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MACTAGGART BUILDING

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Project Information

Project Name

MACTAGGART BUILDING

Street Name

Mactaggart Road

Property Type

Factory (All Types)

Tenure

Freehold

District / Planning Area

D13 / Toa Payoh

Completion

Unknown

Indicative price range / Average*

Factory (All Types): -

Indicative rental range / Average#

Factory (All Types): S$ 1.70 - S$ 1.80 psf pm / S$ 1.70 psf pm

Implied rental yield

Factory (All Types): -

Historical high

Factory (All Types): S$ 656 psf in Nov 1996 for a 2,347-sqft unit

Indicative average price from historical high

Factory (All Types): -

Historical low

Factory (All Types): S$ 163 psf in Nov 2006 for a 6,146-sqft unit

Note: *Based on transactions in the last 6 months. #Based on the street rental data in the last 6 months, may not be representative.

Location

Sales

Transactions in the past 6 months (up to 15 most recent)
See Appendix for the full history

Source: URA, https://www.squarefoot.com.sg

There are no recent transactions


Asking Prices

Note: Ranked by days in market.
Source: Public listings
  Listed Days in
market
Property
Type
Unit area
(sqft)
Asking Price
(S$)
Asking Price
(S$ psf)
Agent
Name
Agent
Mobile
  15 Jan 2019 216 Light Industrial 2,438 1,780,000 730 Alice Cai 96307628
  1 Dec 2018 261 Light Industrial 25,000 35,000,000 1,400 Alice Cai 96307628
  22 Jun 2018 423 Light Industrial 37,271 13,000,000 349 Wallace Yeo 91281234
  21 Nov 2017 636 Factory 2,346 1,800,000 767 Allisa Quek 97906621

Historical Transaction Prices (See in Tower View)

Source: URA, https://www.squarefoot.com.sg

Historical Monthly Price Range

Source: URA, https://www.squarefoot.com.sg

Profitable Transactions
Total 4

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, https://www.squarefoot.com.sg
Sold
on
Address Unit area
(sqft)
Sale price
(S$ psf)
Bought
on
Purchase price
(S$ psf)
Profit
(S$)
Holding period
(days)
Annualised
(%)
7 Feb 2019 42 Mactaggart Road #06-02 3,477 523 5 May 2010 230 1,020,000 3,200 9.8
31 Jan 2019 42 Mactaggart Road #02-02 3,714 550 25 Jan 2007 185 1,356,620 4,389 9.5
6 Mar 2018 42 Mactaggart Road #04-02 3,800 592 5 Apr 2000 346 935,000 6,544 3.0
20 Jun 2013 42 Mactaggart Road #06-01 2,303 586 18 Oct 2001 356 530,000 4,263 4.4

Unprofitable Transactions
Total 3

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, https://www.squarefoot.com.sg
Sold
on
Address Unit area
(sqft)
Sale price
(S$ psf)
Bought
on
Purchase price
(S$ psf)
Profit
(S$)
Holding period
(days)
Annualised
(%)
6 Jan 2017 42 Mactaggart Road #06-01 2,303 577 20 Jun 2013 586 -20,000 1,296 -0.4
6 Nov 2015 42 MACTAGGART ROAD #05-02 3,800 474 16 May 1997 550 -290,000 6,748 -0.8
6 Sep 2013 42 Mactaggart Road #04-01 2,347 594 14 Nov 1996 656 -145,000 6,140 -0.6

Rental

Asking Rents

Note: Ranked by days in market.
Source: Public listings
  Listed Days in
market
Property
Type
Unit area
(sqft)
Asking Price
(S$)
Asking Price
(S$ psf pm)
Agent
Name
Agent
Mobile
  27 Apr 2019 114 Light Industrial 260 800 3.1 Agnes Cai 90054642
  19 Apr 2019 122 Light Industrial 270 800 3.0 Tricia Yeow 93886968
  24 Mar 2019 148 Light Industrial 1,050 2,500 2.4 Alice Cai 96307628
  7 Dec 2018 255 Light Industrial 1,080 2,800 2.6 Agnes Cai 90054642
  21 Nov 2017 636 Factory 2,346 4,000 1.7 Allisa Quek 97906621

