IndustrialBUSINESS 1LeaseholdDistrict 22 · Clementi

Tradehub 21

Reviewed by Nathan TangUpdated 8 November 2026Data through Jul 2024

Quick Summary

Tradehub 21 is a industrial building in District 22 · Clementi, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.0. It is leasehold with roughly 37 years remaining. 15 transactions are on record since 1995, at a median S$493 psf, most recently in Jul 2024. ACRA records 21 live company registrations at this address.

The facts are here — now get the verdict on Tradehub 21.

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What are the key facts about Tradehub 21?

Key takeawayTradehub 21 is a industrial building in District 22 · Clementi, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.0
Tenure: Leasehold
District / Area: District 22 · Clementi
Address: 24 Boon Lay Way
Land area: —
Completed: Not on record
Storeys: 2 (© OpenStreetMap contributors)
Strata units (MCST): 653
Managing agent: NEWMAN SRE PTE LTD
Strata formed: 2008
Units with a recorded sale: At least 10
Transactions on record: 15 (records start 1995)
Live listings: None
ACRA registrations: 21

About Tradehub 21

Tradehub 21 is an industrial building in Clementi (District 22). It is located along Boon Lay Way, Singapore 609969.

Under the URA Master Plan the site is zoned Business 1 with a gross plot ratio of 2. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

The site is leasehold, with about 37 years left to run.

15 transactions have been recorded here, at a median of S$493 psf. The most recent was in July 2024.

Across JTC's rental returns for Boon Lay Way, the median rent for industrial space on this street works out to about S$2.30 psf per month over 77 observations. Observed medians on the street span S$1.37 to S$3.73 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 3.7 km away. The closest business-park zone is about 377 m away. The closest bus stop (Aft Boon Lay Sub Stn) is 204 m away (about a 3-minute walk).

22 businesses are currently registered at this address with ACRA.

What is Tradehub 21 zoned as?

Key takeawayTradehub 21 sits on land zoned BUSINESS 1 with a gross plot ratio of 2.0.

Land-use zone: BUSINESS 1
Gross plot ratio: 2.0

Run the full zoning report for this building →

What has Tradehub 21 sold for?

Key takeawayAcross 15 recorded transactions since 1995, the median price is about S$1.92M, most recently in Jul 2024.

Date	Use	Price	Area	PSF
Jul 2024	Multiple-user Factory	S$2.20M	3,854 sqft	$571
Jan 2023	Multiple-user Factory	S$2.10M	3,854 sqft	$545
Jan 2021	Multiple-user Factory	S$1.77M	3,854 sqft	$459
Aug 2016	Multiple-user Factory	S$1.80M	3,854 sqft	$467
May 2016	Multiple-user Factory	S$1.92M	3,854 sqft	$498
Mar 2016	Multiple-user Factory	S$1.90M	3,854 sqft	$493
Oct 2015	Multiple-user Factory	S$1.95M	3,854 sqft	$506
Aug 2015	Multiple-user Factory	S$3.90M	7,707 sqft	$506
Jul 2015	Multiple-user Factory	S$2.00M	3,854 sqft	$519
Jun 2015	Multiple-user Factory	S$2.00M	3,854 sqft	$519

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 Tradehub 21 rent for?

Key takeawayJTC publishes leases at Tradehub 21 itself: strata factory space leased at a median of $2.60 psf a month in 2026Q3, with the middle half of leases between $2.47 and $2.65. 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 · 2026Q3

25th pct

$2.47

$26.63 psm

Median

$2.60

$27.96 psm

75th pct

$2.65

$28.57 psm

S$ per sq ft per month · median +3.5% on a year earlier

2023Q4 · $27.31 psm2026Q3 · $27.96 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 Boon Lay Way

Street level · 2026Q3

25th pct

—

— psm

Median

$2.65

$28.57 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +5.5% on a year earlier

2023Q4 · $27.50 psm2026Q3 · $28.57 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 Tradehub 21

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 Tradehub 21?

Key takeawayURA has approved 4 changes of use at Tradehub 21 since 2000, most recently in 2015. 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.

9 Jul 2015ApprovedFloor 1
Change of use to warehouse
Proposed change of use of unit #01-XX of the existing 2-storey light industrial terrace factory to warehouse at 24 boon lay way - tradehub 21 (clementi planning area)
9 Apr 2013ApprovedFloor 1
Change of use to industrial training
Proposed change of use of unit #01-XX of the existing 2-storey light industrial terrace factory to industrial training
5 Mar 2013ApprovedFloor 1
Change of use to industrial training
Proposed change of use of unit #01-XX of the existing 2-storey light industrial terrace factory to industrial training
9 Sept 2008ApprovedFloor 1
Change of use: production area → ancillary workers' dormitory
Change of use of the 2nd storey from production area to ancillary workers' dormitory of the existing 2-storey terrace factory (unit#01-XX)

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 Boon Lay Way price?

Key takeawayBoon Lay Way's current JTC street rent is S$28.57 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 5.9% (5.3% net of property tax).

Strata sales on the street (5y)

157

Street median PSF (strata)

$526

Indicative street yield

5.9% gross

5.3% 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 Tradehub 21?

Amenities nearby

Aft Boon Lay Sub Stn · 204 mBusiness Park · 377 mDrs Koo, Han & Associates · 432 mJurong Community Hospital · 798 mEducational Institution · 1.2 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Tradehub 21

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Jurong East, 1.2 km away. One public car park is within 500 m.

Foot traffic: busier than 61% of industrial buildings

no MRT/LRT within 1 km (nearest Jurong East, 1.2 km); bus stops within 400 m: 3, about 4,894 taps a weekday; Clementi: 38,836 resident workers (Census 2020, by workplace); about 9,931 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.

Bus

3 bus stops within 400 m, with 4,894 boardings and alightings on an average weekday.

Public car parks within 500 m

Boon Lay Way Hvp (URA)321 m

Nearest URA season parking: Teban Gardens Crescent, 1.5 km away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. Tradehub 21's own car park, if it has one, and its charges are not in the open data.

Who's registered at Tradehub 21?

Key takeaway21 live companies (and LLPs and branches; sole proprietors are not counted) list Tradehub 21 as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
9
Manufacturing
3
Construction
2
Information and communications
2
Financial and insurance
2
Professional, scientific and technical services
1
Real estate
1
Other services
1
Education
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$24.76 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$24.76 psm/mo
Observed range: S$14.74 – S$40.18

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 Tradehub 21

Where is Tradehub 21?⌄

Tradehub 21 is at 24 Boon Lay Way, Singapore 609969, in the Clementi planning area.

What is Tradehub 21 zoned as?⌄

Tradehub 21 is zoned Business 1 under the URA Master Plan, with a gross plot ratio of 2. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

What kind of business can operate at Tradehub 21?⌄

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 Tradehub 21?⌄

Tradehub 21 is leasehold. About 37 years remain on the lease.

What have units at Tradehub 21 sold for?⌄

Across 15 recorded transactions, the median is S$493 psf. The latest was in July 2024.

What does industrial space near Tradehub 21 rent for?⌄

JTC's rental returns for Boon Lay Way put the median at about S$2.30 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Boon Lay Way, not a rent quoted for Tradehub 21 itself.

How many businesses are registered at Tradehub 21?⌄

22 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.

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, URA car park data (URA Data Service), 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.