IndustrialBUSINESS PARKLeaseholdDistrict 22 · Jurong East

Acer Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Jan 2008

Quick Summary

Acer Building is a industrial building in District 22 · Jurong East, on land zoned BUSINESS PARK under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold. 1 transaction is on record since 1995, most recently in Jan 2008. ACRA records 3 live company registrations at this address.

The facts are here — now get the verdict on Acer Building.

Ask PropKaki

What are the key facts about Acer Building?

Key takeawayAcer Building is a industrial building in District 22 · Jurong East, zoned BUSINESS PARK, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS PARK
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 22 · Jurong East
Address: 29 International Business Park
Land area: 11,425 sqm
Completed: Not on record
Storeys: Not on record
Owner: CapitaLand Ascendas REIT (SGX filings)
Net lettable area: 242,801 sq ft (the owner's annual report (as filed on SGX))
Land lease expires: 2056 (the owner's annual report (as filed on SGX))
Estate (JTC): International Business Park
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 3

Who owns Acer Building, and what is it valued at?

Key takeawayAcer Building is owned by CapitaLand Ascendas 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.

Valued at S$63.8 million as at 31 Dec 2025, by Knight Frank.

per CapitaLand Ascendas REIT's SGX filing, 5 Feb 2026

Earlier: S$70.9 million (31 Dec 2024) · S$67.5 million (31 Dec 2023) · S$72.6 million (31 Dec 2022)

Acer Building: CapitaLand Ascendas REIT's annual report (2025)

Occupancy: 23% (as of 31 Dec 2025)
Land lease expires: 30 Apr 2056

per CapitaLand Ascendas REIT's annual report (SGX), 1 Apr 2026, page 107

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 Acer Building

Acer Building is an industrial building in Jurong East (District 22). It is located along International Business Park, Singapore 609923.

Under the URA Master Plan the site is zoned Business Park with a gross plot ratio of 2.5. Business Park zoning is for high-technology, R&D and knowledge-based activities rather than general industry.

The site is leasehold, with about 0 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 11,425 sqm of land with roughly 29,185 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$594 psf. The most recent was in January 2008.

Across JTC's rental returns for International Business Park, the median rent for industrial space on this street works out to about S$4.16 psf per month over 104 observations. Observed medians on the street span S$1.80 to S$4.83 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 2.9 km away. The closest business-park zone is about 0 m away. The nearest MRT is Jurong East MRT, 800 m away (about a 12-minute walk). The closest bus stop (Intl Business Pk) is 92 m away (about a 1-minute walk).

6 businesses are currently registered at this address with ACRA.

What is Acer Building zoned as?

Key takeawayAcer Building sits on land zoned BUSINESS PARK with a gross plot ratio of 2.5.

Land-use zone: BUSINESS PARK
Gross plot ratio: 2.5
Urban design area: Jurong Lake District Ud Area

Run the full zoning report for this building →

What has Acer Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jan 2008 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Jan 2008	Business Park	S$75.00M	126,279 sqft	$594

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 Acer Building rent for?

Key takeawayNo rent is published for Acer Building itself. On its street, International Business Park, strata factory space rented at a median of $4.63 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 International Business Park

Street level · 2026Q3

25th pct

—

— psm

Median

$4.63

$49.80 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median -0.3% on a year earlier

2023Q4 · $48.47 psm2026Q3 · $49.80 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 Acer Building

Key takeawayBrokers' business park figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

Business Park - Rest of Island: Rent S$3.55 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Business Park (Suburban): Rent S$3.55 psf/mth

Singapore Industrial MarketBeat Q2 2026

Official series (JTC, 2026Q3): Business Park occupancy (island-wide) 77.2% (+0.2 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 Acer Building?

Key takeawayURA has approved 4 changes of use at Acer Building since 2000, most recently in 2020. 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.

