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Eunos Techpark 2 Review

Eunos Techpark 2 Review
Industrial & Commercial Property Review — District 14

Eunos Techpark 2

A well-established Kaki Bukit flatted factory with rare on-site recreational facilities

SGCPI Research Desk Updated August 2026 60 Kaki Bukit Place, Singapore 415979 60-YR LEASEHOLD FROM 1995

Street-level view of Eunos Techpark 2, 60 Kaki Bukit Place. Imagery: Google Street View (user-contributed imagery), accessed August 2026.

Project Overview

Building NameEunos Techpark 2
Address60 Kaki Bukit Place, Singapore 415979
DistrictD14 — Bedok / Eunos / Kaki Bukit
Tenure60-year leasehold from 1995 (≈29 yrs remaining)
Zoning / UseB2 Industrial (Factory / Workshop)
Built FormSingle 10-storey flatted factory block, 180 strata units
Land Area / GFA≈17,597 sqm land area
Completion YearTOP 2005
Nearest MRTKaki Bukit (DT33), Ubi (DT32)
Key Road AccessPIE & KPE
Transacted PSF Range≈S$480 – S$650 psf
Sale Price Range≈S$1.6M – S$6.8M
Asking Rent Range≈S$1.80 – S$2.60 psf/month
Occupier BaseLight engineering, precision manufacturing, tech & trading firms; on-site canteen and recreational facilities

Location & Connectivity

Eunos Techpark 2 sits within the well-established Kaki Bukit industrial belt in the eastern part of Singapore, a cluster that has long served light-to-medium industrial occupiers looking for space just outside the central business district but still within a short commute of it. The immediate surroundings are dominated by similar flatted-factory developments, giving the estate a consistent, purpose-built industrial character rather than a mixed-use feel. For occupiers accustomed to the Kaki Bukit belt, the building’s position is unremarkable in the best sense — it is squarely inside the zone where staff, suppliers and logistics partners already expect to find this type of business.

Connectivity is one of the building’s stronger selling points relative to older stock in the same belt. Kaki Bukit MRT Station (DT33) and Ubi MRT Station (DT32) on the Downtown Line are both within comfortable walking distance, giving rank-and-file staff a car-free commute option that many competing factories still lack. Motorists are equally well served, with quick access onto the Pan Island Expressway (PIE) and the Kallang-Paya Lebar Expressway (KPE), both of which connect efficiently to Changi Airport, the eastern residential belt and the city centre. This dual-mode accessibility supports both staff retention and last-mile logistics for occupiers moving goods in and out of the building.

Within walking distance, tenants have access to a modest but functional amenity base: coffee shops and canteens such as Techlink Kopitiam serve the daytime office and factory-floor crowd, while a short drive brings occupiers to the NTUC FairPrice supermarket at Eunos Crescent and to Kembangan Plaza for banking, F&B and other errands. It is not a lifestyle destination, and buyers should not expect retail vibrancy — but for an industrial occupier, the balance of practical amenities, transport options and an established business-neighbour base is solid.

Location of Eunos Techpark 2. Map data: Google Maps, accessed August 2026.

Building & Facilities

Completed in 2005, Eunos Techpark 2 is a single 10-storey flatted factory block housing 180 strata-titled units, ranging from compact starter units to larger contiguous floor plates suitable for a full production line or a mid-sized regional office. Floor-to-floor heights and loading arrangements are typical of the flatted-factory format from this era, with a shared goods lift core and a passenger lift lobby serving each floor. The building has now passed the two-decade mark, which buyers should factor into any renovation or M&E upgrading budget, even though the structure itself remains in generally serviceable condition for its age.

What differentiates this development from many peers in the Kaki Bukit belt is its recreational offering: an on-site swimming pool, gymnasium and tennis courts are unusual amenities for a light-industrial building of this vintage, and were positioned at launch as a wellness-oriented perk for tenant staff. A canteen within the development supplements the nearby coffee shops, reducing the need for occupiers’ employees to leave the building for meals. These shared facilities are maintained by the Management Corporation and funded through MCST contributions, so their upkeep is a collective, not an individual owner, responsibility.

