Century Warehouse collectively sold for $48.5m

It has 35 strata units and a basement carpark.

Century Warehouse in Pasir Panjang was sold for $48.5m to a private investment firm, Knight Frank revealed.

The eight-storey freehold industrial warehouse has a basement carpark and has 35 strata units with a total strata area of 56,539 sqft. The development is located in an area of about 2,824.4 sqm and is zoned as Industrial (B1) according to the 2014 Master Plan, with an allowable Gross Plot Ratio
of 2.5.

Considering its price tag, the rate of the property could be translated to around $638 psf ppr.

Century Warehouse is located in an exclusive industrial enclave, surrounded by industrial developments such as Interlocal Centre and OC @ Pasir Panjang, as well as multi-concepts stores such as tech-enabled grocery and dining destination habitat by honestbee and homegrown craft spirits distillery, Brass Lion Distillery. The property is within walking distance to both the Pasir Panjang and Labrador MRT stations and enjoys easy access to major arterial roads and expressways such as the West Coast Highway and Ayer Rajah Expressway.
 

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