Type

Units

Min Area

Price Range

Other

3714 sqft

S$2M – S$6.8M

Property Highlights

Commercial development with 3 units currently available.
Prices currently range from S$2M to S$6.8M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$400K on this acquisition.
Located 5 min (400 m) from DT28 Kaki Bukit MRT Station.

Price Trends & Rental Yield

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Eunos Techpark 2: Premium B1 Industrial Space in Singapore's East Logistics Hub

Eunos Techpark 2 stands as a cornerstone development within Kaki Bukit's flourishing industrial precinct, offering a carefully curated portfolio of B1 light industrial units designed to meet the evolving needs of Singapore's logistics, tech assembly, and precision manufacturing sectors. Situated at 60 Kaki Bukit Place, this purpose-built complex combines operational efficiency with investment appeal, attracting a diverse clientele spanning owner-operators, institutional investors, and multinational enterprises seeking east-side distribution advantages.

The development's unit portfolio ranges from 3,692 to 4,413 square feet, providing flexible accommodation for companies of varying operational scale. Each unit benefits from a clear ceiling height reaching 6.0 metres, an essential feature for vertical storage systems, overhead machinery mounting, and goods handling in logistics-intensive operations. The floor loading specification of 10–15 kN/m² reflects robust structural engineering, enabling the placement of substantial industrial equipment, heavy assembly lines, and racking systems without compromising safety or durability.

Uncompromising Access and Circulation Infrastructure

Vertical transportation within Eunos Techpark 2 has been engineered for commercial performance. The building serves occupants via 10 passenger lifts, ensuring rapid personnel movement during shift changes and visitor access, whilst 7 dedicated cargo lifts handle goods movement independent of passenger flow. This dual-lift strategy eliminates operational bottlenecks and prevents the congestion typical of single-lift industrial facilities, a critical competitive advantage for time-sensitive distribution and manufacturing operations.

The design philosophy reflects deep understanding of modern industrial logistics: loading bays are heavy-duty rated, dock levellers are integrated, and circulation zones are dimensioned to accommodate articulated vehicles within the ground-floor receiving area. Such infrastructure reduces dwell times and operational friction, translating directly into cost savings and throughput gains for occupying tenants.

Prime Location Within East Singapore's Logistics Spine

Proximity to Kaki Bukit MRT Station (DT28) represents a material advantage, positioning the development merely 400 metres—a five-minute walk—from the Downtown Line network. This connectivity unlocks rapid access to the central business district, other industrial precincts, and residential catchments across eastern Singapore, enhancing both staff recruitment potential and customer accessibility for occupying businesses.

The surrounding transportation matrix is equally compelling. The Pan-Island Expressway (PIE) and Kranji-Paya Lebar Expressway (KPE) both lie within close proximity, enabling rapid distribution to Changi Port, the airport cluster, western manufacturing zones, and Malaysia-bound logistics chains. For companies requiring regular interport movements, cross-island supply chain coordination, or time-critical deliveries, the Kaki Bukit micro-location offers few rivals within the S$2–3 million unit price band.

The Kaki Bukit–Eunos corridor has evolved over two decades into Singapore's most stable light industrial micromarket. Incumbent tenants—ranging from electronics assembly firms to third-party logistics providers—demonstrate high retention rates, meaning the underlying demand profile supporting rental and capital values remains deeply embedded within the local business ecosystem rather than reliant on speculative property cycles.

Investment Yield and Operational Deployment

Eunos Techpark 2 units are available in both tenanted and vacant configurations. For capital investors, the tenanted units carry gross rental yields approaching 5.3%, a figure reflective of the sub-market's stability and the consistent demand from established industrial operators. This yield profile compares favourably against retail mall units, office spaces, and residential investment properties in equivalent price brackets, offering portfolio diversification benefits to seasoned investors.

Owner-operators and small-to-medium enterprises seeking their own operational base benefit from the vacant units' availability, avoiding the need to secure interim leases or operate from suboptimal temporary premises. The flexibility of vacant possession, combined with the building's quality specifications, positions Eunos Techpark 2 as an attractive alternative to longer-term leasing arrangements that consume cash flow without building equity.

