Type

Units

Min Area

Price Range

Studio

2390 sqft

S$2.3M

Other

2174 sqft

S$1.8M – S$2.3M

Property Highlights

Commercial development with 7 units currently available.
Prices currently range from S$1.8M to S$2.3M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$362K on this acquisition.
Located 13 min (1.06 km) from CC12 Bartley MRT Station.

Price Trends & Rental Yield

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Inspace: Premium Light Industrial Workspace Near Bartley

Inspace represents a compelling opportunity within Singapore's industrial property market, offering modern B1 light industrial units in a strategically located precinct. Situated at 24 New Industrial Road, this development sits within one of the island's most established manufacturing and logistics clusters, providing operators and investors with access to an operational ecosystem built over decades. The location offers immediate proximity to key transport infrastructure whilst maintaining the operational benefits of a mature industrial zone.

The development's positioning approximately 1.06 km from Bartley MRT station (CC12 line) ensures efficient workforce commuting and visitor accessibility. This transport connectivity extends to Tai Seng MRT station, reinforcing the area's appeal to businesses requiring reliable personnel movement and inter-company logistics. The precinct's accessibility has historically supported strong occupancy rates and competitive rental yields across comparable industrial facilities in the surrounding area.

Spatial Design and Unit Configurations

Units at Inspace are configured as generalist light industrial spaces with flexible layouts suited to diverse operational requirements. The available units span approximately 2,390 sqft, a footprint well-suited to mid-scale manufacturing operations, advanced logistics facilities, warehousing with value-added services, and emerging sectors such as food production and technology assembly. This size category remains consistently in demand across Singapore's industrial market, particularly among operators seeking operational independence without the capital intensity of larger dedicated facilities.

The B1 classification provides regulatory clarity and operational flexibility for a broad range of permitted uses, ranging from light assembly and precision manufacturing through to storage and distribution operations. This classification flexibility has proven advantageous for investors seeking long-term tenant stability, as the potential tenant pool remains substantially larger than more restrictive industrial categories.

Essential Facilities and Infrastructure

The development provides integrated support infrastructure essential for operational continuity. Dedicated covered car parking accommodates both staff vehicles and visitor transportation, addressing a critical operational requirement in industrial precincts where parking scarcity can constrain business expansion. The inclusion of a functional loading bay facilitates efficient goods movement, a paramount consideration for logistics and manufacturing tenants who depend on rapid throughput and vehicle access.

Security infrastructure, including CCTV coverage throughout the development, provides operational assurance valued by tenants storing valuable equipment, raw materials, or finished inventory. This security investment enhances tenant confidence and supports the development's positioning within a professional industrial precinct. The inclusion of a fitness corner and pool deck represents forward-thinking amenity design that acknowledges the wellbeing preferences of contemporary industrial workforces, supporting tenant recruitment and retention across extended operating hours.

Surrounding Commercial Ecosystem

The immediate vicinity hosts established retail and convenience infrastructure supporting both tenant operations and workforce requirements. Sheng Siong Supermarket's proximity facilitates meal and supply purchases during extended working hours, addressing practical needs within industrial precincts where dedicated food services may be limited. The presence of Tineco shopping mall provides diversified retail access within reasonable proximity, supporting both business-related purchasing and personal convenience for on-site personnel.

The industrial precinct itself maintains established relationships with specialised industrial suppliers, logistics providers, and complementary manufacturing operations. This ecosystem continuity has historically supported lower operational friction for tenant businesses, as supply chain relationships remain geographically concentrated and operationally efficient. For businesses in competitive sectors such as advanced manufacturing or precision logistics, this clustering effect provides tangible operational advantages.

Educational Proximity and Workforce Considerations

Paya Lebar Methodist Girls' School (Primary) situated within the surrounding area contributes to the precinct's appeal as an employment destination for workers prioritising accessible school commuting. Industrial precincts with strong educational infrastructure within commuting distance have consistently demonstrated advantages in workforce retention, particularly for female-led businesses or operators employing parents of primary-age children. This demographic advantage has historically supported premium rental and resale valuations within similarly positioned precincts.

Investment Positioning and Market Fundamentals

Light industrial property within established zones has historically demonstrated resilience across economic cycles, supported by persistent operational demand from manufacturing and logistics sectors. The B1 classification's regulatory flexibility creates a deeper tenant pool than more restrictive industrial categories, supporting both occupancy rates and rental yield stability. For investors evaluating yield relative to capital deployed, light industrial units at Inspace offer an alternative positioning to retail or office segments, with operational characteristics aligned to longer-term tenant relationships and more predictable cashflow patterns.

The precinct's maturity—evidenced by established supplier ecosystems and operational infrastructure—contrasts favourably with emerging industrial zones where tenant acquisition and infrastructure development remain ongoing. Investors prioritising immediate operational occupancy over speculative appreciation will find Inspace's positioning within an established ecosystem advantageous for capital deployment efficiency.

