| Estimate Launch Date | Type | Site | Type | Tenure | Tenderer | Price |
| Q1 2027 | IGLS | Penjuru Road IGLS | B2 | 33 Years | Soilbuild | $87.4m |
| Q1 2027 | IGLS | 103 Pioneer Road IGLS | B2 | 33 Years | Hock Lian Seng | $88.19 |
| 2nd Half 2027 | IGLS | Sengkang West IGLS | B2 | 33 Years | Soildbuild | $156m |
| Q3 2027 | IGLS | Kaki Bukit Avenue 5 | B2 | 33 Years | Chiu Teng | $131.888m |
| Q3 2027 | IGLS | Tukang Innovation Drive Plot B | B2 | 33 Years | Fusion Property | $95.18m |
| IGLS | 30 Jalan Buroh | B2 | 33 Years | SoilBuild | $214.44m | |
| IGLS | 5 Tuas Avenue 13 | B2 | 33 Years | Soon Hock | $43.388m | |
| Enbloc | Former Fujifilm Building | B1 | Freehold | Prime Link Investment | $71m | |
| Enbloc | 680 Upper Thomson Road | B1 | Freehold | Macritchie Development (JV by Oxley, KSH, LHN and Soon Hock) | $351m | |
| Enbloc | Former Ching Shine Industrial Building | B2 | Freehold | Soon Hock | $113.2m |
Singapore industrial property market is in for another interesting year in 2027 with several new industrial developments likely to come onto the market. New IGLS sites awarded, existing industrial buildings acquired en bloc for redevelopment or freehold industrial properties with redevelopment potential.
These new developments could be a chance for business owners and investors looking for new industrial property in Singapore to purchase modern B1 & B2 factory units in some of the established industrial locations.
The industrial property pipeline for 2027 will include developments in Sengkang West, Penjuru Road, Pioneer Road, Kaki Bukit, Tukang Innovation Drive, Jalan Buroh and Tuas as well as several en bloc acquisitions in Macpherson, Tai Seng, Mandai and Upper Thomson.
In this article, we take a look at 14 potential industrial developments that could be part of Singapore’s new industrial property supply in 2027.
Understanding Singapore’s Industrial New Launch Market in 2027.
Before looking at the individual projects let us first understand the two sources of upcoming industrial property supply.
Industrial Government Land Sales (IGLS).
The Industrial Government Land Sales programme is run by JTC Corporation on behalf of the Singapore Government. Through this program industrial land parcels are released for development through public tenders — successful tenderers could be established industrial developers, property groups or individual companies but not every IGLS site will become a multi-user industrial development as some sites are awarded to individual companies for their own industrial use (the completed premises are intended for their business use). For our 2027 industrial new launch coverage we focus on IGLS sites with potential developer led multi user industrial projects (individual strata titled units) only.
Collective Sales
Apart from government land sales another source of new industrial property supply is the acquisition of existing industrial buildings (en bloc sales or collective sales). Developers can acquire older industrial buildings with the intent to redevelop them into newer industrial facilities (redevelopment opportunities are more interesting if the acquired properties have freehold tenure, large land areas or redevelopment potential).
An en bloc acquisition does not necessarily mean that the replacement development will offer strata-titled units. The final concept and sale structure of the replacement development must be confirmed.
Part A: IGLS Industrial Developments in 2027.
The following seven industrial sites were awarded under the Industrial Government Land Sales programme and form part of the B2 industrial development pipeline for 2027.
Sengkang West Way Industrial – B2
Sengkang West Industrial is a proposed B2 industrial development awarded to Soilbuild. It will be in the northeastern industrial area and the proposed project will be a large multi-user industrial facility for businesses who need modern factory premises. The site has an estimated land area of 249,688 sq ft and gross floor area (GFA) of 624,221 sq ft.
Based on expected development concept, it could have about 360 industrial units across 10 storeys. Soilbuild won the tender for the land at $156,114,008 ($250.09 psf ppr). The 360-unit development may provide various factory configurations for companies involved in manufacturing, engineering, storage, distribution and other approved industrial activities.
Located in Seletar West industrial area, businesses in northeastern part of Singapore may find the development attractive. Buyers will be looking out for further details on factory layouts, unit sizes, ceiling heights, loading facilities and electrical provisions.
