IndustrialBUSINESS 1LeaseholdDistrict 19 · Serangoon

M.i. Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Apr 2021

Quick Summary

M.i. Building is a industrial building in District 19 · Serangoon, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 1 years remaining. 2 transactions are on record since 1995, most recently in Apr 2021. 1 unit is currently listed for rent. ACRA records 3 live company registrations at this address.

The facts are here — now get the verdict on M.i. Building.

Ask PropKaki

What are the key facts about M.i. Building?

Key takeawayM.i. Building is a industrial building in District 19 · Serangoon, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 19 · Serangoon
Address: 11 Serangoon North Avenue 5
Land area: 5,462 sqm
Completed: Not on record
Storeys: 6 (© OpenStreetMap contributors)
Estate (JTC): Serangoon North Industrial Estate
Listed as: Light Industrial (B1)
Transactions on record: 2 (records start 1995)
Live listings: 1
ACRA registrations: 3

Who owns M.i. Building, and what is it valued at?

Key takeawayNo REIT or listed company holds M.i. Building today on its latest filings. Earlier SGX filings about it are below, each with its date.

Whole-building deals

Announced 28 Apr 2021 · completed 30 Nov 2021
RBC Investor Services Trust Singapore Limited (in its capacity as trustee of ESR-REIT) sold 11 Serangoon North Avenue 5 for S$53 million (sale consideration).
Announcement on SGX · completion notice

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 M.i. Building

M.I. Building is an industrial building in Serangoon (District 19). It is located along Serangoon North Avenue 5, Singapore 554809.

Under the URA Master Plan the site is zoned Business 1 with a gross plot ratio of 2.5. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

The site is leasehold, with about 1 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 5,462 sqm of land with roughly 13,653 sqm of gross floor area.

2 transactions have been recorded here, at a median of S$298 psf. The most recent was in April 2021.

Across JTC's rental returns for Serangoon North Avenue 5, the median rent for industrial space on this street works out to about S$2.01 psf per month over 75 observations. Observed medians on the street span S$0.22 to S$2.96 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 3.2 km away. The closest business-park zone is about 4.3 km away. The closest bus stop (Blk 546) is 88 m away (about a 1-minute walk).

4 businesses are currently registered at this address with ACRA.

What is M.i. Building zoned as?

Key takeawayM.i. Building sits on land zoned BUSINESS 1 with a gross plot ratio of 2.5.

Land-use zone: BUSINESS 1
Gross plot ratio: 2.5

Run the full zoning report for this building →

What has M.i. Building sold for?

Key takeaway2 transactions are on record since 1995, most recently in Apr 2021 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Apr 2021	Multiple-user Factory	S$21.00M	58,796 sqft	$357
Jul 2006	Single-user Factory	S$14.00M	58,793 sqft	$238

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 M.i. Building rent for?

Key takeawayNo rent is published for M.i. Building itself. On its street, Serangoon North Avenue 5, strata factory space rented at a median of $1.96 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 Serangoon North Avenue 5

Street level · 2026Q3

25th pct

—

— psm

Median

$1.96

$21.05 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +22.2% on a year earlier

2023Q3 · $22.17 psm2026Q3 · $21.05 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 M.i. Building

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 M.i. Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 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 M.i. Building?

Key takeawayURA has approved 1 change of use at M.i. Building since 2000, most recently in 2021. 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.

28 Feb 2023Approved
Additions & alterations
Proposed conversion of the existing 6-storey factory with basement to warehouse on lot 15726c mk18 at 11 serangoon north avenue 5 singapore 554809 (serangoon planning area)
26 Mar 2021Approved
Change of use to warehouse and ancillary office
Proposed change of use of part of the 3rd storey premises to warehouse and ancillary office
28 Dec 2006Approved
Additions & alterations
Retention of works to enclose the existing hoist pit of the existing part 6/part 7 storey light industrial flatted factory with a basement

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 M.i. Building right now?

Key takeaway1 unit is currently listed at M.i. Building. One row per unit; several agents often market the same unit.

For rent (1)

Ground With Mezzanine Office - Power 1200Amps, 7m HeightS$45k/mo · 21,000 sqft

Browse every listing at this building →

What is near M.i. Building?

Amenities nearby

Blk 546 · 88 mThe Family Physician Clinic · 299 mEducational Institution · 487 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at M.i. Building

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Fernvale, 1.9 km away. 6 public car parks are within 500 m.

Foot traffic: busier than 64% of industrial buildings

no MRT/LRT within 1 km (nearest Fernvale, 1.9 km); bus stops within 400 m: 8, about 6,147 taps a weekday; Serangoon: 38,451 resident workers (Census 2020, by workplace); about 33,000 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.

Bus

8 bus stops within 400 m, with 6,147 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 546A Serangoon North Avenue 3 (HDB)215 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 696 car lots
Blk 542A/542 Serangoon North Avenue 4 (HDB)322 m
no short-term parking · 3 car lots
Blk 542A Serangoon North Avenue 4 (HDB)351 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 199 car lots
Blk 550A Serangoon North Avenue 3 (HDB)376 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 407 car lots
Blk 537/542 Serangoon North Avenue 4 (HDB)381 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 306 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Service Rd (Jln Kelulu T), 1.1 km away, S$90/month.

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

Who's registered at M.i. Building?

Key takeaway3 live companies (and LLPs and branches; sole proprietors are not counted) list M.i. Building as their registered address. These are registered businesses, not who occupies the space.

Manufacturing
1
Wholesale and retail trade
1
Construction
1
Transportation and storage
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$21.68 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$21.68 psm/mo
Observed range: S$2.33 – S$31.82

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 M.i. Building

Where is M.I. Building?⌄

M.I. Building is at 11 Serangoon North Avenue 5, Singapore 554809, in the Serangoon planning area.

What is M.I. Building zoned as?⌄

M.I. Building is zoned Business 1 under the URA Master Plan, with a gross plot ratio of 2.5. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

What kind of business can operate at M.I. Building?⌄

Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of M.I. Building?⌄

M.I. Building is leasehold. About 1 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at M.I. Building sold for?⌄

Across 2 recorded transactions, the median is S$298 psf. The latest was in April 2021.

What does industrial space near M.I. Building rent for?⌄

JTC's rental returns for Serangoon North Avenue 5 put the median at about S$2.01 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Serangoon North Avenue 5, not a rent quoted for M.I. Building itself.

How many businesses are registered at M.I. Building?⌄

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

For agents · in the PropKaki app

The facts are here — now get the verdict on M.i. Building.

Ask what a unit here would fetch, what the zone allows, or how it compares.

Ask PropKaki Try on WhatsApp

PropKaki

Tell me about M.i. Building — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…

Read the figures right

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

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.

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".

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

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 estate boundaries, URA planning decisions, HDB car park information (data.gov.sg), PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — 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.