CT Gold sells out in two days as bulk buyers snap up units
The 63 manufacturing units are spread out across eight floorings, with sizes stretching from 1,615 to 1,959 sq ft. Sales bookings kicked off on April 30, with top priority provided to bulk customers buying 5 to 10 units.
” For several SMEs, owning their area is no longer just a functional choice, however additionally a balance sheet method,” says Chu.
Manufacturing units were sold at between $1,400 and $1,900 psf, with a lot of transacting at an average of $1,500 to $1,600 psf. In absolute terms, the typical rate of units marketed ranged from $2.5 million to $2.6 million.
Marcus Chu, CEO of ERA Singapore, recognizes that demand for units at CT Gold came largely from owner-occupiers, consisting of SMEs in sectors such as light production, e-commerce, logistics and creative sectors, which worth closeness to the city and availability for both clients and employees.
The three canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were also consumed by different purchasers.
It isn’t simply housing properties observing quick sales. At CT Gold, an estate, strata-titled industrial development in the MacPherson industrial estate, all 63 production units and three canteens were purchased throughout two days of launch, with the property completely sold out as at May 1.
When sales opened at 10am on May 1, the standing units were quickly taken up by multiple-unit prospective buyers, each acquiring two to four units, with all production units marketed within a couple of hours.
Lucerne Grand showflat location
The solid take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a freehold B1 strata-titled industrial development near Marymount MRT Station. All 56 units and 3 canteens were marketed quickly after the March 2025 release, marks Kelvin Fong.
” Whilst multiple-unit acquisitions were dominant at CT Pemimpin, activity was even stronger at CT Gold, where all of the units were obtained by these buyers,” says Low, who associates the much faster take-up to its “more central area”.
” The majority of buyers were end-users,” he adds.
CT Gold was previewed from April 15 to 29, attracting strong attraction during the two-week period because of its location in the established MacPherson city-fringe enterprise zone, mentions Ken Low, managing associate of SRI, among the venture’s joint marketing representatives.
Developed by Chiu Teng Group– that has specialised in industrial and business assignments for the past 27 years– CT Gold is a redevelopment of the past MacPherson Industrial Facility, obtained en bloc for $103.888 million in May 2025.
Situated at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the development is within strolling range of Potong Pasir MRT Station on the North-East Line. It is slated for finish in 2030.
He includes that property industrial developments stay especially attractive amidst limited supply. “Such assets are engaging given their scarcity and capacity to maintain value gradually.”
Chu also underlines timing as an essential aspect. “CT Gold got in the marketplace at a time when extra services are reassessing their continued area method, changing from leasing to possession where feasible.”
The take-up was generated greatly by bulk buyers buying numerous units.
