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Braddell House Review

Braddell House Review
Industrial & Business Space Review — District 12

Braddell House

A 1980s B1 light-industrial block opposite Braddell MRT, now a strata-titled base for SMEs, back offices and light-industrial users.

SGCPI Research Desk Updated August 2026 1 Lorong 2 Toa Payoh, Singapore 319637 ≈60-YR LEASEHOLD FROM ≈1983

Street-level view of Braddell House, 1 Lorong 2 Toa Payoh. Imagery: Google Street View (user-contributed imagery), accessed August 2026.

Project Overview

Building NameBraddell House (formerly Yellow Pages Building)
Address1 Lorong 2 Toa Payoh, Singapore 319637
DistrictDistrict 12 (Balestier / Toa Payoh)
Tenure≈60-year leasehold from ≈1983
Zoning / UseB1 Light Industrial / Business Park use
Built FormSingle 10-storey B1 building, efficient floor-plate design
Land Area / GFA≈17,000 sq ft land / ≈170,000 sq ft GFA
Completion Year1985
Nearest MRTBraddell (NS18), Toa Payoh (NS19), Caldecott (CC17)
Key Road AccessCentral Expressway (CTE), Pan-Island Expressway (PIE)
Transacted PSF Range≈S$800 – S$1,100 psf
Sale Price Range≈S$450,000 – S$2,800,000
Asking Rent RangeS$6,300 – S$16,331 per unit per month
Occupier BaseSMEs, real estate portals, trading/regional HQ offices, consultancies, logistics-light users

Location & Connectivity

Braddell House sits directly opposite Braddell MRT station on Lorong 2 Toa Payoh, in the northern fringe of Toa Payoh New Town within District 12. The immediate surrounds are a mix of established HDB housing, Toa Payoh’s civic and commercial core, and a scattering of older strata-titled B1 blocks that have historically served small and mid-sized businesses needing an out-of-CBD, cost-efficient base. The site benefits from decades of built-up infrastructure — mature bus networks, town-centre amenities and a well-established residential catchment that supplies a steady pool of local staff.

Connectivity is the building’s clearest strength. Braddell station on the North-South Line is essentially at the doorstep, while Toa Payoh and Caldecott stations are both within a short ride, giving occupiers three MRT interchanges within easy reach. By road, the Central Expressway is a few minutes’ drive away and links north to Yishun/Sembawang and south into the city, while the Pan-Island Expressway connects east–west across the island. For businesses that need to move staff, clients or light goods around Singapore quickly, this is a genuinely central, well-served address rather than a peripheral industrial estate.

Within walking distance are HDB Hub, Toa Payoh Central’s retail and F&B cluster, coffeeshops, supermarkets and banks — practical, everyday conveniences that support a working office population rather than a purely industrial one. This blend of residential-estate amenities with expressway and rail access is characteristic of Toa Payoh’s older B1 stock, and it is a large part of why buildings like Braddell House have remained occupied over a long operating life.

Location of Braddell House. Map data: Google Maps, accessed August 2026.

Building & Facilities

Braddell House is a single 10-storey B1 building completed in 1985 and understood to have undergone refurbishment works since. It was previously branded the Yellow Pages Building, reflecting its long-standing office/directory-publishing tenant, and the block continues to trade under that legacy identity in some listings today. The floor plates are described as efficiently shaped, with an average size of around 17,000 sq ft per storey, which allows for straightforward subdivision into smaller strata or leased units without excessive wastage from lift lobbies or unusable corners.

On-site car parking is available, a genuine advantage for an older B1 building in a dense residential precinct where public parking is often constrained. Vertical transport is served by passenger lifts sized for an office-type population rather than heavy cargo, which is consistent with the building’s current profile as a light-industrial/business-park space used predominantly for office, back-office, trading and light assembly functions rather than heavy manufacturing or warehousing. Air-conditioning at the common areas and flexible VRV systems within units have been noted in recent leasing collateral, suggesting the building has kept pace with baseline tenant expectations even as it approaches its fifth decade.

As with any strata-titled industrial building of this age, prospective buyers and tenants should independently verify current fire safety certification, lift maintenance records, common-area upkeep standards and any planned or completed Building and Construction Authority (BCA) mandatory upgrading works before committing. A physical inspection alongside a review of the Management Corporation Strata Title (MCST) minutes and sinking-fund position is strongly advisable given the building’s age.

