S$70.0M Caveat Lodged for Pratt & Whitney’s Seletar Aerospace Park Facility — the Hub’s Largest in URA REALIS Records to Date

A S$70.0 million caveat lodged for Pratt & Whitney’s purpose-built component-repair facility at Seletar Aerospace Park — the largest lodged at the aerospace hub in URA REALIS records to date — headlined an industrial-heavy week. Across 46 commercial and industrial caveats captured in this week’s URA REALIS updates, totalling S$148.8 million, industrial deals carried S$127.6 million over 35 caveats, while the commercial segment added 11 caveats worth S$21.2 million. Of the 46 caveats, 30 have a prior matching transaction in the PropertyAtlas database: 25 resold at a gain and 5 at a loss.

The week in numbers

Pratt & Whitney’s Seletar Aerospace Park facility — a S$70.0 million caveat, the hub’s largest on record

The single largest transaction of the week: a caveat was lodged for the Pratt & Whitney Singapore Component Repair facility at Seletar Aerospace View at S$70.0 million on 23 June 2026 — the largest lodged at Seletar Aerospace Park in URA REALIS records to date. The Single-user Factory sits on approximately 199,135 sq ft of land, translating to S$352 psf on land area. The site is held on a JTC lease of 30 years with an additional 28.85-year term from February 2012 — roughly 44.5 years of combined term remaining.

The three-storey facility was Pratt & Whitney’s first Built-to-Suit development at Seletar Aerospace Park, completed in 2013 with a net lettable area of about 14,864 sq m, and was followed by a second Built-to-Suit facility on an adjacent site completed in 2014. Pratt & Whitney, the aircraft-engine maker under RTX Corporation, anchors one of the largest aerospace aftermarket clusters in Asia at Seletar, where its Singapore operations span component repair, engine overhaul and manufacturing.

For scale: the previous largest caveat lodged in the Seletar Aerospace Park cluster on URA REALIS records was S$22.2 million (Seletar Aerospace Heights, February 2021). This week’s caveat is more than three times that.

Elsewhere in the industrial segment

A Single-user Factory at Tuas Link 2 was caveated at S$9.7 million (S$181 psf on land area, on a fresh 30-year term from October 2025), and a Multi-user Factory unit at Tuas South Connection changed hands at S$5.6 million. Freehold strata industrial remained tightly priced: a fifth-floor unit at Space 18 in Lorong Ampas fetched S$1,574 psf.

One correction of note: URA removed (aborted) a 26 February 2026 caveat for a seventh-floor unit at Wave9 in Woodlands Industrial Park E9 at S$3,680,000. The same unit re-caveated on 29 June 2026 at S$3,188,000 — 13.4 per cent below the aborted price.

Commercial — strata-led, with a One Sophia caveat surfacing from last year

The largest commercial entry — a ninth-floor office unit at One Sophia at S$7.34 million, or S$3,341 psf — was a caveat lodged last year for a March 2025 sale, reflected only in this week’s URA REALIS update. Retail pricing was headlined by a second-storey Lucky Plaza unit at S$5,058 psf and a ground-floor unit at The Arcade at S$4,645 psf, with The Central, High Street Centre, PS100, Woods Square and Vision Exchange rounding out the office board.

Figures are drawn from URA REALIS caveats matched against PropertyAtlas’s database of more than 82,000 commercial and industrial transactions. Caveat records do not identify buyers or sellers.

All transactions — latest URA REALIS release

Listed newest sale date first. Addresses are masked for privacy: for strata units the block and floor are shown with the unit masked as XX (e.g. #02-XX); for landed and whole-building caveats the block number is masked. PSF marked (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.