Photo from C&W

Food factory development site in Mandai Industrial Estate Food Zone on sale via tender

The site’s indicative price is $90m.

2C Mandai Estate, a freehold development site for a food factory, is being sold by tender.

The tender for the site will close on 10 October, Tuesday, at 3:00 p.m.

The site’s marketing agent, Cushman & Wakefield, said the site’s indicative price is $90m.

“Including land betterment charges estimated to be $3.4m, the land rate works out to about $738 per square foot per plot ratio (psf ppr),” C&W said.

2C Mandai Estate is located in Mandai Industrial Estate Food Zone. It has a land area of 4,703.7 sq m (50,630 sq ft), a gross plot ratio of 2.5, and is zoned “Business 2” under the Master Plan 2019. 

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