Selling a B1 industrial warehouse

Researched and written 2026-09-29 13:29 SGT · 14 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.

Selling a B1 industrial warehouse is not the mirror image of a residential sale with the numbers swapped. There is no ABSD to worry your buyer, no citizenship tier setting your price, and no CPF anywhere in the chain. What actually sets your price and how fast you get paid is narrower and more mechanical than any of that: the zoning classification and approved use written into the title, how many years remain on the JTC lease if the land is leasehold rather than freehold, and whether the bank your buyer approaches will actually lend against that remaining term. This page works through the mechanics in that order, then the tax, borrowing, renovation, conveyancing and estate questions that follow from them, then the operator's own twelve-question frame applied to an exit rather than an entry. Figures are dated to when I read them; where a government page rendered only navigation on a direct fetch this run, I say so, with sources listed at the end.

The mechanics: what actually sets your price and your buyer pool

URA's own framing, read directly this run: industrial developments comprise factories, warehouses, telecommunication and utility buildings, and the split between B1 and B2 is a split of nuisance profile, not of building type. 'Warehouse' is not a zoning category by itself — the unit you are selling is legally a B1 or B2 use depending on what is actually stored and handled inside it, assessed against NEA's own pollution-control code. If your marketing describes a use wider than the approved use on your title, you are pricing a buyer's problem into your own listing, not a feature.

The single fact that dominates this page more than any other: most industrial land in Singapore, warehouse sites included, sits on a JTC lease of 20 or 30 years, not freehold, and a leasehold factory or warehouse is a decaying asset from the day it was bought, not a renewing one. JTC's own framework treats the 30-year mark as a real cliff — where a lease carries a conditional top-up, JTC reassesses it as the lease approaches that point, and if the top-up is refused the lease reverts to JTC with no compensation for the remaining term. That risk is priced by every bank evaluating your buyer, well before it becomes your problem as a reversion.

A commercial guide's own mechanics, read this run, show exactly how that decay converts into your achievable price. As the remaining lease shortens, banks cap loan tenure at the remaining lease less a 5-to-10-year buffer: 40 years remaining might still support a 30-year loan, 25 years remaining roughly a 15-year loan, 20 years remaining roughly a 10-year loan, and below about 25 years remaining, lending is reported minimal to unavailable — the unit becomes effectively cash-only. Applying Bala's Table to that decay: roughly 88-96% of freehold-equivalent value above 50 years remaining, about 82% at 40 years, about 60% at 30 years, about 48% at 20 years, about 35% at 10 years, with the decay accelerating sharply through the 40-to-20-year band. Below about 30 years remaining the guide reports the buyer pool contracting to cash buyers pricing in the financing obstacle themselves — which means your asking price is not really set by comparable sales, it is set by how much of your buyer pool can still get a loan against what is left of the lease. If your unit's remaining term is approaching either the 30-year or the 25-year mark, that is the number to check before you set an asking price, not after an offer disappoints you.

JTC's own Quarterly Market Report for the second quarter of 2026: island-wide industrial price index 113.8, up 0.6% quarter on quarter and 3.8% year on year; rental index also 113.8, up 0.5% quarter on quarter; occupancy 89.1%. Both indices are built from actual stamped tenancy agreements, not asking prices, and warehouse space makes up roughly 47% of Singapore's industrial stock on JTC's own supply breakdown, against about 53% single-user factory space typically built by an industrialist for its own use. Do not read a single psf figure off a listing portal as your market: September 2026 listings for B2 warehouse sale ranged from about S$101.64 psf for a 245,956 sq ft whole-building warehouse in Gul Circle on a 30-year lease, to S$315-S$609 psf for small strata units of 2,000-3,800 sq ft on 60-year leases in Kaki Bukit and Toh Guan — a roughly six-fold spread driven almost entirely by size and remaining tenure, the same two variables the lease-decay mechanics above already told you to check first.

