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About 10 and 12 Mandai Estate Collective Sales
At an asking price of $100 million, Smartisan Development has acquired freehold industrial plots 10 and 12 Mandai Estate. With the land improvement fee included, the price comes to $657 psf ppr for land. Due to the appeal of the assets and the company’s sound investment plan, this strategic acquisition has garnered considerable industry attention.
The impact of this acquisition reverberates through the industry due to a convergence of factors. The substantial price tag itself is indicative of the premium status of these properties. Yet, beyond the surface, lies Smartisan Development’s meticulously crafted investment strategy.
Their ability to discern the immense value within these industrial plots and the foresight to capitalize on them has drawn great enthusiasm on market players.
Managing partner of SRI Bruce Lye commented on the rarity of Business 2 Freehold industrial property for sale. He thinks the forthcoming Sungei Kadut Eco District will bring new life to the area and open the door to more ecologically conscious and climate-proof manufacturing practices.
This uniqueness makes Smartisan Development’s purchase much more alluring. Lye’s perspective goes beyond the current agreement, though, as he sees a revolutionary future for the area. This eco-focused program is completely in line with the global movement toward environmentally friendly and climate-resilient behaviors.
The establishment of the zone is anticipated to energize the industrial environment and inspire a wave of innovation that embraces green manufacturing and sustainability.
Chiu Teng Group, a nearby real estate and construction business, purchased the former BHL Factories located at 2A and 2B Mandai Estate in July 2022. SRI is also being credited as the selling broker, and reports indicate that the acquisition price is more than $130 million.
CT FoodNex, the new development there will be a freehold, food factory with ten stories. The property includes 110 food factories, all of which are strata-titled, and occupies a freehold lot of 80,288 square feet. Kitchen activities, food manufacturing, and cold storage are all well suited to the B2 industrial district.
The Chiu Teng Group’s bold stride into the world of real estate is commendable not only for its financial valor but also for the vision it represents. This acquisition transcends the conventional notions of real estate transactions, evolving into a statement of purpose. By embracing the B2 industrial district, Chiu Teng Group is not merely acquiring property; it is cultivating a fertile ground for progress, innovation, and transformative culinary evolution.
As the development progresses, CT FoodNex is poised to catalyze an ecosystem where culinary creators can push the boundaries of their craft. This industrial haven is set to nurture ideas, incubate innovation, and redefine the culinary landscape by harnessing the capabilities of state-of-the-art facilities within an architecturally elegant framework.
Chiu Teng Group’s acquisition of the former BHL Factories has ushered in a new era of purpose-driven industrial transformation. The creation of CT FoodNex, a freehold food factory development, is a symbol of progress, innovation, and the seamless synergy between the real estate and culinary realms. With its meticulously designed infrastructure and capacity to accommodate diverse culinary activities, CT FoodNex is positioned to be a cornerstone of both industrial advancement and gastronomic excellence.
10 and 12 Mandai Estate
Both lots 10 and 12 are accessible through Woodlands Road. According to the 2019 Master Plan, they are located in the Business 2 zone and have a plot ratio of 2.5. Lot 10 is 34,919 square feet in size, whereas Lot 12 is just 30,246 square feet.
Potential of the Site
Smartisan is planning to build a freehold food processing facility on the land known as Smart Food. Smartisan is well-accustomed to the industrial market, having built both the industrial property E9 Premium @ Woodlands and One KA @ Macpherson.
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Review of 10 / 12 Mandai Estate
10 AND 12 MANDAI ESTATE
At an asking price of $100 million, Smartisan Development has acquired freehold industrial plots 10 and 12 Mandai Estate. With the land improvement fee included, the price comes to $657 psf ppr for land.
Product SKU: 10 AND 12 MANDAI ESTATE
Product Currency: SGD
Product Price: 1000000
Product In-Stock: InStock
