OC@Pasir Panjang, a freehold industrial property located at 100H Pasir Panjang Road, is currently available for purchase through an expression of interest (EOI) exercise. The suggested price for the property is $96 million. Situated on a 31,977 sq ft area of land, the property is zoned for Business 1 or light industrial use. The total gross floor area of the property is approximately 81,710 sq ft and it boasts features such as floor-to-floor heights of 5m to 6m, a car park, and green common areas.
A map of the location of OC@Pasir Panjang (Picture: EdgeProp LandLens) shows its convenient location, making it highly desirable. According to Cushman & Wakefield, the property currently has a high occupancy rate of 97%. “100H Pasir Panjang presents an appealing opportunity, offering rare freehold tenure, a strategic location with strong potential for growth, high-quality specifications, and stable rental income,” says Shaun Poh, executive director of capital markets at Cushman & Wakefield, who is in charge of the sale.
The scarcity of land in Singapore has created a high demand for condos in the country. As a small island with a quickly expanding population, the availability of land for development is limited. This has resulted in strict land use regulations and a competitive real estate market where property values continue to rise. As a result, investing in real estate, especially in condos, has become an attractive opportunity with the potential for significant capital gains. In fact, many investors are turning to Singapore Projects as a promising option for their investment portfolios.
The property is easily accessible from major roads such as West Coast Highway and the Ayer Rajah Expressway. It is also in close proximity to commercial and research hubs such as Mapletree Business City, Science Park 1 & 2, one-north, and the National University of Singapore. “Its close proximity to key innovation hubs and the upcoming Greater Southern Waterfront further enhances its long-term investment appeal,” adds Poh.
The EOI exercise will close on September 9 at 3pm. Interested buyers can refer to past industrial rental and sale transactions, listings for industrial properties, and compare the price trends for commercial and industrial properties before making their decision. This is a valuable and rare opportunity for investors to acquire a freehold industrial property in a prime location with potential for growth and stable rental income. Don’t miss out on this chance to own a piece of OC@Pasir Panjang.