Type

Units

Min Area

Price Range

Other

6000 sqft

S$30,000/mo – S$83,600/mo

Property Highlights

Commercial development with 3 units currently available.
Prices currently range from S$30,000 to S$83,600.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$6,000 on this acquisition.

Price Trends & Rental Yield

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Motor Image Industrial Space at Toa Payoh Lorong 8

Motor Image represents a significant industrial offering in one of Singapore's most established commercial hubs. Located at 19 Lorong 8 Toa Payoh, this development provides approximately 22,000 square feet of purposefully designed industrial workspace. The scale and configuration of this space makes it an attractive proposition for enterprises seeking substantial operational real estate in a central location without the premium price tag of fringe zones or newer developments.

The Toa Payoh precinct has long been a cornerstone of Singapore's industrial and logistics ecosystem. Companies operating from this district benefit from decades of established supply chain infrastructure, skilled workforce availability, and proven business continuity. Motor Image capitalises on this legacy whilst offering the kind of expansive, uninterrupted floor plate that modern logistics and manufacturing operations increasingly demand.

Operational Flexibility and Space Configuration

The unit spans 22,000 square feet of usable industrial space, providing genuine flexibility for varied operational requirements. Whether your business operates in warehousing, vehicle storage, logistics support, or other approved B1 industrial activities, the large floor area permits configuration tailored to your specific workflow. This level of spatial adaptability is particularly valuable for growing enterprises that need room for operational expansion without the disruption and expense of relocation.

The functional design of industrial space at this address prioritises efficiency. Clean floor-to-ceiling heights, straightforward column placement, and accessibility throughout the unit ensure minimal wastage and maximum usability. For businesses engaged in storage-intensive operations, the generous footprint translates directly into improved inventory management, reduced handling distances, and more organised material flow.

Transport Connectivity and Logistics Access

Motor Image benefits from exceptional transport connectivity that serves both staff commuting and goods movement. The development sits within walking distance of Toa Payoh MRT station and Braddell MRT station, ensuring employees and service providers can access the facility conveniently via public transport. This dual MRT connectivity substantially enhances recruitment appeal and reduces the need for on-site parking dedicated to commuter vehicles.

Beyond transit station access, the location provides direct connectivity to Singapore's major expressway network. The Central Expressway, Pan-Island Expressway, and East Coast Parkway are all within convenient reach, making this address ideal for logistics operators, distributors, and businesses requiring frequent goods movement to other parts of the island. The road infrastructure in Toa Payoh has been progressively upgraded to support industrial traffic, with well-maintained arterial roads facilitating efficient vehicle circulation.

Industrial Heritage and Established Infrastructure

Toa Payoh has functioned as Singapore's primary industrial heartland for over five decades. This historical continuity translates into mature supporting infrastructure: reliable utility provision, established waste management systems, and proven regulatory frameworks that industrial operators understand well. Many businesses in this precinct have operated continuously for decades, creating a stable, predictable environment for enterprise planning and execution.

The district's reputation as an industrial zone ensures that local authorities maintain infrastructure to high standards. Road maintenance, traffic management, and utility redundancy have all been optimised through years of operational experience. For businesses concerned about operational continuity and infrastructure reliability, this track record provides significant reassurance.

Suitability for Warehouse and Logistics Operations

The 22,000-square-foot footprint is particularly well-suited to warehouse and logistics businesses. This scale permits segregation of receiving, storage, and dispatch zones without excessive travel distances between functional areas. Businesses operating in e-commerce fulfillment, third-party logistics, automotive parts distribution, and similar sectors find that spaces of this magnitude provide the critical mass necessary for efficient operations.

Vehicle storage operators—whether automotive dealers, rental fleets, or parking service providers—benefit from the generous space and established industrial zoning of Motor Image. The Toa Payoh location is already synonymous with automotive-related operations, creating an environment where regulatory approvals and neighbour expectations favour this class of use. The unit's scale permits organised vehicle storage protocols, security infrastructure, and maintenance bays within a single, unified operational footprint.

Business Costs and Operational Economics

Industrial space in Toa Payoh commands rental rates substantially lower than equivalent square footage in newly developed logistics parks or premium fringe locations. The cost per square foot for this 22,000-square-foot unit reflects both the established character of the precinct and the operational efficiencies available to tenants in a mature industrial district. Businesses can therefore allocate capital more efficiently towards operational growth rather than occupancy overhead.

Utilities, including power supply for industrial operations, are competitively priced in Toa Payoh. The district's long operational history means electrical infrastructure is robust and capable of supporting heavy industrial loads. Businesses should note that all proposed uses remain subject to landlord consent and relevant authority approvals, ensuring that operational plans align with zoning classification and lease terms.

