Renting a B2 Industrial Warehouse in Singapore

Researched and written 2026-09-29 13:48 SGT · 11 sources listed at the end · draft 1 · figures verified against the named sources on the date shown; where a source has since moved, the element carries a marker.

You are not buying a building. You are renting the right to use one for a fixed number of years, under a use the lease already names, inside a zoning category that carries the heaviest nuisance buffer in the industrial system. B2 is the general and special industries zone — heavier manufacturing, machinery, vehicle servicing, chemical or biotech operations — and a warehouse sitting on B2 land is there because of what it stores or handles, not because 'warehouse' is its own zoning box. Everything below follows from that one fact: the mechanics, the tax, the financing and the exit all run differently from a residential tenancy, and differently again from the B1 warehouse one zoning tier lighter.

The mechanics: what 'B2 warehouse' actually means

Warehouse is not a zoning category, on B2 land any more than on B1. URA classifies land B1 (clean, light industry) or B2 (general and special industries, heavier and noisier); a warehouse building sits in whichever zone matches the nuisance profile of the goods and activity actually housed in it. NEA requires at least a 100-metre buffer between a B2 site and its surroundings, against B1's 50 metres, under its Code of Practice for Pollution Control (SS593); a developer or tenant with a genuine siting question can put it to NEA directly through an Industrial Siting Consultation before committing to a lease.

A detail worth knowing before you assume 'warehouse' is a settled use on B2 land: URA's own Allowable Uses list for Business 2 names general manufacturing, repair and servicing, production, assembly, knitting mills and the storage of chemicals and oils among its predominant (at least 60% of floor area) uses — but general or bulk merchandise warehousing is not named as a predominant use in its own right the way it is on the B1 list. In practice, ready-built B2 warehouse and logistics space gets built and let anyway, treated as falling under production, distribution or an approved use written into the specific lease — but confirm the unit's actual approved use against its lease or title before you sign, rather than assuming the zoning label covers whatever you plan to store.

Most B2 stock, like B1, sits on a JTC-issued lease of 20 or 30 years, not freehold — so the building you are renting a slice of is itself a decaying asset on a fixed clock, and your landlord's own reversion risk as that clock runs down is one of the things that eventually shows up in your rent. A JTC lessee typically must fully occupy and use its space before subletting any part of it, which is why a large share of what looks like an ordinary B2 tenancy is actually a sublease one or two steps removed from the party JTC actually deals with.

• What sets one B2 warehouse apart from another, physically
• Floor loading up to 15 to 20 kN per sq m, materially heavier than typical B1 space, to carry three-phase machinery and dense racking
• Three-phase electrical supply as standard, which raises a tenant's utility cost beyond the rent itself
• Units, especially bare-shell, commonly come without an electrical switchboard or false ceiling already fitted — budget fit-out on top of rent
• A 100-metre nuisance buffer to surrounding non-industrial uses, against B1's 50 metres
• Ceiling height and floor-loading figures vary sharply by source and by estate age — get the specific unit's structural certification, not a market-guide range, before committing racking or mezzanine plans to it

Whatever the lease says on paper, JTC and URA both enforce the same 60:40 test on actual use, not just the zoning label: at least 60% of the floor area must go to the approved industrial activity, no more than 40% to ancillary uses such as an office corner or a meeting room. Enforcement escalates from a formal rectification notice to financial penalties to, on serious or repeated breaches, lease termination with no compensation for the remaining term — and the landlord bears that enforcement responsibility, whichever of you caused the breach.

Eligibility: who can rent, and as what

There is no blanket ban on an individual renting a B2 warehouse in their own name. But the practical gate sits one step earlier, on the buy side of this market: buying directly from JTC generally requires the buyer to be a Singapore-incorporated business entity that will itself occupy the site, and buying on the JTC secondary market runs through JTC's consent to assign, assessed against the incoming lessee's business plan. That filters who ends up as your landlord long before you ever see a Letter of Offer — you are almost always renting from a company, a facility provider, or a fellow tenant subletting a slice, not from an individual owner-investor the way a condo tenant often does.

