IndustrialBUSINESS 2LeaseholdDistrict 22 · Boon Lay

15 Tukang Innovation Drive

Reviewed by Nathan TangUpdated 8 November 2026Data through Mar 2021
Quick Summary

15 Tukang Innovation Drive is a industrial building in District 22 · Boon Lay, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.0. It is leasehold with roughly 10 years remaining. 1 transaction is on record since 1995, most recently in Mar 2021. 5 units are currently listed for sale or rent. ACRA records 2 live company registrations at this address.

1

What are the key facts about 15 Tukang Innovation Drive?

Key takeaway15 Tukang Innovation Drive is a industrial building in District 22 · Boon Lay, zoned BUSINESS 2, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS 2
Gross plot ratio
2.0
Tenure
Leasehold
District / Area
District 22 · Boon Lay
Address
15 Tukang Innovation Drive
Land area
—
Completed
Not on record
Storeys
4 (© OpenStreetMap contributors)
Estate (JTC)
Tukang Innovation Park
Listed as
Factory / Workshop (B2)
Transactions on record
1 (records start 1995)
Live listings
5
ACRA registrations
2
2

About 15 Tukang Innovation Drive

15 Tukang Innovation Drive is an industrial property in Boon Lay (District 22). It is located along Tukang Innovation Drive, Singapore 618299.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 10 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase.

1 transaction has been recorded here, at a median of S$76 psf. The most recent was in March 2021.

Across JTC's rental returns for Tukang Innovation Drive, the median rent for industrial space on this street works out to about S$1.60 psf per month over 1 observations. Observed medians on the street span S$1.60 to S$1.60 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

1 industrial project is still uncompleted on this street, adding about 46,720 sqm of gross floor area, the earliest due around 2029.

The nearest port or airport land is about 1.0 km away. The closest business-park zone is about 3.1 km away. The closest bus stop (Bef Tukang Innovation Lane) is 410 m away (about a 6-minute walk).

2 businesses are currently registered at this address with ACRA.

3

What is 15 Tukang Innovation Drive zoned as?

Key takeaway15 Tukang Innovation Drive sits on land zoned BUSINESS 2 with a gross plot ratio of 2.0.
Land-use zone
BUSINESS 2
Gross plot ratio
2.0

Run the full zoning report for this building →

4

What has 15 Tukang Innovation Drive sold for?

Key takeaway1 transaction is on record since 1995, most recently in Mar 2021 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Mar 2021Single-user FactoryS$14.00M185,399 sqft$76

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter

5

Market context around 15 Tukang Innovation Drive

Key takeawayBrokers' industrial figures for Singapore as a whole — a broker's market figure, not this building's rent.
CBRE, 2Q 2026 (island-wide)
  • Factory (ground floor): Rent S$1.81 psf/mth
  • Factory (upper floor): Rent S$1.41 psf/mth
  • Prime logistics: Rent S$1.87 psf/mth · Capital value S$245 psf · Net yield 6.5%
  • Warehouse (ground floor): Rent S$1.91 psf/mth
  • Warehouse (upper floor): Rent S$1.39 psf/mth
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026 (island-wide)
  • Factory - Ground Floor: Rent S$1.79 psf/mth
  • Factory - Upper Floor: Rent S$1.57 psf/mth
  • High-Tech: Rent S$3.56 psf/mth
  • Prime Logistics - Ground Floor: Rent S$1.92 psf/mth
  • Prime Logistics - Upper Floor: Rent S$1.74 psf/mth
  • Warehouse - Ground Floor: Rent S$1.81 psf/mth
  • Warehouse - Upper Floor: Rent S$1.49 psf/mth
Singapore Industrial MarketBeat Q2 2026

Official series (JTC, 2026Q3): Multiple-User Factory occupancy (island-wide) 90.3% (-0.7 pp on the year) · Single-User Factory occupancy (island-wide) 89.1% (0 pp on the year) · Warehouse occupancy (island-wide) 89.7% (+0.1 pp on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

6

How fast units move at 15 Tukang Innovation Drive

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit for rent; 4 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

7

What's been approved at 15 Tukang Innovation Drive?

