Colliers markets S$85.2m Hillview Terrace industrial portfolios
Colliers is offering two distinct industrial property portfolios in Singapore's Hillview Terrace, valued at a combined S$85.23 million across approximately 50,980 sq ft of land.
Two Portfolios on Offer
Colliers has launched two separate industrial property portfolios for sale in Singapore’s Hillview Terrace area. The offerings include a collection of seven 999-year leasehold factories available through public tender, alongside a group of four freehold factories marketed for private treaty sale.
Together, these properties represent a total guide price and asking price of S$85.23 million, spanning a combined site area of approximately 50,980 square feet (sq ft), Colliers announced on 27 October.
Public Tender for Leasehold Factories
The first portfolio comprises seven terraced factories at 36 to 38D Hillview Terrace, which are 999-year leasehold assets. Colliers has set a guide price of S$51.6 million for these properties, which cover a total land area of 31,199 sq ft. This translates to about S$1,655 per square foot on the land.
Although the Urban Redevelopment Authority (URA) Master Plan zones these plots for residential use, they hold approval for general industrial activity. The tender for this portfolio will conclude at 3pm on 1 December 2026.
Private Sale for Freehold Properties
Separately, Colliers is also facilitating the private treaty sale of four freehold semi-detached factories located at 31 to 35 Hillview Terrace. This second portfolio carries an asking price of S$33.63 million and occupies a site area of 19,781 sq ft. These properties are also situated on land zoned residential with a gross plot ratio of 1.62.
Steven Tan, Colliers’ executive director for capital markets and investment services, noted that the availability of this freehold option provides buyers with an alternative to the tender site.
Flexible Use Appeals to Developers
The properties’ dual zoning status, allowing for continued industrial use or potential residential redevelopment, presents a compelling proposition. Subject to approval, a residential redevelopment could qualify for an additional 0.30 plot ratio, increasing the maximum allowable to 1.92.
This flexibility, combined with contiguous land, residential zoning, and mixed long leasehold and freehold tenures, creates a rare opportunity for owner-occupiers, investors, and developers, according to Steven Tan. Recent transactions in Hillview Terrace, such as an S$8.5 million sale of a 999-year factory in 2026, show active market interest.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
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