$5.35 million for industrial property in Kaki Bukit Place

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Pinetree Hill site map

A commercial property situated at five Kaki Bukit Place will be up for auction at Huttons Asia’s auction in July 19. The property has a suggested cost of $5.35 million which is $1,116 per square foot of surface of 4,795 sq feet.

The five-storey intermediate factory is located in Eunos Techpark I located on land that is that is designated to be used for Business 2 or heavy industrial use. The site has a plot proportion to 2.5 and a lease remainder of 32 years on a 60-year lease.

Pinetree Hill site map located in the tightly held neighbourhood of the Ulu Pandan area, the charming Pinetree Hill sits in the central region of Singapore.

The property is a gross flor area of 13,100 square feet. It is equipped with amenities including a cargo and passenger lift, loading area as well as four parking areas.

Five Kaki Bukit Place is an eight-minute walk from Kaki Bukit MRT Station on the Downtown Line. It’s also close to major expressways, such as the Pan-Island Expressway, East Coast Parkway Expressway and the Kallang-Paya Expressway through a network of roads that are arterial.

“The area is further enhanced by numerous services nearby, such as eateries convenience stores, pharmacies and banks, which create an environment that is convenient,” says James Wong who is the director of auctions and sales of Huttons Asia.

Lee Sze Teck, Huttons Asia’s senior director of research believes that the property is priced well, due to recently completed transactions in Kaki Bukit Place that comprised the purchase of 34 Kaki Bukit Place for $9 million ($1,297 per sq ft on the land) at the end of May.