In a remarkable turn of events that signals a broadening of the property market's intense heat, the industrial sector has just achieved a milestone typically reserved for the hottest residential launches. CT Gold, a freehold industrial development, has completely sold out within just two days of its launch, marking a historic first for the industrial factory market proving that not only residential projects are seeing brisk sales.
CT Gold, a freehold, strata-titled industrial development in the MacPherson industrial estate consisting of 63 production units and three canteens were snapped up within two days of launch, with the project fully sold out as at 1 May 2026 with many bulk buyers snapping up multiple units.
"While the residential sector has long been the primary focus of property headlines, this unprecedented sell-out at CT Gold proves that investor appetite for industrial assets has reached a boiling point", say Kiwi Lim, Associate Group Director of PropNex Realty. "CT Gold’s rapid clearance—driven by a surge of interest from both individual investors and bulk buyers—highlights a significant shift in market dynamics."
Developed by Chiu Teng Group — which has specialised in industrial and commercial projects for the past 27 years — CT Gold is a redevelopment of the former MacPherson Industrial Complex, acquired en bloc for $103.888 million in May 2025.
Located at 5 Lorong Bakar Batu, off MacPherson Road in District 13, CT Gold is within walking distance of Potong Pasir MRT Station on the North-East Line. It is slated for completion in 2030.
Production units were sold at between $1,400 and $1,900 psf, with most transacting at an average of $1,500 to $1,600 psf. In absolute terms, the average price of units sold ranged from $2.5 million to $2.6 million.
Bulk buyers were particularly active, snapping up multiple units in a single sweep, a clear indication that "big money" is now aggressively pivoting toward high-spec industrial spaces. This record-breaking performance suggests that the industrial property segment is no longer playing second fiddle to residential; it is now a frontline contender for investors seeking capital appreciation and yield in a high-demand environment.
"The fact that an entire industrial project could be wiped off the map in 48 hours is a watershed moment for the Singapore property market. It underscores a new reality: the "hot property" narrative is no longer confined to luxury condos and HDBs—industrial factories may now be the latest frontier in the city-state's real estate frenzy." said Associate Group Director of PropNex Realty - Kiwi Lim
If you missed out on the CT Gold launch, you might find another upcoming industrial project: Gate+ particularly interesting as it offers a similarly modern "ramp-up" functionality but within the high-growth Jurong industrial belt. This upcoming project is called Gate+ - a brand-new, next-generation B2 industrial development located at Tukang Innovation Drive within the Jurong industrial hub. This 10-storey ramp-up project is a joint venture between SLB Development and Boustead. Launching from 6 May 2026 to 20 May 2026, you may find out more here.
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