Type

Units

Min Area

Price Range

Studio

2228 sqft

S$1.9M

Other

2228 sqft

S$1.9M – S$2.4M

Property Highlights

Commercial development with 3 units currently available.
Prices currently range from S$1.9M to S$2.4M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$370K on this acquisition.

Price Trends & Rental Yield

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Tagore Building: Industrial Workspace on Tagore Drive

Tagore Building stands as an established light industrial facility offering Grade-B1 warehouse space tailored to Singapore's robust manufacturing and distribution sector. Located on Tagore Drive, this development presents a practical acquisition opportunity for owner-occupiers and portfolio investors seeking tangible industrial assets in a consolidated commercial zone. The building's functional design and straightforward operational layout appeal to a broad spectrum of industrial users, from small-scale production enterprises to mid-sized logistics operators seeking immediate occupancy.

Facility Specifications and Operational Features

Units at Tagore Building come equipped with essential utilities and amenities designed to support continuous commercial operations. Each space benefits from dedicated water supply infrastructure, a critical requirement for manufacturing, cleaning, and process-dependent operations across diverse industries. The inclusion of attached toilet facilities ensures compliance with workplace standards and enhances user comfort for on-site personnel managing daily operations. The consistent floor plate sizing, approximately 2,228 sqft per unit, provides sufficient headroom for equipment layout, workflow optimisation, and future operational scaling without the constraints of irregular geometry or awkward column placements that often characterise older industrial stock.

Investment and Ownership Appeal

Tagore Building's positioning within Singapore's industrial landscape reflects the country's enduring reliance on warehousing, light manufacturing, and third-party logistics facilities. For investors evaluating this development, the grade and specification align with mid-market demand: not premium Grade-A space commanding premium rents, yet above commodity warehouse offerings. This positioning typically sustains more resilient tenant retention and occupancy rates relative to lower-tier facilities. The straightforward nature of light industrial assets—fewer moving parts than retail or hospitality, lower tenant volatility than residential—appeals to investors seeking steady, less cyclical income streams. Owner-occupiers, meanwhile, benefit from stable long-term operational costs and the ability to execute their own business strategy without third-party landlord constraints.

Location and Accessibility

Situated on Tagore Drive, the development taps into one of Singapore's historically robust industrial clusters. Tagore Drive's established infrastructure, proximity to arterial routes, and integration within broader logistics networks enhance logistics efficiency for tenants requiring just-in-time supply chains or frequent goods movement. The location's accessibility to port facilities, airport approaches, and the broader Pan-Island Expressway network underscores its appeal for distribution-centric operations. This geographic positioning supports both owner-occupier productivity and investment-grade tenant acquisition, as businesses actively seek industrial premises with proven transport connectivity and established supply-chain infrastructure.

Market Context and Comparable Positioning

Light industrial space in Singapore's established precincts continues to command attention from both owner-occupiers and institutional investors seeking yield-generative real assets. Tagore Building's entry point from S$1.85 million reflects current market conditions for Grade-B1 facilities, where pricing anchors to underlying operational utility rather than speculative development premiums. Prospective purchasers evaluating the development should consider comparable per-square-foot pricing across Tagore Drive and adjacent industrial zones, where similar grade facilities typically trade within a defined bandwidth. The development's straightforward functionality—no premium finishing, no concierge services, no aspirational branding—translates to transparent, operationally focused valuations that correlate directly to income-generating capacity and holding costs.

Suitability Across Buyer Profiles

Tagore Building accommodates multiple buyer archetypes. Owner-occupier manufacturers and logistics operators benefit from immediate operational control, elimination of landlord dependencies, and the ability to amortise acquisition costs against business cash flow. Investment-focused purchasers appreciate the development's rental appeal to operational users whose business model mandates physical space; such tenants typically exhibit lower default risk and longer average lease tenure than speculative commercial or retail tenants. First-time industrial property investors find the straightforward operational model and transparent income generation particularly accessible compared to specialised facilities requiring deeper sector expertise. High-net-worth individuals diversifying across real asset classes discover in Tagore Building a liquid, comprehensible investment vehicle backed by genuine tenant demand and long-term supply constraints in Singapore's fixed industrial land base.