Eligibility: who can actually buy what you are selling

If the land is JTC leasehold, you do not sell the way a homeowner sells: you, the current lessee, apply for JTC's consent to assign the lease, through JTC's Customer Service Portal, and JTC assesses the incoming buyer's business plan — committed fixed-asset investment, jobs, value-add — before approving the transfer. A transfer is barred outright during the lease's own assignment-prohibition period, and once fewer than 5 years remain on the term. Processing is reported at up to 2 months from a complete application, shortened to about 1 month from 1 May 2026 for a qualifying sale — a smaller site, 15 years or less remaining, a manufacturing-supporting use, adequate infrastructure. If your lease has under 5 years left, read that again: assignment is not merely harder, it is barred, and you need to establish with JTC directly what your actual exit options are before you list the property at all.

Your realistic buyer pool is narrower than 'anyone who can afford it'. A commercial financing guide's own reading: an individual can legally hold industrial property in their own name, but most banks are reported reluctant to lend to an individual buyer of industrial property at all, which pushes real buyers toward a Singapore-registered company with a paid-up capital position and an ACRA business profile matching the unit's approved use. That is not a rule that restricts who may buy your warehouse; it is a fact about who can actually finance buying it, and it means your listing is effectively being shown to companies, not households, however you market it.

The good news on the demand side: nothing about the buyer's citizenship narrows your pool. SLA's own foreign-ownership list, read this run, places 'industrial and commercial properties' on the no-approval side, the same list a condominium unit and a commercial-use shophouse sit on. A foreign individual or a foreign-owned company needs no SLA or Land Dealings Approval Unit approval to buy your warehouse, of any nationality — a wider buyer pool than any residential product on this site carries by construction of the law, not by a special carve-out for your product specifically. No current government page states a blanket rule that a resale B1 or B2 strata unit can only be bought by a bona fide industrialist rather than a passive investor; the real constraint runs through financing and JTC's consent process above, not a standing ownership bar — though check your own unit's title for any minimum-occupation-period condition inherited from its original land sale before assuming that. [⚠ industrial.buyer.no_industrialist_test_2026: sources differ; awaiting a ruling]

Citizenship status: why it barely enters this page

This section is short for the same reason it is short on the buying page for this product: the Residential Property Act does not reach industrial land at all, and Additional Buyer's Stamp Duty, the tax that makes citizenship expensive on a home sale, is a duty on residential property that never applies here, for any buyer profile, Singapore Citizen, PR, foreigner or company. There is no FTA-parity question for US, Swiss, Liechtenstein, Norwegian or Icelandic nationals to close, because there was never a citizenship-based gap here to begin with. The practical effect for you as seller: you are not narrowing or widening your buyer pool by any citizenship variable at all — the variables that matter are the financing and JTC-consent ones above.

Taxes: SSD is yours, BSD and ABSD are not, property tax to the date of sale, GST, and ACD if you are selling shares

Buyer's Stamp Duty and Additional Buyer's Stamp Duty are both the buyer's cost, not yours, and ABSD does not apply to industrial property for any buyer at all. The tax that is yours, and that residential sellers on this site's other pages mostly do not carry once past a four-year taper, is Seller's Stamp Duty on its own, sharper, industrial-specific schedule: 15% in year one, 10% in year two, 5% in year three, nil after a 3-year holding period, computed on the higher of price and market value, for industrial property acquired on or after 12 January 2013. That is a 3-year clock, not the 4-year residential one, and it front-loads more duty into the earlier years than the softer residential taper does. IRAS's own SSD-for-industrial-property page rendered navigation only on a direct fetch this run, so this rests on secondary legal and market guides, not a page read directly today — confirm the current rate with a conveyancing lawyer before pricing an early sale, and if you are inside the three-year window, build the duty into your asking price rather than discovering it at completion.

