Held under a 999‑year tenure from Jan 20, 1885, the properties are zoned for residential use under the Urban Redevelopment Authority’s Master Plan with a gross plot ratio of 1.62.
Subject to planning and URA parcellation requirements, the sites may benefit from a bonus plot ratio of 0.3, enhancing their appeal for residential conversion.
Two of the units are vacant, with one tenanted. The properties are available for sale individually or as a collective cluster.
Hillview Terrace, located within a well-established precinct, benefits from proximity to Hillview, Bukit Gombak and Bukit Batok MRT Stations,
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Tan Boon Leong, executive director and industrial sales lead at Colliers Singapore, says: “Singapore’s industrial market is entering a more selective phase, with occupiers and investors placing greater emphasis on asset quality, flexibility and future potential. The Hillview Terrace offering — 999‑year tenure, cluster configuration and potential uplift provide multiple angles for value creation. We anticipate strong interest from buyers seeking both immediate use and longer-term repositioning potential.”
Colliers Singapore is marketing the properties on behalf of Absolute Kinetics Consultancy via a private treaty sale.
In 2022, Colliers Singapore marketed 23 terrace factories in Hillview Terrace at a reserve price of $255.4 million.
