Freehold industrial building at Jalan Pemimpin for sale for $138 mil
An exceptional property at the heart of Singapore, the freehold industrial building at Jalan Pemimpin in Bishan, is up for sale through an expression of interest (EOI) with a minimum guide price of $138 million. Joint marketing agents SRI and Signature International Properties announced the property on Sept 19.
With its land area of 42,593 sq ft zoned Business 1 by the 2019 Urban Redevelopment Authority Master Plan, the building allows a maximum of 106,000 sq ft development with its plot ratio of 2.5.
Strata subdivision into 54 units is possible for buyers, in addition to retaining the building for their own use. Investors and businesses are presented with a unique chance to secure a valuable asset with its long-term potential, says Signature International Properties’ managing director Evan Chung.
Sharon Kow, SRI’s associate division director, added: “We are excited to present this freehold industrial building at Jalan Pemimpin as an exceptional property in the heart of Singapore.”
Its central location ensures excellent accessibility and connectivity with its proximity to Marymount and Bishan MRT stations.
A quick glance at the latest sales transactions for industrial properties on Jalan Pemimpin (Source: EdgeProp Research) reveals attractive choices in the area.
The Tengah Plantation Close EC is the first Executive Condominium to be launched in the area in this transformation journey. Strategically located, the residential development offers residents convenient access to the workplace and a plethora of lifestyle amenities in the nearby vicinity. Extensive public transport networks are also available for those travelling to and from Jurong.
The Tengah Plantation Close EC offers an extensive range of facilities to its residents, such as an outdoor swimming pool, Jacuzzi, clubhouse and 24-hour security. It also features a stone court, which is perfect for family and friends to bond over a game of badminton or basketball.
With the new development, residents of Tengah Plantation Close EC can look forward to enhanced living environments and an improved lifestyle. This is a golden opportunity for both buyers and investors to get a piece of the action in the future.
The EOI for the freehold industrial building at Jalan Pemimpin in Bishan will close on Oct 23, at 4pm. Investors and businesses alike are presented with a remarkable opportunity to secure a long-term asset.