Freehold industrial development in Macpherson for sale at $15.9m

The five-storey building houses production areas and worker dormitories across a 16,943 sqft GFA.

A freehold industrial building on 14 Genting Road in Macpherson was launched for sale at $15.9m via a expression of interest (EOI) exercise, according to an announcement by Knight Frank Singapore.

The five-storey development sits on a site area of approximately 5,789 sqft, and houses production areas on levels one to three and secondary workers’ dormitories on levels four and five, Knight Frank noted. The site is zoned industrial B1 under the 2014 Master Plan for clean and light industrial usage, with a gross floor area (GFA) of 16,943 sqft.

The indicative asking price of $15.9m translates to a land rate of approximately $938.44 psf ppr, according to Knight Frank.

“It may also be used by end users from clean and light industries requiring production, storage and/or ancillary office spaces,” Knight Frank said.