In Space

Asset class

Industrial

Land-use zone

BUSINESS 1

Gross plot ratio

2.5

Tenure

Freehold

District / Area

District 19 · Hougang

Address

24 New Industrial Road

Land area

5,694 sqm

Completed

2022 (JTC industrial completions)

Storeys

8 (per CommercialGuru)

Developer

Slb-Oxley (Nir) Pte Ltd (JTC industrial completions)

Strata units (MCST)

84

Managing agent

CHAMBERS PROPERTY MANAGEMENT SERVICES PTE LTD

Strata formed

2023 (MCST 4853)

Units with a recorded sale

At least 68

Listed as

Light Industrial (B1)

Transactions on record

86 (records start 1995)

Live listings

27

ACRA registrations

178

Floor-to-floor height

7.8 m

1st Storey to 2nd Storey 7.8; 2nd Storey to 3rd Storey 6.3; 3rd Storey to 4th Storey 6.3; 4th Storey to 5th Storey 6.3; 5th Storey to 6th Storey 6.3; 6th Storey to 7th Storey 6.3; 7th Storey to 8th Storey 4.9

Source: the developer's sales brochure

Floor loading

10 kN/m²

Production Units 10; Ancillary Office 7.5

Source: the developer's sales brochure

Power supply

60A 3-phase

Source: the developer's sales brochure

Cargo / goods lifts

2

Source: the developer's sales brochure

Passenger lifts

3

Source: the developer's sales brochure

Facilities

car park, gym, swimming pool

Source: CommercialGuru

• Specs from the developer's sales brochure are the building as designed at launch; units may have been altered since.

Units with a plan

57 · 2,303 sq ft – 5,382 sq ft (recorded sales)

Source: developer's sales brochure.

In Space is an industrial building in Hougang (District 19). It is located along New Industrial Road, Singapore 536210.

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 5,694 sqm of land with roughly 14,480 sqm of gross floor area.

84 transactions have been recorded here, at a median of S$721 psf. The most recent was in July 2026.

Across JTC's rental returns for New Industrial Road, the median rent for industrial space on this street works out to about S$2.03 psf per month over 104 observations. Observed medians on the street span S$0.88 to S$2.86 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

2 industrial projects are still uncompleted on this street, adding about 15,440 sqm of gross floor area, the earliest due around 2028.

The nearest port or airport land is about 7.2 km away. The closest business-park zone is about 333 m away. The nearest MRT is Bartley MRT, 746 m away (about a 12-minute walk). The closest bus stop (Blk 181) is 246 m away (about a 4-minute walk).

193 businesses are currently registered at this address with ACRA.

Land-use zone

BUSINESS 1

Gross plot ratio

2.5

Run the full zoning report for this building →

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

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.

1. 19 Mar 2025ApprovedFloor 2
   Change of use to food manufacturing

   Proposed change of use of unit #02-XX to food manufacturing (pet food)

2. 8 Mar 2024ApprovedFloor 5
   Change of use to warehouse

   Proposed change of use of unit #05-XX to warehouse

3. 22 Aug 2023ApprovedFloor 5
   Change of use to central kitchen

   Proposed change of use of unit #05-XX to central kitchen

4. 3 Aug 2023ApprovedFloor 1
   Change of use to industrial canteen

   Proposed change of use of unit #01-XX to industrial canteen

5. 4 Apr 2023ApprovedFloor 1
   Change of use to industrial canteen

   Proposed change of use of unit #01-XX to industrial canteen

6. 15 Dec 2000ApprovedFloor 1
   Change of use to warehouse with ancillary office and packing room

   Change of use of the approved warehouse unit #01-XX to warehouse with ancillary office and packing room

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).

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.

Browse every listing at this building →

Straight-line distances. Source: PropKaki amenities data.

• Wholesale and retail trade
  69
• Construction
  26
• Professional, scientific and technical services
  25
• Information and communications
  16
• Administrative and support services
  13
• Transportation and storage
  9
• Manufacturing
  8
• Financial and insurance
  6
• Accommodation and food services
  2
• Health and social services
  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.

Street rent, median

S$21.86 psm/mo

Observed range

S$9.46 – S$30.78

Pipeline on this street

2 projects · earliest TOP 2028

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.