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Feature – Science Parks Space For Rent

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Feature – Lab-cum-office For Rent @ City-fringe

 

 

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Quality Office @ Singapore Science Parks For Rent

Science Park is a research, development and technologies hub located at the west zone of Singapore. It is managed by Ascendas and is ideal for R&D activities ranging from wet laboratory to software development and IT-related trade.

Location: Close to key research and tertiary institutions (eg. National University of Singapore – NUS and National University Hospital – NUH), and One North Bio-medical and Innovation Centre. Science Park I is close to Kent Ridge MRT while Science Park II is near to Haw Par MRT.

Science Park I & II Office For Rent:

Science Park 1 buildings for rent includes the following:

• Geneo (1/ 1A/ 1B/ 7  Science Park Drive at Science Park I ) – Next to Kent Ridge MRT
• Ascent (2 Science Park Drive at Science Park I)
• Rutherford (89 Science Park Drive at Science Park I)
• Franklin (1 Science Park Drive at Science Park I)
• Cintech I / II/ III (73 Science Park Drive at Science Park I)
• Chadwick/ Curie / Cavendish (85 Science Park Drive at Science Park I)

Science Park 2 buildings for rent includes the following:

• Alpha (10 Science Park Road at Science Park II)
• Aries (51 Science Park Road at Science Park II)
• Gemini (41 Science Park Road at Science Park II)
• Capricorn (1 Science Park Road at Science Park II)
• Teletech (20 Science Park Road at Science Park II)
• Galen (61 Science Park Road at Science Park II)
• Kendall (50 Science Park Road at Science Park II)

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Types of spaces available at Science Parks : Office & Laboratories

 

There are 2 types of spaces for rent in Science Park:

• Office units (IT-units & Converted Unit)
• Research units (For Lab-cum-office purpose)

– IT-unit is space that are usually fitted with false ceilings, lights, and centralized air-conditioner. It is suitable for office usage for IT-related companies.

– Converted Unit (CU) is previously a “Research Unit (RU) which has been pre-equipped with independently controlled air-conditioning, ceiling board, light fittings and carpet. This type of converted unit is good for quick start-up of dry IT companies.

– Research unit (RU), on the other hand, come as empty space or bare shells with fire sprinkler, floor trap, dedicated exhaust duct space, and chilled water provision. It is suitable for company that would like to have a wet/dry lab with office area.

By renting  business space in Science Park, tenants can save some rental costs (as compared to commercial building office) and start operations immediately without much down-time. Some of these buildings have nice lounges and open sitting area for discussion purposes. Many of these buildings in Science Park II have been recently refurbished for new modern look. Tenants are expected to renovate and furnish the office unit according to their specifications within the rent-free fitting-out period given by the landlord. 

 

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How does typical office for rent looks like @ Science Parks?

Fitted with false ceilings, lightings and aircon

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How does typical lab space for rent looks like @ at Science Parks ?

 

Mostly comes in bare shell condition and are fitted with fire sprinkler, floor traps, and dedicated exhaust duct space. Chilled water available for tapping. Some R&D units at Science Park building do comes with Shell+ concept. It is an option to equip the lab space with subsidy by the landlord and the total costs will be amortized over the lease duration on top of rent. This option will give prospective tenant flexibility to minimize the initial capital investment to retrofit the lab space.

 

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How much does Office & Lab Rental in Science Park Singapore cost?

 

Science Park office rental is one (possibly) the most affordable ways to set up a strategically positioned tech-office or laboratory. Generally, Science Park office and lab unit asking rental rates range between $4.20 to $4.70 psf per month. At these rates, it translates to a price that is 40% to 60% cheaper compared to commercial office buildings at CBD area, which has commanding price range of $8 – $12 psf, provided your company’s trade can qualify for the business park usage. 

The upcoming newer buildings at Geneo life sciences and innovation cluster @ Science Park 1 where there will be retail and serviced residence component have asking rental of $6.80 (for bare shell lab) to $7.20 psf (for IT office and wetlab ready unit). 

 

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Science Parks Rental Rates Guide

