The industrial real estate sector in Singapore continues to attract attention, with new opportunities emerging as properties come onto the market. One notable listing is a freehold site located on Woodlands Road, currently occupied by a vehicle maintenance workshop. The property presents an intriguing opportunity for investors and businesses alike.
Measuring approximately 2,888 square feet, this property is being offered for sale at a guide price of $4 million. This translates to about $1,385 per square foot based on the land area. The sale process will be conducted through an Expression of Interest (EOI) exercise, allowing potential buyers to submit their offers.
Strategic Location and Accessibility
Positioned near the junction of Stagmont Ring, this industrial site benefits from proximity to significant industrial hubs such as Sungei Kadut and Mandai. The Mandai area has seen considerable growth recently, with numerous developments aimed at supporting food production and storage. These initiatives are part of a larger transformation intended to develop the Sungei Kadut Eco-District into a center for agri-food technology along with waste management and recycling sectors.
Potential for Redevelopment
The current zoning classification for the property is Business 2 under Singapore’s latest Master Plan, enabling various industrial uses upon approval. This flexibility allows for redevelopment possibilities that could include establishing a round-the-clock vehicular service station equipped with electric vehicle charging facilities.
Donald Goh from ERA highlights that while the site’s size is compact, it features strategic visibility along a busy road which enhances its suitability for passenger vehicle servicing operations—making it appealing to prospective buyers aiming to establish or expand their businesses.
Connectivity Enhancements
The site enjoys excellent connectivity thanks to nearby major roads and expressways such as Woodlands Road and Upper Bukit Timah Road, alongside route access via Kranji Expressway (KJE) and Bukit Timah Expressway (BKE). Such accessibility not only facilitates operational logistics but also attracts diverse business activities in the vicinity.
Comparative Listings in the Market
In addition to this offering on Woodlands Road, another noteworthy opportunity has been listed at 151 Gul Circle in Pioneer. This factory site comes with an asking price of $18 million and possesses substantial redevelopment potential characterized by its large gross floor area and favorable plot ratio under current zoning regulations.
A Call to Industrialists
The listings highlight increased activity within Singapore’s industrial real estate market—a sector that consistently evolves in response to both demand and regulatory changes. For those interested in high-potential sites that accommodate future growth, these properties represent viable investments.
If investors seek further information on residential options or if they wish to discuss how these developments might influence their investment strategies, visiting Chuangrove Residences may provide valuable insights into adjacent opportunities in this dynamic market.
Source: Original Article