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TAI KIM INDUSTRIAL ESTATE

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1. Unit Search  Usage: '20-07', '20-' for storey 20, '-07' for stack 07
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Project Information

Project Name

TAI KIM INDUSTRIAL ESTATE

Street Name

Kim Chuan Terrace

Property Type

Factory (All Types)

Tenure

Freehold

District / Planning Area

D19 / Hougang

Completion

Unknown

Indicative price range / Average*

Factory (All Types): -

Indicative rental range / Average#

Factory (All Types): -

Implied rental yield

Factory (All Types): -

Historical high

Factory (All Types): S$ 1,503 psf in Sep 2013 for a 8,116-sqft unit

Indicative average price from historical high

Factory (All Types): -

Historical low

Factory (All Types): S$ 166 psf in Sep 2007 for a 8,116-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
  19 Apr 2018 486 Factory 7,287 13,700,000 1,880 Kitson Chan 91063969

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 11

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
(%)
16 Jul 2016 23 Kim Chuan Terrace 6,017 1,480 6 Nov 2013 1,239 1,450,000 983 6.8
9 Sep 2014 43 Kim Chuan Drive 6,017 1,463 22 Mar 2005 229 7,420,000 3,458 21.6
13 Dec 2013 14 Kim Chuan Terrace 6,071 1,332 8 Nov 2012 1,129 1,230,000 400 16.3
6 Nov 2013 23 Kim Chuan Terrace 6,017 1,239 24 Nov 2003 291 5,700,000 3,635 15.7
18 Sep 2013 15 Kim Chuan Terrace 8,116 1,503 23 Jul 2012 1,331 1,400,000 422 11.1
23 Jul 2012 15 Kim Chuan Terrace 8,116 1,331 8 Jun 2011 996 2,720,000 411 29.4
28 Jun 2011 11 Kim Chuan Terrace 8,256 1,051 18 Feb 2011 750 2,491,200 130 158.5
8 Jun 2011 15 Kim Chuan Terrace 8,116 996 25 Aug 2010 764 1,880,000 287 40.0
16 May 2011 3 Kim Chuan Terrace 6,114 849 14 Apr 2011 736 688,000 32 406.7
25 Aug 2010 15 Kim Chuan Terrace 8,116 764 11 Oct 2007 259 4,100,000 1,049 45.7
11 Oct 2007 15 Kim Chuan Terrace 8,116 259 20 Sep 2007 166 750,000 21 >1000

Unprofitable Transactions
Total 0

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

There are no round-trip transactions

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
  24 Oct 2017 663 Light Industrial 1,679 3,700 2.2 Chia Khert Meng Jeremy 82682553

Historical rental along KIM CHUAN DRIVE

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
Feb 2018 Factory (All Types) 2.65 2.65 2.65 2.65 2.65 1
Jan 2018 Factory (All Types) 1.87 1.87 1.87 1.87 1.87 1
Aug 2017 Factory (All Types) 2.01 2.01 2.01 2.01 2.01 1
Jul 2017 Factory (All Types) 2.47 2.47 2.47 2.47 2.47 1
Mar 2017 Factory (All Types) 1.53 1.53 1.53 1.53 1.53 1
Sep 2016 Factory (All Types) 2.01 2.01 2.01 2.01 2.01 1
Mar 2016 Factory (All Types) 1.46 1.46 1.46 1.46 1.46 1
Feb 2016 Factory (All Types) 2.60 2.60 2.60 2.60 2.60 1
Jul 2015 Factory (All Types) 2.76 2.76 2.76 2.76 2.76 1
Mar 2015 Factory (All Types) 1.58 1.58 1.58 1.58 1.58 1
Feb 2015 Factory (All Types) 2.65 2.65 2.65 2.65 2.65 1
Dec 2014 Factory (All Types) 2.43 2.43 2.43 2.43 2.43 1
Aug 2014 Factory (All Types) 2.56 2.56 2.56 2.56 2.56 1
Mar 2014 Factory (All Types) 1.46 2.53 3.61 3.74 3.86 3
Nov 2013 Factory (All Types) 3.04 3.04 3.04 3.04 3.04 1
Jul 2013 Factory (All Types) 2.76 2.92 3.08 3.24 3.40 2
May 2013 Factory (All Types) 2.69 2.69 2.69 2.69 2.69 1
Mar 2013 Factory (All Types) 1.45 1.92 2.40 2.88 3.36 2
Dec 2012 Factory (All Types) 1.46 1.84 2.22 2.60 2.98 2
Oct 2012 Factory (All Types) 2.56 2.56 2.56 2.56 2.56 1
Aug 2012 Factory (All Types) 2.08 2.08 2.08 2.08 2.08 1
Jul 2012 Factory (All Types) 2.18 2.18 2.18 2.18 2.18 1
Mar 2012 Factory (All Types) 2.23 2.64 3.05 3.46 3.86 2
Feb 2012 Factory (All Types) 2.65 2.65 2.65 2.65 2.65 1

