HupSteel

[paullow]

a similar bare unit warehouse at 63kim chuan drive 6200sf is going for 6.3m. so i would estimate the freehold land is at least 800psf, making it worth around 26m. the genting lane 8storey building is more prime as it is closer to the city. it has a high plot ratio that it not maximised. the freehold land there is worth at least 20m. these 2plots cld be worth 45m. 2 jalan besar shphse say 3m each. plus shoplets in hoe nam. all in all these freehold assets cld be worth in excess of 50m.
with current market cap of 115m, i wouldn't say its small. it is nearly half of its market cap.