# Freehold strata-industrial project Generations @ Tannery fully sold within two days - **Source:** EdgeProp Singapore - **Published:** 2026-07-17T10:03:47.000Z - **Author:** Cecilia Chow - **Original:** https://www.edgeprop.sg/property-news/freehold-strata-industrial-project-generations-tannery-fully-sold-within-two-days - **Topics:** Commercial & Industrial, New Launches, Transactions & Deals ## Featured rationale The rapid sellout signals strong owner-occupier demand for scarce freehold B1 space and could reinforce its widening price premium over leasehold industrial units. ## AI summary Generations @ Tannery sold all 54 production units and five canteen units within two days, with about 80% of buyers being end-users. ## Original article Freehold strata-industrial project Generations @ Tannery achieved a complete sellout on its public launch day (July 17), with all 54 production units and five canteen units taken up by 4pm. Sales began on July 16 for multiple-unit buyers, who had to commit to a minimum of seven units, and for whole-floor buyers. About 90% of buyers were multiple-unit purchasers, says Daniel Long, managing partner of Providence Estates, the developer of Generations @ Tannery. They come from a diverse mix of industries, including marine solutions, media, production and imaging solutions, interior design, construction and high-tech manufacturing, he notes. With the top four floors reserved ahead of the launch, only 50 of the 54 production units went on the market. After the multiple-unit buyers had taken their pick, five production units and the five canteen units were left for the public launch and made available to single-unit buyers. Read also: Generations @ Tannery: ‘Grade-A B1’ building redefining precinct's leather-making legacy About 80% of buyers were end-users, adds Long — mainly small and medium-sized enterprises looking to base their operations or headquarters in the building. The canteen units went to different buyers, one of whom took two units. "They have different F&B concepts, and were guided by the fact that there will be thousands of young people on the upper floors and hundreds of young families occupying the new residential housing units on the opposite side of Aljunied Road," says Long. Generations @ Tannery is located in MacPherson and is a redevelopment of the former City Industrial Building. It is a four-minute walk from Mattar MRT Station (Downtown Line) and sits across the street from the upcoming Mattar residential precinct, where new HDB BTO projects are in the pipeline. The 12-storey Business 1 (B1) light industrial development offers strata-titled production units of 1,658 to 2,695 sq ft from the second to 12th floors, with five canteen units on the ground floor from 463 sq ft. Each floorplate spans 20,000 sq ft and accommodates up to 10 units. Standout features include double-volume ceiling heights of up to 6.125m and column-free layouts, giving owners the flexibility to combine or sublet units. Prices ranged from $1,500 psf on the eighth floor to $2,000 psf on the second. For industrial developments, units on the first and second levels are the most premium, and the exclusive "Towkay units" on the second level commanded prices from $2.6 million. Canteen units were priced from $3,000 to $4,000 psf, with the smallest unit of 463 sq ft going for between $1.4 million and $1.85 million. Read also: Generations @ Tannery offers rare freehold industrial space with a values-driven vision Nearby, Chiu Teng Group's CT Gold, with 66 freehold strata-titled industrial units, sold out in two days at its launch on April 30 and May 1. Generations @ Tannery matched that pace just 2.5 months later. "The timeless value of a rare freehold B1 industrial asset was a major draw for discerning buyers," says Long. Freehold industrial projects are increasingly sought after. "End-users and investors prefer freehold industrial projects for future capital appreciation and wealth preservation," says Lee Sze Teck, senior director of data analytics at Huttons Asia. Data shows 999-year and freehold multi-user factory units account for 16.5% of sales so far in 2026, up 4.3 percentage points from 2022. The preference has widened the price gap between freehold and leasehold units to $488 psf in 2026, from $391 psf in 2020. Interest rates have fallen 2.6 percentage points since end-December 2023, while rents for multi-user factories have risen nearly 7% over the same period. Most government land sales sites are zoned for heavy industrial (B2) use with 30-year leases, making freehold B1 light industrial parcels like Generations @ Tannery rare, Lee notes. ## Chinese translation > Translation model: grok ### 永久地契分层工业项目 Generations @ Tannery 两天内售罄 Generations @ Tannery 48小时内售罄，显示永久地契工业地产备受追捧 永久地契分层工业项目 Generations @ Tannery 在公开发售日（7月17日）即告全数售罄，截至下午4时，全部54个生产单位及5个食堂单位均已售出。 销售于7月16日先行向多单位买家及整层买家开放，多单位买家须承诺至少购入七个单位。开发商 Providence Estates 管理合伙人 Daniel Long 表示，约90%买家为多单位购入者，来自多元行业，包括海事解决方案、媒体、制作与影像解决方案、室内设计、建筑及高科技制造等。 由于顶四层已在发售前预留，公开市场上仅有50个生产单位。在多单位买家挑选后，剩余五个生产单位及五个食堂单位在公开发售日开放予单位买家。 另读：Generations @ Tannery：“A级 B1”大厦重新定义该区制革业遗产 Long 补充，约80%买家为自用者——主要是希望在大厦设立营运或总部的中小企业。 食堂单位由不同买家购入，其中一人买下两间。“他们各自有不同的餐饮概念，并考虑到楼上将有数千名年轻人，以及阿裕尼路对面新建住宅将有数百户年轻家庭入住，”Long 说。 Generations @ Tannery 位于麦波申，由前 City Industrial Building 重建而成。距地铁麦波申站（Downtown Line）步行约四分钟，对面是即将发展的麦波申住宅区，区内有新的HDB BTO 项目在规划中。 这座12层 Business 1（B1）轻工业发展项目提供分层业权生产单位，面积介于1,658至2,695平方英尺，位于二至十二楼；地面层有五个食堂单位，最小约463平方英尺。 每层楼面约20,000平方英尺，最多可容纳10个单位。亮点包括高达6.125米的双层挑高天花及无柱布局，业主可灵活合并或分租单位。 价格介于八楼的每平方英尺1,500新元至二楼的每平方英尺2,000新元。工业项目中，一、二楼单位最为抢手，二楼独家“老板单位”成交价自260万新元起。食堂单位定价每平方英尺3,000至4,000新元，最小463平方英尺单位成交价约140万至185万新元。 另读：Generations @ Tannery 提供稀有永久地契工业空间，并承载价值导向愿景 附近由 Chiu Teng Group 开发的 CT Gold 共66个永久地契分层工业单位，于4月30日及5月1日发售，两天内售罄。Generations @ Tannery 仅约两个半月后即以同样节奏售罄。“稀有永久地契 B1 工业资产的长线价值，是精明买家的重要吸引力，”Long 说。 永久地契工业项目愈受欢迎。合登亚洲数据与分析高级总监李斯德表示：“自用者和投资者更青睐永久地契工业项目，以追求未来资本增值与财富保值。” 数据显示，2026年至今，999年与永久地契多用户厂房单位占成交量16.5%，较2022年上升4.3个百分点。永久地契与租赁地契单位的价差已扩大至2026年的每平方英尺488新元，高于2020年的每平方英尺391新元。自2023年12月底以来，利率累计下降2.6个百分点，同期多用户厂房租金则上涨近7%。 李斯德指出，大多数政府售地地段被划为重工业（B2）用途，且多为30年租约，因此像 Generations @ Tannery 这类永久地契 B1 轻工业地段尤为稀缺。