21 New Industrial Road
SPACE NOVA
21 New Industrial Road
TENURE
FREEHOLD
EXPECTED TOP
31 Dec 2028
NUM OF STOREYS
7
TOTAL UNITS
47
TENURE
FREEHOLD
EXPECTED TOP
31 Dec 2028
NUM OF STOREYS
7
TOTAL UNITS
47
ABOUT THE PROPERTY
A rare FREEHOLD B1 clean industrial development, with only 47 exclusive strata units.
Space Nova – A New Benchmark for Freehold Industrial Ownership Own a Freehold Industrial Asset in One of Singapore’s Most Connected Business Districts Position your business for long-term success at Space Nova, a premium freehold B1 industrial development strategically located at 21 New Industrial Road in the heart of the Tai Seng / Bartley business precinct (District 19). Designed for modern businesses, investors and owner-occupiers, Space Nova combines contemporary architecture, efficient layouts and excellent connectivity. Whether you are expanding your operations, establishing a corporate headquarters or securing a rare freehold industrial asset, Space Nova offers an opportunity that is becoming increasingly scarce in Singapore. The development features flexible unit configurations to accommodate a wide range of industries, including technology companies, e-commerce businesses, creative agencies, medical-related services, research and development, corporate offices and light manufacturing. High ceilings, efficient floor plates and quality specifications provide businesses with the flexibility to adapt and grow. Its strategic location places businesses within minutes of Tai Seng MRT and Bartley MRT, while major expressways including the PIE, KPE and CTE offer seamless connectivity across Singapore. The surrounding Tai Seng business hub is home to established industrial developments, commercial offices, retail amenities, banks, food centres and lifestyle conveniences, creating an ideal ecosystem for business operations. For investors, Space Nova represents an increasingly rare opportunity to own a freehold industrial property with long-term capital preservation potential. With Singapore’s limited supply of new freehold industrial developments and continued demand from SMEs, family offices and growing enterprises, freehold industrial assets continue to attract discerning buyers seeking stability beyond traditional leasehold properties. Whether you are purchasing for your own business or building a resilient investment portfolio, Space Nova delivers the perfect combination of location, connectivity, functionality and freehold tenure. Highlights * Freehold B1 Industrial Development * Prime Tai Seng / Bartley Business Hub * District 19 * Excellent Connectivity via PIE, KPE & CTE * Minutes to Tai Seng & Bartley MRT Stations * Flexible Layouts for Modern Businesses * Suitable for Owner-Occupiers and Investors * Rare Long-Term Freehold Industrial Asset * Close to Retail, Dining and Business Amenities Space Nova is where business growth meets long-term value—an exceptional opportunity to secure a premium industrial space in one of Singapore’s most established business precincts.
ABOUT THE PROPERTY
A rare FREEHOLD B1 clean industrial development, with only 47 exclusive strata units.
Space Nova – A New Benchmark for Freehold Industrial Ownership Own a Freehold Industrial Asset in One of Singapore’s Most Connected Business Districts Position your business for long-term success at Space Nova, a premium freehold B1 industrial development strategically located at 21 New Industrial Road in the heart of the Tai Seng / Bartley business precinct (District 19). Designed for modern businesses, investors and owner-occupiers, Space Nova combines contemporary architecture, efficient layouts and excellent connectivity. Whether you are expanding your operations, establishing a corporate headquarters or securing a rare freehold industrial asset, Space Nova offers an opportunity that is becoming increasingly scarce in Singapore. The development features flexible unit configurations to accommodate a wide range of industries, including technology companies, e-commerce businesses, creative agencies, medical-related services, research and development, corporate offices and light manufacturing. High ceilings, efficient floor plates and quality specifications provide businesses with the flexibility to adapt and grow. Its strategic location places businesses within minutes of Tai Seng MRT and Bartley MRT, while major expressways including the PIE, KPE and CTE offer seamless connectivity across Singapore. The surrounding Tai Seng business hub is home to established industrial developments, commercial offices, retail amenities, banks, food centres and lifestyle conveniences, creating an ideal ecosystem for business operations. For investors, Space Nova represents an increasingly rare opportunity to own a freehold industrial property with long-term capital preservation potential. With Singapore’s limited supply of new freehold industrial developments and continued demand from SMEs, family offices and growing enterprises, freehold industrial assets continue to attract discerning buyers seeking stability beyond traditional leasehold properties. Whether you are purchasing for your own business or building a resilient investment portfolio, Space Nova delivers the perfect combination of location, connectivity, functionality and freehold tenure. Highlights * Freehold B1 Industrial Development * Prime Tai Seng / Bartley Business Hub * District 19 * Excellent Connectivity via PIE, KPE & CTE * Minutes to Tai Seng & Bartley MRT Stations * Flexible Layouts for Modern Businesses * Suitable for Owner-Occupiers and Investors * Rare Long-Term Freehold Industrial Asset * Close to Retail, Dining and Business Amenities Space Nova is where business growth meets long-term value—an exceptional opportunity to secure a premium industrial space in one of Singapore’s most established business precincts.
