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Industrial Directory · Factory · District 23

The Elitist

30 sales from Dec 2021 to Aug 2026, at a median $569 psf (12 months to Oct 2026). 30 of 60 years left.

District 23 At a glance

Median psf, 12 months
$569
Sales since Dec 2021
30
Latest sale, Aug 2026
$571 psf
Lease left, 60-year title
30 years

19 of 20 sellers with a known purchase price sold for more than they paid; the median made 1.4% a year.

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Median psf by year Price trend

YearUnit salesMedian psf
2021(part year)2$509
20228$528
20237$537
20245$515
20254$553
2026(part year)4$570

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.

30 sales Every sale

DateTypeLevelSq ftPricePsfLease leftSaleSeller boughtProfitA year
20 Aug 2026Factory2893$510,000$57131ResaleJun 2023, $493k$17k1.1%
25 Jun 2026Factory8893$508,000$56931Resale–––
30 Jan 2026Factory4893$500,000$56031ResaleDec 2021, $455k$45k2.3%
14 Jan 2026Factory3883$530,000$60031ResaleFeb 2012, $415k$115k1.8%
21 Nov 2025Factory41,087$560,000$51531ResaleJul 2012, $495k$65k0.9%
3 Oct 2025Factory8915$505,000$55231Resale–––
9 Jun 2025Factory10904$500,000$55332Resale–––
25 Apr 2025Factory10893$500,000$56032ResaleMar 2015, $467k$33k0.7%
19 Dec 2024Factory13,078$1,375,000$44732ResaleMay 2021, $1.25M$125k2.7%
7 Aug 2024Factory2893$508,000$56933ResaleMay 2015, $475k$33k0.7%
21 Jun 2024Factory10893$500,000$56033ResaleApr 2022, $461k$39k3.8%
20 Jun 2024Factory10893$455,000$50933ResaleJun 2017, $455k––
20 Jun 2024Factory10883$455,000$51533ResaleAug 2018, $460k-$5k-0.2%
14 Sept 2023Factory51,087$530,000$48833ResaleMay 2012, $484k$46k0.8%
8 Sept 2023Factory51,033$568,000$55034ResaleJun 2012, $470k$98k1.7%
8 Jun 2023Factory2893$493,000$55234ResaleDec 2011, $441k$52k1.0%
29 May 2023Factory101,012$532,000$52634ResaleDec 2011, $466k$66k1.2%
10 Apr 2023Factory7893$510,000$57134ResaleMar 2019, $413k$97k5.3%
10 Apr 2023Factory3915$490,000$53634ResaleDec 2018, $490k––
11 Jan 2023Factory5893$480,000$53734ResaleApr 2012, $398k$82k1.8%
18 Nov 2022Factory8893$473,200$53034Resale–––
11 Oct 2022Factory7883$480,000$54434ResaleMar 2012, $362k$118k2.7%
7 Oct 2022Factory41,012$530,000$52434ResaleSept 2012, $468k$62k1.2%
26 Aug 2022Factory5893$485,000$54335Resale–––
5 Jul 2022Factory81,033$542,325$52535Resale–––
6 Jun 2022Factory8904$470,000$52035Resale–––
8 Apr 2022Factory10893$461,000$51635Resale–––
6 Jan 2022Factory9883$480,000$54435ResaleMar 2012, $415k$65k1.5%
29 Dec 2021Factory5915$465,000$50835ResaleApr 2012, $421k$44k1.0%
10 Dec 2021Factory4893$455,000$50935ResaleJun 2012, $388k$67k1.7%

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.

The Elitist Questions

How much does a unit at The Elitist cost?

30 unit sales at The Elitist from Dec 2021 to Aug 2026 went for $447 to $600 psf, a median $540 psf on units of 883 to 3,078 sq ft. The latest, in Aug 2026, was $510,000 for 893 sq ft ($571 psf).

Did sellers at The Elitist make money?

19 of 20 resales where the caveat shows the purchase price sold for more than the seller paid. The median seller made $64k, 1.4% a year, before stamp duty, GST, fees and the rent collected while they held it.

How much lease is left at The Elitist?

Most sales here are on a 60-year lease with about 30 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.