IndustrialBUSINESS PARKLeaseholdDistrict 22 · Jurong East

Nordic European Centre

Reviewed by Nathan TangUpdated 8 November 2026Data through Jun 2011
Quick Summary

Nordic European Centre is a industrial building in District 22 · Jurong East, on land zoned BUSINESS PARK under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 65 years remaining. 2 transactions are on record since 1995, most recently in Jun 2011. 13 units are currently listed for rent. ACRA records 89 live company registrations at this address.

1

What are the key facts about Nordic European Centre?

Key takeawayNordic European Centre is a industrial building in District 22 · Jurong East, zoned BUSINESS PARK, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS PARK
Gross plot ratio
2.5
Tenure
Leasehold
District / Area
District 22 · Jurong East
Address
3 International Business Park
Land area
11,359 sqm
Completed
Not on record
Storeys
7 (© OpenStreetMap contributors)
Owner
CapitaLand Ascendas REIT (SGX filings)
Net lettable area
236,752 sq ft (the owner's annual report (as filed on SGX))
Land lease expires
2057 (the owner's annual report (as filed on SGX))
Estate (JTC)
International Business Park
Listed as
Business / Science Park, Office
Transactions on record
2 (records start 1995)
Live listings
13
ACRA registrations
89
2

Who owns Nordic European Centre, and what is it valued at?

Key takeawayNordic European Centre is owned by CapitaLand Ascendas REIT, a REIT listed on SGX. The figures below come from its own SGX filings, each with its date. A valuation is an independent valuer's opinion for the owner's accounts, not a sale price.
Nordic European Centre: CapitaLand Ascendas REIT's annual report (2025)
Occupancy
82.7% (as of 31 Dec 2025)
Land lease expires
31 Mar 2057

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.

3

About Nordic European Centre

Nordic European Centre is an industrial building in Jurong East (District 22). It is located along International Business Park, Singapore 609927.

Under the URA Master Plan the site is zoned Business Park with a gross plot ratio of 2.5. Business Park zoning is for high-technology, R&D and knowledge-based activities rather than general industry.

The site is leasehold, with about 65 years left to run. It sits on about 11,359 sqm of land with roughly 28,361 sqm of gross floor area.

2 transactions have been recorded here, at a median of S$756 psf. The most recent was in June 2011.

Across JTC's rental returns for International Business Park, the median rent for industrial space on this street works out to about S$4.16 psf per month over 104 observations. Observed medians on the street span S$1.80 to S$4.83 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 0 m away. The nearest MRT is Jurong East MRT, 936 m away (about a 15-minute walk). The closest bus stop (Bef The Synergy) is 288 m away (about a 4-minute walk).

98 businesses are currently registered at this address with ACRA.

4

What is Nordic European Centre zoned as?

Key takeawayNordic European Centre sits on land zoned BUSINESS PARK with a gross plot ratio of 2.5.
Land-use zone
BUSINESS PARK
Gross plot ratio
2.5
Urban design area
Jurong Lake District Ud Area

Run the full zoning report for this building →

5

What has Nordic European Centre sold for?

Key takeaway2 transactions are on record since 1995, most recently in Jun 2011 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jun 2011Business ParkS$121.55M122,263 sqft$994
Apr 2006Business ParkS$63.50M122,263 sqft$519

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

6

What does space at Nordic European Centre rent for?

Key takeawayNo rent is published for Nordic European Centre itself. On its street, International Business Park, strata factory space rented at a median of $4.63 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 International Business Park

Street level · 2026Q3
25th pct
—
— psm
Median
$4.63
$49.80 psm
75th pct
—
— psm

S$ per sq ft per month (median only published) · median -0.3% on a year earlier

2023Q4 · $48.47 psm2026Q3 · $49.80 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.

7

Market context around Nordic European Centre

Key takeawayBrokers' business park figures for this part of Singapore — a broker's market figure, not this building's rent.
CBRE, 2Q 2026
  • Business Park - Rest of Island: Rent S$3.55 psf/mth
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026
  • Business Park (Suburban): Rent S$3.55 psf/mth
Singapore Industrial MarketBeat Q2 2026

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.

8

How fast units move at Nordic European Centre

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 13 units for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 4 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.

9

What's been approved at Nordic European Centre?

