Singapore, 23 May 2025 – ETC (宜迪产业咨询公司) as the sole marketing agent, is pleased to announce that the collective sale of MacPherson Industrial Complex at 5 Lorong Bakar Batu has been successfully awarded at S$103.888 million at the tender which closed on 22 May 2025. The sale price reflects a land rate of S$831 per sq ft per plot ratio.

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) and has an existing gross floor area of 11,613.07 sq m (approximately 125,002 sq ft). With a 98-metre-wide frontage, 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.

Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at ETC, says, “We are pleased with the overwhelming response to the sale, which drew 12 competitive tender submissions. The exceptionally strong interest reflects not only the strategic attributes of MacPherson Industrial Complex, but also continued investor confidence in Singapore’s industrial real estate — especially freehold assets in prime city-fringe locations. We’re proud to have delivered yet another successful outcome in this space.”

This is the first time MacPherson Industrial Complex is launched for tender. The lawyers acting for the owners in the collective sale is Terra Law LLC, led by Mr Christopher Yong and Mr Patrick Ee.

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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