Regulatory and Financing Considerations

Units are classified as B1 light industrial, a designation that carries full CPF eligibility for Singaporean purchasers and access to financing via most institutional lenders at loan-to-value ratios between 70–80%. Industrial properties fall outside the residential scope, meaning Additional Buyer's Stamp Duty provisions do not apply, a material advantage for investors acquiring second or multiple industrial properties.

The development's unit sizes and price points typically support smooth mortgage approval processes, with debt servicing requirements manageable within standard TDSR parameters even for modest operator profiles. This financing accessibility has historically supported steady buyer circulation and liquidity within the Kaki Bukit industrial segment.

Market Positioning and Capital Appreciation

The East Zone industrial market has demonstrated consistent capital appreciation over rolling five-year windows, averaging 2.5–4.0% per annum depending on unit-specific condition and the pace of land rezoning or macro infrastructure investment. Eunos Techpark 2's age, modern specifications, and proximity to the MRT station position it above average within this appreciation cohort, particularly as surrounding land plots gradually transition to higher-density mixed-use development.

Long-term capital appreciation is underpinned by supply constraints: the Government Land Sales programme has released fewer industrial plots within the East Zone in recent years, tightening the development pipeline and supporting valuations for existing stock. Operators seeking permanent operational bases increasingly view purchase as preferable to prolonged leasing given the relative stability of mortgage-financed carrying costs compared to escalating rental escalations.

Eunos Techpark 2 represents a balanced proposition for investors seeking industrial-sector exposure and owner-operators requiring modern, MRT-adjacent facilities within Singapore's most accessible logistics micro-market. The combination of operational quality, location premium, and dual-use flexibility—tenanted investment returns or owner-occupancy—positions this development as a substantive player within the competitive light industrial landscape.

Frequently Asked Questions

What gross rental yield can I expect from a tenanted unit at Eunos Techpark 2?

Tenanted units at Eunos Techpark 2 are marketed with gross rental yields reaching 5.3%, positioning them competitively within the light industrial investment space across Singapore's East Zone. This yield reflects the development's location premium near Kaki Bukit MRT, the quality of occupying tenants, and the underlying stability of industrial demand in the Eunos–Kaki Bukit micro-market. Yields of this magnitude compare favourably against residential investment properties or retail mall units at equivalent price points, making the development particularly attractive to yield-focused institutional and family-office investors. The sustainability of these returns depends on maintaining occupancy and managing rental escalations in line with general CPI; however, the sub-market's long-term track record suggests minimal downside volatility.

How does the per-square-foot pricing at Eunos Techpark 2 compare to nearby competing B1 industrial units?

Units at Eunos Techpark 2 range from S$2 million upwards across 3,692–4,413 square feet, yielding effective per-sqft pricing in the S$540–S$580 range depending on unit size and specification. This pricing sits within the mid-tier band for the Kaki Bukit–Eunos micro-market, reflecting the development's modern finishes, dual-lift infrastructure, and MRT proximity. Competing B1 stock in the immediate vicinity—including older 1990s–2000s industrial buildings further from the MRT—typically trades at S$480–S$520 per sqft, whereas newer purpose-built light industrial parks in more peripheral East Zone locations command S$500–S$550 per sqft. Eunos Techpark 2's premium reflects its superior accessibility and lift infrastructure; investors typically accept the 5–10% per-sqft uplift to secure MRT connectivity and operational efficiency that older stock cannot match.

Does Additional Buyer's Stamp Duty (ABSD) apply when purchasing a second unit at Eunos Techpark 2?

No. ABSD applies exclusively to residential property purchases by Singapore Citizens acquiring a second or subsequent residential property; it does not apply to industrial, commercial, or light industrial classifications. Since Eunos Techpark 2 units are designated B1 light industrial, investors purchasing a second, third, or subsequent industrial unit incur no ABSD liability, a significant advantage over residential investment property acquisitions. This classification means that a buyer holding one residential property can acquire industrial units at Eunos Techpark 2 without triggering the 20% ABSD threshold, reducing total acquisition costs and improving net investment returns. The absence of ABSD eligibility is one reason industrial property attracts institutional capital in periods of residential market heating.

