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.

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.

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

The rental rates at 31 International Business Park is around S$4.60 psf (subject to GST) negotiable. For example, a unit size of 1,000 sq ft will command an asking rental from S$4,600 per month. Generally the smaller unit will have a stickier pricing (less negotiable compared to the large unit, say above 5,000 sq ft). 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 International Business Park Rental Rates Guide HERE.

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.

Happy Fish Swim School ESR Bizpark Chai Chee

Featured For Rent

ESR Bizpark @ Chai Chee

S$3.80 - 4.00 psf

Overview

3,000 - 30,000
Unit Size

$3.80 - 4.00 psf Nego
Price psf

Bedok
Nearest MRT

Business Park
Land Zoning

Description

ESR Bizpark @ Chai Chee For Rent – Key Highlights:

Classified under Business Park zoning
Typical unit sizes : 3,000 / 5,000 / 7,000 / 10,000 – 30,000 sqft (subject to availability)
Ceiling Height (floor to false ceiling): 2.9 – 3.1 m (Level 1 up to 4.2 m)
Floor Loading : 7.5 – 12.5 kN/m2
JTC sublet fee applies for non-anchor tenant

Qualifying trade (URA Guidelines) : High tech manufacturing, product design/development, computer centre, data processing, industrial training, e-business, core media activities, and IT / ICT related activities.

Amenities at ESR BizPark @ Chai Chee
• Food court
• Restaurants and fast food chain (Burger King)
• Retail shops e.g. Decathlon, Harvey Norman Factory Outlet
• Learning centers e.g. Berry World Learning School, Auto Gymnastics Center and Dance School, Happy Fish Swim School

Transport Accessibility :
• 2 bus stops away to Bedok MRT
• 15 minute drive to Changi airport
• 20 minute drive to Central Business District (CBD)
• Free shuttle bus to Pasir Ris, Tampines and Bedok MRT available

FAQ – About ESR Bizpark @ Chai Chee For Rent

How much is the asking rental rates at ESR Bizpark Chai Chee?

The rental rates at ESR Bizpark Chai Chee is around S$3.80 – 4.00 psf negotiable. For example, a unit size of 2,000 sq ft will command an asking rental from S$6,600 per month (subject to GST). Please note that asking rental rates includes service fee.

What are the unit sizes available at ESR Bizpark @ Chai Chee for rent?

There are different sizes available at ESR Bizpark @ Chai Chee for rent spread accross 6 blocks.
Block 750 : Size From 3,000 – 30,000 sq ft
Block 750A : Size From 600 – 10,000 sq ft
Block 750B : Size From 3,000 – 10,000 sq ft
Block 750C : Size From 700 – 3,000 sq ft
Block 750D &750E : Size From 5,000 – 30,000 sq ft

Block 750A is a mixed site of retail and business park component. This block houses a prominent retail shop such as Decathlon, Burger King, Happy Fish Swim School. Block 750B at ESR Business Park @ Chai Chee has a retail component shop on ground floor, which currently houses Harvey Norman Factory Outlet. .

How is the unit condition at ESR Bizpark @ Chai Chee for rent?

Most of the units at ESR Bizpark @ Chai Chee for rent at Block 750 / 750A / 750B are fitted with false ceilings, lighting and VRV split air conditioner. Where as units located at Block 750D and 750E are in bare shell condition and tend to be large unit from 5,000 – 28,000 sq ft. These 2 blocks come with 4 loading bays and 4 cargo lifts suitable for warehousing and logistics operation.

Is there any qualifying trades for companies to be based in ESR Bizpark @ Chai Chee?

Yes, there are as ESR Bizpark @ Chai Chee is located under Business Park zoning by Urban Redevelopment Authority (URA). Under Business Park zoning, the land usage that is permissible includes high tech manufacturing, product design/development, computer centre, data processing, industrial training, internet builders, e-business, core media activities, and IT & Infocom Technology related activities.

Is there a free shuttle bus from ESR Bizpark @ Chai Chee to MRT?

Yes, there is a free shuttle bus to Bedok, Tampines and Pasir Ris MRT station on daily basis (including public holiday). Pick up point is from Block 750 Retail Mall (in-front-of Decathlon).
The shuttle bus schedule departing to Pasir Ris MRT is at the following timing : 10.30 am / 11.30 / 12.30 pm / 4.30 pm / 5.30 pm / 6.30 pm / 7.30 pm.
While shuttle bus departing to Bedok and Tampines MRT are at : 9.40 am / 11 am / 12.20 pm / 1.40 pm / 4.40 pm / 6 pm / 7.20 pm / 8.40 pm / 9pm

Who are the tenants in ESR Bizpark @ Chai Chee?

Some of the tenants based in ESR Bizpark @ Chai Chee are:
– Toshiba Global Commerce Solutions (Supplier of premier POS products & services)
– Astrata Group Holding Pte Ltd (Premium Telematics solution provider)
– Lap Laser Applications Asia Pacific Pte Ltd (Distributor of professional equipment such as lab equipment, drafting and scientific instruments)
– NetLink Trust (Singapore’s Nationwide Broadband Network)
– 1-NET Singapore (Data Centre)

Does URA 60:40 Usage Rule applies to business space at ESR Bizpark @ Chai Chee for rent?

Yes because ESR Bizpark @ Chai Chee falls under Business Park zoning. URA 60: Rule applies to both industrial building and business parks. 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. Read more about URA 60:40 Utilisation Rule HERE.

Is JTC approval required to lease business space at ESR Bizpark @ Chai Chee?

Yes because JTC owns the land where ESR Bizpark @ Chai Chee. Please note that JTC anchor tenant approval for units above 1,000 sqm (11,000 sq ft) is required. JTC sublet fee will not be required to be paid by anchor tenant. Only non-anchor tenant is required to pay JTC sublet fee in addition to asking rental.

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

Call us for Free consultation to discuss your space requirements.