Fund‑managers seeking business parks for lease in Singapore will find that a carefully chosen business‑park unit offers an ideal blend of corporate image, operational flexibility and cost‑effectiveness compared with traditional offices or industrial units. We explain why that is, and then walk through how to select the right zone, fit‑out and landlord support so that your leasing decision supports your firm’s growth and brand positioning.
Why Business Parks Matter for Corporate Users
Securing the right space is more than a logistical decision, it reflects how your firm is perceived by investors, talent and stakeholders. For fund managers and professional‑services firms operating in Singapore and the broader SEA region, renting in a business park offers the corporate polish of a downtown office, combined with the flexibility and infrastructure benefits of a modern industrial/tech campus. Choosing the right business park for lease enables your firm to scale regionally, host investors, and maintain agility - all without the premium cost of the central‑CBD office tower.
What Are Business Parks?
Business parks refer to purpose‑built property developments under B1 (business park) zoning in Singapore, designed to support knowledge‑based industries (finance, fintech, biotech, R&D, corporate HQ) rather than heavy logistics or manufacturing. These developments differ from pure industrial estates in that they prioritise human‑centric features, client‑friendly lobbies, landscaped grounds, high‑speed fibre connectivity and amenity‑rich environs. Business parks “offer far more than just cost‑savings[1]; they are curated ecosystems designed for growth, flexibility and a strong corporate identity.”
Key use‑cases for business park space include:
- Regional headquarters or management offices for funds or asset‑managers
- Hybrid work‑enabled teams combining client meetings, research, finance back‑office operations
- Bespoke fit‑outs for professional services where presentation and image matter
Typical amenities and features found in business parks include F&B outlets, fitness centres, childcare facilities, good parking, fast fibre connectivity and proximity to MRT stations or major roads.
Prominent business‑park zones in Singapore include:
Why Fund Managers Choose Business Parks
Image & Professionalism
When hosting investors or holding board‑meetings, the look and feel of your premises matter. Business parks[2] often provide modern facades, concierge services, high‑quality common areas and a polished corporate environment - elements that elevate your brand positioning.
Accessibility & Amenities
Business parks tend to be well‑connected: near MRT stations, major expressways and surrounded by amenities such as cafés, gyms and serviced apartments. This is particularly useful when your team or investors travel frequently, or you need space for client events.
Lease Flexibility & Cost‑Effectiveness
Compared with Grade A CBD office towers, business‑park units often come with more flexible lease terms, scalable unit sizes and more favourable cost structures. For fund managers who may scale up or replicate regional operations, this flexibility is valuable. For example, business park rental rates[3] varies significantly with specification and zone.
Operational Fit for Professional & Hybrid Work‑forces
Business parks provide quality finishes, well‑set‑out office space, breakout areas and easier fit‑out transitions, unlike typical industrial shells. For firms managing discreet operations, client meetings and talent recruitment, these features support a high‑performance work culture.
How Business Parks Compare to Traditional Industrial Spaces
When assessing your options you’ll notice clear differences:
The environment in a business park is professional and landscaped; by contrast industrial space is functional and utilitarian. Fit‑outs in business parks are often ready (carpeted, air‑conditioned) while industrial units often require major retro‑fitting. Amenity access, MRT connectivity and built‑in infrastructure are stronger in business parks. This makes business parks more suitable when client‑facing operations, hybrid working and talent attraction are key priorities.
What to Look for When Leasing a Business Park Unit
Unit Size & Layout
Ensure the space accommodates your current team and leaves room for growth. Consider whether you need open‑plan space for collaboration or more private offices for client meetings. Scalability should be built‑in.
Infrastructure
Look for premium features: raised floors for cabling, adequate ceiling height, high‑speed fibre, efficient A/C systems and typologies that support professional services (board rooms, visitor lobby, breakout areas). Business parks[4] offer a “curated ecosystem designed for growth, flexibility and a strong corporate identity”.
Zoning & Ancillary Use Ratio
Under Singapore’s Urban Redevelopment Authority (URA) rules for B1 zoning, ensure that your intended use (office, fund‑management operations, client meetings) aligns with the allowed ancillary ratio. Confirmation from landlord or tenant‑advisor is important.
Building Image & Environment
Your brand image is reflected by your building façade, common area maintenance, lobby concierge and surrounding landscaping. Better‑spec business parks command higher reputational value among visitors and clients.
Landlord Reputation & Fit‑out Support
Choose landlords with strong facility management, transparent tenant policies and capability to support you with fit‑out and expansion. A landlord who is responsive becomes a long‑term operational partner.
