IndustrialBUSINESS 1LeaseholdDistrict 19 · Serangoon

First Centre

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2026

Quick Summary

First Centre is a industrial building in District 19 · Serangoon, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 41 years remaining. 286 transactions are on record since 1995, at a median S$296 psf, most recently in Oct 2026. 21 units are currently listed for sale or rent. ACRA records 332 live company registrations at this address.

The facts are here — now get the verdict on First Centre.

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What are the key facts about First Centre?

Key takeawayFirst Centre is a industrial building in District 19 · Serangoon, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 19 · Serangoon
Address: 50 Serangoon North Avenue 4
Land area: 9,459 sqm
Completed: 2009 (per EdgeProp)
Storeys: 7 (© OpenStreetMap contributors)
Strata units (MCST): 191
Managing agent: INTEGRATION MANAGEMENT & SERVICES PTE LTD
Strata formed: 2010 (MCST 3579)
Estate (JTC): Serangoon North Industrial Estate
Units with a recorded sale: At least 160
Listed as: Light Industrial (B1), Factory / Workshop (B2)
Transactions on record: 286 (records start 1995)
Live listings: 21
ACRA registrations: 332

About First Centre

First Centre is an industrial building in Serangoon (District 19). It is located along Serangoon North Avenue 4, Singapore 555856.

Under the URA Master Plan the site is zoned Business 1 with a gross plot ratio of 2.5. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

The site is leasehold, with about 41 years left to run. It sits on about 9,459 sqm of land with roughly 14,292 sqm of gross floor area.

282 transactions have been recorded here, at a median of S$293 psf. The most recent was in August 2026.

Across JTC's rental returns for Serangoon North Avenue 4, the median rent for industrial space on this street works out to about S$1.95 psf per month over 69 observations. Observed medians on the street span S$1.14 to S$3.01 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 3.5 km away. The closest business-park zone is about 4.0 km away. The closest bus stop (Opp Blk 953) is 86 m away (about a 1-minute walk).

423 businesses are currently registered at this address with ACRA.

What is First Centre zoned as?

Key takeawayFirst Centre sits on land zoned BUSINESS 1 with a gross plot ratio of 2.5.

Land-use zone: BUSINESS 1
Gross plot ratio: 2.5

Run the full zoning report for this building →

What has First Centre sold for?

Key takeawayAcross 286 recorded transactions since 1995, the median price is about S$365k, most recently in Oct 2026.

Date	Use	Price	Area	PSF
Oct 2026	Multiple-user Factory	S$900k	1,302 sqft	$691
Sept 2026	Multiple-user Factory	S$895k	1,378 sqft	$650
Aug 2026	Multiple-user Factory	S$826k	1,356 sqft	$609
Aug 2026	Multiple-user Factory	S$758k	1,356 sqft	$559
Aug 2026	Multiple-user Factory	S$900k	1,572 sqft	$573
Apr 2026	Multiple-user Factory	S$925k	1,572 sqft	$589
Nov 2025	Multiple-user Factory	S$800k	1,389 sqft	$576
Nov 2025	Multiple-user Factory	S$830k	1,098 sqft	$756
Nov 2025	Multiple-user Factory	S$888k	1,335 sqft	$665
Aug 2025	Multiple-user Factory	S$841k	1,335 sqft	$630

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 First Centre rent for?

Key takeawayJTC publishes leases at First Centre itself: strata factory space leased at a median of $2.67 psf a month in 2026Q3, with the middle half of leases between $2.19 and $2.90. That is the building's figure across its leases, and never a quote for a particular unit.

Strata factory space in this building

This building · 2026Q3

25th pct

$2.19

$23.54 psm

Median

$2.67

$28.69 psm

75th pct

$2.90

$31.26 psm

S$ per sq ft per month · median +5.3% on a year earlier

2023Q4 · $35.05 psm2026Q3 · $28.69 psm median

JTC's percentiles of the gross rent declared to IRAS for strata factory units leased in THIS building in the stated quarter (J-SPACE). It is the building's figure across its leases, not any one unit's rent; a unit's floor, size and fit-out move it. '*' quarters (too few leases) are absent, not zero.

Source: JTC J-SPACE, rentals of strata-titled multiple-user factories.

Strata factory space on Serangoon North Avenue 4

Street level · 2026Q3

25th pct

—

— psm

Median

$2.81

$30.23 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +3.6% on a year earlier

2023Q4 · $30.82 psm2026Q3 · $30.23 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 First Centre

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.

How fast units move at First Centre

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 10 units for rent; 11 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 5 new listings appeared and 3 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, 1 new listing appeared and 2 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.

What's been approved at First Centre?

Key takeawayURA has approved 3 changes of use at First Centre since 2000, most recently in 2016. 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.

