Type

Units

Min Area

Price Range

Other

1711 sqft

S$905K – S$1.1M

Property Highlights

Commercial development with 3 units currently available.
Prices currently range from S$905K to S$1.1M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$181K on this acquisition.

Price Trends & Rental Yield

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Northpoint Bizhub: A Functional Industrial Hub in Yishun

Northpoint Bizhub stands as an established light industrial development serving the operational needs of businesses across District 27. Comprising B1-classified units, this development offers a practical solution for companies requiring flexible workspace with direct logistics access. The project has reached maturity since its Temporary Occupation Permit (TOP) in 2012, giving it over a decade of proven market performance and tenant stability.

The units at Northpoint Bizhub are distinguished by their versatile floor plates and practical design features. Spanning approximately 1,711 sqft per unit, these spaces provide ample room for production workflows, warehousing operations, or specialised business functions. Many units include mezzanine structures, effectively expanding usable floor area without consuming additional ground footprint—a significant advantage for businesses seeking to maximise operational efficiency within a compact site.

Location and Accessibility

Positioned on Yishun Industrial Street 1, the development benefits from a well-established industrial corridor characterised by mature supply chain infrastructure and established tenant networks. Proximity to Yishun MRT station ensures reliable public transport connectivity for staff commuting, whilst the surrounding area is served by multiple bus routes catering to broader district accessibility. The industrial estate location provides businesses with a balanced operational environment: sufficient space and logistics facilities for manufacturing and distribution operations, yet close enough to central business areas for management oversight.

The development's strategic positioning has ensured consistent demand from light manufacturing, media production, training facilities, and logistics service providers. This diversity of tenant profiles reflects the adaptability of the B1 classification and the flexibility offered by units with bare interiors.

Built Infrastructure and Facilities

Northpoint Bizhub is equipped with three passenger lifts serving the development, enabling efficient vertical movement of goods and personnel across multiple storeys. This lift capacity is particularly valuable for operators managing time-sensitive deliveries or frequent client interactions requiring swift access. The presence of dedicated carpark bays positioned directly in front of units streamlines loading and unloading operations, reducing exposure to weather and minimising logistical delays.

Ramp-up direct access represents a defining feature for light industrial operators at this development. Rather than relying solely on traditional loading docks, the ramp infrastructure allows vehicles—including 20-foot containers—to be manoeuvred directly to unit entrances. This capability is particularly valuable for businesses managing international shipments, bulk material handling, or time-sensitive delivery schedules. The accessibility standard demonstrates that the development was designed with operational efficiency foremost in the minds of its architects and planners.

Unit-level facilities include attached toilet amenities, eliminating the need for staff to navigate external corridors during working hours. This integration supports productivity and comfort, particularly important for small teams or businesses operating extended shifts.

Lease Tenure and Investment Considerations

Units at Northpoint Bizhub are held on a 60-year leasehold basis. For units acquired during the initial launch period in 2010, the remaining lease tenure currently stands at approximately 43 years. This lease duration is typical for industrial properties in Singapore and remains attractive to owner-operators and investors seeking immediate occupancy with functional workspace.

The remaining lease tenure of circa 43 years positions these units within a timeframe suitable for business operators planning medium-term occupancy of 10 to 15 years, or investors targeting rental yields over a comparable holding period. Buyers should note that as the lease tenure decays further, resale demand may become more selective, potentially affecting future capital appreciation. This tenure consideration is relevant for acquisition decisions, particularly for investors prioritising long-term asset appreciation. Owner-operators with operational horizons aligned to the remaining lease duration may find this tenure structure less problematic, as their occupancy requirements will be fully satisfied before the lease nears expiration.

No Goods and Services Tax

A significant advantage for businesses purchasing units at Northpoint Bizhub is the exemption from Goods and Services Tax (GST) on the transaction. This relief applies to all qualifying B1 industrial units within the development, reducing the total acquisition cost and improving cash flow available for operational fit-out and business setup.

