IndustrialBUSINESS PARKLeaseholdDistrict 5 · Queenstown

The Kendall

Reviewed by Nathan TangUpdated 8 November 2026Data through Mar 2015

Quick Summary

The Kendall is a industrial building in District 5 · Queenstown, on land zoned BUSINESS PARK under the URA Master Plan with a gross plot ratio of 2.0. It is leasehold with roughly 74 years remaining. 1 transaction is on record since 1995, most recently in Mar 2015. 1 unit is currently listed for rent. ACRA records 13 live company registrations at this address.

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

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What are the key facts about The Kendall?

Key takeawayThe Kendall is a industrial building in District 5 · Queenstown, zoned BUSINESS PARK, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS PARK
Gross plot ratio: 2.0
Tenure: Leasehold
District / Area: District 5 · Queenstown
Address: 50 Science Park Road
Land area: 10,093 sqm
Completed: Not on record
Storeys: 6 (© OpenStreetMap contributors)
Owner: CapitaLand Ascendas REIT (SGX filings)
Net lettable area: 181,092 sq ft (the owner's SGX filings)
Land lease expires: 2079 (the owner's annual report (as filed on SGX))
Estate (JTC): Science Park III
Listed as: Business / Science Park
Transactions on record: 1 (records start 1995)
Live listings: 1
ACRA registrations: 13

Who owns The Kendall, and what is it valued at?

Key takeawayThe Kendall 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.

Valued at S$124.7 million as at 31 Dec 2025, by CBRE SG.

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

Earlier: S$136.5 million (31 Dec 2024) · S$136.5 million (31 Dec 2023) · S$135.5 million (31 Dec 2022)

The Kendall: CapitaLand Ascendas REIT's annual report (2025)

Land lease expires: 24 Mar 2079

per CapitaLand Ascendas REIT's annual report (SGX), 1 Apr 2026, page 107

Whole-building deals

Announced 30 Mar 2015 · completed 30 Mar 2015
A-REIT bought The Kendall for S$112 million (purchase consideration) from Singapore Science Park Ltd.
At the time: NLA 181,092 sq ft · occupancy 93.2%
Announcement on SGX · completion notice

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 The Kendall

The Kendall is an industrial building in Queenstown (District 05). It is located along Science Park Road, Singapore 117406.

Under the URA Master Plan the site is zoned Business Park with a gross plot ratio of 2. Business Park zoning is for high-technology, R&D and knowledge-based activities rather than general industry.

The site is leasehold, with about 74 years left to run. It sits on about 10,093 sqm of land with roughly 20,186 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$1,031 psf. The most recent was in March 2015.

Across JTC's rental returns for Science Park Road, the median rent for industrial space on this street works out to about S$3.95 psf per month over 88 observations. Observed medians on the street span S$2.20 to S$4.53 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 566 m away. The closest business-park zone is about 0 m away. The nearest MRT is Haw Par Villa MRT, 418 m away (about a 6-minute walk). The closest bus stop (Galen) is 67 m away (about a 1-minute walk).

14 businesses are currently registered at this address with ACRA.

What is The Kendall zoned as?

Key takeawayThe Kendall sits on land zoned BUSINESS PARK with a gross plot ratio of 2.0.

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

Run the full zoning report for this building →

What has The Kendall sold for?

Key takeaway1 transaction is on record since 1995, most recently in Mar 2015 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Mar 2015	Business Park	S$112.00M	108,665 sqft	$1,031

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 The Kendall rent for?

Key takeawayNo rent is published for The Kendall itself. On its street, Science Park Road, strata factory space rented at a median of $4.16 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 Science Park Road

Street level · 2026Q3

25th pct

—

— psm

Median

$4.16

$44.77 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median -2.2% on a year earlier

2023Q4 · $43.05 psm2026Q3 · $44.77 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 The Kendall

Key takeawayBrokers' business park figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

Business Park - City Fringe: Rent S$6.15 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Business Park (City Fringe): Rent S$6.33 psf/mth
Science Park: Rent S$4.88 psf/mth

Singapore Industrial MarketBeat Q2 2026

Official series (JTC, 2026Q3): Business Park occupancy (island-wide) 77.2% (+0.2 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 The Kendall

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 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 The Kendall?

