CT Gold sells out in two days as bulk buyers snap up units
CT Gold was previewed from April 15 to 29, luring strong attraction throughout the two-week span due to its area in the established MacPherson city-fringe industrial park, states Ken Low, managing partner of SRI, among the project’s joint promotion and marketing representatives.
” While multiple-unit purchases were dominant at CT Pemimpin, activity was even more powerful at CT Gold, where all units were obtained by these purchasers,” says Low, that connects the faster take-up to its “more central location”.
” Most of home buyers were end-users,” he adds.
It isn’t just housing plans observing brisk sales. At CT Gold, a property, strata-titled commercial development in the MacPherson industrial estate, all 63 manufacturing units and three canteens were bought throughout 2 days of launch, with the plan fully sold out as at May 1.
He adds that freehold commercial growths stay particularly appealing in the middle of minimal supply. “Such properties are engaging offered their scarcity and capability to protect value gradually.”
When sales opened up at 10am on May 1, the remaining units were promptly taken up by multiple-unit buyers, each obtaining two to four units, with all production units marketed within a few hours.
The 63 production units are spread across 8 levels, with dimensions stretching from 1,615 to 1,959 sq ft. Sales schedulings kicked off on April 30, with top priority provided to bulk buyers purchasing 5 to 10 units.
Production units were sold at in 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 rate of units offered ranged from $2.5 million to $2.6 million.
The 3 canteen units on the first level, ranging from 1,863 to 2,293 sq ft, were additionally occupied by separate customers.
” For numerous SMEs, having their space is no longer simply a functional decision, however additionally a balance sheet technique,” states Chu.
The take-up was driven largely by mass customers snapping up numerous units.
Developed by Chiu Teng Group– that has actually specialised in industrial and commercial work for the past 27 years– CT Gold is a redevelopment of the past MacPherson Industrial Facility, acquired en bloc for $103.888 million in May 2025.
Chu likewise underlines timing as a vital aspect. “CT Gold went into the marketplace at once when much more services are reconsidering their continued area strategy, moving from leasing to ownership where possible.”
The solid take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, an estate B1 strata-titled industrial advancement near Marymount MRT Station. All 56 units and 3 canteens were marketed shortly after the March 2025 release, indicates Kelvin Fong.
Situated at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the property development is within walking distance of Potong Pasir MRT Station on the North-East Line. It is slated for completion in 2030.
Marcus Chu, CEO of ERA Singapore, recognizes that demand for units at CT Gold came mainly from owner-occupiers, consisting of SMEs in fields such as light manufacturing, shopping, logistics and creative markets, which value proximity to the city and ease of access for both clients and workers.
