Type

Units

Min Area

Price Range

Studio

4542 sqft

S$1.8M

Other

4542 sqft

S$1.8M

Property Highlights

Commercial development with 2 units currently available.
Prices currently start from S$1.8M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$360K on this acquisition.
Located 11 min (880 m) from DT27 Ubi MRT Station.

Price Trends & Rental Yield

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KB Industrial Building: Established Commercial Space in Kaki Bukit

KB Industrial Building stands as a purposeful commercial asset in one of Singapore's most established industrial precincts. Located at 10 Kaki Bukit Road 1, the development occupies a strategic position within the broader Ubi–Kaki Bukit manufacturing and logistics cluster, which has served as a backbone of Singapore's industrial economy for decades. The property offers approximately 4,542 square feet of functional workspace, designed to accommodate a range of operational requirements typical of the eastern industrial belt.

The site benefits from direct accessibility via ramp-level entry, eliminating the need for goods lifts or complex loading procedures for many tenants. Internal infrastructure reflects industrial-grade specifications: a 3-tonne overhead hoist facilitates heavy material handling, whilst a half-tonne in-unit lift provides additional flexibility for multi-level operations within the space. Electrical capacity is provisioned at 100 amps with three-phase distribution, supporting machinery and production workflows that demand consistent power. The floor is engineered to bear loads of 7.5 kilonewtons per square metre, positioning it within the mid-range of industrial floor loadings and allowing versatility across light manufacturing, assembly, storage, and specialist service operations.

Location and Transportation Connectivity

Proximity to the Ubi MRT station, situated approximately 880 metres or an 11-minute walk distant, anchors the property within Singapore's integrated transport network. The Ubi station operates on the Downtown Line, a critical artery connecting the eastern industrial zones to the central business district and beyond. This accessibility underpins tenant recruitment, supplier visits, and workforce commuting—three pillars of operational convenience in the industrial sector. The nearby Kaki Bukit Road corridor itself has evolved into a recognised commercial address, with established logistics operators, contract manufacturers, and service providers maintaining significant footprints in the vicinity.

The wider precinct's maturity means infrastructure development is largely complete: road networks are established, utility provisioning is robust, and regulatory frameworks are well-settled. This stability contrasts with emerging industrial estates elsewhere in the island, where infrastructure delivery timelines and zoning uncertainties may cloud medium-term tenant satisfaction.

Lease Structure and Financial Considerations

The property carries a lease tenure of 60 years from 1995, with approximately 30 years of lease validity remaining at the point of any sale. This lease structure is not uncommon for industrial properties that predate Singapore's modern leasehold standardisation, and it requires prospective buyers to factor lease decay into their valuation models. As the lease shortens, the asset's marketability and refinancing potential may contract, particularly in a competitive industrial market where tenants and investors typically prefer longer-held interests.

Goods and Services Tax (GST) is applicable to the transaction, a standard cost element that buyers must incorporate into their total acquisition expenditure. The asking price sits from S$1.8 million, positioning the property in the mid-market segment of industrial commercial transactions in this locale. Prospective purchasers should engage qualified valuers and tax advisors to model residual lease impact on long-term capital value and exit strategy.

Operational Versatility and Tenant Suitability

The configuration of KB Industrial Building appeals to operational profiles spanning several sectors. Light manufacturing operations—such as precision engineering, electronics assembly, or food processing—benefit from the robust floor loading and three-phase electrical infrastructure. Logistics and warehousing occupants value the ramp access and hoist arrangements, which streamline receiving and despatch workflows. Specialist service providers, including maintenance workshops, trade training facilities, or production hubs for craft industries, find the flexible floorplate and load capacity accommodating.

The space has demonstrated suitability for specialist uses, with the vendor noting compatibility with operations such as pet cremation services and similar regulated commercial activities. This flexibility signals that the unit is not constrained by narrow-use zoning restrictions, expanding the potential tenant pool and supporting strong occupancy prospects.

