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Industrial Directory · Factory · District 23

Skytech

2 sales from Nov 2022 to Jun 2023, at a median $116 psf (Nov 2022 to Jun 2023). 4 of 30 years left.

District 23 At a glance

Median psf, all sales
$116
Sales since Nov 2022
2
Latest sale, Jun 2023
$64 psf
Lease left, 30-year title
4 years

0 of 1 sellers with a known purchase price sold for more than they paid; the median made -6.9% a year.

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Median psf by year Price trend

YearUnit salesMedian psf
20221$167
20231$64

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
13 Jun 2023Factory71,572$100,000$648Resale–––
8 Nov 2022Factory94,790$800,000$1678ResaleDec 2014, $1.4M-$600k-6.9%

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.

Skytech Questions

How much does a unit at Skytech cost?

2 unit sales at Skytech from Nov 2022 to Jun 2023 went for $64 to $167 psf, a median $116 psf on units of 1,572 to 4,790 sq ft. The latest, in Jun 2023, was $100,000 for 1,572 sq ft ($64 psf).

Did sellers at Skytech make money?

0 of 1 resale where the caveat shows the purchase price sold for more than the seller paid. The median seller lost $600k, -6.9% a year, before stamp duty, GST, fees and the rent collected while they held it.

How much lease is left at Skytech?

Most sales here are on a 30-year lease with about 4 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 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

All 291 buildings