GATE+ Launch Caveats Hit the Register — 75 Lodged at S$87.3M in a S$288.4M Week Across 129 C&I Caveats

The first tranche of GATE+ new-sale caveats has reached the register — 75 caveats worth S$87.3 million from the Jurong B2 launch — anchoring the heaviest weekly batch of the quarter. Across 129 commercial and industrial caveats captured in this week’s URA REALIS updates, totalling S$288.4 million, industrial deals carried S$265.9 million over 118 caveats, while the commercial segment added 11 caveats worth S$22.5 million. Of the 129 caveats, 34 have a prior matching transaction in the PropertyAtlas database: 31 resold at a gain, 2 at a loss, and 1 broke even.

The week in numbers

Sale dates in this batch span 8 January to 9 July 2026 — caveats lodge with a lag after option exercise, and this week’s release includes backdated resale lodgements from April and May. The master transactions database now stands at 82,727 records.

GATE+ — the launch reaches the caveat register

Two months after its April preview, GATE+ at 9 Tukang Innovation Drive (District 22) has begun showing up in the official record. This week’s batch carries 75 new-sale caveats from the 265-unit, 33-year-leasehold ramp-up B2 development, totalling S$87.28 million at S$490–740 psf, with a median of S$608.

EdgeProp reported 137 units — 52% of the project — sold over the 22–24 May launch weekend at an average of S$660 psf. At 75 caveats lodged to date, roughly 55% of those reported sales have reached the register; the balance should surface in coming weekly batches as options are exercised and caveats lodged.

The register also confirms the classic industrial floor gradient: #01 units command a median S$718 psf — topping out at S$740 — easing to S$678 on #02, S$608 on #03, and into the S$490–577 band from #05 upward. The value-weighted average of the caveats lodged so far is S$610, roughly S$50 below the S$660 launch average EdgeProp reported — consistent with the yet-to-lodge balance leaning toward the higher-psf lower-floor stacks, which should lift the caveated average as the remaining reported sales reach the register.

No caveats have yet lodged on floors #04 and #06. The lease clock runs from 27 August 2025, making this the first IGLS-generation launch to hit the register — a live benchmark for what fresh 33-year B2 tenure clears at in the west.

The resale anchor — a S$39.0 million factory at Jalan Kilang Barat

The week’s largest single trade is a S$39.0 million single-user factory at Jalan Kilang Barat — against a S$35.3 million prior in 2022, a S$3.7 million (+10.5%) gain in four years, now captured in the PropertyAtlas P&L layer. Supporting cast in whole-building industrial: S$21.0 million at Jalan Ahmad Ibrahim, S$12.38 million at Gul Avenue, S$10.38 million at Loyang Street and S$9.3 million at Hillview Terrace.

Long-hold P&L stories

A Far East Plaza strata unit changed hands at S$1.368 million against a S$464,000 purchase in December 1995 — a 31-year hold at nearly 3× cost. A Ubi Techpark unit transacted with five prior sales on record dating to 2004, and a Gul Link property recorded its third sale in 14 months.

Commercial — thin but pricey

Eleven commercial caveats totalled S$22.5 million. The standout: a freehold Greenwood Avenue shophouse at S$7.10 million (S$4,613 psf), alongside a single office trade at S$1,780 psf.

All transactions — latest URA REALIS release

All 129 caveats from this week’s release are listed below, newest first. Strata unit numbers and whole-building street numbers are masked; building names are public record. PSF (land) is computed on land area and is not directly comparable to strata per-unit PSF. Tenure shows the lease type and, for leasehold, the original term and commencement date.