A rare freehold industrial food factory at 23 Playfair Road has been launched for sale at S$21 million, offering an exceptional opportunity for investors seeking high-quality industrial property in one of Singapore’s most tightly held zones. Freehold industrial assets—especially those approved for food production—have become increasingly scarce, and the release of this property has quickly drawn interest from buyers who recognise both its scarcity value and its long-term upside.
Located within the established Tai Seng Industrial Estate, the property sits in a precinct known for its strong ecosystem of logistics operators, distribution centres, tech-driven manufacturers and large-format food production facilities. The Tai Seng–Paya Lebar corridor has long been regarded as a resilient industrial cluster supported by excellent connectivity, including its proximity to Tai Seng MRT, the KPE and PIE, and convenient access to central Singapore. This makes 23 Playfair Road not just a food factory but a strategically positioned industrial property with enduring relevance.
Purpose-built industrial food facilities are notoriously difficult to develop today due to strict compliance standards, limited industrial land supply and rising construction costs. The existing infrastructure at Playfair Road—designed to support food preparation, processing and storage—gives the property a competitive edge over generic industrial units. Tenants in the food sector often require customised layouts and stringent approvals, and properties like this allow them to move in and operate with minimal downtime. This translates into stronger rental stickiness and higher occupancy certainty for investors.
The industrial food sector has also proven to be one of Singapore’s most defensive markets. Even during economic slowdowns, demand for food production and central kitchen operations remains steady. The expansion of cloud kitchens, e-commerce grocery platforms and F&B brands has only strengthened the demand for food-grade industrial space. As operators increasingly consolidate into high-efficiency central kitchens, well-located freehold assets like 23 Playfair Road are expected to remain in high demand for years to come.
One of the most compelling attributes of the property is its freehold tenure, a rarity in Singapore’s industrial real estate market, where most new industrial land parcels are released on 20–30 year leases. Freehold industrial properties provide long-term ownership certainty and greater strategic options, whether for redevelopment, long-term rental income or divestment. Investors, especially family offices and private equity groups, continue to prioritise freehold industrial assets because they offer both stability and the potential for capital gains.
The broader industrial property market has also been displaying resilience. Key industrial segments—including logistics facilities, high-spec buildings and specialised factories—have enjoyed healthy rental growth supported by resilient demand. Food factories, in particular, have outperformed due to their essential nature and limited supply. This places 23 Playfair Road firmly within one of the strongest industrial categories in Singapore today.
The surrounding area is also undergoing gradual uplift. Ongoing commercial enhancements within the Tai Seng–Paya Lebar region have improved the working environment, brought in new amenities and attracted more businesses. This revitalisation enhances the overall value of industrial assets within the precinct, further strengthening the investment appeal of the property.
Given its specifications, the S$21 million food factory is likely to attract a diverse pool of interested parties. These may include F&B groups planning to centralise their production capabilities, investors seeking stable industrial rental income, or corporates looking to secure long-term operational premises in a strategic location. The limited availability of freehold industrial property ensures that interest will be strong, particularly among buyers seeking defensive yet growth-ready assets.
As industrial real estate continues evolving with shifts in supply chains, food production trends and logistics demand, properties with specialised infrastructure and freehold tenure stand out. The listing at 23 Playfair Road brings together all the elements that define a premium industrial investment: scarcity, strategic location, food-grade facilities and long-term growth potential. For investors eyeing a future-proof foothold in Singapore’s industrial property market, this is one opportunity that will not go unnoticed.
