Colliers International has been appointed as the exclusive agent for the sale of a 3-storey strata terrace factory with a basement and roof terrace at Midview City, Singapore.
The property is being marketed through an Expression of Interest (EOI) exercise, offering investors a chance to secure a high-yielding industrial asset in a prime location.
Located in the Sin Ming Industrial Estate, Midview City is an integrated light industrial development comprising six 8-storey blocks and a row of 3-storey terrace blocks. The site is conveniently accessible via Sin Ming Lane and Bright Hill Drive, with the latter being a short 10-minute walk from Bright Hill MRT Station on the Thomson-East Coast Line.
The factory spans a strata area of approximately 9,009 square feet and is zoned “Business 1” under the Urban Redevelopment Authority’s Masterplan 2019. It holds a leasehold tenure of 60 years from 23 January 2008, leaving around 43 years remaining. Notably, the property is fully occupied and approved for use as a childcare centre, currently leased to one of Singapore’s largest private preschool operators.
Raphael Lee, Director of Industrial Services at Colliers, highlighted the property’s appeal: “Midview City is well-known for its prime location with a diverse mix of businesses and has proven to be an attractive choice for many companies and investors.”
The guide price for the property is set at $4.5m (S$6.2m), translating to $500 (S$688) per square foot on the strata area. The sale is open to foreign buyers, with no Additional Buyer’s Stamp Duty applicable. The EOI closes on 29 April 2025 at 3pm.
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