Market Positioning and Owner-Occupier Appeal

The development appeals strongly to owner-occupier businesses requiring immediate operational space without the constraints of tenant-landlord negotiations. Media production houses, vocational training centres, light assembly operations, and specialist logistics providers have all identified value in Northpoint Bizhub's combination of accessible location, practical infrastructure, and flexible unit configurations.

For investors, the development offers rental appeal to a broad spectrum of operational businesses. The established industrial character of Yishun, combined with the B1classification and functional amenities, supports consistent tenant demand. Rental market evidence from comparable sites in the district suggests solid income potential, though prospective investors should conduct independent yield analysis based on current market rental rates for comparable units in the precinct.

District 27 Context

Yishun forms part of District 27, an established industrial and residential zone in the northern region of Singapore. The district has maintained consistent economic activity, supported by proximity to major expressways, established port connections through Jurong, and a large working-age population base. Whilst Yishun is not characterised as a growth hotspot comparable to emerging technology parks, its stability and established infrastructure make it attractive to businesses seeking proven operational environments over speculative emerging zones.

Current Availability and Entry Point

Units at Northpoint Bizhub are available for immediate sale, with pricing from approximately S$905,000 depending on specific unit specifications, floor level, and mezzanine inclusions. This entry price point makes the development accessible to owner-operators seeking established workspace without the capital outlay required for larger industrial complexes or purpose-built manufacturing facilities. The immediate availability and functional condition support businesses with urgent occupancy requirements.

Prospective purchasers are encouraged to inspect available units to assess suitability for their specific operational requirements, evaluate the condition of mezzanine structures, and confirm carpark allocation details. The bare interior presentation allows flexible fit-out planning, though purchasers should budget appropriately for specialist business fit-out, MEP upgrades, and compliance certifications specific to their intended use classification.

Frequently Asked Questions

What rental yield can an investor realistically expect from purchasing a B1 unit at Northpoint Bizhub?

Rental yields for light industrial B1 units at Northpoint Bizhub typically range between 4% to 6% gross per annum, depending on market conditions and specific unit configuration. This calculation assumes a purchase price around S$905,000 and monthly rents for comparable units in Yishun currently trading between S$3,500 and S$5,500. The actual yield will vary based on tenant profile—specialised operators such as media production houses or vocational training facilities may command premium rents, whilst general light manufacturing tenants typically occupy the lower end of this range. Investors should conduct independent rental surveys of comparable units on Yishun Industrial Street and adjacent precincts to validate yield expectations specific to their acquisition price point and target tenant profile.

How does the S$905,000 price point compare to recent psf transactions for similar B1 units in Yishun?

At S$905,000 for a 1,711 sqft unit, Northpoint Bizhub units trade at approximately S$529 per square foot, placing them within the mid-range for established B1 industrial stock in District 27. Recent comparable transactions for similar B1 units on Yishun Industrial Street and adjacent streets have recorded psf rates between S$480 and S$580, reflecting the maturity and established tenant base of the precinct. The psf valuation is supported by the development's functional infrastructure—three passenger lifts, ramp access, and carpark facilities—which command a modest premium over older, basic industrial units. Newer developments in emerging precincts such as Tuas may trade at lower psf rates but lack the operational maturity and established tenant networks that support consistent rental demand at Northpoint Bizhub.

What are the Additional Buyer's Stamp Duty implications if I purchase a unit at Northpoint Bizhub as a second property?

If you are a Singapore Citizen acquiring a second residential property, Additional Buyer's Stamp Duty (ABSD) at the rate of 20% applies to the purchase price. For a purchase at S$905,000, this equates to S$181,000 in ABSD payable on completion. However, B1 light industrial units are classified as commercial property, not residential property; therefore, ABSD does not apply to industrial acquisitions regardless of how many residential properties you own. This distinction is critical for investors: purchasing at Northpoint Bizhub does not trigger ABSD, making industrial units an attractive option for property investors seeking diversification beyond residential assets or those already holding multiple residential properties. You should confirm the precise classification of your specific unit with your conveyancing solicitor, though B1 classification units at this development are universally treated as commercial stock for stamp duty purposes.

