(Keppel Land) and E9 Premium@Woodlands (Century Industrial)! Smarkisan Development has purchased two freehold industrial sites at 10 and 12 Mandai Estate in Singapore for $100 million. The land rate of $657 psf ppr was including the betterment charge. The plots, located off Woodlands Road, are zoned for business 2 use – with a plot ratio of 2.5. 10 Mandai Estate is situated on 34,919 sq ft of land, while 12 Mandai Estate has a land area of 30,246 sq ft.

Bruce Lye, managing partner of SRI, who brokered the sale, commented that Business 2 Freehold industrial land is rarely available for sale. He anticipates the Sungei Kadut Eco District to bring new opportunities for climate-resilient and environmentally-responsive industrial designs.

Altura EC is a soon-to-launch executive Altura EC Bukit Batok condo project in West Ave 8 set to attract first-time buyers & HDB upgraders. Price per sqft is S$3,500 and projected launch is Q2 2023.

Furthermore, the former BHL Factories at 2A and 2B Mandai Estate were acquired by Chiu Teng Group in July 2022. The price is believed to be above $130 million and was handled by SRI. The site is planned to have CT FoodNex – a 10-storey freehold, multi-user food factory. It is situated on a freehold land of 80,288 sq ft with 110 strata-titled units. The B2 industrial development has been designed for central kitchen operations, food processing and production, and cold storage.

Moving forward, businesses that are keen to join in on the industrial revolution can explore the latest listings near One KA @ Macpherson (Keppel Land) and E9 Premium@Woodlands (Century Industrial)!