IndustrialBUSINESS 1LeaseholdDistrict 19 · Serangoon

Polymicro

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 2009

Quick Summary

Polymicro is a industrial building in District 19 · Serangoon, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 55 years remaining. 2 transactions are on record since 1995, most recently in Nov 2009. ACRA records 9 live company registrations at this address.

The facts are here — now get the verdict on Polymicro.

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What are the key facts about Polymicro?

Key takeawayPolymicro is a industrial building in District 19 · Serangoon, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 19 · Serangoon
Address: 56 Serangoon North Avenue 4
Land area: 4,998 sqm
Completed: Not on record
Storeys: Not on record
Owner: AIMS APAC REIT (SGX filings)
Estate (JTC): Serangoon North Industrial Estate
Transactions on record: 2 (records start 1995)
Live listings: None
ACRA registrations: 9

Who owns Polymicro, and what is it valued at?

Key takeawayPolymicro is owned by AIMS APAC 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.

56 Serangoon North Avenue 4

Valued at S$30.4 million as at 31 Mar 2026, by JLL.

per AIMS APAC REIT's SGX filing, 7 May 2026

Earlier: S$29.5 million (31 Mar 2025) · S$27 million (31 Mar 2024) · S$19.8 million (31 Mar 2023)

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 Polymicro?

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 Polymicro

Polymicro is an industrial building in Serangoon (District 19). It is located along Serangoon North Avenue 4, Singapore 555851.

Under the URA Master Plan the site is zoned Business 1 with a gross plot ratio of 2.5. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

The site is leasehold, with about 55 years left to run. It sits on about 4,998 sqm of land with roughly 12,496 sqm of gross floor area.

2 transactions have been recorded here, at a median of S$208 psf. The most recent was in November 2009.

Across JTC's rental returns for Serangoon North Avenue 4, the median rent for industrial space on this street works out to about S$1.95 psf per month over 69 observations. Observed medians on the street span S$1.14 to S$3.01 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 3.4 km away. The closest business-park zone is about 4.1 km away. The closest bus stop (Opp Blk 953) is 158 m away (about a 2-minute walk).

9 businesses are currently registered at this address with ACRA.

What is Polymicro zoned as?

Key takeawayPolymicro sits on land zoned BUSINESS 1 with a gross plot ratio of 2.5.

Land-use zone: BUSINESS 1
Gross plot ratio: 2.5

Run the full zoning report for this building →

What has Polymicro sold for?

Key takeaway2 transactions are on record since 1995, most recently in Nov 2009 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Nov 2009	Single-user Factory	S$14.80M	53,810 sqft	$275
May 2006	Single-user Factory	S$7.60M	53,810 sqft	$141

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 Polymicro rent for?

Key takeawayNo rent is published for Polymicro itself. On its street, Serangoon North Avenue 4, strata factory space rented at a median of $2.81 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 Serangoon North Avenue 4

Street level · 2026Q3

25th pct

—

— psm

Median

$2.81

$30.23 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +3.6% on a year earlier

2023Q4 · $30.82 psm2026Q3 · $30.23 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 Polymicro

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 Polymicro?

Key takeawayURA's planning decisions at Polymicro since 2000 are below. 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.

2 Jun 2014Approved
Additions & alterations
Proposed additions and alterations to the existing 7-storey factory involving conversion of single-user to multiple-user factory on lot 15779t at mk 18 at 56 serangoon north avenue 4 (serangoon planning area)
9 Oct 2007Approved
Additions & alterations
Proposed additions and alterations to the existing 7-storey single user single occupier factory building on (jtc leasehold land)

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).

How does Serangoon North Avenue 4 price?

Key takeawaySerangoon North Avenue 4's current JTC street rent is S$30.23 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 5.6% (5.0% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$555

Indicative street yield

5.6% gross

5.0% net of property tax

An INDICATIVE street-level yield, not a yield for any particular unit: the current-quarter JTC street rent divided by the street's strata sale PSF median.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Street figures cover strata deals only — land and strata PSF are not comparable.

What is near Polymicro?

Amenities nearby

Opp Blk 953 · 158 mDedicare Medical Practice & Surgery @ Hougang · 186 mEducational Institution · 385 mCi Yuan Hawker Centre · 820 mInstitute of Mental Health · 1.1 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Polymicro

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Fernvale, 1.7 km away. 9 public car parks are within 500 m.

Foot traffic: busier than 71% of industrial buildings

no MRT/LRT within 1 km (nearest Fernvale, 1.7 km); bus stops within 400 m: 13, about 25,000 taps a weekday; Serangoon: 38,451 resident workers (Census 2020, by workplace); about 60,000 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

13 bus stops within 400 m, with about 25,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 955A Hougang Avenue 9 (HDB)259 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 778 car lots
Blk 966A Hougang Avenue 9 (HDB)266 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 784 car lots
Blk 504A Serangoon North Avenue 4 (HDB)317 m
S$0.60 per half-hour at midday on a weekday · gantry 2 m · 450 car lots
Blk 531/536 Serangoon North Avenue 4 (HDB)323 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 270 car lots
Blk 950 To 976 Hougang Avenue 9 /Street 91 (HDB)372 m
no short-term parking · 500 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Service Rd (Jln Kelulu T), 715 m away, S$90/month.

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

Who's registered at Polymicro?

Key takeaway9 live companies (and LLPs and branches; sole proprietors are not counted) list Polymicro as their registered address. These are registered businesses, not who occupies the space.

Manufacturing
4
Financial and insurance
4
Professional, scientific and technical services
1
Wholesale and retail trade
0
Accommodation and food services
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.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$20.94 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$20.94 psm/mo
Observed range: S$12.26 – S$32.36

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 Polymicro

Where is Polymicro?⌄

Polymicro is at 56 Serangoon North Avenue 4, Singapore 555851, in the Serangoon planning area.

What is Polymicro zoned as?⌄

Polymicro is zoned Business 1 under the URA Master Plan, with a gross plot ratio of 2.5. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

What kind of business can operate at Polymicro?⌄

Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of Polymicro?⌄

Polymicro is leasehold. About 55 years remain on the lease.

What have units at Polymicro sold for?⌄

Across 2 recorded transactions, the median is S$208 psf. The latest was in November 2009.

What does industrial space near Polymicro rent for?⌄

JTC's rental returns for Serangoon North Avenue 4 put the median at about S$1.95 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Serangoon North Avenue 4, not a rent quoted for Polymicro itself.

How many businesses are registered at Polymicro?⌄

9 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.

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.

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.

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.

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".

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, the owner's SGX filings, HDB car park information (data.gov.sg), PropKaki's foot-traffic model, CommercialGuru — 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.

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.