ETC has announced the collective sale of the MacPherson Industrial Complex, an 8-storey freehold industrial property located at 5 Lorong Bakar Batu in Singapore’s MacPherson industrial estate. The tender for this prime property will close on 22 May 2025 at 3pm.
The complex, situated on a 4,590.3 sq m plot, is zoned for “Business 1” use under the URA Master Plan 2019, with a plot ratio of 2.5. It can be redeveloped up to its existing gross floor area of 11,613.07 sq m, reflecting a plot ratio of 2.53. The property offers potential for both redevelopment and adaptive reuse, making it an attractive option for investors and end-users seeking to optimise time and capital.
The asking price for the MacPherson Industrial Complex is S$88.8m, equating to a land rate of S$710 per sq ft per plot ratio. Notably, the sale is open to foreign buyers without restrictions, and no Additional Buyer Stamp Duty is applicable.
Swee Shou Fern, Head of Investment Advisory at ETC, highlighted the site’s strong potential due to its city-fringe location, wide road frontage, and freehold tenure. “Given the tightening supply of quality freehold industrial assets and robust interest in city-fringe sites, we expect strong demand for this property,” she stated.
The site is conveniently located near major expressways and is approximately 600 metres from Potong Pasir MRT Station, offering easy access to lifestyle and dining amenities. Recent successful sales by ETC, such as 50 Playfair Road and GS Building, underscore the continued demand for well-located industrial sites.
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