D13 - Macpherson / Potong Pasir
Key milestones for Tai Seng Point.
A landmark development that brings together an unbeatable location and trusted developer pedigree.
Tai Seng station on the Circle Line is about 185m from 11 Irving Place - roughly a two-minute walk. That is close to unmatched for industrial premises in Singapore: most B1 and B2 buildings are a bus ride or a drive from rail. It puts the whole Circle Line within reach and connects to the Downtown and East-West lines at MacPherson and Paya Lebar.
Tai Seng Point is freehold. Industrial land is almost always sold on 30-year or 60-year leases, and strata industrial units therefore usually carry the lease-decay problem. Freehold title removes it, and the fact that the building combines commercial units with B1 industrial space means the two components are separately tradable and appeal to different buyer and tenant profiles.
The building is deliberately mixed: shop and restaurant units occupy the first to third storeys, B1 industrial units the seventh to eleventh, with a staff canteen on seven and car parking on four to six. The lower floors are commercial rather than industrial, which means genuine retail and food and beverage frontage on Irving Place instead of a uniform industrial facade.
The B1 industrial units are built with ceilings of up to six metres, which allows racking, mezzanine insertions or a split workshop-and-office arrangement that a standard 3.5-metre industrial unit cannot accommodate. The building is also one of the tallest in the immediate vicinity, which gives the upper-floor units open outlook.
Bowl & Bowl is about 87m away, Sarathi Store about 120m and a FairPrice about 168m, with a Sheng Siong about 810m. The immediate Irving Place and Tai Seng area has working-kitchen food and convenience provision within a two-minute walk, which matters for an industrial building where staff need lunch.
The building sits in the heart of the Tai Seng and MacPherson industrial and commercial belt, with the Paya Lebar regional centre, the Paya Lebar Airbase area and the wider MacPherson, Ubi and Kaki Bukit industrial clusters all close by. That is the customer and supplier base for most businesses likely to occupy B1 space here.
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D13 - Macpherson / Potong Pasir
Tai Seng Point is a freehold mixed-use industrial and commercial development at 11 Irving Place, District 13, developed by Singhome (Paya Lebar) Pte Ltd. It is an 11-storey multi-user building comprising 47 strata units, arranged vertically by use: shop and restaurant units from the first to the third storey, car parking from the fourth to the sixth, an ancillary staff canteen on the seventh, and B1 industrial units from the seventh to the eleventh storey. It was completed in 2018.
The vertical separation of uses is what makes the building work. Rather than a uniform industrial block with an incidental canteen, the lower three floors are genuine commercial space with retail and food and beverage frontage onto Irving Place, and the industrial floors sit above them. For a buyer, that matters twice over: the commercial and industrial units are separately tradable and attract different tenants, and the building presents to the street as a commercial address rather than as a factory.
The industrial units are built to a specification suited to real operations - ceilings of up to six metres, which allows racking, mezzanine insertions or a workshop-and-office split that standard industrial space cannot take. The building is also one of the taller structures in the immediate vicinity, so upper-floor units have an open outlook rather than looking into a neighbouring factory wall. Facilities are intentionally minimal, which is normal for industrial strata: the value is in the space, the ceiling height, the vehicle access and the parking provision, not in a clubhouse.
The location is the strongest argument. Tai Seng MRT station on the Circle Line is about 185m away - a two-minute walk - which is close to unmatched for industrial premises in Singapore. The Circle Line connects at MacPherson to the Downtown Line and at Paya Lebar to the East-West Line, so the whole city is reachable without a car. Bartley station is about 1,106m. On the immediate surroundings, Bowl & Bowl is about 87m, Sarathi Store about 120m and a FairPrice about 168m, with a Sheng Siong about 810m. Bartley Secondary School is about 635m and Maris Stella High School about 1,176m. The building sits inside the Tai Seng and MacPherson industrial and commercial belt, close to Ubi, Kaki Bukit and the Paya Lebar regional centre.
Backed by Singhome.
Tai Seng Point was developed by Singhome (Paya Lebar) Pte Ltd, a project vehicle formed for this site at Irving Place. The development was brought to market around 2015 and completed in 2018 as an 11-storey mixed-use building combining commercial units on the lower floors with B1 industrial strata units above.
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A closer look at the factors that make this development a compelling opportunity.
The rail position is the single strongest fact about this building and it is genuinely rare in industrial property. Tai Seng station on the Circle Line is about 185m away - a two-minute walk - and the Circle Line interchanges with the Downtown Line at MacPherson and the East-West Line at Paya Lebar, so the entire city is reachable by train without a car. Almost no B1 or B2 building in Singapore offers that, and for a business it changes recruitment, since staff can be drawn from the whole rail network rather than only from those who drive. The building sits inside the Tai Seng and MacPherson industrial and commercial belt, with Ubi, Kaki Bukit, MacPherson and the Paya Lebar regional centre close by, and Bartley station about 1,106m. Road access to the Pan-Island Expressway and the Kallang-Paya Lebar Expressway is straightforward, and Changi Airport and the city are both within reasonable reach. The commercial units on the first three storeys also give the address frontage onto Irving Place, which is a different proposition from a set-back industrial block.
