Ching Shine Industrial Building En Bloc Sale 2025 – Freehold D13
The Ching Shine Industrial Building, a prime freehold industrial property along Shaw Road, has been put up for collective sale by tender at a minimum price of S$113 million.
The sale is being managed by JLL, the sole marketing agent, and has already received over 80% owner consent for the en bloc transaction.
Built in the early 1980s, the 52-unit strata building sits on a 49,308 sq ft land parcel and offers 137,341 sq ft of gross floor area (GFA).
Its 100m frontage along Shaw Road makes it a highly visible and accessible property, adding to its investment appeal.
The sale represents a rare opportunity for developers and investors looking to acquire freehold industrial land in the Tai Seng area.
Key Financial Details of the Sale
The S$113 million price tag translates to a land rate of S$823 per square foot per plot ratio (psf ppr) based on its existing gross plot ratio of 2.79.
Given the limited availability of freehold industrial properties in Singapore, industry analysts expect strong interest from potential buyers, especially considering recent en bloc transactions in the vicinity.
A notable comparison is the Noel Building at 50 Playfair Road, which sold en bloc for S$81.18 million in November 2023, exceeding its guide price by 17%.
This demonstrates the high demand for industrial assets in Tai Seng, reinforcing expectations of a competitive tender process for Ching Shine Industrial Building.
Ching Shine Industrial Building Potential Redevelopment & Government Approvals
Under the URA Master Plan 2019, the site is zoned Business 1 (B1) with a gross plot ratio of 2.5, making it suitable for a variety of industrial and commercial uses.
Potential redevelopment options include:
One of the biggest advantages of this sale is that developers are not subject to Additional Buyer’s Stamp Duty (ABSD), which is often a key cost consideration in property acquisitions.
This could further drive up interest among potential bidders.
Prime Location & Excellent Connectivity
The Ching Shine Industrial Building enjoys a strategic location in the Tai Seng Industrial Estate, an area known for its mix of food production, logistics, and commercial businesses.
It is surrounded by prominent industrial properties such as BreadTalk IHQ, Sakae Building, and Food Empire Building, making it a highly sought-after business hub.
The enbloc site is well-connected via major expressways, including the Pan Island Expressway (PIE), Central Expressway (CTE), and Kallang-Paya Lebar Expressway (KPE).
Additionally, it is just a short walk from Tai Seng MRT Station (Circle Line), providing excellent public transport accessibility for businesses and employees.
Nearby amenities, such as Grantral Mall @ Macpherson and 18 Tai Seng, add to the location’s appeal, offering retail, dining, and convenience options within close reach.
Market Trends & Industrial Real Estate Demand
The sale of Ching Shine Industrial Building comes at a time when freehold industrial properties in Singapore are in high demand.
The recent en bloc sale of the Noel Building highlights the growing appetite for well-located industrial assets, and market analysts believe that Ching Shine Industrial Building could attract similar strong interest from developers and investors.
With the Singapore government continuing to increase industrial land supply through its Government Land Sales (GLS) programme, investors are increasingly looking towards private en bloc sales as an opportunity to secure prime industrial land without competing in GLS tenders.
According to Nicholas Ng, Senior Director of Capital Markets at JLL Singapore, the site presents a compelling investment case, given its freehold tenure, prime location, and potential redevelopment opportunities.
Ng also notes that the lack of ABSD requirements for industrial properties makes this an attractive acquisition target for developers and corporate investors.
Real estate analysts predict that strong demand for industrial space, particularly food factories and logistics hubs, will drive competitive bidding for Ching Shine Industrial Building.
With Singapore’s continued emphasis on strengthening its supply chain and food security, assets like these are expected to remain highly sought after.
What’s Next? Tender Closing & Market Expectations
The tender for Ching Shine Industrial Building closes on April 3 at 3 PM.
If the property is successfully sold, redevelopment plans could be finalized by early 2026, with new industrial facilities or food production hubs taking shape.
If the site remains unsold, JLL and the collective sale committee may explore price negotiations or extend the tender period to attract additional interest from buyers.
With the current favorable market conditions for industrial properties, many investors are watching this sale closely to gauge market sentiment for prime freehold industrial en bloc transactions.
The collective sale of Ching Shine Industrial Building is a significant opportunity for investors and developers looking to acquire a rare freehold industrial site in Tai Seng.
With potential for food factory conversion or multi-user industrial redevelopment, the en bloc site offers strong long-term growth potential in a high-demand business location.
As the April 3 tender deadline approaches, all eyes are on whether Ching Shine Industrial Building will set a new benchmark for industrial en bloc sales in 2025.
With the industrial property sector showing continued resilience and investor interest, this sale could pave the way for more collective transactions in Singapore’s industrial landscape.