IndustrialBUSINESS PARK - WHITEDistrict 16 · Tampines

One@Changi City

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

One@Changi City is a industrial building in District 16 · Tampines, on land zoned BUSINESS PARK - WHITE under the URA Master Plan with a gross plot ratio of 2.5. ACRA records 20 live company registrations at this address.

The facts are here — now get the verdict on One@Changi City.

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What are the key facts about One@Changi City?

Key takeawayOne@Changi City is a industrial building in District 16 · Tampines, zoned BUSINESS PARK - WHITE.

Asset class: Industrial
Land-use zone: BUSINESS PARK - WHITE
Gross plot ratio: 2.5
Tenure: Not on record
District / Area: District 16 · Tampines
Address: 1 Changi Business Park Central 1
Land area: —
Completed: Not on record
Storeys: Not on record
Developer: CapitaLand (per CommercialGuru)
Strata units (MCST): 3
Managing agent: XIAOHONG PROPERTY MANAGEMENT PTE. LTD.
Strata formed: 2014 (MCST 4046)
Owner: CapitaLand Ascendas REIT (SGX filings)
Net lettable area: 665,898 sq ft (the owner's annual report (as filed on SGX))
Land lease expires: 2069 (the owner's annual report (as filed on SGX))
Estate (JTC): Changi Business Park
Transactions on record: None recorded
Live listings: None
ACRA registrations: 20

No recorded transactions — this building has never generated a strata caveat (typically single-owner or lease-only stock). That is not missing data, and it says nothing about the building's value, occupancy or availability.

Who owns One@Changi City, and what is it valued at?

Key takeawayOne@Changi City 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.

Valued at S$528 million as at 31 Dec 2025, by Knight Frank.

per CapitaLand Ascendas REIT's SGX filing, 5 Feb 2026

Earlier: S$509.6 million (31 Dec 2024) · S$505.8 million (31 Dec 2023) · S$504.5 million (31 Dec 2022)

1 Changi Business Park Central 1: CapitaLand Ascendas REIT's annual report (2025)

Land tenure: Leasehold 60 years(a)

per CapitaLand Ascendas REIT's annual report (SGX), 1 Apr 2026, page 107

ONE@Changi City: CapitaLand Ascendas REIT's annual report (2025)

Occupancy: 99.5% (as of 31 Dec 2025)
Land lease expires: 29 Apr 2069

per CapitaLand Ascendas REIT's annual report (SGX), 1 Apr 2026, page 107

Whole-building deals

Announced 9 Dec 2015
HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of A-REIT bought One@Changi City for S$420 million (purchase consideration) from Ascendas Frasers Pte. Ltd..
At the time: NLA 679,267 sq ft · occupancy 97.1% (Sep 2015)
Announcement on SGX

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.

What are the specs at One@Changi City?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.

Facilities: car park; Source: CommercialGuru

About One@Changi City

One@Changi City is an industrial building in Tampines (District 16). It is located along Changi Business Park Central 1, Singapore 486036.

Under the URA Master Plan the site is zoned Business Park - White with a gross plot ratio of 2.5.

Across JTC's rental returns for Changi Business Park Central 1, the median rent for industrial space on this street works out to about S$4.00 psf per month over 12 observations. Observed medians on the street span S$3.70 to S$5.10 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 1.4 km away. The closest business-park zone is about 0 m away. The nearest MRT is Expo MRT, 148 m away (about a 2-minute walk). The closest bus stop (Changi City Pt) is 48 m away (about a 1-minute walk).

20 businesses are currently registered at this address with ACRA.

What is One@Changi City zoned as?

Key takeawayOne@Changi City sits on land zoned BUSINESS PARK - WHITE with a gross plot ratio of 2.5.

Land-use zone: BUSINESS PARK - WHITE
Gross plot ratio: 2.5

Run the full zoning report for this building →

Market context around One@Changi City

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.

What is near One@Changi City?

Key takeawayThe nearest MRT/LRT is Expo MRT, about 148 m away.

Getting around

Expo MRT148 m · ~2 min

Amenities nearby

Business Park - White · 0 mChangi City Pt · 48 mExpo MRT Exit F · 138 mParkway Shenton Medical Group (Changi Business Park Crescent) · 224 mEducational Institution · 662 mPort / Airport · 1.4 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at One@Changi City

Key takeawayThe nearest station is Expo (CG1 / DT35), 137 m away — a moderately busy station, with about 32,000 taps in and out on an average weekday. One public car park is within 500 m.

Foot traffic: busier than 89% of industrial buildings

nearest MRT/LRT Expo (CG1/DT35) 137 m, about 32,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 9, about 6,849 taps a weekday; Tampines: 84,200 resident workers (Census 2020, by workplace); about 7,669 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

Expo (CG1 / DT35)137 m · about 32,000 weekday taps
Upper Changi (DT34)825 m · about 12,000 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 One@Changi City. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with 6,849 boardings and alightings on an average weekday.

Public car parks within 500 m

Changi South St 2 (URA)265 m
S$0.60 per half-hour at midday on a weekday · 77 car lots

Nearest URA season parking: Changi South Lane, 1.1 km away, S$90/month.

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

How many companies are registered at One@Changi City?

Key takeawayACRA records 20 live company registrations at this address, 10 of them in the last three years.

Live registrations: 20
Registered last 3 years: 10

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$43.05 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$43.05 psm/mo
Observed range: S$39.79 – S$54.88

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 One@Changi City

Where is One@Changi City?⌄

One@Changi City is at 1 Changi Business Park Central 1, Singapore 486036, in the Tampines planning area.

What is One@Changi City zoned as?⌄

One@Changi City is zoned Business Park - White under the URA Master Plan, with a gross plot ratio of 2.5.

Have there been any recorded transactions at One@Changi City?⌄

No caveats have been lodged for One@Changi City in the records we track. That is common for single-owner industrial buildings, which never generate strata transactions.

What does industrial space near One@Changi City rent for?⌄

JTC's rental returns for Changi Business Park Central 1 put the median at about S$4.00 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Changi Business Park Central 1, not a rent quoted for One@Changi City itself.

What is the nearest MRT station to One@Changi City?⌄

Expo MRT is the closest, 148 m away (about a 2-minute walk).

How many businesses are registered at One@Changi City?⌄

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

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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Developer: as CommercialGuru names it, not checked against an official record.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

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.

Owner: the REIT or SGX-listed company whose latest valuation notice or annual report lists this building (a later divestment removes it). '(N% interest)' or '(part of the strata)' when it holds less than the whole. A building with no listed owner shows none — a private owner is never named.

Net lettable area: as the owner's latest annual report prints it (sq m converted to sq ft where needed).

Land lease expiry: the year the owner's SGX filing prints for the land lease (state land; JTC for industrial).

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

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.

Tenure is not recorded for this building. Commercial tenure coverage is roughly 40% (industrial is far better at ~90%).

Median across 2000Q1-2026Q2 — an all-time level, NOT a current rent. Quote the latest quarter for "what does it rent for now".

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 CommercialGuru, BCA's MCST register, JTC estate boundaries, URA planning decisions, the owner's SGX filings, the owner's annual report (as filed on SGX), URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Owners, valuations and deals: the owners' own filings on SGX (notices of valuation of real assets, acquisition and divestment announcements, annual reports), facts only, each with its date.

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.