Mandai food plant land for sale at $90 million

The freehold site to build a food processing plant located at 2C Mandai Estate is up to tender for sale with an estimate price of $90 million.

Set on a corner plot situated on a corner plot site covers an area of 50,630 square feet and is among the very few freehold sites available for auction located in Mandai. Mandai Industrial Estate Food Zone according to the marketing agency Cushman & Wakefield. The property is classified as Business 2 with a gross plot ratio of 2.5 and could yield a potential floor area of 126.575 sq ft.

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The price of the property’s indicative amounts to the land price of $738 per square foot for the plot ratio, which includes improvements to the land that are that are estimated to be $3.4 million. The site is also just only a only a few minutes’ drive from the Woodlands Checkpoint, reducing the duration required to bring the necessary resources and logistical support from Malaysia.

The senior director for capital markets of Cushman & Wakefield Christina Sim states that the demand for food processing facilities that offer essential facilities is “robust and growing rapidly”.

She says: “We envisage that the property is likely to garner significant interest from small and mid-sized developers and consumers in the food manufacturing industry who are looking to establish the headquarters of their business within Singapore.”

This tender to purchase the site will close on October 10 at 3pm.