PROJECT INFORMATION
DEVELOPER
JVA NIR PTE LTD
PROJECT NAME
SPACE NOVA
LAND TENURE
FREEHOLD
LOCATION
21 New Industrial Road
EXPECTED TOP
31 Dec 2028
EXPECTED VACANT POSSESSION
30 Jun 2029
EXPECTED LEGAL COMPLETION
31 Dec 2031
BUILDING SPECS
Stories
7
Total Units
47
Carpark Lots
23
Ramp Up
Yes, up to level 3
Floor to Floor Ht (M)
Level 1 - 6.5m | Level 2 to 7 - 6.3m
Live Load (kN/m2)
7.5kN/m2
Electrical Power (Amp)
60A/100A 3 Phase
BUILDING SPECS
PASSENGER LIFTS
2
SERVICE LIFTS
1
PROVISION FOR EV LOTS
4 EV lots
No. of canteens
3
SPECIAL UNITS
SITE AREA
36,257 Sq.Ft.
MAX GFA
TBC
ABOUT THE AREA
ABOUT THE AREA
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FAQ
Answers to the questions
we hear most
We’re here to make your property journey simple and clear. If you don’t see what you’re looking for, don’t hesitate to reach out, we’re happy to provide guidance and personalized advice.
Is there ABSD (Additional Buyer's Stamp Duty) for industrial property?
No. Unlike residential real estate, pure industrial properties in Singapore do not attract any Additional Buyer’s Stamp Duty (ABSD)—regardless of your nationality or how many properties you currently own. You are only required to pay the standard Buyer's Stamp Duty (BSD) alongside a 9% GST. If your purchasing company is GST-registered, that 9% can be claimed back as an input tax credit, making it entirely cost-neutral. When you compare this to the residential market—where Singaporeans pay 20% ABSD on a second home and foreigners face a massive 60% tax—the zero-ABSD nature of industrial space makes it a highly capital-efficient asset.
What is Seller's Stamp Duty (SSD) for industrial property?
A: Yes, but only if you sell the property within the first three years of purchasing it. This policy is in place to discourage short-term speculative "flipping." The SSD rates are calculated based on the sale price or market valuation (whichever is higher): • Sold within Year 1: 15% • Sold within Year 2: 10% • Sold within Year 3: 5% • Sold after Year 3: 0% (No SSD payable) If you are buying a new launch to house your SME operations or holding it as a medium-to-long-term investment, you will be completely unaffected by this tax once the three-year window passes.
What is a ramp-up industrial building?
A ramp-up industrial building features wide, structural ramps that allow vans, lorries, and commercial vehicles to drive directly to units on upper floors. This completely eliminates the daily bottleneck of waiting for shared cargo lifts. By allowing you to load and unload right at your doorstep, turnaround times are drastically cut. Because of this massive operational advantage, ramp-up units command high demand from logistics firms, e-commerce operators, and light manufacturers.
What is the difference between B1 and B2 industrial property?
The main difference comes down to the type of industrial activity each zoning permits and the environmental buffer required between the property and its surroundings. B1 industrial is designated for clean and light industrial use — businesses that generate minimal pollution, noise, or nuisance. Think light manufacturing, electronics assembly, R&D, printing and publishing, and similar trades. Because their environmental impact is low, B1 properties require a smaller buffer (under 50m) from residential areas and are often located close to, or even alongside, housing. B2 industrial is designated for general and heavy industrial use — activities with a higher environmental impact such as heavy manufacturing, vehicle servicing, chemical processing, and biotech operations. These require a larger nuisance buffer (50m or more) and are typically sited further away from residential zones. Both B1 and B2 are subject to URA's 60:40 rule: at least 60% of gross floor area must be used for core industrial activities (manufacturing, warehousing, or R&D), while up to 40% may be used for ancillary purposes like offices, showrooms, or staff amenities. In short: if your business involves clean, light operations, a B1 property is suitable and offers more convenient locations. If you run heavier industrial processes, you'll need a B2 property — which also permits the full range of B1 uses.