Provision on the doorstep is practical rather than extensive, which suits an industrial building. Bowl & Bowl is about 87m away, Sarathi Store about 120m and a FairPrice about 168m - all under a two-minute walk - with a Sheng Siong supermarket about 810m and Tai Keng Shopping Centre and the Upper Paya Lebar Road retail strip about 1,115m. The staff canteen within the building at the seventh storey adds lunch provision on site, and the shop and restaurant units on the lower floors give tenants retail and food and beverage options within the same property. On schooling, Bartley Secondary School is about 635m and Maris Stella High School about 1,176m, so there are schools in the immediate vicinity. Facilities within the building are minimal by design - the value of industrial strata space lies in the ceiling height, vehicle access, parking and the location, not in recreational amenities, and buyers should expect a low management fee reflecting that.
Industrial rents in the Tai Seng and MacPherson belt are supported by its position between the city fringe and the Paya Lebar regional centre, and by the deep concentration of industrial and commercial activity in Ubi, Kaki Bukit, MacPherson and Paya Lebar. The tenant base is broad: precision engineering and light manufacturing, e-commerce and last-mile fulfilment operators, printing and packaging, electronics assembly and testing, food processing and central kitchens, building trades and contractors, and service businesses needing workshop and storage space with small office components. The commercial units on the lower floors attract retail, food and beverage, showroom and office tenants, which is a different and generally higher-value market from the industrial floors. What supports rents here in the long run is the scarcity of freehold industrial land - the government releases industrial sites almost exclusively on 30- or 60-year leases, so new freehold strata supply is essentially non-existent, and it is further constrained where older industrial estates are being redeveloped into higher-value uses. The countervailing considerations are that industrial rents are cyclical and tied to trade and manufacturing activity, that B1 tenants can always choose cheaper 60-year leasehold space, and that at 47 strata units the management corporation has limited financial depth.
The transformation of the Tai Seng and MacPherson area is largely delivered and it was driven by rail and by the repositioning of Paya Lebar. The Circle Line, which opened in stages between 2009 and 2012 with Tai Seng station entering service in 2010, converted an industrial district with no rail access into one of the better-connected industrial locations in Singapore, and the effect on land values and on the type of occupier has been substantial - the area now hosts technology, media and precision manufacturing tenants alongside traditional industry. The second force is Paya Lebar, designated a regional centre under the Concept Plan and built out around the Paya Lebar interchange into a genuine commercial hub with offices, retail and public space, two stops away. Together these have steadily lifted the profile and the land value of the whole MacPherson, Ubi and Tai Seng corridor, and older industrial buildings on short leases continue to be redeveloped into higher-value industrial and commercial uses as their tenures run down. Looking forward, the largest changes affecting this area over the medium term are the continued redevelopment of the Paya Lebar Airbase site and its surroundings, which is a long-term, multi-decade undertaking due to release a very large area of land for mixed use, and the ongoing upgrading of the Ubi and Kaki Bukit industrial estates. For a freehold industrial owner here, the expectation is a well-connected, improving industrial district in which freehold tenure becomes progressively more scarce and therefore more valuable.
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Everything you need to know about Tai Seng Point.
| Citrine Foodland | SPACE NOVA | Eunos Technolink | Gourmet Xchange | Enterprise One | Richfield Industrial Cente | Eunos Techpark 2 | |
| Tenure | Freehold | Freehold | 60 years w.e.f 9 Jul 1996 | 33 Years | 60 years from July 1996 | 60 years from 1981 | 60 years wef 20 Nov 1995 |
| TOP | Dec 2023 | Q2 2028 | Dec 2004 | 1H 2028 | Dec 2006 | Jan 1990 | Mar 1999 |
| Price | Industrial $2,686,240 - $5,335,400 1,625 - 2,917 sqft $1,653 - $1,829 psf | Factory $2,076,787 - $2,657,319 2,756 - 3,509 sqft $715 - $757 psf | B2(Food) Deluxe $6,073,000 - $8,040,000 6,135 - 8,159 sqft $891 - $1,008 psf B2(Food) Standard $2,429,000 - $4,133,000 3,175 - 4,230 sqft $765 - $1,079 psf Heritage Terrace $5,964,000 6,437 - 8,105 sqft $927 psf Restaurant (F&B) $8,604,000 - $8,760,000 7,050 - 7,201 sqft $1,216 - $1,220 psf | $1,327,287 - $1,421,962 2,142 - 2,271 sqft $598 - $653 psf Canteen $15,511,369 10,409 sqft $1,490 psf Factory $1,314,663 - $1,659,255 2,153 - 2,271 sqft $608 - $770 psf | Factory $651,551 - $942,217 1,518 - 1,636 sqft $429 - $618 psf | Canteen $6,844,429 7,696 sqft $889 psf Factory $2,000,329 - $2,470,424 3,692 - 4,413 sqft $539 - $583 psf |