Mapletree Business City

Asset class

Industrial

Land-use zone

BUSINESS PARK

Gross plot ratio

2.8

Tenure

Leasehold

District / Area

District 5 · Queenstown

Address

10,20,30 Pasir Panjang Road

Land area

108,536 sqm

Completed

2010 (per EdgeProp)

Storeys

18 (© OpenStreetMap contributors)

Owner

Mapletree Pan Asia Commercial Trust (SGX filings)

Units with a recorded sale

At least 3

Listed as

Office, Business / Science Park

Transactions on record

1 (records start 1995)

Live listings

18

ACRA registrations

622

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.

Mapletree Business City is an industrial building in Queenstown (District 05). It is located along Pasir Panjang Road, Singapore 117438.

Under the URA Master Plan the site is zoned Business Park with a gross plot ratio of 2.8. Business Park zoning is for high-technology, R&D and knowledge-based activities rather than general industry.

The site is leasehold, with about 70 years left to run. It sits on about 108,536 sqm of land with roughly 308,929 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$795 psf. The most recent was in August 2016.

Across JTC's rental returns for Pasir Panjang Road, the median rent for industrial space on this street works out to about S$2.30 psf per month over 106 observations. Observed medians on the street span S$1.07 to S$3.50 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 539 m away. The closest business-park zone is about 0 m away. The nearest MRT is Labrador Park MRT, 508 m away (about a 8-minute walk). The closest bus stop (Mapletree Business City) is 96 m away (about a 2-minute walk).

642 businesses are currently registered at this address with ACRA.

Land-use zone

BUSINESS PARK

Gross plot ratio

2.8

Run the full zoning report for this building →

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

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.

1. 14 Nov 2025Approved
   Change of use: business park → ancillary dining and discussion area on part of 14th storey of block 20 pasir pa

   Proposed change of use from business park to ancillary dining and discussion area on part of 14th storey of block 20 pasir panjang road (mapletree business city i)

2. 2 Oct 2024Approved
   Additions & alterations

   Proposed additions & alterations to 12th & 13th storey of block 80 of the existing mapletree business city ii (mbc ii) on lot 4968k mk 3 at pasir panjang road (queenstown planning area)

3. 6 Mar 2024Approved
   Additions & alterations

   Proposed amendment to approved reinstatement works at levels 12 to 13 involving the removal of internal staircases from levels 11 to 13 on lot 04968k mk03 at 80 pasir panjang road, mapletree business city, singapore 117372 (queenstown planning area)

4. 21 Feb 2024Approved
   Additions & alterations

   Proposed reinstatement works at levels 12 to 13 involving the removal of internal staircases from levels 11 to 13 on lot 04968k mk03 at 80 pasir panjang road, mapletree business city, singapore 117372 (queenstown planning area)

5. 13 Oct 2023ApprovedFloor 2
   Change of use: restaurant → dental clinic for unit #02-xx

   Proposed change of use from restaurant to dental clinic for unit #02-XX of the existing mapletree business city on lot 04968k mk 03 at 40 pasir panjang road (queenstown planning area)

6. 7 Jun 2022RenewedFloor 3
   Change of use

   Proposed renewal of temporary permission for continued use of the industrial canteen use at 3rd storey (#03-XX) of block 50 at the existing mapletree business city ii (mbc ii) on lot 04968k mk 03 at 50 pasir panjang road (queenstown planning area)

7. 9 Mar 2022Approved
   Additions & alterations

   Proposed reinstatement works to existing unit at 3rd, 4th 5th and 6th storey on lot 04968k mk03 of mapletree business city at 20 pasir panjang road singapore 117439 (queenstown planning area)

8. 9 Sept 2021Approved
   Additions & alterations

   Proposed additions & alterations to the existing 7th & 8th storey of block c at mapletree business city at 20 pasir panjang road

9. 21 May 2021Approved
   Additions & alterations

   Proposed additions and alterations to existing level 15 & 16 on lot 04968k mk03 of mapletree business city at 10 pasir panjang road

10. 16 Nov 2020ApprovedFloor 2
    Change of use to business park

    Proposed change of use of part ancillary staff canteen at 2nd storey, unit #02-XX, to business park at block 20 pasir panjang road, mapletree business city i

11. 10 Mar 2020Approved
    Additions & alterations

    Proposed amendment to approved addtions and alterations to existing unit at 6th,7th and 8th storey on lot 04968k mk03 of mappletree business city at 20 pasir panjang road singapore 117439(queenstown planning area)

12. 17 Jan 2020Approved
    Additions & alterations

    Proposed addtions and alterations to existing unit at 6th and 7th storey on lot 04968k mk03 of mappletree business city at 20 pasir panjang road singapore 117439(queenstown planning area)

36 earlier change-of-use and A&A decisions are on record since 2000.

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).

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.

Browse every listing at this building →

Straight-line distances. Source: PropKaki amenities data.

• Financial and insurance
  527
• Transportation and storage
  60
• Real estate
  26
• Wholesale and retail trade
  3
• Information and communications
  3
• Professional, scientific and technical services
  2
• Administrative and support services
  1
• Manufacturing
  0
• Electricity, gas and air-conditioning supply
  0
• Other 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.

Street rent, median

S$24.76 psm/mo

Observed range

S$11.50 – S$37.67

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.