Access and Transportation Integration

Beyond immediate MRT connectivity, the industrial precinct maintains direct access to major arterial roads serving the broader east-central industrial corridor. This dual-mode accessibility—both public transport and vehicular—supports a diverse tenant base from employee-intensive operations requiring workforce commuting to logistics companies depending on regular truck movements and container handling. The redundancy of transport access historically supports stability in tenant demand across varying economic conditions affecting different operational modes.

The location's positioning within an established commercial district ensures that supporting infrastructure—from banking services through to specialised industrial contractors—remains embedded within the surrounding precincts. This operational maturity reduces tenant friction in business operations and supports long-term value creation for property investors.

Inspace represents a pragmatic positioning within Singapore's industrial property market, combining established location fundamentals with modern facility infrastructure. The development's appeal extends across investor profiles seeking operational income streams and operators requiring flexible, well-connected industrial workspace without premium urban property positioning. The B1 classification's regulatory flexibility, combined with precinct-level operational ecosystem maturity, supports both occupancy stability and capital preservation characteristics valued across longer investment time horizons.

Frequently Asked Questions

What rental yield might an investor expect when purchasing a unit at Inspace for leasing to operators?

Light industrial property yields in established Singapore precincts typically range between 4% and 6% annually, depending on unit size, configuration, and tenant covenant quality. Inspace's positioning within an established industrial ecosystem with strong operational demand from manufacturing and logistics operators supports yields in this range. Actual yields depend on tenant selection, lease structure, and maintenance protocols—investors should factor in vacancy periods (typically 2–4 weeks between tenancies in industrial precincts) and outgoing costs including utilities and maintenance. The B1 classification's regulatory flexibility attracts a broader tenant pool than more restrictive industrial categories, historically supporting faster re-letting and more stable occupancy rates compared to standalone manufacturing-only facilities.

How do current psf prices at Inspace compare to recent transactions in the surrounding industrial precinct?

Light industrial property in the Bartley–Tai Seng corridor has traded at approximately S$850–S$950 psf on a recent transaction basis, reflecting the precinct's maturity and established operational demand. Inspace's positioning and modern amenities support pricing within this range or at modest premiums reflecting facility condition and lease structure clarity. Comparative analysis should account for unit condition, parking allocation, loading infrastructure, and remaining lease tenure on any leasehold holdings. Investors should review recent arms-length transactions within a 500-metre radius to validate pricing relative to comparable B1 facilities, accounting for variations in floor level, frontage quality, and operational flexibility for different tenant profiles.

What Additional Buyer's Stamp Duty implications apply if a Singapore Citizen purchases a unit as a second residential property?

Singapore Citizens purchasing a second residential property are subject to Additional Buyer's Stamp Duty (ABSD) at 20% of the purchase price, a material cost addition to the acquisition. However, Inspace comprises light industrial B1 units classified as commercial property rather than residential property, and therefore ABSD does not apply to purchases of units at this development. Commercial and industrial property acquisitions, including B1 light industrial spaces, are exempt from ABSD regulations regardless of an investor's prior residential property ownership. This exemption enhances the investment case for investors already holding residential properties, as industrial property acquisitions do not trigger the 20% ABSD charge that would apply to second-property residential purchases.

What lease decay risk and resale value implications should investors anticipate if units are held on leasehold tenure?

Lease decay risk applies only if Inspace units are held on leasehold tenure rather than freehold ownership; investors should verify tenure classification for any unit under consideration. If leasehold, investor protections depend on lease length—99-year leases decay in value over time as the unexpired term shortens, whilst 999-year leases have minimal decay relevance within typical investment horizons. Resale value erosion accelerates once a leasehold property falls below 80 years unexpired, reducing buyer pool depth and financing availability. Industrial property investors should prioritise units with longer unexpired tenure to preserve capital value across hold periods. Leasehold light industrial property has historically demonstrated more stable value retention than residential property due to operational utility taking precedence over lease-dependent valuation for business operators.

How does proximity to Bartley MRT station (CC12) influence tenant demand and long-term capital appreciation at Inspace?

MRT station proximity enhances tenant demand by reducing transport friction for workforce commuting and visitor accessibility, typically supporting 5–10% premium rental rates compared to non-MRT-adjacent industrial facilities. The Bartley MRT station's positioning on the Circle Line provides direct connectivity to major employment centres, supporting tenant recruitment from a wider geographic catchment. For property investors, MRT accessibility has historically supported faster leasing cycles (typically 2–4 weeks shorter than non-adjacent facilities) and more stable occupancy rates. Capital appreciation has historically favoured industrial property within 800 metres of MRT stations, as transport accessibility becomes embedded into operator site-selection criteria across economic cycles. The Circle Line's strategic routing through east-central Singapore positions Bartley station as a reliable long-term connectivity anchor supporting sustained demand for B1 light industrial space.

Which investor profiles—HNW individuals, upgraders, first-timers, owner-occupiers—best suit purchasing units at Inspace?

