PropKaki
IndustrialFreeholdDistrict 25 · Sungei Kadut

Innovation Place

Reviewed by Nathan TangUpdated 24 September 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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1

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
—
Transactions on record
17 (records start 1995)
Live listings
13
ACRA registrations
0
2

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.

3

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.
DateUsePriceAreaPSF
Aug 1996WarehouseS$1.35M2,056 sqft$655
Aug 1996WarehouseS$969k1,410 sqft$687
Jul 1996WarehouseS$810k1,389 sqft$583
Jun 1996Multiple-user FactoryS$825k1,432 sqft$576
Jun 1996WarehouseS$1.76M2,368 sqft$742
Jun 1996WarehouseS$1.01M1,346 sqft$751
Jun 1996WarehouseS$1.32M1,711 sqft$771
Jun 1996Multiple-user FactoryS$1.44M1,884 sqft$764
Jun 1996WarehouseS$1.00M1,539 sqft$650
Jun 1996Multiple-user FactoryS$841k1,432 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.

4

How does Mandai Estate price?

Key takeawayMandai Estate's current JTC street rent is S$22.06 psm/month (2026Q2), which against the street's strata sale median works out to an indicative gross yield of 3.0% (2.7% net of property tax).
Strata sales on the street (5y)
208
Street median PSF (strata)
$909
Indicative street yield
3.0% gross
2.7% 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.

5

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 →

6

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.

7

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.

8

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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