IndustrialBUSINESS 2LeaseholdDistrict 18 · Tampines

Volex Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2004

Quick Summary

Volex Building is a industrial building in District 18 · Tampines, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 65 years remaining. 2 transactions are on record since 1995, most recently in Dec 2004. 4 units are currently listed for rent. ACRA records 18 live company registrations at this address.

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

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What are the key facts about Volex Building?

Key takeawayVolex Building is a industrial building in District 18 · Tampines, zoned BUSINESS 2, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 2
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 18 · Tampines
Address: 35 Tampines Street 92
Land area: 5,013 sqm
Completed: Not on record
Storeys: 4 (© OpenStreetMap contributors)
Owner: CapitaLand Ascendas REIT (SGX filings)
Net lettable area: 96,132 sq ft (the owner's annual report (as filed on SGX))
Estate (JTC): Tampines Industrial Park A
Listed as: Factory / Workshop (B2), Light Industrial (B1)
Transactions on record: 2 (records start 1995)
Live listings: 4
ACRA registrations: 18

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

Key takeawayVolex 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.

35 Tampines Street 92

Valued at S$16.8 million as at 31 Dec 2025, by C&W.

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

Earlier: S$16.7 million (31 Dec 2024) · S$12.7 million (31 Dec 2022)

35 Tampines Street 92: 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 Volex Building

Volex Building is an industrial building in Tampines (District 18). It is located along Tampines Street 92, Singapore 528880.

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 65 years left to run. It sits on about 5,013 sqm of land with roughly 12,532 sqm of gross floor area.

2 transactions have been recorded here, at a median of S$174 psf. The most recent was in December 2004.

Across JTC's rental returns for Tampines Street 92, the median rent for industrial space on this street works out to about S$1.90 psf per month over 32 observations. Observed medians on the street span S$1.35 to S$4.23 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

1 industrial project is still uncompleted on this street, adding about 6,110 sqm of gross floor area, the earliest due around 2028.

The nearest port or airport land is about 3.2 km away. The closest business-park zone is about 2.1 km away. The nearest MRT is Tampines West MRT, 866 m away (about a 14-minute walk). The closest bus stop (Aft Bedok Ind Pk E) is 298 m away (about a 5-minute walk).

19 businesses are currently registered at this address with ACRA.

What is Volex Building zoned as?

Key takeawayVolex 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 Volex Building sold for?

Key takeaway2 transactions are on record since 1995, most recently in Dec 2004 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Dec 2004	Single-user Factory	S$9.40M	53,949 sqft	$174
Oct 2004	Single-user Factory	S$9.40M	53,949 sqft	$174

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 Volex Building rent for?

Key takeawayNo rent is published for Volex Building itself. On its street, Tampines Street 92, strata factory space rented at a median of $4.23 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 Tampines Street 92

Street level · 2026Q3

25th pct

—

— psm

Median

$4.23

$45.57 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +203.8% on a year earlier

2023Q3 · $36.59 psm2026Q3 · $45.57 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 Volex 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.

How fast units move at Volex Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 4 units 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 is available at Volex Building right now?

Key takeaway4 units are currently listed at Volex Building. One row per unit; several agents often market the same unit.

For rent (4)

Entire building B2 zone | Built to suit option | Tampines West MRT3 agentsS$190k/mo · 100,000 sqft
Ground Floor, Big Format, Food Factory Production EASTERN SingaporeS$16k/mo · 6,240 sqft
35 Tampines Street 92S$211k/mo · 96,133 sqft
Tampines near Safra, T West MrtS$70k/mo · 38,000 sqft

Browse every listing at this building →

What is near Volex Building?

Key takeawayThe nearest MRT/LRT is Tampines West MRT, about 866 m away.

Getting around

Tampines West MRT866 m · ~14 min

Amenities nearby

Aft Bedok Ind Pk E · 298 mEducational Institution · 319 mSt. Andrew's Community Hospital · 719 mBlk 137 Tampines Street 11 · 723 mGreenhealth Family Clinic · 744 mTampines West MRT Exit B · 787 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Volex Building

Key takeawayThe nearest station is Tampines West (DT31), 787 m away — a moderately busy station, with about 21,000 taps in and out on an average weekday. 3 public car parks are within 500 m.

Foot traffic: busier than 75% of industrial buildings

nearest MRT/LRT Tampines West (DT31) 787 m, about 21,000 taps a weekday; bus stops within 400 m: 4, about 2,565 taps a weekday; Tampines: 84,200 resident workers (Census 2020, by workplace); about 70,000 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

Tampines West (DT31)787 m · about 21,000 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 Volex Building. Transfers between lines don't tap, so interchanges read low.

Bus

4 bus stops within 400 m, with 2,565 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 968 Tampines Street 96 (HDB)393 m
no short-term parking · gantry 2.15 m · 502 car lots
Blk 965 Tampines Street 96 (HDB)462 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m
Blk 963 Tampines Street 96 (HDB)486 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 722 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: Changi South Lane, 1.3 km away, S$90/month.

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

Who's registered at Volex Building?

Key takeaway18 live companies (and LLPs and branches; sole proprietors are not counted) list Volex Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
9
Administrative and support services
4
Construction
2
Information and communications
2
Manufacturing
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$20.47 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$20.47 psm/mo
Observed range: S$14.54 – S$45.57
Pipeline on this street: 1 project · 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 Volex Building

Where is Volex Building?⌄

Volex Building is at 35 Tampines Street 92, Singapore 528880, in the Tampines planning area.

What is Volex Building zoned as?⌄

Volex 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 Volex 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 Volex Building?⌄

Volex Building is leasehold. About 65 years remain on the lease.

What have units at Volex Building sold for?⌄

Across 2 recorded transactions, the median is S$174 psf. The latest was in December 2004.

What does industrial space near Volex Building rent for?⌄

JTC's rental returns for Tampines Street 92 put the median at about S$1.90 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Tampines Street 92, not a rent quoted for Volex Building itself.

What is the nearest MRT station to Volex Building?⌄

Tampines West MRT is the closest, 866 m away (about a 14-minute walk).

How many businesses are registered at Volex Building?⌄

19 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.

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), 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.