Lip Hing Industrial Building

Overview

Sales

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Surrounding

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Overview

Sales

Rental

Surrounding

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Details

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*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on 3rd-party rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Description
Lip Hing Industrial Building is a leasehold (999 yrs from 1885) industrial property. The development occupies a land area of 3,025 sqm and a Gross Floor Area of 7,266 sqm.

LIP HING INDUSTRIAL BUILDING is located along Pemimpin Drive in Bishan, in District 20. It is accessible through the nearest MRTs including Marymount CC16 and Bishan CC15, NS17. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, SHENG SIONG SUPERMARKET PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, and 2 Shopping Mall(s): BISHAN NORTH SHOPPING MALL, JUNCTION 8 SHOPPING CENTRE.

Based on transaction data in the last 12 months, the highest recorded transaction was S$ 728 psf in Mar 2023 for a 1,346 sqft unit for Factory (All Types), S$ 619 psf in Apr 2016 for a 1,389 sqft unit for Warehouse. Its lowest recorded transaction was S$ 720 psf in Jan 2024 for a 1,389 sqft unit for Factory (All Types), S$ 619 psf in Apr 2016 for a 1,389 sqft unit for Warehouse.

Buyers and tenants are attracted to District 20, which is comprised of Bishan and Ang Mo Kio. Bishan is home to three prestigious schools, including Raffles Institution, Raffles Girls' School and Catholic High School. It appeals as one of the most expensive HDB towns in Singapore due to its close proximity to the Central Business District and good accessibility via public transportation, with connections to both North-South Line and Circle Line. Bishan is known for its distinguishing sloped roofs found on many of the HDB Blocks. Ang Mo Kio is designated as Singapore's first walking and cycling town as part of the Singapore government's efforts to build a car-lite country. Shopping and dining options are available at AMK Hub, a suburban mall located in the heart of Ang Mo Kio. The mall is connected to Ang Mo Kio Bus Interchange, which is linked to Ang Mo Kio MRT station via an underpass.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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What they say
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4
"Old ...Industrial building ."
A*** S***
Google Review     |   05 Feb 2022
3
"OK"
Z**** D***
Google Review     |   20 Oct 2021
2
"Parking within the area is good for small cars and if one can find a parking lot. Mainly a industrial building for offices."
A*** T**
Google Review     |   19 Jun 2021
5
"Did my curtains with E-Curtains, located on the 6th floor. Best for Singapore sewn!"
Y****** L****
Google Review     |   12 Jun 2019
4
"I have ordered some car parts for Honda and I'm coming over here to collect."
P**** C F***
Google Review     |   25 Mar 2019
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Nearby Amenities
Source: URA,  www.edgeprop.sg
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Sales Transaction of Pemimpin Drive (Limited to 10)

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Asking Price of LIP HING INDUSTRIAL BUILDING

Source: URA, https://www.edgeprop.sg

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Price Comparison with Nearby Properties (UP to 10)

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Note: *Based on URA Sales data in the last 12 months. **Based on 3rd-party Rental data in the last 12 months.

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