For $138 million, a freehold industrial facility on Jalan Pemimpin is for sale
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A freehold industrial property located at Jalan Pemimpin, Bishan is available to auction via an expressions of interest (EOI) with the minimum guide price of $138 million as reported in a September 19 press release issued by the Joint marketing agent SRI as well as Signature International Properties.
The property is situated on land that is 42,593 square feet that is classified as Business 1 under the Urban Redevelopment Authority’s 2019 Master Plan with an area ratio of 2.5. According to this ratio the site could be developed up to 106,000 sq feet.
The press release states that buyers have the option to keep the building personal use or to divide it into up to 54 strata units that are available for sale. The acquisition of the building offers an exceptional opportunity for businesses or investors to secure a valuable asset that has the potential to be a long-term investment according to Signature International Properties’ managing director Evan Chung.
Sharon Kow, SRI’s associate director of division, states: “We are excited to show this industrial building with a freehold situated at Jalan Pemimpin as an outstanding property situated in the heart of Singapore.”
Due to its central position it has excellent access to and connectivity with other areas on the island. It is also close to the Marymount as well as Bishan MRT stations.
The EOI closes on October 23 at 4pm.