Operational Economics and Financing Considerations

Prospective buyers should factor holding costs—property tax, maintenance reserves, utilities, and insurance—into net yield projections. Light industrial facilities typically carry lower occupancy risk and more predictable tenant profiles than retail or hospitality, supporting more conservative financing assumptions. Mortgage availability for industrial property has remained robust, with financial institutions viewing warehouse and light manufacturing space as prudent security. Buyers evaluating Tagore Building should stress-test their financing assumptions against interest-rate scenarios and occupancy contingencies; established industrial zones typically demonstrate 85% to 95% occupancy across market cycles, providing reasonable baseline assumptions for debt-servicing capacity calculations.

Long-Term Value Dynamics

Singapore's industrial land base is finite and progressively constrained by competing land-use demands and urbanisation. This structural undersupply supports long-term capital appreciation potential for industrial properties, particularly in established, accessible zones such as Tagore Drive. Unlike residential property, industrial facilities benefit from minimal speculation, as acquisition costs and operational complexity deter casual investor participation; buyer pools remain anchored to genuine occupiers and disciplined portfolio investors. This dynamic typically supports more rational price discovery and reduced boom-bust volatility relative to residential or commercial office markets. Buyers acquiring at Tagore Building today participate in this supply-constrained appreciation dynamic whilst simultaneously capturing operational yield.

Sector Fundamentals and Future Demand

Singapore's positioning as a global trading and logistics hub sustains structural demand for industrial capacity. Manufacturing renaissance initiatives, reshoring trends from China and other high-cost jurisdictions, and the nation's expanding e-commerce ecosystem continue to underpin warehouse and light industrial demand. Tagore Building's established position and functional specification align these long-term demand drivers, suggesting resilient tenant availability and rental rate momentum consistent with broader economic growth. Investors considering the development should view acquisition within this multi-decade structural demand context rather than treating industrial property as a cyclical asset prone to boom-bust dynamics.

Frequently Asked Questions

What rental yield might a buyer expect if acquiring a unit at Tagore Building as an investment property?

Light industrial space at Tagore Building, priced from S$1.85 million, typically generates gross rental yields ranging from 4% to 6% depending on tenant profile, lease duration, and current market rental rates for comparable Grade-B1 facilities on Tagore Drive. A unit at the quoted price point could conservatively support annual rental income of S$74,000 to S$111,000, assuming mid-range market rents of S$4.00 to S$6.00 per square foot per month for functional warehouse space. Net yield—after accounting for property tax, maintenance contingencies, insurance, and vacancy reserves—typically reduces gross yield by 1.0 to 1.5 percentage points, positioning net returns at approximately 2.5% to 5.0% depending on operational efficiency and tenant covenant strength. Investors should validate current comparable rental transactions on Tagore Drive to calibrate yield expectations against prevailing market rates and tenant demand density.

How does Tagore Building's per-square-foot pricing compare to recent light industrial transactions in the same area?

At S$1.85 million for approximately 2,228 sqft, Tagore Building's entry price equates to roughly S$830 per square foot, positioning it within the mid-market range for Grade-B1 facilities on Tagore Drive and adjoining industrial zones. Recent comparable transactions for similar-grade light industrial space in the immediate precinct typically range from S$700 to S$950 per square foot, reflecting variations in unit condition, tenant-readiness, utility configuration, and individual buyer motivation. Prospective purchasers should conduct a detailed comparable sales analysis across the last 12 to 24 months of recorded transactions on Tagore Drive and nearby industrial clusters to establish whether Tagore Building's pricing represents fair value relative to location, specification, and tenant-income potential. Market momentum and pipeline supply also influence per-square-foot benchmarking; buyers should assess whether comparable stock is becoming scarcer, suggesting upward pricing pressure, or more abundant, indicating potential negotiating leverage.

What Additional Buyer's Stamp Duty (ABSD) implications apply if a Singapore Citizen purchases a unit at Tagore Building as a second property?

Under current Singapore tax legislation, a Singapore Citizen acquiring a second residential property incurs Additional Buyer's Stamp Duty at the rate of 20% on the purchase price. However, it is crucial to note that Tagore Building comprises light industrial (Grade-B1) premises, not residential property, and therefore falls outside the scope of ABSD entirely. Industrial, commercial, and business-use properties—including warehouse and light manufacturing facilities—are exempt from ABSD regardless of how many residential properties the buyer already owns. This exemption makes Tagore Building particularly attractive to Singapore Citizen investors already holding residential property who wish to diversify into real asset classes without triggering additional stamp duty burdens. Buyers should confirm with legal counsel that their intended use aligns with Grade-B1 industrial classification to ensure ABSD exemption applicability.

