IndustrialBUSINESS 2LeaseholdDistrict 22 · Jurong East

48 Pandan Road

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 2019
Quick Summary

48 Pandan Road is a industrial building in District 22 · Jurong East, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 17 years remaining. 1 transaction is on record since 1995, most recently in Aug 2019. 2 units are currently listed for rent. ACRA records 36 live company registrations at this address.

1

What are the key facts about 48 Pandan Road?

Key takeaway48 Pandan Road is a industrial building in District 22 · Jurong East, zoned BUSINESS 2, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS 2
Gross plot ratio
2.5
Tenure
Leasehold
District / Area
District 22 · Jurong East
Address
48 Pandan Road
Land area
—
Completed
2016 (JTC industrial completions)
Storeys
6 (© OpenStreetMap contributors)
Developer
Poh Tiong Choon Logistics Limited (JTC industrial completions)
Owner
ESR REIT (SGX filings)
Estate (JTC)
Jurong Industrial Estate
Listed as
Warehouse
Transactions on record
1 (records start 1995)
Live listings
2
ACRA registrations
36
2

Who owns 48 Pandan Road, and what is it valued at?

Key takeaway48 Pandan Road is owned by ESR REIT, a REIT listed on SGX. The figures below come from its own SGX filings, each with its date. A valuation is an independent valuer's opinion for the owner's accounts, not a sale price.
Whole-building deals
  1. Announced 17 Jun 2019
    PTC Logistics Hub LLP bought Poh Tiong Choon Logistics Hub for S$225 million (purchase consideration) from Poh Tiong Choon Logistics Limited.

Source: the owners' own filings on SGX — notices of valuation of real assets, acquisition and divestment announcements, and annual reports. Facts only, each with its date; a valuation is not a sale price, and occupancy and WALE are as of the date shown. Only REITs and SGX-listed companies file these: a building with a private owner shows no owner here.

3

What are the specs at 48 Pandan Road?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.
Ramp-up
Yes
Source: listings in this building
  • Specs from listings are what at least two listings in this building advertise — not verified.
4

About 48 Pandan Road

48 Pandan Road is an industrial property in Jurong East (District 22). It is located along Pandan Road, Singapore 609289.

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 17 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$514 psf. The most recent was in August 2019.

Across JTC's rental returns for Pandan Road, the median rent for industrial space on this street works out to about S$1.32 psf per month over 15 observations. Observed medians on the street span S$0.25 to S$2.05 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 8,640 sqm of gross floor area, the earliest due around 2027.

The nearest port or airport land is about 1.7 km away. The closest business-park zone is about 2.6 km away. The closest bus stop (Transerve) is 174 m away (about a 3-minute walk).

38 businesses are currently registered at this address with ACRA.

5

What is 48 Pandan Road zoned as?

Key takeaway48 Pandan Road 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 →

6

What has 48 Pandan Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Aug 2019 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Aug 2019WarehouseS$225.00M437,373 sqft$514

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

7

Market context around 48 Pandan Road

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 48 Pandan Road

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 2 units for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 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.

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 48 Pandan Road?

Key takeawayURA has approved 1 change of use at 48 Pandan Road 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. 6 Apr 2026Renewed
    Change of use

    Continued use of temporary ancillary industrial canteen on the 1st storey of a block of 6-storey single user ramp-up warehouse building with ancillary office, rooftop parking and other ancillary facilities

  2. 12 Feb 2025RenewedFloor 1
    Continued use as ancillary workers' dormitory

    Continued use of ancillary office as ancillary workers' dormitory (47 workers) at unit #01-XX to existing single user warehouse development

  3. 14 May 2021Renewed
    Change of use

    Continued use of temporary ancillary industrial canteen on the 1st storey of a block of 6-storey single user ramp-up warehouse building with ancillary office, rooftop parking and other ancillary facilities

  4. 15 Jan 2020RenewedFloor 1
    Continued use as ancillary workers' dormitory

    Continued use of ancillary office as ancillary workers' dormitory (47 workers) at unit #01-XX to existing single user warehouse development

  5. 5 Jul 2018Renewed
    Change of use

    Continued use of temporary ancillary industrial canteen on the 1st storey of a block of 6-storey single user ramp-up warehouse building with ancillary office, rooftop parking and other ancillary facilities

  6. 10 Jan 2017ApprovedFloor 1
    Change of use: ancillary office → ancillary workers' dormitory use

    Proposed change of use from ancillary office to ancillary workers' dormitory use (47 workers) at unit #01-XX to existing single user warehouse development

  7. 4 Jan 2001Approved
    Additions & alterations

    Proposed 2 storey ancillary office extension to existing warehouse complex

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

What is available at 48 Pandan Road right now?

Key takeaway2 units are currently listed at 48 Pandan Road. One row per unit; several agents often market the same unit.

For rent (2)

  • Ramp up warehouse with good ventilationS$68k/mo · 40,000 sqft
  • Ramp Up Warehouse in PenjuruS$119k/mo · 66,380 sqft

Browse every listing at this building →

11

What is near 48 Pandan Road?

Amenities nearby

Transerve · 174 m

Straight-line distances. Source: PropKaki amenities data.

12

Getting there and parking at 48 Pandan Road

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Clementi, 2.5 km away. 3 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.
Foot traffic: busier than 44% of industrial buildings

no MRT/LRT within 1 km (nearest Clementi, 2.5 km); bus stops within 400 m: 5, about 1,028 taps a weekday; Jurong East: 62,478 resident workers (Census 2020, by workplace); about 2,607 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

5 bus stops within 400 m, with 1,028 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Pandan Road Area (URA)196 m
    season S$90/month
  • Pandan Ave (URA)353 m
    S$0.60 per half-hour at midday on a weekday · 13 car lots
  • Pandan Rd (URA)397 m
    S$0.60 per half-hour at midday on a weekday · 91 car lots

Public car parks only, by straight-line distance, with the operator's published rates. 48 Pandan Road's own car park, if it has one, and its charges are not in the open data.

13

Who's registered at 48 Pandan Road?

Key takeaway36 live companies (and LLPs and branches; sole proprietors are not counted) list 48 Pandan Road as their registered address. These are registered businesses, not who occupies the space.
  • Financial and insurance
    12
  • Wholesale and retail trade
    10
  • Transportation and storage
    7
  • Real estate
    3
  • Professional, scientific and technical services
    2
  • Administrative and support services
    1
  • Other services
    1
  • Information and communications
    0
  • Construction
    0
  • Accommodation and food services
    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.

14

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$14.26 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$14.26 psm/mo
Observed range
S$2.68 – S$22.03
Pipeline on this street
1 project · earliest TOP 2027

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.

15

Frequently asked questions about 48 Pandan Road

Where is 48 Pandan Road?⌄

48 Pandan Road is at 48 Pandan Road, Singapore 609289, in the Jurong East planning area.

What is 48 Pandan Road zoned as?⌄

48 Pandan Road 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 48 Pandan Road?⌄

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 48 Pandan Road?⌄

48 Pandan Road is leasehold. About 17 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at 48 Pandan Road sold for?⌄

Across 1 recorded transaction, the median is S$514 psf. The latest was in August 2019.

What does industrial space near 48 Pandan Road rent for?⌄

JTC's rental returns for Pandan Road put the median at about S$1.32 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Pandan Road, not a rent quoted for 48 Pandan Road itself.

How many businesses are registered at 48 Pandan Road?⌄

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

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