Unit Types & Floor Plan Notes

Strata units at Braddell House are typically carved from the larger ≈17,000 sq ft floor plates, giving buyers and tenants a spread of sizes from compact single offices up to combined multi-unit floors for larger occupiers. The mix below reflects the range most commonly seen in current listings and directory records for the building.

Compact Unit

≈500 – 800 sq ft

Single-room strata offices suited to small teams, consultancies, and back-office functions; typically the entry point for owner-occupiers.

Mid-Size Unit

≈1,000 – 1,800 sq ft

The most commonly transacted size band, suitable for trading firms, IT services and regional back-office teams needing a few enclosed rooms plus open-plan desking.

Combined / Whole-Floor Unit

≈3,000 – 6,000 sq ft

Formed by merging adjoining strata lots on a single storey; appropriate for larger SMEs or a company wanting a dedicated floor with its own pantry and meeting-room zoning.

Light-Industrial / B1-Use Unit

≈800 – 2,000 sq ft

Units positioned closer to the loading bay and service lift, better suited to light assembly, storage-plus-office and other genuine B1-qualifying activities.

Floor-to-floor height: ≈3.6m typical for a 1985-vintage B1 block
Floor loading: ≈7.5 – 10 kN/m² (indicative for light-industrial floors of this era)
Lift provision: Passenger lifts serving all 10 storeys; service access at ground level
Air-conditioning: Flexible VRV / split-unit systems noted in recent refurbished units
Car parking: On-site parking available, supplementary to street and nearby public parking

Investment Case

Braddell House occupies a genuinely rare position for a B1 building of its vintage: a direct-opposite-MRT address in a mature, amenity-rich residential town, at price and rent levels well below comparable CBD or business-park office space. That combination underpins the case for owner-occupiers and yield-focused investors alike, though the building’s age and B1 use restrictions mean the opportunity comes with real caveats that deserve careful weighing.

What Works

  • Direct MRT frontage with three stations (Braddell, Toa Payoh, Caldecott) within easy reach
  • Established Toa Payoh catchment supplies a deep, stable local workforce
  • On-site car parking, uncommon for older strata B1 stock in this precinct
  • Entry prices and rents remain accessible relative to newer business-park product nearby
  • Efficient, subdivisible floor plates support a wide range of unit sizes and tenant profiles

What to Weigh Carefully

  • Building is now around four decades old, raising maintenance, lift and M&E renewal considerations
  • Strict B1 usage rules limit occupiers to permitted light-industrial and ancillary office activities
  • Remaining lease term is a meaningful factor for financing and long-term resale planning
  • Thin, infrequent transaction history makes benchmark pricing harder to establish with confidence
  • En-bloc or major asset-enhancement prospects are speculative rather than a near-term certainty

Who This Suits

Braddell House is best suited to owner-occupier SMEs that genuinely need or benefit from B1 zoning — trading companies, light-assembly operations, IT and technical services firms, and regional back-office or supply-chain functions that value proximity to an MRT interchange over a marquee CBD address. It also appeals to smaller consultancies, education-related operators and professional services firms drawn by the relatively low entry cost and workable floor-plate sizes. Investors comfortable with an older, strata-titled industrial asset — and who have done their homework on remaining lease tenure, MCST reserves and realistic exit timelines — may find the rental yield profile attractive relative to capital outlay, though this is a hold-for-income proposition rather than a short-term flip. It is less suited to businesses requiring heavy manufacturing floor loading, large continuous warehouse floorplates, or a brand-defining Grade-A address.

