By Lynda Hong | Posted: 11 September 2012 2049 hrs


Two buildings for industrial use have been put up for sale.

The industrial building at Jalan Kilang Barat, off Jalan Bukit Merah, sits on a site spanning 11,462 square feet (sq ft).

It has a gross floor area of about 28,560 sq ft and lettable area of approximately 26,700 sq ft.

The owners of the building are expecting a price of between S$20 million and S$22 million.

This works out to S$700 per square foot (psf) to S$770 psf of gross floor area and about S$750 psf to S$824 psf of the estimated lettable area.

The building, which was completed in 2010, has a lease of about 48 years left.

The other building is a 60-year leasehold strata-titled industrial development at 7 Gambas Crescent. It is to be completed by 2015.

The size of a typical column-free unit ranges from approximately 1,600 sq ft to 2,700 sq ft, with prices starting from S$350 per sq ft.

Named Ark@Gambas, the nine-storey light industrial building comprises 293 part-ramp-up and part-flatted factory units, with full-glass frontage and floor-to-floor height of up to seven metres for the ground-floor units.

– CNA/fa