CT Gold sells out in two days as bulk buyers snap up units
Manufacturing units were sold at between $1,400 and $1,900 psf, with many transacting at approximately $1,500 to $1,600 psf. In outright terms, the average cost of units offered ranged from $2.5 million to $2.6 million.
He adds that freehold industrial developments stay specifically eye-catching amidst minimal supply. “Such possessions are engaging given their shortage and capability to maintain value gradually.”
CT Gold was previewed from April 15 to 29, pulling solid interest during the two-week period due to its place in the established MacPherson city-fringe industrial park, mentions Ken Low, managing associate of SRI, one of the venture’s joint marketing representatives.
Chu also indicates timing as a key factor. “CT Gold entered the marketplace at a time when extra organizations are rethinking their continued room approach, moving from leasing to ownership where possible.”
The 63 production units are spread out across eight grounds, with sizes extending from 1,615 to 1,959 sq ft. Sales schedulings started on April 30, with priority offered to bulk buyers buying five to 10 units.
The take-up was generated largely by mass customers buying numerous units.
” The majority of consumers were end-users,” he includes.
” Whilst multiple-unit purchases were dominant at CT Pemimpin, activity was also stronger at CT Gold, where all of the units were gotten by these purchasers,” claims Low, who connects the faster take-up to its “more main place”.
” For several SMEs, owning their area is no more simply an operational decision, however likewise an annual report technique,” claims Chu.
Marcus Chu, Chief Executive Officer of ERA Singapore, observes that demand for units at CT Gold came mostly from owner-occupiers, consisting of SMEs in sectors such as light manufacturing, shopping, logistics and creative sectors, which value proximity to the city and convenience for both clients and employees.
The solid take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a property B1 strata-titled industrial development near Marymount MRT Terminal. All 56 units and three canteens were sold quickly after the March 2025 launch, notes Kelvin Fong.
When sales opened at 10am on May 1, the standing units were promptly taken up by multiple-unit shoppers, each getting 2 to 4 units, with all production units sold within a couple of hours.
It isn’t just residential plans finding quick purchases. At CT Gold, a property, strata-titled commercial development in the MacPherson industrial estate, all 63 production units and three canteens were bought throughout 2 days of launch, with the project completely sold out as at May 1.
Established by Chiu Teng Group– that has specialised in industrial and business assignments for the previous 27 years– CT Gold is a redevelopment of the previous MacPherson Industrial Facility, got en bloc for $103.888 million in May 2025.
The 3 canteen units on the first level, varying from 1,863 to 2,293 sq ft, were likewise consumed by separate purchasers.
Located at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the development is throughout strolling distance of Potong Pasir MRT Station on the North-East Line. It is slated for wrap-up in 2030.