The entity you sign the tenancy agreement as is not a formality — it decides who is actually on the hook if the lease goes wrong. A sole proprietor carries unlimited personal liability for the rent, the reinstatement bill and anything else the tenancy agreement makes you owe; a partnership spreads that same unlimited exposure across every partner, including for a co-partner's own mistakes; a company caps the loss at what the company itself holds, which is exactly why most real B2 tenants sign as a company even when the operating business is small.

Some JTC-leased B2 sites carry an owner-occupier condition on the party above you — the head lessee must occupy at least 70% of the floor itself, capping how much it can sublet to you or anyone else at 30% from the outset. Other JTC sites allow subletting from day one with no occupation period first. Which condition binds the space you are looking at is set by that specific lease, not by the B2 zoning generally, and it is worth asking to see before you commit — if the head lessee is already near its 30% cap, there may simply be no more room to sublet to you legally, whatever the landlord's own broker says.

Citizenship status: SC, PR, foreigner, FTA nationals

This is the shortest section on the page because, for a B2 warehouse tenant, most of it simply does not apply. The Residential Property Act's approval regime, and the whole citizenship machinery this site's residential pages walk through — Singapore Citizen, PR, foreigner, and the FTA-parity carve-out for US, Swiss, Liechtenstein, Norwegian and Icelandic nationals — binds restricted residential property. Industrial and commercial property is not on that list. A foreign person or a foreign-owned company needs no SLA approval to lease, or for that matter buy, a B2 warehouse or factory.

Additional Buyer's Stamp Duty, which sits at the centre of a residential citizenship analysis, is a duty on residential property only and simply does not reach a warehouse for any buyer profile — and since you are not the buyer here, it is doubly irrelevant. The one place citizenship does surface for a B2 tenant is on your own workforce, not your own status: logistics and warehousing have no bespoke Work Permit sector, and are generally classed under MOM's Services sector, which caps the foreign-worker Dependency Ratio Ceiling at 35% of headcount — well below Manufacturing's 60% cap. Some logistics operations with a sufficiently manufacturing-like activity profile have reportedly been reclassified into Manufacturing, materially raising their quota; worth checking against your own operation before you assume which cap applies.

Taxes on a lease, not a purchase

A tenancy agreement itself is a dutiable document. Stamp duty on a lease of 4 years or less is 0.4% of the total rent payable over the whole term; for a lease longer than 4 years, or indefinite, it is 0.4% of four times the Average Annual Rent, the higher of contractual or market rent, plus any maintenance, service or furniture-and-fittings charges the lease makes you bear, excluding GST. By convention the tenant pays it, though the lease can allocate it otherwise; it must be stamped within 14 days of signing in Singapore, and an unstamped tenancy agreement generally cannot be used as evidence in court — the lessee, not just the landlord or agent, needs to hold the stamp certificate.

If your landlord is GST-registered, GST at 9% applies on top of the rent — the same treatment IRAS applies to the sale and lease of commercial and industrial property generally. A GST-registered tenant can usually recover it as input tax; an unregistered sole proprietor or a non-GST-registered small company absorbs it as a real cost on top of the quoted rent.

Property tax on the building is the landlord's liability, not yours, at the flat 10% of Annual Value that non-residential property carries with no owner-occupier concession — but standard B2 leases commonly pass a share of service and conservancy charges, and sometimes property tax itself, through to the tenant, so read the lease rather than assume it stays entirely on the landlord's side of the ledger.

Here is the full list of what does NOT apply to you as a tenant, even though it dominates the taxation of a purchase on this site's buy pages: no Additional Buyer's Stamp Duty, because you are not buying; no Seller's Stamp Duty, which runs its own three-year schedule (15/10/5%) against industrial property but binds the seller, not a tenant, on disposal; and no CPF question, because CPF Ordinary Account savings were never available to fund a rental in the first place.

