Building in Kallang Industrial Estate put up for sale

THE light industrial building at 12 Kallang Way is up for sale, with the current owner expecting offers exceeding $25 million.

The five-storey development sits on a 51,264 sq ft leasehold site with 34 years remaining in its lease term.

The asking price works out to approximately $213 per sq ft on the building's 116,940 sq ft gross floor area (GFA), which has not maximised its 2.5 plot ratio.