Investment and Capital Appreciation Considerations

Industrial properties in established precincts like Toa Payoh have historically demonstrated stable capital values and rental yield potential. The consistent demand for warehouse and logistics space in Singapore's geography, combined with land scarcity, means industrial real estate has appreciated steadily over two-decade cycles. Motor Image, positioned in one of Singapore's most recognised industrial addresses, participates in this long-term value creation trajectory.

The 22,000-square-foot scale of this offering positions it within the institutional investor market segment. Large operator occupiers and professional property investors recognise the operational efficiency and capital stability associated with substantial industrial floor plates in proven locations. This institutional demand tends to underpin valuations and rental yields more reliably than smaller, more niche spaces.

Lease Terms and Regulatory Framework

Industrial tenancies at Motor Image are arranged subject to landlord consent and compliance with relevant statutory approvals. Prospective occupiers should ensure their intended use falls within approved B1 industrial classifications and complies with local authority guidelines. The Toa Payoh precinct is well-established within Singapore's planning framework, with clear zoning designations and minimal regulatory ambiguity.

Rental and other applicable charges are subject to Goods and Services Tax. Occupiers should factor GST into their total occupancy cost calculations and ensure their financial models account for this statutory requirement. Long-term operational planning should incorporate periodic rental adjustments, as industrial leases typically include escalation provisions aligned with inflationary benchmarks.

Contact and Viewing Arrangements

Detailed floor plans, further technical information, and viewing arrangements are available through direct inquiry. Prospective tenants and investors should request comprehensive lease documentation, utility cost schedules, and compliance certifications prior to commitment. Professional property advisers can assist in evaluating the operational suitability of this space against specific business requirements and conducting tenant due diligence on existing occupiers if applicable.

Frequently Asked Questions

What rental yield can investors realistically expect from industrial space at Motor Image?

Industrial yields in Toa Payoh typically range from 4% to 6% gross depending on lease length, tenant credit quality, and lease escalation terms. Motor Image's 22,000-square-foot scale appeals to institutional occupiers and professional logistics operators who tend to sign longer leases (five to ten years) at stable rental rates. The establishment of Toa Payoh as Singapore's primary industrial zone means consistent tenant demand across economic cycles, supporting reliable yield generation. Investors should request existing lease schedules and historical occupancy rates to assess yield potential, as performance varies between individual units and lease structures.

How does the price per square foot at Motor Image compare to recent industrial transactions in Toa Payoh?

Industrial space in Toa Payoh has transacted at approximately S$3 to S$5 per square foot per month in recent years, depending on building age, proximity to MRT, and tenant profile. Motor Image's rate structure reflects its established location, mature infrastructure, and dual MRT connectivity. The substantial 22,000-square-foot unit size typically commands slightly more competitive rates than fragmented smaller spaces, as institutional occupiers value operational continuity and avoid the friction of managing multiple discrete tenancies. Comparative analysis should include lease escalation terms and tenant reversion assumptions, as net effective rates often differ materially from headline figures.

What ABSD implications apply if I purchase this industrial property as a second residential property?

Industrial properties classified as B1 uses are generally not subject to Additional Buyer's Stamp Duty, as ABSD applies specifically to residential property acquisitions by Singapore Citizens purchasing a second or subsequent residential dwelling. Motor Image is zoned for industrial and warehousing operations, not residential use, so ABSD at the 20% rate for second-property citizens does not apply. However, buyers should obtain legal confirmation of the exact zoning classification and intended use before purchase, as ABSD treatment depends on regulatory designation rather than mere physical appearance. Professional legal advice is essential to clarify stamp duty obligations for any individual transaction.

Does this industrial space carry lease decay risk or resale value sensitivity to lease duration?

Industrial properties in Singapore are typically held on longer leases (often 30 years or more) rather than the shorter 99-year or 999-year residential tenures, so lease decay follows a different trajectory. The primary risk factor for industrial resale value is obsolescence of the physical facility, changes in zoning or land use planning, and shifts in industrial demand patterns. Motor Image's location in Toa Payoh—a precinct unlikely to undergo major rezoning—provides structural protection against obsolescence risk. Resale value depends more heavily on tenant quality, lease terms, and capital expenditure requirements than on remaining lease duration. Investors should factor building age, maintenance condition, and compatibility with evolving industrial standards into long-term capital appreciation assumptions.

How does proximity to Toa Payoh and Braddell MRT stations affect occupier demand and property values?

Dual MRT connectivity significantly enhances occupier demand by reducing commuting friction for staff, particularly in logistics and warehousing roles where employee retention affects operational continuity. Companies can access wider talent pools without relying entirely on private transport, lowering their occupancy cost burden. This MRT accessibility typically supports rental rates 10% to 15% above comparable industrial spaces without nearby stations, reflecting genuine economic value to occupiers. Capital appreciation benefits from MRT connectivity are more pronounced during property cycles when industrial space becomes scarce; the accessibility makes this location a preferred choice for larger, professional operators who can pay sustainable rents and execute longer lease commitments.

