Innovation Place
Innovation Place is a industrial building in District 25 · Sungei Kadut. It is freehold. 3 transactions are on record since 1995, most recently in Jul 1996. ACRA records 0 live company registrations at this address.
What are the key facts about Innovation Place?
- Asset class
- Industrial
- Land-use zone
- Not on record
- Gross plot ratio
- —
- Tenure
- Freehold
- District / Area
- District 25 · Sungei Kadut
- Address
- 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 3
- Listed as
- Factory / Workshop (B2), Office
- Transactions on record
- 3 (records start 1995)
- Live listings
- None
- ACRA registrations
- 0
About Innovation Place
Innovation Place is an industrial building in Sungei Kadut (District 25). It is located along Mandai Estate.
The site is freehold.
3 transactions have been recorded here, at a median of S$574 psf. The most recent was in July 1996.
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.
What has Innovation Place sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Jul 1996 | Multiple-user Factory | S$802k | 1,432 sqft | $560 |
| Jul 1996 | Multiple-user Factory | S$822k | 1,432 sqft | $574 |
| Jul 1996 | Multiple-user Factory | S$828k | 1,432 sqft | $579 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Innovation Place rent for?
Strata factory space on Mandai Estate
Street level · 2026Q3S$ per sq ft per month (median only published) · median -2.9% on a year earlier
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 Innovation Place
- 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
- 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
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.
How fast units move at Innovation Place
Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 4 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.
Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 4 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.
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.
How many companies are registered at Innovation Place?
- Live registrations
- 0
- Registered last 3 years
- 0
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 Mandai Estate, in the Sungei Kadut planning area.
What is the tenure of Innovation Place?⌄
Innovation Place is freehold.
What have units at Innovation Place sold for?⌄
Across 3 recorded transactions, the median is S$574 psf. The latest was in July 1996.
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.
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.