Industrial Directory · Factory · Warehouse · District 3
Kewalram House
5 sales from Oct 2021 to May 2023, at a median $429 psf (Oct 2021 to May 2023). 33 of 99 years left.
District 3 At a glance
- Median psf, all sales
- $429
- Sales since Oct 2021
- 5
- Latest sale, May 2023
- $396 psf
- Lease left, 99-year title
- 33 years
4 of 4 sellers with a known purchase price sold for more than they paid; the median made 5.3% a year.
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Median psf by year Price trend
| Year | Unit sales | Median psf |
|---|---|---|
| 2021(part year) | 1 | $407 |
| 2022 | 3 | $538 |
| 2023 | 1 | $396 |
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.
5 sales Every sale
| Date | Type | Level | Sq ft | Price | Psf | Lease left | Sale | Seller bought | Profit | A year |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 May 2023 | Factory | 2 | 4,295 | $1,700,000 | $396 | 37 | Resale | – | – | – |
| 29 Nov 2022 | Warehouse | 1 | 3,089 | $1,668,888 | $540 | 37 | Resale | Oct 2006, $514k | $1.16M | 7.6% |
| 29 Nov 2022 | Factory | 1 | 4,295 | $2,310,710 | $538 | 37 | Resale | Jan 2010, $1.2M | $1.11M | 5.2% |
| 5 Apr 2022 | Factory | 3 | 2,282 | $980,000 | $429 | 38 | Resale | Mar 2010, $520k | $460k | 5.4% |
| 22 Oct 2021 | Warehouse | 3 | 3,681 | $1,500,000 | $407 | 38 | Resale | Nov 1995, $1.47M | $28k | 0.1% |
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.
Kewalram House Questions
How much does a unit at Kewalram House cost?
5 unit sales at Kewalram House from Oct 2021 to May 2023 went for $396 to $540 psf, a median $429 psf on units of 2,282 to 4,295 sq ft. The latest, in May 2023, was $1,700,000 for 4,295 sq ft ($396 psf).
Did sellers at Kewalram House make money?
4 of 4 resales where the caveat shows the purchase price sold for more than the seller paid. The median seller made $784k, 5.3% a year, before stamp duty, GST, fees and the rent collected while they held it.
How much lease is left at Kewalram House?
Most sales here are on a 99-year lease with about 33 years left as at Oct 2026. Banks lend less, for shorter, as an industrial lease runs down, and the unit is worth less each year, so weigh the rent against the years left. The sales are factory and warehouse units in District 3 (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.
District 3 Nearby buildings
- E-Centre @ Redhill$699 psf
- One Commonwealth$316 psf
- Henderson Industrial Park$929 psf
- Apex @ Henderson$945 psf
- Cendex Centre$791 psf
- One@Redhill Centre$701 psf
- The Alexcier$330 psf
- Henderson Building$1,090 psf