Industrial Directory · Factory · District 3
Tan Boon Liat Building
4 sales from Nov 2021 to May 2023, at a median $1,692 psf (Nov 2021 to May 2023). Freehold.
District 3 At a glance
- Median psf, all sales
- $1,692
- Sales since Nov 2021
- 4
- Latest sale, May 2023
- $2,323 psf
- Tenure
- Freehold
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Median psf by year Price trend
| Year | Unit sales | Median psf |
|---|---|---|
| 2021(part year) | 1 | $1,604 |
| 2022 | 2 | $1,692 |
| 2023 | 1 | $2,323 |
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.
4 sales Every sale
| Date | Type | Level | Sq ft | Price | Psf | Lease left | Sale | Seller bought | Profit | A year |
|---|---|---|---|---|---|---|---|---|---|---|
| 19 May 2023 | Factory | 1 | 1,593 | $3,700,000 | $2,323 | Freehold | Resale | – | – | – |
| 18 Oct 2022 | Factory | 1 | 4,446 | $7,700,000 | $1,732 | Freehold | Resale | – | – | – |
| 10 Jan 2022 | Factory | 4 | 1,604 | $2,650,000 | $1,652 | Freehold | Resale | – | – | – |
| 11 Nov 2021 | Factory | 6 | 4,176 | $6,700,000 | $1,604 | Freehold | Resale | – | – | – |
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.
Tan Boon Liat Building Questions
How much does a unit at Tan Boon Liat Building cost?
4 unit sales at Tan Boon Liat Building from Nov 2021 to May 2023 went for $1,604 to $2,323 psf, a median $1,692 psf on units of 1,593 to 4,446 sq ft. The latest, in May 2023, was $3,700,000 for 1,593 sq ft ($2,323 psf).
How much lease is left at Tan Boon Liat 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 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