Key takeawayURA has approved 4 changes of use at Nordic European Centre since 2000, most recently in 2019. 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.
  1. 10 Mar 2022Renewed
    Continued use as industrial canteen

    Continued use of part of 1st storey ancillary circulation space as industrial canteen at nordic european centre

  2. 5 Mar 2019Approved
    Change of use to industrial canteen

    Proposed change of use of part of 1st storey ancillary circulation space to industrial canteen at nordic european centre

  3. 3 May 2018Approved
    Additions & alterations

    Proposed addition and alteration works to existing 7 storey business park development with 1 basement carpark (nordic european centre) on lot 7269v-mk05 at no 3. international business park (jurong east planning area)

  4. 18 Jun 2008ApprovedFloor 1
    Change of use: cafeteria → ancillary cafeteria

    Proposed change of use to unit #01-XX from cafeteria to ancillary cafeteria and unit #01-XX from independent office to business park use

  5. 4 Apr 2008ApprovedFloor 1
    Change of use: cafeteria → independent offices to the existing nordic european centre

    Proposed change of use of unit #01-XX from cafeteria to independent offices to the existing nordic european centre

  6. 4 Apr 2008ApprovedFloor 1
    Change of use: lobby / exhibition area → cafeteria to the existing nordic european centre

    Proposed change of use of unit #01-XX from lobby / exhibition area to cafeteria to the existing nordic european centre

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).

10

What is available at Nordic European Centre right now?

Key takeaway13 units are currently listed at Nordic European Centre. One row per unit; several agents often market the same unit.

For rent (13)

  • Nordic European CentreS$2k/mo · 527 sqft
  • Nordic European CentreS$6k/mo · 1,500 sqft
  • Nordic European CentreS$8k/mo · 1,700 sqft
  • Nordic European CentreS$3k/mo · 748 sqft

Browse every listing at this building →

11

What is near Nordic European Centre?

Key takeawayThe nearest MRT/LRT is Jurong East MRT, about 936 m away.

Getting around

Amenities nearby

Business Park · 0 mBoston Medical · 82 mBef The Synergy · 288 mJurong Community Hospital · 630 mEducational Institution · 841 mJurong East MRT Exit B · 877 mBlk 37A Teban Gardens Road · 960 m

Straight-line distances. Source: PropKaki amenities data.

12

Getting there and parking at Nordic European Centre

Key takeawayThe nearest station is Jurong East (EW24 / NS1), 877 m away — one of the busiest stations, with about 144,000 taps in and out on an average weekday. One public car park is within 500 m.
Foot traffic: busier than 87% of industrial buildings

nearest MRT/LRT Jurong East (EW24/NS1) 877 m, about 144,000 taps a weekday; bus stops within 400 m: 7, about 9,345 taps a weekday; Jurong East: 62,478 resident workers (Census 2020, by workplace); about 12,000 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.

Stations within 1 km

  • Jurong East (EW24 / NS1)877 m · about 144,000 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to Nordic European Centre. Transfers between lines don't tap, so interchanges read low.

Bus

7 bus stops within 400 m, with 9,345 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Boon Lay Way Hvp (URA)263 m

Nearest URA season parking: Teban Gardens Crescent, 973 m away, S$90/month.

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

13

Who's registered at Nordic European Centre?

Key takeaway89 live companies (and LLPs and branches; sole proprietors are not counted) list Nordic European Centre as their registered address. These are registered businesses, not who occupies the space.
  • Wholesale and retail trade
    27
  • Manufacturing
    12
  • Transportation and storage
    12
  • Professional, scientific and technical services
    10
  • Financial and insurance
    10
  • Information and communications
    8
  • Construction
    7
  • Administrative and support services
    3
  • Accommodation and food services
    0
  • Real estate
    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.

14

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$44.81 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$44.81 psm/mo
Observed range
S$19.38 – S$52.00

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.

15

Frequently asked questions about Nordic European Centre

Where is Nordic European Centre?⌄

Nordic European Centre is at 3 International Business Park, Singapore 609927, in the Jurong East planning area.

What is Nordic European Centre zoned as?⌄

Nordic European Centre is zoned Business Park under the URA Master Plan, with a gross plot ratio of 2.5. Business Park zoning is for high-technology, R&D and knowledge-based activities rather than general industry.

What is the tenure of Nordic European Centre?⌄

Nordic European Centre is leasehold. About 65 years remain on the lease.

What have units at Nordic European Centre sold for?⌄

Across 2 recorded transactions, the median is S$756 psf. The latest was in June 2011.

What does industrial space near Nordic European Centre rent for?⌄

JTC's rental returns for International Business Park put the median at about S$4.16 psf per month. That is a street-level figure from undated snapshots covering all industrial space on International Business Park, not a rent quoted for Nordic European Centre itself.

What is the nearest MRT station to Nordic European Centre?⌄

Jurong East MRT is the closest, 936 m away (about a 15-minute walk).

How many businesses are registered at Nordic European Centre?⌄

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

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