Property tax runs at a flat 10% of Annual Value on non-residential property, whether you have been occupying the unit yourself or letting it out, with no owner-occupier concession — apportion it to the date of completion with your lawyer as part of the ordinary conveyancing adjustment. GST is a real line if you are GST-registered: the sale of industrial property attracts 9% GST where the seller is GST-registered, charged on top of the price. A whole-business transfer can be excluded from GST under IRAS's transfer-of-business relief, but a seller who simply owns and lets a single warehouse is usually not running a 'going concern' in the sense that relief needs, so do not assume it applies without checking with IRAS or your lawyer first. If the warehouse has been generating rental income, that income has been assessable on ordinary IRAS rules up to the point of sale — the 15% deemed-expense shortcut or actual expenses with five years of records — and any renovation spend you made was capital expenditure, not a deductible repair, which matters when you are computing what you actually cleared on the deal.

One structure specific to how industrial property is often held deserves its own line: if what you are actually selling is not the warehouse itself but the shares of a company that owns it — common where a warehouse sits inside an operating business's corporate structure — Additional Conveyance Duty for sellers does not apply here: ACDS is confined to equity acquired inside the seller's own residential-property-holding structure, and a company holding a B1-industrial warehouse and nothing else is not one. That is worth confirming rather than assuming, and it is easy to get backwards if you are thinking of the deal as 'selling the warehouse' rather than checking what kind of entity you are actually selling shares in.

Borrowing: redeeming your loan, bridging to what's next, and financing your buyer's ceiling

Before your own numbers work, redeem the mortgage on the warehouse itself. A commercial guide reports a standard 2-year lock-in with a 1.5% early-exit penalty as typical on a property loan package; check your own facility's redemption terms, since an early redemption inside a lock-in period is a real deduction from your proceeds that a residential seller several years into a loan may no longer be paying. If you need to complete a purchase of your next property before this sale completes, bridging finance runs at roughly 5.0% to 6.5% a year at the major banks in 2026 — DBS/POSB around 5.5%, OCBC 5.75-6.0%, UOB 5.5-6.0% — with a 0.5% to 1.0% processing fee often waived alongside a new home loan package; some banks allow up to 12 months by exception, and reported terms include no early-repayment penalty on the bridge itself.

Your buyer's financing ceiling is functionally your price ceiling, which is worth restating plainly here rather than leaving it in the mechanics section above. There is no MAS-mandated LTV cap on industrial lending the way there is on a home loan; each bank sets its own limit, commonly reported at 60-80% depending on the borrower's profile and the property's remaining lease, tightening hard as a JTC lease drops under about 30 years. An individual buyer is assessed on TDSR at the ordinary 55% ceiling; a company buyer, which is who most of your realistic buyer pool actually is, is assessed instead on Debt Service Coverage Ratio, commonly a 1.2-1.4x minimum, crediting up to 70% of your unit's gross monthly rent toward serviceable income if it is tenanted. A tenanted warehouse with a clean, current lease is not just easier to market — it is easier for your buyer's bank to underwrite, which is a real, quantifiable reason a sitting tenant can widen your buyer pool rather than complicate your sale.

Reno, A&A, and the seller's version of control: fix compliance before you fix cosmetics

The 60:40 rule is not advisory. JTC and URA both apply it to actual use, not just zoning label: at least 60% of your unit's floor area must be in the approved industrial activity, with the remaining 40% ceiling covering ancillary functions such as offices, showrooms and staff areas. JTC treats a breach as non-negotiable — a Written Direction requiring rectification, and on repeated or serious breaches, lease termination with no compensation. If you have quietly converted more of the unit to office space than the cap allows, or run an unapproved retail or showroom front, that surfaces during your buyer's due diligence and JTC's own consent-to-assign assessment — regularise it before you list, not after an offer is on the table and the buyer's lawyer finds it first.

