Harrison Food Building @ Tai Seng is targeting to operate in October 2024 providing a promising food factory for capital and also business owners. With a perfect combination of modern features, prime locale and “no ABSD” competitive edge, this regarded as a top-notch investment in the thriving Singapore food sector.
A shared global demand for food items ensures that there will be plenty of growth and profit to come, this makes the Harrison Food Building a potential investment for anybody who wish to ride this wave.
Nestled within the vibrant industrial neighbourhood of Tai Seng, Singapore, the Harrison Food Building is on its way to becoming one of Asia’s finest home for food manufacturing. With the rise in global food demand, facilities are emerging like that of the Harrison Food Building, uniquely built for the needs of the food industry.
Features of Harrison Food Building
Strategic Location in Tai Seng
The Harrison Food Building location is strategically situated in Tai Seng, one of Singapore’s most established industrial estates. This location offers seamless connectivity to key transportation networks, including the Pan Island Expressway (PIE), Kallang-Paya Lebar Expressway (KPE), and the Central Expressway (CTE). The proximity to Changi Airport and major seaports further enhances its logistical advantages, making it easier for businesses to manage both local distribution and international exports.
Purpose-Built for Food Production
The building is designed with the specific needs of food manufacturers in mind. It offers high ceilings, heavy floor loading capacities, and large production spaces that can accommodate a variety of food production processes. Additionally, the facility adheres to stringent food safety and hygiene standards, ensuring compliance with local and international regulations.
Advance Infrastructure
As a dedicated food facility Harrison Food Building features all of the necessary infrastructure for serious food processing businesses. These feature reliable power, new water supplies, and bespoke waste treatment for food production. The building also incorporates both temperature-controlled environments and cold storage facilities — a must-have for any business with perishable items on hand.
Flexibility in Layout
Recognizing that each food provider has specific spatial needs, the units of the Harrison Food Building are sized and arranged differently. This allows businesses to create their own unique space, whether a business needs larger production floors or smaller processing units, or even special areas for research and development.
Benefits of Purchasing Harrison Food Factory
Good Return on Investment (ROI)
Singapore’s food Industry is another sector with good ROI, as we all know everybody needs to eat and what has been produced locally will be demanded both in the local market as well overseas. A food factory like the Harrison Food Building represents a great high return investment opportunity. The property, with state-of-the-art amenities and prime location, is attracting a high number of businesses to the premises which bodes well for investors as there is always going to be a rental demand.
No ABSD
One of the selling features for investing in industrial properties such as Harrison Food Building is that there is no Additional Buyer’s Stamp Duty (ABSD)) involved. In contrast to residential property in Singapore, acquiring industrial properties will not attract additional ABSD which really helps lower the total expense of investment. Exempting it from that carve out points the Harrison Food Building as alluring to local and offshore investors, seeking a balance between geography tax considerations and capital efficiency.
Resilience and Growth of Food Factory
On a worldwide level, this sector has been growing at full throttle due to the overall population growth, urbanization and greater demand by consumers for all types of food solutions. In today’s market, Singapore could be considered a hotspot for trading spot gold and more— its geography appears in the area of many investments seeking to take advantage of gold price. Invest in the growth of this sector The Harrison Food Building offers investors an opportunity to participate in this booming space through a defensive investment into a market that continues to show no signs of slowing down.
Government Support and Incentives
The Singapore government provides a host of incentives for F&B businesses, ranging from grants through to tax rebates right down the scale to support for innovation and sustainability efforts. By investing in the Harrison Food Building, businesses can partake in these incentives driving up bottom-line profitability and enabling operational efficiencies.