What is the lease decay risk for a unit with approximately 43 years remaining lease, and how will this affect resale value?

Units at Northpoint Bizhub with approximately 43 years remaining lease occupy a moderate-risk tenure band for industrial property. Whilst 43 years is sufficient for owner-operator business horizons of 10 to 15 years, resale demand becomes increasingly selective as the lease tenure approaches 30 years and below. Market evidence suggests that B1 industrial units with leases below 30 years experience material capital value depreciation—typically 15% to 25% below comparable units with fresher leases—as refinancing becomes difficult and investor appetite declines sharply. For owner-operators planning medium-term occupancy aligned to the remaining lease tenure, this risk is manageable; however, investors expecting to realise capital appreciation or achieve exit flexibility within 15 to 20 years should factor in potential lease decay as a capital erosion factor. The absence of lease extension mechanisms for industrial property—unlike residential HDB flats—means that as expiry approaches, the asset becomes increasingly speculative, potentially limiting buyer pools to developers, en bloc acquirers, or distressed sellers.

How does proximity to Yishun MRT station influence demand and capital appreciation for Northpoint Bizhub units?

Yishun MRT station provides reliable public transport connectivity that supports both tenant recruitment and operational logistics, moderately enhancing demand for units at Northpoint Bizhub. The station's connection to the North-South Line ensures that staff can commute efficiently from across Singapore, broadening the potential talent pool available to tenant businesses. This accessibility supports consistent occupancy rates and rental stability, though industrial property appreciation is primarily driven by land scarcity, operational fit-out quality, and tenant stability rather than MRT proximity alone. The presence of Yishun MRT has stabilised the district's economic role but has not catalysed exceptional capital appreciation; units appreciate in line with inflation and general industrial property revaluation rather than at rates typically associated with emerging transit-oriented precincts. For capital appreciation, investors in Yishun industrial property should focus on operational fundamentals—tenant profile, lease rates, occupancy duration—rather than expecting MRT proximity to generate outsized returns. The established nature of the Yishun precinct means most capital uplift has already been realised; future appreciation will be incremental rather than transformational.

Which buyer profiles are best suited to purchase units at Northpoint Bizhub?

Northpoint Bizhub appeals most strongly to owner-operator businesses requiring immediate, functional workspace: media production houses, vocational training centres, light assembly manufacturers, and logistics service providers represent core tenant profiles. For these operational businesses, the development's combination of practical infrastructure, established location, and immediate availability eliminates the complexity of negotiating with institutional landlords or managing tenant-landlord relationships. Experienced industrial investors seeking income-generating assets with proven tenant demand also find value at Northpoint Bizhub, particularly those comfortable with moderate-tenure lease structures and medium-term holding horizons. First-time property investors should approach cautiously unless they have specific operational business use in mind; the industrial classification, moderate lease tenure, and geographic positioning mean Northpoint Bizhub is less suitable for speculative investors expecting rapid capital appreciation or those seeking defensive residential property exposure. High-net-worth individuals using property as part of diversified portfolios may find individual units at this development insufficiently sizeable for portfolio scale, though some have acquired multiple units for consolidation into larger operational footprints.

What Total Debt Servicing Ratio (TDSR) and financing headroom should I expect when purchasing at this price point?

For a purchase price of S$905,000, typical bank financing offers 70% to 75% loan-to-value, resulting in debt of approximately S$633,000 to S$679,000. At current interest rates of approximately 4.0% to 4.5%, monthly debt servicing would range from S$3,000 to S$3,400, placing the TDSR burden at a manageable level for owner-operators with operational business revenue or investors with professional income exceeding S$100,000 annually. Most banks require that total monthly debt servicing (including the industrial property mortgage plus any existing residential or other debts) should not exceed 60% of gross monthly income; this implies that applicants should demonstrate gross monthly income of approximately S$5,000 to S$5,700 to comfortably service the industrial property debt while maintaining headroom for personal liabilities. First-time industrial property buyers should expect banks to scrutinise business income stability more rigorously than employment income, particularly if tenant-financed purchases are being considered. Investors should also budget for property tax, insurance, and building maintenance contributions, which collectively add 2% to 3% annually to the total occupancy cost and should be factored into yield calculations and TDSR planning.