Financing: what you actually borrow for

CPF Ordinary Account savings cannot touch any part of this — not the security deposit, not the stamp duty, not the fit-out. That rule follows the zoning of the property, not your intent, so a company director renting a warehouse to run their own logistics operation in it gets no CPF access either.

The deposit itself carries no statutory cap for an industrial lease the way HDB rental deposits are informally benchmarked. Standard B2 leases run 1 to 3 years with a market-reported 2 to 3 months' deposit, longer for larger space; a unit with real fit-out risk — heavy racking, custom ventilation, a food-processing configuration — is reported to command 3 months even on a 2-year lease, compensating the landlord for reinstatement exposure. The deposit is ordinarily held by the landlord, not escrowed unless separately agreed, and returned within 14 to 30 days of expiry net of reinstatement deductions and outstanding charges.

The actual borrowing question for most tenants is not a mortgage — it is working capital for fit-out, racking and equipment. Enterprise Singapore's SME Working Capital Loan lends up to S$500,000 per borrower under the Enterprise Financing Scheme, with the government sharing 50% of the default risk with the lender for a standard enterprise (70% for one formed within the last 5 years, and temporarily 70% for all enterprises from 1 September 2026 to 31 March 2027), a maximum 5-year repayment term, and no capped interest rate — the lending bank prices it on its own risk assessment. It is open to any ACRA-registered sole proprietorship, partnership, LLP or company, which brings the entity choice from the eligibility section back into play here.

Even though you are not the one taking a mortgage, your landlord's own financing sets a hard floor under how far your rent can be negotiated. Banks assess an industrial-property landlord on a Debt Service Coverage Ratio, commonly a 1.2 to 1.4x minimum, crediting up to 70% of gross monthly rent toward serviceable income where the unit is tenanted — in a worked example from one commercial guide, S$7,000 monthly gross rent against a S$1.5 million purchase at 65% LTV produced net operating income of S$67,200 a year against roughly S$54,270 of annual debt service, a 1.24x DSCR, inside a typical minimum but with limited buffer. Push your landlord's achievable rent below their own debt-service number and the negotiation simply stops, whatever the market comparable looks like.

MAS's own underwriting framework applies a minimum 30% haircut to a landlord's rental income when a bank assesses that landlord's borrowing, and requires a stamped tenancy agreement with at least six months remaining before that rent counts at all — which is one reason a landlord will often press you toward a longer lease term or a renewal well before expiry: it is not only about occupancy, it is about keeping the rent bankable on their own refinancing. Where a company-sponsored tenant needs an employer guarantee, landlords commonly ask for a letter of employment, a guarantee letter on company letterhead and the guarantor company's own ACRA business profile; incomplete guarantor documentation is reported as one of the most common reasons an otherwise agreed Letter of Intent stalls.

Fit-out, mezzanine and reinstatement — the one lever you actually control

Industrial and factory interior fit-out is reported at roughly S$90 to S$200-plus per sq ft in 2026, depending on power loading, the office-to-warehouse ratio, approvals needed and the extent of mechanical and electrical works — a basic fit-out sits at the lower end, and anything with heavier M&E or structural change approaches or exceeds the top of the range. On bare-shell B2 space, which commonly arrives without an electrical switchboard or false ceiling fitted, expect to be nearer the top of that range than a B1 unit handed over closer to move-in ready.

The single most common addition a tenant makes is a mezzanine floor, gaining storage or office area without expanding the building's footprint, priced at roughly S$800 to S$1,500 per sq m depending on the structural system. A worked case study from a contractor's own cost guide, for a Tuas South industrial tenant adding a 120 sq m mezzanine office with a fire-rated staircase and emergency exit: total project cost S$87,500, about S$729 per sq m, cleared BCA approval in 31 working days, and the mezzanine, staircase and SCDF-certified fire exit completed and approved in 18 weeks in total. A licensed BCA-registered builder is mandatory for the structural work; the guide does not separately detail a JTC approval step for a mezzanine on a leasehold unit, which is worth confirming directly with your landlord and JTC before you commit the spend, not after.

