Freehold industrial building near Tai Seng MRT sold for S$33.5m

Singapore

AN EIGHT-STOREY freehold industrial building along Little Road near Tai Seng MRT Station is being sold for S$33.5 million. The price works out to S$771 per square foot based on the net lettable area of 43,451 sq ft.

The seller, Kim Loong & Sons, developed the property which was completed about two years ago, said Kim Chong Wah, the company's managing director, when contacted by The Business Times. This was a redevelopment project; previously on the site were three low-rise detached factories.