Mandai food factory site for sale at $90 mil

A luxurious clubhouse provides a wide array of resort-style amenities including a swimming pool, a gymnasium, and an outdoor lounge area. With its enviable location in an affluent neighbourhood, Orchard Boulevard Condo offers exclusive city living for the well-heeled. Residents can enjoy quick access to a host of shopping, entertainment, and dining options nearby. Orchard Boulevard Condo also lies close to popular tourist attractions and major business hubs.

The sale of a freehold development site in 2C Mandai Estate for a food factory is on the market and has an indicative price of $90 million. Cushman & Wakefield is the marketing agent for the site located on a corner plot, offering a land area of around 50,630 sq ft and one of the only limited freehold sites available in the Mandai Industrial Estate Food Zone.

The gross plot ratio of this Business 2 zoned property is 2.5, allowing for a potential gross floor area of 126,575 sq ft including land betterment charges estimated at $3.4 million. Furthermore, logistics and resources from Malaysia will be made simpler with the site being just a few minutes’ drive from Woodlands Checkpoint.

Steady and heightened demand for food factories with advanced amenities is becoming increasingly frequent, and this property is likely to stir a lot of interest from developers and end-users alike from the food manufacturing sector.

To make the offer official, the tender for the site is due to close on Oct 10 at 3 pm. Those interested in the property can expect to pay a land rate of $738 psf per plot ratio.