As with any strata-titled industrial asset nearing or past 20 years of age, prospective buyers should commission an independent building condition survey before committing, paying particular attention to the state of common M&E systems, lift maintenance records, water ingress history and the adequacy of fire safety compliance for the intended use. A review of the latest MCST accounts and any planned major repair works (such as roof or facade re-painting cycles) is also recommended as part of due diligence.

Unit Types & Floor Plan Notes

Eunos Techpark 2’s 180 units span a wide range of sizes, giving the building unusually broad appeal across occupier profiles — from a two-person trading office to a full assembly line requiring several thousand square feet of contiguous floor space. Most units are delivered in bare-shell or lightly-fitted condition on resale, so incoming occupiers should budget for reinstatement or fit-out works, particularly for units that have been used for heavier industrial processes in the past.

Compact Unit

≈1,500 – 2,000 sqft

Entry-level strata unit suited to small trading, engineering support or back-office use; typically the most liquid size band for resale.

Mid-Tier Unit

≈3,500 – 3,800 sqft

The most commonly transacted size in recent sales data; workable as a standalone factory floor or a larger corporate office fit-out.

Large Factory Floor

≈7,500 – 7,700 sqft

Suited to occupiers running a dedicated production line, warehousing operation or a single-tenant corporate headquarters.

Combined / Adjoining Units

≈8,000 sqft and above

Achieved by combining adjoining strata lots; appeals to larger occupiers wanting a contiguous single floor, subject to MCST and URA approval.

Typical Ceiling Height: ≈4.5m – 6m (varies by floor and unit configuration)
Loading: Shared goods lift and loading bay at ground level
Floor Loading: Standard flatted-factory floor loading, verify against intended use with a qualified engineer
Power Supply: Standard 3-phase supply provided; upgrades may be required for heavy machinery
Parking: Shared surface and multi-storey parking within the estate, subject to availability

Investment Case

Eunos Techpark 2 appeals primarily to owner-occupiers and small landlords seeking exposure to the established Kaki Bukit industrial corridor at a price point below newer B1 developments elsewhere in the east. The dual-MRT access and expressway connectivity are genuine differentiators versus comparable flatted factories, but the shrinking lease term and building age mean this is better suited to a medium-term hold than a long-term legacy asset.

What Works

  • Rare dual-MRT access (Kaki Bukit and Ubi) within an established industrial belt
  • Direct PIE and KPE connectivity for logistics-dependent occupiers
  • Wide range of unit sizes supports diverse occupier profiles and easier resale matching
  • On-site swimming pool, gym and tennis courts are unusual for this asset class and vintage
  • Entry price points remain accessible relative to newer B1 stock in the east

What to Weigh Carefully

  • ≈29 years of lease remaining, which will affect bank financing quantum over time
  • Building is now over two decades old, implying near-term M&E and common-area upgrading costs
  • Most units require reinstatement or fresh fit-out on resale, adding to entry cost
  • En-bloc redevelopment is unlikely to be commercially viable given the remaining lease and B2 zoning
  • Rental and resale liquidity are more sensitive to broader industrial-sector demand than to building-specific factors

Who This Suits

Eunos Techpark 2 is best suited to owner-occupiers in light engineering, precision manufacturing, trading or tech-support businesses who want a functional, well-connected base in the east without paying newer-development premiums, and who are comfortable managing a fit-out on a bare-shell or lightly-used unit. It also suits small industrial landlords seeking a mid-teens-year hold with rental income from SME tenants, provided they underwrite the remaining lease honestly rather than assuming indefinite tenure. It is less suited to buyers wanting maximum financing tenure, a turnkey fitted unit, or a speculative en-bloc redevelopment play, given the building’s age, zoning and lease profile.

