Type

Units

Min Area

Price Range

Studio

1615 sqft

S$2.3M – S$4.8M

Other

1625 sqft

S$2.3M – S$3.4M

Property Highlights

Commercial development with 20 units currently available.
Prices currently range from S$2.3M to S$4.8M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$460K on this acquisition.
Located 16 min (1.37 km) from CC12 Bartley MRT Station.

Price Trends & Rental Yield

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Space Nova: Modern B1 Industrial Space in District 19

Space Nova represents a contemporary approach to light industrial real estate in one of Singapore's most established business districts. Located in District 19, this development has been purpose-designed to meet the operational requirements of modern enterprises spanning manufacturing, technology, logistics and creative industries. The project demonstrates a clear understanding of how contemporary businesses demand flexible, efficient workspaces that can adapt to evolving operational models whilst maintaining professional standards.

Strategic Location and Connectivity

Positioned approximately 1.37 kilometres from Bartley MRT Station (CC12), Space Nova benefits from reliable public transport connectivity within a 16-minute commute window. This proximity to a major interchange point enhances accessibility for both workforce movement and client visits, whilst the development's location within District 19 positions it within a district known for established commercial and light industrial activity. The surrounding infrastructure supports the varied logistical demands of B1 operations, with road networks designed to accommodate regular goods movement and vehicle access patterns typical of this business category.

Designed for Operational Excellence

The architectural and functional specification of Space Nova reflects contemporary standards in light industrial design. Each unit incorporates a full-height glass façade, a design choice that delivers multiple operational benefits including enhanced natural lighting that reduces dependency on artificial illumination during business hours, improved visual connection between internal work spaces, and a more contemporary aesthetic that appeals to modern enterprises. The inclusion of dedicated attached toilet facilities within each unit eliminates the need for shared amenity access, a practical consideration that improves workflow efficiency and maintains professional hygiene standards throughout the workday.

Ramp-up access has been integrated into the development's circulation design, enabling seamless movement of goods, materials and vehicles throughout the facility. This operational feature proves particularly valuable for enterprises engaged in light manufacturing, assembly operations, food packing activities and e-commerce logistics, where efficient goods handling directly impacts productivity metrics. The thoughtful integration of loading facilities reflects an understanding that modern businesses require infrastructure that accommodates both operational demands and employee comfort simultaneously.

Flexible Configuration Options

Space Nova offers selected units with the capacity to be combined, accommodating enterprises that anticipate growth or require larger operational footprints than standard module sizes provide. This flexibility represents a significant advantage for growing businesses and those considering expansion strategies, as unit consolidation can typically be achieved with greater ease and cost-effectiveness at the development stage compared to retrofitting separate properties. Businesses requiring between 1,625 and substantially larger operational spaces can therefore access solutions within a single development, simplifying facility management and maintaining operational continuity during periods of business evolution.

Suitability Across Diverse B1 Industrial Sectors

The design specification and operational features of Space Nova position the development as suitable for a broad spectrum of B1 light industrial activities. Enterprises engaged in light manufacturing and assembly operations benefit from the flexible layouts and efficient material handling infrastructure. Food packing and associated industries appreciate the hygienic environment enhanced by dedicated facilities and natural lighting. Media and digital production companies value the modern aesthetic and reliable power infrastructure typically associated with contemporary light industrial developments. Printing and publishing operations find benefit in the flexible unit sizing and professional working environment. E-commerce and technology-related businesses utilise the space for inventory management, order fulfilment and technical operations. Industrial training facilities likewise find the modern infrastructure and flexible spaces suitable for their educational delivery requirements.

Investment Profile and Market Position

From an investment perspective, Space Nova presents a development positioned at the intersection of established district credentials and contemporary operational standards. The development's location in District 19, an area with long-established light industrial and commercial presence, provides inherent demand stability. Pricing commences from approximately S$2.59 million, positioning units within a market segment that attracts both owner-occupiers and investors seeking exposure to Singapore's light industrial sector. The diversity of potential occupancy across multiple industry sectors provides portfolio resilience, as downturns in any single industry remain unlikely to dramatically impact aggregate demand across the development.

Modern Standards in Traditional Sector

Light industrial real estate in Singapore has traditionally emphasised functional specification over architectural consideration. Space Nova distinguishes itself by applying contemporary design principles to this sector, delivering workspaces that appeal to enterprises prioritising professional environments. The full-height glazing and dedicated facilities reflect an understanding that quality working environments contribute to employee retention, client impressions and operational efficiency. For enterprises evaluating multiple potential locations, such design considerations increasingly influence facility selection decisions, particularly amongst knowledge-intensive light industrial operations where workforce quality directly impacts competitiveness.

The development arrives at a time when Singapore's light industrial sector continues to evolve, with enterprises increasingly seeking spaces that balance operational efficiency with professional standards. Space Nova's specification addresses this evolution directly, offering modern infrastructure across a diverse range of unit sizes and configurations. Whether acquired by owner-occupiers seeking optimal operational environments or investors targeting the light industrial asset class, Space Nova represents a development designed to meet contemporary market requirements within an established district location.

Frequently Asked Questions

What rental yield might be achievable if Space Nova units are purchased as an investment?

Light industrial B1 properties in District 19 typically generate rental yields ranging from 4% to 6% annually, depending on unit size, specific positioning and tenant profile. Space Nova's modern specification and diverse occupancy options position it competitively within this range, as the contemporary facilities and operational efficiency features appeal to quality tenants willing to pay market-rate rentals. Investors should model yields based on comparable recent lettings in the District 19 light industrial market rather than historical data, as the sector has experienced rental growth as enterprises increasingly value modern, efficient spaces over outdated facilities.