Any change to a warehouse's compartmentation or sprinkler coverage — racking that changes stored-goods height or layout, for instance — can trigger a fresh Fire Safety Certificate submission: a Qualified Person submits plans for SCDF approval before works begin, then a Registered Inspector applies for the certificate once works are certified as matching the approved plans. A store room without sprinkler protection is capped at 4 metres maximum storage-unit height under SCDF's Fire Code; beyond that, or once a compartment exceeds the Fire Code's own size thresholds, an automatic sprinkler system is required.

• Racking details that decide how much floor you actually get to use
• A rack's top beam should sit at least 300mm below the lowest obstruction — a beam, sprinkler head or duct — for safe forklift-mast clearance at full lift height
• Aisle width has to be sized to the forklift actually used: a standard counterbalance truck needs a materially wider aisle than a narrow-aisle reach truck
• That width decision trades off directly against how much of the floor racking can occupy versus how much must stay open for circulation — decide it before you commit to a racking layout, not after

Putting office space into a B2 unit beyond the 40% ancillary ceiling, or changing the unit's actual use, is not something you fix quietly after the fact. JTC's own change-of-use process requires the new use to stay compatible with surrounding industries and keep at least 60% on core industrial use; a use that includes warehousing, or materially increases traffic, needs an LTA Land Use Proposal Form; NEA clearance is required in every case, and SCDF approval on top of that if flammable materials are stored beyond permitted quantities. JTC's own stated decision timeline is 10 working days once external clearances are in — and its own advice is explicit: do not commit to the tenancy or begin renovation works before that approval is in hand. Industrial buildings, for what it is worth, cannot be used as office premises at all under URA's own definition — that use is treated as incompatible with the site's planning intention, not merely capped.

At the end of the term, the landlord requires the space reinstated to its original condition — the mezzanine, the racking, the fit-out you paid for is not yours to keep or to sell to the next tenant, it is a cost you incur twice, once to build it and once to remove it. Tenants are commonly asked to carry Public Liability Insurance of S$1 million to S$2 million and Property or Industrial All Risks cover of S$100,000 to S$500,000 through the tenancy, often held in joint names with the landlord, on top of the reinstatement obligation itself.

The tenancy agreement, from letter of intent to signing

Estate agency work on industrial leasing has been CEA-licensed on the same footing as residential and commercial property since 1 January 2011 — an agent introducing you to a B2 warehouse landlord, or negotiating the lease on either side, must be CEA-registered through a licensed agency, whatever title they use. CEA's own consumer-facing 'Renting or renting out' guidance, though, is written entirely around an HDB flat or private residential tenancy — the specific conventions it states for a residential landlord (the Prescribed Estate Agency Agreement, the role ending at handover) are not restated by CEA for a commercial or industrial one; those rest on secondary commercial-leasing guides instead.

There is no CEA-set commission rate for any property type, industrial included; the amount is agreed between agent and client, and there are no prescribed guidelines on the figure the way there is a Prescribed Estate Agency Agreement template for a residential letting. Market convention for a commercial or industrial lease runs at least half a month's rent for a lease of 12 months or less, and about one month's rent for a lease of up to 24 months, split between the landlord's and tenant's agents where both are engaged and payable only once the lease is signed. If you engage your own agent rather than dealing with the landlord's, expect a similar half-month-to-one-month figure plus 9% GST, agreed up front rather than assumed.

Estate: what happens if you, or your company, don't make it to the end of the lease

The liability structure you chose at the eligibility stage of this page comes back here. A sole proprietor's death does not end the lease obligation — it becomes a debt of the estate, recoverable from the deceased's assets before anything reaches an heir; a company's insolvency or winding-up is a different mechanism entirely, running through the company's own assets and any personal guarantee a director gave, not through the director's personal estate unless that guarantee was signed.

