Dual potential for redevelopment or adaptive reuse, catering to diverse investor profiles
Singapore, 15 April 2025 – ETC (宜迪产业咨询公司) is pleased to offer for collective sale – MacPherson Industrial Complex, a prime freehold industrial property located at 5 Lorong Bakar Batu, within the well-established MacPherson industrial estate.
As the sole marketing agent, ETC invites all interested parties to submit their offer via the tender, which will close on 22 May 2025 at 3pm.
An 8-storey building, MacPherson Industrial Complex sits on a regular-shaped freehold land parcel of approximately 4,590.3 sq m (approximately 49,410 sq ft). With a wide 98-metre frontage along Lorong Bakar Batu, the site enjoys prominent road visibility and convenient vehicular access.
Under URA Master Plan 2019, the site is zoned for “Business 1” use, with a plot ratio of 2.5. The site can be redeveloped up to its existing gross floor area of 11,613.07 sq m (approximately 125,002 sq ft), reflecting an equivalent plot ratio of 2.53.
While the site offers redevelopment potential, the existing 8-storey building also offers an attractive alternative for adaptive reuse – providing a faster, more cost-efficient option for investors and end-users looking to optimise time and capital.
The asking price for MacPherson Industrial Complex is S$88.8 million, which translates to a land rate of S$710 per sq ft per plot ratio. The opportunity is open to foreigners with no restrictions and there will be no Additional Buyer Stamp Duty (ABSD) payable.
Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at ETC, says, “This is a compelling opportunity for investors, developers and end-users alike. With its city-fringe location, wide road frontage and freehold tenure, the site presents strong potential for retrofitting or redevelopment. Given the tightening supply of quality freehold industrial assets and robust interest in city-fringe sites, we expect strong demand for this property.”
Ms Swee continues, “ETC’s recent successful sales of 50 Playfair Road and GS Building – both of which have now been redeveloped – reflect continued appetite for quality industrial assets. Although these deals were concluded in 2023, they remain relevant benchmarks in today’s market, where demand for freehold, well-located industrial sites continue to be strong.”
50 Playfair Road was sold to Apex Asia at S$895 per sq ft per plot ratio in November 2023, now developed as FoodPoint @ Tai Seng. GS Building located at Lorong Ampas was sold to JVA Venture Pte Ltd at S$727 per sq ft per plot ratio in February 2023, now developed as an 6-storey industrial building, Space 18. Earlier this month, Shine Ching Industrial Building located at Shaw Road was sold at S$824 per sq ft per plot ratio.
The site is well-connected to other parts of Singapore via Central Expressway (CTE), Pan-Island Expressway (PIE) and Kallang-Paya Lebar Expressway (KPE) and is conveniently located approximately 600 metres from Potong Pasir MRT Station on the North East Line. It is also close to lifestyle and dining amenities along MacPherson Road and Tai Thong Crescent, as well as retail offerings at The Venue Shoppes, Poiz Centre and Grantral Mall.
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