CT Gold sells out in two days as bulk buyers snap up units
Established by Chiu Teng Group– that has been experts in industrial and business projects for the previous 27 years– CT Gold is a redevelopment of the past MacPherson Industrial Facility, obtained en bloc for $103.888 million in May 2025.
The solid take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a freehold B1 strata-titled industrial development near Marymount MRT Station. All 56 units and three canteens were offered shortly after the March 2025 kick off, indicates Kelvin Fong.
Production units were cost between $1,400 and $1,900 psf, with a lot of negotiating at approximately $1,500 to $1,600 psf. In absolute terms, the average rate of units marketed ranged from $2.5 million to $2.6 million.
He includes that freehold commercial growths stay especially attractive amid restricted supply. “Such properties are compelling provided their scarcity and ability to preserve price gradually.”
Situated at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the development is inside walking distance of Potong Pasir MRT Station on the North-East Line. It is slated for finish in 2030.
” The majority of investors were end-users,” he adds.
The 3 canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were additionally consumed by different customers.
Marcus Chu, CEO of ERA Singapore, observes that demand for units at CT Gold came largely from owner-occupiers, including SMEs in markets such as light manufacturing, e-commerce, logistics and artistic markets, which worth distance to the city and convenience for both clients and staff members.
Chu additionally underlines timing as a key factor. “CT Gold entered the market at a time when more companies are reconsidering their continued space method, moving from leasing contract to ownership where possible.”
It isn’t just non commercial projects observing brisk purchases. At CT Gold, a freehold, strata-titled commercial development in the MacPherson industrial estate, all 63 manufacturing units and three canteens were snapped up throughout 2 days of launch, with the plan fully sold out as at May 1.
The take-up was driven mostly by mass buyers snapping up several units.
The 63 manufacturing units are spread out across eight floors, with dimensions stretching from 1,615 to 1,959 sq ft. Sales bookings kicked off on April 30, with top priority given to quantity buyers purchasing 5 to 10 units.
CT Gold was previewed from April 15 to 29, drawing solid attraction during the two-week duration due to its area in the developed MacPherson city-fringe industrial park, says Ken Low, regulating associate of SRI, among the venture’s joint promotion and marketing agents.
” For many SMEs, having their room is no longer simply an operational decision, however also an annual report technique,” claims Chu.
” While multiple-unit acquisitions were dominant at CT Pemimpin, activity was even stronger at CT Gold, where all units were acquired by these customers,” states Low, who associates the much faster take-up to its “more main area”.
When sales opened at 10am on May 1, the remaining units were swiftly taken up by multiple-unit investors, each getting 2 to 4 units, with all production units offered within a couple of hours.
