CapitaLand Development bets big on food with launch of Gourmet Xchange facility in Kallang
The ‘unconventional’ hub should generate relatively stable returns, says its Singapore CEO
[SINGAPORE] CapitaLand Development (CLD) has set its sights on the food business, with plans to turn its huge new strata-titled food facility into an “unconventional food hub” catering to both end users and the wider community.
Indicative prices for Gourmet Xchange in the Kolam Ayer industrial estate start at S$2.3 million for smaller units of 295 to 393 square metres, and S$6 million for larger units spanning 570 to 758 sq m.
Located along Kallang Way in the city fringe, Gourmet Xchange is a nine-storey food factory on a massive 44,108 sq m site with a maximum gross floor area of 114,239.2 sq m, making it Singapore’s largest strata-titled food development.
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