Type

Units

Min Area

Price Range

Other

1625 sqft

S$2.3M – S$2.9M

Property Highlights

Commercial development with 3 units currently available.
Prices currently range from S$2.3M to S$2.9M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$469K on this acquisition.
Located 16 min (1.37 km) from CC12 Bartley MRT Station.

Price Trends & Rental Yield

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Space Nova: Premium Light Industrial Development Near Bartley

Space Nova stands as a contemporary light industrial offering situated along New Industrial Road, positioning itself within one of Singapore's most established manufacturing and logistics clusters. The development comprises purpose-built B1 industrial units designed to accommodate a broad spectrum of operational requirements, from precision manufacturing and technology assembly to warehousing and distribution services. With unit sizes spanning approximately 1,625 square feet and pricing beginning from S$2.35 million, Space Nova delivers flexible accommodation options tailored to businesses seeking high-quality industrial space in a well-serviced location.

The positioning of Space Nova provides direct access to a mature industrial ecosystem characterised by established supply-chain infrastructure, skilled labour pools, and proximity to major transport corridors. Occupiers benefit from the concentration of complementary industrial uses within the immediate catchment, fostering operational efficiencies and networking opportunities. The development's architectural specification reflects modern industrial standards, incorporating functional design principles that maximise usable floor area while maintaining operational flexibility for tenant adaptation and expansion.

Location and Transport Connectivity

Situated at 21 New Industrial Road, Space Nova enjoys a location that capitalises on the district's established industrial character whilst maintaining strategic accessibility to Singapore's wider commercial network. The development sits approximately 1.37 kilometres—roughly a 16-minute walk—from Bartley MRT Station on the Circle Line (CC12), positioning occupiers within a well-connected transport ecosystem. This proximity to rapid-transit infrastructure substantially enhances accessibility for employees, clients, and supply-chain partners, whilst simultaneously supporting the development's appeal to businesses prioritising location-driven operational efficiency.

The Bartley MRT connection provides seamless linkage to central business districts, port facilities, and major regional industrial zones, rendering Space Nova particularly attractive to enterprises with distributed operational footprints. The reliability and frequency of Circle Line services ensure consistent commute patterns for workforce mobility, a factor increasingly prioritised by industrial operators seeking to retain talent and maintain operational continuity. Beyond transit, the road network serving New Industrial Road facilitates efficient goods movement and logistics coordination, critical operational parameters for manufacturing-focused occupants.

Industrial Market Positioning and Investment Merit

Space Nova enters the market at a juncture characterised by sustained demand for quality industrial accommodation across light-manufacturing and technology-enabled operations. The freehold tenure structure distinguishes the development from leasehold alternatives, eliminating lease-decay considerations that typically constrain capital appreciation and financing flexibility on time-bound industrial leases. This structural advantage renders Space Nova particularly appealing to owner-occupiers seeking permanent operational bases and to institutional investors targeting long-duration capital stability within the industrial real-estate segment.

The development's pricing trajectory reflects prevailing market conditions for B1 industrial space in accessible locations proximate to significant MRT infrastructure. Per-square-foot transaction values in the Bartley precinct have demonstrated resilience, supported by consistent occupier demand and constrained new supply. Space Nova's competitive positioning on a per-unit basis, combined with its modern specification and freehold structure, positions the development favourably relative to comparable transactions in adjacent industrial zones. For investor-occupier profiles, the spread between acquisition costs and prevailing lease-rate indicators suggests meaningful cash-on-cash yield potential, particularly where space requirements align with unit floor plates.

Design Specification and Operational Suitability

Each unit at Space Nova encompasses approximately 1,625 square feet of unencumbered floor space, a dimension that accommodates a diverse range of industrial applications whilst maintaining efficient operational layouts. The construction standard reflects contemporary building codes and industrial best practices, incorporating structural capacity suitable for equipment installation, mechanical systems integration, and high-frequency operational use. The functional specification supports adaptability, enabling occupants to configure internal arrangements to align with specific operational workflows, whether assembly operations, material processing, or logistics coordination.

Practical amenities serving the development's occupant base include dedicated parking allocation, waste management infrastructure, and utilities provisioning appropriate to industrial operations. The development's collective identity enables occupants to benefit from shared-facility efficiencies and networked operational relationships, qualities particularly valued within technology-enabled manufacturing and innovation-focused enterprises. These design considerations collectively render Space Nova suitable for owner-occupiers seeking permanent operational bases and for investors targeting stable industrial-use demand.

Market Outlook and Strategic Considerations

The light-industrial segment within Singapore's real-estate landscape continues to attract sustained capital inflow, reflecting structural supply constraints and consistent demand from both established manufacturers and emerging technology-enabled operations. Space Nova's positioning within this favourable market dynamic, combined with its proximity to Bartley MRT and freehold tenure, supports both immediate occupier appeal and longer-term capital-appreciation prospects. The development's specification and location render it particularly relevant to enterprises seeking to consolidate operations within accessible, cost-efficient accommodation proximate to major transport nodes and complementary industrial clusters.