8 Dec 2021Approved
Additions & alterations
Proposed temporary installation of container office at first storey lorry parking area of existing 10 storey multiple-user industrial development on lot 16716w (plot a23450000) mk 18 at serangoon north avenue 4/ avenue 5/ yio chu kang road (serangoon planning area)
23 Sept 2020ApprovedFloors 6, 7
Additions & alterations
Proposed additions & alterations works at level 6 (unit #06-XX) and level 7 (units #07-XX, #07-XX) of existing 10-storey multiple-user industrial development on lot 16716w mk18 at 50 serangoon north avenue 4 (serangoon planning area)
2 Feb 2018ApprovedFloors 6, 7
Additions & alterations
Extension of writter permission for proposed additions & alterations works at level 6 (unit #06-XX) and level 7 (units #07-XX, #07-XX) of existing 10-storey multiple-user industrial development on lot 16716w mk18 at 50 serangoon north avenue 4 (serangoon planning area)
2 Dec 2017ApprovedFloor 7
Additions & alterations
Proposed additions & alterations works at part level 7 (units #07-XX) of existing 10-storey multiple-user industrial development on lot 16716w mk18 at 50 serangoon north avenue 4 (serangoon planning area)
27 Jun 2017ApprovedFloor 6
Additions & alterations
Proposed additions & alterations works at part level 6 (unit #06-XX & unit #06-XX) of existing 10-storey multiple-user industrial development on lot 16716w mk18 at 50 serangoon north avenue 4 (serangoon planning area)
14 Mar 2016ApprovedFloor 9
Change of use to warehouse
Proposed change of use of factory unit #09-XX to warehouse
15 Dec 2015ApprovedFloor 4
Additions & alterations
Retention of additions/alterations to unit #04-XX of the existing 10-storey multi-user industrial building
14 Dec 2015Approved
Additions & alterations
Retention to addition/alteration to unit 04-01 of the existing 10-storey multi-user industrial building
27 Nov 2015ApprovedFloors 6, 7
Additions & alterations
Proposed amendment (for unit #06-XX only) to the approved additions & alterations works at level 6 (unit #06-XX) and level 7 (units #07-XX, #07-XX) of existing 10-storey multiple-user industrial development on lot 16716w mk18 at 50 serangoon north avenue 4 (serangoon planning area)
27 Nov 2015ApprovedFloor 4
Additions & alterations
Retention of addition and alteration to unit #04-XX of the existing 10-storey multi-user industrial building
17 Nov 2015ApprovedFloor 9
Change of use to warehouse
Proposed change of use of factory unit #09-XX to warehouse at 50 serangoon north avenue 4 (serangoon planning area)
5 Nov 2015ApprovedFloor 6
Additions & alterations
Proposed amendment to the approved additions & alterations works at part level 6 (unit #06-XX & unit #06-XX) of existing 10-storey multiple-user industrial development on lot 16716w mk18 at 50 serangoon north avenue 4 (serangoon planning area)

8 earlier change-of-use and A&A decisions are on record since 2000.

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).

How does Serangoon North Avenue 4 price?

Key takeawaySerangoon North Avenue 4's current JTC street rent is S$30.23 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 5.6% (5.0% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$555

Indicative street yield

5.6% gross

5.0% 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.

What is available at First Centre right now?

Key takeaway21 units are currently listed at First Centre — 11 for sale and 10 for rent. One row per unit; several agents often market the same unit.

For sale (11)

First CentreS$1.20M · 1,905 sqft
First Centre2 agentsS$1000k · 1,572 sqft
First Centre2 agentsS$1.20M · 1,905 sqft
First Centre2 agentsS$1.45M · 1,668 sqft

For rent (10)

First CentreS$4k/mo · 1,216 sqft
First CentreS$3k/mo · 797 sqft
First Centre2 agentsS$4k/mo · 1,572 sqft
First Centre4 agentsS$4k/mo · 1,528 sqft

Browse every listing at this building →

What is near First Centre?

Amenities nearby

Opp Blk 953 · 86 mDedicare Medical Practice & Surgery @ Hougang · 143 mEducational Institution · 256 mCi Yuan Hawker Centre · 747 mInstitute of Mental Health · 1.2 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at First Centre

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Hougang, 1.8 km away. 11 public car parks are within 500 m.

Foot traffic: busier than 72% of industrial buildings

no MRT/LRT within 1 km (nearest Hougang, 1.8 km); bus stops within 400 m: 14, about 34,000 taps a weekday; Serangoon: 38,451 resident workers (Census 2020, by workplace); about 62,000 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

14 bus stops within 400 m, with about 34,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 504A Serangoon North Avenue 4 (HDB)179 m
S$0.60 per half-hour at midday on a weekday · gantry 2 m · 450 car lots
Blk 955A Hougang Avenue 9 (HDB)189 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 778 car lots
Blk 531/536 Serangoon North Avenue 4 (HDB)234 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 270 car lots
Blk 500/506B Serangoon North Avenue 4 (HDB)265 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 224 car lots
Blk 966A Hougang Avenue 9 (HDB)322 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 784 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Service Rd (Jln Kelulu T), 863 m away, S$90/month.

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

Who's registered at First Centre?

Key takeaway332 live companies (and LLPs and branches; sole proprietors are not counted) list First Centre as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
87
Construction
62
Professional, scientific and technical services
39
Other services
24
Administrative and support services
18
Information and communications
16
Manufacturing
16
Accommodation and food services
15
Arts, entertainment and recreation
15
Transportation and storage
13

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$20.94 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$20.94 psm/mo
Observed range: S$12.26 – S$32.36

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 First Centre

Where is First Centre?⌄

First Centre is at 50 Serangoon North Avenue 4, Singapore 555856, in the Serangoon planning area.

What is First Centre zoned as?⌄

First Centre is zoned Business 1 under the URA Master Plan, with a gross plot ratio of 2.5. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

What kind of business can operate at First Centre?⌄

Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of First Centre?⌄

First Centre is leasehold. About 41 years remain on the lease.

What have units at First Centre sold for?⌄

Across 282 recorded transactions, the median is S$293 psf. The latest was in August 2026.

What does industrial space near First Centre rent for?⌄

JTC's rental returns for Serangoon North Avenue 4 put the median at about S$1.95 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Serangoon North Avenue 4, not a rent quoted for First Centre itself.

How many businesses are registered at First Centre?⌄

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

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Read the figures right

Completion year: as EdgeProp states it, not checked against an official record. Sales records start in 1995, which says nothing about when a building was built.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

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.

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".

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 EdgeProp, BCA's MCST register, JTC estate boundaries, URA planning decisions, HDB car park information (data.gov.sg), PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

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.