A freehold B1 (clean) industrial development in Singapore's established Tai Seng precinct — held in perpetuity, built for the way modern businesses work. Expected completion 2028.
Freehold industrial of this calibre rarely reaches the open market. Register your interest in Space Nova to receive these ahead of public release:
Last updated: June 28, 2026. Dates reflect genuine content updates.
Space Nova is a freehold B1 (clean) industrial development at 21 New Industrial Road, in one of Singapore's most established city-fringe industrial precincts. Developed by JVA NIR Pte Ltd, the estate brings together perpetual freehold ownership, efficient ramp-up access and a compact collection of 47 strata units — a combination that is increasingly rare in a market dominated by short-tenure leasehold launches.
For owner-occupiers and investors alike, the appeal is straightforward. Freehold industrial land in Singapore is finite and seldom released, and a well-located freehold address like Space Nova lets a business plant roots without the lease-decay clock that shadows most industrial property. Expected completion is targeted for 2028. Explore the full project details, study the freehold advantage, or register your interest to receive the brochure first.
Watch a short walkthrough of Space Nova — the freehold B1 (clean) industrial development at 21 New Industrial Road in District 14. For unit layouts and availability, see the floor plans and balance units chart, or register your interest to receive the full marketing pack.
The strongest argument for Space Nova is simple arithmetic: Singapore is not making more freehold industrial land. The overwhelming majority of new industrial sites are released on 30- or 60-year leasehold tenures under JTC and government land sales, which means their value erodes measurably as the lease runs down. A freehold title at 21 New Industrial Road sidesteps that decay entirely.
That scarcity has historically translated into resilient demand. Freehold industrial assets in mature, well-connected precincts tend to hold value and attract a deeper buyer pool on resale, precisely because so few exist. For an owner-occupier, the same quality means a permanent operating base; for an investor, it means an asset class with a built-in supply constraint.
Space Nova also sits in a precinct with genuine redevelopment history and momentum. The 21 New Industrial Road site itself came to market through a collective sale process, reflecting the long-running developer interest in city-fringe freehold parcels. As the wider Paya Lebar and Tai Seng district continues to transform, quality industrial space close to residential catchments and transport nodes is positioned to stay in demand. Review the freehold advantage in full, or weigh it against the location fundamentals.
Everything about Space Nova is built around a single, durable proposition — freehold ownership of a modern B1 industrial unit in an established Singapore precinct. The development occupies a regular site of roughly 36,257 square feet, zoned B1 (clean) industrial, which suits light and clean manufacturing, technology, research, warehousing and a wide range of business uses permitted under URA guidelines.
The estate is configured as a compact collection of 47 strata units served by 23 carpark lots, with a partial ramp-up design that lets vehicles drive up to selected units for direct, efficient loading. Generous floor-to-floor heights make room for mezzanines, racking and machinery, and a limited number of coveted ground-floor units offer direct ground access. See the site plan and floor plans for the full configuration.
Space Nova is developed by JVA NIR Pte Ltd, the entity behind this freehold B1 industrial project at 21 New Industrial Road. The development reflects a focus on durable, functional industrial space rather than short-cycle leasehold product.
Singapore's industrial buyers increasingly look past the launch and toward the tenure, the build quality and the long-term hold. A freehold title is a statement of intent — it signals an asset designed to be owned, used and passed on rather than simply leased for a fixed term.
The 21 New Industrial Road parcel reached the market through a collective sale process, a route that has historically drawn developer interest precisely because freehold city-fringe land is so seldom available. That heritage gives the site a redevelopment pedigree that few new industrial launches can claim.
For owner-occupiers, the developer's choice of a B1 (clean) zoning opens the estate to a broad spread of business uses — light manufacturing, technology and research, clean assembly, e-commerce fulfilment and warehousing among them.
For investors, the same combination of freehold tenure and flexible zoning widens the future tenant and buyer pool, supporting both rental resilience and resale liquidity in a constrained-supply asset class.
Read the full developer background, then compare it against the freehold advantage and the broader location story before you register your interest.
Read more about the developer →
The defining feature of Space Nova is its freehold tenure — an estate in fee simple, owned in perpetuity, with no lease-decay clock counting down in the background.
In today's industrial market, the contrast is stark. Most new industrial developments are sold on leasehold terms, frequently as short as 30 years, after which the asset reverts. Freehold industrial launches have become genuinely uncommon, and they almost never appear in mature estates like Tai Seng.
For businesses, perpetual ownership means certainty. A company can build out its headquarters, factory, storage or logistics base without the looming question of what happens when a lease expires — and without financing constraints that tighten as a lease shortens.
