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Industrial Directory · Factory · District 13

Ching Shine Industrial Building

2 sales from Oct 2022 to May 2023, at a median $787 psf (Oct 2022 to May 2023). Freehold.

District 13 At a glance

Median psf, all sales
$787
Sales since Oct 2022
2
Latest sale, May 2023
$799 psf
Tenure
Freehold

1 of 1 sellers with a known purchase price sold for more than they paid; the median made 8.0% a year.

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Median psf by year Price trend

YearUnit salesMedian psf
20221$774
20231$799

A median moves with which units sold that year (floor, size, ramp-up or ground-floor units), and the lease shortens every year, so a small year can swing.

2 sales Every sale

DateTypeLevelSq ftPricePsfLease leftSaleSeller boughtProfitA year
16 May 2023Factory41,227$980,000$799FreeholdResale–––
14 Oct 2022Factory31,561$1,208,000$774FreeholdResaleSept 2019, $950k$258k8.0%

URA Realis caveats via Huttons, to 6 Oct 2026. Sq ft is the strata area. Lease left is in years at the date of sale. Profit is the sale price less the seller's purchase price, before stamp duty, GST and fees; “a year” is that gain as a yearly rate over the time held. Unit numbers are left out.

Ching Shine Industrial Building Questions

How much does a unit at Ching Shine Industrial Building cost?

2 unit sales at Ching Shine Industrial Building from Oct 2022 to May 2023 went for $774 to $799 psf, a median $787 psf on units of 1,227 to 1,561 sq ft. The latest, in May 2023, was $980,000 for 1,227 sq ft ($799 psf).

Did sellers at Ching Shine Industrial Building make money?

1 of 1 resale where the caveat shows the purchase price sold for more than the seller paid. The median seller made $258k, 8.0% a year, before stamp duty, GST, fees and the rent collected while they held it.

How much lease is left at Ching Shine Industrial Building?

Most sales here are on a freehold title, so the unit does not lose value as a lease runs down. The sales are factory units in District 13 (Rest of Central Region). Industrial units carry no Additional Buyer’s Stamp Duty, cannot be bought with CPF and must be used for an approved industrial activity.

Thinking of buying here to rent out? Check the yield and break-even in the Commercial Deal Check.