Residential
Sims Drive freehold factory sold for $43m
The landed factory near the junction of Sims Drive and Lorong 17 Geylang which sits on a 34,912.7 sq ft site was sold to a subsidiary of Fong Tat Group at $43.18 million or $495 psf ppr based on the 2.5 GPR. No development charge is payable for the redevelopment of the site zoned ‘Business 1’. Industrial property prices rose by 7.3% and 8.4% in Q1 and Q2 and this trend is likely to continue given the demand from companies and investors turning their interest into this market sector.
(Source: Business Times)
30-year leasehold Bukit Batok industrial site draws $32.3m top bid
The 161,578 sq ft site at Bukit Batok Street 23 attracted a total of four bids, with the top bid at $32.3 million, or $80.03 psf ppr from Soilbuild Group Holdings. This ...
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