Historical rental along MACTAGGART ROAD

Source: URA, https://www.squarefoot.com.sg

Month Type Lowest Rental
(S$ psf pm)
Rental 25th
(S$ psf pm)
Median Rental
(S$ psf pm)
Rental 75th
(S$ psf pm)
Highest Rental
(S$ psf pm)
Contracts
Jun 2019 Factory (All Types) 0.00 1.70 1.70 1.80 0.00 5
May 2019 Factory (All Types) 0.00 1.77 1.81 1.83 0.00 3
Apr 2019 Factory (All Types) 0.00 1.69 2.10 2.54 0.00 4
Jan 2019 Factory (All Types) 0.00 1.70 1.75 1.98 0.00 7
Nov 2018 Factory (All Types) 0.00 1.64 1.70 1.80 0.00 4
Jun 2018 Factory (All Types) 1.96 1.96 1.96 1.96 1.96 1
May 2018 Factory (All Types) 1.70 1.72 1.75 1.90 2.05 3
Apr 2018 Factory (All Types) 1.65 1.75 1.85 2.36 2.87 3
Mar 2018 Factory (All Types) 2.00 2.13 2.25 2.38 2.51 2
Feb 2018 Factory (All Types) 1.75 1.75 1.75 1.75 1.75 1
Jan 2018 Factory (All Types) 1.70 1.70 1.70 1.70 1.70 1
Dec 2017 Factory (All Types) 2.51 2.51 2.51 2.51 2.51 1
Nov 2017 Factory (All Types) 1.90 1.90 1.90 2.27 2.65 3
Oct 2017 Factory (All Types) 1.70 1.77 1.85 1.96 2.15 4
Sep 2017 Factory (All Types) 3.53 3.53 3.53 3.53 3.53 1
Aug 2017 Factory (All Types) 1.60 1.60 1.60 1.60 1.60 1
Jul 2017 Factory (All Types) 1.65 1.65 1.65 1.65 1.65 1
Jun 2017 Factory (All Types) 1.70 1.70 1.70 1.74 1.85 4
Mar 2017 Factory (All Types) 2.72 2.72 2.72 2.72 2.72 1
Jan 2017 Factory (All Types) 1.80 1.82 1.83 1.97 2.10 3
Nov 2016 Factory (All Types) 1.79 1.79 1.79 1.79 1.79 1
Aug 2016 Factory (All Types) 1.68 1.79 1.83 1.94 2.21 4
Jun 2016 Factory (All Types) 1.75 1.75 1.75 1.75 1.75 1
May 2016 Factory (All Types) 1.95 1.98 2.00 2.03 2.05 2

Nearby properties

Price and rental comparisons (Up to 50)

Note: Excludes properties with no transactions in the past 6 months. *Prices and rents are based on data in the past 6 months. Rents are based on street names and may not be representative of the subject property.
Source: https://www.squarefoot.com.sg
Marker Project Type Tenure Distance
(m)
Lowest
price*
(S$ psf)
Average
price*
(S$ psf)
Highest
price*
(S$ psf)
Rental
25th*
(S$ psf pm)
Median
Rental*
(S$ psf pm)
Rental
75th*
(S$ psf pm)
Rental yield
(%)
LHK 2 Factory Freehold 274 835 835 835 1.75 1.79 1.90 2.6
CHING SHINE INDUSTRIAL BUILDING Factory Freehold 191 577 577 577 1.50 1.87 2.31 3.9
GOLD PINE INDUSTRIAL BUILDING Factory Freehold 323 530 556 570 1.41 1.66 1.94 3.6
JOO SENG WAREHOUSE Warehouse Freehold 353 600 624 660 1.59 1.82 1.84 3.5
KAPO FACTORY BUILDING Factory Freehold 305 728 756 812 1.75 1.79 1.90 2.8
TRIVEX Factory 60 Yrs FROM 2008 145 633 668 706 2.50 2.58 3.03 4.6
NOVELTY BIZCENTRE Warehouse Freehold 138 1,061 1,061 1,061 - - - -

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

Status Street Name Location Land attributes Estimated Breakeven

Sold on 15 Mar 2011

Ubi Road 1 / Ubi Avenue 4 (Now known as Oxley Bizhub 2)

Site use Industrial B1
Tenure 60
Site area (sqm) 12,378.0
Site GFA (sqm) 30,945.0
Highest bid ($m) 72.2
Highest bid ($psf) 216.8
Number of bids 6
Land ($m) 72.2
Construction ($m) 50
Land Financing ($m) 5.1
Professional / Legal / Taxes ($m) 10.3
Marketing / Others ($m) 1.7
Est. Total Cost ($m) 139.2
Est. Breakeven ($psf ppr) 418

Sold on 28 Jun 2011

Irving Place (Now known as The Commerze@Irving)

