IndustrialBUSINESS 2LeaseholdDistrict 17 · Changi

Nippon Express Singapore Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Jan 2018

Quick Summary

Nippon Express Singapore Building is a industrial building in District 17 · Changi, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.0. It is leasehold with roughly 9 years remaining. 1 transaction is on record since 1995, most recently in Jan 2018. ACRA records 0 live company registrations at this address.

The facts are here — now get the verdict on Nippon Express Singapore Building.

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What are the key facts about Nippon Express Singapore Building?

Key takeawayNippon Express Singapore Building is a industrial building in District 17 · Changi, zoned BUSINESS 2, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 2
Gross plot ratio: 2.0
Tenure: Leasehold
District / Area: District 17 · Changi
Address: 40 Alps Avenue
Land area: 15,059 sqm
Completed: Not on record
Storeys: 7 (© OpenStreetMap contributors)
Estate (JTC): Airport Logistics Park of Singapore
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 0

About Nippon Express Singapore Building

Nippon Express Singapore Building is an industrial building in Changi (District 17). It is located along Alps Avenue, Singapore 498781.

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 9 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 15,059 sqm of land with roughly 30,117 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$455 psf. The most recent was in January 2018.

Across JTC's rental returns for Alps Avenue, the median rent for industrial space on this street works out to about S$1.71 psf per month over 23 observations. Observed medians on the street span S$1.49 to S$2.06 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 70 m away. The closest bus stop (Expeditors) is 93 m away (about a 2-minute walk).

What is Nippon Express Singapore Building zoned as?

Key takeawayNippon Express Singapore Building 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 →

What has Nippon Express Singapore Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jan 2018 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Jan 2018	Warehouse	S$73.80M	162,088 sqft	$455

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 Nippon Express Singapore Building rent for?

Key takeawayNo rent is published for Nippon Express Singapore Building itself. On its street, Alps Avenue, strata factory space rented at a median of $2.00 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 Alps Avenue

Street level · 2026Q3

25th pct

—

— psm

Median

$2.00

$21.53 psm

75th pct

—

— psm

S$ per sq ft per month (median only published)

2023Q1 · $18.78 psm2026Q3 · $21.53 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 Nippon Express Singapore 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.

What's been approved at Nippon Express Singapore Building?

Key takeawayURA has approved 2 changes of use at Nippon Express Singapore 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.

29 Mar 2021Approved
Change of use: part of warehouse → ancillary office
Proposed change of use from part of warehouse to ancillary office at level 1 and from canteen and ancillary office to warehouse at level 2 of existing 7-storey single- user warehouse (logistics hub)
22 Dec 2006Approved
Change of use: part of approved warehouse → ancillary office
Change of use from part of approved warehouse to ancillary office at 3rd & 5th storeys of existing 7-storey single-user warehouse

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 near Nippon Express Singapore Building?

Amenities nearby

Port / Airport · 70 mExpeditors · 93 mSia Alh Clinic · 408 mEducational Institution · 1.5 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Nippon Express Singapore Building

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Changi Airport, 2.8 km away. No public car park we hold is within 500 m; the nearest is Changi Beach Park Cp 6 (URA), 637 m away.

Foot traffic: busier than 19% of industrial buildings

no MRT/LRT within 1 km (nearest Changi Airport, 2.8 km); bus stops within 400 m: 4, about 874 taps a weekday; Changi: 63,747 resident workers (Census 2020, by workplace); about 0 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

4 bus stops within 400 m, with 874 boardings and alightings on an average weekday.

How many companies are registered at Nippon Express Singapore Building?

Key takeawayACRA records 0 live company registrations at this address.

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.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$18.36 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$18.36 psm/mo
Observed range: S$15.99 – S$22.18

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 Nippon Express Singapore Building

Where is Nippon Express Singapore Building?⌄

Nippon Express Singapore Building is at 40 Alps Avenue, Singapore 498781, in the Changi planning area.

What is Nippon Express Singapore Building zoned as?⌄

Nippon Express Singapore Building 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 Nippon Express Singapore 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 Nippon Express Singapore Building?⌄

Nippon Express Singapore Building is leasehold. About 9 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at Nippon Express Singapore Building sold for?⌄

Across 1 recorded transaction, the median is S$455 psf. The latest was in January 2018.

What does industrial space near Nippon Express Singapore Building rent for?⌄

JTC's rental returns for Alps Avenue put the median at about S$1.71 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Alps Avenue, not a rent quoted for Nippon Express Singapore Building itself.

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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.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

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.

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, URA car park data (URA Data Service), PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

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.