IndustrialBUSINESS PARKLeaseholdDistrict 5 · Queenstown

Fm Global Centre

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 2019

Quick Summary

Fm Global Centre is a industrial building in District 5 · Queenstown, on land zoned BUSINESS PARK under the URA Master Plan with a gross plot ratio of 1.2. It is leasehold with roughly 66 years remaining. 1 transaction is on record since 1995, most recently in Nov 2019. ACRA records 3 live company registrations at this address.

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

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What are the key facts about Fm Global Centre?

Key takeawayFm Global Centre is a industrial building in District 5 · Queenstown, zoned BUSINESS PARK, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS PARK
Gross plot ratio: 1.2
Tenure: Leasehold
District / Area: District 5 · Queenstown
Address: 288 Pasir Panjang Road
Land area: 9,678 sqm
Completed: 2018 (JTC industrial completions)
Storeys: Not on record
Developer: Singapore Science Park Ltd (JTC industrial completions)
Owner: CapitaLand Ascendas REIT (SGX filings)
Land lease expires: 2092 (the owner's annual report (as filed on SGX))
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 3

Who owns Fm Global Centre, and what is it valued at?

Key takeawayFm Global Centre 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$117.7 million as at 31 Dec 2025, by CBRE SG.

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

Earlier: S$109 million (31 Dec 2024) · S$105 million (31 Dec 2023) · S$101 million (31 Dec 2022)

FM Global Centre: CapitaLand Ascendas REIT's annual report (2025)

Occupancy: 100% (as of 31 Dec 2025)
Land lease expires: 23 Mar 2092

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 Fm Global Centre

Fm Global Centre is an industrial building in Queenstown (District 05). It is located along Pasir Panjang Road, Singapore 117369.

Under the URA Master Plan the site is zoned Business Park with a gross plot ratio of 1.2. Business Park zoning is for high-technology, R&D and knowledge-based activities rather than general industry.

The site is leasehold, with about 66 years left to run. It sits on about 9,678 sqm of land with roughly 11,613 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$874 psf. The most recent was in November 2019.

Across JTC's rental returns for Pasir Panjang Road, the median rent for industrial space on this street works out to about S$2.30 psf per month over 106 observations. Observed medians on the street span S$1.07 to S$3.50 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 424 m away. The closest business-park zone is about 0 m away. The nearest MRT is Haw Par Villa MRT, 440 m away (about a 7-minute walk). The closest bus stop (Gloria Mansion) is 35 m away (about a 0-minute walk).

3 businesses are currently registered at this address with ACRA.

What is Fm Global Centre zoned as?

Key takeawayFm Global Centre sits on land zoned BUSINESS PARK with a gross plot ratio of 1.2.

Land-use zone: BUSINESS PARK
Gross plot ratio: 1.2

Run the full zoning report for this building →

What has Fm Global Centre sold for?

Key takeaway1 transaction is on record since 1995, most recently in Nov 2019 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Nov 2019	Single-user Factory	S$91.00M	104,169 sqft	$874

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 Fm Global Centre rent for?

Key takeawayNo rent is published for Fm Global Centre itself. On its street, Pasir Panjang Road, strata factory space rented at a median of $3.55 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 Pasir Panjang Road

Street level · 2026Q3

25th pct

—

— psm

Median

$3.55

$38.21 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +1.4% on a year earlier

2023Q4 · $27.98 psm2026Q3 · $38.21 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 Fm Global Centre

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 - City Fringe: Rent S$6.15 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Business Park (City Fringe): Rent S$6.33 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.

How does Pasir Panjang Road price?

Key takeawayPasir Panjang Road's current JTC street rent is S$38.21 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 4.4% (3.9% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$1,021

Indicative street yield

4.4% gross

3.9% 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 near Fm Global Centre?

Key takeawayThe nearest MRT/LRT is Haw Par Villa MRT, about 440 m away.

Getting around

Haw Par Villa MRT440 m · ~7 min

Amenities nearby

Business Park · 0 mGloria Mansion · 35 mEducational Institution · 382 mHaw Par Villa MRT Exit A · 401 mPort / Airport · 424 mBL Medical Associates · 692 mNational University Hospital · 753 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Fm Global Centre

Key takeawayThe nearest station is Haw Par Villa (CC25), 401 m away — a moderately busy station, with about 15,000 taps in and out on an average weekday. No public car park we hold is within 500 m; the nearest is Pasir Panjang Rd - Sou Th Buona Vista Rd (URA), 1.0 km away, season S$90/month.

Foot traffic: busier than 87% of industrial buildings

nearest MRT/LRT Haw Par Villa (CC25) 401 m, about 15,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 13, about 8,891 taps a weekday; Queenstown: 131,782 resident workers (Census 2020, by workplace); about 4,968 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

Haw Par Villa (CC25)401 m · about 15,000 weekday taps
Kent Ridge (CC24)836 m · about 58,000 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 Fm Global Centre. Transfers between lines don't tap, so interchanges read low.

Bus

13 bus stops within 400 m, with 8,891 boardings and alightings on an average weekday.

Who's registered at Fm Global Centre?

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

Financial and insurance
2
Professional, scientific and technical services
1

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$24.76 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$24.76 psm/mo
Observed range: S$11.50 – S$37.67

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 Fm Global Centre

Where is Fm Global Centre?⌄

Fm Global Centre is at 288 Pasir Panjang Road, Singapore 117369, in the Queenstown planning area.

What is Fm Global Centre zoned as?⌄

Fm Global Centre is zoned Business Park under the URA Master Plan, with a gross plot ratio of 1.2. Business Park zoning is for high-technology, R&D and knowledge-based activities rather than general industry.

What is the tenure of Fm Global Centre?⌄

Fm Global Centre is leasehold. About 66 years remain on the lease.

What have units at Fm Global Centre sold for?⌄

Across 1 recorded transaction, the median is S$874 psf. The latest was in November 2019.

What does industrial space near Fm Global Centre rent for?⌄

JTC's rental returns for Pasir Panjang Road put the median at about S$2.30 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Pasir Panjang Road, not a rent quoted for Fm Global Centre itself.

What is the nearest MRT station to Fm Global Centre?⌄

Haw Par Villa MRT is the closest, 440 m away (about a 7-minute walk).

How many businesses are registered at Fm Global Centre?⌄

3 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: the first quarter JTC records a TOP (Temporary Occupation Permit) at this address. JTC lists major industrial projects (7,000 sqm and up) from 2013; where an older building stood on the site, this is the current building's year.

Developer: as named on JTC's completion record, often the project company rather than the listed group.

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.

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 industrial completions, the owner's SGX filings, the owner's annual report (as filed on SGX), 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.