District	Project	Price psf/month (S$)	Remarks
5 (Science Park 1)	Ascent @ 2 Science Park Dr	6.80	Sizes fr 1000 - 35,000 sft. Limited space available
5 (Science Park 1)	Geneo (1 Science Park Dr)	$7.20	TOP 2025. Wet-lab ready and IT office units available. Large size from 18,000 sft & above
5 (Science Park 1)	Geneo (1A Science Park Dr)	$6.80 - $7.30	TOP 2025. Only Research Lab unit is available. Size From 5K - 35K sft.
5 (Science Park 1)	Geneo (1B Science Park Dr)	$6.90	Large Wet-lab ready units only. TOP 2025. Size Fr 26K - 35K sft.
5 (Science Park 1)	Geneo @ 7 Science Park Dr	$7.20 - $7.50	Only IT office units available. Size from 2000 - 35K sft.
5 (Science Park 1)	Rutherford @ 89 Science Park Dr	4.50	Research unit. Sizes fr 1500 - 7500 sft.
5 (Science Park 1)	The Franklin	4.20	Limited space available
5 (Science Park 1)	Cintech I/II/III @ 73 Science Park Dr	4,70	IT office unit only. Sizes fr 700 - 13000 sft
5 (Science Park 1)	Cintech IV @ 79 Science Park Drive	4.50	Research Unit from 1700 - 20,000 sft
5 (Science Park 1)	Chadwick/Curie/Cavendish @ 85 Science Park Dr	4,20	Office unit only. Sizes fr 1000 - 5000 sft
5 (Science Park 2)	The Alpha @ 10 Science Park Rd	4.30 - 4.70	IT and Research units available. Sizes fr 800 - 40000 sft
5 (Science Park 2)	The Gemini (41 Science Park Rd)	4.30 - 4.50	Research units. Sizes from 800 - 10000 sft
5 (Science Park 2)	The Aries @ 51 Science Park Rd	4.30 - 4.50	Research units. Sizes from 1000 - 3500 sft
5 (Science Park 2)	The Capricorn @ 1 Science Park Rd	4.60	IT and Research units available. Sizes fr 1000 - 5000 sft
5 (Science Park 2)	Teletech Park @ 20 Science Park Rd	4.70	IT-unit. Sizes fr 1000 - 10000 sft
5 (Science Park 2)	The Galen @ 61 Science Park Rd	4.70	Research unit. Sizes fr 1000 - 50000 sft
5 (Science Park 2)	The Kendall @ 50 Science Park Rd	4.70	Research unit. Sizes fr 2000 - 3200 sft

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One-North Business Park Rental Rates Guide

District	Project	Price/psf/mth (S$)	Remarks
5	Nexus @ Fusionopolis	6.30 - 6.50	Business Park & Pure office for rent. Suit Bio-research & physical science, electronics & technology company.
5	Galaxis @ Fusionopolis	6.00 - 6.30	Business Park & Pure office for rent. Suit Bio-research & physical science, electronics & technology company.
5	Solaris @ Fusionopolis	6.00 - 6.80	Research unit. Award winning project. Sizes fr 3000 - 20000 sft.
5	Razer @ One-North	5.65	Business Park Fr 3800 - 31,000 sft. Suitr IT or technology related industry. Sheltered 6 min walk to One North MRT. Sublet fee applies for > 10K sft
5	Nucleos @ Biopolis	6.80 - 7.00	Research unit for Bio-medical trade. Sizes fr 1000 - 8000 sft.
5	Neuros/Immunos @ Biopolis	6.80 - 7.00	Research unit for Biomedical. Suit Bio-research & physical science company.
5	Amnios @ Biopolis	7.00 - 7.50	Biomedical R&D usage. Office Size from 10000 sft.
5	Synapse / Amnios @ Biopolis	7.00 - 7.50	Biomedical R&D usage. From 2400 - 10000 sft.
5	Infinite Studios @ Mediapolis	4.80	Business Park and office-type unit available. Fr 1500 - 6000 sft
5	Alice @ Mediapolis	4.70 - 5.50	Suits SMEs in InfoComm, Media, Physical Science and Engineering R&D industries. Launchpad graduates & SME enjoy rental subsidy. Sizes from 1000 - 45000 sft.

 

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Map of Singapore Science Park Office and Laboratory Space For Rent

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Science Park Office and Lab Rental Procedures :

• Lease Term : Typically 3 – 5 years lease (Renewal options is available)
• Security Deposit : 3 months (subject to certain paid-up capital)
• Advance Rental : 1 month
• Rent-free fitting-up period : Typically 1 month (Depending on size and rental rates)
• Government approval required : NEA and/or SCDF ( Approx 2 weeks – 1 month)

 

Science Park office rental is generally based on 3 + 3 renewable lease term lease with 3 months deposit and 1 month advance rental. Prospective tenants have a wide variety of buildings to choose from depending on their trade requirements. Some of the buildings in Science Parks are designated only for Infocom (IT-related trade), while some buildings provides wet or dry laboratory space for research purposes (Bio-medical & Science activities). 

Please note that NEA clearance and approval for the usage of the space in Science Park and One North buildings is required. Do work out carefully on the timeline required for tenancy paper work, NEA approval process (that will take at least 14 working days or more), and renovation period before your company can start operating from the premise. It is very important to outline your space requirements right from the start to ensure efficient sourcing of suitable space.

