MacPherson Industrial Complex sold for $103.9m

The tender for the site closed on 22 May.

ETC has awarded the tender for MacPherson Industrial Complex at 5 Lorong Bakar Batu for $103.9m to an undisclosed party.

The initial tender for the site was launched on 15 April and closed on 22 May. The sale price of $103.9m reflects a land rate of $831 per sq ft per plot ratio.

MacPherson Industrial Complex is an 8-storey building situated on a freehold land parcel of approximately 49,410 sq ft with a gross floor area of approximately 125,002 sq ft.

Zoned “Business 1”, the site has a 98-metre-wide frontage for road visibility and vehicular access. It is also well-connected to major expressways as well as the Potong Pasir MRT Station.

It is also close to lifestyle and dining amenities along MacPherson Road and Tai Thong Crescent, as well as retail offerings at The Venue Shoppes, Poiz Centre, and Grantral Mall.

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