6 Sept 2022RenewedFloor 1
Continued use as industrial canteen
Continued use of units #01-XX & #01-XX as industrial canteen at acer building
18 Jun 2020ApprovedFloor 5
Change of use: business park → child day-care centre
Proposed change of use of units #05-XX, #05-XX, #05-XX & #05-XX from business park (production area) to child day-care centre at acer building
17 Oct 2019ApprovedFloor 1
Change of use to industrial canteen
Proposed change of use of units #01-XX & #01-XX to industrial canteen at acer building
8 Aug 2016Approved
Additions & alterations
Proposed additions & alterations to part basement/1st/2nd storey of existing acer building on lot 08567m& 08566c mk 5 at 29 international business park singapore 609923 (jurong east planning area)
11 Feb 2016Approved
Additions & alterations
Proposed amendment to approved additions & alterations to 1st/2nd/5t & 6th storey of existing acer building on lot 08567m& 08566c mk 5 at 29 international business park singapore 609923 (jurong east planning area)
15 Jul 2015Approved
Additions & alterations
Proposed additions & alterations to 1st/2nd/5t & 6th storey of existing acer building on lot 08567m& 08566c mk 5 at 29 international business park singapore 609923 (jurong east planning area)
24 Aug 2010ApprovedFloor 1
Change of use: office → ancillary child care centre
Proposed change of use of unit #01-XX from office to ancillary child care centre at existing acer building
19 Jan 2010Approved
Change of use to take-away foodshop
Proposed change of use of a corner of the entrance lobby on the 1st storey to take-away foodshop

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 Acer Building?

Key takeawayThe nearest MRT/LRT is Jurong East MRT, about 800 m away.

Getting around

Jurong East MRT800 m · ~13 min

Amenities nearby

Business Park · 0 mIntl Business Pk · 92 mBoston Medical · 335 mJurong Community Hospital · 629 mEducational Institution · 683 mJurong East MRT Exit B · 737 mBlk 37A Teban Gardens Road · 785 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Acer Building

Key takeawayThe nearest station is Jurong East (EW24 / NS1), 738 m away — one of the busiest stations, with about 144,000 taps in and out on an average weekday. No public car park we hold is within 500 m; the nearest is Boon Lay Way Hvp (URA), 514 m away; the nearest URA season parking is Teban Gardens Crescent, 727 m away (S$90/month).

Foot traffic: busier than 85% of industrial buildings

nearest MRT/LRT Jurong East (EW24/NS1) 738 m, about 144,000 taps a weekday; bus stops within 400 m: 5, about 3,900 taps a weekday; Jurong East: 62,478 resident workers (Census 2020, by workplace); about 11,000 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.

Stations within 1 km

Jurong East (EW24 / NS1)738 m · about 144,000 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to Acer Building. Transfers between lines don't tap, so interchanges read low.

Bus

5 bus stops within 400 m, with 3,900 boardings and alightings on an average weekday.

Who's registered at Acer Building?

Key takeaway3 live companies (and LLPs and branches; sole proprietors are not counted) list Acer Building as their registered address. These are registered businesses, not who occupies the space.

Administrative and support services
3
Wholesale and retail trade
0
Transportation and storage
0
Financial and insurance
0
Manufacturing
0
Information and communications
0
Construction
0
Accommodation and food services
0
Professional, scientific and technical services
0
Other 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.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$44.81 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$44.81 psm/mo
Observed range: S$19.38 – S$52.00

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 Acer Building

Where is Acer Building?⌄

Acer Building is at 29 International Business Park, Singapore 609923, in the Jurong East planning area.

What is Acer Building zoned as?⌄

Acer Building is zoned Business Park under the URA Master Plan, with a gross plot ratio of 2.5. Business Park zoning is for high-technology, R&D and knowledge-based activities rather than general industry.

What is the tenure of Acer Building?⌄

Acer Building is leasehold. About 0 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at Acer Building sold for?⌄

Across 1 recorded transaction, the median is S$594 psf. The latest was in January 2008.

What does industrial space near Acer Building rent for?⌄

JTC's rental returns for International Business Park put the median at about S$4.16 psf per month. That is a street-level figure from undated snapshots covering all industrial space on International Business Park, not a rent quoted for Acer Building itself.

What is the nearest MRT station to Acer Building?⌄

Jurong East MRT is the closest, 800 m away (about a 12-minute walk).

How many businesses are registered at Acer Building?⌄

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

For agents · in the PropKaki app

The facts are here — now get the verdict on Acer Building.

Ask what a unit here would fetch, what the zone allows, or how it compares.

Ask PropKaki Try on WhatsApp

PropKaki

Tell me about Acer Building — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…

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).

Land lease expiry: the year the owner's SGX filing prints for the land lease (state land; JTC for industrial).

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

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.

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.

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".

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), LTA DataMall passenger volumes, PropKaki's foot-traffic model — 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.