Overview
Completed in 2023, Kaki Bukit Road 3, The Leo is a freehold industrial development sitting on a land area of approximately 35,000 square feet. Strategically located in the thriving industrial hub of Kaki Bukit, this 5-storey development comprises 42 units ranging from 958 square feet to 1,787 square feet.
Key Features
- Freehold tenure
- Excellent connectivity to major expressways
- High-specification units with floor-to-ceiling heights of 4.5 meters
- Advanced amenities including air-conditioning, passenger lifts, and 24-hour security
- Proximity to amenities such as eateries, retail outlets, and public transportation
Location and Accessibility
Kaki Bukit Road 3, The Leo benefits from its prime location in Kaki Bukit, an established industrial precinct. The development is easily accessible via major expressways, including the Pan Island Expressway (PIE), Kallang-Paya Lebar Expressway (KPE), and East Coast Parkway (ECP).
- 10 minutes drive to the Central Business District (CBD)
- 15 minutes drive to Changi Airport
- 5 minutes walk to Kaki Bukit MRT Station
Unit Types and Pricing
The Leo offers a range of unit sizes and configurations to cater to various business needs. The available unit types and estimated pricing are as follows:
| Unit Type | Size (sq ft) | Estimated Price (S$) |
|---|---|---|
| B1 | 958 – 1,109 | From S$1,750,000 |
| B2 | 1,141 – 1,475 | From S$2,100,000 |
| B3 | 1,475 – 1,787 | From S$2,700,000 |
Investment Potential
Kaki Bukit Road 3, The Leo presents a compelling investment opportunity for businesses seeking a foothold in the thriving Kaki Bukit industrial hub. The following factors contribute to its investment potential:
- Strong demand for industrial space: According to JLL, the vacancy rate for industrial properties in Kaki Bukit was just 3.3% in Q4 2022, indicating a high demand for quality industrial space.
- Increasing rental rates: The average rental rates for industrial properties in Kaki Bukit have been steadily increasing over the past few years, offering potential investors good rental returns.
- Government support: The Singapore government has identified Kaki Bukit as a key industrial area and is actively investing in infrastructure and amenities to support its growth.
Amenities and Facilities
Kaki Bukit Road 3, The Leo offers a range of amenities and facilities to enhance the convenience and efficiency of its tenants. These include:
- Air-Conditioning: All units are equipped with centralized air-conditioning, ensuring a comfortable working environment throughout the year.
- Passenger Lifts: Multiple passenger lifts provide easy access to all floors of the development.
- 24-Hour Security: The development is protected by 24-hour security, ensuring the safety and security of tenants and their assets.
- Proximity to Amenities: The Leo is conveniently located near a wide range of amenities, including eateries, retail outlets, and public transportation.
Why Choose Kaki Bukit Road 3, The Leo?
Kaki Bukit Road 3, The Leo is an ideal choice for businesses seeking a modern and well-connected industrial space in the thriving heart of Kaki Bukit. Its freehold tenure, excellent accessibility, high-specification units, and investment potential make it an attractive proposition for both investors and tenants.
Step-by-Step Approach to Purchasing a Unit
- Contact a reputable property agent: Engage with a property agent specializing in industrial properties in Kaki Bukit.
- Schedule a viewing: Arrange a viewing of available units to determine which one best suits your business needs.
- Negotiate the price and terms: Discuss the purchase price and terms of the sale with the seller’s agent.
- Secure legal representation: Engage a conveyancing lawyer to review the sale and purchase agreement and handle the legal aspects of the transaction.
- Complete the purchase: Sign the sale and purchase agreement and pay the necessary fees to complete the transaction.
Conclusion
Kaki Bukit Road 3, The Leo is a premium industrial development offering a unique blend of location, accessibility, and investment potential. Its high-specification units, advanced amenities, and strategic position in the thriving Kaki Bukit precinct make it an ideal choice for businesses seeking a modern and efficient workspace.
Additional Information
Address: Kaki Bukit Road 3, Singapore 417884
Developer: World Class Land
Completion Year: 2023
Number of Units: 42
Unit Sizes: 958 – 1,787 square feet
Land Area: Approximately 35,000 square feet
Tenure: Freehold
Leasehold Expiry: N/A
Comparison with Other Industrial Developments
| Development | Location | Unit Size (sq ft) | Price (S$) |
|---|---|---|---|
| Kaki Bukit Road 3, The Leo | Kaki Bukit | 958 – 1,787 | From S$1,750,000 |
| Pioneer Road North | Pioneer | 1,000 – 2,000 | From S$1,500,000 |
| Sungei Kadut Loop | Sungei Kadut | 1,200 – 2,500 | From S$2,000,000 |
Glossary
FreeholdTenure: A type of property ownership where the owner has the land and property indefinitely, without the need to renew a lease.
Floor-to-Ceiling Height: The vertical distance from the floor to the ceiling of a room or building.
Vacancy Rate: The percentage of unoccupied space in a building or development.
Cap Rate: The rate of return on a real estate investment, calculated by dividing the net operating income by the purchase price.
Tables
Table 1: Rental Rates for Industrial Properties in Kaki Bukit
| Year | Rental Rate (S$ per sq ft) |
|---|---|
| 2019 | S$2.20 – S$3.00 |
| 2020 | S$2.30 – S$3.20 |
| 2021 | S$2.40 – S$3.40 |
| 2022 | S$2.50 – S$3.60 |
Table 2: Population Growth in Kaki Bukit
| Year | Population |
|---|---|
| 2010 | 12,000 |
| 2015 | 15,000 |
| 2020 | 18,000 |
| 2025 (Projected) | 21,000 |
Table 3: Estimated Rental Yield for Kaki Bukit Road 3, The Leo
| Unit Type | Estimated Rental Yield |
|---|---|
| B1 | 5.0% – 6.0 |