JTC's own transfer framework is genuinely silent on this exact question. Its page on transferring a tenancy or lease states plainly that transfer of tenancy is only considered for corporate restructuring — converting a business entity, transferring to a related company, changing an ownership structure — assessed against the transferee's own business plan and value-add; transfer of the lease itself to an unrelated party is barred outright once fewer than 5 years remain on the term. Nowhere on that page does JTC state a route for a transfer to an executor, administrator or beneficiary of an estate — get this confirmed directly with JTC before you assume your estate, or your company's estate on winding-up, can simply step into the lease.

The Voice: the twelve questions, for a tenant

The two questions that actually sort a reader are not 'are you renting to stay or renting to invest' — nobody signs a lease they expect to regret, so that question sorts nobody. The real questions are: are you borrowing to buy (you are not — you chose to rent instead, which is itself the answer to Q1), and once you hold this space, are you lending part of it out? The second one is live for a B2 tenant in a way it rarely is for a residential renter: JTC lets a lessee sublet up to 30% of GFA to an unrelated business, so a tenant with spare floor can become a small landlord within their own lease, subject to the same 30%-and-3-years cap and the same JTC approval their own landlord answered to further up the chain.

C0 THE PLAY. Renting is not a balance-sheet play in the way buying is — you build no equity and capture no appreciation. But since 2019, if you sign as a company, it is not purely a cash-flow play either: SFRS(I) 16 puts a right-of-use asset and a matching lease liability on your own balance sheet for any lease over 12 months, so this warehouse shows up as debt-like exposure on your books whether or not you ever borrowed a dollar to sign it.

C1 BALANCE SHEET. What you own: nothing — no equity in the building, no claim on its appreciation. What you owe: the lease liability just described, if you signed as a company on a lease over 12 months, measured at the present value of the rent you have committed to pay over the term. Elect the short-term or low-value-asset exemption and it stays off the balance sheet entirely, run as a simple expense instead — a real choice with real consequences for how leveraged your company looks to a bank on its next application.

C2 CASH FLOW. Cash out: rent, GST if the landlord is registered, your share of service and conservancy charges, the fit-out capex, and the deposit, all up front and before the space earns you a dollar. Cash in: whatever your business generates from operating out of it, or, if you sublet part of it under JTC's 30% cap, the sub-rent you collect. The funding gap is the fit-out capex and deposit together — commonly the largest single cash outlay in the whole transaction, and the one most tenants underbudget because it is not the number on the Letter of Offer.

C3 P&L. This is where the accounting standard and the cash flow genuinely diverge, and conflating them is the exact mistake this page's house rule warns against. Under SFRS(I) 16, a company tenant does not simply expense rent as it is paid — it recognises depreciation on the right-of-use asset and interest expense on the lease liability separately, front-loading the P&L charge in the early years of a level-rent lease even though the actual cash paid out is flat. Fit-out capex is capitalised and depreciated over its useful life, not expensed when paid, so the cash you spend fitting out the mezzanine this quarter and the profit hit from it land in different periods.

C4 CARRY. For a tenant occupying the whole unit for its own operations, there is no carry question in the investment sense at all — this is a factor-of-production cost, not a financed asset earning a spread. If you sublet part of the space under JTC's 30% cap, carry becomes real again on that slice: the sub-rent you collect against the pro-rated share of your own rent, service charge and any fit-out you provided the subtenant is a genuine positive- or negative-carry position, small in scale but the same mechanics as a landlord's.

C5 GIVE/GET. You give: rent, a deposit tied up for the term, the sunk cost of fit-out, and a reinstatement obligation at exit. You get: use of the space for exactly the term agreed, no exposure to the building's own price movement, no exit duty on a sale you never had to make, and — unlike an owner nearing JTC's 30-year reversion mark on the head lease — no direct exposure to what happens to the building once your own lease ends.

