PropKaki
IndustrialBUSINESS 2LeaseholdDistrict 22 · Jurong West

Ispace

Reviewed by Nathan TangUpdated 10 August 2026Data through Jun 2026
Quick Summary

Ispace is a industrial building in District 22 · Jurong West, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.0. It is leasehold with roughly 16 years remaining. 238 transactions are on record since 1995, most recently in Jun 2026. 40 units are currently listed for sale or rent. ACRA records 437 live company registrations at this address.

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1

What are the key facts about Ispace?

Key takeawayIspace is a industrial building in District 22 · Jurong West, zoned BUSINESS 2, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS 2
Gross plot ratio
2.0
Tenure
Leasehold
District / Area
District 22 · Jurong West
Address
7 Soon Lee Street
Land area
19,618 sqm
Transactions on record
238 (records start 1995)
Live listings
40
ACRA registrations
437
2

About Ispace

Ispace is an industrial building in Jurong West (District 22). It is located along Soon Lee Street, Singapore 627608.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 16 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 19,618 sqm of land with roughly 39,237 sqm of gross floor area.

238 transactions have been recorded here, at a median of S$354 psf. The most recent was in June 2026.

Across JTC's rental returns for Soon Lee Street, the median rent for industrial space on this street works out to about S$1.83 psf per month over 52 observations. Observed medians on the street span S$1.62 to S$2.90 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 2.8 km away. The closest business-park zone is about 1.8 km away. The nearest MRT is Pioneer MRT, 510 m away (about a 8-minute walk). The closest bus stop (Opp Blk 657 CP) is 143 m away (about a 2-minute walk).

437 businesses are currently registered at this address with ACRA.

3

What is Ispace zoned as?

Key takeawayIspace sits on land zoned BUSINESS 2 with a gross plot ratio of 2.0.
Land-use zone
BUSINESS 2
Gross plot ratio
2.0

Run the full zoning report for this building →

4

What has Ispace sold for?

Key takeawayAcross 238 recorded transactions since 1995, the median price is about S$631k, most recently in Jun 2026.
DateUsePriceAreaPSF
Jun 2026Multiple-user FactoryS$525k1,733 sqft$303
Jun 2026Multiple-user FactoryS$690k1,733 sqft$398
Jun 2026Multiple-user FactoryS$690k1,733 sqft$398
Dec 2025Multiple-user FactoryS$480k1,690 sqft$284
Dec 2025Multiple-user FactoryS$510k1,668 sqft$306
Nov 2025Multiple-user FactoryS$580k1,991 sqft$291
Oct 2025Multiple-user FactoryS$528k1,711 sqft$309
Oct 2025Multiple-user FactoryS$528k1,711 sqft$309
Oct 2025Multiple-user FactoryS$1.17M3,025 sqft$387
Oct 2025Multiple-user FactoryS$510k1,711 sqft$298

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.

5

How does Soon Lee Street price?

Key takeawaySoon Lee Street's current JTC street rent is S$31.25 psm/month (2026Q2), which against the street's strata sale median works out to an indicative gross yield of 11.1% (10.0% net of property tax).
Strata sales on the street (5y)
358
Street median PSF (strata)
$303
Indicative street yield
11.1% gross
10.0% 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.

6

What is available at Ispace right now?

Key takeaway40 units are currently listed at Ispace — 27 for sale and 13 for rent. One row per unit; several agents often market the same unit.

For sale (27)

  • Ispace2 agentsS$650k · 1,959 sqft
  • Ispace2 agentsS$647k · 1,959 sqft
  • Ispace4 agentsS$510k · 1,701 sqft
  • Ispace2 agentsS$545k · 1,711 sqft

For rent (13)

  • IspaceS$5k/mo · 1,668 sqft
  • Ispace2 agentsS$5k/mo · 1,690 sqft
  • IspaceS$6k/mo · 1,903 sqft
  • Ispace3 agentsS$4k/mo · 1,722 sqft

Browse every listing at this building →

7

What is near Ispace?

Key takeawayThe nearest MRT/LRT is Pioneer MRT, about 510 m away.

Getting around

Amenities nearby

Opp Blk 657 CP · 143 mEducational Institution · 189 mPioneer Medicare · 307 mPioneer MRT Exit A · 500 mJurong West Hawker Centre · 878 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Ispace?

Key takeawayACRA records 437 live company registrations at this address, 94 of them in the last three years.
Live registrations
437
Registered last 3 years
94

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.

9

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$19.71 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$19.71 psm/mo
Observed range
S$17.42 – S$31.25

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.

10

Frequently asked questions about Ispace

Where is Ispace?⌄

Ispace is at 7 Soon Lee Street, Singapore 627608, in the Jurong West planning area.

What is Ispace zoned as?⌄

Ispace is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 2. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

What kind of business can operate at Ispace?⌄

Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of Ispace?⌄

Ispace is leasehold. About 16 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at Ispace sold for?⌄

Across 238 recorded transactions, the median is S$354 psf. The latest was in June 2026.

What does industrial space near Ispace rent for?⌄

JTC's rental returns for Soon Lee Street put the median at about S$1.83 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Soon Lee Street, not a rent quoted for Ispace itself.

What is the nearest MRT station to Ispace?⌄

Pioneer MRT is the closest, 510 m away (about a 8-minute walk).

How many businesses are registered at Ispace?⌄

437 businesses are currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.

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