CT Gold sells out in two days as bulk buyers snap up units
Built by Chiu Teng Group– that has actually specialised in industrial and business projects for the last 27 years– CT Gold is a redevelopment of the past MacPherson Industrial Facility, acquired en bloc for $103.888 million in May 2025.
When sales opened up at 10am on May 1, the remaining units were swiftly taken up by multiple-unit buyers, each getting two to four units, with all production units marketed within a couple of hours.
Marcus Chu, Chief Executive Officer of ERA Singapore, sees that demand for units at CT Gold came largely from owner-occupiers, consisting of SMEs in fields such as light production, e-commerce, logistics and creative industries, which worth closeness to the city and availability for both customers and workers.
Chu also indicates timing as an essential factor. “CT Gold went into the marketplace at once when a lot more organizations are rethinking their extended area approach, changing from leasing to ownership where feasible.”
” For lots of SMEs, owning their area is no longer just an operational decision, but also a balance sheet technique,” says Chu.
Situated at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the project is throughout walking range of Potong Pasir MRT Station on the North-East Line. It is slated for completion in 2030.
He includes that freehold industrial developments remain especially appealing amid limited supply. “Such possessions are engaging offered their deficiency and capacity to protect worth over time.”
Production units were sold at between $1,400 and $1,900 psf, with most negotiating at approximately $1,500 to $1,600 psf. In absolute terms, the typical cost of units offered varied from $2.5 million to $2.6 million.
It isn’t simply residence projects observing vigorous sales. At CT Gold, a property, strata-titled industrial property development in the MacPherson industrial estate, all 63 manufacturing units and three canteens were bought throughout two days of launch, with the plan fully sold out as at May 1.
The 63 manufacturing units are spread across eight levels, with sizes extending from 1,615 to 1,959 sq ft. Sales bookings began on April 30, with priority given to bulk purchasers acquiring five to 10 units.
The solid 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 3 canteens were offered quickly after the March 2025 launch, indicates Kelvin Fong.
The take-up was steered largely by bulk buyers buying numerous units.
The 3 canteen units on the first level, varying from 1,863 to 2,293 sq ft, were additionally occupied by different customers.
” Whilst multiple-unit purchases were dominant at CT Pemimpin, activity was also stronger at CT Gold, where all of the units were obtained by these buyers,” says Low, that attributes the faster take-up to its “more main place”.
CT Gold was previewed from April 15 to 29, drawing strong attraction throughout the two-week period due to its area in the established MacPherson city-fringe industrial area, states Ken Low, regulating associate of SRI, among the project’s shared promotion and marketing representatives.
” The majority of investors were end-users,” he adds.
