Two freehold industrial units in Mandai for sale with S$100m guide price

TWO adjourning freehold industrial land properties in Mandai have been put up for sale with a guide price of S$100 million, sole marketing agent Singapore Realtors Inc (SRI) announced on Thursday (Oct 27).

Located at 10 and 12 Mandai Estate, the properties have an approximate land area of 34,919 square feet (sq ft) and 30,246 sq ft respectively. The area is a 10-minute drive away from Woodlands Checkpoint.

The properties will be put up for sale via a public tender exercise. Under the Urban Redevelopment Authority’s Master Plan 2019, they are zoned Business 2 with a plot ratio of 2.5.

Both properties are situated within the Sungei Kadut Planning Area in the northern region of Singapore. The area is undergoing rejuvenation to be the first local eco-district in an industrial estate, and will provide opportunities for incoming owners, noted SRI managing partner Bruce Lye.

The properties are also near the upcoming Sungei Kadut MRT station, which will be built between the Kranji and Yew Tee MRT stations. The station will connect to the Downtown Line via a track extension from the Bukit Panjang MRT station, and is expected to be completed by mid-2030s.