Where control genuinely pays before a sale: a mezzanine floor is the most common addition-and-alteration for a warehouse, adding storage or office area without expanding the footprint, priced by contractors at roughly S$800-S$1,500 per square metre of new floor area, with a worked example from one contractor's guide showing a 120 sq m mezzanine, staircase and SCDF-certified fire exit completed for about S$87,500, cleared through BCA in 31 working days. Whether that spend actually returns more than it costs at sale depends on whether your buyer pool values the extra usable area at anything close to your unit's per-square-foot price — a question this page cannot answer for your specific building, only flag as the arithmetic to run before committing to the work. Any change to compartmentation, sprinkler coverage or racking height that affects the unit's fire-safety classification can trigger a fresh Fire Safety Certificate submission through a Qualified Person and a Registered Inspector — get that squared away, or at minimum disclosed, before a buyer's own surveyor finds an unresolved fire-code question mid-transaction.

Conveyancing

Ordinary private conveyancing runs about 10 to 12 weeks from signing to completion where a mortgage is involved, at typical all-in legal fees with no government-set schedule. What sits ahead of that ordinary timeline, specific to this product, is JTC's consent-to-assign process where the land is leasehold: you, the seller, file it through JTC's Customer Service Portal, JTC assesses your buyer's business plan, and a qualifying sale gets a one-month decision, others up to two months — run in parallel with the conveyancing itself where possible, but budget for it as a real, separate clock, not a formality your lawyer clears in passing. If the deal is structured as a sale of shares in the company holding the property rather than a sale of the asset itself, your lawyer needs to confirm whether Additional Conveyance Duty for sellers applies to your side of that structure before you sign anything — it is confined to equity in the seller's own residential-property-holding structure, so it should not bite on a company holding only this warehouse, but confirm rather than assume, since it changes your net proceeds materially.

Estate: selling a warehouse you inherited, or that sits inside your own estate plan

If you are executing an estate rather than selling your own property, nothing moves until you have the grant. The Family Justice Courts' own gate: you may apply for a Grant of Probate only where the deceased left a valid will naming you executor; without one, the route is Letters of Administration instead. No BSD is payable on a transfer to a beneficiary by way of assent, and since ABSD never touched this product on the way in, there is no ABSD question to resolve on the way out either — a genuine simplification against the residential pages on this site, where an inherited property's ABSD exemption is itself a whole section.

One question I could not settle from any source this run, and flag rather than guess at: where the land is a JTC lease rather than freehold or a private sub-lease, whether JTC's consent is needed before the lease can be assigned to an executor, a beneficiary, or an eventual buyer as part of an estate sale, the way HDB requires its own approval before a flat changes hands on death. JTC's own subletting and assignment pages address a living lessee's transactions, not a death-triggered transfer specifically, and I found no JTC page addressing the point directly. Raise it with JTC and with a conveyancing lawyer directly if you are administering an estate that holds a JTC-leased warehouse — do not assume either that consent is needed or that it is not.

What selling a B1 industrial warehouse does to your money: the twelve questions

The operator's own frame, applied here to an exit rather than an entry. Q1: were you borrowing to hold it, and are you borrowing again for whatever comes next? Q2: were you letting it out, or occupying it yourself? Those two questions, not citizenship, shaped every choice you made while you held the warehouse, and they shape the arithmetic of getting out of it now.

C0. The play: balance sheet or cash flow?

Cash flow, on the way out just as it was on the way in. A sale converts an illiquid, lease-decaying asset back into cash; there is no redevelopment story or scarcity premium propping up the price the way a landed house or a GCB can carry one. What you actually realise tracks the rent or operating margin the unit could support for your buyer, discounted for however many years are left on the lease.

C1. Balance sheet: what selling does to what you own and what you owe

The asset comes off your balance sheet, the outstanding loan is cleared from your liabilities, and whatever gap remains between sale proceeds and the loan redemption, after SSD if you are inside three years and any early-redemption penalty, becomes cash or a shortfall. If the unit was JTC leasehold, the balance-sheet entry you are removing was itself depreciating on a fixed clock — selling before that decay eats further into your achievable price is, for many sellers, the actual reason for the sale.

