photo: Cititech Industrial Building (Main) and Pasir Panjang Citilink Warehouse Complex
ERA Realty Network Pte Ltd (ERA), Cushman & Wakefield (NYSE: CWK), and JLL (NYSE: JLL) have been jointly appointed as the exclusive marketing agents for the sale of freehold strata light industrial units at Cititech Industrial Building and Citilink Warehouse Complex. With unit prices starting from under SGD1 million, the units present an exceptional opportunity for investors and end-users alike.
Cititech Industrial Building
Cititech Industrial Building located at 629 Aljunied Road, offers 44 strata industrial units for sale, ranging from 1,281 square feet (sq ft) to 2,325 sq ft. Strategically located in the well-established MacPherson industrial estate, the site is zoned as “Business 1” under the Master Plan 2019. The light industrial units feature regular floor layouts and high floor loading capacity, providing flexibility for various industrial activities. There are ample loading and unloading bays, equipped with dock levellers that can accommodate 40-ft containers and lorries.
Situated in the city fringe area, Cititech Industrial Building enjoys dual road accesses onto Aljunied Road and Soon Wing Road. It offers convenient access to Mattar MRT Station, just a 600-metre walk away, seamlessly linked to MacPherson and Paya Lebar MRT Interchange Stations. Additionally, the property boasts excellent accessibility via major expressways including the Pan-Island Expressway (PIE), Central Expressway (CTE), and Kallang-Paya Lebar Expressway (KPE).
The property’s prime location places it in proximity to key destinations such as the Central Business District (CBD) and Singapore Changi Airport, as well as major commercial or industrial hubs such as Paya Lebar Central, Paya Lebar iPark and Kallang iPark. Moreover, it is also a less than 30-minute drive from the expressways to Woodlands Checkpoint. Workers in the vicinity have access to a plethora of dining options along Aljunied Road and MacPherson Road, with Circuit Road Hawker Centre also within walking distance. Unit size ranges from 1,281 sq ft to 2,325 sq ft and are priced from SGD1.09 million onwards.
Citilink Warehouse Complex
Citilink Warehouse Complex features 53 freehold strata warehousing units located in 102E Pasir Panjang Road and within the Alexandra Precinct. The site is also zoned “Business 1” under the Master Plan 2019. These units have superior building specifications including regular layouts for ease of usage, high floor loading capacity, wide corridors for ease of transfer of goods, and sheltered loading and unloading bays. Unit size ranges from 947 sq ft to 2,842 sq ft and are priced from SGD862,000 onwards.
The property is seamlessly connected by numerous major expressways including Ayer Rajah Expressway (AYE), West Coast Highway, Keppel Viaduct and Marina Coastal Expressway (MCE). Boosting accessibility, the Pasir Panjang MRT Station on the Circle Line is also about 500 metres away. The property is well served by surrounding amenities including Alexandra Retail Centre (ARC), Mapletree Business City I & II, Pasir Panjang Food Centre, and VivoCity.
The strategic location of Citilink Warehouse Complex makes it well-poised to benefit from the future development of the Greater Southern Waterfront. This presents itself as an excellent opportunity to benefit from the spill over impact, unlocking more value in the future.
Mr Shaun Poh, Executive Director, Capital Markets of Cushman & Wakefield says,
“Demand for freehold industrial properties remain high as such properties are scarce and coveted. We expect interest from both investors and end-users to consider these two prime opportunities favourably, given that the properties are located in popular city fringe areas and well within established industrial clusters in Singapore.”
Mr Steven Tan, Managing Director of Capital Markets & Investment Sales at ERA highlighted,
“Currently both properties are fully tenanted, offering immediate rental income to buyers. These opportunities offer an alternative asset class for investors who are interested in diversifying their portfolios beyond residential properties in Singapore, given that there are no restrictions for foreign ownership and Additional Buyer’s Stamp Duty (ABSD) is not payable.”
Ms Pamela Siow, Head of Logistics and Industrial, Capital Markets, JLL Singapore commented,
“Both industrial properties have distinct advantages that unlock future value for investors. For Cititech Industrial Building, its accessibility allows quick access to various logistical and transport nodes. The Citilink Warehouse Complex would allow investors to tap onto the much-anticipated effects of the Greater Southern Waterfront which include new economic opportunities that will attract businesses in advanced industries.”
About ERA Singapore
ERA Singapore is the largest international agency in Singapore and has been setting and redefining industry standards through the pioneering of real estate concepts, technologies, initiatives and services since its inception in 1982. As a wholly-owned subsidiary of SGX mainboard listed APAC Realty Limited, ERA Asia Pacific is on track to reach 25,000 trusted advisers by 2024 across 12 countries: Singapore, Australia, Cambodia, China, Indonesia, Japan, Laos, Malaysia, South Korea, Taiwan, Thailand and Vietnam.
In Singapore, we provide a diverse range of professional services and solutions for: Private and HDB residential resale, residential leasing, project marketing, commercial and industrial, property management, auction, valuation and research. Through Ultimate Agent Training Programme, a series of specially-curated training courses developed for ERA trusted advisers, they are able to revolutionise their skills, equip themselves with the latest trends and insights of the property market, and stay ahead of the competition. With close to four decades of experience, extensive network and innovative technological tools, the company has secured innumerable dream homes for its customers in Singapore and around the world.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage, and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com External Link.
