IndustrialBUSINESS PARKLeaseholdDistrict 22 · Jurong East

Iquest@Ibp

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2006

Quick Summary

Iquest@Ibp is a industrial building in District 22 · Jurong East, on land zoned BUSINESS PARK under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold. 1 transaction is on record since 1995, most recently in Dec 2006. 9 units are currently listed for rent. ACRA records 1 live company registration at this address.

The facts are here — now get the verdict on Iquest@Ibp.

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What are the key facts about Iquest@Ibp?

Key takeawayIquest@Ibp is a industrial building in District 22 · Jurong East, zoned BUSINESS PARK, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS PARK
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 22 · Jurong East
Address: 27 International Business Park
Land area: 8,678 sqm
Completed: 2026 (JTC industrial completions)
Storeys: Not on record
Developer: Capitaland Ascendas Reit Management Limited (JTC industrial completions)
Owner: CapitaLand Ascendas REIT (SGX filings)
Estate (JTC): International Business Park
Listed as: Business / Science Park, Light Industrial (B1), Factory / Workshop (B2)
Transactions on record: 1 (records start 1995)
Live listings: 9
ACRA registrations: 1

Who owns Iquest@Ibp, and what is it valued at?

Key takeawayIquest@Ibp is owned by CapitaLand Ascendas REIT, a REIT listed on SGX. The figures below come from its own SGX filings, each with its date. A valuation is an independent valuer's opinion for the owner's accounts, not a sale price.

Source: the owners' own filings on SGX — notices of valuation of real assets, acquisition and divestment announcements, and annual reports. Facts only, each with its date; a valuation is not a sale price, and occupancy and WALE are as of the date shown. Only REITs and SGX-listed companies file these: a building with a private owner shows no owner here.

About Iquest@Ibp

Iquest@Ibp is an industrial building in Jurong East (District 22). It is located along International Business Park, Singapore 609924.

Under the URA Master Plan the site is zoned Business Park with a gross plot ratio of 2.5. Business Park zoning is for high-technology, R&D and knowledge-based activities rather than general industry.

The site is leasehold, with about 0 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 8,678 sqm of land with roughly 24,646 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$199 psf. The most recent was in December 2006.

Across JTC's rental returns for International Business Park, the median rent for industrial space on this street works out to about S$4.16 psf per month over 104 observations. Observed medians on the street span S$1.80 to S$4.83 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

The nearest port or airport land is about 2.9 km away. The closest business-park zone is about 0 m away. The nearest MRT is Jurong East MRT, 962 m away (about a 15-minute walk). The closest bus stop (German Ctr) is 128 m away (about a 2-minute walk).

What is Iquest@Ibp zoned as?

Key takeawayIquest@Ibp sits on land zoned BUSINESS PARK with a gross plot ratio of 2.5.

Land-use zone: BUSINESS PARK
Gross plot ratio: 2.5
Urban design area: Jurong Lake District Ud Area

Run the full zoning report for this building →

What has Iquest@Ibp sold for?

Key takeaway1 transaction is on record since 1995, most recently in Dec 2006 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Dec 2006	Business Park	S$18.60M	93,415 sqft	$199

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 Iquest@Ibp rent for?

Key takeawayNo rent is published for Iquest@Ibp itself. On its street, International Business Park, strata factory space rented at a median of $4.63 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 International Business Park

Street level · 2026Q3

25th pct

—

— psm

Median

$4.63

$49.80 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median -0.3% on a year earlier

2023Q4 · $48.47 psm2026Q3 · $49.80 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 Iquest@Ibp

Key takeawayBrokers' business park figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

Business Park - Rest of Island: Rent S$3.55 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Business Park (Suburban): Rent S$3.55 psf/mth

Singapore Industrial MarketBeat Q2 2026

Official series (JTC, 2026Q3): Business Park occupancy (island-wide) 77.2% (+0.2 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 Iquest@Ibp

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

Rent: between 6 Aug 2026 and 28 Aug 2026, 2 new listings appeared and 1 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.

What's been approved at Iquest@Ibp?

Key takeawayURA has approved 1 change of use at Iquest@Ibp since 2000, most recently in 2010. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

17 Jun 2010Approved
Change of use to child care centre
Proposed change of use of the ancillary lobby and ancillary showroom on the 1st storey to child care centre (secondary usage)
22 Feb 2006Approved
Additions & alterations
Proposed piled foundation to support 2 nos. of 20,000 litres nitrogen tanks to existing 5-sty business park development with basement carpark

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

What is available at Iquest@Ibp right now?