Future Trends
Be aware of emerging features: modular and co‑working‑enabled layouts, green building certifications (e.g., BCA Green Mark), smart building systems. These play increasingly into leasing decisions and may differentiate better sites.
Key Business‑Park Zones in Singapore for Fund Managers
one‑north (West)
Designed as a knowledge‑ and innovation‑oriented cluster, one‑north offers a credible address for corporate HQ, fintech, asset management and professional services. The environment supports networking with tech, media and research tenants.
Changi Business Park (East)
Situated near Changi Airport, this zone combines global connectivity (air‑cargo, business travel) with modern office/park‑style space. Ideal for firms needing travel‑ready facilities and client hosting.
International Business Park (IBP, West)
Located next to Jurong Lake District, IBP offers high‑tech business‑park space with regional‑HQ potential. Its ecosystem supports a diverse mix of tenants including finance, technology and R&D.
Market Snapshot: What Tenants Need to Know (2025)
Recent research by Savills shows:
- Vacancy rate for business parks across Singapore rose to 22.1%[5] in 4Q 2024 - the highest in 14 years.
- For prime business parks (newer, better‑spec), monthly asking rents rose by 6.4% year‑on‑year[6] in 2024 to S$6.27 per sq ft.
- For standard business parks, rents rose only around 0.2%[7] y/y to S$4.04 per sq ft in 4Q 2024.
- Latest data: in Q2 2025, Savills reported rents for prime business parks increased by 0.7%[8] q/q to S$6.40 psf
What this tells tenants: while rental growth is moderate, there is a clear premium for modern and well‑located business park units, and older or poorly connected parks face elevated vacancy risk. For fund managers, this means the correct choice of location and specification matters more than ever.
How This Specifically Benefits Fund Managers
When you consider fund‑management operations (regional teams, investor meetings, hybrid working, sensitive data operations), the right business park space helps you:
- Project a credible image and instil stakeholder confidence
- Attract and retain talent wanting high‑quality work environments
- Scale operations without upfront capex of a CBD office
- Benefit from strong connectivity (MRT, expressways, airport) for investor and team access
- Leverage business‑park ecosystems with amenity support (F&B, gyms, serviced apartments)
- Reduce risk of obsolete property (older parks) with modern specs and landlord support
Conclusion: Lease Smarter, Not Just Cheaper
For fund managers or professional‑services firms seeking business park for lease in Singapore, the decision is not simply cost‑driven, it is strategic. Choosing the right business park unit aligns your physical footprint with your brand, growth trajectory and operational demands. By selecting modern specification, strong connectivity, amenity‑rich environments and a reliable landlord you position your firm for resilience and scalability.
If you are ready to evaluate your options, the team at Savills Singapore can help you identify high‑spec business park units tailored for fund‑management and service‑based operations, guide you through zoning and fit‑out considerations, and negotiate lease terms that support your strategic goals.
Contact Savills’ Commercial & Business‑Park leasing team today to shortlist suitable business park units for your firm, assess fit‑out and expansion pathways, and secure the right lease that supports your regional growth and brand‑positioning needs.
[1] Source: Savills Singapore. https://www.savills.com.sg/blog/article/224684/singapore-articles/business-park-for-lease--a-guide-for-corporate-occupiers.aspx
[2] Source: Savills Singapore. https://www.savills.com.sg/blog/article/224684/singapore-articles/business-park-for-lease--a-guide-for-corporate-occupiers.aspx
[3] Source: JTC. https://stats.jtc.gov.sg/content/static/Documents/Quarterly Market Report 2025Q2.pdf
[4] Source: Savills Singapore. https://www.savills.com.sg/blog/article/224684/singapore-articles/business-park-for-lease--a-guide-for-corporate-occupiers.aspx
[5] Source: EdgeProp. https://www.edgeprop.sg/property-news/vacancy-levels-business-parks-4q2024-reach-highest-level-14-years-savill
[6] Source: Savills Singapore. https://www.savills.com.sg/insight-and-opinion/savills-news/220214/growth-of-6.4--year-on-year-in-monthly-rents-of-savills--prime-business-park-space--highest-since-2013
[7] Source: EdgeProp. https://www.edgeprop.sg/property-news/vacancy-levels-business-parks-4q2024-reach-highest-level-14-years-savills
[8] Source: Savills Singapore. https://pdf.savills.asia/asia-pacific-research/singapore-research/singapore-industrial/singapore-industrial-briefing-q2-2025.pdf
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