CT Gold sells out in two days as bulk buyers snap up units
Located at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the project is throughout strolling range of Potong Pasir MRT Station on the North-East Line. It is slated for finish in 2030.
CT Gold was previewed from April 15 to 29, luring strong interest throughout the two-week time frame because of its area in the developed MacPherson city-fringe industrial park, mentions Ken Low, handling associate of SRI, one of the venture’s joint marketing representatives.
The take-up was generated mostly by bulk buyers grabbing multiple units.
” For several SMEs, owning their area is no longer just a functional decision, but additionally an annual report strategy,” says Chu.
The solid take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a freehold B1 strata-titled industrial growth near Marymount MRT Station. All 56 units and 3 canteens were sold shortly after the March 2025 release, marks Kelvin Fong.
Marcus Chu, Chief Executive Officer of ERA Singapore, recognizes that demand for units at CT Gold came mainly from owner-occupiers, including SMEs in industries such as light manufacturing, ecommerce, logistics and artistic sectors, which value proximity to the city and ease of access for both customers and staff members.
Canberra Crescent Residences floor plan
” Whilst multiple-unit purchases were dominant at CT Pemimpin, activity was also more powerful at CT Gold, where all units were gotten by these customers,” states Low, that attributes the quicker take-up to its “more central area”.
The 3 canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were also occupied by separate buyers.
Chu also points to timing as a crucial variable. “CT Gold entered the market at a time when a lot more organizations are reconsidering their extended room technique, changing from leasing to possession where possible.”
The 63 manufacturing units are spread out across eight grounds, with sizes stretching from 1,615 to 1,959 sq ft. Sales bookings began on April 30, with top priority offered to quantity buyers buying five to 10 units.
He includes that property commercial developments remain specifically eye-catching in the middle of limited supply. “Such properties are compelling given their shortage and capability to protect price in time.”
Manufacturing units were sold at in between $1,400 and $1,900 psf, with many negotiating at approximately $1,500 to $1,600 psf. In outright terms, the ordinary rate of units sold ranged from $2.5 million to $2.6 million.
It isn’t simply residence projects observing brisk purchases. At CT Gold, a freehold, strata-titled commercial property development in the MacPherson industrial estate, all 63 production units and 3 canteens were gotten within two days of launch, with the project totally sold out as at May 1.
Established by Chiu Teng Group– that has actually been experts in industrial and business work for the past 27 years– CT Gold is a redevelopment of the previous MacPherson Industrial Complex, acquired en bloc for $103.888 million in May 2025.
” Most of buyers were end-users,” he includes.
When sales opened at 10am on May 1, the remaining units were swiftly taken on by multiple-unit buyers, each acquiring two to 4 units, with all production units sold within a couple of hours.
