A wave of innovation is sweeping through the food and beverage (F&B) sector as rising rents and high overheads prompt restaurants to shift towards online operations and food delivery services. In this evolving landscape, F&B operators seek dedicated facilities where they can cook, process, package, and store their products efficiently.
However, food factories in urban Singapore, especially freehold ones, are in short supply. Many come with lease tenures of only 30 or 60 years, which are quickly depleting. Therefore, the opportunity to own a unit at the freehold Food Vision is a rare and strategic move for savvy investors looking to support Singapore’s food security efforts.
30 by 30 Goals
Singapore is determined to achieve its “30 by 30” goal, producing 30% of its nutritional needs by 2030. To boost productivity, the 18-hectare Agri-Food Innovation Park (AFIP) in Sungei Kadut has been developed, catalyzing innovation in agritech. Additionally, the Northern Agri-Tech and Food Corridor is being created to connect AFIP with the Senoko Food Zone and Lim Chu Kang farms, ensuring food security.
In the future, small and medium enterprises in the area can collaborate and co-create food products with the support of government initiatives like FoodInnovate.
An Emerging Investment Opportunity in Food Factory
As funds flow into the food sector, investors are increasingly drawn to food factories as a niche yet promising real estate investment. With cooling measures affecting the residential property market, some investors are turning to industrial assets, exempt from Additional Buyer’s Stamp Duty (ABSD).
Food factories, a previously overlooked asset class, are gaining recognition for their potential in supporting Singapore’s growing food and beverage industry. Situated in the well-established Mandai industrial zone, CT FoodNex Food Factory offers proximity to the Northern Agri-Tech and Food Corridor and the Sungei Kadut Eco District, further enhancing its appeal.
Food businesses at CT FoodNex will benefit from convenient access to suppliers, distributors, and business partners, fostering collaboration and operational efficiency. With the future Sungei Kadut MRT interchange opening in the mid-2030s, employees will also enjoy easier commutes.
Ideals for Food Owners and Investors
Spanning over 6,900 square meters, CT FoodNex provides ramp-up access to every level, enabling vehicular access to all units for operational convenience. The column-free design accommodates various operational requirements, and units can be joined together for larger floor areas if needed. Thoughtfully designed for cold room and kitchen operations, all units feature sunken floors and dedicated kitchen exhaust shafts, maximizing space efficiency.
CT FoodNex presents an excellent opportunity for F&B businesses to scale up, with units averaging 1,700 square feet and attractively priced from S$2.35 million.
There’s a growing interest among investors in non-residential assets for long-term investment. Food factories, with Singapore’s expanding food manufacturing and processing industry, are likely to remain an attractive investment option.
Do connect with us to view CT FoodNex fodd Factory showflat. Visit https://www.ct-foodnex.net/ to register your interest.