Which buyer profiles—HNW individuals, upgraders, first-time investors, owner-occupiers—is Motor Image best suited to?

Motor Image primarily appeals to owner-occupier businesses requiring substantial industrial workspace (logistics operators, warehousing companies, automotive dealers) and professional property investors seeking institutional-grade industrial assets. Owner-occupiers benefit from operational stability, cost-controlled occupancy, and long-term capital appreciation in a proven business location. Professional investors favour the 22,000-square-foot scale, as it attracts creditworthy corporate tenants and supports efficient property management. First-time property investors may find the industrial classification and substantial capital requirement (typically S$1.8m to S$2.2m annually) challenging; industrial real estate requires sector expertise and operator relationships. High-net-worth individuals increasingly allocate capital to industrial real estate as portfolio diversification, valuing the inflation hedge and steady yield characteristics. Owner-occupiers should evaluate the space against specific operational requirements; investors should model tenant credit risk and lease expiry cycles.

What TDSR and financing constraints apply to buyers at Motor Image's typical price points?

Industrial property financing follows bank lending rules similar to residential mortgages, but lenders typically impose stricter Debt Service Ratio (TDSR) limits—often 60% rather than the 65% allowed for residential mortgages—due to higher interest rate volatility and occupier credit risk. At Motor Image's scale, total acquisition cost (including stamp duty, legal, and professional fees) typically reaches S$1.85m to S$2.3m depending on lease terms and negotiated price. Buyers should expect to provide 20% to 30% equity (S$370k to S$690k) and finance the remainder through mortgages at prevailing industrial lending rates (typically 2.5% to 3.5% above the Singapore Overnight Rate Average). TDSR calculations must incorporate lease income assumptions; banks will discount tenant-projected rents by 20% to 30% for stress-testing. Owner-occupiers financing via personal income will face stricter debt servicing assessments than investor-buyers with diversified income sources.

How does Motor Image compare to competing industrial developments in Toa Payoh and nearby precincts?

Toa Payoh hosts multiple industrial estates and developments, each with distinct positioning. Newer developments like those in Paya Lebar or Bukit Merah offer modern infrastructure but at premium rental rates (S$4 to S$6 per sqft monthly). Motor Image's value proposition lies in cost efficiency, established occupier networks, and proven operational infrastructure at more moderate rates. Developments in neighbouring Macpherson or Tai Seng offer alternative locations with different transport profiles and tenant demographics. Motor Image's dual MRT connectivity and established logistics ecosystem differentiate it from isolated precincts; its larger floor plate (22,000 sqft) permits configuration flexibility unavailable in smaller, subdivided units. Competitive positioning depends on whether occupiers prioritise cost, modernity, space scale, or transport connectivity; Motor Image delivers strong value across cost and scale dimensions for institutional operators.

Are certain floor levels or unit stacks at Motor Image better positioned for value retention and tenant demand?

Industrial buildings with substantial floor plates like Motor Image typically occupy single or double-floor configurations rather than distributed units across multiple levels. Ground-floor or first-floor positioning is generally preferred by tenants requiring vehicle access, forklift circulation, and frequent goods movement; these locations command 5% to 10% premium rents compared to upper-floor units. The 22,000-square-foot scale suggests the unit may occupy multiple contiguous levels or a full-floor configuration; tenants value contiguity over fragmentation for operational efficiency. If the space spans multiple floors connected by internal access (elevators or ramps), ensure vertical circulation capacity accommodates anticipated goods movement and vehicle access patterns. Upper floors suit lighter-load operations (assembly, packing, administration) but limit occupier pool for warehouse-intensive uses. Investors should verify floor configuration, ceiling heights, and loading dock accessibility when evaluating long-term tenant demand and capital appreciation potential.

What future supply pipeline exists in Toa Payoh and surrounding industrial zones, and how might it impact Motor Image's competitive positioning?

Toa Payoh's industrial capacity has been substantially built out over decades; significant new supply additions are unlikely due to land constraints and existing development density. Singapore's broader industrial supply pipeline focuses on newer precincts like Tampines, Bukit Merah, and Jurong, where land availability and modern infrastructure accommodate emerging logistics operators. This supply scarcity in Toa Payoh provides structural support for existing industrial real estate values; as newer precincts absorb new occupiers, Toa Payoh retains established, cost-conscious operators with long operational histories. Motor Image benefits from this supply dynamic—reduced new competition means existing premises retain pricing power and tenant stability. However, long-term occupier behaviour shifts (increasing preference for modern facilities, automated warehousing, sustainability-focused buildings) may gradually reduce demand for older industrial stock. Investors should monitor broader logistics sector trends, e-commerce distribution patterns, and government industrial land allocation policies; Motor Image's established position provides medium-term security, but capital appreciation over 10+ year horizons depends on whether the precinct remains competitive with emerging industrial alternatives.

Office At 19 Lorong 8 Toa Payoh — From S$30,000