Investment Perspective and Market Context

From an investment standpoint, industrial commercial property in the Ubi–Kaki Bukit belt remains a resilient asset class, supported by consistent tenant demand from Singapore's manufacturing and logistics sectors. The proximity to the MRT network, combined with established road access and utility infrastructure, sustains the area's competitive positioning relative to newer industrial estates on the periphery. Investors considering such assets must weigh the remaining lease period against potential rental yields and capital appreciation prospects, particularly given the 30-year horizon and the likelihood of further lease decay pricing into future valuations.

The property's specification—notably its industrial-grade electrical and mechanical systems—suggests prior use by operationally intensive tenants. This heritage of robust usage indicates the building has been constructed to commercial standards capable of handling demanding operational environments, a reassuring signal for investors concerned with long-term durability and tenant retention.

Market Dynamics in the Ubi Precinct

The Ubi MRT station acts as a focal point for the eastern industrial economy. The station itself services a high volume of commuter traffic daily, drawn from manufacturing plants, logistics hubs, and support service providers distributed across the surrounding industrial parks. This density of economic activity sustains rental demand for commercial units suited to business operations, as does the ongoing presence of established multinational manufacturers and third-party logistics operators in the district.

Kaki Bukit Road and its parallel corridors have matured into recognisable commercial addresses in their own right, attracting repeat tenant enquiries and supporting stable occupancy rates. The area lacks the speculative development pressures that characterise newer industrial zones, instead reflecting a settled market where supply and demand are in reasonable equilibrium. This equilibrium tends to support modest but sustained capital appreciation and stable rental yields, albeit without the explosive growth trajectories associated with emerging precincts.

For prospective buyers evaluating KB Industrial Building, careful consideration of the remaining lease tenure, the tenant market's appetite for mid-range industrial accommodation, and the property's operational specifications will inform whether the asking price represents fair value relative to comparable transactions in the surrounding district. Professional valuation and tenant demand assessment are essential steps in the purchasing decision.

Frequently Asked Questions

What is the estimated rental yield if KB Industrial Building is purchased as an investment property?

Rental yield on industrial commercial units in the Ubi–Kaki Bukit precinct typically ranges between 3% and 5% per annum, depending on tenant profile, lease terms, and market conditions at acquisition. KB Industrial Building's specification—heavy-duty floor loading, 3-tonne hoist, robust electrical infrastructure—appeals to operationally intensive tenants willing to pay premium rents for fit-for-purpose accommodation. However, yields are moderated by the remaining 30-year lease tenure; as the lease shortens further, prospective investors and refinancing lenders may demand higher initial yields to compensate for decay-related residual value erosion. Investors should obtain recent comparable rental data for similar-spec units in the precinct and model rental growth assumptions conservatively over their intended holding period.

How does KB Industrial Building's asking price compare to recent price-per-square-foot transactions in Kaki Bukit?

At an asking price from S$1.8 million across 4,542 sqft, KB Industrial Building sits at approximately S$396–S$420 per square foot depending on final transaction structure. Recent comparable sales in the Kaki Bukit–Ubi industrial zone have ranged between S$350 and S$500 psf for units of similar vintage, specification, and lease tenure, with pricing primarily influenced by lease remaining, floor loading capacity, and tenant compatibility. The property's mid-range positioning reflects its established operational infrastructure and proven tenant suitability, though the 30-year remaining lease may moderate pricing relative to newer developments with longer lease horizons. Prospective buyers should commission a formal valuation from a qualified surveyor to benchmark the asking price against recent arm's-length transactions for properties with comparable lease periods and operational specifications.

What are the Additional Buyer's Stamp Duty implications for a Singapore Citizen purchasing KB Industrial Building as a second property?

A Singapore Citizen acquiring KB Industrial Building as a second residential or commercial property would be subject to Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price, in addition to the standard Buyer's Stamp Duty payable on all property acquisitions. On an acquisition price of S$1.8 million, ABSD would amount to approximately S$360,000, representing a substantial cost that must be factored into total acquisition expenditure and return-on-investment calculations. Non-citizen buyers and entities purchasing the property would similarly face ABSD at applicable rates depending on their residential status and ownership structure. Given the significance of ABSD as a transaction cost, prospective buyers should confirm their stamp duty liability with a qualified property lawyer or tax advisor before entering into any binding agreement, as ABSD can materially affect project economics.

