Ching Shine Industrial Building Sold En Bloc For S$113.2 million to Soon Hock Group
A Strategic Freehold Acquisition in Tai Seng
In one of the most notable industrial en bloc transactions of 2025, Ching Shine Industrial Building has been sold for S$113.2 million to Soon Hock Group, marking a major strategic acquisition in the thriving Tai Seng industrial precinct.
The freehold property drew strong interest due to its rare tenure, prime location, and redevelopment potential.
Comprising 52 strata-titled units, the building spans a 49,308 sq ft site with a gross floor area (GFA) of approximately 137,341 sq ft, and features a prominent 100-metre frontage along Shaw Road.
Originally launched for collective sale with a similar guide price, the deal underscores strong confidence in Singapore’s freehold industrial asset market.
According to JLL, the marketing agent behind the sale, more than 80% of the owners had consented to the collective sale before the successful deal was finalized.
Soon Hock Group submitted a bid of $113.2 million, narrowly surpassing the minimum price of $113 million set by JLL.
This purchase price translates to a unit land rate of $824 per square foot per plot ratio (psf ppr).
Zoned Business 1 under the URA Master Plan 2019, the building was constructed in the early 1980s and remains one of the few remaining freehold assets in the bustling Tai Seng precinct.
Potential for Redevelopment and Food Factory Use
The sale of Ching Shine Industrial Building opens up exciting redevelopment possibilities:
Alternatively, the group may choose to:
The site’s regular shape and wide frontage make it highly adaptable for modern industrial layouts, ideally suited to:
Nearby Conveniences around Ching Shine Industrial Site
Strategically located in the Tai Seng industrial estate, the Ching Shine site is surrounded by major industrial and F&B establishments such as BreadTalk IHQ, Sakae Building, and Food Empire Building.
The property benefits from excellent transport connectivity, being within walking distance to Tai Seng MRT Station (Circle Line) and easily accessible via major expressways including the PIE, CTE, and KPE.
The area is further supported by retail and lifestyle hubs like Grantral Mall @ Macpherson and 18 Tai Seng, creating a dynamic ecosystem that attracts both occupiers and investors seeking long-term growth in Singapore’s industrial sector.
Market Trends and Developer Insights
The en bloc sale of Ching Shine follows a series of successful industrial transactions, including the nearby Noel Building, which was sold for S$81.18 million in November 2023, 17% above its guide price.
These deals highlight sustained demand for well-located freehold industrial sites with redevelopment upside.
Nicholas Ng, Senior Director of Capital Markets at JLL, noted, “The strong response to Ching Shine demonstrates the continued appetite for freehold industrial properties in Singapore. With the flexibility to transform into a food factory and strategic positioning within a thriving estate, the site stands out as a valuable long-term asset.”
For the Soon Hock Group, known for its real estate and industrial ventures, this acquisition further strengthens its investment portfolio and reinforces its long-term growth strategy in Singapore’s evolving industrial property market.
A Smart Move in Singapore’s Industrial Real Estate Sector
The sale of Ching Shine Industrial Building to Soon Hock Group marks a strategic win for both the sellers and the buyer.
With its freehold tenure, redevelopment potential, and prime location in Tai Seng, the site en bloc is poised for transformation into a modern industrial landmark.
As developers and investors continue to seek assets with long-term value and adaptability, transactions like this affirm the enduring appeal of Singapore’s industrial property sector.
All eyes will now be on what Soon Hock Group has planned for this well-positioned site.