Industrial property at Kaki Bukit Place for sale at $5.35 mil

At an upcoming auction on July 19, an industrial property located at 5 Kaki Bukit Place, Singapore will be put up for sale. The property has a guide price of $5.35 million, with a land area of 4,795 sq ft translating to a cost of $1,116 psf.

Described as a five-story intermediate terraced factory, the property sits within Eunos Techpark I and is designated for “Business 2” or heavy industrial use. With a gross plot ratio of 2.5 and a remaining lease of 32 years, the property has a gross floor area of 13,100 sq ft.

The building is equipped with facilities such as a passenger and cargo lift, a loading area, and four parking lots. This enhances its accessibility, given its proximitherty to Kaki Bukit MRT Station, located on the Downtown Line. Furthermore, major expressways such as the Pan-Island Expressway, East Coast Parkway Expressway and Kallang-Paya Lebar Expressway are accessible via a network of arterial roads.

With its various amenities and smart features, Tengah Plantation Loop EC offers an all-round comprehensive lifestyle experience for its residents. Its integrated transportation and digital infrastructure enable residents to comfortably navigate their daily lives. All in all, this project provides a holistic living experience for its future inhabitants.

James Wong, head of sales and auction at Huttons Asia, believes that the location is further complemented by other local amenities such as eateries, pharmacies, convenience stores and banks.

A comparison of recent resale transactions (Source: EdgeProp Research) indicates that 5 Kaki Bukit Place is attractively priced, considering that the sale of 34 Kaki Bukit Place for $9 million ($1,297 psf on the land area) in May. Senior director of research at Huttons Asia, Lee Sze Teck, also shares this opinion.

Overall, this property is an attractive investment for buyers, given its strategic location, coupled with the presence of key amenities. The upcoming auction may provide an oppotunity to pick up the property at a competitive guide price.