IndustrialBUSINESS 1LeaseholdDistrict 12 · Kallang

I Development Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 2025

Quick Summary

I Development Building is a industrial building in District 12 · Kallang, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 38 years remaining. 2 transactions are on record since 1995, most recently in Aug 2025. ACRA records 6 live company registrations at this address.

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

Ask PropKaki

What are the key facts about I Development Building?

Key takeawayI Development Building is a industrial building in District 12 · Kallang, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 12 · Kallang
Address: 62 Bendemeer Road
Land area: 470 sqm
Completed: 2015 (JTC industrial completions)
Storeys: 7 (© OpenStreetMap contributors)
Developer: I Development (Commercial) Pte Ltd (JTC industrial completions)
Estate (JTC): Kallang Basin Industrial Estate
Transactions on record: 2 (records start 1995)
Live listings: None
ACRA registrations: 6

About I Development Building

I Development Building is an industrial building in Kallang (District 12). It is located along Bendemeer Road, Singapore 339939.

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 38 years left to run. It sits on about 470 sqm of land with roughly 1,176 sqm of gross floor area.

2 transactions have been recorded here, at a median of S$1,399 psf. The most recent was in August 2025.

Across JTC's rental returns for Bendemeer Road, the median rent for industrial space on this street works out to about S$2.87 psf per month over 78 observations. Observed medians on the street span S$1.20 to S$4.00 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 4.9 km away. The closest business-park zone is about 3.8 km away. The nearest MRT is Bendemeer MRT, 270 m away (about a 4-minute walk). The closest bus stop (Bef Lavender St) is 122 m away (about a 2-minute walk).

3 businesses are currently registered at this address with ACRA.

What is I Development Building zoned as?

Key takeawayI Development Building 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 I Development Building sold for?

Key takeaway2 transactions are on record since 1995, most recently in Aug 2025 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Aug 2025	Warehouse	S$11.30M	5,064 sqft	$2,231
Mar 2011	Single-user Factory	S$3.30M	5,819 sqft	$567

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 I Development Building rent for?

Key takeawayNo rent is published for I Development Building itself. On its street, Bendemeer Road, strata factory space rented at a median of $4.27 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 Bendemeer Road

Street level · 2026Q3

25th pct

—

— psm

Median

$4.27

$46.01 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +14% on a year earlier

2023Q4 · $35.17 psm2026Q3 · $46.01 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 I Development Building

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 I Development Building?

Key takeawayURA has approved 2 changes of use at I Development Building since 2000, most recently in 2026. 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.

13 Jul 2026Approved
Change of use to e-business on the 2nd, 3rd, 4th and 5th storey with ancillary supporting office
Proposed change of use to e-business on the 2nd, 3rd, 4th and 5th storey with ancillary supporting office use on the 6th and 7th storey at gma building
14 May 2015ApprovedFloor 4
Change of use to e-business use
Proposed change of use of light industrial unit #04-XX to e-business use (software development)

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 Bendemeer Road price?

Strata sales on the street (5y)

Too few strata sales on this street to support a median — the count is shown without one.

Street figures cover strata deals only — land and strata PSF are not comparable.

What is near I Development Building?

Key takeawayThe nearest MRT/LRT is Bendemeer MRT, about 270 m away.

Getting around

Bendemeer MRT270 m · ~4 min

Amenities nearby

Bef Lavender St · 122 mBendemeer MRT Exit A · 254 mTrinity Mediplus (Lavender) · 295 mBlk 29 Bendemeer Road · 369 mEducational Institution · 705 mFarrer Park Hospital · 1.0 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at I Development Building

Key takeawayThe nearest station is Bendemeer (DT23), 254 m away — a quiet station, with about 11,000 taps in and out on an average weekday. 22 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 99% of industrial buildings

nearest MRT/LRT Bendemeer (DT23) 254 m, about 11,000 taps a weekday; 3 more stations within 1 km; bus stops within 400 m: 11, about 23,000 taps a weekday; Kallang: 63,333 resident workers (Census 2020, by workplace); about 46,000 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

Bendemeer (DT23)254 m · about 11,000 weekday taps
Boon Keng (NE9)275 m · about 51,000 weekday taps
Farrer Park (NE8)823 m · about 57,000 weekday taps
Lavender (EW11)932 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 I Development Building. Transfers between lines don't tap, so interchanges read low.

Bus

11 bus stops within 400 m, with about 23,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Jln Lembah Kallang (URA)104 m
S$0.60 per half-hour at midday on a weekday · 8 car lots
Blk 8C Boon Keng Road (HDB)148 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 369 car lots
Blk 10 Bendemeer Road (HDB)154 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 560 car lots
Blk 6A Boon Keng Road (HDB)174 m
S$0.60 per half-hour at midday on a weekday · gantry 2 m · 276 car lots
Blk 23 Bendemeer Road (HDB)200 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 50 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.

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

Who's registered at I Development Building?

Key takeaway6 live companies (and LLPs and branches; sole proprietors are not counted) list I Development Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
2
Real estate
2
Information and communications
1
Financial and insurance
1
Manufacturing
0
Professional, scientific and technical 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$30.87 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$30.87 psm/mo
Observed range: S$12.87 – S$43.05

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 I Development Building

Where is I Development Building?⌄

I Development Building is at 62 Bendemeer Road, Singapore 339939, in the Kallang planning area.

What is I Development Building zoned as?⌄

I Development Building 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 I Development Building?⌄

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 I Development Building?⌄

I Development Building is leasehold. About 38 years remain on the lease.

What have units at I Development Building sold for?⌄

Across 2 recorded transactions, the median is S$1,399 psf. The latest was in August 2025.

What does industrial space near I Development Building rent for?⌄

JTC's rental returns for Bendemeer Road put the median at about S$2.87 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Bendemeer Road, not a rent quoted for I Development Building itself.

What is the nearest MRT station to I Development Building?⌄

Bendemeer MRT is the closest, 270 m away (about a 4-minute walk).

How many businesses are registered at I Development Building?⌄

3 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 I Development 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 I Development 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

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.

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.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

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.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

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 JTC industrial completions, JTC estate boundaries, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, 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.