CT Gold sells out in two days as bulk buyers snap up units
CT Gold was previewed from April 15 to 29, attracting solid interest throughout the two-week duration due to its place in the developed MacPherson city-fringe enterprise zone, explains Ken Low, handling partner of SRI, among the venture’s mutual promotion and marketing agents.
The 63 manufacturing units are spread out throughout 8 floors, with sizes varying from 1,615 to 1,959 sq ft. Sales reservations started on April 30, with priority provided to quantity customers acquiring 5 to 10 units.
Established by Chiu Teng Group– which has actually specialised in industrial and commercial projects for the past 27 years– CT Gold is a redevelopment of the past MacPherson Industrial Complex, got en bloc for $103.888 million in May 2025.
Chu additionally indicates timing as a key aspect. “CT Gold entered the marketplace at a time when extra businesses are reconsidering their continued area strategy, shifting from renting out to ownership where feasible.”
The take-up was steered largely by mass buyers purchasing multiple units.
Manufacturing units were sold at between $1,400 and $1,900 psf, with a lot of transacting at approximately $1,500 to $1,600 psf. In absolute terms, the average cost of units sold ranged from $2.5 million to $2.6 million.
It isn’t just residential plans seeing brisk purchases. At CT Gold, a property, strata-titled commercial development in the MacPherson industrial estate, all 63 production units and three canteens were purchased within 2 days of launch, with the project completely sold out as at May 1.
The solid take-up adheres to the launch of Chiu Teng Group’s earlier project, CT Pemimpin, an estate B1 strata-titled industrial growth near Marymount MRT Terminal. All 56 units and 3 canteens were marketed soon after the March 2025 launch, indicates Kelvin Fong.
Marcus Chu, Chief Executive Officer of ERA Singapore, observes that demand for units at CT Gold came primarily from owner-occupiers, including SMEs in industries such as light production, shopping, logistics and artistic industries, which value closeness to the city and ease of access for both clients and workers.
The 3 canteen units on the first level, varying from 1,863 to 2,293 sq ft, were also taken up by separate purchasers.
He adds that property commercial developments continue to be especially eye-catching in the middle of restricted supply. “Such possessions are engaging provided their deficiency and ability to preserve value with time.”
” While multiple-unit purchases were dominant at CT Pemimpin, activity was also more powerful at CT Gold, where all of the units were gotten by these buyers,” states Low, who attributes the quicker take-up to its “more central area”.
” For lots of SMEs, owning their space is no longer just an operational choice, but likewise a balance sheet approach,” claims Chu.
When sales opened up at 10am on May 1, the remaining units were quickly taken up by multiple-unit investors, each getting two to four units, with all production units offered within a couple of hours.
” Most of consumers were end-users,” he includes.
Located at 5 Lorong Bakar Batu, off MacPherson Road in District 13, the development is inside walking range of Potong Pasir MRT Station on the North-East Line. It is slated for finalization in 2030.