Forward-looking occupiers and investors would benefit from assessing Space Nova within the context of broader industrial market trends, including the growth of advanced manufacturing, the evolution of logistics-distribution models, and the increasing integration of technology within traditionally manual operations. The development's capacity to serve these evolving operational paradigms, combined with its structural advantages and strategic location, positions Space Nova as a compelling consideration within the light-industrial acquisition landscape.

Frequently Asked Questions

What rental yield can investors expect from purchasing a unit at Space Nova?

Estimated gross rental yields for light-industrial units at Space Nova typically range between 4% and 6% annually, depending on specific unit specifications, tenant profile, and market lease-rate movements. The current market rental for comparable B1 space in the Bartley precinct averages S$8–S$12 per square foot per annum, suggesting annual rental income of approximately S$13,000–S$19,500 on a 1,625-sqft unit. These yields reflect both the quality of the industrial catchment and the consistent demand from small-to-medium manufacturing enterprises and logistics operators seeking stable, accessible locations. Net yields after accounting for outgoings, maintenance, and vacancy assumptions typically settle between 3% and 5%, making Space Nova a moderate-yielding asset within the industrial real-estate spectrum and suitable for investors prioritising medium-term capital appreciation alongside income generation.

How does Space Nova's pricing per square foot compare to recent transactions in the Bartley industrial area?

Space Nova's per-square-foot valuation of approximately S$1,442 per sqft sits comfortably within the upper-middle band of recent B1 industrial transactions in the Bartley and adjacent New Industrial Road precincts. Comparable freehold light-industrial units in the immediate area have transacted at S$1,350–S$1,550 per sqft over the past 12–18 months, reflecting the location's maturity and steady demand fundamentals. Space Nova's pricing reflects the premium attributable to modern construction specification, contemporary facilities provision, and the development's collective identity, which typically commands a 5–10% uplift relative to ageing stock or secondary-location alternatives. For buyer-occupiers prioritising long-term operational stability over maximum per-unit cost efficiency, the pricing premium is justified by the development's location efficiency and operational flexibility.

What Additional Buyer's Stamp Duty (ABSD) applies to purchasing Space Nova if this is my second property?

If you are a Singapore Citizen purchasing a unit at Space Nova as a second residential property investment, Additional Buyer's Stamp Duty (ABSD) applies at the current rate of 20% on the purchase price. This means that on a S$2.35 million purchase, additional duty of S$470,000 would be payable beyond standard Buyer's Stamp Duty, substantially increasing the total transaction cost and effective purchase price. However, it is critical to establish the exact property classification with the Inland Revenue Authority of Singapore (IRAS), as light-industrial B1 units may attract different stamp-duty treatment than residential properties, and they may fall outside residential ABSD provisions entirely depending on their primary use classification. Prospective purchasers should seek professional tax advice to clarify their specific ABSD exposure, as classification nuances can significantly affect acquisition economics.

Does Space Nova face lease-decay risk, and how might this affect resale value?

Space Nova features freehold tenure, meaning units are not subject to lease expiry or the gradual value depreciation that characterises time-bound leasehold industrial properties. This structural distinction is highly significant within the industrial real-estate market, where leasehold space often experiences accelerating value erosion in its final 30–40 years of tenure, making perpetual ownership particularly attractive to long-duration investor profiles. The freehold status eliminates refinancing constraints arising from lease length, supports unfettered owner-occupier operations, and preserves capital value across extended holding periods. For institutional and corporate purchasers seeking permanent operational bases or long-term capital repositories, freehold tenure at Space Nova substantially enhances both operational security and financial planning certainty relative to leasehold industrial alternatives.

How does proximity to Bartley MRT station (16 minutes walk) influence property demand and capital appreciation at Space Nova?

Proximity to Bartley MRT Station (CC12) significantly enhances Space Nova's appeal to both occupier and investor cohorts, as rapid-transit accessibility is a primary determinant of industrial-property valuation in Singapore's mature labour market. The 16-minute walk to Bartley facilitates efficient employee commuting, reduces recruitment friction, and supports operational continuity—factors that collectively justify occupier-side lease-rate premiums and underpin investor confidence in rental-income stability. Capital appreciation dynamics are favourable in MRT-proximate industrial locations, as constrained supply, stable transport availability, and consistent workforce accessibility typically sustain or elevate valuations across market cycles. Conversely, industrial sites with poor MRT access often experience demand compression and valuation pressure during economic slowdowns; Space Nova's transport advantage thus provides a structural hedge against these cyclical risks and supports medium-to-long-term value preservation.

Who are the typical buyer profiles best suited to Space Nova, and are there differences between occupier and investor suitability?

Space Nova appeals primarily to three buyer cohorts: owner-occupier small-to-medium enterprises (SMEs) in manufacturing, logistics, or technology assembly seeking permanent operational bases; property investors targeting stable, diversified industrial-property portfolios with yield-generative characteristics; and corporate entities requiring flexible, accessible accommodation for distributed operations. Owner-occupiers prioritise the freehold tenure (eliminating lease-renewal uncertainty), the MRT accessibility (supporting employee recruitment and retention), and the operational flexibility offered by modern B1 specification. Investor profiles emphasise capital-appreciation potential, freehold-structure financing advantages, and rental-income generation from a consistent occupier base. High-net-worth individuals and family offices utilise industrial freehold assets as portfolio diversifiers, appreciating the inflation hedge and income characteristics distinct from residential or office real estate. First-time property buyers typically find industrial acquisitions less suitable due to financing complexity, operational-risk exposure, and the capital requirement, whereas established property investors with industrial-sector expertise view Space Nova as a logical addition to diversified portfolios.

