Generations @ Tannery
Rare freehold B1 industrial development in central Singapore. Limited units available for owner-occupiers and investors who understand the value of perpetual land tenure with modern, future-ready specifications.
Freehold
71 Tannery Lane · District 13
Land Tenure
All images are artist's impressions.
Project Overview
01
Singapore’s Rarest Asset Class: Freehold B1 Industrial
Most new industrial land in Singapore today is sold on 20–33 year leasehold terms (IGLS). Freehold B1 industrial in a central location has become extraordinarily rare. Generations @ Tannery delivers exactly that — a hard-to-find combination of perpetual land value, modern specifications, and city-fringe accessibility.
Located in the Kallang-Mattar precinct, the development is an 510m / 6-minute walk from Mattar MRT (via Mattar Road), with direct access to PIE and Aljunied Road. The surrounding area is undergoing a live-work-play transformation with new BTO projects, mixed-use developments, and the upcoming Gourmet Xchange food hub.
Developer
02
Providence Estates (Tannery) Pte Ltd [Confirmed] Estates (Tannery) Pte Ltd
A seasoned developer bringing a rare freehold B1 product to market, designed for the next generation of light industrial, tech, media, logistics, and advanced manufacturing businesses.
Key Details
Location:
Location
71 Tannery Lane, Geylang Planning Area
Tenure:
Tenure
Freehold
Type:
Type
B1 Light Industrial
Units:
Units
54 B1 units + 5 Industrial Canteens
TOP:
TOP
Q1 2029
Approved:
BP Approved
28 May 2026
Parking:
Car Park
51 lots + EV provision
KONE Lifts:
Lifts
6 KONE lifts (4 passenger + 2 service)
The Investment Case
03
Why Freehold B1 Industrial?
Three structural tailwinds make this a compelling long-term play.
Scarcity & Demand
Freehold B1 in central locations is extremely limited. Most new supply is 20–33 year leasehold pushed to the outskirts. Multi-user factory prices have risen 33.5%, with 22 straight quarters of rental growth. Occupancy at 90.2%.
Tax Efficiency
No ABSD or SSD — unlike residential where foreigners pay up to 60% ABSD and companies pay 65%. Up to 90% LTV for owner-occupiers. GST is payable but fully claimable upon TOP.
Legacy Asset
Freehold land holds perpetual value. Unlike leasehold where the asset decays over time, freehold industrial provides capital preservation across generations. The “unfair advantage” — new specs + perpetual land.
Full Fact Sheet
04
Project Specifications at a Glance
Complete project information summary from the official fact sheet.
All images are artist's impressions.
Pricing
05
Price Matrix by Level
Estimated pricing based on unit area and PSF tiers. Prices are indicative and may vary by unit location, floor level, and facing.
| Level | Units | Size Range (sqft) | Medium PSF | Price Range | Ceiling Height |
|---|---|---|---|---|---|
| #02 | 3 | 1,658 – 1,762 | $2,075 | $3.4M – $3.7M | 6.125m |
| #03 | 5 | 1,671 – 2,152 | $1,900 | $3.1M – $4.1M | 6.125m |
| #04 | 5 | 1,671 – 2,152 | $1,800 | $3.0M – $3.9M | 6.125m |
| #05 | 5 | 1,671 – 2,152 | $1,700 | $2.8M – $3.7M | 4.375m |
| #06 | 14 | 1,621 – 2,695 | $1,625 | $2.6M – $4.4M | 4.2m |
| #07 | 10 | 1,621 – 2,695 | $1,600 | $2.5M – $4.3M | 4.2m |
| #08 | 10 | 1,621 – 2,695 | $1,575 | $2.5M – $4.2M | 4.2m |
Lowest entry: ~$2.5M for 8th storey units (1,621–1,677 sqft). Prices are estimated and serve as a guide only.
Market Context
06
Comparable Transactions
How Generations @ Tannery stacks up against recent freehold B1 launches.
“CT Pemimpin was almost fully sold shortly after launch. CT Gold sold out all 63 production units within 2 days. The market has already spoken — freehold B1 in central locations is being absorbed fast.”
— The Edge Singapore (Dec 2023, May 2024)
| Project | PSF Range | Status |
|---|---|---|
| CT Pemimpin | $1,5xx – $2,2xx | Sold out |
| CT Gold @ MacPherson | $1,5xx – $2,2xx | Sold out in 2 days |
| Generations @ Tannery | $1,575 – $2,075 | Launching |
| Resale Freehold (D13/D14) | $14xx – $17xx | Older specs |
| Resale Leasehold (D20) | $11xx – $14xx | Decaying lease |
Case Study
Sample Investment Projection
Purchase Price
~$3,000,000
Unit Size
~1,765 sqft
PSF
~$1,700
LTV
80% / 30yr
Projected Rent
$4.20 – $4.80 PSF
Gross Yield
3.1% – 3.4%
Stamp duties ~$119,600. Legal fees ~$4,000. GST payable but fully claimable upon TOP.