How does Northpoint Bizhub compare to competing B1 developments in the Yishun and northern industrial precinct?

Northpoint Bizhub competes primarily with other established B1 developments on Yishun Industrial Street and adjacent zones such as Yio Chu Kang Road and Mandai Link. Comparable developments such as Northpoint Industrial Complex and other multi-storey industrial buildings in the vicinity typically offer similar unit sizes (1,200 to 2,000 sqft), lift infrastructure, and carpark facilities. Northpoint Bizhub differentiates through its ramp-up direct access enabling 20-foot container movement, a feature that older competing facilities often lack, and through the inclusion of mezzanine structures in many units, effectively expanding usable floor area. Pricing across the Yishun precinct remains relatively aligned at S$500 to S$580 psf; however, newer developments in emerging precincts such as Tuas or Kranji may trade at 10% to 15% lower psf rates due to lower land values, though they sacrifice the operational maturity and established tenant networks available in Yishun. For businesses prioritising immediate occupancy and proven operational infrastructure, Northpoint Bizhub represents solid value relative to newer but less-proven competing facilities; investors should compare specific unit conditions, exact carpark allocations, and remaining lease tenure against competing offerings before finalising acquisition decisions.

Which unit stack or floor level typically offers the best value at Northpoint Bizhub?

Ground floor or first-level units at Northpoint Bizhub command a premium due to direct ramp access, minimal vertical movement requirements, and suitability for receipt of heavy goods and containerised cargo. These units are ideal for businesses with high logistics throughput and typically command 5% to 10% pricing premiums over mid-level units. Mid-level units (floors 2 to 4) offer strong value for businesses with moderate logistics requirements or service-oriented operations such as training facilities or media production, as they benefit from full lift access without premium pricing. Top-floor corner units, if available with roof-level mezzanine configuration, occasionally trade at marginal premiums due to natural light and reduced noise exposure, though their utility is primarily suited to office-based or creative operations rather than manufacturing. For investors seeking rental yield optimisation, mid-level units typically offer the best balance of tenant attractiveness and acquisition cost, as they appeal to a broad spectrum of potential tenants without the premium pricing of ground-floor logistics-focused units. Purchasers should prioritise unit condition, specific carpark allocation and proximity, and exact mezzanine specifications over floor level alone, as these operational factors often outweigh floor-level considerations in determining tenant suitability and market value.

What is the future supply pipeline for B1 industrial property in District 27 and Yishun, and how might this affect Northpoint Bizhub's long-term value?

District 27 and the Yishun precinct are classified as mature industrial zones with limited greenfield development opportunity and established zoning restrictions protecting industrial use against residential or mixed-use conversion. Future supply of new B1 industrial units in the immediate Yishun vicinity is expected to remain constrained, with most new supply concentrated in emerging precincts such as Tuas, Kranji, and Loyang where land availability is greater and development costs are lower. This supply constraint supports long-term demand stability and rental resilience for established facilities such as Northpoint Bizhub, as businesses priced out of newer, cost-competitive facilities in emerging zones will continue to occupy established Yishun stock. However, investors should note that constrained supply does not guarantee capital appreciation; rather, it stabilises values and supports consistent rental demand as businesses mature in situ. Over the next decade, the main competitive pressure on Northpoint Bizhub will emanate from older competing facilities seeking to refresh and reposition, and from emerging supply in Tuas offering lower acquisition and rental costs to new entrants. For investors and owner-operators, Northpoint Bizhub's value proposition rests on operational stability and established tenant networks rather than supply-driven capital growth; prospective buyers should base acquisition decisions on current rental yields and occupancy fundamentals rather than speculative assumptions about future scarcity-driven appreciation.

Light Industrial (B1) At 2 Yishun Industrial Street 1 — From S$905K