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

There are no nearby properties with transactions in the last 6 months

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$)
20 Dec 2018 31/33 Kim Chuan Drive Factory (All Types) Resale 15,231 Land 1,239 18,880,000
7 Jul 2017 7 Kim Chuan Lane Factory (All Types) Resale 10,506 Land 1,238 13,000,000
16 Jul 2016 23 Kim Chuan Terrace Factory (All Types) Resale 6,017 Land 1,480 8,900,000
9 Sep 2014 43 Kim Chuan Drive Factory (All Types) Resale 6,017 Land 1,463 8,800,000
13 Dec 2013 14 Kim Chuan Terrace Factory (All Types) Resale 6,071 Land 1,332 8,080,000
6 Nov 2013 23 Kim Chuan Terrace Factory (All Types) Resale 6,017 Land 1,239 7,450,000
18 Sep 2013 15 Kim Chuan Terrace Factory (All Types) Resale 8,116 Land 1,503 12,200,000
8 Nov 2012 14 Kim Chuan Terrace Factory (All Types) Resale 6,071 Land 1,129 6,850,000
23 Jul 2012 15 Kim Chuan Terrace Factory (All Types) Resale 8,116 Land 1,331 10,800,000
5 Oct 2011 17 Kim Chuan Terrace Factory (All Types) Resale 6,049 Land 1,072 6,480,000
26 Aug 2011 12 KIM CHUAN TERRACE Factory (All Types) Resale - Land - 6,000,000
28 Jun 2011 11 Kim Chuan Terrace Factory (All Types) Resale 8,256 Land 1,051 8,680,000
8 Jun 2011 15 Kim Chuan Terrace Factory (All Types) Resale 8,116 Land 996 8,080,000
16 May 2011 3 Kim Chuan Terrace Factory (All Types) Resale 6,114 Land 849 5,188,000
14 Apr 2011 3 KIM CHUAN TERRACE Factory (All Types) Resale 6,114 Land 736 4,500,000
18 Mar 2011 41 Kim Chuan Drive Factory (All Types) Resale 6,006 Land 790 4,750,000
18 Feb 2011 11 KIM CHUAN TERRACE Factory (All Types) Resale 8,256 Land 750 6,188,800
29 Nov 2010 31 Kim Chuan Drive Factory (All Types) Resale 9,214 Land 722 6,650,000
4 Nov 2010 33 Kim Chuan Drive Factory (All Types) Resale 6,017 Land 681 4,100,000
13 Sep 2010 3 Kim Chuan Lane Factory (All Types) Resale 15,586 Land 577 9,000,000
25 Aug 2010 15 Kim Chuan Terrace Factory (All Types) Resale 8,116 Land 764 6,200,000
11 Oct 2007 15 Kim Chuan Terrace Factory (All Types) Resale 8,116 Land 259 2,100,000
20 Sep 2007 15 Kim Chuan Terrace Factory (All Types) Resale 8,116 Land 166 1,350,000
20 Dec 2005 45 KIM CHUAN DRIVE Factory (All Types) Resale - Land - 1,430,000
22 Mar 2005 43 Kim Chuan Drive Factory (All Types) Resale 6,017 Land 229 1,380,000
28 Dec 2004 21 Kim Chuan Terrace Factory (All Types) Resale 5,985 Land 267 1,600,000
24 Nov 2003 23 Kim Chuan Terrace Factory (All Types) Resale 6,017 Land 291 1,750,000
19 Nov 2003 18 Kim Chuan Terrace Factory (All Types) Resale 8,848 Land 224 1,980,000

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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