C2. Cash flow: what actually moves, and when

Proceeds are not simply the sale price. In order: the outstanding loan is redeemed first, with any early-redemption penalty inside a lock-in; SSD is due within 14 days of the sale if you are inside the three-year window; agent's commission and legal fees come out next; GST if you are registered and the transfer-of-business relief does not apply; and only then does cash actually reach you. Model that order before you accept an offer, not after — a headline price that clears your loan comfortably can still leave less in hand than you expected once SSD and commission are subtracted.

C3. P&L: what it does to profit, which is not cash

Singapore has no general capital gains tax, so a straightforward disposal gain on the property itself is not, on its own, taxed as income the way rental income was while you held it. What does hit the P&L on the way out is any rental income earned up to the date of sale, taxed on the ordinary rules, and GST if you are registered and it applies. If the disposal is structured as a company share sale rather than an asset sale, Additional Conveyance Duty for sellers is confined to equity in a residential-property-holding structure, so it should not bite on a company holding only this warehouse — confirm rather than assume, since if it did apply it would be a duty, not a profit-tax question, reducing your net proceeds directly rather than appearing as taxable income.

C4. Carry: what happens to it the moment you sell

Carry simply stops. If you were letting the unit out and running positive carry, that income line ends the day the sale completes, and so does the financing cost against it. If you were occupying it yourself and running negative carry by construction, selling removes that negative line from your own cash flow — which is, for an owner-occupier whose business has moved on, often the whole point of the exit, not a side effect of it.

C5. Give and get: the trade, stated plainly

You give up whatever redevelopment, tenant-relationship or use-approval position you had built into the unit, and you give up SSD if you are inside the three-year window — Additional Conveyance Duty is confined to sellers of equity in a residential-property-holding structure, which a company holding just this warehouse is not, so it should not be part of what you give up here. You get cash, the end of any negative carry if you were occupying it yourself, and release from a decaying JTC lease's own reversion risk if the land was leasehold — a risk that only grows the longer you hold rather than sell.

C6. Exposed to: what can move against you between listing and completion

• Your buyer's financing ceiling shrinking further if the JTC lease crosses the 30-year or 25-year threshold while your listing is live.
• JTC declining or delaying consent to assign, especially inside the assignment-prohibition period or under 5 years remaining on the lease.
• An unregularised 60:40 breach or unapproved use surfacing during due diligence and stalling the sale.
• GST or ACD exposure discovered late because the deal was structured as a share sale rather than an asset sale.
• A thin buyer pool, since most of it is companies working through their own bank's credit process, not individuals with cash in hand.
• An early-redemption penalty on your own loan eating into proceeds you had already budgeted as clear cash.

C7. For how long: the horizon that decided your SSD exposure

Three years, on industrial property's own SSD schedule — a shorter and sharper clock than a home's four-year taper. If you are close to that three-year mark, the arithmetic of waiting a few more months to clear the 5% year-three band, or to escape SSD entirely, is worth running explicitly against the cost of continuing to carry the unit, whatever that carry looks like for you.

C8. Failure cascade: how a badly timed sale goes wrong, in order

It starts with negative carry — an owner-occupier whose business has shrunk, or a landlord whose tenant has left and the unit sits vacant in a specialist market. That hits cash flow directly, since there is no CPF cushion anywhere in this product. Sustained, it accumulates into P&L losses that cannot offset other income. Then it forces a sale into whatever market conditions happen to exist at that moment, rather than one you chose — and if the JTC lease has decayed further in the meantime, the buyer pool able to finance a purchase has narrowed too, compounding a forced seller's weak negotiating position with a genuinely thinner set of buyers. That compounding, a shrinking buyer pool meeting a seller with no more time, is this product's specific version of the illiquidity step in the cascade.

C9. Liquidity: how fast this becomes cash, and at what haircut

Slower than a home, and slower again as the lease decays. JTC's own occupancy figure, 89.1% in the second quarter of 2026, implies a real but not overwhelming pool of tenants and buyers active at any time; JTC's consent-to-assign process adds one to two months on top of ordinary conveyancing if the land is leasehold; and a unit with heavy bespoke fit-out, a mezzanine built for one specific operation, or an approved use that does not match common demand narrows the realistic buyer pool further still. No sourced figure for typical days-on-market specific to a warehouse was found this run; treat the exit as directionally slower and more conditional than a residential sale, without a precise multiplier to quote a client.