Project Information
- Property Type: B2 Industrial
- Address: 20 Seletar West Road 3
- Land Area: 249,688 sq ft
- Total GFA: 624,221 sq ft
- Developer: Soilbuild
- Tender Price: $156,114,008
- Land Cost: $250.09 psf ppr
- Estimated Development: 360 units
- Building Configuration: 10 storeys
Penjuru Road at 42C Penjuru Road.
Penjuru Road IGLS is an upcoming B2 industrial development at 42C Penjuru Road awarded to Soilbuild (an established industrial property developer in Singapore). The site has a land area of about 224,460 sq ft and total permissible gross floor area of 561,151 sq ft. Soilbuild won the tender for $87,400,890 ($155.75 psf ppr) with a land cost of approximately $155.75 psf ppr.
About 335 factory units across nine storeys will be built in the proposed development which can have multi-user industrial configuration. Companies involved in manufacturing, engineering, logistics, warehousing and industrial support services could use it. Penjuru is an established industrial location in Singapore’s western region.
Businesses here have connectivity to the wider Jurong industrial estate as well as surrounding logistics and manufacturing facilities. For buyers looking for a new B2 industrial property, Penjuru Connection is one to monitor as it has proposed development size and factory unit supply.
Project Information
- Property type: B2 Industrial
- Address: 42C Penjuru Road
- Land area: 224,460 sq ft
- Total GFA: 561,151 sq ft
- Developer: Soilbuild
- Tender price: $87,400,890
- Land cost: $155.75 psf ppr
- Estimated development: 335 units
- Building configuration: 9 storeys
Tukang Innovation Drive Plot B – B2
Tukang Innovation Drive Plot B is another B2 industrial development to look out for in 2027. The successful tenderer is Fusion Land (a joint venture between Lian Beng, KSH, Ho Lee and SLB). The industrial site has an approximate land area of 201,525 sq ft and gross floor area of 503,814 sq ft. Successful tender price was $95,188,888 ($188.93 psf ppr) per sq ft ppr.
Located in Singapore’s western industrial region, the proposed development could cater to businesses looking for modern industrial facilities in Jurong and Tuas industrial corridor. It is relevant to a broad range of industrial activities (manufacturing, engineering, warehousing and supporting industrial services).
With a large development plot size Tukang Innovation Drive Plot B can add more B2 industrial space to the market. Building configuration, unit mix, factory specs and proposed sales arrangements will be key information for buyers to monitor.
Project Information
- Property Type: B2 Industrial
- Location: Tukang Innovation Drive Plot B
- Land Area: 201,525 sq ft
- Total GFA: 503,814 sq ft
- Developer: Fusion Land
- Joint Venture: Lian Beng, KSH, Ho Lee and SLB
- Tender Price: $95,188,888
- Land Cost: $188.93 psf ppr
Kaki Bukit Avenue 5 – B2 Industrial.
Kaki Bukit Avenue 5 is an upcoming B2 industrial development awarded to Chiu Teng. The site has a land area of approximately 165,733 sq ft and a total gross floor area of 414,333 sq ft. Chiu Teng won the tender for $131,888,880 (about $318.16 psf ppr) which translates to land cost. The proposed development will have about 237 industrial units over eight storeys.
Kaki Bukit is an established industrial location in Singapore’s eastern region surrounded by various industrial and business developments. Its wider industrial catchment is Ubi, Eunos and Bedok. Business owners who prefer to operate within eastern part of Singapore (engineering, manufacturing, distribution and industrial related services) may be attracted to this location. For buyers, unit sizes, internal layouts, loading arrangements and building specifications will be important.
Project Information
- Property Type: B2 Industrial
- Location: Kaki Bukit Avenue 5
- Land Area: 165,733 sq ft.
- Total GFA: 414,333 sq ft.
- Developer: Chiu Teng
- Tender Price: $131,888,880
- Land Cost: $318.16 psf ppr
- Estimated Development: 237 units
- Building Configuration: 8 storeys
Pioneer Road New Industrial @ Pioneer Road
Pioneer Road New Industrial is a large B2 industrial development awarded under the IGLS programme. The successful tenderer was Hock Lian Seng which won the site with a tender price of $88,190,020. The development site is about 302,020 sq ft and total gross floor area (GFA) is 755,051 sq ft so land cost is around $116.80 psf ppr.
