Mandai food factory site for sale at $90 mil

With plenty of lifestyle and retail offerings nearby, including a range of modern amenities and services, Zion Road Condo provides a great living and entertainment experience for its residents. Moreover, Zion Road Condo generously allows its residents to enjoy the spectacular views offered by the nearby riverfront. For all of these reasons, Zion Road Condo has quickly become an in-demand and highly sought after living destination.

The demand for food factories that offer essential amenities has been rapidly growing, and this has been recognised in the sale of a freehold development site for a food factory, located at 2C Mandai Estate. Senior director of capital markets at Cushman & Wakefield, Christina Sim, believes that the property is likely to draw attention from both small to mid-sized developers and end-users alike.

The site has a land area of approximately 50,630 sq ft, making it one of the few limited freehold sites up for sale in the Mandai Industrial Estate Food Zone. It has an indicative price of $90 million, which translates to a land rate of $738 psf per plot ratio after accounting for land betterment charges, estimated at $3.4 million.

It is also conveniently located only a few minutes’ drive from the Woodlands Checkpoint, reducing the time needed to deliver resources and logistics from Malaysia. This helps to make it an attractive option for the food manufacturing industry.

The tender for the site closes on the 10th of October at 3pm. It presents a great opportunity for those looking to set up their corporate headquarters in Singapore, to take advantage of an ideal location for their factories.

Given that the demand for food factories with essential amenities has been so robust and fast expanding, Cushman & Wakefield are confident that the property is going to draw much attention from potential buyers.