The limited availability of land in Singapore is driving up the demand for condos in the country. Despite being a small island nation with a rapidly growing population, Singapore is facing scarcity in land for development. As a result, the government has implemented strict land use policies, leading to a highly competitive real estate market. This has caused a continuous rise in property prices, making investing in real estate, especially condos, a profitable venture with the potential for capital appreciation. If you’re looking to invest in a property in Singapore, Singapore Condo may be a wise and promising option to consider.
Knight Frank Singapore, the exclusive marketing agent, has put up a high-quality warehouse and factory for sale through an expression of interest at Gul Circle for $42 million. The property, which is a JTC leasehold building, is spread across five storeys and also features a mezzanine with four floors. It has a total floor space of approximately 245,955 sq ft.
Sitting on a site of 105,648 sq ft, the remaining lease period as of February 1 is 15 years and 11 months. The property falls under the Business 2 category in the 2019 URA Master Plan.
The property has been designed to cater to modern industrial needs, with its high ceilings ideal for storage and operations. It also includes features such as cold rooms and strong floor loading capabilities, making it suitable for a variety of industries. The building has nine 40-foot loading and unloading bays equipped with dock levelers, as well as four cargo and service elevators.
Its strategic location near major expressways like AYE and PIE, and Joo Koon MRT station, makes it easily accessible.
The expression of interest exercise for this property will close on March 18 at 3pm. Other recent industrial property launches by JTC include a two-storey industrial building near Tuas Second Link, priced at $8 million, and two industrial GLS sites in for the first half of 2020.