Key takeaway9 units are currently listed at Iquest@Ibp. One row per unit; several agents often market the same unit.

For rent (9)

IQuest @ IBPS$9k/mo · 1,645 sqft
5m high grade A office / showroom with raise flooring / coloumn free layoutS$51k/mo · 10,000 sqft
Software/ logistic / media / tech related use @ 5m high next to mrt stationS$18k/mo · 3,600 sqft
27 Ibp3 agentsS$159k/mo · 28,879 sqft

Browse every listing at this building →

What is near Iquest@Ibp?

Key takeawayThe nearest MRT/LRT is Jurong East MRT, about 962 m away.

Getting around

Jurong East MRT962 m · ~15 min

Amenities nearby

Business Park · 0 mGerman Ctr · 128 mBoston Medical · 301 mEducational Institution · 639 mBlk 37A Teban Gardens Road · 723 mJurong Community Hospital · 766 mJurong East MRT Exit B · 899 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Iquest@Ibp

Key takeawayThe nearest station is Jurong East (EW24 / NS1), 900 m away — one of the busiest stations, with about 144,000 taps in and out on an average weekday. 2 public car parks are within 500 m.

Foot traffic: busier than 85% of industrial buildings

nearest MRT/LRT Jurong East (EW24/NS1) 900 m, about 144,000 taps a weekday; bus stops within 400 m: 7, about 5,919 taps a weekday; Jurong East: 62,478 resident workers (Census 2020, by workplace); about 13,000 residents within 1 km (June 2026). Ranked against 8,225 industrial buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around), not a count of people.

Stations within 1 km

Jurong East (EW24 / NS1)900 m · about 144,000 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to Iquest@Ibp. Transfers between lines don't tap, so interchanges read low.

Bus

7 bus stops within 400 m, with 5,919 boardings and alightings on an average weekday.

Public car parks within 500 m

Boon Lay Way Hvp (URA)453 m
Pandan Gardens (URA)482 m

Nearest URA season parking: Teban Gardens Crescent, 768 m away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. Iquest@Ibp's own car park, if it has one, and its charges are not in the open data.

Who's registered at Iquest@Ibp?

Key takeaway1 live company (and LLPs and branches; sole proprietors are not counted) list Iquest@Ibp as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
1
Financial and insurance
0
Transportation and storage
0
Information and communications
0
Manufacturing
0
Accommodation and food services
0
Real estate
0
Administrative and support services
0

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.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$44.81 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$44.81 psm/mo
Observed range: S$19.38 – S$52.00

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 Iquest@Ibp

Where is Iquest@Ibp?⌄

Iquest@Ibp is at 27 International Business Park, Singapore 609924, in the Jurong East planning area.

What is Iquest@Ibp zoned as?⌄

Iquest@Ibp is zoned Business Park under the URA Master Plan, with a gross plot ratio of 2.5. Business Park zoning is for high-technology, R&D and knowledge-based activities rather than general industry.

What is the tenure of Iquest@Ibp?⌄

Iquest@Ibp is leasehold. About 0 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at Iquest@Ibp sold for?⌄

Across 1 recorded transaction, the median is S$199 psf. The latest was in December 2006.

What does industrial space near Iquest@Ibp rent for?⌄

JTC's rental returns for International Business Park put the median at about S$4.16 psf per month. That is a street-level figure from undated snapshots covering all industrial space on International Business Park, not a rent quoted for Iquest@Ibp itself.

What is the nearest MRT station to Iquest@Ibp?⌄

Jurong East MRT is the closest, 962 m away (about a 15-minute walk).

For agents · in the PropKaki app

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Read the figures right

Completion year: the first quarter JTC records a TOP (Temporary Occupation Permit) at this address. JTC lists major industrial projects (7,000 sqm and up) from 2013; where an older building stood on the site, this is the current building's year.

Developer: as named on JTC's completion record, often the project company rather than the listed group.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

Owner: the REIT or SGX-listed company whose latest valuation notice or annual report lists this building (a later divestment removes it). '(N% interest)' or '(part of the strata)' when it holds less than the whole. A building with no listed owner shows none — a private owner is never named.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

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 JTC industrial completions, JTC estate boundaries, URA planning decisions, the owner's SGX filings, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Owners, valuations and deals: the owners' own filings on SGX (notices of valuation of real assets, acquisition and divestment announcements, annual reports), facts only, each with its date.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

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.