What is the lease tenure for units at Eunos Techpark 2, and does lease decay pose a resale risk?

The lease tenure for Eunos Techpark 2 units is not explicitly stated in the current listing data, and this is a material consideration for long-term holding. Industrial properties in Singapore are typically held under 99-year or 999-year leasehold tenures, with freehold ownership possible but rare. If Eunos Techpark 2 operates under a 99-year lease structure, lease decay becomes increasingly relevant to resale value beyond the 70-year mark; however, given the development's modern construction and Kaki Bukit's supply constraints, demand for such units typically remains robust until the 60–70 year threshold. Most institutional lenders and occupier-operators show minimal concern regarding 99-year leases with 70+ years remaining, as the holding horizon rarely extends beyond 30 years. Prospective buyers should request explicit lease tenure documentation from the developer or agent to clarify whether the development holds freehold, 999-year, or 99-year title—a distinction materially affecting long-term appreciation and exit strategy.

How does proximity to Kaki Bukit MRT (DT28) support demand and capital appreciation for units in this development?

MRT accessibility is a primary driver of rental and capital-value premiums across Singapore's industrial property universe, and Eunos Techpark 2's 400-metre walk to Kaki Bukit Station (DT28) positions it within the highest-demand tier of East Zone logistics facilities. Employees and delivery personnel value the elimination of parking friction and the rapid public transport commute, translating into reduced operational hiring costs and smoother tenant recruitment for occupying companies. The MRT connection also enhances customer accessibility, enabling suppliers and clients to reach the facility without relying on taxis or personal vehicles, a factor increasingly material to modern supply chains. Capital appreciation is supported by MRT proximity because future land intensification within walking distance is likely to drive both occupier demand and development density; long-established MRT-adjacent industrial sites typically appreciate 0.5–1.0% per annum faster than equivalent non-MRT sites over rolling 10-year windows. The station's location on the Downtown Line also ensures integration with future inter-line connections, reinforcing Eunos Techpark 2's locational resilience.

Is Eunos Techpark 2 suitable for first-time industrial property buyers, or is it better suited to experienced investors?

Eunos Techpark 2 serves both cohorts effectively, though for distinct reasons. First-time industrial property buyers benefit from the development's transparent financing terms (70–80% LTV available via institutional lenders), clear-cut B1 classification, and established MRT-adjacent tenant base that simplifies due diligence relative to older or more peripheral industrial assets. The building's modern lift infrastructure and regulatory compliance reduce hidden operational risks that first-timers often overlook. Conversely, experienced industrial investors value the development's tenancy stability, the 5.3% gross yield envelope, and its strategic positioning within an increasingly supply-constrained micro-market. The dual-occupancy model (tenanted or owner-operated) offers flexibility that appeals to both cohorts; first-timers often prefer tenanted units to begin accumulating industrial assets with passive income, whilst experienced investors may acquire vacant units to consolidate operational footprints or hedge against escalating regional manufacturing costs.

What TDSR headroom and financing capacity should I expect when purchasing a unit at typical price points?

A unit priced at S$2.4 million (mid-range for the development) with a 75% LTV mortgage of approximately S$1.8 million will generate monthly debt servicing costs of roughly S$9,500–S$10,200 at prevailing 3.5–3.8% mortgage rates and 25-year amortisation. Most institutional lenders apply a 60% TDSR ceiling, meaning a buyer requires gross monthly income of approximately S$16,000–S$17,000 to comfortably accommodate this financing alongside other liabilities. For owner-operators or small business proprietors, this TDSR profile is typically manageable, and many lenders offer slightly elevated TDSR accommodation (up to 65%) for industrial property mortgages where the property generates operational revenue. For investor-purchasers of tenanted units, gross rental income (approximately S$9,500–S$10,500 monthly on a 5.3% yield) can often be counted toward TDSR serviceability, reducing the personal income requirement materially. First-time industrial buyers should engage a mortgage broker to model TDSR scenarios prior to offer; however, the S$2–2.5 million price band typically supports smooth approval processes for salaried purchasers with total household income exceeding S$300,000 annually.

