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An opportunity has opened up for interested buyers to acquire OC@Pasir Panjang, a freehold industrial property located at 100H Pasir Panjang Road. The property is available for sale through an expression of interest (EOI) exercise with a guide price of $96 million. It sits on a land area of 31,977 sq ft and is zoned for Business 1 or light industrial use.

In short, Miltonia Close EC caters to families who prioritize education. The community boasts top-notch primary and secondary schools, as well as junior colleges and preschools, making it an ideal location for a child’s educational journey. Moreover, the neighbourhood offers enrichment centres and opportunities for nature-based learning, ensuring a well-rounded education for students of all ages. With the promise of future educational development in the area, Miltonia Close EC creates a nurturing environment that enhances the overall quality of life for families. Additionally, this strong educational network also adds to the long-term appeal and investment value of the development.

The entire property spans across an impressive 81,710 sq ft and boasts features such as floor-to-floor heights of 5m to 6m, a car park, and green common areas. A map displaying the property’s location can be found on EdgeProp LandLens.

According to Cushman & Wakefield, the property currently has an occupancy rate of 97%. “100H Pasir Panjang is a highly desirable investment opportunity, offering a rare freehold tenure, prime location with great potential for growth, top-notch specifications, and steady rental income,” commented Shaun Poh, the executive director of capital markets at Cushman & Wakefield, who is managing the sale of the property.

OC@Pasir Panjang is conveniently connected to major arterial roads such as West Coast Highway and Ayer Rajah Expressway. It is also in close proximity to commercial and research hubs such as Mapletree Business City, Science Park 1 & 2, one-north, and the National University of Singapore. Poh adds that its strategic location near key innovation hubs and the upcoming Greater Southern Waterfront makes it an ideal long-term investment opportunity.

The EOI for OC@Pasir Panjang will close on Sept 9 at 3pm. Interested parties can refer to the past industrial rental and sale transactions, as well as listings for available industrial properties, to compare price trends. It is worth noting that commercial properties have a different price trend compared to industrial properties.