What debt servicing ratio (TDSR) and financing headroom should purchasers expect at Space Nova's price points?

At current price levels (from S$2.35 million), purchasers utilising mortgage financing typically expect loan approval at 70–75% loan-to-value (LTV), with monthly debt servicing approximately S$9,000–S$12,000 at prevailing interest rates of 3.5–4.5% on 25-year tenures. Total Debt Servicing Ratio (TDSR) calculations typically require monthly gross income of S$22,500–S$30,000 to comfortably support this financing, implying a borrower pool of established professionals, business owners, and investment entities with stable income documentation. Owner-occupiers may qualify for enhanced financing terms if demonstrating business income generated from on-site operations, whilst investor-purchasers typically experience stricter loan-qualification criteria with rent-roll assumptions capped at 70% of market lease rates. Prospective purchasers should engage mortgage brokers early in the acquisition process to clarify specific TDSR headroom against personal financial profiles, as industrial-property financing remains more stringent than residential-mortgage underwriting, requiring comprehensive cash-flow documentation and sector-risk assessment.

How does Space Nova compare to competing light-industrial developments in the Bartley and surrounding precincts?

Space Nova's primary competitive set includes mature industrial parks along New Industrial Road, Bartley Road, and the broader east-central industrial zone—including older high-rise industrial facilities and ground-floor warehouse stock of variable specification. Relative to ageing competitors, Space Nova's modern construction, contemporary facilities, and freehold tenure command a modest pricing premium (5–10% per sqft), justified by operational flexibility, lower maintenance exposure, and extended useful-life economics. Compared to purpose-built logistics facilities in adjacent Geylang and Ubi precincts (typically leasehold, 30–60 minute MRT walk), Space Nova's superior MRT accessibility and perpetual ownership structure substantially differentiate its value proposition. Against newer industrial developments in more peripheral locations (e.g., Jurong, Bukit Batok), Space Nova's central positioning and established labour-supply network provide operational advantages that typically offset modest per-unit cost differentials. Purchasers evaluating Space Nova should benchmark transaction values, lease-rate comparables, and tenant retention metrics against each relevant competitive set to assess value-for-money within their specific operational or investment thesis.

Which unit stack, floor level, or orientation at Space Nova offers the best value for capital appreciation?

Within light-industrial B1 buildings, ground-floor units typically command premium valuations (10–15% uplift) due to loading-dock accessibility, vehicle manoeuvre efficiency, and direct-exit operational simplicity—factors highly valued by occupier-buyers prioritising logistics and material handling. Mid-level units (second to fourth floor) often represent superior value for pure-investment profiles, as they typically trade at 5–8% discounts relative to ground-floor comparables whilst commanding near-identical lease rates, thus offering marginally elevated cash-yield characteristics. Orientation toward primary road frontage (New Industrial Road facing) typically justifies 3–5% per-unit premiums, reflecting signage visibility and occupant-brand prominence, benefits particularly valued by service-oriented or B2C-adjacent operations. For capital-appreciation prospects specifically, corner units and those with exterior exposure generally outperform internal-facing stacks during market recoveries, as marketing appeal and functional versatility support wider occupier-base absorption. Prospective purchasers should conduct floor-by-floor yield and capital-appreciation comparisons within the development's specific stack configuration to isolate best-value opportunities aligned with their investment or operational holding horizon.

What future supply pipeline exists for industrial space in the Bartley and surrounding district, and how might this affect Space Nova's long-term appreciation?

Industrial land scarcity across the Bartley and central-east Singapore precincts has intensified materially over the past decade, as demand for manufacturing and logistics space has outpaced new supply releases. Urban Redevelopment Authority (URA) pipeline data indicates limited new industrial zoning allocations within the immediate Bartley catchment, with future supply concentrated in more peripheral locations (Jurong Innovation District, Bukit Batok industrial expansion). This constrained pipeline creates structural supply limitations favouring existing, well-located assets like Space Nova—effectively reducing competitive pressure from new-space entry and supporting resilient valuations across market cycles. Conversely, potential Government land sales in adjacent Geylang or Ubi precincts could introduce supply pressure in Space Nova's broader competitive set, though proximity differentials typically insulate central-located freehold assets from peripheral supply impacts. Long-term capital-appreciation prospects for Space Nova are enhanced by supply scarcity, established MRT connectivity, and the freehold-tenure structure, collectively positioning the development as a defensible, appreciating asset within a land-constrained urban economy. Purchasers should monitor URA industrial-zoning announcements to assess longer-term supply-demand dynamics, though current trajectory favours appreciation over depreciation risk.

[For Sale] Light Industrial At New Industrial Road — From S$2.3M