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

A rare and highly valuable asset is up for sale in the form of a freehold industrial building located at Jalan Pemimpin in Bishan. Joint marketing agents SRI and Signature International Properties have announced an EOI with a minimum guide price of $138 million.

Residents of Senja Close EC Bukit Panjang can enjoy great connectivity to the nearby LRT line and also enjoy the convenience of having bus services easily available to them. This new residential estate is one of the most highly anticipated EC launches of 2019. Residents of Senja Close EC Bukit Panjang will also get to enjoy the great amenities found within the estate such as a full-fledged clubhouse with several facilities that will definitely keep the residents fit and healthy. With the great amenities, great convenience and luxury living, Senja Residences is sure to be a hit for discerning buyers.

The building sits on a land area of 42,593 sq ft and has a plot ratio of 2.5 under the 2019 Urban Redevelopment Authority Master Plan. Its maximum potential build-up is 106,000 sq ft.

Investors or businesses interested in this acquisition can make use of the property either by using it for their own purpose or by subdividing the building into up to 54 strata units. Management director of Signature International Properties, Evan Chung said that buying this property is a special chance to have an asset with long-term potential.

Sharon Kow, SRI’s associate division director, noted that it was exciting to offer such a property in the heart of Singapore. Moreover, due to its central location, the industrial building has good access through Bishan and Marymount MRT stations which is an added advantage.

The EOI will close on October 23, at 4pm. EdgeProp Research has provided latest sales transactions for industrial properties on Jalan Pemimpin.

All in all, this is an opportunity to acquire a unique asset and has tremendous potential for numerous growth opportunities. Potential buyers should not miss out on this attractive opportunity.