NUS High School of Math and Science.

Lee Tong Voon, CEO of MCL Land, expresses, “Elta is designed with the concept of luxury living in mind, with its high-rise towers strategically positioned to offer breathtaking views of the city, Pandan Reservoir, and the sea.” Qian Liang Zhong, chairman of China Construction (South Pacific) Development Co (CCDC), the parent company of CSC Land Group, adds, “Clementi is a desirable and dynamic town that seamlessly integrates traditional shops and modern amenities, providing convenience to its residents.”

Elta will boast an impressive range of 50 facilities across five zones, including a 50-metre lap pool, gymnasium, tennis court, and gardening corner. Residents can expect to receive their temporary occupation permit for Elta in 2028. For more details on the property, interested buyers can explore the latest listings for Elta, as well as other condominium properties on AskBuddy.

Other helpful resources available on the website include price trends for new condo versus Executive Condominium (EC) sales, condo projects with the highest average PSF, condo transactions with the highest profits in the past year, and a comparison of price trends for HDB, condo, and landed properties. Those looking to rent in District 5 can also find condo rental listings on the website. Don’t miss the chance to experience elevated living at Elta – register your interest now and be a part of this exciting launch.…

SINGAPORE: A high-end warehouse and factory situated in Gul Circle is available for purchase through an expression of interest with an asking price of $42 million, as announced by Knight Frank Singapore, the exclusive marketing agent for the property.

The property, which is a five-storey single-user factory and warehouse on a JTC leasehold, includes a mezzanine with four floors and boasts a total gross floor area of approximately 245,955 sq ft. Sitting on a 105,648 sq ft site, the property still has a remaining tenure of 15 years and 11 months, as of February 1. It falls under the Business 2 zone according to the URA Master Plan 2019.

Knight Frank Singapore highlights that the property has been designed to cater to modern industrial needs, with features such as high ceilings for storage and operations, cold rooms, and heavy floor loading abilities that can accommodate various industries. The property also boasts nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators.

This prime property is strategically situated near major expressways like the Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as the Joo Koon MRT station. This makes it easily accessible and convenient for transportation of goods and employees.

The expression of interest for this property will close on March 18 at 3 pm. Take advantage of this opportunity and make your business operations more efficient and effective by investing in this top-of-the-line warehouse cum factory.…