Frequently Asked Questions

What is the permitted use for units at Eunos Techpark 2?
Eunos Techpark 2 is zoned B2 Industrial, which permits factory, workshop and warehouse use, including light-to-medium manufacturing, processing and ancillary storage activities. B2 zoning generally allows a broader range of industrial processes than B1 (light/clean industry), but occupiers should still confirm that their specific activity, noise levels and any use of hazardous materials comply with current URA and NEA guidelines before committing to a lease or purchase. Ancillary office space within a unit is typically capped as a proportion of total floor area under URA rules, so businesses planning a largely office-based operation should verify the applicable ancillary use limit with URA or a qualified planning consultant before signing.
Can foreigners buy a unit at Eunos Techpark 2?
Yes. Industrial properties in Singapore, including strata factory units such as those at Eunos Techpark 2, are not subject to the Residential Property Act restrictions that limit foreign ownership of landed and certain residential property. Foreign individuals and foreign-owned companies can generally purchase industrial strata units directly, subject to normal conveyancing and, where applicable, any internal approval processes of their financing bank. Buyers should still check whether their home jurisdiction imposes any outbound investment restrictions, and should engage a Singapore-qualified conveyancing lawyer to confirm there are no unit-specific title restrictions before proceeding with a purchase.
Does Additional Buyer’s Stamp Duty (ABSD) apply to this purchase?
No. ABSD is a residential-property-specific duty and does not apply to industrial properties such as the strata units at Eunos Techpark 2, regardless of whether the buyer is a Singapore citizen, permanent resident, foreigner, or company. Buyers of this property will instead only need to account for standard Buyer’s Stamp Duty (BSD), calculated on the higher of the purchase price or market value. This is one of the reasons industrial property appeals to investors who already hold residential properties subject to ABSD, since an industrial purchase does not trigger this additional layer of duty regardless of the buyer’s existing property count.
What Buyer’s Stamp Duty (BSD) rates apply?
Buyer’s Stamp Duty on industrial property such as Eunos Techpark 2 follows the standard non-residential BSD schedule: 1% on the first S$180,000 of price or value, 2% on the next S$180,000, 3% on the next S$640,000, and 4% on the remaining amount above S$1,000,000. For a unit transacting at, say, S$3,000,000, this would work out to a blended effective rate in the low-to-mid single digits. Buyers should always calculate BSD on the higher of purchase price or the property’s valuation, and factor this cost into their total acquisition budget alongside legal fees and any applicable GST.
Does GST apply when purchasing this property?
GST treatment depends on the seller’s GST-registration status rather than the property type itself. If the seller is a GST-registered entity selling in the course of business, GST is generally chargeable on the sale of industrial property, whereas a sale by a non-GST-registered individual owner typically does not attract GST. Buyers intending to lease the unit out commercially may also need to consider their own GST registration obligations once rental income crosses the mandatory registration threshold. Because GST treatment varies by transaction, buyers should confirm the seller’s GST status early and factor any applicable GST into their financing and cash-flow planning before exercising an option.
How does the remaining lease affect bank financing?
With roughly 29 years remaining on the 60-year lease from 1995, financing terms for Eunos Techpark 2 will be more constrained than for a freehold or long-leasehold industrial asset. Banks typically cap loan tenure so that the remaining lease at loan maturity leaves an adequate buffer, and loan-to-value quantum can reduce as the remaining lease shortens, particularly as it approaches the 30-year mark. Buyers using CPF funds (where applicable to business entities) or seeking maximum leverage should discuss indicative loan tenure and quantum with multiple banks early, since financing terms can vary meaningfully between lenders for a shorter-lease industrial asset like this one.
What kind of rental yield can owners expect?
Based on prevailing asking rents of roughly S$1.80 to S$2.60 per square foot per month against typical strata sale prices in the ≈S$480 to S$650 per square foot range, gross rental yields for Eunos Techpark 2 units broadly fall in the mid-single-digit percentage range, in line with many established Kaki Bukit flatted factories. Actual achieved yield will vary by unit size, fit-out condition and tenant profile, and landlords should budget for periodic vacancy, MCST charges, property tax and maintenance when calculating net returns. Smaller units generally command a higher psf rent than larger contiguous floors, which can improve yield but may also see higher tenant turnover.
How does the building’s age affect a purchase decision?
Having obtained TOP in 2005, Eunos Techpark 2 is now over two decades old, which places it firmly in the “established” rather than “new” category of industrial stock. Buyers should expect that major building systems, including lifts, fire protection equipment and common M&E installations, will require periodic replacement or upgrading over the remaining lease term, funded through MCST sinking fund contributions. It is prudent to review the Management Corporation’s latest financial statements and any planned capital works before purchase, and to have a qualified building surveyor assess the unit and common property condition, particularly if the unit has a history of heavy industrial use.
