This is a freehold light industrial factory located along the main Paya Lebar road. With its excellent location between Macpherson and Tai Seng MRT station, workers or tenants at 178 Paya Lebar enjoy easy and quick access to public transport. Beside MRT, the site is also easily access via PIE or KPE expressway. This development has 7 storey and we are located on the highest floor with bird-eyes view from our window.
Being a freehold industrial property, business owner can save on rental and can potential hold the unit for long term growth potential. As new industrial property has either 30 years or 60 years lease, this freehold light industrial factory is definitely a good value for long term investment. Unlike residential property, there is no ABSD for industrial property and there is no restriction for foreigner owning such property in Singapore.
| Location | 178 Paya Lebar Road |
| Tenure | Freehold |
| Completion Date | 2004 |
| Floor Level | 07 Highest Floor |
| Nearest MRT | Tai Seng MRT at 950m MacPherson MRT at 1.1km |
| Price | S$1.87 mil negotiable |
| Status | Tenanted till 28 Feb 2025 |
| Remark | Modern B1 factory usage Freehold industrial property for long term investment Good location served with 2 MRTs Great connectivity with expressway to airport and city No ABSD for foreign buyer |
| Contact Us | +65-80632 958 |
Transaction
This property has appreciated in price even through the COVID period from 2019 to 2021. Its freehold status is one major reason why businesspeople and investors are interested in this property. With more and more 30 years and 60 years industrial property launching in the market, 178 Paya Lebar will stand to gain from this trend.
Floorplan
This is a rectangular layout with full length of window facing exterior with good natural lighting. It is well suited for use as office and logistic usage.
Location