For investors, scarcity is the value driver. As industrial land availability stays limited and tenures shorten across new releases, freehold assets in well-connected locations are positioned to remain sought-after on both the leasing and resale markets.
Freehold also tends to support cleaner financing. Lenders generally view a freehold or long-tenure industrial asset more favourably than one with a rapidly depleting lease, which can matter at the point of purchase and refinancing.
Understand the full picture on the freehold advantage page, then see how it pairs with the Tai Seng location and site design.
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Full details for Space Nova are released privately to interested parties. To view the development and receive the brochure, register for a showflat appointment with our marketing team.
Freehold industrial of this calibre rarely reaches the open market, and the indicative price guide is shared personally with qualified parties rather than published. Registering early puts you ahead of the public release.
At the appointment, you will be able to walk through the unit configurations, understand the ramp-up access and ceiling heights, and discuss which stack and floor best fits your operational needs — from ground-floor loading to upper-level production or storage.
Our team can also walk you through the buyer's stamp duty and GST treatment for industrial property, the progressive payment scheme for buildings under construction, and industrial financing considerations.
Whether you are an owner-occupier securing a permanent base or an investor adding a scarce freehold asset, the appointment is the fastest way to get the complete, current picture.
Book through the showflat appointment page, or reach us directly via contact. Viewings are by appointment only.
Book a showflat viewing →Location does heavy lifting for any industrial asset, and Space Nova sits in one of the better-connected pockets of the island. The site lies at the edge of the Tai Seng precinct beside the Bartley flyover, with dual road frontage to New Industrial Road and Lim Teck Boo Road that aids both access and visibility.
For staff, the development is within reach of Tai Seng and Bartley MRT stations on the Circle Line, widening the talent catchment and easing the daily commute — a real advantage for businesses that struggle to draw workers to remote industrial estates. For goods and logistics, quick links to the PIE, KPE and CTE expressways connect the estate to Changi, the CBD, Jurong and the wider industrial clusters.
The surrounding Tai Seng ecosystem — technology firms, food manufacturers, logistics operators, corporate offices and service providers — supports supply-chain efficiency and day-to-day convenience, while nearby residential estates including Bartley, Bidadari, Serangoon and Woodleigh deepen the workforce pool. Explore the full amenities and location breakdowns.
Owned in perpetuity with no lease decay — rare among Singapore industrial developments and the core of the investment case.
Drive up to selected units for direct, efficient loading and unloading without congestion.
Generous floor-to-floor heights leave room for mezzanines, racking and machinery.
A limited number of coveted Level 1 units offer direct ground access — see the floor plans.
Front-entry and rear-exit vehicle flow keeps the estate moving without bottlenecks.
A mature Tai Seng location with MRT access, expressway links and a deep business ecosystem.
The Space Nova location places businesses at the intersection of Upper Paya Lebar Road and Bartley Road East, with the Bartley flyover providing fast onward connections. Dual frontage to New Industrial Road and Lim Teck Boo Road improves both access and signage visibility for occupiers.
The Tai Seng precinct has matured into a genuine business district, home to industrial buildings, corporate offices, technology companies and food manufacturers. That clustering supports collaboration and supply-chain efficiency, while the city-fringe position keeps central Singapore within easy reach.
No obligation. We respond personally to every enquiry — the Space Nova brochure and indicative price guide are shared with qualified parties.
Space Nova is a freehold B1 (clean) industrial development at 21 New Industrial Road in District 14, Singapore, developed by JVA NIR Pte Ltd. It offers 47 strata industrial units with an expected completion in 2028.
Yes. Space Nova is held on a freehold tenure (estate in fee simple), which is rare among Singapore industrial developments, where most new launches are sold on 30- or 60-year leasehold terms. Read more on the freehold advantage page.
Space Nova sits at 21 New Industrial Road in the established Tai Seng industrial precinct, beside the Bartley flyover. It is within reach of Tai Seng and Bartley MRT stations on the Circle Line and close to the PIE, KPE and CTE expressways. See the location page.
Space Nova comprises 47 strata B1 industrial units with 23 carpark lots, designed with partial ramp-up access, high floor-to-floor ceilings and a limited number of ground-floor units. See the floor plans and site plan.
Yes. Unlike residential property, B1 industrial units such as those at Space Nova may be purchased by individuals, Singapore-incorporated companies and certain foreign entities. Industrial property does not attract Additional Buyer's Stamp Duty (ABSD), though GST may apply where the seller is GST-registered — see stamp duty & GST.
Expected vacant possession for Space Nova is targeted for 2028. Register your interest to receive completion updates and the project brochure as they become available.
Freehold industrial like Space Nova rarely comes to market. Register now to receive the brochure, indicative price guide and balance units ahead of public release.