CT Gold sells out in two days as bulk buyers snap up units
The 63 manufacturing units are spread across 8 floors, with dimensions stretching from 1,615 to 1,959 sq ft. Sales reservations kicked off on April 30, with top priority offered to mass customers buying 5 to 10 units.
” Whilst multiple-unit acquisitions were dominant at CT Pemimpin, activity was even more powerful at CT Gold, where all of the units were acquired by these customers,” states Low, who connects the quicker take-up to its “more central place”.
The 3 canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were likewise occupied by different purchasers.
” For lots of SMEs, owning their space is no more just a functional choice, however also a balance sheet technique,” states Chu.
Chu additionally indicates timing as a key aspect. “CT Gold got in the marketplace at once when more businesses are reassessing their long-term room method, shifting from renting out to ownership where possible.”
The solid take-up follows 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 3 canteens were sold quickly after the March 2025 launch, marks Kelvin Fong.
Manufacturing units were sold at between $1,400 and $1,900 psf, with a lot of transacting at approximately $1,500 to $1,600 psf. In outright terms, the ordinary price of units marketed varied from $2.5 million to $2.6 million.
” The majority of buyers were end-users,” he includes.
Built by Chiu Teng Group– that has actually specialised in industrial and commercial projects for the past 27 years– CT Gold is a redevelopment of the former MacPherson Industrial Complex, got en bloc for $103.888 million in May 2025.
Marcus Chu, Chief Executive Officer of ERA Singapore, sees that demand for units at CT Gold came largely from owner-occupiers, including SMEs in sectors such as light production, ecommerce, logistics and artistic industries, which worth distance to the city and convenience for both customers and staff members.
It isn’t just residence projects seeing vigorous purchases. At CT Gold, a freehold, strata-titled commercial property development in the MacPherson industrial estate, all 63 production units and three canteens were bought throughout two days of launch, with the property totally sold out as at May 1.
He adds that estate commercial growths continue to be particularly appealing amidst limited supply. “Such assets are compelling given their shortage and ability to maintain worth over time.”
The take-up was driven mainly by mass customers purchasing multiple units.
CT Gold was previewed from April 15 to 29, luring strong interest throughout the two-week span due to its area in the established MacPherson city-fringe industrial park, says Ken Low, managing associate of SRI, one of the project’s shared promotion and marketing agents.
When sales opened at 10am on May 1, the remaining units were swiftly taken on by multiple-unit shoppers, each acquiring 2 to 4 units, with all production units sold within a couple of hours.
Located at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the project is throughout strolling distance of Potong Pasir MRT Station on the North-East Line. It is slated for finish in 2030.
