IndustrialBUSINESS 1FreeholdDistrict 3 · Bukit Merah

Henderson Industrial Park

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2026
Quick Summary

Henderson Industrial Park is a industrial building in District 3 · Bukit Merah, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is freehold. 133 transactions are on record since 1995, at a median S$531 psf, most recently in Oct 2026. 35 units are currently listed for sale or rent. ACRA records 271 live company registrations at this address.

1

What are the key facts about Henderson Industrial Park?

Key takeawayHenderson Industrial Park is a industrial building in District 3 · Bukit Merah, zoned BUSINESS 1, held freehold.
Asset class
Industrial
Land-use zone
BUSINESS 1
Gross plot ratio
2.5
Tenure
Freehold
District / Area
District 3 · Bukit Merah
Address
203 Henderson Road
Land area
13,980 sqm
Completed
Not on record
Storeys
12 (© OpenStreetMap contributors)
Units with a recorded sale
At least 81
Listed as
Light Industrial (B1), Warehouse
Transactions on record
133 (records start 1995)
Live listings
35
ACRA registrations
271
2

What are the specs at Henderson Industrial Park?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.
Facilities
car park
Source: CommercialGuru
3

About Henderson Industrial Park

Henderson Industrial Park is an industrial estate in Bukit Merah (District 03). It is located along Henderson Road, Singapore 159546.

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 freehold. It sits on about 13,980 sqm of land with roughly 34,951 sqm of gross floor area.

131 transactions have been recorded here, at a median of S$528 psf. The most recent was in July 2026.

Across JTC's rental returns for Henderson Road, the median rent for industrial space on this street works out to about S$1.80 psf per month over 106 observations. Observed medians on the street span S$0.86 to S$2.43 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 2.1 km away. The closest business-park zone is about 983 m away. The nearest MRT is Tiong Bahru MRT, 845 m away (about a 13-minute walk). The closest bus stop (Blk 119) is 138 m away (about a 2-minute walk).

317 businesses are currently registered at this address with ACRA.

4

What is Henderson Industrial Park zoned as?

Key takeawayHenderson Industrial Park 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 →

5

What has Henderson Industrial Park sold for?

Key takeawayAcross 133 recorded transactions since 1995, the median price is about S$1.75M, most recently in Oct 2026.
DateUsePriceAreaPSF
Oct 2026Multiple-user FactoryS$3.92M4,241 sqft$924
Aug 2026Multiple-user FactoryS$2.97M3,122 sqft$951
Jul 2026Multiple-user FactoryS$1.57M1,711 sqft$917
Oct 2025Multiple-user FactoryS$3.99M4,241 sqft$940
Jan 2025Multiple-user FactoryS$1.79M1,959 sqft$913
Nov 2023Multiple-user FactoryS$3.80M4,370 sqft$870
Aug 2023Multiple-user FactoryS$3.60M4,241 sqft$849
Jul 2023Multiple-user FactoryS$1.80M2,067 sqft$871
Feb 2023Multiple-user FactoryS$3.81M4,370 sqft$873
Oct 2022Multiple-user FactoryS$2.15M3,122 sqft$690

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

6

What does space at Henderson Industrial Park rent for?

Key takeawayJTC publishes leases at Henderson Industrial Park itself: strata factory space leased at a median of $2.08 psf a month in 2026Q3, with the middle half of leases between $2.00 and $2.33. 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
$2.00
$21.53 psm
Median
$2.08
$22.40 psm
75th pct
$2.33
$25.08 psm

S$ per sq ft per month · median +4% on a year earlier

2023Q4 · $24.84 psm2026Q3 · $22.40 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 Henderson Road

Street level · 2026Q3
25th pct
—
— psm
Median
$2.29
$24.67 psm
75th pct
—
— psm

S$ per sq ft per month (median only published) · median +4.3% on a year earlier

2023Q4 · $24.76 psm2026Q3 · $24.67 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.

7

Market context around Henderson Industrial Park

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 Henderson Industrial Park

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 20 units for rent; 15 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 3 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, 3 new listings 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.

9

What's been approved at Henderson Industrial Park?

Key takeawayURA has approved 4 changes of use at Henderson Industrial Park since 2000, most recently in 2023. 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. 8 Dec 2023ApprovedFloor 12
    Change of use to food factory

    Proposed change of use of part of #12-XX to food factory

  2. 3 Nov 2021ApprovedFloor 3
    Change of use to indoor agriculture farming with ancillary bottling & storage of liquor

    Proposed change of use of unit #03-XX to indoor agriculture farming with ancillary bottling & storage of liquor

  3. 3 May 2021ApprovedFloor 3
    Change of use to indoor agriculture farming

    Change of use of unit #03-XX to indoor agriculture farming at 203 henderson road (bukit merah planning area)

  4. 6 Jan 2015ApprovedFloor 4
    Change of use to warehouse

    Proposed change of use of existing canteen (unit #04-XX) to warehouse - no. 203

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

How does Henderson Road price?

