IndustrialBUSINESS 2LeaseholdDistrict 17 · Changi

60 Alps Avenue

Reviewed by Nathan TangUpdated 8 November 2026Data through Jun 2005

Quick Summary

60 Alps Avenue is a industrial building in District 17 · Changi, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 1.4. It is leasehold with roughly 74 years remaining. 1 transaction is on record since 1995, most recently in Jun 2005. ACRA records 0 live company registrations at this address.

The facts are here — now get the verdict on 60 Alps Avenue.

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What are the key facts about 60 Alps Avenue?

Key takeaway60 Alps Avenue is a industrial building in District 17 · Changi, zoned BUSINESS 2, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 2
Gross plot ratio: 1.4
Tenure: Leasehold
District / Area: District 17 · Changi
Address: 60 Alps Avenue
Land area: —
Completed: Not on record
Storeys: 4 (© OpenStreetMap contributors)
Owner: Mapletree Logistics Trust (SGX filings)
Net lettable area: 115,809 sq ft (the owner's annual report (as filed on SGX))
Estate (JTC): Airport Logistics Park of Singapore
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 0

Who owns 60 Alps Avenue, and what is it valued at?

Key takeaway60 Alps Avenue is owned by Mapletree Logistics Trust, 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.

Valued at S$7.9 million as at 31 Mar 2026, by Savills Valuation and Professional Services (S) Pte Ltd.

per Mapletree Logistics Trust's SGX filing, 30 Apr 2026

Earlier: S$8.9 million (31 Mar 2025) · S$9.9 million (31 Mar 2024) · S$10.5 million (31 Mar 2023)

60 Alps Avenue: Mapletree Logistics Trust's annual report (2025)

Occupancy: 100% (as of 31 Mar 2026)
Land tenure: 29/30 years(k)

per Mapletree Logistics Trust's annual report (SGX), 19 Jun 2026, page 117

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.

About 60 Alps Avenue

60 Alps Avenue is an industrial property in Changi (District 17). It is located along Alps Avenue, Singapore 498815.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 1.4. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 74 years left to run.

1 transaction has been recorded here, at a median of S$136 psf. The most recent was in June 2005.

Across JTC's rental returns for Alps Avenue, the median rent for industrial space on this street works out to about S$1.71 psf per month over 23 observations. Observed medians on the street span S$1.49 to S$2.06 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 94 m away. The closest bus stop (Menlo Worldwide) is 69 m away (about a 1-minute walk).

What is 60 Alps Avenue zoned as?

Key takeaway60 Alps Avenue sits on land zoned BUSINESS 2 with a gross plot ratio of 1.4.

Land-use zone: BUSINESS 2
Gross plot ratio: 1.4

Run the full zoning report for this building →

What has 60 Alps Avenue sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jun 2005 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Jun 2005	Single-user Factory	S$18.10M	133,300 sqft	$136

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

What does space at 60 Alps Avenue rent for?

Key takeawayNo rent is published for 60 Alps Avenue itself. On its street, Alps Avenue, strata factory space rented at a median of $2.00 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 Alps Avenue

Street level · 2026Q3

25th pct

—

— psm

Median

$2.00

$21.53 psm

75th pct

—

— psm

S$ per sq ft per month (median only published)

2023Q1 · $18.78 psm2026Q3 · $21.53 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.

Market context around 60 Alps Avenue

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.

What's been approved at 60 Alps Avenue?

Key takeawayURA has approved 1 change of use at 60 Alps Avenue since 2000, most recently in 2008. 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.

19 Jun 2008Approved
Change of use: warehouse → ancillary office
Proposed change of use from warehouse to ancillary office at 1st storey, and ancillary office to warehouse at 5th storey
9 Jul 2003Approved
Additions & alterations
Proposed additions and alterations to the existing 5-storey logistic hub

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).

What is near 60 Alps Avenue?

Amenities nearby

Menlo Worldwide · 69 mPort / Airport · 94 mSia Alh Clinic · 447 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 60 Alps Avenue

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Changi Airport, 2.6 km away. No public car park we hold is within 500 m; the nearest is Changi Beach Park Cp 6 (URA), 826 m away.

Foot traffic: busier than 22% of industrial buildings

no MRT/LRT within 1 km (nearest Changi Airport, 2.6 km); bus stops within 400 m: 5, about 1,107 taps a weekday; Changi: 63,747 resident workers (Census 2020, by workplace); about 0 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 1,107 boardings and alightings on an average weekday.

How many companies are registered at 60 Alps Avenue?

Key takeawayACRA records 0 live company registrations at this address.

Live registrations: 0
Registered last 3 years: 0

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$18.36 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$18.36 psm/mo
Observed range: S$15.99 – S$22.18

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.

Frequently asked questions about 60 Alps Avenue

Where is 60 Alps Avenue?⌄

60 Alps Avenue is at 60 Alps Avenue, Singapore 498815, in the Changi planning area.

What is 60 Alps Avenue zoned as?⌄

60 Alps Avenue is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 1.4. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

What kind of business can operate at 60 Alps Avenue?⌄

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 60 Alps Avenue?⌄

60 Alps Avenue is leasehold. About 74 years remain on the lease.

What have units at 60 Alps Avenue sold for?⌄

Across 1 recorded transaction, the median is S$136 psf. The latest was in June 2005.

What does industrial space near 60 Alps Avenue rent for?⌄

JTC's rental returns for Alps Avenue put the median at about S$1.71 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Alps Avenue, not a rent quoted for 60 Alps Avenue itself.

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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Owner: the REIT or SGX-listed company whose latest valuation notice or annual report lists this building (a later divestment removes it). '(N% interest)' or '(part of the strata)' when it holds less than the whole. A building with no listed owner shows none — a private owner is never named.

Net lettable area: as the owner's latest annual report prints it (sq m converted to sq ft where needed).

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Median across 2000Q1-2026Q2 — an all-time level, NOT a current rent. Quote the latest quarter for "what does it rent for now".

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from JTC estate boundaries, URA planning decisions, the owner's SGX filings, the owner's annual report (as filed on SGX), URA car park data (URA Data Service), PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Owners, valuations and deals: the owners' own filings on SGX (notices of valuation of real assets, acquisition and divestment announcements, annual reports), facts only, each with its date.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.