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SOLSTICE BUSINESS CENTER

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1. Unit Search  Usage: '20-07', '20-' for storey 20, '-07' for stack 07
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Project Information

Plot Ratio

2.2

Project Name

SOLSTICE BUSINESS CENTER

Street Name

NEW INDUSTRIAL ROAD

Property Type

Factory (All Types)

Tenure

Unknown

District / Planning Area

D19 / Hougang

Completion

2013

Indicative price range / Average*

Factory (All Types): S$ 745 - S$ 776 psf / S$ 762 psf

Indicative rental range / Average#

Factory (All Types): S$ 1.79 - S$ 2.29 psf pm / S$ 2.10 psf pm

Implied rental yield

Factory (All Types): 3.31%

Historical high

Factory (All Types): S$ 835 psf in Dec 2013 for a 1,378-sqft unit

Indicative average price from historical high

Factory (All Types): -8.7%

Historical low

Factory (All Types): S$ 490 psf in Dec 2010 for a 1,206-sqft unit

Note: *Based on transactions in the last 6 months. #Based on the street rental data in the last 6 months, may not be representative.

Location

Sales

Transactions in the past 6 months (up to 15 most recent)
See Appendix for the full history

Source: URA, https://www.squarefoot.com.sg
Contract
date
Address Type of
sale
Property type Unit area
(sqft)
Type of
area
Price
(S$ psf)
Price
(S$)
24 Jun 2019 23 New Industrial Road #08-07 Resale Factory (All Types) 1,550 Strata 766 1,188,000
27 Mar 2019 23 New Industrial Road #06-05 Resale Factory (All Types) 1,206 Strata 776 935,000
18 Mar 2019 23 New Industrial Road #03-09 Resale Factory (All Types) 1,410 Strata 745 1,050,000

Asking Prices

Note: Ranked by days in market.
Source: Public listings
  Listed Days in
market
Property
Type
Unit area
(sqft)
Asking Price
(S$)
Asking Price
(S$ psf)
Agent
Name
Agent
Mobile
  2 Nov 2017 654 Light Industrial 1,410 1,060,000 752 BRENDON KUAY 82228007
  2 Nov 2017 654 Light Industrial 1,206 980,000 813 Shawn Thayalan 97932857
  26 Oct 2017 661 Light Industrial 1,206 1,000,000 829 Jessie JK 54013293232120

Historical Transaction Prices (See in Tower View)

Source: URA, https://www.squarefoot.com.sg

Historical Monthly Price Range

Source: URA, https://www.squarefoot.com.sg

Profitable Transactions
Total 8

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, https://www.squarefoot.com.sg
Sold
on
Address Unit area
(sqft)
Sale price
(S$ psf)
Bought
on
Purchase price
(S$ psf)
Profit
(S$)
Holding period
(days)
Annualised
(%)
4 Apr 2016 23 New Industrial Road #04-08 1,572 750 30 Dec 2010 503 388,284 1,922 7.9
29 Oct 2015 23 New Industrial Road #07-01 1,518 750 27 Jan 2011 519 351,500 1,736 8.1
26 Feb 2015 23 New Industrial Road #04-02 1,378 710 30 Dec 2010 499 291,380 1,519 8.9
17 May 2014 23 New Industrial Road #03-04 1,206 829 22 Dec 2010 490 409,271 1,242 16.7
16 May 2014 23 New Industrial Road #07-05 1,206 815 11 Jan 2011 518 357,890 1,221 14.5
18 Mar 2014 23 New Industrial Road #07-04 1,206 829 11 Jan 2011 515 379,000 1,162 16.1
2 Dec 2013 23 New Industrial Road #06-02 1,378 835 10 Jan 2011 514 441,560 1,057 18.2
8 Mar 2012 23 New Industrial Road #03-08 1,572 700 23 Dec 2010 498 317,544 441 32.6

Unprofitable Transactions
Total 2

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing.
Source: URA, https://www.squarefoot.com.sg
Sold
on
Address Unit area
(sqft)
Sale price
(S$ psf)
Bought
on
Purchase price
(S$ psf)
Profit
(S$)
Holding period
(days)
Annualised
(%)
31 Mar 2016 23 New Industrial Road #02-08 1,593 637 8 Dec 2010 665 -44,191 1,940 -0.8
3 Jan 2014 23 New Industrial Road #08-09 1,410 514 11 Jan 2011 514 0 1,088 0.0