Frequently Asked Questions

What is Braddell House zoned for, and what can I actually do there?
Braddell House is zoned B1 Light Industrial, a category set by URA that permits light manufacturing, assembly, repair, warehousing, and closely related office or ancillary functions, provided the activity does not generate excessive noise, smoke, vibration or pollution that could affect nearby residential estates. Pure office use is generally restricted to a defined proportion of floor area — commonly cited around a 40:60 office-to-industrial ratio in current leasing collateral for this building — meaning tenants should confirm with their agent or JTC/URA guidelines that their intended business activity qualifies before signing. Retail, F&B and purely residential use are not permitted under this zoning, so buyers planning anything outside genuine light-industrial or B1-compliant office use should verify eligibility first.
Can foreigners buy a strata unit at Braddell House?
Yes. Unlike residential property, industrial and B1-zoned commercial units in Singapore are not subject to the Residential Property Act, so foreign individuals and foreign-owned companies can generally purchase strata units at Braddell House without needing Singapore Land Authority approval. This openness is one reason industrial and business-space assets attract a broader international buyer base than condominiums or landed housing. That said, foreign buyers should still budget for the applicable Buyer’s Stamp Duty, confirm financing terms with a local bank given the shorter remaining lease, and, if using the property for actual business operations, ensure their intended use is permitted under the B1 zoning and any relevant work-pass or company-registration requirements.
Does Additional Buyer’s Stamp Duty (ABSD) apply to a purchase here?
No. ABSD is a duty specific to residential property purchases in Singapore and does not apply to industrial or B1 commercial units such as those at Braddell House. This is a meaningful cost advantage compared with buying a residential investment property, where ABSD rates can run into double digits for second properties, entities or foreign buyers. Purchasers of Braddell House units are still liable for standard Buyer’s Stamp Duty (BSD) on the purchase price or market value, whichever is higher, calculated on the usual tiered BSD schedule. Always confirm current rates with IRAS or a conveyancing lawyer at the point of purchase, since duty schedules are periodically revised by the Ministry of Finance.
What about Seller’s Stamp Duty (SSD) if I want to resell quickly?
Industrial property in Singapore, including B1 units at Braddell House, is subject to its own Seller’s Stamp Duty regime, separate from the residential SSD framework, and it applies on a holding-period basis. Historically this duty has applied to industrial properties sold within a set number of years of purchase, tapering as the holding period lengthens, with no duty payable once the minimum holding period has passed. Because rates and holding-period brackets are periodically reviewed by the authorities, buyers planning a shorter hold — for example, an asset-enhancement or quick resale strategy — should check the current IRAS SSD schedule for industrial property before finalising their exit timeline and factor the potential duty into their return calculations.
How is Buyer’s Stamp Duty (BSD) calculated on a unit like this?
BSD is computed on a tiered percentage of the purchase price or market valuation, whichever is higher, and the same schedule applies to industrial, commercial and residential property alike. For a unit priced in the low hundreds of thousands, the effective BSD rate sits toward the lower end of the schedule; for higher-value combined-floor purchases running into the millions, the blended effective rate rises as later tiers of the property price are charged at higher percentages. Buyers should ask their conveyancing lawyer or the bank arranging financing to calculate the exact figure once a purchase price is agreed, since BSD is payable within a fixed window after the exercise of the Sale and Purchase Agreement and is not optional or negotiable.
Is GST payable when buying or renting at Braddell House?
Sales of non-residential property such as B1 industrial units are generally treated as a supply subject to Goods and Services Tax when sold by a GST-registered vendor, such as a developer or GST-registered corporate seller, though private individual sellers who are not GST-registered typically do not charge GST on a resale transaction. Rental of commercial and industrial space is likewise generally subject to GST when the landlord is GST-registered, so tenants should check whether quoted asking rents at Braddell House are stated inclusive or exclusive of GST before comparing offers. Given the technicalities involved and periodic rate changes, buyers and tenants should confirm the applicable treatment with their accountant or the seller/landlord’s finance team before transacting.
How does the remaining lease term affect financing options?
Braddell House sits on an estimated leasehold tenure originating in the early 1980s, which means a meaningful portion of the original term has already elapsed. Singapore banks typically size industrial property loans so that the loan tenure plus the buyer’s age, or the loan tenure alone for corporate borrowers, does not run past the remaining lease, and loan-to-value ratios are often trimmed further once remaining tenure drops below roughly 30 years. Prospective buyers should request the exact lease commencement date and remaining balance from the seller’s title documents early in due diligence, then approach at least two or three banks for indicative terms, since appetite and maximum loan quantum can vary meaningfully between lenders for older leasehold industrial assets.
What rental yield can an investor realistically expect?
