IndustrialBUSINESS 2LeaseholdDistrict 25 · Sembawang

Progen Building

Reviewed by Nathan TangUpdated 8 November 2026Data through May 2004

Quick Summary

Progen Building is a industrial building in District 25 · Sembawang, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 39 years remaining. 1 transaction is on record since 1995, most recently in May 2004. ACRA records 4 live company registrations at this address.

The facts are here — now get the verdict on Progen Building.

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What are the key facts about Progen Building?

Key takeawayProgen Building is a industrial building in District 25 · Sembawang, zoned BUSINESS 2, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 2
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 25 · Sembawang
Address: 12 Woodlands Loop
Land area: 14,205 sqm
Completed: Not on record
Storeys: 4 (© OpenStreetMap contributors)
Owner: CapitaLand Ascendas REIT (SGX filings)
Net lettable area: 178,605 sq ft (the owner's annual report (as filed on SGX))
Estate (JTC): Woodlands East Industrial Estate
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 4

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

Key takeawayProgen Building 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.

12 Woodlands Loop

Valued at S$42.3 million as at 31 Dec 2025, by C&W.

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

Earlier: S$41.1 million (31 Dec 2024) · S$29 million (31 Dec 2022)

12 Woodlands Loop: CapitaLand Ascendas REIT's annual report (2025)

Occupancy: 100% (as of 31 Dec 2025)

per CapitaLand Ascendas REIT's annual report (SGX), 1 Apr 2026, page 50

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.

About Progen Building

Progen Building is an industrial building in Sembawang (District 25). It is located along Woodlands Loop, Singapore 738283.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 39 years left to run. It sits on about 14,205 sqm of land with roughly 35,512 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$162 psf. The most recent was in May 2004.

Across JTC's rental returns for Woodlands Loop, the median rent for industrial space on this street works out to about S$1.92 psf per month over 36 observations. Observed medians on the street span S$0.75 to S$3.14 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 2.8 km away. The nearest MRT is Admiralty MRT Exit D, 988 m away (about a 15-minute walk). The closest bus stop (Jordon Food Ind) is 137 m away (about a 2-minute walk).

5 businesses are currently registered at this address with ACRA.

What is Progen Building zoned as?

Key takeawayProgen Building sits on land zoned BUSINESS 2 with a gross plot ratio of 2.5.

Land-use zone: BUSINESS 2
Gross plot ratio: 2.5

Run the full zoning report for this building →

What has Progen Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in May 2004 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
May 2004	Single-user Factory	S$24.80M	152,908 sqft	$162

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

Market context around Progen 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 Progen Building?

Key takeawayURA's planning decisions at Progen 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.

11 Dec 2019Approved
Additions & alterations
Proposed free standing rear gate with staircase to existing factory development on lot 05968n mk 13 at 12 woodlands loop (sembawang planning area)
19 Oct 2010Agency worksFloor 3
Additions & alterations
Proposed steel platform at unit #03-XX of existing 4-storey detached factory
5 Sept 2001Approved
Additions & alterations
Proposed additions & alterations to existing 4-storey single-user factory with ancillary office (plot a15994)

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 Woodlands Loop price?

Key takeawayAcross 19 strata sales on Woodlands Loop in the last 5 years, the median is $102 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$102

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

What is near Progen Building?

Amenities nearby

Jordon Food Ind · 137 mEH Medical · 166 mEducational Institution · 343 mAdmiralty MRT Exit D · 988 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Progen Building

Key takeawayThe nearest station is Admiralty (NS10), 989 m away — one of the busiest stations, with about 84,000 taps in and out on an average weekday. 10 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 82% of industrial buildings

nearest MRT/LRT Admiralty (NS10) 989 m, about 84,000 taps a weekday; bus stops within 400 m: 8, about 7,835 taps a weekday; Sembawang: 40,152 resident workers (Census 2020, by workplace); about 54,000 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

Admiralty (NS10)989 m · about 84,000 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 Progen Building. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with 7,835 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 785 Woodlands Rise (HDB)157 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 487 car lots
Blk 783 Woodlands Rise (HDB)192 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m
Blk 781 To 783 Woodlands Avenue 9/Crescent/Rise (HDB)219 m
no short-term parking · 390 car lots
Woodlands Loop (URA)245 m
S$0.60 per half-hour at midday on a weekday · 30 car lots
Blk 782 Woodlands Crescent (HDB)248 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 335 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.

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

Who's registered at Progen Building?

Key takeaway4 live companies (and LLPs and branches; sole proprietors are not counted) list Progen Building as their registered address. These are registered businesses, not who occupies the space.

Transportation and storage
3
Manufacturing
1
Construction
0
Wholesale and retail trade
0
Financial and insurance
0
Administrative and support 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$20.67 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$20.67 psm/mo
Observed range: S$8.11 – S$33.79

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 Progen Building

Where is Progen Building?⌄

Progen Building is at 12 Woodlands Loop, Singapore 738283, in the Sembawang planning area.

What is Progen Building zoned as?⌄

Progen Building is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

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

Progen Building is leasehold. About 39 years remain on the lease.

What have units at Progen Building sold for?⌄

Across 1 recorded transaction, the median is S$162 psf. The latest was in May 2004.

What does industrial space near Progen Building rent for?⌄

JTC's rental returns for Woodlands Loop put the median at about S$1.92 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Woodlands Loop, not a rent quoted for Progen Building itself.

What is the nearest MRT station to Progen Building?⌄

Admiralty MRT Exit D is the closest, 988 m away (about a 15-minute walk).

How many businesses are registered at Progen Building?⌄

5 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.

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

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.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

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".

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, the owner's SGX filings, the owner's annual report (as filed on SGX), HDB car park information (data.gov.sg), URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — 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.