IndustrialBUSINESS 2LeaseholdDistrict 16 · Tampines

Presscrete Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Jul 2007
Quick Summary

Presscrete 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 1.6. It is leasehold with roughly 68 years remaining. 1 transaction is on record since 1995, most recently in Jul 2007. ACRA records 17 live company registrations at this address.

1

What are the key facts about Presscrete Building?

Key takeawayPresscrete Building is a industrial building in District 16 · Tampines, zoned BUSINESS 2, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS 2
Gross plot ratio
1.6
Tenure
Leasehold
District / Area
District 16 · Tampines
Address
31 Changi South Avenue 2
Land area
4,957 sqm
Completed
Not on record
Storeys
4 (© OpenStreetMap contributors)
Owner
ESR REIT (SGX filings)
Net lettable area
59,643 sq ft (the owner's annual report (as filed on SGX))
Land lease expires
2055 (the owner's annual report (as filed on SGX))
Estate (JTC)
Changi South Industrial Estate
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
17
2

Who owns Presscrete Building, and what is it valued at?

Key takeawayPresscrete Building is owned by ESR 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.
31 Changi South Avenue 2
Valued at S$12.9 million as at 31 Dec 2025, by Edmund Tie & Company (SEA) Pte Ltd.
31 Changi South Ave 2
Valued at S$13.7 million as at 31 Dec 2023, by C&W.
31 CHANGI SOUTH AVENUE 2: ESR REIT's annual report (2025)
Occupancy
100% (as of 31 Dec 2025)
Land lease expires
28 Feb 2055

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 Presscrete Building

Presscrete Building is an industrial building in Tampines (District 16). It is located along Changi South Avenue 2, Singapore 486478.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 1.6. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 68 years left to run. It sits on about 4,957 sqm of land with roughly 7,931 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$109 psf. The most recent was in July 2007.

Across JTC's rental returns for Changi South Avenue 2, the median rent for industrial space on this street works out to about S$1.20 psf per month over 23 observations. Observed medians on the street span S$0.10 to S$2.75 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

1 industrial project is still uncompleted on this street, adding about 29,190 sqm of gross floor area, the earliest due around 2028.

The nearest port or airport land is about 1.1 km away. The closest business-park zone is about 304 m away. The nearest MRT is Xilin MRT, 607 m away (about a 10-minute walk). The closest bus stop (Aft Sunny Metal & Engrg) is 138 m away (about a 2-minute walk).

18 businesses are currently registered at this address with ACRA.

4

What is Presscrete Building zoned as?

Key takeawayPresscrete Building sits on land zoned BUSINESS 2 with a gross plot ratio of 1.6.
Land-use zone
BUSINESS 2
Gross plot ratio
1.6

Run the full zoning report for this building →

5

What has Presscrete Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jul 2007 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jul 2007Single-user FactoryS$5.80M53,367 sqft$109

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 Presscrete Building rent for?

Key takeawayNo rent is published for Presscrete Building itself. On its street, Changi South Avenue 2, strata factory space rented at a median of $1.68 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 Changi South Avenue 2

Street level · 2026Q3
25th pct
—
— psm
Median
$1.68
$18.08 psm
75th pct
—
— psm

S$ per sq ft per month (median only published) · median +9.2% on a year earlier

2023Q4 · $21.53 psm2026Q3 · $18.08 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 Presscrete 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.

8

What's been approved at Presscrete Building?

Key takeawayURA's planning decisions at Presscrete Building 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.
  1. 3 Apr 2014Approved
    Additions & alterations

    Proposed additions & alterations to the existing 4-storey single user factory building with a 2-storey workers' dormitory block

  2. 20 Jun 2002Approved
    Additions & alterations

    Proposed additions and alterations to existing 4-storey factory complex with a 2-storey workers' dormitory block

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).

9

What is near Presscrete Building?

Key takeawayThe nearest MRT/LRT is Xilin MRT, about 607 m away.

Getting around

Amenities nearby

Aft Sunny Metal & Engrg · 138 mBusiness Park · 304 mRafflesMedical (Changi City Point) · 655 mExpo MRT Exit D · 760 mEducational Institution · 974 mPort / Airport · 1.1 km

Straight-line distances. Source: PropKaki amenities data.

10

Getting there and parking at Presscrete Building

Key takeawayThe nearest station is Expo (CG1 / DT35), 761 m away — a moderately busy station, with about 32,000 taps in and out on an average weekday. 2 public car parks are within 500 m.
Foot traffic: busier than 68% of industrial buildings

nearest MRT/LRT Expo (CG1/DT35) 761 m, about 32,000 taps a weekday; bus stops within 400 m: 3, about 1,412 taps a weekday; Tampines: 84,200 resident workers (Census 2020, by workplace); about 722 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)761 m · about 32,000 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 Presscrete Building. Transfers between lines don't tap, so interchanges read low.

Bus

3 bus stops within 400 m, with 1,412 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Changi South Ave 2 (URA)60 m
    S$0.60 per half-hour at midday on a weekday · 12 car lots
  • Changi South Ave 4 (URA)371 m
    S$0.60 per half-hour at midday on a weekday · 26 car lots

Nearest URA season parking: Changi North Area, 1.7 km away, S$90/month.

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

11

Who's registered at Presscrete Building?

Key takeaway17 live companies (and LLPs and branches; sole proprietors are not counted) list Presscrete Building as their registered address. These are registered businesses, not who occupies the space.
  • Wholesale and retail trade
    6
  • Construction
    3
  • Financial and insurance
    3
  • Professional, scientific and technical services
    3
  • Manufacturing
    2
  • Information and communications
    0
  • Administrative and support services
    0
  • Arts, entertainment and recreation
    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.

12

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$12.94 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$12.94 psm/mo
Observed range
S$1.11 – S$29.60
Pipeline on this street
1 project · earliest TOP 2028

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.

13

Frequently asked questions about Presscrete Building

Where is Presscrete Building?⌄

Presscrete Building is at 31 Changi South Avenue 2, Singapore 486478, in the Tampines planning area.

What is Presscrete Building zoned as?⌄

Presscrete Building is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 1.6. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

What kind of business can operate at Presscrete 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 Presscrete Building?⌄

Presscrete Building is leasehold. About 68 years remain on the lease.

What have units at Presscrete Building sold for?⌄

Across 1 recorded transaction, the median is S$109 psf. The latest was in July 2007.

What does industrial space near Presscrete Building rent for?⌄

JTC's rental returns for Changi South Avenue 2 put the median at about S$1.20 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Changi South Avenue 2, not a rent quoted for Presscrete Building itself.

What is the nearest MRT station to Presscrete Building?⌄

Xilin MRT is the closest, 607 m away (about a 10-minute walk).

How many businesses are registered at Presscrete Building?⌄

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

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