Facade of CT Gold at MacPherson industrial estate by developer Chiu Teng Group, where all units were sold within two days (Artist's Impression: CT Gold website)
It isn’t just residential projects seeing brisk sales. At CT Gold, a freehold, strata-titled industrial development in the MacPherson industrial estate, all 63 production units and three canteens were snapped up within two days of launch, with the project fully sold out as at May 1.
The take-up was driven largely by bulk buyers snapping up multiple units.
Developed by Chiu Teng Group — which has specialised in industrial and commercial projects for the past 27 years — CT Gold is a redevelopment of the former MacPherson Industrial Complex, acquired en bloc for $103.888 million in May 2025.
Located at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the development is within walking distance of Potong Pasir MRT Station on the North-East Line. It is slated for completion in 2030.
Read also: Soon-to-TOP CT FoodNEX designed to power F&B manufacturing with efficiency
CT Gold is a redevelopment of the former MacPherson Industrial Complex at 5 Lorong Bakar Batu (Source: EdgeProp Landlens)
The 63 production units are spread across eight floors, with sizes ranging from 1,615 to 1,959 sq ft. Sales bookings began on April 30, with priority given to bulk buyers purchasing five to 10 units.
When sales opened at 10am on May 1, the remaining units were quickly taken up by multiple-unit buyers, each acquiring two to four units, with all production units sold within a few hours.
The three canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were also taken up by separate buyers.
CT Gold was previewed from April 15 to 29, drawing strong interest during the two-week period due to its location in the established MacPherson city-fringe industrial area, says Ken Low, managing partner of SRI, one of the project’s joint marketing agents.
“The majority of buyers were end-users,” he adds.
Production units were sold at between $1,400 and $1,900 psf, with most transacting at an average of $1,500 to $1,600 psf. In absolute terms, the average price of units sold ranged from $2.5 million to $2.6 million.
Cross-section of the eight-storey CT Gold (CT Gold website)
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 Station. All 56 units and three canteens were sold shortly after the March 2025 launch, notes Kelvin Fong.
“While multiple-unit purchases were dominant at CT Pemimpin, activity was even stronger at CT Gold, where all units were acquired by these buyers,” says Low, who attributes the faster take-up to its “more central location”.
Marcus Chu, CEO of ERA Singapore, observes that demand for units at CT Gold came primarily from owner-occupiers, including SMEs in sectors such as light manufacturing, e-commerce, logistics and creative industries, which value proximity to the city and accessibility for both clients and employees.
“For many SMEs, owning their space is no longer just an operational decision, but also a balance sheet strategy,” says Chu.
He adds that freehold industrial developments remain particularly attractive amid limited supply. “Such assets are compelling given their scarcity and ability to preserve value over time.”
Chu also points to timing as a key factor. “CT Gold entered the market at a time when more businesses are rethinking their long-term space strategy, shifting from leasing to ownership where possible.”
Read also: Own a rare brand new freehold industrial property in central Singapore