C6 EXPOSED TO. Market rent moving against you at renewal — B2 rents are reported at roughly S$1.20 to S$3.50 psf a month depending on estate and building age, with live September 2026 listings spanning S$1.39 to S$5.20 psf by size and location, a wide enough range that a specific renewal quote can move sharply on comparables alone. Your landlord's own financing and lease position — whether they are nearing a JTC reversion date, or under pressure from their own bank's DSCR test — flows through to what they will and won't concede at renewal. And, if you occupy under an owner-occupier-conditioned head lease, exposure to the head lessee's own compliance with the 60:40 rule: a breach up the chain can, in the worst case, cost the head lessee the lease itself, with no compensation and nothing protecting a subtenant sitting under it.

C7 FOR HOW LONG. Standard B2 leases run 1 to 3 years, longer for larger space. If you plan to sublet part of the space, that sublease is capped at 3 years or the remainder of your own tenancy, whichever is shorter, and it ends automatically the moment your own lease ends — a subtenant under you carries no protection against your head lease being terminated or not renewed, exactly as you carry none against whatever sits above you.

C8 FAILURE CASCADE, in order. A business downturn that makes the rent hard to cover, or a sublet you cannot fill profitably, hits cash flow first; unpaid rent accumulates into arrears and penalties on the P&L; a sole proprietor's or unlimited partner's personal assets are then directly exposed, where a company's are ring-fenced to what the company holds unless a personal guarantee was signed; illiquidity follows once the deposit is exhausted and reinstatement is still owed; and insolvency, for a company, or personal bankruptcy, for a sole proprietor or partner, is the end state — the same order this page's house frame applies to an owner, run through a tenant's balance sheet instead of an owner's equity.

C9 LIQUIDITY. There is no market for selling your tenancy the way there is for selling an owned unit. Your own ability to exit early runs through assignment or subletting, both needing your landlord's consent and, where the space sits on a JTC lease, JTC's own approval on top of that, typically within about 7 working days once a complete application with the incoming party's ACRA profile and NEA clearance is in. Walking away without that consent is a breach, not an exit, and the reported penalty for unapproved subletting runs up to 100% of the assessed sublet rent.

C10 CONTROL. This is the page's own expression of it: reno, fit-out, mezzanine and racking are the only part of this deal you actually shape. Zoning, land tenure, the 60:40 rule and the nuisance buffer were all fixed before you walked in; what you build inside the shell — within JTC's change-of-use process, BCA approval and SCDF's fire-safety sign-off — is the one lever genuinely in your hands, and it is also the one lever you pay for twice, once to build and once to reinstate.

C11 THE EXIT. At term end: reinstate the unit to its original condition, recover the deposit net of reinstatement deductions within 14 to 30 days, and either renew (commonly renegotiated against the current market psf, not the rate you signed at) or vacate. If you sublet part of the space, your own exit forces your subtenant's exit too, on no notice beyond whatever your own lease gives you — a cost and a relationship to manage on the way out, not just a form to file.

The B2B spoke

Most B2 warehouse tenants are businesses, not individuals, and the structure above them is often a second business, not JTC directly. A facility provider — a MAS-licensed REIT or investment fund, a developer with an established five-year track record, or an industry association backed by EDB or Enterprise Singapore — either builds and leases a custom facility to an anchor tenant on negotiated terms, or buys a completed facility under sale-and-leaseback and leases it back. For most B2 tenants who are not the original JTC lessee, that structure, not a direct JTC tenancy, is who actually sits above them; losing an anchor tenant occupying at least 70% of GFA forces the facility provider to find a replacement to keep that threshold — a vacancy risk sitting above every subtenant in the building, whether or not that subtenant ever deals with JTC directly.

