Most industrial land in Singapore is sold on 30- or 60-year leases. A new freehold B2 launch breaks that pattern — and that scarcity is the story.
Singapore’s industrial estates are overwhelmingly leasehold. The state releases most industrial land through JTC and the URA on tenures of 30 to 60 years, and even strata factory units tend to inherit that ticking clock. For an owner-occupier, that means the asset on the balance sheet steadily depreciates toward zero; for an investor, it means a narrowing window in which to exit before the lease decay accelerates.
That backdrop is exactly why KeyStone @ Mandai stands out. As a freehold B2 ramp-up development, it removes the lease-decay problem entirely — the land can be held and passed on across generations without the value erosion that defines almost every competing industrial product.
B2 zoning under the URA Master Plan covers general and heavier industrial use — manufacturing, assembly, processing, warehousing and a wider band of trades than the lighter B1 category. The practical effect is flexibility: a B2 unit can host uses that a B1 unit cannot, which broadens the tenant and buyer pool. You can review the approved trade list and full specifications on the project details page.
New freehold B2 supply is close to non-existent because the underlying freehold industrial land almost never comes to market. When it does, redeveloping it into a modern, ramp-up building — rather than flipping it — is a long-term bet on industrial demand. That is the bet the team behind the KeyStone Mandai developer has made.
For buyers weighing tenure against price, the indicative figures on the pricing page put the freehold premium in context, and the balance units chart shows which floors and sizes remain. If freehold tenure is the deciding factor for your operation, the freehold development at 2C Mandai Estate is worth a closer look.
Information is general in nature and based on developer materials, subject to change and final survey. It does not constitute legal, tax or financial advice.
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