C10. Control: what you can still move before you sell

More than you might think, and almost entirely about compliance rather than cosmetics. You can regularise a 60:40 breach, confirm and document your approved use, resolve an open fire-safety-certificate question, and choose an exclusive listing (sole agent, up to three months, with a three-month tail on commission for buyers introduced during it) against a non-exclusive one where you can run several agents at once. What you cannot move is the zoning classification itself, or the number of years left on a JTC lease — those are set by NEA, URA and JTC respectively, not by anything you do to the unit.

C11. The exit: how you actually get out, and what it costs

Sell outright: JTC's consent-to-assign if leasehold, SSD if inside three years, agent's commission, legal fees, and the proceeds order in C2 above. Sell the company instead of the asset: the same steps, but not Additional Conveyance Duty on your side of the share deal — ACDS is confined to equity in a residential-property-holding structure, and a company holding just this warehouse is not one; confirm rather than assume. Continue holding and let it out: the exit deferred, with the lease continuing to decay regardless. Pass it on: the estate mechanics above, with the JTC-consent-on-death question genuinely unresolved on what I could find this run.

The B2B spoke: who you are actually negotiating with

On most of this site's residential pages, the buyer on the other side of the table is a household. Here, on the sourcing above, it is almost always a company — either an operating business buying its own premises, part of the roughly 53% of industrial stock JTC reports as single-user factory space built by an industrialist for its own use, or an investment vehicle buying to let, against the roughly 47% warehouse share of the same supply. That has direct consequences for how a sale actually runs: your counterparty's own lawyers and finance team are doing real due diligence on the approved use, the remaining lease and the unit's DSCR feasibility for their bank, not deciding on how the space feels to stand in. And because TDSR, the individual-income rule, is exempt for a company borrower, your buyer's financing constraint is a bank's own credit assessment of the operating business behind the loan, not a personal income ceiling — a materially different negotiation than a residential sale, where the buyer's own payslip is frequently the binding constraint.

The realtor economics: what the agent earns, and where the incentive points

CEA sets no fixed commission and no prescribed guideline for any property type; the fee is whatever the Prescribed Estate Agency Agreement says before the agent starts marketing, and an agent may not collect commission from more than one party in the same deal. Commercial and industrial commission, the category your sale sits under, is reported at roughly 1% to 2% of price by one market guide and 2% to 6% by another covering commercial deals broadly — both above the roughly 1% to 2% typical on a residential resale, reflecting the heavier due-diligence and marketing workload of a commercial sale. An exclusive agreement appoints one agency for up to three months; you stay liable for commission if the property sells through another agent during that period, and liability extends a further three months after it for buyers introduced while it ran. CEA's own consumer commission guidance page is written for residential letting and sale specifically and does not mention commercial or industrial property at all — but CEA's licensing scope is wider than that one page: estate agency work on residential, commercial and industrial property alike has needed a CEA licence since 1 January 2011, so your agent still has to be registered and paid through a licensed agency, even though the specific consumer conventions CEA states in writing are framed around a home sale, not yours. [⚠ shophouse.commission.commercial_norm_2026: sources differ; awaiting a ruling]

The incentive point worth naming against yourself, not just against the agent: a seller's agent is paid on the price you sign for, once, at completion — not on whether that price was actually financeable for the realistic buyer pool given your unit's remaining lease and approved use. An agent under pressure to win an exclusive mandate has a real incentive to quote you an optimistic asking price to get the listing, then spend the exclusive period discovering, the way the financing mechanics above already told you, that a shrinking pool of buyers can actually clear it. If your agent's suggested price does not visibly account for where your unit sits on the lease-decay curve in C6 and C9 above, ask them to show their work before you sign an exclusive agreement, not after three months of a listing that never moved.

