CT Gold sells out in two days as bulk buyers snap up units
Production units were sold at between $1,400 and $1,900 psf, with a lot of negotiating at an average of $1,500 to $1,600 psf. In outright terms, the average cost of units sold ranged from $2.5 million to $2.6 million.
He includes that freehold commercial growths remain particularly appealing amid restricted supply. “Such assets are engaging given their scarcity and ability to protect value in time.”
Marcus Chu, Chief Executive Officer of ERA Singapore, sees that demand for units at CT Gold came mostly from owner-occupiers, consisting of SMEs in industries such as light production, e-commerce, logistics and creative markets, which value closeness to the city and accessibility for both customers and workers.
Chu additionally underlines timing as a vital element. “CT Gold got in the marketplace at once when much more companies are reconsidering their extended space method, moving from renting out to possession where feasible.”
The take-up was driven mostly by bulk purchasers buying multiple units.
” The majority of buyers were end-users,” he includes.
When sales opened up at 10am on May 1, the remaining units were promptly taken on by multiple-unit prospective buyers, each getting 2 to 4 units, with all production units marketed within a couple of hours.
It isn’t just housing projects finding quick sales. At CT Gold, a property, strata-titled commercial property development in the MacPherson industrial estate, all 63 manufacturing units and 3 canteens were gotten within two days of launch, with the property fully sold out as at May 1.
” For several SMEs, possessing their area is no more just a functional decision, however also a balance sheet strategy,” states Chu.
The 63 manufacturing units are spread throughout 8 levels, with sizes extending from 1,615 to 1,959 sq ft. Sales schedulings commenced on April 30, with top priority given to mass purchasers buying five to 10 units.
Found at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the development is inside strolling distance of Potong Pasir MRT Station on the North-East Line. It is slated for finalization in 2030.
” Whilst multiple-unit acquisitions were dominant at CT Pemimpin, activity was also more powerful at CT Gold, where all of the units were obtained by these purchasers,” states Low, that attributes the quicker take-up to its “more central area”.
The Arcady @ Boon Keng 1037 Serangoon Road
CT Gold was previewed from April 15 to 29, drawing strong attraction during the two-week period due to its location in the developed MacPherson city-fringe industrial park, says Ken Low, managing associate of SRI, one of the venture’s joint marketing agents.
The three canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were additionally occupied by separate buyers.
The strong take-up follows the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a property B1 strata-titled industrial advancement near Marymount MRT Terminal. All 56 units and three canteens were sold shortly after the March 2025 release, notes Kelvin Fong.
Established by Chiu Teng Group– which has actually been experts in industrial and commercial assignments for the last 27 years– CT Gold is a redevelopment of the past MacPherson Industrial Complex, got en bloc for $103.888 million in May 2025.
