CT Gold sells out in two days as bulk buyers snap up units
Manufacturing units were cost between $1,400 and $1,900 psf, with most negotiating at an average of $1,500 to $1,600 psf. In outright terms, the average price of units sold ranged from $2.5 million to $2.6 million.
CT Gold was previewed from April 15 to 29, drawing strong attraction throughout the two-week duration thanks to its area in the developed MacPherson city-fringe industrial area, states Ken Low, handling associate of SRI, one of the project’s mutual promotion and marketing brokers.
” While multiple-unit purchases 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, that associates the quicker take-up to its “more central area”.
When sales opened at 10am on May 1, the remaining units were rapidly taken on by multiple-unit investors, each getting two to 4 units, with all production units sold within a few hours.
” For several SMEs, owning their room is no more simply a functional decision, however also a balance sheet approach,” says Chu.
Marcus Chu, Chief Executive Officer of ERA Singapore, recognizes that demand for units at CT Gold came mostly from owner-occupiers, consisting of SMEs in fields such as light production, ecommerce, logistics and artistic industries, which worth closeness to the city and ease of access for both customers and staff members.
The 3 canteen units on the first level, varying from 1,863 to 2,293 sq ft, were also consumed by separate customers.
He adds that property industrial growths continue to be particularly eye-catching amid minimal supply. “Such properties are engaging given their shortage and ability to maintain value with time.”
The take-up was driven largely by bulk purchasers snapping up numerous units.
” Most of consumers were end-users,” he adds.
Found at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the project is inside walking distance of Potong Pasir MRT Station on the North-East Line. It is slated for wrap-up in 2030.
It isn’t simply residential plans seeing vigorous purchases. At CT Gold, a property, strata-titled commercial property development in the MacPherson industrial estate, all 63 manufacturing units and 3 canteens were grabbed within 2 days of launch, with the plan fully sold out as at May 1.
The 63 production units are spread across eight grounds, with dimensions ranging from 1,615 to 1,959 sq ft. Sales reservations started on April 30, with top priority offered to mass buyers buying five to 10 units.
Chu likewise indicates timing as a key factor. “CT Gold got in the market at a time when extra companies are reconsidering their extended space approach, moving from renting out to possession where possible.”
The strong take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, a freehold B1 strata-titled industrial growth near Marymount MRT Terminal. All 56 units and 3 canteens were offered quickly after the March 2025 launch, notes Kelvin Fong.
Established by Chiu Teng Group– that has actually been experts in industrial and business projects for the last 27 years– CT Gold is a redevelopment of the previous MacPherson Industrial Complex, got en bloc for $103.888 million in May 2025.
