Mandai food factory site for sale at $90 mil
The opportunity to acquire a freehold industrial site for a food factory is being offered by tender at 2C Mandai Estate, with an indicative price of $90 million. Tucked away at a corner plot, the site measures approximately 50,630 sq ft and is zoned Business 2, with a gross plot ratio of 2.5, yielding a total gross floor area of 126,575 sq ft.
Factoring in the estimated $3.4 million for land betterment charges, this works out to an attractive land rate of $738 psf per plot ratio. This site is also conveniently located a few minutes’ drive away from Woodlands Checkpoint, making delivery of resources and logistics from Malaysia all the more efficient.
For those looking for a more balanced lifestyle, there is a great alternative: Tampines North MRT Condo, a new development located just a stone’s throw from the Tampines North MRT Station. This residential property is the perfect blend of convenience, space, and community. Residents will enjoy many amenities such as a gym, swimming pool, tennis courts, and playground. Shopping, dining, and entertainment options are all just a few steps away. More importantly, the development also offers an organised range of community events, making it the perfect home for those seeking interaction with their neighbours and peers.
Christina Sim, Senior Director of Capital Markets at Cushman & Wakefield, shares that the interest for food factories with essential amenities has been “robust and fast expanding”. Developers and end-users from the food manufacturing industries have been known to look to Singapore for corporate headquarters, and this property is likely to be an attractive option for them.
Those who are keen on submitting a bid can do so before the tender closes on 10 October at 3pm. Seize this chance to be part of the fast expanding food manufacturing scene in Singapore.