Type

Units

Min Area

Price Range

Other

2174 sqft

S$1.8M – S$2.1M

Type

Units

Min Area

Price Range

Other

2390 sqft

S$5,888/mo

Property Highlights

Commercial development with 3 units currently available.
Prices currently range from S$5,888 to S$2.1M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$1,178 on this acquisition.
67% of current units are for sale, from S$1.8M; 33% are for rent, from S$5,888/mo.
Located 13 min (1.06 km) from CC12 Bartley MRT Station.

Price Trends & Rental Yield

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Inspace: Premium Light Industrial Workspace at New Industrial Road

Inspace represents a contemporary light industrial offering strategically positioned along New Industrial Road, one of Singapore's most dynamic industrial thoroughfares. The development provides purpose-designed B1 light industrial units tailored to meet the evolving requirements of modern manufacturing, assembly, and light processing enterprises. Located within the established industrial cluster near Bartley, the project delivers both operational efficiency and capital appreciation potential for owner-occupiers and investors alike.

Location and Connectivity

Situated on New Industrial Road, Inspace benefits from excellent accessibility to Singapore's primary business and distribution networks. The development lies approximately 13 minutes' walking distance from Bartley MRT Station on the Circle Line (CC12), placing tenants and businesses within easy reach of the wider island transport infrastructure. This proximity to rapid transit significantly enhances employee accessibility, supplier logistics, and customer reach, making it an attractive proposition for businesses seeking operational convenience without sacrificing commercial viability.

The eastern corridor location positions Inspace within a mature industrial ecosystem characterised by established manufacturing hubs, logistics facilities, and complementary commercial operations. Businesses operating from this address benefit from natural clustering effects, whereby proximity to suppliers, service providers, and industry peers creates operational synergies and reduces transactional friction.

Unit Configuration and Space Specifications

Individual units at Inspace feature generous floor plates, with typical layouts spanning approximately 2,454 square feet. These spacious configurations enable businesses to implement efficient production workflows, establish dedicated warehousing areas, and accommodate future expansion without the constraint of cramped layouts. The building's modern design incorporates practical considerations essential to light industrial operations, including robust floor loading, clear spans, and flexible partition arrangements that adapt to diverse manufacturing and assembly processes.

The generous unit sizes also appeal to growing enterprises seeking scalability. Rather than relocating to larger premises as operations expand, tenants can consolidate multiple functions within a single, well-proportioned space, reducing administrative burden and operational disruption.

Investment and Ownership Considerations

For owner-occupiers, Inspace offers the dual benefit of establishing a permanent operational base whilst building tangible asset value. Business proprietors can leverage their occupancy to establish operational continuity, benefit from potential capital appreciation in the eastern industrial corridor, and avoid the recurring expense and uncertainty of rental arrangements. The light industrial classification (B1) ensures zoning certainty and protects against incompatible land use changes that might compromise business viability.

Investor purchasers view light industrial properties as defensive, income-generating assets with stable underlying demand. The consistent requirement for manufacturing and assembly space within Singapore's economy creates predictable tenant demand, supporting rental yields and capital stability. Units at Inspace attract tenants operating established businesses with demonstrated financial strength, reducing vacancy risk and rental volatility.

Financing and Purchase Considerations

Light industrial properties typically attract competitive mortgage terms from domestic banking institutions, with loan-to-value ratios ranging from 65% to 75% depending on the purchaser's financial profile and the property's valuation. Buyers should engage with their preferred lenders early to establish pre-approval, clarify applicable loan tenure, and understand the specific financing parameters for commercial and light industrial property categories.

Singapore Citizens purchasing their first light industrial property as investment assets avoid Additional Buyer's Stamp Duty (ABSD), though those acquiring a second residential property face a 20% ABSD levy on the purchase price. The distinction between first and second property status requires careful review of one's existing real estate holdings. Buyers should consult their conveyancing solicitors to confirm ABSD applicability prior to committing to purchase.

Market Demand and Capital Appreciation

The eastern industrial corridor, including the Bartley vicinity, continues to experience steady capital appreciation driven by supply scarcity and consistent occupier demand. As Singapore's overall land area remains constrained and light industrial zones become increasingly saturated with competing demands from residential and commercial development, the relative scarcity of well-maintained light industrial space supports long-term value retention and appreciation. Inspace's modern specifications and strategic location position it well to benefit from these underlying market dynamics.

The proximity to Bartley MRT Station particularly enhances the development's long-term value proposition. Improved public transport connectivity typically correlates with higher commercial property valuations, as businesses prioritise locations that facilitate employee commuting and customer access. Future enhancements to the Circle Line or broader rapid transit network could further strengthen the area's appeal and capital values.

Tenant Profile and Rental Demand

Light industrial units at Inspace attract a diverse tenant base encompassing precision engineering firms, food processing enterprises, electronics assembly operations, automotive components manufacturers, and specialised logistics providers. These tenants typically operate established businesses with consistent cash flows, making them financially reliable occupants. The generous unit sizes accommodate both standalone operators and growing businesses requiring expansion capacity, broadening the potential tenant pool and supporting rental stability.

