Innovation Place
Innovation Place is a industrial building in District 25 · Sungei Kadut, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.5. It is freehold. 90 transactions are on record since 1995, most recently in May 2025. 16 units are currently listed for sale or rent. ACRA records 86 live company registrations at this address.
What are the key facts about Innovation Place?
- Asset class
- Industrial
- Land-use zone
- BUSINESS 2
- Gross plot ratio
- 2.5
- Tenure
- Freehold
- District / Area
- District 25 · Sungei Kadut
- Address
- 31 Mandai Estate
- Land area
- —
- Transactions on record
- 90 (records start 1995)
- Live listings
- 16
- ACRA registrations
- 86
About Innovation Place
Innovation Place is an industrial building in Sungei Kadut (District 25). It is located along Mandai Estate, Singapore 729933.
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 freehold.
90 transactions have been recorded here, at a median of S$490 psf. The most recent was in May 2025.
Across JTC's rental returns for Mandai Estate, the median rent for industrial space on this street works out to about S$1.36 psf per month over 102 observations. Observed medians on the street span S$0.59 to S$2.19 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.
1 industrial project is still uncompleted on this street, adding about 11,950 sqm of gross floor area, the earliest due around 2027.
The nearest port or airport land is about 7.2 km away. The closest business-park zone is about 1.1 km away. The closest bus stop (Opp Da Di Glass) is 269 m away (about a 4-minute walk).
86 businesses are currently registered at this address with ACRA.
What is Innovation Place zoned as?
- Land-use zone
- BUSINESS 2
- Gross plot ratio
- 2.5
What has Innovation Place sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| May 2025 | Multiple-user Factory | S$1.05M | 1,432 sqft | $733 |
| May 2025 | Warehouse | S$2.03M | 1,808 sqft | $1,124 |
| Apr 2025 | Multiple-user Factory | S$1.10M | 1,453 sqft | $757 |
| Jan 2025 | Multiple-user Factory | S$1.02M | 1,432 sqft | $711 |
| Nov 2024 | Warehouse | S$1.36M | 1,507 sqft | $902 |
| Oct 2024 | Warehouse | S$1.91M | 1,690 sqft | $1,129 |
| Jul 2024 | Warehouse | S$1.91M | 2,540 sqft | $751 |
| Apr 2024 | Multiple-user Factory | S$1.10M | 1,690 sqft | $651 |
| Mar 2022 | Multiple-user Factory | S$850k | 1,453 sqft | $585 |
| Dec 2021 | Warehouse | S$1.80M | 2,734 sqft | $658 |
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.
How does Mandai Estate price?
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 available at Innovation Place right now?
For sale (4)
- Innovation Place2 agentsS$1.24M · 1,539 sqft
- Innovation PlaceS$1.61M · 1,695 sqft
- Innovation PlaceS$2.12M · 1,765 sqft
- Innovation PlaceS$1.10M · 1,432 sqft
For rent (12)
- Innovation Place2 agentsS$3k/mo · 1,539 sqft
- Innovation PlaceS$6k/mo · 1,808 sqft
- Innovation PlaceS$7k/mo · 3,046 sqft
- Innovation Place2 agentsS$6k/mo · 1,442 sqft
What is near Innovation Place?
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
How many companies are registered at Innovation Place?
- Live registrations
- 86
- Registered last 3 years
- 14
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.
What does industrial space rent for on this street?
- Street rent, median
- S$14.61 psm/mo
- Observed range
- S$6.38 – S$23.54
- Pipeline on this street
- 1 project · earliest TOP 2027
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 Innovation Place
Where is Innovation Place?⌄
Innovation Place is at 31 Mandai Estate, Singapore 729933, in the Sungei Kadut planning area.
What is Innovation Place zoned as?⌄
Innovation Place 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 Innovation Place?⌄
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 Innovation Place?⌄
Innovation Place is freehold.
What have units at Innovation Place sold for?⌄
Across 90 recorded transactions, the median is S$490 psf. The latest was in May 2025.
What does industrial space near Innovation Place rent for?⌄
JTC's rental returns for Mandai Estate put the median at about S$1.36 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Mandai Estate, not a rent quoted for Innovation Place itself.
How many businesses are registered at Innovation Place?⌄
86 businesses are currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.
The facts are here — now get the verdict on Innovation Place.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.