CT Gold sells out in two days as bulk buyers snap up units
CT Gold was previewed from April 15 to 29, attracting solid interest throughout the two-week span because of its area in the established MacPherson city-fringe industrial area, mentions Ken Low, handling partner of SRI, among the venture’s joint promotion and marketing representatives.
” For several SMEs, possessing their area is no longer just a functional decision, however also a balance sheet method,” claims Chu.
Located 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 completion in 2030.
The 3 canteen units on the first level, varying from 1,863 to 2,293 sq ft, were likewise taken up by separate customers.
The 63 production units are spread out across 8 grounds, with sizes varying from 1,615 to 1,959 sq ft. Sales bookings started on April 30, with top priority provided to bulk buyers purchasing five to 10 units.
When sales opened at 10am on May 1, the remaining units were promptly taken up by multiple-unit buyers, each getting 2 to 4 units, with all production units offered within a couple of hours.
Established by Chiu Teng Group– which has actually specialised in industrial and business assignments for the previous 27 years– CT Gold is a redevelopment of the previous MacPherson Industrial Complex, obtained en bloc for $103.888 million in May 2025.
Chu likewise underlines timing as an essential variable. “CT Gold went into the marketplace at a time when more services are reconsidering their continued room approach, changing from leasing to ownership where possible.”
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He includes that property commercial growths continue to be specifically appealing amidst limited supply. “Such assets are engaging given their shortage and capability to maintain price gradually.”
Production units were sold at in between $1,400 and $1,900 psf, with many negotiating at approximately $1,500 to $1,600 psf. In absolute terms, the average rate of units sold varied from $2.5 million to $2.6 million.
It isn’t simply residence properties finding vigorous purchases. At CT Gold, a freehold, strata-titled commercial property development in the MacPherson industrial estate, all 63 manufacturing units and three canteens were snapped up throughout 2 days of launch, with the plan completely sold out as at May 1.
” The majority of home buyers were end-users,” he includes.
The strong take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, an estate B1 strata-titled industrial advancement near Marymount MRT Station. All 56 units and 3 canteens were marketed soon after the March 2025 kick off, notes Kelvin Fong.
” Whilst multiple-unit purchases were dominant at CT Pemimpin, activity was also more powerful at CT Gold, where all units were gotten by these customers,” states Low, that associates the faster take-up to its “more main location”.
The take-up was generated greatly by mass buyers grabbing multiple units.
Marcus Chu, CEO of ERA Singapore, sees that demand for units at CT Gold came mostly from owner-occupiers, consisting of SMEs in fields such as light production, ecommerce, logistics and creative markets, which worth distance to the city and ease of access for both customers and employees.
