Two industrial buildings at Ang Mo Kio, Bartley put on the market 

TWO industrial buildings with redevelopment potential in Ang Mo Kio and Bartley have been put up for sale, marketing agents CBRE and ERA Realty said separately on Thursday (May 19).

The Ang Mo Kio industrial building, which will be sold via private treaty, has an indicative price of S$27 million. The other building, located off Upper Paya Lebar Road, has an indicative price of S$71 million.

The 3-storey building at 1 Ang Mo Kio Street 63 sits on an 87,340 square feet (sq ft) site that is zoned “Business 2” for heavier industrial use under the Urban Redevelopment Authority’s (URA) Master Plan 2019. With a plot ratio of 2.5, there is a potential built-up area of about 218,350 sq ft.

At present, the development has a total gross floor area (GFA) of 116,768 sq ft. The land plot also has a remaining tenure of 30 plus 30 years, with effect from Apr 1, 1987. It is within walking distance to Yio Chu Kang MRT station.

The Ang Mo Kio industrial building’s first 2 floors consists of warehouse space, while its third level serves as a research and development plus quality control facility. It also has 4 loading bays and a car park at the rear suitable for redevelopment, as well as an ancillary office and a staff canteen, CBRE noted.

Meanwhile, the city-fringe industrial building at 21 New Industrial Road will be made available for sale via public tender. The property is located between Bartley and Tai Seng MRT stations and a few minutes walk from Paya Lebar ipark, an industrial park.

A NEWSLETTER FOR YOU

Tuesday, 12 pm

Property Insights

Get an exclusive analysis of real estate and property news in Singapore and beyond.

Sign Up

The land plot the property sits on spans 36,257 sq ft and is zoned for “Business 1” for light and clean industrial use with a gross plot ratio of 2.5. The GFA is 83,095 sq ft.

The freehold development may be redeveloped into a strata-titled development, or a single or multi-user corporate headquarters, ERA noted. There will be no Additional Buyer’s Stamp Duty payable.

The tender for 21 New Industrial Road will close on Jun 30 at 4 pm.