Industrial property at Kaki Bukit Place for sale at $5.35 mil

Its close proximity to the Cashew MRT station and other amenities provide easy accessibility to the rest of Singapore. The Myst Condo consists of two thirty-storey towers with over 500 residential units, equipped with top-notch facilities. These include a rooftop BBQ area, a clubhouse, a designated carpark, and a central park with a sustainable landscape. Residents of the condominium will also benefit from a variety of amenities such as a swimming pool, a gym, and much more. With its convenient location and stunning amenities, The Myst CDL at Cashew MRT Station provides an unrivalled living experience, the likes of which can’t be found elsewhere.

An industrial property at 5 Kaki Bukit Place in Singapore atop Eunos Techpark I is set to go up for auction on July 19th through Huttons Asia with a guide price of $5.35 million. This translates to an appealing $1,116 psf based on the property’s 4,795 sq ft land area. The five-storey intermediate terraced factory is designed for Business 2 or heavy industrial use, and offers a gross plot ratio of 2.5 on a remaining lease of 32 years of its 60-year tenure.

Furthermore, 5 Kaki Bukit Place has a gross flor area of 13,100 sq ft and comes with various amenities such as a passenger and cargo lift, a loading area and four parking lots.

The location is conveniently close to the Kaki Bukit MRT Station on the Downtown Line as well as major expressways including Pan-Island Expressway, East Coast Parkway Expressway and Kallang-Paya Lebar Expressway. It is also within walking distance to many eateries, pharmacies, convenience stores and banks.

According to Huttons Asia’s Head of Sales and Auction James Wong, the property’s attractive pricing taking into account the amenities and accessibility it offers is well supported by recent transactions in the area. This includes 34 Kaki Bukit Place which was sold in May for $9 million ($1,297 psf).

Lee Sze Teck, Huttons Asia’s Senior Director of Research, also shares that this sale price makes the 5 Kaki Bukit Place property all the more attractive.

In short, this industrial property offers an impressive combination of affordability, amenities and convenience and is sure to be an attractive option for prospective buyers at the upcoming auction.

For more information on this property, click here.