Ispace

Ispace is a leasehold (unknown, 30 yrs from 2012) industrial property completed in 2014. The development occupies a land area of 19,619 sqm and a Gross Floor Area of 21,552 sqm.

ISPACE is located along SOON LEE STREET in Jurong West, in District 22. It is accessible through the nearest MRTs including Pioneer EW28 and Boon Lay EW27. Other nearby amenities include: 3 Grocerie(s): CHD @ SOON LEE PTE. LTD., KADER HASNA MARICAN, NTUC FAIRPRICE CO-OPERATIVE LTD, and 2 Shopping Mall(s): Pioneer Mall, Jurong Point.

Based on transaction data in the last 12 months, the highest recorded transaction was S$ 368 psf in Jan 2015 for a 1,733 sqft unit for Factory (All Types). Its lowest recorded transaction was S$ 304 psf in Sep 2024 for a 2,174 sqft unit for Factory (All Types).

Buyers and tenants are attracted to District 22, which is comprised of Lakeside, Jurong, Boon Lay and Tuas. This district is densely populated with many industrial buildings, but it also has residential estates and landscaped parks. Jurong is Singapore’s industrial area, where its large working population is housed in a mix of old and new housing estates in Boon Lay, Taman Jurong and Hong Kah areas. Due to its rapid development, Jurong has recently been known as the second "Orchard Road" of Singapore, with four shopping malls within walking distance from Jurong East MRT Station. Jurong is also home to the International Business Park, widely labelled as Singapore's second Central Business District. Some present landmarks here are Science Centre Singapore and IMM Shopping Mall. Boon Lay is home to many factories and some old factories are under plans for redevelopment for transformation to modern high-density factories. Tuas is an area completely dedicated to heavy industries where heavy machineries and equipment is manufactured, as well as the production of chemicals and electronics.

With a land area of 25,500ha, the West Region is the largest of the five regions in Singapore. Jurong East is the regional centre of the region, while Jurong West is the most populous town in the region. A large number of Singapore's heavy industry companies are concentrated in the West Region. These are mainly petrochemical companies, comprising of international players such as BP, ExxonMobil, DuPont, Mitsui Chemicals and Shell. The West Region is also at the forefront of the government's industrial development efforts. The government plans to develop the Jurong Lake District and Jurong Innovation District into the second Central Business District (CBD) area in Singapore. Additionally, the Tuas Mega Port, upon completion in the 2040s, is anticipated to be the world's single largest container port with an annual capacity of 65 million TEUs.