IndustrialBUSINESS 2LeaseholdDistrict 20 · Serangoon

38 Ang Mo Kio Industrial Park 2

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2015
Quick Summary

38 Ang Mo Kio Industrial Park 2 is a industrial building in District 20 · Serangoon, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 15 years remaining. 1 transaction is on record since 1995, most recently in Dec 2015. 13 units are currently listed for sale or rent. ACRA records 28 live company registrations at this address.

1

What are the key facts about 38 Ang Mo Kio Industrial Park 2?

Key takeaway38 Ang Mo Kio Industrial Park 2 is a industrial building in District 20 · Serangoon, zoned BUSINESS 2, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS 2
Gross plot ratio
2.5
Tenure
Leasehold
District / Area
District 20 · Serangoon
Address
38 Ang Mo Kio Industrial Park 2
Land area
—
Completed
Not on record
Storeys
Not on record
Total units (CommercialGuru's count)
1
Estate (JTC)
Ang Mo Kio Industrial Park 2
Listed as
Light Industrial (B1), Warehouse, Factory / Workshop (B2)
Transactions on record
1 (records start 1995)
Live listings
13
ACRA registrations
28
2

What are the specs at 38 Ang Mo Kio Industrial Park 2?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.
Facilities
24-hour security
Source: CommercialGuru
3

About 38 Ang Mo Kio Industrial Park 2

38 Ang Mo Kio Industrial Park 2 is an industrial property in Serangoon (District 20). It is located along Ang Mo Kio Industrial Park 2, Singapore 569511.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 15 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$169 psf. The most recent was in December 2015.

Across JTC's rental returns for Ang Mo Kio Industrial Park 2, the median rent for industrial space on this street works out to about S$1.46 psf per month over 104 observations. Observed medians on the street span S$0.64 to S$2.27 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

The nearest port or airport land is about 3.1 km away. The closest business-park zone is about 4.6 km away. The closest bus stop (Bef Ang Mo Kio Ind Pk 2A) is 127 m away (about a 2-minute walk).

45 businesses are currently registered at this address with ACRA.

4

What is 38 Ang Mo Kio Industrial Park 2 zoned as?

Key takeaway38 Ang Mo Kio Industrial Park 2 sits on land zoned BUSINESS 2 with a gross plot ratio of 2.5.
Land-use zone
BUSINESS 2
Gross plot ratio
2.5

Run the full zoning report for this building →

5

What has 38 Ang Mo Kio Industrial Park 2 sold for?

Key takeaway1 transaction is on record since 1995, most recently in Dec 2015 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Dec 2015Single-user FactoryS$30.00M177,822 sqft$169

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

6

What does space at 38 Ang Mo Kio Industrial Park 2 rent for?

Key takeawayNo rent is published for 38 Ang Mo Kio Industrial Park 2 itself. On its street, Ang Mo Kio Industrial Park 2, strata factory space rented at a median of $2.19 psf a month in 2026Q3. That is not this building's own rent, and never a quote for a particular unit.

Strata factory space on Ang Mo Kio Industrial Park 2

Street level · 2026Q3
25th pct
—
— psm
Median
$2.19
$23.61 psm
75th pct
—
— psm

S$ per sq ft per month (median only published) · median +12.2% on a year earlier

2023Q4 · $19.67 psm2026Q3 · $23.61 psm median

This is the MEDIAN of JTC-published rents across leases on this street in the stated quarter, not the asking or contracted rent of any particular unit. Streets with too few leases are suppressed by JTC and appear as no value -- suppressed is not zero.

Source: JTC J-SPACE, rental of industrial space by street.

7

Market context around 38 Ang Mo Kio Industrial Park 2

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.

8

How fast units move at 38 Ang Mo Kio Industrial Park 2

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 12 units for rent; 1 unit for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 1 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.

9

What's been approved at 38 Ang Mo Kio Industrial Park 2?

Key takeawayURA has approved 1 change of use at 38 Ang Mo Kio Industrial Park 2 since 2000, most recently in 2017. 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. 11 Nov 2025Renewed
    Continued use as extension to the approved industrial canteen

    Continued open outdoor seating as an extension to the approved industrial canteen

  2. 5 Nov 2024Renewed
    Continued use as industrial canteen

    Continued use of the 1st storey warehouse as industrial canteen at the existing 2-storey building (annex building 1)

  3. 8 Apr 2021Approved
    Additions & alterations

    Proposed regularisation of gross floor area to existing self-storage warehouse with ancillary office on lot 08512c mk18 at 38 ang mo kio industrial park 2 (serangoon planning area)

  4. 17 Dec 2019Renewed
    Continued use as industrial canteen

    Continued use of the 1st storey warehouse as industrial canteen at the existing 2-storey building (annex building 1)

  5. 17 Dec 2019Renewed
    Continued use as extension to the approved industrial canteen

    Continued open outdoor seating as an extension to the approved industrial canteen

  6. 14 Mar 2018Approved
    Additions & alterations

    Proposed addition & alteration to existing annex building 1 of existing self-storage, warehouse with ancillary office on lot 08512c mk18 at 38 ang mo kio industrial park 2 (serangoon planning area)