Based on current asking rents of roughly S$6,300 to S$16,331 per unit per month against typical strata sale prices in the low hundreds of thousands to low millions depending on unit size, gross rental yields for B1 units at Braddell House are broadly estimated in the mid-single-digit percentage range, which is generally competitive against comparable strata industrial and business-park assets in the wider Toa Payoh and Novena micro-markets. Actual achieved yield will depend heavily on unit size, floor level, fit-out condition, and how quickly a unit is let after any vacancy. Investors should stress-test their numbers against MCST maintenance fees, property tax on a non-owner-occupied basis, and realistic void periods rather than relying solely on headline asking-rent figures.
The building is over 40 years old — how much of a concern is that?
Completed in 1985, Braddell House is a mature asset by Singapore industrial-property standards, and building age is a legitimate factor to weigh rather than dismiss. Older strata blocks generally carry higher ongoing costs for lift modernisation, roof and facade upkeep, fire-system compliance and electrical rewiring as components reach the end of their service life, and any BCA-mandated upgrading works can trigger special levies on owners. On the positive side, listings describe recent refurbishment activity at the building, and a long operating history with a diverse, ongoing tenant base is itself a signal of continued usability. Buyers should request the MCST’s most recent AGM minutes, sinking-fund balance and any planned capital works before committing.
What are the chances of an en-bloc sale or redevelopment?
There is no confirmed collective sale or redevelopment plan for Braddell House at present, and any assessment of en-bloc potential should be treated as speculative rather than a core part of an investment thesis. Older, well-located B1 sites in mature estates do periodically attract redevelopment interest given land scarcity in central Singapore, and proximity to an MRT interchange is generally a positive factor for future intensification potential under URA’s Master Plan. However, collective sales require a high threshold of owner consent under the Land Titles (Strata) Act, plus market conditions and government land-use policy that are impossible to predict with confidence years in advance. Buyers should value the asset on its standalone income and usage merits, treating any redevelopment upside as a bonus rather than a base case.
Is there enough parking and loading access for a light-industrial tenant?
Braddell House offers on-site car parking, which is a genuine advantage for an older B1 building in this part of Toa Payoh, where surrounding public parking is largely geared toward residential estates rather than commercial visitors. Loading and unloading provisions are consistent with the building’s light-industrial classification — suitable for smaller vans and delivery vehicles rather than heavy-goods trucks or continuous freight movement, given the building’s office-oriented lift and floor-plate configuration. Businesses with intensive daily loading needs, such as those handling bulky goods or high delivery volumes, should physically inspect the loading bay and confirm access hours and vehicle-size limits with the MCST management office before committing to a unit.
What are MCST maintenance fees typically like for a unit here?
As a strata-titled building, Braddell House is managed by a Management Corporation Strata Title, which levies monthly maintenance fees to cover common-area cleaning, lift servicing, security, common utilities, insurance and contributions to the sinking fund for major repairs. For an older 10-storey B1 building of this size, monthly fees are typically charged on a per-share-value or per-square-foot basis, and owners should expect fees to sit at levels broadly comparable with other ageing strata industrial buildings in the vicinity. Because sinking-fund adequacy directly affects the likelihood of future special levies, prospective buyers should request the MCST’s latest financial statements and confirm whether any major upgrading works are being planned or have recently been completed and funded.
How liquid is the resale market for units at Braddell House?
Publicly available transaction records for Braddell House are thin, with several property portals showing limited or no recent recorded sale transactions for the building specifically, which suggests a comparatively low-liquidity, infrequently-traded market rather than an actively churned one. This is common for smaller, older strata industrial buildings where most owners are long-term occupiers rather than active traders. Buyers should not assume a quick resale is guaranteed and should be prepared to hold the asset through a full market cycle if needed, pricing any purchase with a margin of safety against comparable transactions in nearby, better-documented B1 buildings in Toa Payoh and the wider District 12/20 industrial cluster.
What kinds of businesses currently occupy the building?
Corporate registration records for the address show a genuinely diverse occupier base, including online real-estate marketplace operators, investment holding companies, management consultancy and training firms, optical-goods trading and regional headquarters functions, travel agencies, and supply-chain and property-management operations, alongside the building’s long-associated directory-publishing tenant. This mix reflects the building’s practical appeal to office-style SMEs and light-industrial users rather than heavy manufacturing. Prospective buyers or tenants considering a specific business type — for example genuine light assembly, storage-heavy operations, or education-related use — should confirm compatibility with the B1 zoning and the MCST’s house rules before signing, since not every use permitted elsewhere will necessarily be approved within this particular building.

This article is for general informational purposes only and does not constitute financial, investment, legal or tax advice. Figures marked with “≈” are reasoned estimates based on publicly available listings and directory data at the time of writing and should be independently verified with the seller, a licensed property agent, and relevant government agencies before any transaction. Property values, rents, stamp duty rates and zoning rules are subject to change. Readers should conduct their own due diligence and seek professional advice before buying, selling or leasing any property.

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