A freehold industrial building at 153 Kampong Ampat is out for collective sale, and here is the short version for busy readers.
- The deal: EdgeProp reports a guide price of $105 million, about $913 psf per plot ratio. The freehold site covers roughly 43,354 sq ft, holds a seven-storey building of about 114,969 sq ft of gross floor area, and is zoned Business 1 with a plot ratio of 2.5. Knight Frank Singapore is the agent and the tender closes at 10am on 23 October.
- The signal: Authorities have indicated support in principle for a possible workers' dormitory conversion. That is not an approval. It depends on a detailed proposal and regulatory sign-off, so treat it as a possibility only.
- The contrast: This is freehold land in the Tai Seng and MacPherson precinct, which is a very different holding from a leasehold factory unit in the west. Tenure changes how long you can hold and what you can plan for.
Why does this matter to a buyer looking at SKYE @ TUAS? Because it shows the choice clearly. SKYE is a 30-year leasehold B2 industrial development by Soon Hock Group on Tuas Link Close, with about 309 strata units across 9 storeys. It connects to Tuas Link MRT via a sheltered link bridge, and the estimated TOP is Q1 2027. A buyer there is choosing a unit-sized space rather than a whole freehold site.
A few extra points make the picture fuller. The tender is a collective sale, which means the outcome depends on the owners and on how bidders respond, not on the guide price alone. The reported dormitory idea is the most talked-about feature, yet it remains a possibility rather than a permission. And for anyone who is not bidding on land, the practical lesson is simply to confirm the lease term or freehold status of any industrial property before comparing prices.
Turning to the tender date, 23 October is close enough that the result will land within weeks, so there is little to gain from over-reading the launch headline in the meantime.
Verdict. The Kampong Ampat tender is a useful reminder to ask about tenure before anything else. It is a single sale with a result still pending, so it should not be read as a benchmark for any other property. If you want to compare a leasehold unit against your own requirements, drop us a line on the contact page and we will help you narrow it down.
General information only, not financial or legal advice.
Source: EdgeProp Singapore. This article is independent commentary; SKYE @ TUAS is not affiliated with the parties mentioned.