Site use Industrial B1
Tenure 60
Site area (sqm) 3,353.0
Site GFA (sqm) 11,735.5
Highest bid ($m) 43.4
Highest bid ($psf) 343.5
Number of bids 15
Land ($m) 43.4
Construction ($m) 18.9
Land Financing ($m) 3
Professional / Legal / Taxes ($m) 4.9
Marketing / Others ($m) 0.8
Est. Total Cost ($m) 71.1
Est. Breakeven ($psf ppr) 563

Sold on 13 Jul 2012

Tai Seng Link

Site use Industrial B2
Tenure 30
Site area (sqm) 4,336.0
Site GFA (sqm) 10,840.0
Highest bid ($m) 23.3
Highest bid ($psf) 199.7
Number of bids 4
Land ($m) 23.3
Construction ($m) 17.5
Land Financing ($m) 1.6
Professional / Legal / Taxes ($m) 3.5
Marketing / Others ($m) 0.6
Est. Total Cost ($m) 46.5
Est. Breakeven ($psf ppr) 398

Sold on 11 Mar 2013

Ubi Avenue 4

Site use Industrial B1
Tenure 30
Site area (sqm) 3,503.5
Site GFA (sqm) 8,758.8
Highest bid ($m) 16.2
Highest bid ($psf) 172.0
Number of bids 10
Land ($m) 16.2
Construction ($m) 14.1
Land Financing ($m) 1.1
Professional / Legal / Taxes ($m) 2.7
Marketing / Others ($m) 0.4
Est. Total Cost ($m) 34.6
Est. Breakeven ($psf ppr) 367

Sold on 20 Dec 2013

Tai Seng Street

Site use Industrial B2
Tenure 30
Site area (sqm) 11,780.0
Site GFA (sqm) 41,230.0
Highest bid ($m) 120.1
Highest bid ($psf) 270.6
Number of bids 7
Land ($m) 120.1
Construction ($m) 66.6
Land Financing ($m) 8.4
Professional / Legal / Taxes ($m) 15.2
Marketing / Others ($m) 2.5
Est. Total Cost ($m) 212.8
Est. Breakeven ($psf ppr) 479

Appendix: All past transactions

Historical Transactions

Source: URA, https://www.squarefoot.com.sg

Contract
Date
Address Property
Type
Type of
sale
Unit area
(sqft)
Type of
area
Price
(S$ psf)
Price
(S$)
7 Feb 2019 42 Mactaggart Road #06-02 Factory (All Types) Resale 3,477 Strata 523 1,820,000
31 Jan 2019 42 Mactaggart Road #02-02 Factory (All Types) Resale 3,714 Strata 550 2,042,700
6 Mar 2018 42 Mactaggart Road #04-02 Factory (All Types) Resale 3,800 Strata 592 2,250,000
6 Jan 2017 42 Mactaggart Road #06-01 Factory (All Types) Resale 2,303 Strata 577 1,330,000
6 Nov 2015 42 MACTAGGART ROAD #05-02 Factory (All Types) Resale 3,800 Strata 474 1,800,000
6 Sep 2013 42 Mactaggart Road #04-01 Factory (All Types) Resale 2,347 Strata 594 1,395,000
20 Jun 2013 42 Mactaggart Road #06-01 Factory (All Types) Resale 2,303 Strata 586 1,350,000
5 May 2010 42 Mactaggart Road #06-02 Factory (All Types) Resale 3,477 Strata 230 800,000
25 Jan 2007 42 Mactaggart Road #02-02 Factory (All Types) Resale 3,714 Strata 185 686,080
25 Jan 2007 42 Mactaggart Road #02-01 Factory (All Types) Resale 2,347 Strata 185 433,920
10 Nov 2006 42 MACTAGGART ROAD #07-01 Factory (All Types) Resale 6,146 Strata 163 1,000,000
22 Jan 2003 42 Mactaggart Road #05-01 Factory (All Types) Resale 2,347 Strata 211 495,000
18 Oct 2001 42 Mactaggart Road #06-01 Factory (All Types) Resale 2,303 Strata 356 820,000
25 Aug 2000 42 Mactaggart Road #03-01/02 Factory (All Types) Resale 6,060 Strata 371 2,250,000
5 Apr 2000 42 Mactaggart Road #04-02 Factory (All Types) Resale 3,800 Strata 346 1,315,000
16 May 1997 42 MACTAGGART ROAD #05-02 Factory (All Types) Resale 3,800 Strata 550 2,090,000
14 Nov 1996 42 Mactaggart Road #04-01 Factory (All Types) Resale 2,347 Strata 656 1,540,000

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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