CT Gold sells out in two days as bulk buyers snap up units
Developed by Chiu Teng Group– that has specialised in industrial and business projects for the past 27 years– CT Gold is a redevelopment of the past MacPherson Industrial Facility, got en bloc for $103.888 million in May 2025.
It isn’t just residence projects seeing vigorous purchases. At CT Gold, a property, strata-titled industrial property development in the MacPherson industrial estate, all 63 production units and 3 canteens were bought within two days of launch, with the property fully sold out as at May 1.
He includes that freehold industrial growths continue to be specifically attractive in the middle of limited supply. “Such possessions are engaging provided their scarcity and capacity to preserve worth with time.”
Chu additionally indicates timing as a vital element. “CT Gold got in the market at once when more services are rethinking their long-term space approach, changing from renting out to ownership where feasible.”
The strong take-up follows the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a property B1 strata-titled industrial development near Marymount MRT Station. All 56 units and three canteens were marketed soon after the March 2025 release, marks Kelvin Fong.
The take-up was generated greatly by mass buyers getting numerous units.
” The majority of home buyers were end-users,” he adds.
Marcus Chu, CEO of ERA Singapore, observes that demand for units at CT Gold came mostly from owner-occupiers, including SMEs in fields such as light production, ecommerce, logistics and artistic markets, which worth proximity to the city and ease of access for both clients and workers.
CT Gold was previewed from April 15 to 29, attracting strong interest during the two-week period because of its area in the developed MacPherson city-fringe industrial park, mentions Ken Low, handling associate of SRI, among the venture’s joint promotion and marketing representatives.
When sales opened up at 10am on May 1, the standing units were quickly taken on by multiple-unit buyers, each getting 2 to four units, with all production units offered within a few hours.
” For several SMEs, owning their space is no longer just a functional choice, however likewise an annual report method,” claims Chu.
” Whilst multiple-unit transactions were dominant at CT Pemimpin, activity was also more powerful at CT Gold, where all units were obtained by these purchasers,” claims Low, who attributes the quicker take-up to its “more central area”.
Manufacturing units were sold at between $1,400 and $1,900 psf, with the majority of transacting at approximately $1,500 to $1,600 psf. In outright terms, the average cost of units sold ranged from $2.5 million to $2.6 million.
Found at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the project is throughout strolling range of Potong Pasir MRT Station on the North-East Line. It is slated for wrap-up in 2030.
The 63 manufacturing units are spread out across eight grounds, with dimensions varying from 1,615 to 1,959 sq ft. Sales reservations commenced on April 30, with top priority offered to bulk customers purchasing five to 10 units.
The three canteen units on the first level, varying from 1,863 to 2,293 sq ft, were likewise taken up by different customers.