Specifications
07
Built for Modern Business
Designed for the operational needs of today’s light industrial, tech, and logistics businesses.
Structural Specs
Power Supply:
Power Supply
63A–100A 3-Phase per unit
Floor Loading:
Floor Loading
7.5 kN/m² (production)
Ceiling Height:
Ceiling Height
6.125m (L1-L4) · 4.2m+ (L5-L8)
Loading:
Loading/Unloading
Common L/UL on L2-L5
Design Highlights
Grade A Facade:
Facade
Grade A iconic architectural facade
KONE Lifts:
Lifts
6 KONE (4 passenger + 2 service)
Amenities:
Amenities
52 bicycle lots, EV provision
Configurations:
Configurations
Dual-key potential, Towkay units
Site Plan & Master Plan
08
Development Layout
12-storey B1 development with dedicated production units, canteens, and efficient logistics infrastructure.
All images are artist's impressions.
Location
09
Kallang-Mattar Precinct
An evolving live-work-play environment in central Singapore with excellent connectivity.
Connectivity:
Connectivity
510m / 6-min walk to Mattar MRT · PIE · Aljunied Rd
Workforce:
Residential Hub
Near BTO projects, growing workforce pool
Growth:
Precinct Growth
Gourmet Xchange, mixed-use transformation
All images are artist's impressions.
Market Drivers
10
Why Capital Flows Here
Singapore’s industrial property market is showing consistent structural strength.
Rental Growth:
Rental Growth
22 straight quarters of rental growth (5.5 years)
Occupancy:
Occupancy
90.2% — flight-to-quality driving demand
Family Offices:
Family Offices
2,000+ SFOs in SG, 28% increasing real estate allocation
Floor Plans
11
Unit Distribution
54 B1 units across 8 storeys with various configurations and sizes.
All images are artist's impressions.
Click to expand — complete unit distribution from the official fact sheet
Interested?
12
Let’s Talk About Generations @ Tannery
Get the full sales kit, floor plans, and pricing for available units. I’ll help you find the right unit for your business or portfolio.
13
Emmeline’s Assessment
Strongest Feature
Contact Emmeline for a personalised assessment of this development’s strengths relative to your specific situation and budget.
Main Concern
Every new launch has trade-offs. Emmeline provides an honest assessment of the key risks and considerations during a consultation.
Suitable Buyer
Contact Emmeline to discuss whether this development matches your buyer profile, budget and timeline.
Less Suitable Buyer
Not every new launch suits every buyer. Emmeline will advise if this development aligns with your goals or if alternatives may be better.
Own-Stay Outlook
Emmeline provides a detailed own-stay assessment based on location, surrounding amenities, school access and neighbourhood liveability factors.
Investment Considerations
Contact Emmeline for an investment analysis covering rental yield projections, capital appreciation outlook, and exit strategy considerations.
14
Pricing Analysis — Industrial
Pricing PSF INDICATIVE
S$1,424-S$1,511 psf
Unit Quantum INDICATIVE
From S$2.3M
Nearby Resale
~$1,4xx-$1,7xx psf (D13/D14 freehold)
Financing
No ABSD/SSD. Up to 90% LTV
GST
Payable, fully claimable upon TOP
Important: This is an industrial (B1) development. The 60:40 URA ruling applies — at least 60% of the total strata area must be sold to owner-occupiers, and units cannot be subdivided below 1,500 sqft. Residential financing rules do NOT apply. No ABSD, no SSD. GST is payable but claimable for GST-registered businesses. Industrial property financing differs significantly from residential — contact Emmeline for specific advice.
15
Pricing Analysis
Price psf [Indicative]
S$1,424-S$1,511 psf
Unit Size [Indicative]
1,658-2,695 sqft
Sample Quantum [Indicative]
~S$2.30M (1,615 sqft)
MRT [Marketed]
Mattar DT25 ~510m
Units [Confirmed]
54 prod + 5 canteen
Industrial property: Min 60% industrial use, ancillary max 40%. Subject to URA/JTC/MC approvals. Not for standalone office/retail/residential. GST applies. Financing and SSD rules differ from residential. [Disclaimer]