The MacPherson Industrial Complex in Singapore has been sold for $75.5m (S$103.888m), exceeding its asking price by 17%, according to ETC, the sole marketing agent for the sale. The tender, which closed on 22 May 2025, attracted 12 competitive bids, highlighting strong investor interest in the property.
The 8-storey complex, located at 5 Lorong Bakar Batu, sits on a freehold land parcel of approximately 4,590.3 sq m and boasts a gross floor area of 11,613.07 sq m. The site is zoned for “Business 1” use under the URA Master Plan 2019, with a plot ratio of 2.5. Its strategic location offers excellent connectivity via major expressways and proximity to Potong Pasir MRT Station.
Swee Shou Fern, Head of Investment Advisory at ETC, expressed satisfaction with the sale’s outcome, stating, “We are pleased with the overwhelming response to the sale, which drew 12 competitive tender submissions. The exceptionally strong interest reflects not only the strategic attributes of MacPherson Industrial Complex, but also continued investor confidence in Singapore’s industrial real estate — especially freehold assets in prime city-fringe locations.”
The legal proceedings for the collective sale were managed by Terra Law LLC. The site benefits from its proximity to lifestyle amenities and retail centres, making it an attractive investment for potential buyers. The successful sale underscores the robust demand for industrial real estate in Singapore, particularly in prime locations.
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