What is uncertain

• Whether the industrial-specific SSD schedule, 15%/10%/5% over three years, is still current; IRAS's own SSD-for-industrial-property page rendered navigation only on a direct fetch this run, so this rests on secondary legal and market guides, not a page read directly today.
• Whether JTC's consent is needed to assign a JTC lease to an executor, a beneficiary or a buyer as part of an estate sale, the way HDB requires its own approval on a flat. No JTC page addressing assignment on death was found.
• Where the boundary sits between an ordinary asset sale of the warehouse and a share sale of a property-holding company for Additional Conveyance Duty purposes — the rate and holding-period clocks are clear, but this page did not confirm from IRAS directly which structures trigger it for a single-property holding company specifically.
• A typical days-on-market or time-to-sell figure specific to warehouses; no government or market source gave one this run, so C9 above is directional, not a number you can quote a client.
• Whether a bank actually caps loan tenure at the remaining JTC lease term in the exact way the shortlease mechanics guide describes; no bank's own published policy confirming this was found.
• Whether a blanket rule still requires a resale B1 or B2 strata buyer to be an operating industrialist rather than a passive investor; no current government page stating such a rule was found, but individual developments may carry their own title conditions from the original land sale that this page cannot rule out for any specific unit.

Related pages

Sources

• URA — Business 2 (Industrial) — Introduction (2026-06-06) · https://www.ura.gov.sg/Corporate/Guidelines/Development-Control/Non-Residential/B2/Introduction
• SLA — Foreign Ownership of Property (2025-08-20) · https://www.sla.gov.sg/regulatory/foreign-ownership-of-property/
• JTC — Enhancements to the Industrial Land Lease Framework (2025-03-06) · https://www.jtc.gov.sg/about-jtc/news-and-stories/press-releases/mti-committee-of-supply-2025-enhancements-to-the-industrial-land-lease-framework
• JTC — Subletting your premises (2025-05-13) · https://www.jtc.gov.sg/get-help/managing-your-tenancy-or-lease/subletting-your-premises
• JTC — Quarterly Market Report: Industrial Properties, Second Quarter 2026 (2026-07-23) · https://stats.jtc.gov.sg/content/static/Documents/JTC%20Quarterly%20Market%20Report%202026Q2.pdf
• IRAS — Additional Buyer's Stamp Duty (ABSD) (2026-09-29) · https://www.iras.gov.sg/taxes/stamp-duty/for-property/buying-or-acquiring-property/additional-buyer's-stamp-duty-(absd)
• IRAS — Seller's Stamp Duty (SSD) for Industrial Property (2026-09-29) · https://www.iras.gov.sg/taxes/stamp-duty/for-property/selling-or-disposing-property/seller's-stamp-duty-(ssd)-for-industrial-property
• IRAS — Property Tax Rates and Sample Calculations (2026-09-28) · https://www.iras.gov.sg/taxes/property-tax/property-owners/property-tax-rates
• IRAS — Real Estate — GST (2026-09-29) · https://www.iras.gov.sg/taxes/goods-services-tax-(gst)/specific-business-sectors/real-estate
• IRAS — Additional Conveyance Duties (ACD) (2025-07-04) · https://www.iras.gov.sg/taxes/stamp-duty/for-property/buying-or-acquiring-property/additional-conveyance-duties-for-buyers-(acdb)-and-sellers-(acds)
• MAS — Total Debt Servicing Ratio for Property Loans (2021-12-16) · https://www.mas.gov.sg/regulation/explainers/total-debt-servicing-ratio-for-property-loans
• CEA — Buying or Selling (2026-09-29) · https://www.cea.gov.sg/consumers/engaging-a-property-agent/buying-or-selling/
• Family Justice Courts — Apply for probate (2026-06-15) · https://www.familyjusticecourts.gov.sg/probate
• ZeroABSD.com (commercial market guide) — Industrial Property Short Lease Mechanics and Bala's Table (2026-09-29) · https://www.zeroabsd.com/guides/ssd-rates-singapore-2026.html