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Noel Building at 50 Playfair Road was sold for $81.18 million after it was placed on tender. Tthe eight-storey building sold for a 17% premium over the estimate price of $70 million stated by marketing firm Edmund Tie & Co and set to be rebuild to [19]Food Point. Situated at the junction of Playfair Road and Harper Road, the 26,492 square foot freehold property is classified for “Business 1 – White,” which is “very rare,” says Edmund Tie & Co.’s head of investment advising, Swee Shou Fern, who negotiated the transaction. With a 3.5 plot ratio, the land may be rebuilt into a new development with a maximum gross floor size of 93,777 sq ft. Consequently, the $81.18 million acquisition price converts to $895 psf per plot ratio. On the street, word-of-mouth is that eleven offers came in at tender’s closure. “The site was hotly contested, attracting overwhelmingly interest from developers, end- users and investors, both local and foreign alike,” explains Swee. “Some of these parties were looking to build a mixed industrial complex with a commercial component or a food-factory, while owner-occupiers were looking to build their corporate headquarters on the site.” Within the Tai Seng Business Hub, the Playfair Road building has notable structures such the BreadTalk IHQ, Grantral Mall @ MacPherson, 18 Tai Seng, with F&B, banking and lifestyle conveniences, and 400m from the Tai Seng MRT station The strata-titled owners of the Playfair Road building are likely to get gross selling profits ranging from S$1.65 million to S$6.22 million per unit. “The positive tender outcome is indicative evidence of investors’ continuous strong confidence in the Singapore real estate market, particularly in properties with robust attributes,” adds Swee.

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Food Point @ Tai Seng is a freehold B1 food factory designed for central kitchens to cloud kitchens, cold room and food processing. This freehold development has many specialised features meant to serve the demands of food industries. With different floor plans and layouts, it offers flexible areas for companies trying to grow or combine their activities. Food Point Food Factory distinguishes itself by emphasising operating efficiency, cleanliness, and safety. Every unit has refuse chutes, grease traps, and a high-capacity kitchen exhaust duct to facilitate operation of food manufacture. Cold room can be implemented to help companies wanting to preserved for perishable products. The Singapore Food Agency (SFA) has pre-approved the industrial units for food processing operations, therefore guaranteeing early compliance with local food safety standards. Maintaining clean, high-quality production settings depends on the contemporary infrastructure of the building including waste disposal systems that meet strict food safety criteria. Particularly among small to medium-sized firms (SMEs) looking for expansion prospects, the design also promotes cooperation among companies working in the same sector, therefore enabling information exchange and creative alliances. Design of Food Point at Tai Seng revolves mostly on sustainability. Eco-friendly building techniques include trash reduction, recycling systems, and energy saving strategies abound at the site. These features provide the building a green edge and fit with worldwide trends towards sustainable production. Food Point at Tai Seng appeals especially to companies with a forward-looking strategy because of its sustainability emphasis because it helps them to match their operations with environmentally friendly methods and establish themselves as industry leaders. Apart from the sophisticated characteristics of the Food Point, the Tai Seng neighbourhood itself has a lot of advantages. This is a well-known industrial hub with first-rate infrastructure, a range of restaurants, and close access to business districts such Paya Lebar. The neighbourhood is well-known for its dynamic mix of organisations ranging from food producers to high-tech businesses including logistics corporations and technology startups. For food firms trying to leverage a network of linked enterprises, this makes it perfect. Parks and schools also help to service the neighbourhood, therefore transforming it from a commercial hub into a thriving community. Green areas like Bidadari Park guarantees that local workers have access to outside leisure activities, therefore promoting work-life balance. For shopping, surrounding malls include Paya Lebar Quarter, Grantral Mall and BreadTalk IHQ provide everyday needs as well as leisure time activities. For companies that value operational simplicity and employee pleasure, these amenities help to increase the attraction of the area. Food Point at Tai Seng provides modular units so companies may change their space needs as they expand. In the food sector, where fast scaling-up may be a major competitive advantage, this flexibility is very vital. Harrison Food Point offers the infrastructure to meet a variety of purposes whether a company wants space for a bakery, central kitchen or large-scale food manufacturing plant. Expanding into many sections lets companies develop without having to move, therefore minimising the operational interruptions usually related with relocation. The fact that the building is freehold gives long-term value for investors as leasehold deterioration is a major consideration in real estate investments and causes no worries. Food Point state-of-the-art establishment with contemporary infrastructure, eco-friendly methods, and a cooperative atmosphere helps food sector innovation and expansion. Its strategic position in the middle of Tai Seng and its modern conveniences make it a top choice for restaurants wishing to establish or grow their activities in Singapore. Food Point @ Tai Seng Location Located at 50 Playfair Road, Food Point food factory location is conveniently close to Tai Seng MRT station and main expressways such the Kallang-Paya Lebar Motorway (KPE) and Pan Island Motorway (PIE). Whether locally or globally, this strategic position improves the logistical efficiency for businesses depending on prompt delivery and distribution of products. The surrounding region is a thriving business centre with several industrial and commercial projects that improve the attractiveness of the building for businesses needing closeness to other food-related businesses or distribution channels. The area also has many conveniences, including shopping malls, which would be handy for employees as well as customers, whether dining options or buying groceries. Ease of Transportation at Tai Seng Located in Singapore’s District 13, Food Point is rather easily accessible and a perfect site for both people and companies. Tai Seng’s great connection via MRT stations, bus lines and expressways drives much of its simplicity of mobility. From several areas of Singapore, the Tai Seng MRT station on the Circle Line provides flawless connection. It connects to corporate centres such Paya Lebar, Serangoon, and Marina Bay, therefore facilitating employee commutes in the region. At interchanges like Paya Lebar and Serangoon, the MRT station also offers simple connections to other MRT lines, therefore enabling transit around the island. Tai Seng benefits from close proximity to many major expressways as well, notably the Kallang-Paya Lebar Motorway (KPE) and the Pan Island Motorway (PIE). These motorways provide fast and effective road access to residential communities and important commercial regions. Better logistics would help local businesses as products and services may be readily moved to and from the site. Tai Seng is well-served by multiple bus lines for those depending on public buses, therefore improving accessibility for commuters who would like use road-based public transit. The combined bus system guarantees ease and flexibility whether one is moving within the region or to other areas. Tai Seng is a desirable place for companies seeking operational efficiency and simplicity of access because to its amazing array of transit choices. Its interconnectedness guarantees businesses to effectively control supply chains and access a bigger employment pool.

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