Feature – Science Parks Space For Rent
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:
- 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)
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.
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 laboratory rental rates range between $3.90 to $4.50 psf per month. At these rates, it translates to a price that is 40 – 60% lower than the commercial office space for rent in CBD ($8 – $12 psf). The lower rental rates can help you save money as a startup business owner, so that you can invest in other needs of your company.
Science Parks Rental Rates Guide
|District||Project||Price psf/month (S$)||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)||Rutherford @ 89 Science Park Dr||4.20||Research unit. Sizes fr 1500 - 7500 sft.|
|5 (Science Park 1)||The Franklin||3.80||Limited space available|
|5 (Science Park 1)||Cintech I/II/III @ 73 Science Park Dr||4.50||IT-unit. Sizes fr 700 - 13000 sft|
|5 (Science Park 1)||Cintech IV @ 79 Science Park Drive||4.95||Research Unit from 1700 - 20,000 sft|
|5 (Science Park 1)||Chadwick/Curie/Cavendish @ 85 Science Park Dr||3.90||IT-unit. Sizes fr 1000 - 5000 sft|
|5 (Science Park 2)||The Alpha @ 10 Science Park Rd||4.00 - 4.20||IT and Research units available. Sizes fr 800 - 40000 sft|
|5 (Science Park 2)||The Gemini @ 41 Science Park Rd||4.20 - 4.50||Research units. Sizes fr 500 - 10000 sft|
|5 (Science Park 2)||The Aries @ 51 Science Park Rd||4.00 - 4.50||Research units. Sizes from 1000 - 3500 sft|
|5 (Science Park 2)||The Capricorn @ 1 Science Park Rd||4.50||IT and Research units available. Sizes fr 1000 - 5000 sft|
|5 (Science Park 2)||Teletech Park @ 20 Science Park Rd||4.50||IT-unit. Sizes fr 1000 - 10000 sft|
|5 (Science Park 2)||The Galen @ 61 Science Park Rd||4.50||Research unit. Sizes fr 1000 - 50000 sft|
|5 (Science Park 2)||The Kendall @ 50 Science Park Rd||4.50||Research unit. Sizes fr 2000 - 3200 sft|
One-North Business Park Rental Rates Guide
District Project Price/psf/mth
5 Nexus @ Fusionopolis 5.80 - 6.30 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 5.80 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 5.80 - 6.30 Research unit for Bio-medical trade.
Sizes fr 1000 - 8000 sft.
5 Neuros/Immunos @ Biopolis 5.80 - 6.00 Research unit for Biomedical. Suit Bio-research & physical science company.
5 Amnios @ Biopolis 5.75 Biomedical R&D usage. Office Size from 10000 sft.
5 Synapse / Amnios @ Biopolis 5.75 - 6.60 Biomedical R&D usage. From 2400 - 10000 sft.
5 Infinite Studios @ Mediapolis 4.60 Business Park and office-type unit available. Fr 1500 - 6000 sft
5 Alice @ Mediapolis 3.20 - 5.20 Suits SMEs in InfoComm, Media, Physical Science and Engineering R&D industries. Launchpad graduates & SME enjoy rental subsidy. Sizes from 1000 - 45000 sft.
History of Singapore Science Park
Science Park Singapore comprises of Science Park I, Science Park II and Science Park III. On the other hand, Science Park III is regarded as an expansion of the already established Science Park II (in light of the fact that it was established on the same premises as Science Park II). In spite of the fact that the government of Singapore gave the go-ahead for the erection of the Science park I structure in 1980, it wasn’t until two years after before it opened its doors to business. The structure is situated on a 30-hectare plot of land, and its first occupant was DNV (Det Norske Veritas) – a globally recognized registrar & classification company. About 11 Years after Science Park I opened its doors to DNV and other customers in Singapore, a new building was approved, this time on a 20-hectare plot of land. The first structure that was positioned on this 20-hectare land was the renowned Institute of Microelectronics also known as IME. As days changed to months, other buildings were added to the blueprint of the Science Park II.
From the time when the foundation of Science Park I was dug, there’s been an unceasing expansion on the parkland of both Science Park I and II. This continuous expansion has transformed Science Park Singapore to a certain degree the center point of research, development, and innovations in Singapore. Which makes it the perfect location for business owners that are looking to make a profit from their different ventures. Positioned impeccably in line with the length of Singapore’s Tech corridor, the globally recognized Singapore Science Park is truly the house of the best tech developers in the world. No wonder, prominent companies like Bridgestone, Crimson Logic, Syngenta, Institute of Microelectronics, FJ Benjamin Mitsui Chemicals, Delta Electronics, and IDS Medica have their offices on Singapore Science Park grounds.
While Science Park Singapore is home to many tech developers and the key players of different industries, there’s still a lot to be had on its grounds. Especially for start-up businesses.
Map of Singapore Science Park Office and Laboratory Space For Rent
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 ($7 – $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.
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.
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.
Watch the following Science Park Office and Lab Space For Rent in Youtube video below. Enjoy!