What is the lease decay risk and how might it affect KB Industrial Building's resale value?

KB Industrial Building operates under a 60-year lease from 1995, leaving approximately 30 years of tenure remaining at the point of sale. In Singapore's property market, leasehold assets with less than 30–40 years remaining face accelerating buyer resistance, as declining residual values, refinancing difficulties, and tenant retention challenges compound as the lease shortens. The property will enter into a critical window of lease decay risk within the next decade; beyond 20 years remaining, institutional investors and corporate occupants often withdraw from the market, narrowing the tenant pool to smaller operators with lower rent-paying capacity. Buyers purchasing today should model an annual capital value erosion of 1–2% per annum in nominal terms as lease expiry approaches, and project that beyond 15 years remaining, the asset may struggle to attract quality tenants or secure refinancing. The short-lease position contrasts unfavourably with properties on 99-year or 999-year terms, and prospective purchasers must weigh the 30-year horizon against their intended exit timeline and investment strategy.

How does proximity to Ubi MRT station affect demand and capital appreciation potential for KB Industrial Building?

The 11-minute walk to Ubi MRT station—approximately 880 metres—anchors KB Industrial Building within Singapore's high-connectivity industrial belt, supporting robust tenant demand from manufacturing, logistics, and service sector operators whose workforce depends on public transport access. The Downtown Line's integration with Singapore's wider MRT network elevates the property's accessibility profile, enabling tenant recruitment from across the eastern and central zones and supporting commuter convenience that many industrial occupants prioritise. MRT proximity also underpins capital appreciation potential; properties within walkable distance of MRT stations have historically outperformed those requiring private car or shuttle access, particularly as Singapore's transport-oriented development strategy intensifies. However, the property's appreciation trajectory is tempered by its 30-year lease and the maturity of the surrounding industrial precinct; whilst MRT connectivity supports stable rental demand and modest capital growth, it does not generate the explosive appreciation dynamics of greenfield developments or those in early-stage urban renewal precincts. Investors should view MRT proximity as a stabilising factor supporting demand and rental yields rather than a primary driver of exceptional capital growth.

What buyer profiles—HNW, upgrader, first-timer, investor—is KB Industrial Building most suited to?

KB Industrial Building primarily attracts three buyer profiles: (1) experienced commercial property investors seeking steady rental yields and proven tenant demand in an established industrial precinct, provided they accept the 30-year lease constraint and associated decay risk; (2) owner-occupier operators in manufacturing, logistics, or specialist services sectors who can deploy the space for their own operational benefit and amortise the acquisition cost through avoided rent; and (3) corporate entities or mid-market industrial operators seeking to transition from tenant to owner-occupier, capturing long-term occupancy certainty and equity growth. The property is less suited to first-time residential property buyers, as it is a commercial unit rather than a residential dwelling, and does not qualify for first-time buyer stamp duty exemptions. High-net-worth individuals may view the asset as a diversified component of a broader commercial real estate portfolio, though the modest lease tenure and industrial location position it as a secondary rather than flagship holding. Upgraders accustomed to residential property markets should recognise that commercial industrial property operates under different valuation, financing, and tenant dynamics than residential assets, and requires specialist advisory support.

What are the TDSR and financing headroom implications for a typical purchase of KB Industrial Building?

Total Debt Service Ratio (TDSR) limits do not apply to commercial property acquisitions in the same manner as residential mortgages; most lenders assess commercial property financing based on income-generating potential and loan-to-value (LTV) ratios rather than borrower personal debt service metrics. For KB Industrial Building at an acquisition price of S$1.8 million, most institutional lenders offer LTV ratios between 60% and 75%, translating to required equity contributions of S$450,000 to S$720,000. This assumes strong rental yield and covenant strength; owner-occupier financing may offer marginally more favourable terms if the borrower demonstrates operational stability and can provide personal guarantees. Prospective buyers should approach commercial lenders (DBS, UOB, OCBC, and specialist mortgage brokers) to obtain indicative loan-in-principle documents that confirm available leverage, interest rates, and repayment terms. Given the remaining 30-year lease, some lenders may restrict loan tenor to 15–20 years to avoid lending beyond the lease's useful economic life, effectively raising annual debt service obligations and reducing financing headroom. A qualified mortgage advisor can assist in structuring financing to optimise cashflow alignment with tenant leases and expected rental income trajectories.

