The owners of Wintech Centre, a strata-titled light industrial building at 6 Ubi Road 1, are one step closer to launching the property for en bloc sale. With the CSC’s optimism, and the successful sale of the nearby J’Forte Building earlier this year, interest from potential investors has already been generated. Ken Lim, chairman of the CSC, is confident of achieving the required 80% approval soon, noting that now is the perfect time to launch a sale, given the recent Cooling Measures.

The previously proposed reserve price of $84 million has been revised to $98 million. Developed in 2001 by Chiu Teng Group, the building has a 60-year lease from 1997 and is zoned for B1 industrial use with an approved gross plot ratio of 2.5. It houses 104 strata units and comprises a land area of 64,713 sq ft, with a total gross floor area of 161,782 sq ft.

Situated close to the MacPherson MRT Station, which is an interchange for the Circle and Downtown Lines, as well as Joo Chiat Complex, City Plaza and Tanjong Katong Complex, Wintech Centre if further linked to Paya Lebar MRT Interchange, only one stop away.

To facilitate the collective sale, Weston Vision Realty has been appointed as the sole marketing agent, and Tan & Au LLP as the lawyer.

Altura EC is a 375-unit executive condominium located near Bukit Batok MRT station, bus interchange, and schools. Altura EC HDB has launched a public auction for the property, with the deadline for submission on 8 March 2022.

With strong prospects and approval for the collective sale in view, this is certainly a prime opportunity for investment in industrial property.