Introduction
Singapore has long been recognized as one of Asia’s most attractive destinations for commercial and industrial real estate investment. With limited land supply, strong government planning, excellent infrastructure, and a stable business environment, industrial properties continue to attract investors seeking long-term capital appreciation and consistent rental income.
Among the industrial properties currently available in Singapore, 38D Hillview Terrace, Hillview Industrial Estate stands out as a rare opportunity. This industrial property offers an impressive land size of approximately 6,200 square feet, a 999-year tenure, an attractive price of SGD 9,660,000, and a competitive price of approximately SGD 1,558 per square foot (PSF).
More importantly, the property is already leased at SGD 9,000 per month until November 2028, including a three-year renewal option, providing investors with immediate rental income and stable cash flow from day one.
For buyers searching for premium industrial real estate in Singapore, this property combines location, tenure, rental security, and redevelopment potential into one compelling investment opportunity.
Prime Industrial Location in Hillview Industrial Estate
One of the strongest advantages of 38D Hillview Terrace is its strategic location within Hillview Industrial Estate, situated in District 23, covering Dairy Farm, Bukit Panjang, and Choa Chu Kang.
District 23 has experienced continuous development over the years, becoming one of Singapore’s established industrial and commercial zones. Businesses operating within the area benefit from excellent road connectivity, nearby residential communities, and easy access to major transportation networks.
The property’s address at 38D Hillview Terrace provides convenient accessibility for logistics companies, engineering businesses, manufacturing firms, warehouses, service providers, and commercial enterprises requiring efficient operations.
The nearby neighborhoods continue to experience infrastructure improvements, increasing the long-term value of industrial properties located within this district.
Rare 999-Year Industrial Tenure
Perhaps the most valuable characteristic of this industrial property is its 999-year leasehold tenure.
Industrial properties with 999-year tenure are exceptionally rare in Singapore, especially compared to the majority of industrial developments that typically offer 30-year or 60-year leases.
A 999-year industrial property offers investors significant long-term advantages:
– Stronger asset preservation
– Better financing opportunities
– Higher resale appeal
– Long-term capital appreciation
– Multi-generational ownership potential
Because land in Singapore is extremely scarce, industrial properties with long leasehold periods continue to attract institutional investors, developers, and high-net-worth individuals seeking premium real estate assets.
Spacious 6,200 Square Feet Land Size
The property occupies approximately 6,200 square feet of land, offering excellent operational flexibility.
Large industrial units remain highly sought after because they can accommodate multiple business functions under one roof.
The generous floor area provides sufficient space for:
– Warehouse operations
– Manufacturing activities
– Engineering workshops
– Distribution centers
– Corporate offices
– Storage facilities
– Light industrial production
Businesses looking for scalable operational space will appreciate the property’s efficient layout and flexibility.
Attractive Price of SGD 9,660,000
The asking price of SGD 9,660,000 represents a compelling opportunity considering the property’s rare tenure, generous land size, existing rental income, and redevelopment potential.
Industrial real estate investors often compare opportunities based on multiple factors including:
– Land tenure
– Rental yield
– Redevelopment prospects
– Location
– PSF pricing
– Market demand
When these factors are evaluated together, 38D Hillview Terrace presents strong overall investment value.
Competitive Price of Approximately SGD 1,558 PSF
At approximately SGD 1,558 per square foot, this property offers an attractive entry point into Singapore’s premium industrial real estate market.
Low PSF industrial properties are increasingly difficult to find due to:
– Limited industrial land supply
– Rising construction costs
– Strong investor demand
– Government land restrictions
A competitive PSF enhances future capital appreciation potential while reducing acquisition cost relative to comparable industrial assets.
Immediate Rental Income with Existing Tenant
Income-producing properties remain among the most attractive investment options.
This industrial property is currently leased for:
– Monthly Rental: SGD 9,000
– Lease Expiry: November 2028
– Renewal Option: 3 Years
This provides immediate cash flow without requiring investors to search for tenants after acquisition.
Stable rental income significantly reduces investment risk while supporting financing obligations and improving return on investment.
High En Bloc Redevelopment Potential
Another compelling feature is the property’s high en bloc investment potential.
As Singapore continues urban redevelopment initiatives, strategically located industrial land becomes increasingly valuable.
