Macpherson Industrial Complex Sold En Bloc For S$103.9 Million
Strong Investor Appetite Drives Sale 17% Above Asking Price, Signaling Robust Confidence in Singapore’s Industrial Property Market
Singapore’s industrial property landscape is buzzing following the impressive collective sale of Macpherson Industrial Complex for a remarkable S$103.888 million.
This significant transaction, finalized on May 22, 2025, not only exceeded its initial guide price by a striking 17% but also underscores a robust and growing investor confidence in prime, freehold industrial assets across the city-state.
The Deal Details: Breaking Down the Sale
The Macpherson Industrial Complex, an eight-storey freehold industrial property located at 5 Lorong Bakar Batu, was successfully sold on its very first collective sales attempt. ETC (宜迪产业咨询公司), the sole marketing agent, facilitated this highly competitive sale.
Key figures from the transaction include:
The property sits on a regular-shaped land parcel spanning approximately 49,410 sq ft (4,590.3 sq m) and boasts an existing gross floor area of about 125,002 sq ft.
Zoned “Business 1” (B1) under the 2019 URA Master Plan with a plot ratio of 2.5, its 98-metre wide frontage along Lorong Bakar Batu offers excellent road visibility and convenient vehicular access.
Why the “Overwhelming Response”? Factors Driving the High Bid
The sale drew an “overwhelming response,” attracting a total of 12 competitive tender submissions.
This exceptional interest can be attributed to several strategic attributes of the Macpherson Industrial Complex:
Ms Swee Shou Fern, Head of Investment Advisory at ETC, remarked, “The exceptionally strong interest reflects not only the strategic attributes of the MacPherson Industrial Complex, but also continued investor confidence in Singapore’s industrial real estate — especially freehold assets in prime city-fringe locations. We’re proud to have delivered yet another successful outcome in this space.”
Implications for Singapore’s Industrial Property Market
The successful en bloc sale of Macpherson Industrial Complex at a significant premium sends a clear signal about the health and direction of Singapore’s industrial property market.
What’s Next for the Macpherson Industrial Complex Site?
Given the site’s “Business 1” zoning and advantageous plot ratio, the buyer is likely to undertake a redevelopment project. This could involve transforming the site into:
The redevelopment will aim to capitalize on the site’s strategic location and connectivity, meeting the evolving demands for high-quality, future-ready industrial spaces in Singapore.
Key Takeaways & Future Outlook
The en bloc sale of Macpherson Industrial Complex for $103.9 million is more than just a transaction; it’s a testament to the robust investor confidence in Singapore’s industrial real estate sector.
The confluence of strategic location, freehold tenure, flexible zoning, and excellent connectivity created a highly desirable asset, leading to a fiercely competitive bidding process.
This sale highlights a continued appetite for quality industrial assets, particularly those in prime city-fringe areas.
As Singapore continues to evolve as a global business hub, the demand for modern, efficient industrial spaces is expected to remain strong, paving the way for more exciting developments in the market.