Huttons Asia has announced that all production units at Generations @ Tannery have been fully sold during its launch. The development’s appeal lies in its rare B1 zoning and freehold tenure, offering potential for capital appreciation and wealth preservation. Falling interest rates, which have decreased by 2.6 percentage points since December 2023, have made ownership more attractive than renting, especially as rents for multi-user factories have risen by nearly 7% over the same period.
The scarcity of B1 zoned industrial land, coupled with the project’s proximity to Mattar MRT Station and the new residential precinct at Mattar, has driven demand. The modern façade of Generations @ Tannery is designed to project a strong corporate image, aiding in talent attraction. The column-free units with a modular grid design allow for flexibility, enabling owners to combine or sublet spaces easily.
Lee Sze Teck, Senior Director of Data Analytics at Huttons, highlighted the robust demand for freehold industrial projects, noting that the proportion of 999-year/freehold multi-user factory units has increased to 16.5% in 2026, up by 4.3 percentage points since 2022. This demand has widened the price gap between freehold and leasehold units to $488 per square foot, compared to $391 in 2020.
Additionally, the industrial canteens at the development were in high demand, with all units sold, as investors recognised the unique investment opportunity in this asset class. The successful launch underscores the strong market interest in strategically located, freehold industrial properties.
