Nico Building
Nico Building is a industrial building in District 16 · Tampines, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 1.0. It is leasehold with roughly 69 years remaining. 2 transactions are on record since 1995, most recently in Nov 2020. ACRA records 2 live company registrations at this address.
What are the key facts about Nico Building?
- Asset class
- Industrial
- Land-use zone
- BUSINESS 2
- Gross plot ratio
- 1.0
- Tenure
- Leasehold
- District / Area
- District 16 · Tampines
- Address
- 48 Changi South Street 1
- Land area
- 4,122 sqm
- Transactions on record
- 2 (records start 1995)
- Live listings
- None
- ACRA registrations
- 2
About Nico Building
Nico Building is an industrial building in Tampines (District 16). It is located along Changi South Street 1, Singapore 486130.
Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 1. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.
The site is leasehold, with about 69 years left to run. It sits on about 4,122 sqm of land with roughly 4,122 sqm of gross floor area.
2 transactions have been recorded here, at a median of S$225 psf. The most recent was in November 2020.
Across JTC's rental returns for Changi South Street 1, the median rent for industrial space on this street works out to about S$0.94 psf per month over 10 observations. Observed medians on the street span S$0.35 to S$1.90 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 382 m away. The closest business-park zone is about 190 m away. The closest bus stop (Bef Changi Sth St 1) is 304 m away (about a 5-minute walk).
2 businesses are currently registered at this address with ACRA.
What is Nico Building zoned as?
- Land-use zone
- BUSINESS 2
- Gross plot ratio
- 1.0
What has Nico Building sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Nov 2020 | Single-user Factory | S$12.00M | 44,368 sqft | $270 |
| May 2011 | Single-user Factory | S$8.00M | 44,368 sqft | $180 |
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.
What is near Nico Building?
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
How many companies are registered at Nico Building?
- Live registrations
- 2
- 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.
What does industrial space rent for on this street?
- Street rent, median
- S$10.09 psm/mo
- Observed range
- S$3.79 – S$20.41
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 Nico Building
Where is Nico Building?⌄
Nico Building is at 48 Changi South Street 1, Singapore 486130, in the Tampines planning area.
What is Nico Building zoned as?⌄
Nico Building is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 1. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.
What kind of business can operate at Nico 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 Nico Building?⌄
Nico Building is leasehold. About 69 years remain on the lease.
What have units at Nico Building sold for?⌄
Across 2 recorded transactions, the median is S$225 psf. The latest was in November 2020.
What does industrial space near Nico Building rent for?⌄
JTC's rental returns for Changi South Street 1 put the median at about S$0.94 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Changi South Street 1, not a rent quoted for Nico Building itself.
How many businesses are registered at Nico Building?⌄
2 businesses are currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.
The facts are here — now get the verdict on Nico 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.