CT Gold MacPherson Sells Out All 63 Units in Two Days as Bulk Buyers Drive Freehold Industrial Demand

CT Gold is a redevelopment of the former MacPherson Industrial Complex at 5 Lorong Bakar Batu, off MacPherson Road in District 13. Chiu Teng Group acquired the site through an en bloc purchase for S$103.888 million in May 2025, continuing the developer’s 27-year track record of specialising in industrial and commercial projects.

The eight-storey development offers 63 production units ranging from 1,615 to 1,959 sq ft across eight floors, plus three canteen units on the first level sized between 1,863 and 2,293 sq ft. Located within walking distance of Potong Pasir MRT Station on the North-East Line, the project is slated for completion in 2030.

Sales bookings began on April 30 with priority given to bulk buyers purchasing five to 10 units. When sales opened to the wider market at 10am on May 1, the remaining units were quickly taken up by buyers acquiring two to four units each. All production units were gone within hours, and the three canteen spaces were separately snapped up.

Production units transacted at between S$1,400 and S$1,900 psf, with most sales clustering around S$1,500 to S$1,600 psf. In absolute terms, the average price of units sold ranged from S$2.5 million to S$2.6 million – a quantum that appeals to SMEs looking to own rather than lease their operational space.

Marketing agents noted that the majority of buyers were end-users from sectors including light manufacturing, e-commerce, logistics and creative industries. These businesses value proximity to the city centre and accessibility for both clients and employees.

The sell-out follows Chiu Teng Group’s earlier success with CT Pemimpin, a freehold B1 strata-titled industrial development near Marymount MRT Station. All 56 units and three canteens at that project were sold shortly after its March 2025 launch, with bulk buyer activity also prominent.

For many SMEs, owning their workspace has evolved beyond an operational decision into a balance sheet strategy. Freehold industrial developments remain particularly attractive amid limited new supply, with such assets valued for their scarcity and ability to preserve value over time.

CT Gold entered the market at a point when more businesses are rethinking their long-term space strategy, shifting from leasing to ownership where possible. The city-fringe location in MacPherson – an established industrial node with good road connectivity and MRT access – adds to the appeal for businesses that need a central base without CBD rental costs.

For property investors and business owners alike, the rapid sell-out of both CT Gold and its predecessor CT Pemimpin signals sustained appetite for well-located freehold industrial assets in Singapore’s tight supply environment.