It falls within Singapore’s western industrial corridor so additional factory space could be available for businesses in manufacturing, engineering, logistics and other industrial sectors. One of the attractions of wider Pioneer and Tuas industrial region is that it has an established industrial ecosystem and connectivity to major transportation routes.
Businesses operating there may also benefit from the ongoing development of Tuas industrial region and associated maritime and logistics infrastructure. With its sizeable GFA Pioneer Road New Industrial is one project worth watching if buyers are looking for new B2 industrial premises in western Singapore.
Project Information
- Property Type: B2 Industrial
- Location: Pioneer Road
- Land area: 302,020 sq ft.
- Total GFA: 755,051 sq ft.
- Developer: Hock Lian Seng
- Tender price: $88,190,020
- Land cost: $116.80 psf ppr
Jalan Buroh New Industrial @ Jalan Buroh
Jalan Buroh is another large B2 industrial land parcel awarded to Soilbuild.• The site has a land area of about 335,314 sq ft and gross floor area (GFA) of 838,286 sq ft.• Soilbuild won the tender at $214,440,119 per successful tender price ($255.80 psf ppr land cost).• Jalan Buroh is in western industrial region with established developments and business activities around it.
Relevant to companies doing manufacturing, logistics, engineering, warehousing etc industrial operations. • Given the large development area proposed for the project, there could be a lot of new B2 industrial space coming into market.• For industrial buyers the eventual development concept and unit configuration will be important in deciding if premises are suitable for different business operations.• Jalan Buroh will be one of the developments worth following as 2027 industrial launch pipeline takes shape.
Project Information
- Property Type: B2 Industrial
- Location: Jalan Buroh
- Land Area: 335,314 sq ft
- Total GFA: 838,286 sq ft.
- Developer: Soilbuild
- Tender Price: $214,440,119
- Land Cost: $255.80 psf ppr
- Launch date: 2027
5 Tuas Avenue 13 – B2 Industria
5 Tuas Avenue 13 is an industrial site awarded to Soon Hock. • The site has a land area of about 187,532 sq ft and total gross floor area (GFA) of 262,545 sq ft. Soon Hock won the tender at a tender price of $43,388,000 or land cost of about $165.25 psf ppr ($165.25 x 187,532 sq ft/262,545 sq ft).
Located in Tuas industrial district, this development could be targeted at businesses looking for industrial space in Singapore’s western manufacturing and logistics hub. Tuas is an important industrial area with lots of manufacturing facilities, logistics operators and supporting industrial businesses; long-term development is supported by the expansion of Tuas Port as well as Singapore’s wider industrial infrastructure.
Project Information
- Property Type: B2 Industrial
- Location: 5 Tuas Ave 13
- Land Area 187,532 sq ft
- GFA Total: 262,545 sq ft
- Developer Soon Hock
- Tender Price $43,388,000
- Land cost $165.25 psf ppr
Industrial Collective Sales
Besides new industrial land awarded through JTC’s IGLS programme Singapore’s industrial property market may also get additional supply from existing industrial buildings acquired for redevelopment. The following properties are redevelopment opportunities based on their respective acquisitions.
Kewalram House – B1 Industrial.
Kewalram House is an existing B1 industrial property at 8 Jalan Kilang Timor. • It has a land area of about 108,359 sq ft with maximum gross floor area (GFA) of 270,897 sq ft. The existing property has 99-year leasehold tenure commencing from 1961. Soon Hock won the property with a bid of $120.51M (land cost approx $444.85 psf ppr based on max GFA).
- Acquisition presents redevelopment opportunity in an established industrial location. Jalan Kilang Timor is in Bukit Merah industrial area and accessible to wider Alexandra and Pasir Panjang business district. For industrial buyers, how redevelopment concept will play out later is important (will it be multi-user industrial units available for individual purchase?).
Project Information
- Property Type: B1 Industrial
- Address: 8 Jalan Kilang Timor
- Tenure: 99 years from 1961
- Land Area: 108,359 sq ft.