Key takeawayURA's planning decisions at 15 Tukang Innovation Drive since 2000 are below. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.
  1. 22 Jun 2023Approved
    Additions & alterations

    Proposed amendment to approved additions and alterations to the existing 4-storey single-user industrial development with ancillary office, industrial canteen and ancillary facilities on lot 04256c mk06 at 15 tukang innovation drive singapore 618299 (boon lay planning area)

  2. 1 Nov 2022Approved
    Additions & alterations

    Proposed additions and alterations to the existing 4-storey single-user industrial development with ancillary office, industrial canteen and ancillary facilities on lot 04256c mk06 at 15 tukang innovation drive singapore 618299 (boon lay planning area)

  3. 8 May 2013Approved
    Additions & alterations

    Proposed additions and alterations to existing 4th level at existing part single/part 4-storey single user factory

  4. 6 Dec 2012Agency works
    Additions & alterations

    Proposed storage of acetylene and oxygen cylinders ( 2 pallets ) to existing part single / part 4-storey single user factory

  5. 30 Aug 2012Approved
    Additions & alterations

    Proposed additions & alterations to existing part single/part 4-storey single user factory involve increase of gfa and conversion of the production area to ancillary office use on the 3rd storey

  6. 25 Jul 2012Approved
    Additions & alterations

    Proposed additions & alterations to existing part single / part 4 storey single user factory involving 125 / 25t crane installation

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

8

How does Tukang Innovation Drive price?

Key takeawayAcross 122 strata sales on Tukang Innovation Drive in the last 5 years, the median is $608 psf.
Strata sales on the street (5y)
122
Street median PSF (strata)
$608

Street figures cover strata deals only — land and strata PSF are not comparable.

9

What is available at 15 Tukang Innovation Drive right now?

Key takeaway5 units are currently listed at 15 Tukang Innovation Drive — 4 for sale and 1 for rent. One row per unit; several agents often market the same unit.

For sale (4)

  • 15 Tukang Innovation Drive, 618299S$920k · 1,625 sqft
  • 15 Tukang Innovation Drive, 618299S$2.49M · 5,005 sqft
  • 15 Tukang Innovation Drive, 618299S$891k · 1,711 sqft
  • 15 Tukang Innovation Drive, 618299S$842k · 1,615 sqft

For rent (1)

  • Ramp Up + High Ceiling + Attached Toilet2 agentsS$4k/mo · 1,750 sqft

Browse every listing at this building →

10

What is near 15 Tukang Innovation Drive?

Amenities nearby

Bef Tukang Innovation Lane · 410 mShenton Medical Group · 423 mPort / Airport · 1.0 kmEducational Institution · 1.1 km

Straight-line distances. Source: PropKaki amenities data.

11

Getting there and parking at 15 Tukang Innovation Drive

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Boon Lay, 1.9 km away. 2 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.
Foot traffic: busier than 16% of industrial buildings

no MRT/LRT within 1 km (nearest Boon Lay, 1.9 km); no bus stop within 400 m; Boon Lay: 19,300 resident workers (Census 2020, by workplace); about 4,902 residents within 1 km (June 2026). Ranked against 8,225 industrial buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around), not a count of people.

Bus

No bus stop within 400 m.

Public car parks within 500 m

  • Chin Bee Road Area (URA)393 m
    season S$90/month
  • Jln Tukang (URA)421 m
    S$0.60 per half-hour at midday on a weekday · 31 car lots

Public car parks only, by straight-line distance, with the operator's published rates. 15 Tukang Innovation Drive's own car park, if it has one, and its charges are not in the open data.

12

Who's registered at 15 Tukang Innovation Drive?

Key takeaway2 live companies (and LLPs and branches; sole proprietors are not counted) list 15 Tukang Innovation Drive as their registered address. These are registered businesses, not who occupies the space.
  • Manufacturing
    1
  • Wholesale and retail trade
    1

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. ACRA, as of 2026-09-16.

13

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$17.22 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$17.22 psm/mo
Observed range
S$17.22 – S$17.22
Pipeline on this street
1 project · earliest TOP 2029

JTC street medians span 2000 to today and are an all-time level, not today's asking rent; the forward pipeline is a forecast, not committed completions.

14

Frequently asked questions about 15 Tukang Innovation Drive

Where is 15 Tukang Innovation Drive?⌄

15 Tukang Innovation Drive is at 15 Tukang Innovation Drive, Singapore 618299, in the Boon Lay planning area.

What is 15 Tukang Innovation Drive zoned as?⌄

15 Tukang Innovation Drive is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 2. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

What kind of business can operate at 15 Tukang Innovation Drive?⌄

Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of 15 Tukang Innovation Drive?⌄

15 Tukang Innovation Drive is leasehold. About 10 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at 15 Tukang Innovation Drive sold for?⌄

Across 1 recorded transaction, the median is S$76 psf. The latest was in March 2021.

What does industrial space near 15 Tukang Innovation Drive rent for?⌄

JTC's rental returns for Tukang Innovation Drive put the median at about S$1.60 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Tukang Innovation Drive, not a rent quoted for 15 Tukang Innovation Drive itself.

How many businesses are registered at 15 Tukang Innovation Drive?⌄

2 businesses are currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.

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