Can foreigners buy industrial property in Singapore?
Yes. Foreigners can freely purchase industrial property in Singapore, including both B1 (light industrial) and B2 (general/heavy industrial) units. Unlike residential property, industrial and commercial property is not restricted under the Residential Property Act, so there is no need to seek government approval based on nationality. There are two practical advantages that make industrial property especially attractive to foreign buyers. First, no Additional Buyer's Stamp Duty (ABSD) applies — ABSD is charged only on residential purchases, where foreigners currently face a 60% rate. Second, ownership rules are more open, with no citizenship or residency requirement to hold an industrial unit. A few points to keep in mind. Many industrial properties, particularly those on JTC-leased land, carry eligibility conditions that can favour Singapore-incorporated companies or require the buyer to operate a qualifying business, so the purchasing entity often matters more than the individual's nationality. You should also confirm the property's zoning, as developments classified as "commercial and residential" are treated as residential under the Residential Property Act and would then carry the associated foreign-ownership restrictions and ABSD. In short: foreigners can buy industrial property in Singapore with no nationality-based restriction and no ABSD — but it's worth checking the specific tenure, zoning, and any JTC conditions tied to the unit before committing.
FAQ
Answers to
the questions
we hear most
We’re here to make your property journey simple and clear. If you don’t see what you’re looking for, don’t hesitate to reach out, we’re happy to provide guidance and personalized advice.
Is there ABSD (Additional Buyer's Stamp Duty) for new launches industrial property?
No. Unlike residential real estate, pure industrial properties in Singapore do not attract any Additional Buyer’s Stamp Duty (ABSD)—regardless of your nationality or how many properties you currently own. You are only required to pay the standard Buyer's Stamp Duty (BSD) alongside a 9% GST. If your purchasing company is GST-registered, that 9% can be claimed back as an input tax credit, making it entirely cost-neutral. When you compare this to the residential market—where Singaporeans pay 20% ABSD on a second home and foreigners face a massive 60% tax—the zero-ABSD nature of industrial space makes it a highly capital-efficient asset.
What is Seller's Stamp Duty (SSD) for industrial property?
A: Yes, but only if you sell the property within the first three years of purchasing it. This policy is in place to discourage short-term speculative "flipping." The SSD rates are calculated based on the sale price or market valuation (whichever is higher): • Sold within Year 1: 15% • Sold within Year 2: 10% • Sold within Year 3: 5% • Sold after Year 3: 0% (No SSD payable) If you are buying a new launch to house your SME operations or holding it as a medium-to-long-term investment, you will be completely unaffected by this tax once the three-year window passes.
What is a ramp-up industrial building?
A ramp-up industrial building features wide, structural ramps that allow vans, lorries, and commercial vehicles to drive directly to units on upper floors. This completely eliminates the daily bottleneck of waiting for shared cargo lifts. By allowing you to load and unload right at your doorstep, turnaround times are drastically cut. Because of this massive operational advantage, ramp-up units command high demand from logistics firms, e-commerce operators, and light manufacturers.
What are the differences between B1 and B2 industrial classification?
The Urban Redevelopment Authority (URA) classifies industrial spaces based on the environmental impact of the business operations. • B1 (Light Industrial): Designed for clean, low-impact operations like e-commerce, IT, R&D, media, and light manufacturing. Because they generate minimal noise or emissions (requiring a nuisance buffer of 50m or less), B1 properties are often located in highly accessible city-fringe areas. • B2 (Heavy Industrial): Reserved for heavier operations like automotive workshops, metal fabrication, and heavy manufacturing. These activities generate noise, vibration, or emissions, requiring a strict buffer of more than 50m from residential zones.
Is buying an industrial property better than renting?
Why Acquire Private Industrial Space? • Build Equity, Not Rent: Turn your monthly operational costs into a permanent asset with capital appreciation potential. • Total Operational Control: Enjoy permanent security of tenure. Customize your facility without landlord restrictions. • Subletting Potential: Generate secondary revenue by renting out any surplus space. • The Investor’s Edge: Secure high-yield, often freehold assets with zero Additional Buyer’s Stamp Duty (ABSD). • Need-to-Know Mechanics: Commercial purchases require cash and bank financing (no CPF allowed). Buyers must also account for upfront GST and a 3-year holding period to avoid Seller's Stamp Duty (SSD).
Your journey
starts here
Shortlisted this project? Contact us to get more insights!
Your journey
starts here
Shortlisted this project? Contact us to get more insights!