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Enterprise One Review

Enterprise One Review
Industrial & Commercial Property Review — District 14

Enterprise One

A mature Kaki Bukit ramp-up factory development built for light industry, warehousing and steady occupier demand.

SGCPI Research Desk Updated August 2026 1 Kaki Bukit Road 1, Singapore 415934 60-YR LEASEHOLD FROM 1996

Street-level view of Enterprise One, 1 Kaki Bukit Road 1, Singapore 415934. Imagery: Google Street View (user-contributed imagery), accessed August 2026.

Project Overview

Building NameEnterprise One
Address1 Kaki Bukit Road 1, Singapore 415934
DistrictDistrict 14 (Eunos / Geylang / Paya Lebar)
Tenure60-Year Leasehold from 1996
Zoning / UseB2 Industrial — Clean & Light Industries
Built Form5-Storey Ramp-Up Industrial Development
Land Area / GFA≈25,507 sqm / ≈63,264 sqm
Completion Year2006
Nearest MRTEunos (EW7), MacPherson (CC10), ≈Kaki Bukit (DT28)
Key Road AccessPan Island Expressway, Eunos Link, Kaki Bukit Avenue 1
Transacted PSF Range≈S$500 – S$750 psf
Sale Price Range≈S$550,000 – S$2,800,000
Asking Rent Range≈S$1.60 – S$2.20 psf/month
Occupier BaseLight manufacturing, warehousing/logistics, trade showrooms, F&B canteen

Location & Connectivity

Enterprise One sits within the established Kaki Bukit industrial belt, fronting Eunos Link and Kaki Bukit Avenue 1. The estate has been a working industrial address for decades, giving it a settled occupier base and a supporting ecosystem of hardware suppliers, logistics operators and light manufacturers that newer, greenfield industrial parks typically lack in the first years after launch.

The development is within walking distance of Eunos MRT (EW7) on the East-West Line and a short ride from MacPherson MRT (CC10), which interchanges with the Circle Line. Kaki Bukit MRT (DT28) on the Downtown Line is further afield but usable for staff coming from the north-east corridor. Vehicular access is straightforward via the Pan Island Expressway, putting the building within a roughly 15 to 20 minute drive of the Central Business District and Changi Airport.

Nearby amenities include NTUC FairPrice, Kembangan Plaza and a cluster of coffee shops and eateries along Eunos Techolink, so staff are not solely dependent on the building’s own canteen for meals during the working day.

Location of Enterprise One. Map data: Google Maps, accessed August 2026.

Building & Facilities

Enterprise One is a five-storey ramp-up development, meaning vehicles can drive directly to each floor rather than relying solely on cargo lifts. This is a meaningful operational advantage for tenants moving bulky stock or machinery, and it is one of the features that distinguishes ramp-up factories from conventional multi-storey industrial blocks reliant purely on lift access.

Most units are column-free and come with their own attached toilet, which suits light-assembly and warehousing tenants that need uninterrupted floor plates. Common facilities include loading and unloading bays, cargo and passenger lifts, and car and lorry parking. An in-house canteen unit, sized at roughly 10,409 sq ft and historically operated with around a dozen food stalls, serves the working population on site.

Prospective buyers should independently verify current fire-safety certification, lift maintenance records and any URA use-restriction conditions attached to specific units before committing, as these details can vary unit by unit even within the same block.

Unit Types & Floor Plan Notes

Unit configurations at Enterprise One span standard factory space through to purpose-built showroom and F&B units, giving the development a broader occupier mix than a typical single-use factory block.

Standard Factory

≈1,000 – 2,300 sq ft

Column-free floor plates with an attached toilet, suited to light assembly, storage or ancillary office use.

Showroom Unit

≈1,500 – 3,000 sq ft

Ground or lower-floor units with higher street visibility, suited to trade showrooms and B2B display space.

Warehouse / Logistics

≈2,000 – 4,500 sq ft

Ramp-up accessible floors with loading-bay proximity, suited to storage, distribution and last-mile operations.

F&B / Canteen

≈10,409 sq ft

A single larger F&B unit historically configured with around 12 food stalls plus a drinks stall.

Building Form: 5-storey ramp-up, vehicular access to all floors
Toilets: Most units have their own attached toilet
Lifts: Cargo and passenger lifts serving all floors
Loading: Dedicated loading/unloading bays, car and lorry parking
Layout: Predominantly column-free floor plates

Investment Case

As a 2006-completion asset on a lease that started in 1996, Enterprise One occupies a middle ground: mature enough to have an established occupier base and transaction history, but with a diminishing lease runway that buyers need to factor into their hold-period math.

