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.

5 Perks Science Park Office Rental at Ascent

For Rent Business Parks

Ascent (Next to MRT)

S$7.50 psf Negotiable

Overview

1,000 - 15,000 sqft
Unit Size

S$7.50 psf Nego
Price psf

Kent Ridge
Nearest MRT

Business Park
Land Zoning

Description

Science Park Office rental at Ascent – Key Highlights :

Located within Science Park 1
Typical office unit sizes : 1,000 – 15,000 sqft (subject to availability)
Ceiling Height : 3 m (raised floor to false ceiling)
Floor Loading : 5 – 10 kN/m2
Rare Ground floor units available
Column free interior
F&B and retail shops within the building
BCA Green Mark Platinum Award
Excellent corporate image with iconic architecture and grand lobby
All office unit is fitted with false ceiling, lighting, centralised aircon, and option of raised flooring
Flexible workspace and serviced office options are available at Bridge+ offering shared amenities

Qualifying trade : IT, Media, Product design & development, Engineering R&D, Telecommunications R&D

Amenities at Science Park 1:

Cafe and restaurants at door-step
2 minute walk to F&B, and retail shops at Geneo and One@KentRidge
Retail shops and supermarket at One@KentRidge
Seminar rooms and auditoriums and fitness centre with a swimming pool at Oasis
250 units of serviced apartments and facilities under Citadines Science Park Singapore at 7 Science Park Drive (Geneo)

Accessibility :

2-minutes walk to Kent Ridge MRT
Opposite National University Hospital (NUH)
Walking distance to National University of Singapore (NUS)
15-minutes drive to Central Business Disctrict (CBD)
35-minutes drive to Changi Airport
Shuttle bus connecting Science Park I, II, NUS and Kent Ridge MRT available

Property Overview

Ascent @ Science Park 1 is located just opposite Kent Ridge MRT and NUH (approximately 2 minutes walk). It is situated at the entrance of Science Park I and is also walking distance from NUS, making the location preferred among companies that have plenty of collaboration with the two institutions. The building has a premium wide frontage facing Science Park Drive specifically designed for company dealing with IT-related trade such as software/hardware development, quick start-up units for dry-based R&D companies, etc.

Ascent is an iconic development with lush landscaping throughout the ground and super high ceiling lobby. The building also includes eco-friendly features, such as energy-efficient designs, that helped it earn the Green Mark Platinum award for sustainability.

Science Park office rental at Ascent typically starts from 1000 sq ft to large contiguous floor plates of up to 15,000 sqft (subject to availability). All of the business space comes with false ceilings, lighting, central air-conditioning (Monday -Friday 8 am – 6 pm except public holiday), and option of raised flooring. The building includes 40,000 square meters of business park space, along with 4,000 square meters dedicated to retail, food, and beverage options, creating a balanced workspace environment.

There is also a co-working space provider, Bridge+, that offers co-working spaces and serviced office at ground floor. This flexi/ fixed desks will help the need of companies that need to expand their workforce temporarily on project basis.

Below are Science Parks buildings with office and lab space for rent :
• Science Park I : Geneo, Ascent, Cintech I, Cintech II, Cintech III, Cintech IV, The Rutherford, The Cavendish, The Chadwick, The Curie
• Science Park II : The Alpha, The Aries, The Capricorn, The Gemini, Teletech Park, The Galen, The Kendall

FAQ – Science Park Office Rental at Ascent

How much does Science Park office rental at Ascent cost?

The asking price for office for rent at Ascent is S$7.50 psf (Subject to GST) Negotiable. Hence for a unit of 1,000 sqft size, the asking rental is S$7,500/mth (subject to GST) nego. Please note that rental is inclusive of service charges and centralised aircon charges (Monday to Friday 8 am – 6 pm, Saturday 8 am to 1 pm excluding public holidays).

What are the typical sizes of office for rent at Ascent?

Ascent has compact unit office for rent that ranges from 1,000 to 15,000 sqft with most of the units available now falls under 3,000 sqft. There are a few units that are smaller than 1,000 sqft as well but not many. Please contact us to check availability of Science Park office rental at Ascent or other buildings.

How is the condition of Science Park office rental at Ascent?

Office unit at Ascent comes fitted with false ceiling, lighting, centralised aircon, floor traps for wet pantry connection, and contactless smart card system at turnstiles. The unit layout are modular and mostly column free that allows an efficient planning.

Which are the companies that has office based in Ascent?

Companies that are based in Ascent includes :
– Dyson Singapore Pte Ltd
– Johnson & Johnson Pte Ltd
– Merck Life Science Testing Services Pte Ltd
– Jiuzhou Pharmaceutical (Singapore) Pte Ltd
– Prestige Biopharma Limited

Is there any qualifying trades for companies to be based in Ascent?

Yes because Ascent is classified under Business Park zoning. Urban Redevelopment Authority (URA) specifies that only certain qualifying trades engaged in high-technology, research and development, high value-added and knowledge intensive activities are allowed to be based in Business Parks. Read more about URA Guidelines on Business Park Usage Here.

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.