The entity choice at the front of this page is a B2B decision with real consequences: a company gets limited liability and access to the Enterprise Financing Scheme's SME Working Capital Loan, but also picks up SFRS(I) 16's balance-sheet treatment of the lease itself, which can move a company's own gearing ratios enough to matter on its next bank application — an owner-manager weighing sole proprietorship against incorporation for a single warehouse tenancy is trading personal liability exposure against a real, if usually secondary, accounting consequence, not picking a free option.

The realtor economics

An agent letting you a B2 warehouse needs the same CEA registration through a licensed agency as one selling a condominium — that licensing regime has covered residential, commercial and industrial estate agency work alike since 1 January 2011. There is no CEA-prescribed commission rate for any of it; the market-reported convention on an industrial lease runs at least half a month's rent for a lease of 12 months or less, and about one month's rent for one running up to 24 months, commonly split between the landlord's and tenant's agents where both sides engage one, and paid only once the lease is signed.

Say plainly where the incentive points, including against the agent's own interest in giving you neutral advice: commission is paid on signing, not on you getting a good deal, so an agent's financial interest is in a lease closing quickly at a workable rent, not necessarily the lowest rent achievable, or the shortest term that actually suits your business. MAS and CEA's own joint position, stated directly in a December 2025 letter, is that property agents are barred from acting as financial advisers under the Financial Advisers Act precisely to stop that kind of steering toward whichever outcome pays the agent more — and any yield or rent-growth claim an agent makes to you has to be backed by verifiable comparable data, not asserted.

What is uncertain

Several figures on this page come from commercial listing and advisory guides, not a government page read directly this run: the B2-over-B1 gross-yield premium (reported at 5-7% against B1's 5.5-6.8%) could not be fully reconciled against its originating source and the two ranges simply overlap; warehouse ceiling-height and floor-loading specifications disagree meaningfully between sources and need to be checked against the specific building's structural certification, not a market range; and whether a workers' dormitory carved out of B2 warehouse space sits inside the industrial SSD schedule is a genuinely open question this ledger has not been able to confirm from IRAS directly. None of that changes the mechanics, eligibility or tax treatment set out above, which rest on JTC, URA, IRAS, CEA and MAS's own published rules — but do not treat a specific psf, yield or spec figure on this page as a quote for your unit without a fresh check.

Sources

• URA — Business 2 (B2) development control, zone definitions and allowable uses (2026-06-06) · https://www.ura.gov.sg
• JTC — Subletting industrial premises; approved use and change-of-use framework; transferring a tenancy or lease (2026-09-29) · https://www.jtc.gov.sg
• IRAS — Stamp duty on leases; GST on the sale and lease of industrial property (2026-09-29) · https://www.iras.gov.sg
• SLA — Foreign ownership of property (2025-08-20) · https://www.sla.gov.sg
• CEA — Renting or renting out; no prescribed commission guidance; licensing scope since 2011 (2026-09-29) · https://www.cea.gov.sg
• ACRA — Business entity liability types (2026-01-29) · https://www.acra.gov.sg
• MOM — Work Permit sector Dependency Ratio Ceilings (2026-09-29) · https://www.mom.gov.sg
• SCDF — Fire Safety Certificate process; Fire Code storage-height rule (2026-09-29) · https://www.scdf.gov.sg
• MAS — TDSR and rental-income underwriting haircut; CEA-MAS joint letter on the Financial Advisers Act (2025-12-16) · https://www.mas.gov.sg
• Enterprise Singapore — SME Working Capital Loan terms under the Enterprise Financing Scheme (2026-09-29) · https://www.enterprisesg.gov.sg
• Accounting Standards Council Singapore — SFRS(I) 16 lease accounting (2019-01-01) · https://www.asc.gov.sg

The tenancy agreement for a warehouse of this size is usually drafted or reviewed by a conveyancing solicitor before either side signs, and a caveat can be lodged against the property to record the lease once its term is long enough to qualify. Completion happens when the signed lease and the security deposit have both changed hands, and vacant possession of the warehouse passes to the tenant from that date.