and E9 Premium@Woodlands:
Smartisan Development has acquired two freehold industrial plots, 10 and 12 Mandai Estate, in Singapore for $100 million, translating to a land rate of $657 per square feet per plot ratio (psf ppr). This includes the land betterment charge. Smartisan, the developer in question, intends to redevelop the site into a freehold food factory.

The company is experienced in developing industrial sites having already built One KA @ Macpherson in Kampong Ampat and E9 Premium@Woodlands. Located off Woodlands Road and zoned for business 2 use with a plot ratio of 2.5, 10 Mandai Estate has an area of 34,919 square feet and 12 Mandai Estate an area of 30,246 square feet.

JCube Residence After 10 years of being a leisure and edutainment centre, JCUBE is set to be redeveloped into JCube Condo Residence with 1,760 private homes, office space, retail and other complementary uses.

According to Bruce Lye, managing partner of SRI who brokered the sale, “Business 2 Freehold industrial land is rarely available for sale”. He believes the upcoming Sungei Kadut Eco District and its eco-friendly industrial designs, will help to rejuvenate the neighbourhood.

The nearby BHL Factories at 2A and 2B Mandai Estate were sold to Chiu Teng Group in July 2022 for an estimated price of around $130 million. SRI also brokered this sale, and the site is set to be redeveloped into a 10-storey CT FoodNex, a freehold multi-user food factory with a total of 110 strata-titled units.

Suited to central kitchen operations, food processing and production, and cold storage, this B2 industrial development is sure to bring great opportunity for the area. If you’d like to find commercial properties near One KA @ Macpherson and E9 Premium@Woodlands, our commercial directory can help you.