Key takeawayURA's planning decisions at The Kendall 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.

13 Jun 2022Approved
Additions & alterations
Proposed additions and alterations involving change of use from car park lots to transformer room at basement 1 to the existing 7-storey business park development on lot 04122n mk 03 at 50 science park road the kendall singapore 117406 (queenstown planning area)
8 Oct 2019Approved
Additions & alterations
Proposed new erection of sheltered linkway on lots 04124l & 04122n, mk 03 at science park road
3 May 2016Approved
Additions & alterations
Proposed amendment to approved additions and alterations to the existing 6-storey business park development involving alteration to the facade elevations on lot 04122n mk 03 at 50 science park road
16 Oct 2015Approved
Additions & alterations
Proposed additions and alterations to the existing 7-storey business park development involving alteration to the facade elevations on lot 04122n mk 03 at 50 science park road
29 Jan 2010Approved
Additions & alterations
Proposed additions and alterations to an existing 7 storey business park development

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).

What is available at The Kendall right now?

Key takeaway1 unit is currently listed at The Kendall. One row per unit; several agents often market the same unit.

For rent (1)

The KendallS$30k/mo · 6,323 sqft

Browse every listing at this building →

What is near The Kendall?

Key takeawayThe nearest MRT/LRT is Haw Par Villa MRT, about 418 m away.

Getting around

Haw Par Villa MRT418 m · ~7 min

Amenities nearby

Business Park · 0 mGalen · 67 mHaw Par Villa MRT Exit A · 358 mEducational Institution · 492 mPort / Airport · 566 mBL Medical Associates · 574 mNational University Hospital · 772 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at The Kendall

Key takeawayThe nearest station is Haw Par Villa (CC25), 357 m away — a moderately busy station, with about 15,000 taps in and out on an average weekday. No public car park we hold is within 500 m; the nearest is Pasir Panjang Rd - Sou Th Buona Vista Rd (URA), 814 m away, season S$90/month.

Foot traffic: busier than 89% of industrial buildings

nearest MRT/LRT Haw Par Villa (CC25) 357 m, about 15,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 13, about 12,000 taps a weekday; Queenstown: 131,782 resident workers (Census 2020, by workplace); about 5,828 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

Haw Par Villa (CC25)357 m · about 15,000 weekday taps
Kent Ridge (CC24)740 m · about 58,000 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 The Kendall. Transfers between lines don't tap, so interchanges read low.

Bus

13 bus stops within 400 m, with about 12,000 boardings and alightings on an average weekday.

Who's registered at The Kendall?

Key takeaway13 live companies (and LLPs and branches; sole proprietors are not counted) list The Kendall as their registered address. These are registered businesses, not who occupies the space.

Professional, scientific and technical services
5
Financial and insurance
3
Manufacturing
2
Wholesale and retail trade
1
Transportation and storage
1
Health and social services
1

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$42.52 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$42.52 psm/mo
Observed range: S$23.69 – S$48.71

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 The Kendall

Where is The Kendall?⌄

The Kendall is at 50 Science Park Road, Singapore 117406, in the Queenstown planning area.

What is The Kendall zoned as?⌄

The Kendall is zoned Business Park under the URA Master Plan, with a gross plot ratio of 2. Business Park zoning is for high-technology, R&D and knowledge-based activities rather than general industry.

What is the tenure of The Kendall?⌄

The Kendall is leasehold. About 74 years remain on the lease.

What have units at The Kendall sold for?⌄

Across 1 recorded transaction, the median is S$1,031 psf. The latest was in March 2015.

What does industrial space near The Kendall rent for?⌄

JTC's rental returns for Science Park Road put the median at about S$3.95 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Science Park Road, not a rent quoted for The Kendall itself.

What is the nearest MRT station to The Kendall?⌄

Haw Par Villa MRT is the closest, 418 m away (about a 6-minute walk).

How many businesses are registered at The Kendall?⌄

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

For agents · in the PropKaki app

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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

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 acquisition announcement on SGX printed it, at the time of the deal.

Land lease expiry: the year the owner's SGX filing prints for the land lease (state land; JTC for industrial).

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 JTC estate boundaries, the owner's SGX filings, the owner's annual report (as filed on SGX), 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.

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.