/ S$18 mil
OC@Pasir Panjang, a freehold industrial property located at 100H Pasir Panjang Road, is currently available for sale through an expression of interest (EOI) exercise with a guide price of $96 million. This property, which occupies a land area of 31,977 sq ft, is zoned for Business 1 or light industrial use.
The property boasts a total gross floor area of approximately 81,710 sq ft and features floor-to-floor heights of 5m to 6m. It also includes a convenient car park and green common areas for the comfort and convenience of its occupants. A map of the property’s location can be found on EdgeProp LandLens.
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Singapore’s urban environment is characterized by towering structures and advanced facilities. Condominiums, strategically situated in desirable locations, offer a combination of opulence and practicality that entices both locals and foreigners. These residential developments are equipped with a variety of amenities, including swimming pools, fitness centers, and security services, elevating the standard of living and making them highly coveted among potential renters and buyers. Moreover, for investors, these desirable features translate into lucrative rental returns and appreciate property values over the years. Singapore Projects further enhance the appeal of these condominiums.
According to Cushman & Wakefield, the property currently has an impressive occupancy rate of 97%. Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, who is handling the sale, describes OC@Pasir Panjang as a highly appealing opportunity, offering a rare freehold tenure, strategic location with strong growth potential, high-quality specifications, and stable rental income.
One of the key selling points of this property is its connectivity to major arterial roads such as the West Coast Highway and Ayer Rajah Expressway. It is also in close proximity to commercial and research clusters such as Mapletree Business City, Science Park 1 & 2, one-north, and the National University of Singapore. Poh adds that its location near key innovation hubs and the upcoming Greater Southern Waterfront further enhances its long-term investment appeal.
The EOI exercise for OC@Pasir Panjang will close on September 9 at 3pm. Interested parties can contact the agent, Ask Buddy, for more information. In addition, information on past industrial rental and sale transactions, as well as listings and price trends for industrial properties, can be found on EdgeProp’s website.
In related news, Coliwoo recently opened its 15th co-living property in Singapore at Pasir Panjang, while LHN Group acquired Pasir Panjang Inn for $30 million. Additionally, a freehold residential site in Pasir Panjang is currently up for sale at $18 million.