What lease tenure does Tagore Building carry, and how might future lease decay affect resale value?

Tagore Building's lease tenure must be confirmed with the developer or sales agent, as this detail is not specified in the current data; however, Singapore industrial properties typically carry either 99-year, 999-year, or Freehold tenure. If the property holds a 99-year lease, buyers should calculate remaining tenure at point of acquisition and model future depreciation trajectories; Singapore property law recognises that properties approaching 80 years remaining lease typically experience accelerated value erosion as refinancing options narrow and investor appetite declines. Conversely, if Tagore Building carries 999-year or Freehold tenure, lease decay poses negligible risk and resale value remains anchored primarily to underlying income generation and land value rather than tenure mechanics. Prospective buyers must verify exact tenure documentation and, if applicable, calculate the building's age and projected lease maturity to assess whether lease renewal options or extension possibilities exist under Singapore's Land Titles Act, as these factors materially influence long-term capital preservation and financing availability.

How does Tagore Drive's proximity to MRT infrastructure influence tenant demand and long-term capital appreciation at Tagore Building?

Tagore Drive's accessibility to Singapore's MRT network—if served by nearby stations—enhances appeal for tenants whose workforce relies on public transport and for businesses seeking to attract skilled operational staff. MRT connectivity typically supports tenant recruitment, reduces parking pressure, and enhances property marketability relative to isolated industrial locations requiring private transport; these factors sustain higher occupancy rates and rental resilience across economic cycles. The absence of a directly adjacent MRT station, however, does not materially diminish Tagore Building's investment merit, as light industrial tenants prioritise logistics accessibility (road networks, proximity to port and airport) over public-transport connectivity more heavily than office or retail occupiers. Long-term capital appreciation hinges primarily on underlying supply constraints, operational utility, and tenant income generation rather than MRT proximity; investors should assess Tagore Drive's position within broader logistics networks and transport corridors as the primary determinant of future demand and value trajectory rather than overweighting MRT factors applicable to residential or office space.

What buyer profiles is Tagore Building most suitable for, and why?

Tagore Building appeals across multiple buyer archetypes: owner-occupiers operating manufacturing, warehousing, or light assembly operations benefit from immediate operational control, elimination of landlord constraints, and the ability to amortise acquisition costs against business cash flow with tax deductibility. Investment-grade portfolio holders seeking recurring income streams find light industrial space attractive due to lower tenant volatility, longer average lease tenure, and reduced speculative dynamics relative to residential or retail; such investors appreciate Tagore Building's straightforward operational model and transparent income-generation mechanics. Diversifying high-net-worth individuals using industrial property as a real asset hedge against inflation and currency depreciation discover in Tagore Building a liquid, comprehensible investment vehicle backed by structural supply constraints and genuine tenant demand. First-time property investors entering real estate find light industrial preferable to retail or office due to simpler tenant relationships, more predictable occupancy patterns, and minimal involvement in complex landlord-tenant disputes; Tagore Building's functional specification and reasonable entry price support this first-investment positioning. Strategic buyers can also acquire at Tagore Building for operational consolidation or relocation purposes, converting the property into a productive business asset aligned with corporate cash-flow objectives.

What TDSR and financing headroom can a buyer typically expect when financing a Tagore Building purchase at the quoted price point?

A purchase price of S$1.85 million for Tagore Building typically supports loan-to-value (LTV) ratios of 60% to 70% from financial institutions recognising industrial property as prudent security; this translates to loan amounts of approximately S$1.11 million to S$1.295 million, requiring buyer equity of S$555,000 to S$740,000. At prevailing interest rates of approximately 4.0% to 4.5%, a S$1.2 million loan over 25-year amortisation generates monthly debt service of roughly S$6,100 to S$6,500. Buyers must satisfy Total Debt Servicing Ratio (TDSR) requirements mandated by the Monetary Authority of Singapore, which caps total monthly debt obligations (inclusive of mortgage, car loans, credit facilities, and other liabilities) at 60% of gross monthly income. For a buyer with gross monthly income of S$15,000, maximum sustainable debt service is S$9,000, permitting approximately S$2,800 to S$3,000 monthly debt service headroom beyond the Tagore Building mortgage. Buyers carrying existing residential property debt or other liabilities must reduce these headroom calculations proportionately; a financial advisor should conduct detailed debt-servicing analysis incorporating individual income profile, existing obligations, and stress-test assumptions around interest-rate rises of 1.0% to 2.0% over the loan tenure.

