CT Gold sells out in two days as bulk buyers snap up units
The 63 production units are spread out across eight levels, with dimensions ranging from 1,615 to 1,959 sq ft. Sales bookings began on April 30, with top priority given to bulk customers buying five to 10 units.
He adds that freehold commercial developments continue to be particularly appealing in the middle of minimal supply. “Such assets are compelling given their scarcity and ability to protect worth with time.”
” For lots of SMEs, possessing their area is no more simply a functional decision, but also an annual report strategy,” states Chu.
Manufacturing units were sold at in between $1,400 and $1,900 psf, with a lot of transacting at an average of $1,500 to $1,600 psf. In outright terms, the average rate of units sold varied from $2.5 million to $2.6 million.
It isn’t just non commercial properties 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 throughout two days of launch, with the project completely sold out as at May 1.
The solid take-up follows the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a property B1 strata-titled industrial advancement near Marymount MRT Station. All 56 units and 3 canteens were marketed shortly after the March 2025 launch, indicates Kelvin Fong.
When sales opened at 10am on May 1, the standing units were swiftly taken on by multiple-unit buyers, each acquiring 2 to 4 units, with all production units marketed within a few hours.
The three canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were likewise occupied by separate purchasers.
” Whilst multiple-unit acquisitions were dominant at CT Pemimpin, activity was even stronger at CT Gold, where all units were obtained by these purchasers,” claims Low, that connects the quicker take-up to its “more main location”.
The take-up was steered mainly by mass purchasers snapping up numerous units.
Chu also indicates timing as a vital aspect. “CT Gold got in the marketplace at once when extra organizations are rethinking their continued space technique, changing from renting to possession where possible.”
Marcus Chu, CEO of ERA Singapore, recognizes that demand for units at CT Gold came primarily from owner-occupiers, including SMEs in fields such as light manufacturing, e-commerce, logistics and artistic sectors, which value proximity to the city and convenience for both clients and employees.
Built by Chiu Teng Group– which has specialised in industrial and commercial projects for the last 27 years– CT Gold is a redevelopment of the former MacPherson Industrial Facility, got en bloc for $103.888 million in May 2025.
” The majority of home buyers were end-users,” he adds.
CT Gold was previewed from April 15 to 29, drawing solid interest during the two-week time frame due to its area in the established MacPherson city-fringe industrial park, says Ken Low, regulating associate of SRI, among the venture’s mutual marketing agents.
Situated at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the property development is within strolling range of Potong Pasir MRT Station on the North-East Line. It is slated for wrap-up in 2030.