Properties suitable for collective sale often experience substantial value appreciation over time, particularly when surrounding developments evolve.
Investors purchasing today may benefit not only from rental income but also from future redevelopment opportunities.
Corner Unit Advantage
Being a corner industrial unit provides several operational and investment benefits.
Corner properties typically enjoy:
– Better accessibility
– Improved vehicle circulation
– Greater visibility
– Easier loading and unloading
– More natural lighting
– Enhanced operational efficiency
These advantages make corner industrial properties highly desirable among business operators.
Large Parking Area
Adequate parking remains a significant advantage for industrial properties.
This property offers a spacious parking area suitable for:
– Staff vehicles
– Delivery trucks
– Loading operations
– Client parking
– Commercial vans
Easy parking improves daily operations while enhancing convenience for employees and visitors.
Dual Entrance Design
The property includes dual entrances, providing greater operational flexibility.
Separate entrances can support:
– Independent office access
– Warehouse operations
– Customer reception
– Delivery management
– Staff movement
Businesses with multiple operational departments benefit greatly from this practical feature.
High Ceiling Configuration
Industrial users consistently value buildings with high ceilings.
Higher ceiling clearance allows:
– Vertical storage systems
– Industrial shelving
– Warehouse optimization
– Better airflow
– Flexible machinery installation
Maximizing vertical space increases operational efficiency and storage capacity.
Two Existing Office Spaces
The property comes fitted with two office units, reducing initial renovation costs for new owners.
Office facilities support:
– Administration
– Finance
– Sales operations
– Meeting rooms
– Customer service
– Business management
This ready-to-use setup allows businesses to commence operations quickly.
Recently Repainted and Roof Repaired
The property has recently undergone maintenance, including:
– Fresh repainting
– Roofing repairs
Well-maintained industrial properties reduce immediate capital expenditure and improve overall asset presentation.
This allows buyers to focus on business operations rather than major repair work.
Excellent Accessibility
The industrial estate enjoys excellent transportation connectivity.
Nearby MRT stations include:
– Bukit Gombak (NS3)
– Bukit Batok (NS2)
The surrounding road network provides convenient access to multiple industrial and commercial districts throughout Singapore.
Good transportation improves employee commuting while facilitating logistics operations.
Property Features
The industrial property offers practical facilities including:
– 24-hour access
– Large floor plates
– Car parking
– Flexible operational layout
– Industrial zoning
These features support a wide range of industrial and commercial business activities.
Strong Long-Term Investment Outlook
Singapore’s industrial property market continues to demonstrate resilience supported by:
– Stable economy
– Limited land supply
– High foreign investment
– Advanced logistics infrastructure
– Government planning
– Growing business demand
Industrial assets with long tenure remain among the most desirable property classes for investors seeking both income generation and long-term appreciation.
Why Investors Should Consider This Property
Several factors make this property particularly attractive:
– Rare 999-year tenure
– Strategic District 23 location
– Existing rental income
– Large 6,200 sqft land
– Competitive PSF
– Corner unit
– High ceiling
– Dual entrances
– Two office spaces
– Large parking area
– Renovated condition
– Redevelopment potential
These combined characteristics create a well-balanced investment opportunity suitable for owner-occupiers, investors, and developers alike.
Conclusion
38D Hillview Terrace, Hillview Industrial Estate represents one of the rare opportunities available within Singapore’s industrial property market. With a generous land size of approximately 6,200 square feet, a highly desirable 999-year tenure, an attractive asking price of SGD 9,660,000, and a competitive price of around SGD 1,558 per square foot, the property offers excellent value.
The existing tenancy generating SGD 9,000 per month until November 2028 provides immediate cash flow, while the additional three-year renewal option enhances rental stability. Combined with its corner-unit configuration, large parking area, dual entrances, high ceilings, two fitted offices, recent maintenance, and strong en bloc redevelopment potential, this industrial asset delivers an outstanding balance of operational functionality and long-term investment prospects.
For investors seeking premium industrial real estate in Singapore, 38D Hillview Terrace offers a unique opportunity to secure a scarce long-tenure industrial property in a strategic location with immediate income and exceptional future growth potential. Whether the objective is capital appreciation, stable rental returns, business expansion, or portfolio diversification, this property stands out as a compelling investment capable of delivering value for many years to come.