Cushman & Wakefield and Knight Frank have announced the sale of 3 Kim Chuan Lane, a rare freehold industrial property in Singapore’s Tai Seng and Kim Chuan precinct. The eight-storey development, available via private treaty, provides a unique opportunity for investors and owner-occupiers to acquire a freehold asset in a market dominated by leasehold properties.
The property, situated on a 16,685 sq. ft site, boasts a gross floor area of 41,710 sq. ft and a total strata area of 54,939 sq. ft. Zoned as Business 2 under the Urban Redevelopment Authority’s Master Plan 2025, it comprises 15 strata-titled factory units and two levels of basement parking, making it suitable for various industrial and logistics uses.
Strategically located near major expressways and Tai Seng MRT Station, the property offers excellent connectivity. It has secured planning approval for addition and alteration works for food factory use and Outline Planning Permission for conversion to workers’ dormitory use, providing flexibility for temporary or permanent conversion.
Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, highlighted the scarcity of freehold industrial assets in Singapore, stating, “Such flexibility is rarely found in a single asset.” Melvin Chay, Senior Director at Knight Frank, noted the property’s potential to meet the growing demand for worker accommodation, saying it “significantly de-risks the conversion pathway for an incoming owner.”
Interested parties are encouraged to contact the joint marketing agents for further information on this unique investment opportunity.