What Works

  • Ramp-up access to all floors simplifies logistics for bulky goods
  • Column-free units with attached toilets suit a wide range of light-industrial uses
  • Dual MRT lines (East-West and Circle) within reach, plus PIE access
  • Diversified occupier mix including showroom and F&B space
  • Established estate with a settled supporting business ecosystem

What to Weigh Carefully

  • Roughly 30 years remain on the 60-year lease as of 2026
  • Financing terms tighten as the remaining lease shortens
  • Historic transacted PSF data is dated and should be re-verified with a recent valuation
  • Resale liquidity for niche unit sizes can be thinner than for standard factory units
  • Limited scope for capital appreciation compared with newer industrial launches

Who This Suits

Enterprise One is best suited to SME manufacturers, warehousing and logistics operators, and trade or showroom businesses that value ramp-up floor access and an established industrial neighbourhood over the newest finishes. Owner-occupiers planning a 10 to 15 year hold, and yield-focused investors comfortable with a leasehold industrial asset roughly a third of the way through its lease decay, are the most natural fit. Buyers seeking maximum capital-appreciation upside or a very long financing runway may prefer a newer B1 or B2 development with more years remaining on the lease.

Frequently Asked Questions

What is Enterprise One zoned for, and what businesses can operate there?
Enterprise One is zoned B2 Industrial, designated for clean and light industries. Permitted uses typically include light manufacturing, assembly, warehousing and storage, workshops, and ancillary office space of up to 40% of a unit’s floor area, subject to current URA guidelines. Showroom and approved F&B units are also present in the development. B2 zoning generally excludes purely commercial or residential use, and heavier or more polluting industrial processes usually require B2-specific approval or fall outside what is permitted. Prospective buyers or tenants should confirm the intended business activity against URA’s latest use classification before signing, since permitted-use lists are periodically updated and unit-specific conditions can differ.
Can foreigners buy an industrial unit at Enterprise One?
Yes. Unlike residential property, industrial property in Singapore, including B2 units at developments such as Enterprise One, is generally open to foreign individual and corporate buyers without the restrictions imposed under the Residential Property Act. There is no Land Dealings Approval Unit approval required for standard industrial-unit purchases, and foreign entities routinely acquire factory, warehouse and showroom space in developments like this. That said, foreign buyers should still budget for the applicable Buyer’s Stamp Duty and, where relevant, GST, and should engage a Singapore-qualified conveyancing lawyer to handle the transaction, financing arrangements and any corporate structuring considerations specific to their situation.
Does Additional Buyer’s Stamp Duty (ABSD) apply to a purchase here?
No. ABSD in Singapore applies specifically to residential property purchases and does not extend to industrial units such as those at Enterprise One. Buyers only need to account for Buyer’s Stamp Duty, which applies to all property types including industrial. This makes industrial assets comparatively more stamp-duty-efficient for both local and foreign buyers when set against residential alternatives, particularly for investors or foreign entities who would otherwise face substantial ABSD rates on a residential purchase. It remains prudent to reconfirm current stamp duty rules with IRAS or a conveyancing lawyer at the point of purchase, as policy settings can be revised.
What about Seller’s Stamp Duty (SSD) if I resell within a few years?
Industrial property in Singapore is subject to its own Seller’s Stamp Duty holding period, separate from the residential SSD regime. Historically this has applied to industrial properties sold within three years of purchase, with rates scaled down the longer the unit is held before resale. Enterprise One units would fall under these industrial SSD rules if resold shortly after acquisition. Because SSD rates and holding periods are set by government policy and have been adjusted before, buyers planning a short hold period, whether for flipping or rapid repositioning, should verify the prevailing SSD schedule with IRAS before finalising their exit timeline.
How is Buyer’s Stamp Duty (BSD) calculated on an industrial unit?
BSD for industrial property is calculated on a tiered percentage of the purchase price or market value, whichever is higher, using the same marginal-rate structure applied to non-residential property generally. On a unit priced in the low millions, as several larger units at Enterprise One could be, this typically works out to a few percentage points of the transaction value once blended across the tiers. BSD is payable regardless of buyer nationality or entity type, and there is no industrial-specific exemption. Buyers should factor BSD into their total acquisition cost alongside legal fees, and confirm the exact computation with IRAS or their conveyancing lawyer at the point of purchase.
Is GST payable when purchasing a unit at Enterprise One?
GST treatment depends on the seller’s GST-registration status rather than the property type itself. If the seller is a GST-registered entity, GST is generally chargeable on the sale price of a commercial or industrial property such as an Enterprise One unit, and the buyer bears this cost on top of the purchase price. If the seller is not GST-registered, no GST applies to the transaction. Buyers financing a GST-inclusive purchase should note that GST is typically not covered by mortgage financing and needs to be funded separately in cash. Always confirm the seller’s GST status early in the transaction to budget accurately.
