It’s not often that you run across industrial properties offering a combination of easy accessibility, spaces which are both flexible and modular, in addition to an appealing pricing threshold which produces possession within reach for both business owners and retail investors.
Produced by Chiu Teng Group, units in the 10-storey B2 food industrial growth includes a 64-year rental and therefore are priced from an affordable $6XX psf. Purpose-built for its F&B industry, the evolution offers 98 units crossing between 1,700 and 3,500 sq feet and can be conveniently located in the center of the adult Pandan Food Zone at the West Region.
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With this, comes with an easily-accessible transportation network which includes proximity to Jurong East MRT station and also the future Pandan Reservoir MRT station. For people who drive, the evolution can be found near the West Coast Highway and Ayer Rajah Expressway (AYE), which provides convenient access throughout the island.
Specially designed to cater to the requirements of these in modern food production, packaging, processing in addition to commercial fundamental kitchen operations, the advancement has a ton of amenities which will guarantee an efficient, effective and easy functionality for businesses.
CT FoodChain provides four distinct types of unit configurations to accommodate to various requirements. They are:
The expansive mezzanine
All these are ground-floor units crossing between 3,186 sq feet and 3,531 sq ft. They can be equipped with both a mezzanine and a 6.825m floor-to-floor height.
The best mezzanine
Those seeking more flexibility concerning layout configuration may think this particular unit type. Boasting spacious mezzanine layouts and open spaces (about 3,477 sq feet ), these components are fantastic for business proprietors that operate big scale kitchen operations and are wanting to integrate automation and technology in their processes.
The Timeless module
These units length roughly 1,765 sq ft. They provide all of the essentials of a F&B industrial area and may be configured to match certain requirements.
This is great for modern distribution centers like a central kitchen, because they typically demand higher ceilings to accommodate to get larger-scale equipment.
All units provide individual exhausts and waste chutes and sampling sump to ease contamination sampling tests; all components are pre-fitted using LPG gas pipes; you will find different lifts for cooked and raw meals to stop cross-contamination; and unloading and loading bay which can adapt 20-foot container trucks.
Plausible investment choice to both business owners and owners
In reaction to this, some retail investors searching for other property types are observed to be deflecting their focus to industrial properties, because they aren’t subjected to the most recent form of sales or purchase restrictions or encumbrances like ABSD.
From the near-term, general industrial funding values are expected to stay stable before picking due to more rigorous rents, according to a study by Colliers global. That can be compared to average rental yield of only above slightly 3 percent for residential properties.
Why it is a Fantastic time to spend in food flats today
Requirement for central kitchens is becoming increasingly robust, especially in an age where F&B operators have been regarded to be discriminated towards setting up central kitchens to take care of the total labour crunch, and to minimize food prep areas.
Popular food delivery providers in Singapore for example Foodpanda and Deliveroo also have jumped onto the kitchen bandwagon to better match the needs of the clients, making spaces like CT FoodChain an appealing buy, because of the rarity of these job types and the rising requirement for them.
There are currently only four to five of these assets on the marketplace today — making the likes of CT FoodChain much highly sought after. As compared to its popularity — that the growth was initially introduced on 4 July 2019, and has already sold over half of its available components, together with 47 from 98 available units sold at 27 August 2019.
Moving ahead, demand for fundamental flats in industrial properties are expected to be spurred by the increasing popularity of meals delivery solutions and e-commerce, the demand for F&B operators to streamline their retail spaces, in addition to the government’s drive for increased productivity and innovation at Singapore’s food industry.