Rental demand for light industrial space in the eastern corridor remains robust, underpinned by Singapore's positioning as a regional manufacturing and processing hub. Businesses continue to require physical space for assembly, quality control, and inventory management, supporting consistent demand for well-located industrial properties regardless of broader economic cycles.

Operational and Practical Advantages

Beyond investment considerations, Inspace's physical specifications deliver tangible operational advantages. The building incorporates modern facilities essential to contemporary light industrial operations, including efficient loading areas, flexible internal configurations, and robust infrastructure supporting machinery and equipment installation. These practical considerations ensure that occupants can establish efficient operations without incurring substantial modifications or upgrades, reducing time-to-productivity and operational expenditure.

The development's position within an established industrial cluster further enhances operational convenience. Tenants benefit from access to supporting services, skilled labour pools, established supply chains, and industry-specific expertise concentrated within the wider eastern industrial zone.

Strategic Positioning for the Eastern Corridor

Inspace occupies a strategic position within Singapore's broader industrial restructuring. As the economy evolves toward higher-value manufacturing and advanced assembly operations, demand for modern, well-specified light industrial space increases accordingly. The development's contemporary design and practical specifications position it well to capture this shifting demand, supporting both immediate rental uptake and long-term capital appreciation.

Prospective buyers should consider Inspace as a medium to long-term holding, allowing underlying market dynamics to support capital growth whilst generating consistent rental income during the ownership period.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at Inspace as an investment?

Light industrial properties in the eastern corridor, including the Bartley vicinity, typically generate gross rental yields of 4% to 5.5% per annum, depending on unit configuration, tenant profile, and market conditions. Inspace's contemporary specifications and strategic location near Bartley MRT position it to command rental rates at the upper end of this range, as businesses prioritise modern facilities and excellent connectivity. Net yields (after accounting for maintenance reserves, property tax, and management costs) generally range from 3% to 4.5%, making light industrial an attractive income-generating asset class. However, individual unit rental performance will depend on tenant selection, lease negotiation, and occupancy duration, so prospective investors should model realistic occupancy assumptions rather than assuming 100% year-round tenancy.

How does Inspace's pricing compare to recent per-square-foot transactions in the eastern industrial corridor?

Light industrial property pricing in the eastern corridor typically ranges from S$700 to S$950 per square foot for modern, well-specified units, with variations reflecting age, condition, and specific micro-location factors. Inspace's positioning on New Industrial Road and proximity to established industrial amenities place it within the middle-to-upper band of this range, reflecting its contemporary design and operational advantages. Recent transactions for comparable B1 light industrial space in the Bartley and wider eastern zone have demonstrated stable per-square-foot pricing, with modest appreciation observed year-on-year. Prospective purchasers should request recent comparable sales data from their agent and conduct property market analysis to verify whether Inspace's pricing aligns with recent transactional evidence in the immediate vicinity.

What are the ABSD implications if I am a Singapore Citizen purchasing my second property?

Singapore Citizens purchasing their second residential or investment property incur Additional Buyer's Stamp Duty (ABSD) at the rate of 20% on the purchase price, substantially increasing the total acquisition cost beyond the standard stamp duty already payable. For a light industrial property purchased at S$1.81 million, the ABSD would amount to approximately S$362,000, significantly impacting your total cash outlay and financing requirements. This 20% ABSD applies regardless of whether you occupy the property or lease it to tenants, making it crucial to factor this substantial cost into your acquisition planning. Some investors structure purchases through corporate entities to potentially mitigate ABSD exposure, though this requires professional legal and tax advice to implement correctly and ensure compliance with Inland Revenue Authority of Singapore requirements.

What lease decay risk exists for Inspace units, and how might this affect long-term resale value?

Light industrial properties in Singapore are typically held on either 99-year or 999-year leasehold tenures, with Inspace properties governed by the tenure applicable to the underlying land parcel. For 99-year leasehold properties, lease decay becomes a consideration as the tenure approaches expiry, potentially affecting marketability and valuation in the final decades of the lease. However, Singapore's legal framework permits lease renewal applications, and the government has historically supported light industrial land preservation, meaning lease extension remains a viable option. Buyers should verify the specific lease tenure of units they are considering and factor residual lease length into their holding period calculations. Properties with substantially long remaining tenure (70+ years) typically face minimal near-term resale impact, whilst properties approaching their final decade may command discounts reflecting renewal uncertainty.

How does proximity to Bartley MRT Station (CC12) influence demand and capital appreciation for Inspace?