How does Space Nova's pricing per square foot compare to recent B1 transactions in this area?

Light industrial space in District 19 has traded recently at price points ranging from approximately S$1,500 to S$2,200 per square foot, depending on property condition, age and specific location within the district. Space Nova, with units around 1,625 square feet commencing at S$2.59 million, reflects pricing of approximately S$1,594 per square foot, positioning it competitively within the established market range for modern, well-designed B1 space. This pricing reflects the development's contemporary specification, purpose-built design and operational efficiency features compared to older industrial properties, offering good value relative to competing modern developments in the immediate vicinity.

What is the Additional Buyer's Stamp Duty (ABSD) impact for Singapore Citizens purchasing at Space Nova?

Singapore Citizens purchasing a second residential property property would incur Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price, which would be added to standard stamp duty payable. For a Space Nova unit at S$2.59 million, ABSD would amount to approximately S$518,000, a significant cost that must be factored into total acquisition expense calculations. However, if the property is registered as a commercial or industrial business asset rather than residential, ABSD does not apply, though this requires proper business registration and use documentation, making it essential to clarify intended usage and property classification with legal counsel before purchase.

What lease tenure does Space Nova carry, and does lease decay present a resale risk?

Space Nova is offered on a freehold basis, eliminating lease decay concerns entirely and ensuring the property retains value indefinitely without diminution due to lease expiration. This freehold tenure represents a significant advantage compared to leasehold light industrial properties, which typically decline in value as the lease term shortens, particularly as properties approach 30 years remaining. The freehold status provides owner-occupiers and investors with absolute confidence in long-term asset value, removes the necessity for lease extension applications or related costs, and substantially simplifies future resale transactions.

How does proximity to Bartley MRT (CC12) affect demand and capital appreciation at Space Nova?

MRT proximity significantly enhances accessibility for employees and clients, with Bartley MRT serving as an interchange point connecting the Circle Line to other transport corridors, creating a broad catchment of potential occupants within 10 to 15 minutes travel time. This connectivity attracts enterprises seeking high-accessibility locations, particularly those with multiple employees relying on public transport, which indirectly supports rental demand and capital values. Developments within this connectivity radius historically demonstrate superior rental absorption and appreciation compared to equivalent properties in less accessible locations, as the convenience factor influences tenant site selection and justifies premium rental rates.

Is Space Nova suitable for high-net-worth individuals seeking light industrial real estate investments?

High-net-worth investors frequently view light industrial property as a diversification asset class offering tangible backing, operational cash flows and capital appreciation potential less correlated with traditional office or residential markets. Space Nova's modern specification, freehold tenure, professional design and location in an established district appeal to sophisticated investors building real estate portfolios across multiple asset classes. The development's flexibility to accommodate various occupancy types and the opportunity to acquire multiple units within a single development make it particularly suitable for HNW acquisitions structured around portfolio diversification and long-term wealth preservation objectives.

What TDSR implications exist for typical financing at Space Nova's price points?

Space Nova units commencing at S$2.59 million typically qualify for mortgage financing at approximately 75% loan-to-value ratios, implying loan amounts around S$1.94 million with borrowing costs depending on prevailing interest rates and personal credit profiles. Monthly servicing on such a loan at current indicative rates would approximate S$9,000 to S$11,000, requiring monthly household income of approximately S$27,000 to S$33,000 to maintain comfortable Total Debt Service Ratio headroom below 60%. For owner-occupiers generating business revenue from the property, banks typically assess TDSR based on demonstrated lease income or business profitability, offering greater flexibility than residential property lending, whilst investors benefit from the ability to demonstrate tenant rental income against servicing costs.

How does Space Nova compare to other modern B1 developments currently available in District 19?

District 19 hosts several light industrial developments ranging from older converted facilities to recently completed modern properties, with newer developments typically commanding premiums of 15% to 25% relative to older stock due to enhanced operational efficiency and contemporary facilities. Space Nova's specification of full-height glazing, dedicated amenities and flexible unit combinations positions it competitively against other recent developments, with pricing per square foot aligning with similar modern properties whilst offering superior architectural design in comparison to functional-only alternatives. Investors and owner-occupiers should evaluate competing developments based on specific operational requirements, as some facilities may emphasise different use types or offer superior features for specific industries.

Which unit stacks or floor levels at Space Nova offer optimal value propositions?

Ground-floor and lower-level units typically command premium pricing due to superior accessibility for goods movement and vehicle loading, making them particularly valuable for enterprises with frequent material handling or delivery operations. Mid-floor units often present optimal value for businesses emphasising security and climate control, as they benefit from superior insulation properties and reduced ground-level security vulnerabilities whilst avoiding the premium pricing of ground-level positioning. Upper-floor units suit enterprises prioritising employee working conditions and natural lighting, where the consistent daylighting benefits offset the reduced accessibility for goods movement, particularly for media production, digital services and administrative light industrial operations less dependent on regular material handling.

What future supply pipeline exists in District 19, and how might this affect Space Nova's longer-term value trajectory?

District 19 has experienced relatively measured new supply in recent years, with most available land already developed into existing industrial estates and commercial clusters, limiting dramatic supply increases in the near to medium term. Government planning for the district appears focused on consolidation and upgrading existing stock rather than expansionary new development, suggesting that Space Nova benefits from limited supply growth that should support steady capital appreciation and rental growth as aggregate demand from growing businesses continues unabated. Investors should monitor Singapore's industrial land sales announcements and URA master plan updates, as any significant new supply releases in adjacent districts could theoretically affect longer-term growth trajectories, though the established nature of District 19 renders major supply shocks relatively unlikely.

Space Nova — From S$2.3M