Most of the times, landlord will give a rent-free period of 1 month (commonly known as fitting-up period). The length of this rent-free period also depends on the rental amount agreed and the length of the lease term. Tenants are allowed to partition the space into small office rooms, meeting or conference rooms, pantry, etc as long as the renovation doesn’t violate fire safety under SCDF (Singapore Civil Defence Force rule). Please note that upon expiry of the lease, the tenants are required to reinstate the unit into its original condition.

You are welcome to call our enquiry hotline for discussion about the office or lab space rental requirement. Our staff will then propose you several options office or lab for rent in Science Park. A viewing of the actual units will then be conducted on the agreed date and timing.

 

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Why Science Park is a sought after location for Technology and R&D companies?

As a software, Infocom, research, laboratory or technology-related business owner, you have to position your office at a spot that is most advantageous to your business. Science Park Singapore is the perfect spot for technology driven firms in light of the fact that it is the meeting point of tech professionals in Singapore due to its proximity to NUS and One-North Technology & Innovation Centre. Business owners can easily collaborate with experts of the industry, professors, and students to advance their research and create solutions that one of the most advance in the industry. This kind of collaborations with conducive working environment are rare opportunities that give many companies an advantage to be based in Singapore Science Park compared to any other country in Asia.

Science Park can give you the kind of unique exposure to the world and put your business at the forefront of thousands of potential customers.

As a matter of fact, even start-up tech companies can choose to rent office in Science Park including laboratory from as small as 500 sft at rental rates that are 30% – 50% cheaper than office in CBD ($8 – $12). Generally, the office units in Science Park for rent come with pre-fitted ceiling boards and lights. Also, the office units are aired by either independently controlled or centralized AC unit. On the other hand, the laboratories for rent in Science Park mostly come in empty shells without fittings. It is a bare unit with floor trap and exhaust to suit most laboratory requirements. Tenants generally are required to fit-up their own lab requirements that are approved by SCDF. Alternatively, a request can be made to landlord to fit-up the space for a certain amount.

 

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The Unique Opportunity By Renting Office space in Science Park Singapore

As a start-up business owner, opportunity to collaborate with NUS professors, students, and tech engineers create a niche that you can benefit tremendously as a business owner. The ease of doing business cooperation on the established name of Science Park Singapore is certainly a strong pull factor. Existing tenants can also include the address of Science Park Singapore in their company’s profile lending credibility for online search.

Furthermore, the proximity of Science Park Singapore to NUS (National University of Singapore), One North, and the numerous R&D firms, software, and telecom companies that are housed on Singapore Science Park create a technology-driven environment that can help business owners grow together as part of Singapore government’s effort to be the forefront of technology industry in Asia.

Location plays a very important role when it comes to provide customers with the best experience. Customers are more likely to buy into what you are selling to them when they are comfortable in your commercial building or workplace. Also, oversea customers will most certainly trust the reliability of your products and services when they see your company is based in the well-known Science Park Singapore.

 

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Summary of advantages to be based at Science Parks:

 

1. Proximity to Research Institutions: Science Parks have close proximity to renowned research institutions, universities, and academic centers at NUS and NUH.  This fosters collaboration, knowledge exchange, and access to cutting-edge research, talent, and expertise.

2. Networking and Collaboration Opportunities: Science Park is close to Launchpad @ one-north that puts start-ups, incubators, accelerators and venture capitalists in the heart of an ecosystem. Being part of this ecosystem provides ample networking and collaboration opportunities. Interactions with like-minded professionals and organizations can lead to partnerships, joint ventures, and research collaborations.

3. Access to Talent Pool: Science Parks are located near to NUH and NUS, making it easier to access a pool of skilled professionals, researchers, and fresh graduates. This facilitates recruitment and enables companies to stay at the forefront of talent.

4. State-of-the-Art Infrastructure: Science Parks typically offer state-of-the-art facilities, laboratories, equipment, and workspace conducive to research and development activities. This helps companies to focus on their core operations without worrying about infrastructure needs.

5. Government Support and Incentives: Governments often provide incentives and support to companies located within science parks, such as tax incentives, grants, funding programs, and R&D tax credits. This helps in cost reduction and incentivizes innovation and growth.

6. Cluster Effect: The clustering of similar or complementary industries within a science park creates a cluster effect. This concentration often leads to a competitive advantage, sharing of expertise, and overall sector growth.

7. Access to Funding and Venture Capital: Being in a science park can enhance visibility and attract funding from venture capital firms and investors interested in innovative technologies and startups.

8. Sustainability and Green Initiatives: Many science parks buildings emphasize sustainability and eco-friendliness, incorporating green building practices and initiatives to reduce the environmental footprint.

 

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Watch the following Science Park Office and Lab Space For Rent in Youtube video below. Enjoy!

 

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