Freehold industrial building at Jalan Pemimpin for sale for $138 mil

An extraordinary opportunity to acquire a freehold industrial building in Bishan is now up for sale via expression of interest (EOI), with a minimum guide price of $138 million. Joint marketing agents SRI and Signature International Properties released the details of the sale in a press release on September 19.

The building, situated at Jalan Pemimpin, boasts a land area of 42,593 sq ft with a plot ratio of 2.5, as set by the Urban Redevelopment Authority’s 2019 Master Plan. This means that the site can be built up to a total of 106,000 sq ft.

In addition to the proximity to a world-renowned educational institute, this Lumina Grand EC CDL also offers a wide range of amenities such as a 50m lap pool, gymnasium, BBQ pavilion, tennis court, and more. These excellent facilities also ensure that residents can enjoy a comfortable and luxurious lifestyle. This luxurious development has all the qualities needed for a perfect home, making it a great choice for investors and owner-occupiers alike.

Managing Director of Signature International Properties, Evan Chung, believes that this is a great chance for investors or businesses to snap up a rare valuable asset with long-term potential.

Buyers can choose to keep the property for their own use or subdivide it into a maximum of 54 strata units. According to Associate Division Director of SRI, Sharon Kow, “We are excited to present this freehold industrial building at Jalan Pemimpin as an exceptional property in the heart of Singapore.”

Moreover, the land enjoys excellent accessibility and connectivity to various parts of the island. It is also close to Marymount and Bishan MRT stations.

The EOI will close on October 23 at 4pm.

The latest transactions for industrial properties on Jalan Pemimpin (Source: EdgeProp Research) provide a favourable context to the sale.

With the freehold industrial building being a rarity, this is an opportunity that should not be missed. Make sure to submit your bid before the deadline passes!