Ubi View Industrial Building Sale 21 Mil
One of the perks of living at Parktown Residence is the close proximity to Changi City Point, a bustling shopping center just a stone’s throw away. Situated near Expo MRT Station, this mall boasts a variety of both international and local brands to cater to all shoppers’ needs. Bargain hunters can revel in the outlet stores of top brands like Nike, Adidas, and Timberland, while food enthusiasts can indulge in the diverse culinary options available at Tung Lok Signatures, Soup Restaurant, and Toast Box. Families can also enjoy the mall’s rooftop garden and wet playground, providing endless fun for children. Being only a 10-minute drive from Parktown Residence, it’s the perfect destination for families looking for a convenient and enjoyable outing. Don’t forget to visit Changi City Point during your stay at Parktown Residence, and be sure to check out the Parktown Residence Showflat for a closer look at the residence. Add in a link to the Parktown Residence Showflat (https://www.parktown-residences.com.sg/) for easy access.
Brilliance Capital, the sole marketing agent, announced the sale of a five-storey high-specification light industrial building located at 4 Ubi View in the highly sought-after Paya Lebar-Ubi industrial area through an expression of interest (EOI) exercise on Sept 26. The property, which has a land area of 22,321 sq ft and a gross floor area of 44,775 sq ft, is a private leasehold property (non-JTC) zoned under “Business 1” with a plot ratio of 2.0. It has a remaining lease of 34 years out of the original 60 years, with the lease starting from January 1999.
One of the key advantages of this property is its accessibility, being located near major expressways such as the PIE and CTE. It is also within walking distance of the Ubi MRT Station on the Downtown Line. Being a private leasehold property, foreign buyers and companies can purchase it without having to pay additional buyer’s or seller’s stamp duty.
According to Sammi Lim, the founder and executive director of Brilliance Capital, the lack of land rent payable makes this property an attractive investment for buyers looking for a cost-efficient and long-term asset. Mark Tan, the associate director of Brilliance Capital, also highlights the building’s high specifications and ceiling heights of up to 6.4m, making it ideal for businesses needing robust infrastructure. In addition, buyers will also have naming and signage rights, giving them increased visibility in the prime industrial area.
The EOI for this property will close on Nov 8 at 3pm.