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Industrial Directory · Factory · District 20

M38

19 sales from Feb 2023 to Jul 2026, at a median $1,221 psf (12 months to Oct 2026). Freehold.

District 20 At a glance

Median psf, 12 months
$1,221
Sales since Feb 2023
19
Latest sale, Jul 2026
$1,091 psf
Tenure
Freehold

19 of 19 sellers with a known purchase price sold for more than they paid; the median made 2.1% a year.

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Median psf by year Price trend

YearUnit salesMedian psf
20236$993
20245$1,086
20253$1,109
2026(part year)5$1,221

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.

19 sales Every sale

DateTypeLevelSq ftPricePsfLease leftSaleSeller boughtProfitA year
16 Jul 2026Factory82,228$2,430,000$1,091FreeholdResaleJun 2012, $1.96M$475k1.6%
21 May 2026Factory82,228$2,400,000$1,077FreeholdResaleMay 2023, $2.13M$266k4.0%
12 May 2026Factory62,906$3,550,000$1,221FreeholdResaleOct 2012, $2.45M$1.1M2.8%
12 May 2026Factory62,820$3,450,000$1,223FreeholdResaleOct 2012, $2.38M$1.07M2.8%
27 Jan 2026Factory12,842$4,100,000$1,443FreeholdResaleApr 2017, $2.05M$2.05M8.2%
25 Apr 2025Factory42,433$2,700,000$1,110FreeholdResaleAug 2012, $2.08M$624k2.1%
3 Apr 2025Factory31,830$1,800,000$984FreeholdResaleMay 2012, $1.55M$253k1.2%
25 Feb 2025Factory41,830$2,030,000$1,109FreeholdResaleAug 2012, $1.6M$434k1.9%
18 Jul 2024Factory61,658$1,800,000$1,086FreeholdResaleFeb 2021, $1.52M$280k5.0%
23 May 2024Factory81,668$1,850,000$1,109FreeholdResaleMay 2012, $1.46M$386k2.0%
10 May 2024Factory21,830$2,195,000$1,200FreeholdResaleApr 2021, $1.55M$645k11.9%
16 Apr 2024Factory41,916$1,860,000$971FreeholdResaleMay 2012, $1.63M$225k1.1%
29 Jan 2024Factory72,906$2,828,000$973FreeholdResaleJul 2014, $2.47M$358k1.4%
6 Dec 2023Factory72,217$1,950,000$879FreeholdResaleApr 2016, $1.55M$399k3.0%
6 Nov 2023Factory42,325$2,370,000$1,019FreeholdResaleOct 2012, $1.96M$408k1.7%
19 May 2023Factory82,228$2,133,888$958FreeholdResaleJun 2016, $1.65M$484k3.8%
16 May 2023Factory62,217$2,300,000$1,037FreeholdResaleMay 2012, $1.96M$340k1.5%
23 Feb 2023Factory31,916$1,850,000$966FreeholdResaleMay 2012, $1.58M$270k1.5%
6 Feb 2023Factory31,722$1,809,000$1,050FreeholdResaleMay 2012, $1.42M$389k2.3%

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.

M38 Questions

How much does a unit at M38 cost?

19 unit sales at M38 from Feb 2023 to Jul 2026 went for $879 to $1,443 psf, a median $1,077 psf on units of 1,658 to 2,906 sq ft. The latest, in Jul 2026, was $2,430,000 for 2,228 sq ft ($1,091 psf).

Did sellers at M38 make money?

19 of 19 resales where the caveat shows the purchase price sold for more than the seller paid. The median seller made $399k, 2.1% a year, before stamp duty, GST, fees and the rent collected while they held it.

How much lease is left at M38?

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 20 (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 20 Nearby buildings

All 291 buildings