How does KB Industrial Building compare to nearby competing developments in the Kaki Bukit–Ubi industrial zone?

The Kaki Bukit–Ubi precinct hosts several comparable industrial developments, including properties on nearby Kaki Bukit Avenue and Ubi Avenue, which offer mixed-tenure, mixed-specification units ranging from light industrial to logistics-focused facilities. Competing units typically exhibit tenure ranging from 25 to 50+ years remaining, with floor loadings between 5 and 10 kilonewtons per square metre depending on building vintage and specification. KB Industrial Building's 30-year remaining lease and 7.5 KN/m² loading position it in the mid-to-lower tier of the competitive set by lease tenure, though its dedicated hoist and ramp access differentiate it favourably for operators with heavy material handling requirements. Newer competing developments—such as those constructed post-2010—offer longer lease tenures (often 40+ years) and enhanced sustainability features, but command premium pricing reflecting lower decay risk and lower ongoing maintenance uncertainty. Older, established properties like KB Industrial Building attract value-conscious tenants and investors willing to accept shorter lease tenure in exchange for lower acquisition costs and proven operational suitability. A comparative market analysis sourced from a qualified commercial property surveyor will quantify KB Industrial Building's competitive positioning within the local precinct.

Are there specific unit stacks, floor levels, or positions within KB Industrial Building offering superior value?

The property is presented as a single consolidated unit across 4,542 sqft with ramp-level access, rather than a multi-unit development with differentiated floor levels. This consolidated configuration means that value comparisons focus on the entire asset rather than discrete unit stacks or floor positions. However, the ramp-level positioning is strategically advantageous for most industrial operators, as it eliminates the need for goods lifts and reduces material handling friction compared to elevated floors. Properties with direct ground-level or ramp access typically command rental premiums of 5–15% relative to upper-floor units in comparable industrial buildings, reflecting the operational convenience and cost savings that ramp access delivers. Investors and owner-occupiers evaluating KB Industrial Building should prioritise the consolidated floorplate's accessibility and the integrated hoist and lift infrastructure as value drivers, rather than anticipating material variation based on floor level or stack position. Any subdivision of the space into smaller tenancies would likely fragment this value advantage and complicate tenant management, so most successful deployments maintain the property as a single integrated unit leased to an appropriately scaled operator.

What is the future supply pipeline for industrial commercial property in the Kaki Bukit–Ubi district?

The Kaki Bukit–Ubi industrial precinct is mature and substantially built-out, with limited greenfield development remaining. Most future industrial supply is expected to arise from redevelopment of ageing facilities, conversion of declining light industrial units to other commercial uses, or intensification of existing industrial parks through modest vertical expansion. The Urban Redevelopment Authority (URA) has indicated that the broader eastern industrial zone will continue to support manufacturing, logistics, and advanced engineering uses, but the regulatory priority for this precinct is consolidation and productivity enhancement rather than expansion. This constrained supply outlook generally supports stable long-term rental demand and provides modest upside for existing assets, as tenant competition for available space may intensify if supply fails to keep pace with rising demand from expanding operators. However, the maturity of the supply pipeline also means that spectacular capital appreciation driven by new supply shortages is unlikely; instead, investors should anticipate moderate, steady appreciation supported by operational demand, inflation-linked rental growth, and gradual urban renewal activity. Buyers evaluating KB Industrial Building should recognise that the property operates within a stable, supply-constrained market environment that supports consistent tenant demand and rental yields, rather than a rapidly expanding zone with explosive growth potential.

Kb Industrial Building — From S$1.8M