IndustrialBUSINESS 1FreeholdDistrict 19 · Hougang

Solstice Business Center

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 2026

Quick Summary

Solstice Business Center is a industrial building in District 19 · Hougang, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is freehold. 84 transactions are on record since 1995, at a median S$571 psf, most recently in Aug 2026. 13 units are currently listed for sale or rent. ACRA records 375 live company registrations at this address.

The facts are here — now get the verdict on Solstice Business Center.

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What are the key facts about Solstice Business Center?

Key takeawaySolstice Business Center is a industrial building in District 19 · Hougang, zoned BUSINESS 1, held freehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Freehold
District / Area: District 19 · Hougang
Address: 23 New Industrial Road
Land area: 3,805 sqm
Completed: Not on record
Storeys: Not on record
Strata units (MCST): 67
Managing agent: EDMUND TIE & COMPANY PROPERTY MANAGEMENT SERVICES PTE LTD
Strata formed: 2014 (MCST 4048)
Units with a recorded sale: At least 51
Listed as: Light Industrial (B1)
Transactions on record: 84 (records start 1995)
Live listings: 13
ACRA registrations: 375

About Solstice Business Center

Solstice Business Center is an industrial building in Hougang (District 19). It is located along New Industrial Road, Singapore 536209.

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 freehold. It sits on about 3,805 sqm of land with roughly 9,514 sqm of gross floor area.

83 transactions have been recorded here, at a median of S$564 psf. The most recent was in August 2026.

Across JTC's rental returns for New Industrial Road, the median rent for industrial space on this street works out to about S$2.03 psf per month over 104 observations. Observed medians on the street span S$0.88 to S$2.86 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

2 industrial projects are still uncompleted on this street, adding about 15,440 sqm of gross floor area, the earliest due around 2028.

The nearest port or airport land is about 7.2 km away. The closest business-park zone is about 303 m away. The nearest MRT is Bartley MRT, 566 m away (about a 9-minute walk). The closest bus stop (Aft Rochdale Rd) is 182 m away (about a 3-minute walk).

406 businesses are currently registered at this address with ACRA.

What is Solstice Business Center zoned as?

Key takeawaySolstice Business Center 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 Solstice Business Center sold for?

Key takeawayAcross 84 recorded transactions since 1995, the median price is about S$878k, most recently in Aug 2026.

Date	Use	Price	Area	PSF
Aug 2026	Multiple-user Factory	S$1.35M	1,206 sqft	$1,120
Aug 2026	Multiple-user Factory	S$1.75M	1,518 sqft	$1,153
Apr 2026	Multiple-user Factory	S$1.64M	1,259 sqft	$1,301
Feb 2026	Multiple-user Factory	S$1.43M	1,410 sqft	$1,014
Mar 2025	Multiple-user Factory	S$1.63M	1,518 sqft	$1,074
Mar 2024	Multiple-user Factory	S$2.20M	1,787 sqft	$1,231
May 2023	Multiple-user Factory	S$1.29M	1,528 sqft	$845
Nov 2022	Multiple-user Factory	S$1.25M	1,518 sqft	$824
Oct 2021	Multiple-user Factory	S$1.03M	1,378 sqft	$750
Apr 2021	Multiple-user Factory	S$1.02M	1,410 sqft	$723

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 Solstice Business Center rent for?

Key takeawayJTC publishes leases at Solstice Business Center itself: strata factory space leased at a median of $2.66 psf a month in 2026Q2, with the middle half of leases between $2.47 and $2.76. That is the building's figure across its leases, and never a quote for a particular unit.

Strata factory space in this building

This building · 2026Q2

25th pct

$2.47

$26.59 psm

Median

$2.66

$28.64 psm

75th pct

$2.76

$29.69 psm

S$ per sq ft per month · median +3.4% on a year earlier

2022Q2 · $21.91 psm2026Q2 · $28.64 psm median

JTC's percentiles of the gross rent declared to IRAS for strata factory units leased in THIS building in the stated quarter (J-SPACE). It is the building's figure across its leases, not any one unit's rent; a unit's floor, size and fit-out move it. '*' quarters (too few leases) are absent, not zero.

Source: JTC J-SPACE, rentals of strata-titled multiple-user factories.

Strata factory space on New Industrial Road

Street level · 2026Q3

25th pct

—

— psm

Median

$2.84

$30.60 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +4.2% on a year earlier

2023Q4 · $23.43 psm2026Q3 · $30.60 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 Solstice Business Center

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.

