CT Gold sells out in two days as bulk buyers snap up units
Marcus Chu, Chief Executive Officer of ERA Singapore, recognizes that demand for units at CT Gold came primarily from owner-occupiers, consisting of SMEs in industries such as light production, ecommerce, logistics and artistic industries, which worth closeness to the city and convenience for both clients and workers.
” Most of investors were end-users,” he adds.
The 63 production units are spread out throughout 8 levels, with sizes varying from 1,615 to 1,959 sq ft. Sales reservations commenced on April 30, with priority given to mass customers buying five to 10 units.
Found at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the development is within strolling range of Potong Pasir MRT Station on the North-East Line. It is slated for finalization in 2030.
The strong take-up follows the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a freehold B1 strata-titled industrial development near Marymount MRT Terminal. All 56 units and 3 canteens were sold quickly after the March 2025 launch, indicates Kelvin Fong.
The take-up was driven mostly by mass customers grabbing multiple units.
CT Gold was previewed from April 15 to 29, pulling strong attraction during the two-week span due to its area in the developed MacPherson city-fringe industrial area, explains Ken Low, handling associate of SRI, among the venture’s shared promotion and marketing brokers.
” For lots of SMEs, possessing their room is no longer just a functional choice, but additionally a balance sheet approach,” claims Chu.
Chu additionally points to timing as a crucial variable. “CT Gold got in the market at once when a lot more businesses are reconsidering their long-term area method, moving from renting out to ownership where possible.”
Developed by Chiu Teng Group– that has actually specialised in industrial and commercial projects for the last 27 years– CT Gold is a redevelopment of the past MacPherson Industrial Complex, acquired en bloc for $103.888 million in May 2025.
When sales opened up at 10am on May 1, the remaining units were rapidly taken on by multiple-unit investors, each acquiring two to 4 units, with all production units marketed within a few hours.
” Whilst multiple-unit transactions were dominant at CT Pemimpin, activity was even more powerful at CT Gold, where all of the units were obtained by these purchasers,” says Low, who connects the much faster take-up to its “more central area”.
The 3 canteen units on the first level, varying from 1,863 to 2,293 sq ft, were also occupied by different customers.
He includes that freehold industrial advancements continue to be especially eye-catching amid minimal supply. “Such possessions are engaging provided their shortage and ability to protect price gradually.”
It isn’t simply housing plans seeing vigorous sales. At CT Gold, an estate, strata-titled commercial property development in the MacPherson industrial estate, all 63 manufacturing units and 3 canteens were gotten within 2 days of launch, with the plan fully sold out as at May 1.
Production units were cost in between $1,400 and $1,900 psf, with the majority of transacting at an average of $1,500 to $1,600 psf. In absolute terms, the average rate of units marketed ranged from $2.5 million to $2.6 million.