- Max GFA: 270,897 sq ft.
- Developer: Soon Hock
- Winning Bid: $120,510,000
- Land Cost: $444.85 psf ppr
Ching Shine Industrial Building – B1 Industrial
Ching Shine Industrial Building is freehold industrial property at 20 Shaw Road. • It has land area of about 49,308 sq ft and maximum gross floor area of 123,270 sq ft. Soon Hock won the freehold property with a winning bid of $113,200k or an indicative land cost of about $824 psf ppr.
The acquisition is significant because freehold industrial sites are few and far between in Singapore especially in established industrial locations. Shaw Road falls within Macpherson industrial and commercial area which has access to business and industrial developments. Freehold tenure and location make this site one to watch for redevelopment.
Buyers should watch out for further announcements on the proposed building concept, industrial usage approval and whether individual strata-titled units will be sold separately.
Project Information
- Property Type: B1 Industrial.
- Address: 20 Shaw Road.
- Tenure: Freehold.
- Land Area: 49,308 sq ft.
- Maximum GFA: 123,270 sq ft.
- Developer: Soon Hock.
- Winning Bid: $113,200,000.
- Land Cost: $824 psf ppr.
680 Upper Thomson Road – B1 Industrial
680 Upper Thomson Road is a sizeable freehold redevelopment site acquired by Macritchie Development from Oxley (joint venture with KSH, LHN & Soon Hock). • Macritchie Development is an Oxley joint venture with KSH, LHN and Soon Hock. The site is about 263,902 sq ft in land area and has a maximum gross floor area of 527,804 sq ft.
Winning bid was $351 million ($665 psf ppr indicative land cost). Unlike many industrial redevelopment sites located within traditional industrial estates 680 Upper Thomson Road is on the Upper Thomson corridor. • Freehold tenure and large size make acquisition an interesting redevelopment opportunity.
Project Information
- Property Type: B1 Industrial
- Address: 680 Upper Thomson Road
- Tenure: Freehold
- Land Area: 263,902 sq ft.
- Maximum GFA: 527,804 sq ft.
- Developer: Macritchie Development
- Joint Venture: Oxley, KSH, LHN and Soon Hock
- Winning Bid: $351,000,000
- Land Cost: $665 psf ppr
Hwa Yew Industrial Building – B2 Industrial
Hwa Yew Industrial Building is a freehold B2 industrial property at 17 Mandai Estate with land area of approx 42,044 sq ft and maximum gross floor area (GFA) of 105,110 sq ft. Soilbuild bought it for $72 million ($685 psf ppr indicative land cost). This acquisition is another redevelopment opportunity in Singapore’s northern industrial region.
Mandai Estate is an established industrial area with manufacturing, engineering and supporting industrial businesses operating in the vicinity. For businesses looking for B2 industrial premises in northern region a new development here could be another option apart from the traditional industrial estates in western Singapore.
Project Information
Key Project Information Property Type: B2 Industrial Address: 17 Mandai Estate Tenure: Freehold Land Area: 42,044 sq ft Max GFA: 105,110 sq ft Developer: Soilbuild Winning Bid: $72,000,000 Land Cost: $685 psf ppr 12. Former Fujifilm Building – B1 Address: 10 New Industrial Road • The former Fujifilm Building is a freehold industrial property at 10 New Industrial Road. • Land area of the site is about 30,220 sq ft and maximum gross floor area is 75,550 sq ft.
Prime Link has acquired the property for $71m (indicative land cost of $943 psf ppr). • New Industrial Road is within Tai Seng and Macpherson industrial belt which is an established business location with industrial, commercial and supporting business activities. • Freehold tenure is one of the key features of the site (buyers/businesses wanting to own industrial premises in an established location). • Acquisition may pave way for new industrial development if approved redevelopment plans are in place. • Project concept, factory unit sizes and sales arrangements will determine whether site becomes part of Singapore’s new strata-titled industrial supply in 2027. Key Project Information Property Type: B1 Industrial Address: 10 New Industrial Road Tenure: Freehold • Land Area: 30,220 sq ft. • Maximum GFA: 75,550 sq ft. • Acquirer: Prime Link • Winning Bid: $71m • Land Cost:$943 psf ppr