Proximity to rapid transit is a primary value driver for commercial and light industrial properties in Singapore, as it facilitates employee commuting, supplier access, and customer reach. Inspace's location approximately 13 minutes' walking distance from Bartley MRT Station (Circle Line) positions it favourably for businesses prioritising employee accessibility and operational convenience. Properties within walking distance of MRT stations consistently command premium valuations relative to car-dependent locations, reflecting both immediate operational advantages and long-term capital appreciation potential. Future enhancements to the Circle Line or broader rapid transit network would likely amplify this premium. The Circle Line's integration with Singapore's wider transport network means Inspace occupants enjoy seamless connectivity to business districts, international gateways, and regional labour markets, supporting both tenant demand and property valuations.

Which buyer profiles are best suited to purchasing at Inspace—owner-occupiers, investors, or first-time commercial property buyers?

Inspace attracts a diverse buyer profile. Owner-occupiers operating established manufacturing or assembly businesses benefit from securing a permanent operational base whilst building tangible asset value, avoiding the uncertainty of recurring rent increases and lease non-renewal. Investor purchasers view light industrial properties as defensive income generators with stable underlying demand, supporting consistent rental yields and capital preservation. First-time commercial property buyers often find light industrial sectors more accessible than premium office or retail, with clearer tenant profiles and simpler lease structures. However, successful light industrial ownership requires understanding tenant requirements, maintenance obligations, and market cycles. Prospective buyers without existing commercial property experience should engage experienced agents and conveyancing advisors to navigate lease structures, financing terms, and operational considerations specific to this property class.

What is the Debt-to-Service Ratio (TDSR) impact of financing an Inspace purchase, and how much borrowing headroom do typical buyers have?

Light industrial properties typically attract loan-to-value ratios of 65% to 75% from Singapore banking institutions, meaning a purchaser would require 25% to 35% cash equity for a unit purchased at typical market prices. For a light industrial property valued around S$1.81 million, this would require S$450,000 to S$635,000 in down payment, with the remainder financed via mortgage. Banks assess the Debt-to-Service Ratio by comparing the applicant's total monthly debt obligations (mortgage, personal loans, credit cards) against gross monthly income, typically capping total debt servicing at 60% of gross income. Light industrial property financing is subject to these standard lending criteria, though some banks offer competitive terms reflecting the defensive income characteristics of commercial property. Prospective buyers should engage their lenders early to establish pre-approval and understand the specific TDSR calculations applicable to their financial circumstances before committing to purchase.

How does Inspace compare to other light industrial developments in the eastern corridor, and what advantages does it offer?

The eastern industrial corridor hosts several competing light industrial developments spanning various ages, specifications, and micro-locations. Inspace's contemporary design, generous unit sizes (approximately 2,454 sqft), and strategic position on New Industrial Road place it competitively within this landscape. Newer developments typically command per-square-foot premiums reflecting modern facilities, efficient layouts, and reduced maintenance burden compared to aging stock. However, established developments with longer operating histories may offer more proven tenant profiles and demonstrated rental stability. Prospective buyers should conduct comparative analysis across multiple developments, examining recent comparable sales, current tenant profiles, rental rate evidence, and occupancy metrics before deciding between competing opportunities. Inspace's proximity to Bartley MRT and position within an established industrial cluster represent meaningful competitive advantages relative to more car-dependent alternatives in peripheral zones.

Which unit stacks or floor levels at Inspace offer the best value, and are there variations in pricing across the development?

Light industrial properties generally command more consistent pricing across different floor levels compared to residential developments, as unit functionality and tenant suitability remain relatively consistent from ground to upper floors. However, ground-floor units occasionally attract premiums reflecting direct loading bay access and simplified logistics, whilst upper-floor units may appeal to businesses seeking separation from ground-level operations or those prioritising expansion flexibility within multi-storey facilities. Pricing variations across Inspace units would primarily reflect differences in unit size, specific configuration, and loading access rather than floor-level premiums. Prospective buyers should examine multiple unit options across the development before committing to purchase, evaluating each against their specific operational requirements and investment objectives. Consulting with your agent regarding current inventory, pricing nuances, and unit-specific characteristics will identify the offering best aligned with your criteria.

What is the future supply pipeline for light industrial space in the Bartley and eastern corridor areas, and how might this affect long-term values?

Singapore's light industrial supply pipeline has contracted significantly as the government prioritises residential and commercial development on available land, with limited new light industrial sites released for development. The eastern corridor, including areas around Bartley, faces competing land use pressures, meaning new light industrial supply additions remain modest relative to existing demand. This supply scarcity supports long-term capital appreciation, as the pool of available modern light industrial properties remains constrained whilst demand from manufacturing, assembly, and logistics operators continues. However, prospective buyers should monitor Urban Development Authority land disposition announcements and broader industrial restructuring policies, as government initiatives can occasionally redirect supply trajectories. Generally, the combination of limited new supply, consistent underlying demand, and Singapore's positioning as a regional manufacturing hub supports favourable long-term capital appreciation for well-located light industrial properties like Inspace within the established eastern corridor.

Light Industrial At New Industrial Road — From S$5,888