Industrial Directory · Factory · Warehouse · District 23
Lam Soon Industrial Building
22 sales from Nov 2021 to Aug 2026, at a median $836 psf (12 months to Oct 2026). Freehold.
District 23 At a glance
- Median psf, 12 months
- $836
- Sales since Nov 2021
- 22
- Latest sale, Aug 2026
- $846 psf
- Tenure
- Freehold
11 of 11 sellers with a known purchase price sold for more than they paid; the median made 5.4% a year.
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Median psf by year Price trend
| Year | Unit sales | Median psf |
|---|---|---|
| 2021(part year) | 2 | $688 |
| 2022 | 2 | $761 |
| 2023 | 3 | $728 |
| 2024 | 6 | $794 |
| 2025 | 4 | $831 |
| 2026(part year) | 4 | $836 |
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.
22 sales Every sale
| Date | Type | Level | Sq ft | Price | Psf | Lease left | Sale | Seller bought | Profit | A year |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 Aug 2026 | Factory | 8 | 3,369 | $2,850,000 | $846 | Freehold | Resale | – | – | – |
| 6 Jul 2026 | Factory | 9 | 2,325 | $2,064,600 | $888 | Freehold | Resale | Jun 2018, $1.35M | $716k | 5.4% |
| 5 Jun 2026 | Factory | 10 | 3,369 | $2,760,000 | $819 | Freehold | Resale | – | – | – |
| 19 Mar 2026 | Factory | 2 | 1,927 | $1,590,000 | $825 | Freehold | Resale | Feb 2021, $1.13M | $457k | 6.9% |
| 2 Sept 2025 | Factory | 8 | 2,788 | $2,290,000 | $821 | Freehold | Resale | Dec 1996, $1.37M | $924k | 1.8% |
| 2 Jul 2025 | Factory | Several units | 4,112 | $3,118,000 | $758 | Freehold | Resale | – | – | – |
| 28 May 2025 | Factory | 10 | 1,410 | $1,280,000 | $908 | Freehold | Resale | Apr 2021, $987k | $293k | 6.5% |
| 7 Mar 2025 | Factory | 8 | 2,336 | $1,962,240 | $840 | Freehold | Resale | Dec 2018, $1.35M | $612k | 6.2% |
| 26 Feb 2025 | Factory | 3 | 3,326 | $2,700,000 | $812 | Freehold | Resale | – | – | – |
| 1 Oct 2024 | Factory | 3 | 2,530 | $2,200,000 | $870 | Freehold | Resale | – | – | – |
| 18 Sept 2024 | Factory | 10 | 2,325 | $1,855,000 | $798 | Freehold | Resale | – | – | – |
| 27 Jun 2024 | Factory | 3 | 2,013 | $1,741,000 | $865 | Freehold | Resale | – | – | – |
| 7 Jun 2024 | Factory | 10 | 2,788 | $2,200,000 | $789 | Freehold | Resale | – | – | – |
| 23 Apr 2024 | Factory | 2 | 2,034 | $1,580,000 | $777 | Freehold | Resale | Feb 2021, $1.21M | $370k | 8.7% |
| 9 Apr 2024 | Factory | 10 | 6,114 | $4,638,000 | $759 | Freehold | Resale | Jul 2000, $1.74M | $2.9M | 4.2% |
| 7 Sept 2023 | Factory | 10 | 2,788 | $2,280,000 | $818 | Freehold | Resale | Jul 2021, $2.05M | $230k | 5.2% |
| 6 Jul 2023 | Factory | 3 | 3,132 | $2,280,000 | $728 | Freehold | Resale | Jun 2020, $1.96M | $320k | 5.1% |
| 11 May 2023 | Factory | 8 | 6,114 | $4,206,397 | $688 | Freehold | Resale | – | – | – |
| 8 Jun 2022 | Warehouse | 3 | 4,123 | $3,080,000 | $747 | Freehold | Resale | – | – | – |
| 4 Apr 2022 | Factory | 9 | 1,658 | $1,285,000 | $775 | Freehold | Resale | May 2013, $1.06M | $227k | 2.2% |
| 3 Dec 2021 | Factory | 3 | 3,875 | $2,666,027 | $688 | Freehold | Resale | – | – | – |
| 22 Nov 2021 | Factory | 3 | 3,875 | $2,666,027 | $688 | Freehold | Resale | Nov 1999, $698k | $1.97M | 6.3% |
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.
Lam Soon Industrial Building Questions
How much does a unit at Lam Soon Industrial Building cost?
21 unit sales at Lam Soon Industrial Building from Nov 2021 to Aug 2026 went for $688 to $908 psf, a median $812 psf on units of 1,410 to 6,114 sq ft. The latest, in Aug 2026, was $2,850,000 for 3,369 sq ft ($846 psf).
Did sellers at Lam Soon Industrial Building make money?
11 of 11 resales where the caveat shows the purchase price sold for more than the seller paid. The median seller made $457k, 5.4% a year, before stamp duty, GST, fees and the rent collected while they held it.
How much lease is left at Lam Soon 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 and warehouse units in District 23 (Outside 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 23 Nearby buildings
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- WCEGA Tower$545 psf
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- Midview Building$426 psf
- The Elitist$569 psf
- Enterprise Centre$268 psf
- The Splendour$364 psf
- Prestige Centre$483 psf