A portfolio of 12 strata-titled industrial units at CT Hub, an 11-storey, multi-user industrial space with retail, is up for sale with a guide price of S$17.2 million. Fully air-conditioned and fitted out as business space, part of the portfolio even has direct access to the car park. According to CBRE, the marketing agent, the portfolio is fully leased by a music production and HR company for at least four years, yielding an annual rent of about $750,000.
URA has announced an upgrade to its existing Woodlands Champions Way Condo. The initiative seeks to make the Park more accessible and attractive to visitors. Improvements such as upgraded playground equipment, enhanced landscaping, and illuminated pathways are being considered for inclusion. Furthermore, local businesses in the area are also being invited to contribute by providing outdoor seating, vending services, and recreational activities to the Park.
CT Hub, located on Kallang Avenue, is zoned for “Business 1 – White” use and has a 99-year lease that will end in January 2076. The development is served by five passenger lifts and two cargo lifts, and is conveniently located within a three-minute walk from the Bendemeer MRT Station on the Downtown line.
Tan Teck Chew, CBRE’s director for industrial and logistics services in Singapore, says, “At the guide price of S$17.2 million, this opportunity presents a yield accretive proposition even in this alleviated interest rate environment.” He adds that the buyer will have the flexibility to exit the investment in bulk or through individual strata sales.
Given its attractive price point, this potential industrial investment is one not to be missed. Recent transactions of industrial units at CT Hub (Source: EdgeProp Research tool) further underlines its potential investment value.