How fast units move at Solstice Business Center

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 7 units for rent; 6 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 1 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 2 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

What's been approved at Solstice Business Center?

Key takeawayURA has approved 1 change of use at Solstice Business Center since 2000, most recently in 2016. 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.

8 Sept 2016ApprovedFloor 3
Change of use to first aid training
Proposed change of use of factory unit #03-XX to first aid training at the existing 8-storey multi-user light industrial building

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 New Industrial Road price?

Key takeawayNew Industrial Road's current JTC street rent is S$30.60 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 4.6% (4.1% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$723

Indicative street yield

4.6% gross

4.1% 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 available at Solstice Business Center right now?

Key takeaway13 units are currently listed at Solstice Business Center — 6 for sale and 7 for rent. One row per unit; several agents often market the same unit.

For sale (6)

Solstice Business CentreS$1.75M · 1,410 sqft
Solstice Business Centre2 agentsS$1.60M · 1,206 sqft
Solstice Business Centre2 agentsS$1.97M · 1,572 sqft
RARE Freehold Big Industrial LandS$110.00M · 42,000 sqft

For rent (7)

Solstice Business CentreS$4k/mo · 1,517 sqft
Solstice Business Centre2 agentsS$4k/mo · 1,517 sqft
Solstice Business Centre2 agentsS$5k/mo · 1,572 sqft
Solstice Business Centre2 agentsS$4k/mo · 1,410 sqft

Browse every listing at this building →

What is near Solstice Business Center?

Key takeawayThe nearest MRT/LRT is Bartley MRT, about 566 m away.

Getting around

Bartley MRT566 m · ~9 min

Amenities nearby

Aft Rochdale Rd · 182 mEducational Institution · 192 mBusiness Park · 303 mKong Kian Clinic · 357 mBartley MRT Exit A · 562 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Solstice Business Center

Key takeawayThe nearest station is Bartley (CC12), 562 m away — a moderately busy station, with about 19,000 taps in and out on an average weekday. 3 public car parks are within 500 m.

Foot traffic: busier than 77% of industrial buildings

nearest MRT/LRT Bartley (CC12) 562 m, about 19,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 4, about 3,920 taps a weekday; Hougang: 43,772 resident workers (Census 2020, by workplace); about 31,000 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

Bartley (CC12)562 m · about 19,000 weekday taps
Tai Seng (CC11)868 m · about 45,000 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 Solstice Business Center. Transfers between lines don't tap, so interchanges read low.

Bus

4 bus stops within 400 m, with 3,920 boardings and alightings on an average weekday.

Public car parks within 500 m

New Industrial Rd (URA)52 m
S$0.60 per half-hour at midday on a weekday · 10 car lots
Kim Chuan Rd (URA)460 m
S$0.60 per half-hour at midday on a weekday · 25 car lots
Blk 182 Hougang Street 13 (HDB)466 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 279 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: Kampong Ampat Industri Al Estate, 968 m away, S$90/month.

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

Who's registered at Solstice Business Center?

Key takeaway375 live companies (and LLPs and branches; sole proprietors are not counted) list Solstice Business Center as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
113
Professional, scientific and technical services
97
Financial and insurance
45
Information and communications
41
Construction
22
Administrative and support services
14
Manufacturing
9
Real estate
8
Education
7
Other services
6

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$21.86 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$21.86 psm/mo
Observed range: S$9.46 – S$30.78
Pipeline on this street: 2 projects · 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.

Frequently asked questions about Solstice Business Center

Where is Solstice Business Center?⌄

Solstice Business Center is at 23 New Industrial Road, Singapore 536209, in the Hougang planning area.

What is Solstice Business Center zoned as?⌄

Solstice Business Center 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 Solstice Business Center?⌄

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 Solstice Business Center?⌄

Solstice Business Center is freehold.

What have units at Solstice Business Center sold for?⌄

Across 83 recorded transactions, the median is S$564 psf. The latest was in August 2026.

What does industrial space near Solstice Business Center rent for?⌄

JTC's rental returns for New Industrial Road put the median at about S$2.03 psf per month. That is a street-level figure from undated snapshots covering all industrial space on New Industrial Road, not a rent quoted for Solstice Business Center itself.

What is the nearest MRT station to Solstice Business Center?⌄

Bartley MRT is the closest, 566 m away (about a 9-minute walk).

How many businesses are registered at Solstice Business Center?⌄

406 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".

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, 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.

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.