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

—

Completed

Not on record

Storeys

Not on record

Strata units (MCST)

166

Managing agent

PROACTIVE PROPERTY PARTNERS PTE LTD

Strata formed

2002 (MCST 2678)

Units with a recorded sale

At least 77

Listed as

Factory / Workshop (B2), Light Industrial (B1), Office

Transactions on record

91 (records start 1995)

Live listings

12

ACRA registrations

70

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.

Land-use zone

BUSINESS 2

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.

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.

• Construction
  19
• Wholesale and retail trade
  17
• Manufacturing
  9
• Professional, scientific and technical services
  8
• Financial and insurance
  4
• Administrative and support services
  4
• Real estate
  3
• Information and communications
  2
• Transportation and storage
  2
• Health and social services
  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.

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.