CT Gold sells out in two days as bulk buyers snap up units
Built by Chiu Teng Group– which has been experts in industrial and commercial work for the last 27 years– CT Gold is a redevelopment of the previous MacPherson Industrial Facility, got en bloc for $103.888 million in May 2025.
” Whilst multiple-unit acquisitions were dominant at CT Pemimpin, activity was also more powerful at CT Gold, where all of the units were gotten by these buyers,” states Low, that attributes the quicker take-up to its “more central area”.
Marcus Chu, CEO of ERA Singapore, recognizes that demand for units at CT Gold came mainly from owner-occupiers, including SMEs in markets such as light manufacturing, e-commerce, logistics and artistic industries, which worth distance to the city and availability for both clients and employees.
” Most of investors were end-users,” he includes.
” For numerous SMEs, possessing their room is no more just an operational choice, however additionally a balance sheet strategy,” states Chu.
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He includes that freehold commercial developments stay especially eye-catching in the middle of minimal supply. “Such possessions are engaging provided their scarcity and capacity to protect value over time.”
CT Gold was previewed from April 15 to 29, luring strong interest throughout the two-week duration because of its location in the established MacPherson city-fringe industrial park, mentions Ken Low, regulating associate of SRI, one of the project’s joint promotion and marketing representatives.
The 63 production units are spread out throughout eight floorings, with sizes ranging from 1,615 to 1,959 sq ft. Sales schedulings began on April 30, with top priority offered to mass purchasers acquiring five to 10 units.
The 3 canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were likewise consumed by separate buyers.
It isn’t simply residential plans observing quick purchases. At CT Gold, an estate, strata-titled industrial development in the MacPherson industrial estate, all 63 production units and three canteens were bought throughout 2 days of launch, with the project fully sold out as at May 1.
Manufacturing units were sold at in between $1,400 and $1,900 psf, with the majority of negotiating at an average of $1,500 to $1,600 psf. In absolute terms, the typical price of units offered varied from $2.5 million to $2.6 million.
The strong take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a freehold B1 strata-titled industrial advancement near Marymount MRT Station. All 56 units and 3 canteens were marketed soon after the March 2025 release, indicates Kelvin Fong.
The take-up was driven largely by bulk customers snapping up multiple units.
Situated at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the project is within strolling distance of Potong Pasir MRT Station on the North-East Line. It is slated for finalization in 2030.
Chu likewise underlines timing as an essential element. “CT Gold entered the marketplace at a time when much more companies are reassessing their extended area strategy, changing from renting out to possession where feasible.”
When sales opened at 10am on May 1, the remaining units were quickly taken up by multiple-unit shoppers, each getting two to 4 units, with all production units offered within a few hours.