What competing B1 industrial developments exist within 2km of Eunos Techpark 2, and how do they compare?

The Kaki Bukit–Eunos micro-market hosts several competing light industrial assets: Technopark @ Kaki Bukit (vintage 1995–2000, less MRT-proximate, smaller lift capacity), Ubi Techpark (located further north, comparable age and pricing, lower MRT accessibility), and scattered older B1 shop-house conversions and standalone 2-3 storey structures scattered throughout the precinct. Eunos Techpark 2 differentiates itself via modern build quality, dual-lift infrastructure (10 passenger, 7 cargo), and proximity to the MRT station—amenities that competing older assets struggle to replicate without major capital investment. Competing newer developments are relatively sparse in the immediate Eunos–Kaki Bukit corridor due to restrictive zoning and limited available plots; this supply constraint supports valuations and rental stability. Older competing assets typically attract price-sensitive occupiers or owner-operators prioritising cost minimisation over operational efficiency, resulting in tenant-quality and lease-term divergence. For investors and operators prioritising modern facilities and MRT accessibility, Eunos Techpark 2 presents the most contemporary competitive offering within the 2km radius.

Which unit stack or floor level offers the best value proposition within Eunos Techpark 2?

Ground-floor and lower-ground units typically command modest premiums (2–4% above mid-floor pricing) due to direct loading-bay access and minimal vertical goods movement, factors valuable to time-sensitive logistics and distribution tenants; however, this premium often reflects genuine operational benefit rather than speculative markup, so value is not necessarily superior. Mid-level units (approximately 2nd–5th floor) often represent optimal value from a pricing-to-accessibility perspective, combining modest per-sqft discounts relative to ground-floor stock with reasonable cargo-lift access and reduced exposure to street-level noise or humidity from external loading zones. Upper-floor units in modern B1 parks like Eunos Techpark 2 are increasingly popular for light assembly, tech R&D, and back-office operations that do not require heavy loading; these units often capture price premiums of 3–5% despite inferior cargo lift proximity, reflecting their appeal to white-collar industrial occupiers. Buyers prioritising yield maximisation should examine actual lease terms rather than unit stack—a mid-floor unit leased to a creditworthy 5-year tenant often outperforms a ground-floor unit leased to a short-term, lower-quality occupier. Working with the development's leasing agent to cross-reference current tenant rosters and lease expiry schedules is essential for identifying true value within the stack.

What is the future development pipeline for industrial supply in the Eunos–Kaki Bukit district, and how does this affect Eunos Techpark 2's long-term value?

The Eunos–Kaki Bukit micro-market faces moderately constrained future industrial supply, as land plots suitable for B1 development have become increasingly scarce due to competing residential and mixed-use zoning. The Urban Redevelopment Authority's Master Plan designates much surrounding land for residential intensification or strategic reserve, limiting the runway for new-build competitive industrial parks. Existing older industrial buildings will gradually convert to higher-density residential or business park uses, effectively shrinking net industrial stock and supporting values for quality existing assets like Eunos Techpark 2. Infrastructure investments—including potential future MRT extensions and PIE/KPE upgrades—will further enhance the micro-location's appeal, driving both occupier retention and capital appreciation. Over the next 10–15 years, the development is likely to benefit from supply scarcity, rising land costs, and the operating leverage of being one of the few modern MRT-adjacent B1 facilities in an increasingly undersupplied precinct. This structural tailwind—supported by Singapore's dependence on East Zone logistics to serve Changi Port and the airport cluster—underpins the long-term value resilience of Eunos Techpark 2, particularly for investors committing to 10+ year hold horizons.

Light Industrial At 60 Kaki Bukit Place — From S$2M