What are the odds of en-bloc sale or redevelopment?
En-bloc redevelopment prospects for Eunos Techpark 2 appear limited in the near term. With roughly 29 years remaining on the original 60-year lease and a B2 industrial zoning that constrains alternative uses without a rezoning process, the arithmetic that typically drives successful en-bloc sales in the residential sector is far harder to replicate here. Collective sales of industrial developments do occur in Singapore, particularly where land is severely underutilised relative to permissible plot ratio, but they are less common and typically require strong developer appetite and a high threshold of owner consensus. Buyers should treat any en-bloc upside as a low-probability bonus, not a core part of the investment thesis.
What are the parking and loading arrangements like?
Eunos Techpark 2 provides shared parking within the estate, covering both staff and visitor vehicles, along with a ground-level loading and unloading area serviced by a shared goods lift core. As with most flatted factories of this vintage, parking is allocated on a shared basis rather than tied to individual units, and availability can be tighter during peak business hours, particularly for occupiers with frequent delivery or collection needs. Businesses reliant on regular heavy-vehicle loading should visit the site during working hours to assess loading bay congestion and lift waiting times firsthand, since this can materially affect day-to-day operational efficiency for logistics-intensive tenants.
What are the typical MCST or maintenance fees?
As a strata-titled development, Eunos Techpark 2 is managed by a Management Corporation Strata Title (MCST) that collects monthly maintenance fees from all unit owners to fund common-area upkeep, security, cleaning, and the shared recreational facilities including the pool, gym and tennis courts. Maintenance fees are typically apportioned according to each unit’s share value, meaning larger units pay proportionately more. Prospective buyers should request the latest MCST maintenance fee schedule, sinking fund balance and any minutes discussing upcoming major works, since these figures directly affect the true holding cost of ownership beyond the headline purchase price.
How liquid is the resale market for units here?
Resale liquidity at Eunos Techpark 2 benefits from the development’s 180-unit size and wide range of unit configurations, which historically supports a reasonably steady flow of sale and rental transactions compared with smaller, single-configuration industrial blocks in the same belt. That said, liquidity for industrial strata property generally remains thinner than for residential property, and is sensitive to broader manufacturing and SME sentiment, interest rate conditions, and the shrinking remaining lease over time. Smaller, well-configured units in the ≈1,500 to 3,800 sqft range have tended to transact more frequently than the largest floor plates, which typically appeal to a narrower pool of buyers.
What kinds of businesses are best suited to this building?
Eunos Techpark 2’s occupier base skews toward light engineering, precision manufacturing, technology-support services, and trading or logistics-support companies that value the building’s dual-MRT and expressway connectivity alongside functional factory-grade space. The B2 zoning supports genuine industrial processes as well as office-heavy occupiers operating within the permitted ancillary use limits, making it workable for anything from a small assembly operation to a back-office and light-storage hybrid. It is less suited to businesses requiring very heavy machinery, significant floor loading beyond standard flatted-factory specifications, or extensive on-site retail, given the building’s format and surrounding industrial-only estate context.
Are there Seller’s Stamp Duty (SSD) implications if I plan to resell quickly?
Seller’s Stamp Duty in Singapore currently applies mainly to residential property and industrial property held for a short period, so buyers of Eunos Techpark 2 planning a fast resale should check the prevailing SSD holding period and rates applicable to industrial property at the time of their purchase, as these have been adjusted by the government in the past. Where SSD does apply to industrial property, it is typically charged on a sliding scale that reduces the longer the property is held before resale. Given this, buyers with a genuine short-term flipping strategy should factor potential SSD into their exit cost projections rather than assuming it does not apply.

This article is provided for general informational purposes only and does not constitute financial, legal, tax or investment advice. Figures marked with “≈” are reasonable estimates based on publicly available listing and transaction information as at the update date above and may not reflect current market conditions. Prospective buyers and tenants should conduct independent due diligence, including verification of zoning, lease terms, MCST accounts and building condition, and should consult qualified professionals before making any purchase, leasing or financing decision.

© 2026 SG Commercial Property Insights. All rights reserved.

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