Jalan Senang Food Zone factory pair seeks buyer for cold-storage premises

A pair of adjoining freehold industrial properties marketed in the Jalan Senang Food Zone comes with something more tangible than a redevelopment concept: existing cold storage said to accommodate up to 800 pallets. Huttons Asia launched the properties for sale on 22 October 2026, with a combined $18 million guide price.

The practical choice is whether to retain and adapt the existing facilities or pursue a longer-term rebuild. Neither route means taking possession immediately: Huttons says completion is expected to take around six months to allow the current operator to move out. For a food business considering its next premises, the equipment and handover timetable are central parts of the offer.

What is included in the $18 million offer?

According to Huttons, the two properties occupy about 9,017 sq ft of land, with more than 30 metres of frontage and an approximate depth of 27.5 metres. The agent describes them as adjoining freehold landed industrial properties, rather than individual units within a larger factory building.

The sale is being conducted through an expression of interest, or EOI—an invitation for prospective buyers to submit offers. The stated closing time is 4pm on 31 October 2026. The $18 million figure is the seller’s guide for that exercise, not a completed transaction price.

Dividing that guide price by the stated combined land area gives approximately $1,996 per sq ft of land. This calculation helps explain the headline sum: it prices the offer against the land footprint, rather than against the amount of usable factory space currently available. The release does not give an existing floor-area figure with which to make that second comparison.

The distinction matters because this listing presents two different things together: existing premises with cold-storage facilities, and land that the agent says has redevelopment potential. A buyer assessing the first would focus on the facility’s suitability; a buyer assessing the second would need to establish how much new space could actually be delivered.

Why the cold storage matters

The most distinctive operational detail is Huttons’ stated capacity of up to 800 pallets. That describes storage capacity, not the volume of food handled each day or the amount of income the premises generate. The release does not provide those operating figures.

Lee Sze Teck, Huttons Asia’s Senior Director of Data Analytics, says the existing cold storage could reduce the fit-out time and capital needed by an incoming operator. That is the agent’s assessment of the facility’s potential advantage; the release does not quantify a saving in dollars or months.

For a prospective occupier, the useful question is therefore how much of the existing setup matches its own operation. The reported pallet capacity is a starting point for that assessment, rather than a complete description of what a new business could do there. No independently confirmed equipment condition, food-use permissions or operating specifications are provided in the available evidence.

Ong Jianlong, identified by Huttons as its Senior Group District Director, outlines the possibility of using the existing premises or taking a redevelopment approach. He is the marketing representative, not the identified owner or occupier. The current operator and seller are not named in the release.

What could a rebuild deliver?

Huttons describes the land as zoned Business 1, with a plot ratio of 2.0. Plot ratio expresses the relationship between a site’s land area and its permitted gross floor area—the total floor space counted for planning purposes. Applying 2.0 to the stated 9,017 sq ft site produces the agent’s estimated maximum of approximately 18,034 sq ft.

That is roughly twice the land footprint, not evidence that the existing buildings already contain that much space. It is also a planning estimate rather than an approved building proposal.

URA’s guidance explains why the distinction matters: the Master Plan plot ratio guides development intensity, but the full figure may not be achievable because of site conditions, setbacks, height limits and other technical requirements. A rebuild would therefore need a site-specific assessment before the estimated floor area could become a dependable design assumption.

The handover is part of the proposition

The proposed six-month completion period puts a meaningful interval between a prospective purchase and possession. Huttons says that period is intended to give the existing operator time to relocate; it should not be read as a guaranteed date on which a buyer could begin its own operations.

The available release also leaves the exact addresses and title particulars undisclosed. Those omissions limit how far the public information can establish either the operational opportunity or the redevelopment case.

The next stated milestone is the 31 October EOI deadline. What remains open is which part of the package will attract a buyer: the existing cold-storage setup, the adjoining freehold land, or a combination of the two—and what offer that buyer will make.