CT Gold sells out in two days as bulk buyers snap up units
Production units were sold at between $1,400 and $1,900 psf, with most negotiating at an average of $1,500 to $1,600 psf. In outright terms, the average price of units marketed ranged from $2.5 million to $2.6 million.
” For several SMEs, possessing their area is no more just a functional choice, however likewise a balance sheet strategy,” states Chu.
The strong take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a property B1 strata-titled industrial advancement near Marymount MRT Terminal. All 56 units and 3 canteens were offered quickly after the March 2025 launch, notes Kelvin Fong.
The 3 canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were also occupied by different buyers.
The take-up was driven largely by mass buyers getting multiple units.
Located at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the development is inside walking range of Potong Pasir MRT Station on the North-East Line. It is slated for completion in 2030.
CT Gold was previewed from April 15 to 29, drawing solid interest during the two-week duration because of its place in the developed MacPherson city-fringe enterprise zone, mentions Ken Low, managing associate of SRI, one of the project’s joint promotion and marketing representatives.
It isn’t simply residential plans observing brisk purchases. At CT Gold, an estate, strata-titled industrial property development in the MacPherson industrial estate, all 63 manufacturing units and three canteens were snapped up throughout two days of launch, with the project fully sold out as at May 1.
He adds that freehold industrial developments continue to be specifically appealing in the middle of minimal supply. “Such properties are engaging given their shortage and capacity to preserve value gradually.”
” While multiple-unit transactions were dominant at CT Pemimpin, activity was also stronger at CT Gold, where all of the units were obtained by these buyers,” states Low, who associates the faster take-up to its “more main place”.
The 63 production units are spread throughout 8 grounds, with dimensions stretching from 1,615 to 1,959 sq ft. Sales reservations started on April 30, with priority offered to bulk purchasers acquiring 5 to 10 units.
Chu additionally indicates timing as an essential aspect. “CT Gold got in the marketplace at once when a lot more businesses are reconsidering their continued area method, moving from leasing contract to ownership where possible.”
When sales opened at 10am on May 1, the remaining units were swiftly taken up by multiple-unit investors, each acquiring 2 to 4 units, with all production units sold within a couple of hours.
Built by Chiu Teng Group– that has actually specialised in industrial and commercial projects for the past 27 years– CT Gold is a redevelopment of the former MacPherson Industrial Facility, obtained en bloc for $103.888 million in May 2025.
” Most of buyers were end-users,” he adds.
Marcus Chu, CEO of ERA Singapore, recognizes that demand for units at CT Gold came largely from owner-occupiers, consisting of SMEs in industries such as light manufacturing, shopping, logistics and creative sectors, which value proximity to the city and ease of access for both customers and employees.