How does Tagore Building compare in specification and pricing to nearby competing Grade-B1 industrial developments?

Tagore Building's Grade-B1 specification and S$1.85 million entry price position it within a competitive cluster of mid-market industrial facilities across Tagore Drive and adjoining zones such as Clementi Road, Tuas, and Jurong East. Competing developments typically offer similar functional warehouse layouts, basic utility infrastructure (water supply, toilets, loading facilities), and comparable per-square-foot pricing ranging from S$700 to S$950 depending on tenant-readiness, age, and specific utility features. Differentiation among competing facilities often hinges on non-structural factors: proximity to specific tenant clusters (e.g., pharmaceutical, food-processing, precision manufacturing), quality of loading/unloading facilities, expansion potential, and landlord responsiveness to tenant operational requirements. Tagore Building's established market presence and tenant continuity provide relative stability compared to newly completed competing facilities that may offer modern finishes but lack operational track records or established tenant networks. Buyers evaluating Tagore Building should conduct comparative visits to competing facilities, validate current comparative rental rates, and assess which development offers superior synergy with their intended occupancy or investment strategy; price differentiation of S$50,000 to S$150,000 between comparable units often reflects tenant-quality or operational-readiness factors rather than fundamental location or specification advantages.

Which unit stack or floor level at Tagore Building typically offers optimal value and operational efficiency?

Light industrial facilities like Tagore Building typically offer superior operational utility at ground or lower-level units due to streamlined loading and unloading access, minimal vertical transport costs, and easier equipment movement for tenants managing heavy goods or bulky inventory. Ground-floor units with direct external access or dedicated loading bays typically command slight rental premiums of 5% to 10% relative to upper floors, reflecting genuine operational advantages for logistics and warehousing tenants. However, upper-floor units at Tagore Building may offer modest pricing discounts of 3% to 8%, creating tactical value opportunities for buyers willing to accept slightly lower tenant appeal if seeking entry-level acquisition or portfolio diversification. Medium-floor units (typically second or third level in multi-storey facilities) often represent value midpoints, balancing moderate loading accessibility against reasonable tenant demand and rental resilience. Buyers should inspect specific unit configurations, evaluate actual loading facilities and vertical transport capacity, and validate whether their intended tenant profile prioritises ground-floor logistics access or can accommodate upper-level placement with corresponding cost savings. Property inspections should include operational walkthroughs with intended or comparable tenants to assess practical suitability and validate whether pricing differentials between floor levels reflect genuine market rental variations or represent negotiation opportunities.

What future supply pipeline and development activity is expected in Tagore Drive and surrounding industrial precincts over the next 3 to 5 years?

Singapore's industrial land base is progressively constrained by competing urbanisation demands, greenbelt preservation, and conversion of older industrial zones to mixed-use or residential development; this structural supply scarcity supports long-term capital appreciation and rental resilience for established facilities like Tagore Building. Future new industrial supply in Tagore Drive and adjoining precincts is likely limited, with most development activity concentrated in peripheral zones such as Tuas, Bukit Batok, and Jurong Innovation District, which offer larger land parcels and long-term master-planning alignment. However, buyers should monitor Government Land Sales (GLS) tenders and Urban Redevelopment Authority (URA) announcements regarding potential rezoning or estate renewal initiatives in the immediate Tagore Drive precinct; any significant new supply or permitted-use changes could influence longer-term tenant demand and rental dynamics. Conversely, restricted new supply often translates to gradual rental growth and capital appreciation for existing stock like Tagore Building as tenant demand presses against limited available space. Buyers should view Tagore Building acquisition within this scarcity-driven appreciation context and recognise that limited future competing supply typically supports stable long-term value trajectories for operationally sound industrial properties with established tenant networks.

Tagore Building — From S$1.9M