Rental

Historical rental along NEW INDUSTRIAL ROAD

Source: URA, https://www.squarefoot.com.sg

Month Type Lowest Rental
(S$ psf pm)
Rental 25th
(S$ psf pm)
Median Rental
(S$ psf pm)
Rental 75th
(S$ psf pm)
Highest Rental
(S$ psf pm)
Contracts
Jul 2019 Factory (All Types) 0.00 1.79 2.10 2.29 0.00 7
Jun 2019 Factory (All Types) 0.00 2.03 2.13 2.18 0.00 8
May 2019 Factory (All Types) 0.00 1.70 2.00 2.36 0.00 8
Apr 2019 Factory (All Types) 0.00 2.20 2.40 2.40 0.00 9
Jan 2019 Factory (All Types) 0.00 2.00 2.17 2.35 0.00 16
Dec 2018 Factory (All Types) 0.00 1.81 2.11 2.39 0.00 4
Nov 2018 Factory (All Types) 0.00 2.20 2.35 2.48 0.00 11
Jun 2018 Factory (All Types) 1.30 2.20 2.30 2.38 2.47 9
May 2018 Factory (All Types) 1.70 1.77 2.04 2.31 2.40 9
Apr 2018 Factory (All Types) 1.53 2.30 2.40 2.50 2.86 38
Mar 2018 Factory (All Types) 1.17 1.78 2.19 2.50 2.50 6
Feb 2018 Factory (All Types) 1.41 1.68 1.96 2.23 2.50 2
Jan 2018 Factory (All Types) 1.47 1.70 1.94 2.38 2.47 13
Dec 2017 Factory (All Types) 1.91 2.11 2.30 2.34 2.37 3
Nov 2017 Factory (All Types) 1.56 2.23 2.33 2.36 2.71 8
Oct 2017 Factory (All Types) 1.49 2.20 2.50 2.55 2.64 5
Sep 2017 Factory (All Types) 2.33 2.41 2.50 2.52 2.54 3
Aug 2017 Factory (All Types) 1.11 1.96 2.42 2.54 2.75 10
Jul 2017 Factory (All Types) 1.73 1.81 1.89 2.02 2.16 7
Jun 2017 Factory (All Types) 1.32 2.17 2.18 2.40 2.77 9
May 2017 Factory (All Types) 1.29 1.64 1.75 2.21 2.55 9
Apr 2017 Factory (All Types) 2.27 2.35 2.40 2.49 2.55 7
Mar 2017 Factory (All Types) 1.23 1.77 2.32 2.36 2.40 3
Feb 2017 Factory (All Types) 1.29 1.29 1.29 1.29 1.29 1

Nearby properties

Price and rental comparisons (Up to 50)

Note: Excludes properties with no transactions in the past 6 months. *Prices and rents are based on data in the past 6 months. Rents are based on street names and may not be representative of the subject property.
Source: https://www.squarefoot.com.sg
Marker Project Type Tenure Distance
(m)
Lowest
price*
(S$ psf)
Average
price*
(S$ psf)
Highest
price*
(S$ psf)
Rental
25th*
(S$ psf pm)
Median
Rental*
(S$ psf pm)
Rental
75th*
(S$ psf pm)
Rental yield
(%)
SOLSTICE BUSINESS CENTER Factory Unknown - 745 762 776 1.79 2.10 2.29 3.3
LHK 3 Factory Freehold 182 574 574 574 1.79 2.10 2.29 4.4

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

Status Street Name Location Land attributes Estimated Breakeven

Sold on 28 Jun 2011

Irving Place (Now known as The Commerze@Irving)

Site use Industrial B1
Tenure 60
Site area (sqm) 3,353.0
Site GFA (sqm) 11,735.5
Highest bid ($m) 43.4
Highest bid ($psf) 343.5
Number of bids 15
Land ($m) 43.4
Construction ($m) 18.9
Land Financing ($m) 3
Professional / Legal / Taxes ($m) 4.9
Marketing / Others ($m) 0.8
Est. Total Cost ($m) 71.1
Est. Breakeven ($psf ppr) 563

Sold on 13 Jul 2012

Tai Seng Link

Site use Industrial B2
Tenure 30
Site area (sqm) 4,336.0
Site GFA (sqm) 10,840.0
Highest bid ($m) 23.3
Highest bid ($psf) 199.7
Number of bids 4
Land ($m) 23.3
Construction ($m) 17.5
Land Financing ($m) 1.6
Professional / Legal / Taxes ($m) 3.5
Marketing / Others ($m) 0.6
Est. Total Cost ($m) 46.5
Est. Breakeven ($psf ppr) 398

Sold on 20 Dec 2013

Tai Seng Street

Site use Industrial B2
Tenure 30
Site area (sqm) 11,780.0
Site GFA (sqm) 41,230.0
Highest bid ($m) 120.1
Highest bid ($psf) 270.6
Number of bids 7
Land ($m) 120.1
Construction ($m) 66.6
Land Financing ($m) 8.4
Professional / Legal / Taxes ($m) 15.2
Marketing / Others ($m) 2.5
Est. Total Cost ($m) 212.8
Est. Breakeven ($psf ppr) 479

