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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

YearUnit salesMedian psf
2021(part year)1$407
20223$538
20231$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

DateTypeLevelSq ftPricePsfLease leftSaleSeller boughtProfitA year
3 May 2023Factory24,295$1,700,000$39637Resale–––
29 Nov 2022Warehouse13,089$1,668,888$54037ResaleOct 2006, $514k$1.16M7.6%
29 Nov 2022Factory14,295$2,310,710$53837ResaleJan 2010, $1.2M$1.11M5.2%
5 Apr 2022Factory32,282$980,000$42938ResaleMar 2010, $520k$460k5.4%
22 Oct 2021Warehouse33,681$1,500,000$40738ResaleNov 1995, $1.47M$28k0.1%

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.