Inspace appeals primarily to three investor profiles: established property investors seeking yield-generating industrial portfolio diversification; owner-occupying operators (small-to-medium manufacturing or logistics businesses) requiring flexible B1 workspace; and commercial property-focused HNW individuals building diversified real estate portfolios beyond residential holdings. First-time property buyers would typically find residential property more suitable given familiar financing pathways and clearer exit liquidity. Upgraders from residential property may find industrial investments attractive as non-residential diversification, particularly if seeking yield rather than capital appreciation. Owner-occupiers benefit from modern facilities, secure loading infrastructure, and immediate precinct ecosystem maturity supporting operational efficiency. Institutional investors (REITs, funds) occasionally acquire industrial property tranches but typically require larger portfolio groupings; individual unit purchases suit individual investors rather than institutional buyers.

What TDSR headroom and typical financing terms should investors expect when financing purchases at Inspace?

Light industrial property purchases typically attract 70–75% loan-to-value (LTV) financing from major Singapore banks, positioning a unit purchased at approximately S$2.28 million with loan drawdowns of S$1.6–1.71 million and required cash equity of S$570–680k. At prevailing mortgage rates (typically 4.0–4.5% for industrial property), monthly debt servicing on a 25-year tenure approximates S$7,600–8,100. Total Debt Service Ratio (TDSR) calculations require verification against individual income profiles—investors should model debt servicing against rental yield projections (typically 4–6% in this precinct) to assess cashflow coverage. Stronger TDSR outcomes typically occur when rental yield exceeds debt servicing costs, creating positive cashflow scenarios. First-time property investors should engage mortgage brokers early to validate personal financing headroom; industrial property lending adheres to TDSR caps (60% inclusive of all debt obligations) and requires transparent income documentation more rigorously than residential lending.

How does Inspace compare to competing light industrial developments in the Bartley–Tai Seng precinct?

The Bartley–Tai Seng industrial precinct hosts several comparable B1 light industrial developments, each offering varying combinations of facility modernisation, parking provision, and lease structure. Inspace differentiates through integrated amenity offerings (fitness facilities, pool deck) less common in older industrial stock, supporting operational attractiveness to technology-sector and knowledge-intensive manufacturing tenants. Competing developments may offer larger unit configurations, competing for different operational profiles (pure storage versus integrated manufacturing). Pricing comparison requires normalisation for unit size, parking allocation, loading infrastructure quality, and facility condition—psf comparisons across the precinct typically range S$850–S$950, with Inspace's modern amenity provision supporting positioning at the mid-to-upper range. Competitive advantage for Inspace derives from facility modernisation rather than location advantage; the precinct itself comprises the primary location benefit for all participants. Investors should view competitive development as supportive of long-term precinct demand rather than threatening, as precinct-wide strength sustains occupancy and rental rate stability across all participants.

Are particular floor levels or unit stacks within Inspace likely to offer superior value retention and tenant appeal?

Ground-floor units typically command premium rental rates (5–10% above higher floors) due to direct loading bay access and vehicle circulation convenience, particularly valued by logistics and receiving-intensive operators. However, ground-floor premiums do not consistently translate to superior capital appreciation—investors should factor tenant profile preferences alongside pricing. Mid-level units (second through fourth floors) often represent optimal value positioning, offering accessibility for smaller operators without ground-floor premium pricing. Higher floors (fifth and above, if applicable) may face reduced tenant demand in light industrial contexts where operational frequency of goods movement drives space selection decisions. Exposure (natural light, ventilation) influences tenant satisfaction and lease renewal likelihood; units with superior fenestration support longer tenant tenures and thus more stable cashflow for investors. Investors should balance unit cost against anticipated tenant profile and lease renewal probability—a slightly lower-priced unit attracting committed long-term tenants often outperforms premium positioning on units facing recurring vacancy cycles.

What future supply pipeline and competitive pressures might affect Inspace's long-term value and occupancy stability?

The east-central industrial precinct has historically experienced limited new B1 light industrial supply due to land scarcity and competing demand for land from residential and commercial development. The Government's strategic focus on preserving industrial land for manufacturing and logistics supports long-term constraint on competing new supply entering the precinct—existing facilities maintain operational relevance as competing new development remains limited. However, technological displacement risks require monitoring: automation and advanced logistics techniques could reduce absolute demand for traditional light industrial workspace in specific sectors (e.g., parts assembly, repetitive manufacturing). Conversely, emerging sectors (precision manufacturing, advanced electronics assembly, food production) have demonstrated growing space demand within established precincts. Investors should anticipate stable long-term demand across the precinct whilst remaining aware of individual tenant sector dynamics—broad portfolio approach (multiple units, diverse tenant sectors) reduces single-sector risk exposure more effectively than concentration in specific operational categories. The precinct's maturity and limited competing supply position Inspace advantageously for long-term value preservation, though individual operator performance remains tenant-dependent rather than development-dependent.

Light Industrial At New Industrial Road — From S$1.8M