A prime industrial site at 7 Kim Chuan Lane is up for sale by expression of interest (EOI). ERA Realty Network, the exclusive marketing agency for the property, has set a guide price of $43 million. The 15,761 sq ft, freehold land is zoned business 2 (industrial) and has a plot ratio of 2.5.

Provisional permission has been granted for the site to be redeveloped into a six-storey multiple-user food factory with a potential gross floor area of about 39,000 sq ft. It is conveniently located near the Tai Seng area, where the headquarters of BreadTalk, Charles & Keith and Sakae Sushi can be found. The nearest MRT station is the Tai Seng station on the Circle Line.

The Altura EC Qingjian Realty development is nestled in the highly sought-after neighbourhood of West Avenue 8. It features a myriad of luxurious facilities and amenities, including a 50m lap pool, Jacuzzi, clubhouse, gym, and a multi-purpose BBQ pavilion. With the latest EC developments offering immense convenience, it is no wonder why the Altura EC Qingjian Realty is garnering so much attention. Homebuyers can expect to experience a certain level of exclusivity and sophistication from this development.

The potential for redevelopment and division into strata-titled industrial units is a plus. Steven Tan, managing director of ERA capital markets and investment sales, sees this as an advantage to food companies. “The strata-titled units will appeal to food companies who prefer food factories located in the city fringe area, as they can deliver products to the city centre within a short timeframe,” he said.

The property will be sold with vacant possession and the EOI exercise is open until June 7. Those interested should take this opportunity to secure this strategic industrial site.