CT Gold sells out in two days as bulk buyers snap up units
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 production, e-commerce, logistics and creative sectors, which worth closeness to the city and accessibility for both clients and workers.
Chu likewise points to timing as a key factor. “CT Gold got in the market at a time when a lot more businesses are reassessing their continued room strategy, changing from leasing contract to ownership where feasible.”
It isn’t just residential projects observing brisk purchases. At CT Gold, a freehold, strata-titled commercial property development in the MacPherson industrial estate, all 63 manufacturing units and 3 canteens were purchased throughout 2 days of launch, with the plan completely sold out as at May 1.
The take-up was generated mostly by bulk customers grabbing multiple units.
The 3 canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were likewise taken up by separate buyers.
” Most of buyers were end-users,” he adds.
CT Gold was previewed from April 15 to 29, luring solid attraction throughout the two-week duration because of its area in the established MacPherson city-fringe industrial park, explains Ken Low, managing associate of SRI, among the project’s shared marketing brokers.
He adds that freehold commercial advancements stay especially appealing amidst minimal supply. “Such assets are engaging provided their shortage and capability to preserve worth in time.”
” While multiple-unit transactions were dominant at CT Pemimpin, activity was also more powerful at CT Gold, where all of the units were gotten by these customers,” states Low, who attributes the faster take-up to its “more central location”.
Manufacturing units were sold at between $1,400 and $1,900 psf, with the majority of transacting at an average of $1,500 to $1,600 psf. In outright terms, the typical cost of units offered varied from $2.5 million to $2.6 million.
When sales opened at 10am on May 1, the remaining units were promptly taken on by multiple-unit shoppers, each obtaining two to 4 units, with all production units marketed within a couple of hours.
The 63 production units are spread out across 8 grounds, with dimensions extending from 1,615 to 1,959 sq ft. Sales reservations started on April 30, with priority offered to bulk buyers buying five to 10 units.
” For lots of SMEs, possessing their area is no more simply an operational choice, however additionally an annual report strategy,” says Chu.
The strong take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, an estate B1 strata-titled industrial development near Marymount MRT Terminal. All 56 units and three canteens were sold soon after the March 2025 launch, indicates Kelvin Fong.
Developed by Chiu Teng Group– which has actually specialised in industrial and business work for the last 27 years– CT Gold is a redevelopment of the past MacPherson Industrial Complex, obtained en bloc for $103.888 million in May 2025.
Located at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the property development is within walking range of Potong Pasir MRT Station on the North-East Line. It is slated for wrap-up in 2030.