Key takeawayHenderson Road's current JTC street rent is S$24.67 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 2.9% (2.6% net of property tax).
Strata sales on the street (5y)
79
Street median PSF (strata)
$920
Indicative street yield
2.9% gross
2.6% 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.

11

What is available at Henderson Industrial Park right now?

Key takeaway35 units are currently listed at Henderson Industrial Park — 15 for sale and 20 for rent. One row per unit; several agents often market the same unit.

For sale (15)

  • Henderson Industrial ParkS$4.20M · 4,252 sqft
  • Henderson Industrial ParkS$2.95M · 3,121 sqft
  • Henderson Industrial ParkS$3.00M · 3,122 sqft
  • Henderson Industrial ParkS$3.15M · 3,155 sqft

For rent (20)

  • Henderson Industrial ParkS$4k/mo · 2,125 sqft
  • Henderson Industrial ParkS$2k/mo · 753 sqft
  • Henderson Industrial ParkS$3k/mo · 800 sqft
  • Henderson Industrial ParkS$4k/mo · 1,800 sqft

Browse every listing at this building →

12

What is near Henderson Industrial Park?

Key takeawayThe nearest MRT/LRT is Tiong Bahru MRT, about 845 m away.

Getting around

Amenities nearby

Blk 119 · 138 mWhitecoat Medical · 344 mBlk 115 Bukit Merah View · 421 mEducational Institution · 504 mTiong Bahru MRT Exit A · 782 mBusiness Park · 983 m

Straight-line distances. Source: PropKaki amenities data.

13

Getting there and parking at Henderson Industrial Park

Key takeawayThe nearest station is Tiong Bahru (EW17), 782 m away — a busy station, with about 52,000 taps in and out on an average weekday. 16 public car parks are within 500 m.
Foot traffic: busier than 94% of industrial buildings

nearest MRT/LRT Tiong Bahru (EW17) 782 m, about 52,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 8, about 19,000 taps a weekday; Bukit Merah: 103,575 resident workers (Census 2020, by workplace); about 64,000 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

  • Tiong Bahru (EW17)782 m · about 52,000 weekday taps
  • Redhill (EW18)965 m · about 39,000 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 Henderson Industrial Park. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with about 19,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Blk 118/119 Bukit Merah View (HDB)215 m
    S$0.60 per half-hour at midday on a weekday · 89 car lots
  • Blk 121/122 & 127 Bukit Merah View (HDB)258 m
    S$0.60 per half-hour at midday on a weekday · 124 car lots
  • Blks 167-169 Jalan Bukit Merah (HDB)304 m
    S$0.60 per half-hour at midday on a weekday · gantry 1.9 m
  • Blk 129A Bukit Merah View (HDB)308 m
    S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 504 car lots
  • Blk 116 Bukit Merah View (HDB)323 m
    S$0.60 per half-hour at midday on a weekday · 26 car lots

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

Nearest URA season parking: Seah Im Rd Off St, 1.6 km away, S$125/month.

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

14

Who's registered at Henderson Industrial Park?

Key takeaway271 live companies (and LLPs and branches; sole proprietors are not counted) list Henderson Industrial Park as their registered address. These are registered businesses, not who occupies the space.
  • Wholesale and retail trade
    90
  • Professional, scientific and technical services
    39
  • Manufacturing
    32
  • Construction
    22
  • Financial and insurance
    21
  • Information and communications
    21
  • Administrative and support services
    16
  • Accommodation and food services
    13
  • Real estate
    10
  • Transportation and storage
    2

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.

15

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$19.37 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$19.37 psm/mo
Observed range
S$9.23 – S$26.14

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.

16

Frequently asked questions about Henderson Industrial Park

Where is Henderson Industrial Park?⌄

Henderson Industrial Park is at 203 Henderson Road, Singapore 159546, in the Bukit Merah planning area.

What is Henderson Industrial Park zoned as?⌄

Henderson Industrial Park 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 Henderson Industrial Park?⌄

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 Henderson Industrial Park?⌄

Henderson Industrial Park is freehold.

What have units at Henderson Industrial Park sold for?⌄

Across 131 recorded transactions, the median is S$528 psf. The latest was in July 2026.

What does industrial space near Henderson Industrial Park rent for?⌄

JTC's rental returns for Henderson Road put the median at about S$1.80 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Henderson Road, not a rent quoted for Henderson Industrial Park itself.

What is the nearest MRT station to Henderson Industrial Park?⌄

Tiong Bahru MRT is the closest, 845 m away (about a 13-minute walk).

How many businesses are registered at Henderson Industrial Park?⌄

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

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