IndustrialBUSINESS 2LeaseholdDistrict 22 · Jurong West

Innovate 360

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 2024
Quick Summary

Innovate 360 is a industrial building in District 22 · Jurong West, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 24 years remaining. 1 transaction is on record since 1995, most recently in Aug 2024. 2 units are currently listed for sale. ACRA records 85 live company registrations at this address.

1

What are the key facts about Innovate 360?

Key takeawayInnovate 360 is a industrial building in District 22 · Jurong West, zoned BUSINESS 2, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS 2
Gross plot ratio
2.5
Tenure
Leasehold
District / Area
District 22 · Jurong West
Address
9 Chin Bee Drive
Land area
3,272 sqm
Completed
2019 (JTC industrial completions)
Storeys
Not on record
Developer
Cheng Yew Heng Candy Factory Pte Ltd (JTC industrial completions)
Estate (JTC)
Jurong Industrial Estate
Listed as
Factory / Workshop (B2)
Transactions on record
1 (records start 1995)
Live listings
2
ACRA registrations
85
2

About Innovate 360

Innovate 360 is an industrial building in Jurong West (District 22). It is located along Chin Bee Drive, Singapore 619860.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 24 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 3,272 sqm of land with roughly 8,179 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$653 psf. The most recent was in August 2024.

Across JTC's rental returns for Chin Bee Drive, the median rent for industrial space on this street works out to about S$2.44 psf per month over 2 observations. Observed medians on the street span S$2.39 to S$2.48 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 2.5 km away. The closest business-park zone is about 1.7 km away. The nearest MRT is Boon Lay MRT, 897 m away (about a 14-minute walk). The closest bus stop (PB Packaging Systems) is 258 m away (about a 4-minute walk).

60 businesses are currently registered at this address with ACRA.

3

What is Innovate 360 zoned as?

Key takeawayInnovate 360 sits on land zoned BUSINESS 2 with a gross plot ratio of 2.5.
Land-use zone
BUSINESS 2
Gross plot ratio
2.5

Run the full zoning report for this building →

4

What has Innovate 360 sold for?

Key takeaway1 transaction is on record since 1995, most recently in Aug 2024 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Aug 2024Single-user FactoryS$23.00M35,214 sqft$653

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

5

Market context around Innovate 360

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.

6

How fast units move at Innovate 360

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 2 units for sale.

Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 1 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.

7

What's been approved at Innovate 360?

Key takeawayURA's planning decisions at Innovate 360 since 2000 are below. 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. 2 Jan 2009Approved
    Additions & alterations

    Proposed extension of written permission for retention of works and proposed additions and alterations involving addition of second storey to the existing single storey factory

  2. 27 Dec 2006Approved
    Additions & alterations

    Retention of works and proposed additions & alterations involving the addition of second storey to the existing single-storey factory

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).

8

What is available at Innovate 360 right now?

Key takeaway2 units are currently listed at Innovate 360. One row per unit; several agents often market the same unit.

For sale (2)

  • Food Factory Building @ Chin Bee4 agentsS$25.00M · 88,034 sqft
  • Innovation 360 buildingS$26.00M · 35,220 sqft

Browse every listing at this building →

9

What is near Innovate 360?

Key takeawayThe nearest MRT/LRT is Boon Lay MRT, about 897 m away.

Getting around

Amenities nearby

PB Packaging Systems · 258 mEducational Institution · 431 mFamily Doctors at 365 · 718 mBoon Lay MRT Exit B · 883 mTaman Jurong Market & Food Centre · 883 m

Straight-line distances. Source: PropKaki amenities data.

10

Getting there and parking at Innovate 360

Key takeawayThe nearest station is Boon Lay (EW27), 883 m away — one of the busiest stations, with about 102,000 taps in and out on an average weekday. 5 public car parks are within 500 m.
Foot traffic: busier than 71% of industrial buildings

nearest MRT/LRT Boon Lay (EW27) 883 m, about 102,000 taps a weekday; bus stops within 400 m: 4, about 1,212 taps a weekday; Jurong West: 45,571 resident workers (Census 2020, by workplace); about 37,000 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

  • Boon Lay (EW27)883 m · about 102,000 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 Innovate 360. Transfers between lines don't tap, so interchanges read low.

Bus

4 bus stops within 400 m, with 1,212 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Chin Bee Drive (URA)39 m
    S$0.60 per half-hour at midday on a weekday · 29 car lots
  • Third Chin Bee Rd (URA)347 m
    S$0.60 per half-hour at midday on a weekday · 37 car lots
  • Second Chin Bee Rd (URA)363 m
    S$0.60 per half-hour at midday on a weekday · 8 car lots
  • Service Rd (Quality Rd ) (URA)391 m
    S$0.60 per half-hour at midday on a weekday · 36 car lots
  • Quality Rd (URA)439 m
    S$0.60 per half-hour at midday on a weekday · 30 car lots

Nearest URA season parking: Chin Bee Road Area, 1.1 km away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. Innovate 360's own car park, if it has one, and its charges are not in the open data.

11

Who's registered at Innovate 360?

Key takeaway85 live companies (and LLPs and branches; sole proprietors are not counted) list Innovate 360 as their registered address. These are registered businesses, not who occupies the space.
  • Information and communications
    22
  • Wholesale and retail trade
    17
  • Manufacturing
    17
  • Professional, scientific and technical services
    10
  • Financial and insurance
    7
  • Accommodation and food services
    3
  • Education
    2
  • Other services
    2
  • Electricity, gas and air-conditioning supply
    1
  • Transportation and storage
    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.

12

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$26.24 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$26.24 psm/mo
Observed range
S$25.76 – S$26.72

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.

13

Frequently asked questions about Innovate 360

Where is Innovate 360?⌄

Innovate 360 is at 9 Chin Bee Drive, Singapore 619860, in the Jurong West planning area.

What is Innovate 360 zoned as?⌄

Innovate 360 is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

What kind of business can operate at Innovate 360?⌄

Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of Innovate 360?⌄

Innovate 360 is leasehold. About 24 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at Innovate 360 sold for?⌄

Across 1 recorded transaction, the median is S$653 psf. The latest was in August 2024.

What does industrial space near Innovate 360 rent for?⌄

JTC's rental returns for Chin Bee Drive put the median at about S$2.44 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Chin Bee Drive, not a rent quoted for Innovate 360 itself.

What is the nearest MRT station to Innovate 360?⌄

Boon Lay MRT is the closest, 897 m away (about a 14-minute walk).

How many businesses are registered at Innovate 360?⌄

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

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