IndustrialFreeholdDistrict 25 · Sungei Kadut

Innovation Place

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 1996

Quick Summary

Innovation Place is a industrial building in District 25 · Sungei Kadut. It is freehold. 17 transactions are on record since 1995, at a median S$655 psf, most recently in Aug 1996. 13 units are currently listed for sale or rent. ACRA records 0 live company registrations at this address.

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What are the key facts about Innovation Place?

Key takeawayInnovation Place is a industrial building in District 25 · Sungei Kadut, held freehold.

Asset class: Industrial
Land-use zone: Not on record
Gross plot ratio: —
Tenure: Freehold
District / Area: District 25 · Sungei Kadut
Address: 2 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 17
Listed as: Factory / Workshop (B2)
Transactions on record: 17 (records start 1995)
Live listings: 13
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.

17 transactions have been recorded here, at a median of S$655 psf. The most recent was in August 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?

Key takeawayAcross 17 recorded transactions since 1995, the median price is about S$1.00M, most recently in Aug 1996.

Date	Use	Price	Area	PSF
Aug 1996	Warehouse	S$1.35M	2,056 sqft	$655
Aug 1996	Warehouse	S$969k	1,410 sqft	$687
Jul 1996	Warehouse	S$810k	1,389 sqft	$583
Jun 1996	Multiple-user Factory	S$825k	1,432 sqft	$576
Jun 1996	Warehouse	S$1.76M	2,368 sqft	$742
Jun 1996	Warehouse	S$1.01M	1,346 sqft	$751
Jun 1996	Warehouse	S$1.32M	1,711 sqft	$771
Jun 1996	Multiple-user Factory	S$1.44M	1,884 sqft	$764
Jun 1996	Warehouse	S$1.00M	1,539 sqft	$650
Jun 1996	Multiple-user Factory	S$841k	1,432 sqft	$587

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?

Key takeawayNo rent is published for Innovation Place itself. On its street, Mandai Estate, strata factory space rented at a median of $2.12 psf a month in 2026Q3. That is not this building's own rent, and never a quote for a particular unit.

Strata factory space on Mandai Estate

Street level · 2026Q3

25th pct

—

— psm

Median

$2.12

$22.86 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median -2.9% on a year earlier

2023Q4 · $21.64 psm2026Q3 · $22.86 psm median

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

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.

How fast units move at Innovation Place

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 9 units for rent; 4 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 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, 1 new listing appeared and 0 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?

Key takeawayMandai Estate's current JTC street rent is S$22.86 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 3.2% (2.8% net of property tax).

Strata sales on the street (5y)

208

Street median PSF (strata)

$913

Indicative street yield

3.2% gross

2.8% net of property tax

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?

Key takeaway13 units are currently listed at Innovation Place — 4 for sale and 9 for rent. One row per unit; several agents often market the same unit.

For sale (4)

Innovation PlaceS$1.38M · 1,615 sqft
Innovation PlaceS$1.20M · 1,615 sqft
Innovation PlaceS$1.05M · 1,313 sqft
Innovation PlaceS$1.10M · 1,432 sqft

For rent (9)

Innovation PlaceS$2k/mo · 716 sqft
Innovation PlaceS$4k/mo · 1,616 sqft
Innovation PlaceS$2k/mo · 950 sqft
Innovation PlaceS$3k/mo · 1,432 sqft

Browse every listing at this building →

How many companies are registered at Innovation Place?

Key takeawayACRA records 0 live company registrations at this address.

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?

Key takeawayJTC's street-level record shows a median of S$14.61 psm/month — an all-time median from 2000 onwards, not a current rent.

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 2 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 17 recorded transactions, the median is S$655 psf. The latest was in August 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.

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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Median across 2000Q1-2026Q2 — an all-time level, NOT a current rent. Quote the latest quarter for "what does it rent for now".

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from BCA's MCST register — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.