IndustrialBUSINESS 2LeaseholdDistrict 14 · Bedok

Shun Li Industrial Park

Reviewed by Nathan TangUpdated 8 November 2026Data through Jul 2005

Quick Summary

Shun Li Industrial Park is a industrial building in District 14 · Bedok, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.0. It is leasehold with roughly 30 years remaining. 2 transactions are on record since 1995, most recently in Jul 2005. ACRA records 2 live company registrations at this address.

The facts are here — now get the verdict on Shun Li Industrial Park.

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What are the key facts about Shun Li Industrial Park?

Key takeawayShun Li Industrial Park is a industrial building in District 14 · Bedok, zoned BUSINESS 2, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 2
Gross plot ratio: 2.0
Tenure: Leasehold
District / Area: District 14 · Bedok
Address: 263 Kaki Bukit Avenue 1
Land area: —
Completed: Not on record
Storeys: 3 (© OpenStreetMap contributors)
Strata units (MCST): 356
Managing agent: OCEAN IFM PTE. LTD.
Strata formed: 2001 (MCST 2557)
Transactions on record: 2 (records start 1995)
Live listings: None
ACRA registrations: 2

About Shun Li Industrial Park

Shun Li Industrial Park is an industrial estate in Bedok (District 14). It is located along Kaki Bukit Avenue 1, Singapore 416066.

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

The site is leasehold, with about 30 years left to run.

2 transactions have been recorded here, at a median of S$124 psf. The most recent was in July 2005.

Across JTC's rental returns for Kaki Bukit Avenue 1, the median rent for industrial space on this street works out to about S$1.60 psf per month over 104 observations. Observed medians on the street span S$0.67 to S$2.20 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 6.5 km away. The closest business-park zone is about 1.8 km away. The nearest MRT is Kaki Bukit MRT, 585 m away (about a 9-minute walk). The closest bus stop (Shun Li Ind Pk) is 80 m away (about a 1-minute walk).

4 businesses are currently registered at this address with ACRA.

What is Shun Li Industrial Park zoned as?

Key takeawayShun Li Industrial Park sits on land zoned BUSINESS 2 with a gross plot ratio of 2.0.

Land-use zone: BUSINESS 2
Gross plot ratio: 2.0

Run the full zoning report for this building →

What has Shun Li Industrial Park sold for?

Key takeaway2 transactions are on record since 1995, most recently in Jul 2005 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Jul 2005	Multiple-user Factory	S$930k	6,910 sqft	$135
Sept 2004	Multiple-user Factory	S$775k	6,910 sqft	$112

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 Shun Li Industrial Park rent for?

Key takeawayNo rent is published for Shun Li Industrial Park itself. On its street, Kaki Bukit Avenue 1, strata factory space rented at a median of $1.95 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 Kaki Bukit Avenue 1

Street level · 2026Q3

25th pct

—

— psm

Median

$1.95

$20.99 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median -2.5% on a year earlier

2023Q4 · $22.01 psm2026Q3 · $20.99 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 Shun Li Industrial Park

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 Shun Li Industrial Park?

Key takeawayURA has approved 2 changes of use at Shun Li Industrial Park since 2000, most recently in 2006. 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.

24 Nov 2006Approved
Change of use to follows : 1st & 3rd storeys : packing-cum-storage of dry food items , 2nd storey
Proposed change of use of the 3-storey corner terrace factory building as follows : 1st & 3rd storeys : packing-cum-storage of dry food items , 2nd storey : manufacuring of medicated oil products with ancillary office.
24 May 2001Approved
Change of use: 4-storey light industrial factory → auto workshop, production, storage and ancillary office
Change of use of h/nos 263 & 265 from a 4-storey light industrial factory to auto workshop, production, storage and ancillary office

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 Kaki Bukit Avenue 1 price?

Key takeawayKaki Bukit Avenue 1's current JTC street rent is S$20.99 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 5.4% (4.8% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$419

Indicative street yield

5.4% gross

4.8% 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 Shun Li Industrial Park?

Key takeawayThe nearest MRT/LRT is Kaki Bukit MRT, about 585 m away.

Getting around

Kaki Bukit MRT585 m · ~9 min

Amenities nearby

Shun Li Ind Pk · 80 mICONCARE Medical Clinic · 255 mEducational Institution · 352 mKaki Bukit MRT Exit A · 483 mBlk 630 Bedok Reservoir Road · 659 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Shun Li Industrial Park

Key takeawayThe nearest station is Kaki Bukit (DT28), 483 m away — a moderately busy station, with about 25,000 taps in and out on an average weekday. No public car park we hold is within 500 m; the nearest is Blk 145A Bedok Reservoir Road (HDB), 503 m away; the nearest URA season parking is Kaki Bukit Ave 4, 689 m away (S$90/month).

Foot traffic: busier than 76% of industrial buildings

nearest MRT/LRT Kaki Bukit (DT28) 483 m, about 25,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 9, about 7,349 taps a weekday; Bedok: 59,875 resident workers (Census 2020, by workplace); about 28,000 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

Kaki Bukit (DT28)483 m · about 25,000 weekday taps
Bedok North (DT29)726 m · about 17,000 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 Shun Li Industrial Park. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with 7,349 boardings and alightings on an average weekday.

Who's registered at Shun Li Industrial Park?

Key takeaway2 live companies (and LLPs and branches; sole proprietors are not counted) list Shun Li Industrial Park as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
1
Information and communications
1
Professional, scientific and technical 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$17.22 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$17.22 psm/mo
Observed range: S$7.18 – S$23.68

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 Shun Li Industrial Park

Where is Shun Li Industrial Park?⌄

Shun Li Industrial Park is at 263 Kaki Bukit Avenue 1, Singapore 416066, in the Bedok planning area.

What is Shun Li Industrial Park zoned as?⌄

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

What kind of business can operate at Shun Li Industrial Park?⌄

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 Shun Li Industrial Park?⌄

Shun Li Industrial Park is leasehold. About 30 years remain on the lease.

What have units at Shun Li Industrial Park sold for?⌄

Across 2 recorded transactions, the median is S$124 psf. The latest was in July 2005.

What does industrial space near Shun Li Industrial Park rent for?⌄

JTC's rental returns for Kaki Bukit Avenue 1 put the median at about S$1.60 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Kaki Bukit Avenue 1, not a rent quoted for Shun Li Industrial Park itself.

What is the nearest MRT station to Shun Li Industrial Park?⌄

Kaki Bukit MRT is the closest, 585 m away (about a 9-minute walk).

How many businesses are registered at Shun Li Industrial Park?⌄

4 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.

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.

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.

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 BCA's MCST register, URA planning decisions, HDB car park information (data.gov.sg), 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.

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.