How does financing work given the shortening remaining lease?
With roughly 30 years left on the 60-year lease from 1996, financing for units at Enterprise One is achievable but comes with tighter parameters than for a freehold or long-lease asset. Banks typically cap the loan tenure so that the remaining lease at loan maturity leaves an adequate buffer, which can shorten the maximum loan period and raise monthly instalments relative to a newer development. Loan-to-value ratios for industrial property are also generally lower than for residential property. Buyers, particularly those planning to hold past the lease’s midpoint, should get an indicative facility from more than one bank early, since lending appetite for shortening leases varies by lender.
What rental yield can an owner realistically expect?
Based on asking rents observed for units at Enterprise One and comparable B2 ramp-up developments in the Kaki Bukit area, gross rental yields for industrial owners here have generally tracked in the mid-single-digit percentage range, higher than typical residential yields but variable by unit size and configuration. Smaller factory and showroom units tend to command a higher rent per square foot than larger warehouse floors, which can lift blended yield on a smaller purchase. Actual achievable yield depends heavily on unit condition, floor level, and tenant demand at the time of leasing, so prospective buyers should benchmark against recent, unit-specific asking and transacted rents rather than the estate-wide range alone.
Does the building’s 2006 completion date matter for buyers?
Completion year matters mainly through two lenses: physical condition and remaining lease. At roughly two decades old, Enterprise One’s mechanical and electrical systems, lifts and common areas are past their newest phase but well within a normal industrial building’s functional lifespan, provided maintenance has been consistent. The more material factor is the lease, which started in 1996, meaning the building’s age and its lease depletion are running on largely the same clock. Buyers should request the MCST’s recent maintenance and reinstatement fund records, and have a technical inspection done, rather than relying on completion year alone as a condition proxy.
What are the odds of an en-bloc sale or redevelopment?
En-bloc sales are far less common for strata-titled industrial developments than for residential condominiums, and there is no indication of an active or imminent collective sale process at Enterprise One. Industrial en-bloc transactions typically require a high consensus threshold among a fragmented base of owner-occupiers and investors, which is harder to achieve than in residential settings, and redevelopment economics depend heavily on future GPR and zoning changes in the Kaki Bukit precinct. Buyers should treat en-bloc potential here as a low-probability, long-horizon consideration rather than a near-term investment thesis, and focus instead on rental income and operational utility as the primary value drivers.
What parking and loading facilities are available?
Enterprise One provides car and lorry parking lots alongside dedicated loading and unloading bays, supporting its role as a light-manufacturing and warehousing address. As a ramp-up development, vehicles can be driven directly to each floor rather than relying solely on cargo lifts, which speeds up loading and unloading for tenants moving stock in volume. Exact bay counts and lorry access hours can vary and are best confirmed with the MCST or managing agent, particularly for tenants running frequent freight movements or operating larger commercial vehicles that may need to book loading slots during peak periods.
What are typical maintenance or MCST fees at Enterprise One?
As a strata-titled industrial development, Enterprise One is managed by a Management Corporation Strata Title (MCST) that levies monthly maintenance fees to cover common-area upkeep, lift servicing, security, cleaning and the sinking fund for major repairs. Fees are generally assessed based on share value, which correlates with unit size, so larger warehouse or F&B units carry proportionally higher charges than small factory units. Exact current fee schedules should be obtained directly from the MCST or managing agent, since they are reviewed periodically and can shift with utility costs, insurance premiums and any planned upgrading or reinstatement works across the estate.
How liquid is the resale market for units at Enterprise One?
Resale liquidity at Enterprise One reflects its position as a mature, mid-sized industrial estate: standard factory units in common size bands tend to transact more readily than the larger warehouse or the single F&B unit, which have a narrower pool of qualified buyers. Broader market conditions, prevailing industrial loan rates, and the lease’s ongoing depletion all influence how quickly a unit clears at a reasonable price. Sellers of larger or more specialised units should expect a longer marketing period and should price with reference to recent comparable transactions rather than optimistic historical peaks, particularly given how dated some of the estate’s on-record PSF benchmarks now are.

This article is provided for general information purposes only and does not constitute financial, legal or investment advice. Figures marked with “≈” are reasoned estimates based on publicly available data at the time of research and should be independently verified, along with current zoning, lease, MCST and pricing information, before making any purchase or leasing decision. Readers should consult qualified property, legal and financial professionals for guidance specific to their circumstances.

© 2026 SG Commercial Property Insights. All rights reserved.

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