  7. 26 May 2017Approved
    Change of use to extension to the approved industrial canteen

    Proposed open outdoor seating as an extension to the approved industrial canteen

  8. 25 Nov 2016Approved
    Additions & alterations

    Proposed change of use of 1st storey exisitng warehouse to industrial canteen cum addition of two goods lifts, one passenger lift, two metal canopies and external uncovered metal staircase to the existing self-storage warehouse with ancillary office on lot 08512c mk18 at 38 ang mo kio industrial park 2 (serangoon planning area)

  9. 5 Aug 2016Approved
    Additions & alterations

    Proposed additions/alterations cum change of use of existing single user general industrial factory to self-storage warehouse with ancillary office on lot 08512c mk18 at 38 ang mo kio industrial park 2 (serangoon planning area)

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).

10

How does Ang Mo Kio Industrial Park 2 price?

Key takeawayAng Mo Kio Industrial Park 2's current JTC street rent is S$23.61 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 11.6% (10.4% net of property tax).
Strata sales on the street (5y)
28
Street median PSF (strata)
$229
Indicative street yield
11.6% gross
10.4% net of property tax

An INDICATIVE street-level yield, not a yield for any particular unit: the current-quarter JTC street rent divided by the street's strata sale PSF median.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

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

11

What is available at 38 Ang Mo Kio Industrial Park 2 right now?

Key takeaway13 units are currently listed at 38 Ang Mo Kio Industrial Park 2 — 1 for sale and 12 for rent. One row per unit; several agents often market the same unit.

For sale (1)

  • Rare B2 Industrial Development at Ang Mo KioS$60.00M · 342,103 sqft

For rent (12)

  • 38 Ang Mo Kio Industrial Park 2, 569511S$4k/mo · 1,610 sqft
  • 38 Ang Mo Kio Industrial Park 2S$1k/mo · 335 sqft
  • 38 Ang Mo Kio Industrial Park 2S$413/mo · 80 sqft
  • 38 Ang Mo Kio Industrial Park 2S$29k/mo · 11,740 sqft

Browse every listing at this building →

12

What is near 38 Ang Mo Kio Industrial Park 2?

Amenities nearby

Bewell Clinic · 114 mBef Ang Mo Kio Ind Pk 2A · 127 mEducational Institution · 477 m

Straight-line distances. Source: PropKaki amenities data.

13

Getting there and parking at 38 Ang Mo Kio Industrial Park 2

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Ang Mo Kio, 1.9 km away. One public car park is within 500 m.
Foot traffic: busier than 66% of industrial buildings

no MRT/LRT within 1 km (nearest Ang Mo Kio, 1.9 km); bus stops within 400 m: 7, about 8,652 taps a weekday; Serangoon: 38,451 resident workers (Census 2020, by workplace); about 26,000 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

7 bus stops within 400 m, with 8,652 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Blk 5022 To 5095 Ang Mo Kio Industrial Park 2 (JTC)230 m
    no short-term parking

Nearest URA season parking: Service Rd (Jln Selase H), 1.3 km away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. 38 Ang Mo Kio Industrial Park 2's own car park, if it has one, and its charges are not in the open data.

14

Who's registered at 38 Ang Mo Kio Industrial Park 2?

Key takeaway28 live companies (and LLPs and branches; sole proprietors are not counted) list 38 Ang Mo Kio Industrial Park 2 as their registered address. These are registered businesses, not who occupies the space.
  • Wholesale and retail trade
    13
  • Manufacturing
    5
  • Construction
    3
  • Professional, scientific and technical services
    2
  • Arts, entertainment and recreation
    2
  • Information and communications
    1
  • Administrative and support services
    1
  • Accommodation and food services
    1
  • Transportation and storage
    0
  • Financial and insurance
    0

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.

15

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$15.70 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$15.70 psm/mo
Observed range
S$6.91 – S$24.40

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.

16

Frequently asked questions about 38 Ang Mo Kio Industrial Park 2

Where is 38 Ang Mo Kio Industrial Park 2?⌄

38 Ang Mo Kio Industrial Park 2 is at 38 Ang Mo Kio Industrial Park 2, Singapore 569511, in the Serangoon planning area.

What is 38 Ang Mo Kio Industrial Park 2 zoned as?⌄

38 Ang Mo Kio Industrial Park 2 is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

What kind of business can operate at 38 Ang Mo Kio Industrial Park 2?⌄

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 38 Ang Mo Kio Industrial Park 2?⌄

38 Ang Mo Kio Industrial Park 2 is leasehold. About 15 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at 38 Ang Mo Kio Industrial Park 2 sold for?⌄

Across 1 recorded transaction, the median is S$169 psf. The latest was in December 2015.

What does industrial space near 38 Ang Mo Kio Industrial Park 2 rent for?⌄

JTC's rental returns for Ang Mo Kio Industrial Park 2 put the median at about S$1.46 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Ang Mo Kio Industrial Park 2, not a rent quoted for 38 Ang Mo Kio Industrial Park 2 itself.

How many businesses are registered at 38 Ang Mo Kio Industrial Park 2?⌄

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

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