Properties for Sale: Yishun, Bedok and Kovan

By Nur Hikmah Md Ali

/ EdgeProp Singapore |

March 26, 2024 8:00 PM SGT

Yishun industrial building for sale at lower price of $15 mil

The light industrial building at 543 Yishun Industrial Park A (Photo: Edmund Tie)

A five-storey light industrial building at 543 Yishun Industrial Park A is being relaunched for sale via an expression of interest (EOI) exercise. The indicative price is $15 million or $141 psf on the existing gross floor area (GFA), $4.2 million lower than when it was first put on the market for $19.2 million in March last year.

The building occupies an 80,962 sq ft site zoned for Business 1 use. It has dual road frontages along Yishun Industrial Park A and Yishun Avenue 8. The site has a plot ratio of 2.5 and a remaining lease of about 30 years. The building has an existing GFA of about 106,410 sq ft and includes warehouse spaces on its first and fifth floors, cleanrooms on the first and third floors, and ancillary office space on all levels.

Given the site’s plot ratio of 2.5, it has a maximum allowable GFA of approximately 202,405 sq ft. Property marketer Edmund Tie notes that this allows the successful buyer to tap into the unutilised GFA for future expansion.

Swee Shou Fern, head of investment advisory at Edmund Tie, highlights that the property’s two well-maintained cleanrooms, which span 37,674 sq ft, make it ideal for companies operating in manufacturing, electronics, optics, pharmaceuticals, and precision engineering. “It is increasingly difficult to come across industrial properties equipped with pre-existing cleanrooms in today's market,” she adds.

The building will be sold as is and without tenancy. The EOI exercise closes on April 24 at 3pm.

Shophouse on Yio Chu Kang Road for sale at $5.5 mil

The shophouse is approved for restaurant use and is currently leased (Photo: PropNex Shophouses Elites)

A freehold, single-storey shophouse on 52 Yio Chu Kang Road in Kovan, District 19, has been put up for sale through an expression of interest (EOI) exercise at a guide price of $5.5 million.

The property sits on a 1,604 sq ft plot, which translates into $3,429 psf based on the guide price. Under the Master Plan 2019, the site has been zoned for commercial and residential use, with a plot ratio of 3.0.

The shophouse is approved for restaurant use and is currently leased, according to Sunny L of PropNex Shophouse Elites who is marketing the property. Parking options are available along the adjacent side road and the public parking lot at the nearby Serangoon Stadium.

Based on caveats lodged, the property was previously sold in 2012 at $2.13 million or $1,328 psf. Before that, it had changed hands in 2009 for $1.1 million or $686 psf.

The EOI exercise closes on May 2 at 3pm.

Freehold detached house in Bedok on the market for $11.5 mil

The house occupies a freehold land area of 7,999 sq ft (Photo: ERA Realty Network)

A two-storey detached house at 127 Tanah Merah Kechil Road South in Bedok in District 16 has been put up for sale via an expression of interest (EOI) exercise.

The property has a guide price of $11.5 million or $1,437 psf based on the land area, according to a March 25 press release by marketing agent ERA Realty Network.

Nestled within the landed housing enclave off Upper East Coast Road and Bedok South Road, the property has a freehold land area of 7,999 sq ft. Under the Master Plan 2019, the site is zoned for a two-storey mixed-landed development.

The house was completed around 1990. It has a floor area of 4,413 sq ft, which includes a living and dining area, four en suite bedrooms and a car porch that can fit between four and five cars.

The property is well-maintained and ideal for multigenerational families, says Tay Liam Hiap, managing director of investment sales at ERA. He adds that the buyer can rebuild or subdivide the land plot for other mixed-landed housing schemes, subject to approval from the relevant authorities.

Based on caveats lodged with URA, which has a record of transactions dating from January 1995, the property last changed hands in 2007 for $3.1 million or $388 psf.

The property is within walking distance of the Tanah Merah MRT Station on the East-West Line and will be served by another MRT line, the Bedok South MRT Station, once completed by 2026. It is also within 1km of Temasek Primary School and Bedok Green Primary School.

The EOI exercise closes on April 23 at 3pm.

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Detached House