Kewalram House En Bloc 2026 – B1 Industrial Property Sale

Kewalram House in Bukit Merah Launched for Collective Sale at $120 Million

Central Singapore industrial site attracts investors seeking yield, flexibility and redevelopment potential

Singapore’s industrial property market is seeing renewed momentum, and the collective sale of Kewalram House is drawing fresh attention from investors, developers, and owner-occupiers alike.

Located in the well-established Bukit Merah industrial precinct, the private development has been put up for public tender with a reserve price of $120 million, offering both immediate rental income and long-term redevelopment potential.

Positioned along Jalan Kilang Timor, the asset stands out for its flexibility and strategic location in the city fringe, where industrial land remains tightly held and increasingly scarce.

Kewalram House, a 99-year leasehold development, is being marketed exclusively by Quinvest Chambers International, with the tender closing on March 24, 2026.

Key Highlights of the Kewalram House Collective Sale

The property is zoned for Business 1 (B1) industrial use and sits on a sizeable land parcel in a mature industrial cluster.

The development currently comprises a main block and several terrace units, supporting diverse industrial and logistics requirements.

👉 Approximately 108,359 sq ft land area
👉 Gross plot ratio of 2.5
👉 Existing strata area of about 201,543 sq ft
👉 Indicative land rate of around $443 psf per plot ratio
👉 About 34 years remaining on its lease
👉 Nine loading bays and cargo lift infrastructure
👉 Around 90 parking spaces

These features position the property as a flexible platform for both operational use and future repositioning.

Why Investors Are Paying Attention to This Asset

Market observers say the appeal of Kewalram House lies in its combination of defensive characteristics and value-add potential.

Investors today are increasingly looking for assets that can generate stable income while allowing room for enhancement or redevelopment.

The property offers:

👉 Immediate occupation and rental income
👉 Asset enhancement or reconfiguration opportunities
👉 Flexible ownership due to its private, non-JTC status
👉 Ability to attract multiple tenant profiles
👉 Strategic optionality for long-term redevelopment

This balance is especially attractive in a volatile global environment where income resilience and capital growth are equally important.

Bukit Merah has long been regarded as one of Singapore’s most established city-fringe industrial zones.

Its proximity to the CBD, ports, and key logistics nodes gives it a strong competitive advantage over suburban industrial estates.

Kewalram House benefits from excellent connectivity:

👉 Easy access to the Ayer Rajah Expressway and Central Expressway
👉 Efficient links to Jurong, Tuas, and the city centre
👉 Multiple bus services within walking distance
👉 Strong accessibility for workforce and logistics

Surrounding industrial developments include Hoi Hup Building, Pacific Tech Centre, and E-centre @ Redhill, reinforcing the area’s appeal as a business hub.

Amenities Supporting Workforce and Tenant Demand

One of the advantages of city-fringe industrial properties is the availability of nearby amenities, which helps support employee productivity and tenant retention.

Nearby facilities include:

👉 ABC Brickworks Market and Food Centre
👉 Alexandra Village Food Centre
👉 Alexandra Central and Anchorpoint
👉 IKEA Alexandra
👉 Depot Heights Shopping Centre

These lifestyle conveniences enhance the attractiveness of the area for both employers and workers.

Growing Demand for Central Region Industrial Assets

Singapore’s industrial property sector has seen strong investor interest in recent years, driven by structural trends such as:

👉 E-commerce growth and logistics demand
👉 Supply constraints in central locations
👉 Increasing rental resilience in industrial assets
👉 Institutional capital entering the sector

Unlike residential collective sales, industrial en bloc opportunities remain relatively limited, especially in established city-fringe areas.

Comparable Transactions Highlight Market Momentum

Recent industrial property transactions in the vicinity reflect growing interest and pricing benchmarks.

For example, the Sime Darby Business Centre at Alexandra Road changed hands for $55 million in 2025, demonstrating continued demand for similar assets in the Central Region. Meanwhile, a property along Kung Chong Road also saw investor interest.

These deals indicate that well-located industrial assets with redevelopment potential are attracting attention from both local and foreign buyers.

Potential Buyers and Investment Strategies

Industry analysts expect interest from a wide range of investors, including:

👉 Owner-occupiers seeking central locations
👉 Developers looking for asset repositioning
👉 Real estate funds and private equity
👉 Family offices targeting stable yield
👉 REIT platforms focused on industrial exposure

The site’s flexibility means buyers can adopt multiple strategies, from near-term leasing to long-term redevelopment.

Risks and Considerations for Buyers

As with any collective sale, investors will need to carefully evaluate key factors such as lease tenure, regulatory requirements, and potential redevelopment costs.

The remaining lease of about 34 years may influence pricing and financing considerations, although this also presents opportunities for value creation through asset enhancement.