How big is the space I need in looking for office for rent at International Business Park?

As general rule of thumb, a standard office space planning will require about 100 - 130 sq ft per person with a 10% buffer to err on the side of caution. The size required is also dependent upon whether the work area per person is going to be compact or spacious with wide distance between each other, and whether there are common spaces such as pantry, chill-out area, meeting rooms, conference room, product demo area, reception etc. It is also good to budget additional 10% of extra space (if budget allows) for future expansion of staff in near term e.g. within 1 year time.

How is the unit condition of 31 International Business Park for rent?

International Business Park office for rent are mostly fitted with false ceilings, lighting and centralised air conditioner. These office units are suitable for companies in knowledge-intensive industries who do not require wet lab presence in their activities.

Is there any rent-free fitting-up period granted when renting a business space at 31 International Business Park?

Yes, there will be rent-free fitting-up period granted. The duration of this rent-free period depends of the size, condition of the space and the effective rental rate over lease duration. Although typically it is 1 month period, prospective tenant may discuss with the landlord for a slightly longer time if there is a sizeable renovation required for large unit or foreseeable construction delay due to manpower shortage. Add Image

How long is the typical lease term at 31 International Business Park?

Typically the lease term is a minimum of 3 years with an option to renew. The lease term can also be longer than 3 years but normally will comes with an escalation of rental rates clause.

For Rent Business Parks

31 International Business Park (a.k.a Creative Building)

Q: What are the typical size of business space for rent at 31 International Business Park (a.k.a Creative building @ IBP)?

The typical unit sizes for rent at 31 International Business Park (IBP) ranges from 2,000 – 12,000 sqft (The largest typical floor plate is approximately 47,000 sq ft at 31 IBP. Smaller units under 2,000 sq ft can be found at Nordic European Centre, The Strategy @ IBP and The Synergy @ IBP. Other International Business Park office for rent typically starts from 2,000 sq ft upward in other buildings.

S$3.90 - 4.20 psf Negotiable

Overview

1,000 - 50,000
Unit Size

S$3.90 - 4.20 psf
Price psf

Jurong East
Nearest MRT

Business Park
Land Zoning

Description

Business space at 31 International Business Park for rent – Key Highlights:
• Typical unit sizes : 2,000/ 3,000/ 5,000/ 7,000 / 12,000 – 47,000 sqft (subject to availability)
• Unit comes fitted with false ceiling, lighting, and centralised aircon
• Ceiling Height (floor to slab softfit): 4m
• Floor Loading : 4 – 7.5kN/m2
• Aircon system: Centralised chilled water system
• Power supply : 60 Watts or 0.14 Amps per sqm of lettable area
• BCA Green Mark Gold Plus Award
• Qualifying trade applies (see below)

Qualifying trade for 31 International Business Park (IBP) :
• High tech manufacturing
• Product design/development
• Research and development
• Computer centre
• Data processing
• Industrial training
• IT / ICT related activities

Amenities :
• Food court, clinic, and childcare center
• Nearby shopping malls e.g JEM, Westgate, IMM, Perennial Business City

Transport Accessibility :
• 12 minute walk to Jurong East MRT
• 5-minute drive from Ayer Rajah Expressway (AYE) and Jurong MRT station
• 20 minute drive to Central Business District (CBD)
• 30-minute drive to Singapore Changi Airport via Ayer Rajah Expressway (AYE)
• JTC shuttle bus services to Jurong East MRT available
• Capitaland shuttle bus service to IMM provided

FAQ – About 31 International Business Park For Rent

How much is the asking rental rates at 31 International Business Park?

The rental rates at 31 International Business Park is around S$3.90 psf (subject to GST) negotiable. The ground floor unit is slightly more expensive at S$4.20 psf. For example, a unit size of 1,000 sqft on upper floor will command an asking rental from S$4,600 per month. The asking rental rates includes service charge and aircon during office hours. Do note that for fitted unit, sometimes there might be a takeover fee requested by the existing tenant, although the amount can be negotiated.

Please refer to comprehensive International Business Park Rental Rates Guide HERE.

What are the sizes of business office for rent at 31 International Business Park (a.k.a Creative building @ IBP)?

The typical unit sizes at 31 International Business Park for rent ranges from 2,000 – 12,000 sqft (The largest typical floor plate is approximately 47,000 sq ft at 31 IBP. Smaller units under 2,000 sq ft can be found at Nordic European Centre, The Strategy @ IBP and The Synergy @ IBP. Other International Business Park office for rent typically starts from 2,000 sq ft onward.

Is pre-termination of lease before expiry allowed for tenancy in 31 International Business Park?

No. Pre-termination of lease is not allowed by the landlord of 31 International Business Park. However, tenant can approach the landlord for assistance in looking for a replacement tenant if there is an unexpected change in business plan that requires down-sizing, relocation or closure of business space. Please note that the rental is payable until a tenant replacement is found and commence their lease.

Who is the anchor tenant in 31 International Business Park?

The anchor tenant at 31 IBP is Creative Technology Ltd, a Singaporean multinational company leading in digital entertainment products.

Is there any qualifying trades for companies to be based in 31 International Business Park?

Yes, there are. As 31 International Business Park falls under Business Park zoning, it has regulatory requirements set by The Urban Redevelopment Authority of Singapore (“URA”), which are intended for businesses involved in high-technology, research and development (R&D), high-value-added, and knowledge-intensive activities.

31 International Business Park for rent is suitable for IT-related trade, software development, data processing, industrial training, and E-business.

Does URA 60:40 Usage Rule applies to 31 International Business Park?

Yes because 31 IBP falls into Business Park zoning. Under this rule, at least 60% of a building’s gross floor area (GFA) must be allocated to predominant function such as production or research-related activities, while up to 40% can be used for ancillary functions that directly support these operations.

URA 60:40 usage rule applies to business parks and B1 / B2 industrial buildings in Singapore. This is to prevent misuse of industrial spaces while fostering high-value activities in business parks. Proper understanding and compliance with the rule are vital for businesses to thrive within Singapore’s industrial landscape.

Please read more about URA 60:40 rule Here.

These are the buildings at International Business Park for rent : The Strategy @ IBP, The Synergy @ IBP, 27 International Business Park, 31 International Business Park (a.k.a Creative building), ACER building, Nordic European Centre, Icon @ IBP, 1A International Business Park (a.k.a Tolaram). Units are subject to availability. 

We focused on:
• Business Parks (Business Space & Lab For Rent)
• Hi-Specs Industrial buildings (Business Space Leasing)
• B1/ B2 Industrial buildings (Ramp-up and Flatted Warehouse)
• Commercial Property For Rent (Office and Retail Space) 

Call us for Free consultation to discuss your space requirements. 