“A prime warehouse cum factory located in the industrial district of Gul Circle is now available for sale through an expression of interest, with a starting price of $42 million. This is an exclusive listing by Knight Frank Singapore, the property’s sole marketing agent.The property boasts of a JTC leasehold five-storey single-user factory and warehouse, with an additional mezzanine comprising four floors. Its impressive total gross floor area measures approximately 245,955 sq ft.Located on a spacious 105,648 sq ft site with a remaining lease of 15 years and 11 months (as of February 1st), the property is zoned as a Business 2 site under the URA Master Plan 2019. Its strategic location provides easy access to major expressways AYE and PIE, as well as Joo Koon MRT station, making it an attractive choice for businesses and investors.According to Knight Frank Singapore, the property is designed to cater to the needs of modern industrial operations, with its high ceilings for storage and operations, cold rooms, and heavy floor loading capabilities for various industries. Additionally, the warehouse also features nine 40-foot loading and unloading bays, equipped with dock levelers, as well as four cargo and service elevators.The expression of interest exercise for this coveted property will close on March 18 at 3pm. Those interested may seize this rare opportunity to own a top-of-the-line warehouse cum factory in a prime location. Don’t miss out on this chance!”
It is crucial for international investors to have a thorough understanding of the regulations and limitations surrounding property ownership in Singapore. In general, foreigners have more flexibility when purchasing condos compared to landed properties, which have more stringent ownership guidelines. However, it is important to note that foreign buyers are still required to pay the Additional Buyer’s Stamp Duty (ABSD), currently set at 20% for their initial property purchase. Despite this added expense, the reliable stability and promising growth potential of the Singapore real estate market continue to attract foreign capital. This makes investing in a Singapore Condo a favorable choice for international investors.