Appendix: All past transactions

Historical Transactions

Source: URA, https://www.squarefoot.com.sg

Contract
Date
Address Property
Type
Type of
sale
Unit area
(sqft)
Type of
area
Price
(S$ psf)
Price
(S$)
24 Jun 2019 23 New Industrial Road #08-07 Factory (All Types) Resale 1,550 Strata 766 1,188,000
27 Mar 2019 23 New Industrial Road #06-05 Factory (All Types) Resale 1,206 Strata 776 935,000
18 Mar 2019 23 New Industrial Road #03-09 Factory (All Types) Resale 1,410 Strata 745 1,050,000
3 Jan 2019 23 New Industrial Road #04-06 Factory (All Types) Resale 1,528 Strata 720 1,100,000
7 Dec 2018 23 New Industrial Road #04-07 Factory (All Types) Resale 1,550 Strata 710 1,100,000
20 Nov 2018 23 New Industrial Road #03-06 Factory (All Types) Resale 1,528 Strata 725 1,107,800
21 May 2018 23 NEW INDUSTRIAL ROAD #04-10 Factory (All Types) Resale 1,410 Strata - 1,040,000
15 Aug 2017 23 New Industrial Road #08-02 Factory (All Types) Resale 1,378 Strata 726 1,000,000
8 Nov 2016 23 New Industrial Road #04-09 Factory (All Types) Resale 1,410 Strata 747 1,053,975
19 Oct 2016 23 NEW INDUSTRIAL ROAD #07-10 Factory (All Types) Resale 1,410 Strata 631 890,000
4 Apr 2016 23 New Industrial Road #04-08 Factory (All Types) Resale 1,572 Strata 750 1,179,000
31 Mar 2016 23 New Industrial Road #02-08 Factory (All Types) Resale 1,593 Strata 637 1,015,154
29 Oct 2015 23 New Industrial Road #07-01 Factory (All Types) Resale 1,518 Strata 750 1,138,500
1 Sep 2015 23 New Industrial Road #04-01 Factory (All Types) Resale 1,518 Strata 700 1,062,600
26 Feb 2015 23 New Industrial Road #04-02 Factory (All Types) Resale 1,378 Strata 710 978,380
17 May 2014 23 New Industrial Road #03-04 Factory (All Types) Resale 1,206 Strata 829 1,000,000
16 May 2014 23 New Industrial Road #07-05 Factory (All Types) Resale 1,206 Strata 815 982,890
21 Apr 2014 23 New Industrial Road #07-03 Factory (All Types) Resale 1,518 Strata 712 1,080,000
18 Mar 2014 23 New Industrial Road #07-04 Factory (All Types) Resale 1,206 Strata 829 1,000,000
3 Jan 2014 23 New Industrial Road #08-09 Factory (All Types) Resale 1,410 Strata 514 725,000
2 Dec 2013 23 New Industrial Road #06-02 Factory (All Types) Resale 1,378 Strata 835 1,150,000
8 Mar 2012 23 New Industrial Road #03-08 Factory (All Types) New Sale 1,572 Strata 700 1,100,400
1 Feb 2011 23 NEW INDUSTRIAL ROAD #08-02 Factory (All Types) New Sale - Strata - 725,000
1 Feb 2011 23 NEW INDUSTRIAL ROAD #07-10 Factory (All Types) New Sale - Strata - 725,000
27 Jan 2011 23 New Industrial Road #07-01 Factory (All Types) New Sale 1,518 Strata 519 787,000
11 Jan 2011 23 New Industrial Road #08-09 Factory (All Types) New Sale 1,410 Strata 514 725,000
11 Jan 2011 23 NEW INDUSTRIAL ROAD #04-10 Factory (All Types) New Sale - Strata - 693,000
11 Jan 2011 23 NEW INDUSTRIAL ROAD #07-05 Factory (All Types) New Sale 1,206 Strata 518 625,000
11 Jan 2011 23 New Industrial Road #07-04 Factory (All Types) New Sale 1,206 Strata 515 621,000
10 Jan 2011 23 New Industrial Road #06-02 Factory (All Types) New Sale 1,378 Strata 514 708,440
30 Dec 2010 23 New Industrial Road #04-08 Factory (All Types) New Sale 1,572 Strata 503 790,716
30 Dec 2010 23 New Industrial Road #04-02 Factory (All Types) New Sale 1,378 Strata 499 687,000
23 Dec 2010 23 New Industrial Road #03-08 Factory (All Types) New Sale 1,572 Strata 498 782,856
22 Dec 2010 23 New Industrial Road #03-04 Factory (All Types) New Sale 1,206 Strata 490 590,729
22 Dec 2010 23 NEW INDUSTRIAL ROAD #04-09 Factory (All Types) New Sale - Strata - 690,900
8 Dec 2010 23 New Industrial Road #02-08 Factory (All Types) New Sale 1,593 Strata 665 1,059,345

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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