CT Gold sells out in two days as bulk buyers snap up units
Built by Chiu Teng Group– that has actually been experts in industrial and business work for the previous 27 years– CT Gold is a redevelopment of the past MacPherson Industrial Complex, obtained en bloc for $103.888 million in May 2025.
” Most of investors were end-users,” he adds.
He includes that freehold industrial advancements stay specifically eye-catching in the middle of limited supply. “Such properties are engaging provided their shortage and ability to preserve price with time.”
Found at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the development is throughout strolling range of Potong Pasir MRT Station on the North-East Line. It is slated for finish in 2030.
The 63 production units are spread out throughout eight floors, with sizes stretching from 1,615 to 1,959 sq ft. Sales schedulings kicked off on April 30, with top priority offered to mass customers buying five to 10 units.
CT Gold was previewed from April 15 to 29, luring strong attraction throughout the two-week time frame thanks to its area in the established MacPherson city-fringe enterprise zone, explains Ken Low, handling associate of SRI, among the venture’s shared marketing brokers.
When sales opened up at 10am on May 1, the standing units were rapidly taken on by multiple-unit buyers, each acquiring two to four units, with all production units offered within a couple of hours.
The 3 canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were likewise consumed by separate purchasers.
Chu additionally underlines timing as an essential aspect. “CT Gold got in the market at a time when much more organizations are reconsidering their long-term room approach, shifting from renting to possession where possible.”
Marcus Chu, Chief Executive Officer of ERA Singapore, sees that demand for units at CT Gold came largely from owner-occupiers, consisting of SMEs in markets such as light manufacturing, e-commerce, logistics and creative markets, which value proximity to the city and convenience for both clients and workers.
” Whilst multiple-unit acquisitions were dominant at CT Pemimpin, activity was even stronger at CT Gold, where all of the units were obtained by these buyers,” says Low, who associates the quicker take-up to its “more main place”.
The strong take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a freehold B1 strata-titled industrial growth near Marymount MRT Terminal. All 56 units and 3 canteens were offered shortly after the March 2025 launch, notes Kelvin Fong.
” For many SMEs, possessing their area is no more just a functional decision, however also a balance sheet strategy,” says Chu.
The take-up was driven greatly by mass buyers buying multiple units.
It isn’t just residential properties observing quick sales. At CT Gold, a property, strata-titled industrial development in the MacPherson industrial estate, all 63 production units and three canteens were bought within 2 days of launch, with the plan completely sold out as at May 1.
Production units were sold at in between $1,400 and $1,900 psf, with many negotiating at an average of $1,500 to $1,600 psf. In absolute terms, the average price of units offered varied from $2.5 million to $2.6 million.
