What a six-year rent run does and does not say about yield, holding costs and exit.
Published
Small strata blocks are easiest to judge when you start with the count. KeyStone @ Mandai offers 69 units across 10 storeys, and that single figure shapes almost everything a buyer or tenant will experience day to day.
Of the 69 units, 68 are factory units and one is a canteen. The split matters because the canteen is a shared amenity, not a production space. Sixty-eight owners or occupiers share one food outlet, so the building is built around working crews rather than visitors.
A short roster also means fewer neighbours. Fewer neighbours tends to mean fewer competing voices on management decisions, though every strata block still depends on how well its owners cooperate.
Unit sizes run from about 1,647 to 2,045 sqft. That is a gap of roughly 400 sqft between the smallest and largest, which is narrow for an industrial block. A tight band suggests the units were planned for a similar kind of occupier: a light manufacturer, a trade business or a distributor that wants a defined footprint rather than a sprawling floor.
The units are column-free, so the usable area is closer to the stated area than it would be in a layout broken up by pillars. Walk through one and check how your racking, benches or machines would sit.
Ten levels sounds tall until you remember the building is a B2 ramp-up block, with vehicle access reaching every floor. Ramp-up access means a lorry or van can reach the unit rather than relying on a shared goods lift for each delivery. For a block of this size, that is the feature to test first against your own loading routine. The project details page lays out the specifications.
The estimated TOP date is 31 December 2028, and legal completion is set for 31 December 2031. Those are three years apart, so a buyer should plan around both, because the first governs when the building can be used and the second governs when the paperwork closes out. The site shows the latest unit sold on 14 July 2026, and the project remains on sale.
One more number: freehold. KeyStone @ Mandai sits at 2C Mandai Estate, Singapore 729900, in District 26, and its tenure is freehold. There is no lease clock running down, which simplifies one part of holding the asset. Developer Bayswood Pte Ltd, under the Unitedland Development group, is behind the project.
What the numbers leave out. Counts and sizes describe a building, not a business. They will not tell you how your product moves, how many staff you need on a shift or how much storage you will want in two years. Treat them as a filter that narrows the field, then test the shortlist against how you actually work.
Lay the figures side by side with your own requirements: floor area, vehicle access, timeline. Then, if the shortlist still includes KeyStone, ask the team for the current unit availability and a walk-through of the plans.
General information only, not financial or legal advice.