Ness Building
Ness Building is a industrial building in District 18 · Paya Lebar, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 71 years remaining. 2 transactions are on record since 1995, most recently in Aug 2025. 1 unit is currently listed for rent. ACRA records 0 live company registrations at this address.
What are the key facts about Ness Building?
- Asset class
- Industrial
- Land-use zone
- BUSINESS 2
- Gross plot ratio
- 2.5
- Tenure
- Leasehold
- District / Area
- District 18 · Paya Lebar
- Address
- 30 Tampines Industrial Avenue 3
- Land area
- 15,200 sqm
- Completed
- Not on record
- Storeys
- 2 (© OpenStreetMap contributors)
- Estate (JTC)
- Tampines Wafer Fab Park
- Listed as
- Factory / Workshop (B2)
- Transactions on record
- 2 (records start 1995)
- Live listings
- 1
- ACRA registrations
- 0
Who owns Ness Building, and what is it valued at?
- Announced 16 Oct 2025 · completed 16 Oct 2025CapitaLand Ascendas REIT sold the industrial building located at 30 Tampines Industrial Avenue 3.
- Announced 18 Aug 2025Sold 30 Tampines Industrial Avenue 3 for S$23 million (sale consideration) to unrelated third party.
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 Ness Building
Ness Building is an industrial building in Tampines (District 18). It is located along Tampines Industrial Avenue 3, Singapore 528775.
Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.
The site is leasehold, with about 71 years left to run. It sits on about 15,200 sqm of land with roughly 38,000 sqm of gross floor area.
2 transactions have been recorded here, at a median of S$138 psf. The most recent was in August 2025.
The nearest port or airport land is about 4.5 km away. The closest business-park zone is about 4.1 km away. The closest bus stop (Aft Tampines Ave 5) is 464 m away (about a 7-minute walk).
What is Ness Building zoned as?
- Land-use zone
- BUSINESS 2
- Gross plot ratio
- 2.5
What has Ness Building sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Aug 2025 | Single-user Factory | S$23.00M | 163,613 sqft | $141 |
| Sept 2005 | Single-user Factory | S$22.00M | 163,613 sqft | $134 |
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
Market context around Ness Building
- 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
- 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
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 Ness Building
Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 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 Ness Building?
- 19 Aug 2026ApprovedAdditions & alterations
Proposed amendment to approved additions and alterations to existing 2-storey single-user industrial building with clean room facilities and ancillary office involving addition of 2 no of new built-in genset diesel tank (1000 litres) and 2 nos of new built-in diesel tank (200l) with no pump points
- 13 Nov 2025ApprovedAdditions & alterations
Proposed additions and alterations to existing 2-storey single-user industrial building with clean room facilities and ancillary office involving addition of 1 no of new built-in genset diesel tank (1500 litres) with no pump points
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 Ness Building right now?
For rent (1)
- Fitted media / tech & data office with meeting rooms / pantry / workstations for 150 paxS$49k/mo · 19,000 sqft
What is near Ness Building?
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Ness Building
no MRT/LRT within 1 km (nearest Tampines, 1.9 km); no bus stop within 400 m; Paya Lebar: 13,433 resident workers (Census 2020, by workplace); about 18,000 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
No bus stop within 400 m.
Public car parks within 500 m
- Tampines Industrial Av E 3 (URA)291 mS$0.60 per half-hour at midday on a weekday · season S$90/month · 16 car lots
Public car parks only, by straight-line distance, with the operator's published rates. Ness Building's own car park, if it has one, and its charges are not in the open data.
How many companies are registered at Ness Building?
- 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.
Frequently asked questions about Ness Building
Where is Ness Building?⌄
Ness Building is at 30 Tampines Industrial Avenue 3, Singapore 528775, in the Tampines planning area.
What is Ness Building zoned as?⌄
Ness Building is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.
What kind of business can operate at Ness Building?⌄
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 Ness Building?⌄
Ness Building is leasehold. About 71 years remain on the lease.
What have units at Ness Building sold for?⌄
Across 2 recorded transactions, the median is S$138 psf. The latest was in August 2025.
The facts are here — now get the verdict on Ness Building.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.