Irving Industrial Building (below), located at 3 Irving Road, off Upper Paya Lebar Road is up for collective sale by tender, with a price tag of $220 million. The freehold industrial white site has a land area of 65,309 sq ft and a maximum GFA of 228,600 sq ft, including 65,300 sq ft of retail and commercial space.

Freehold B1 sites in prime locations such as Tai Seng and Paya Lebar located close to a MRT station are “limited-edition properties”, according to Christina Sim, director of capital markets at Cushman & Wakefield, the appointed marketing agent for the tender exercise. Sim expects the tender to attract mid- to large-sized property developers given its location and rare white site zoning. The tender closes on July 15.