CapitaLand has successfully completed the transformative redevelopment of 1 Science Park Drive, a landmark S$883 million project that now stands as a cornerstone in Singapore’s burgeoning life sciences and innovation ecosystem.
The property, which received its Temporary Occupation Permit on March 3, 2025, has been reimagined as three interconnected Grade A buildings designated as 1, 1A, and 1B, delivering approximately 116,200 square meters of gross floor area dedicated to business spaces, wet-lab ready environments, and supporting amenities.
Situated strategically at the entrance of Singapore Science Park within the Geneo Life Sciences and Innovation Cluster, the redeveloped complex represents a significant advancement in land utilization efficiency, featuring a tripled gross plot ratio of 3.6.
Strategic gateway to Singapore Science Park showcasing exceptional land efficiency with its impressive 3.6 gross plot ratio
The property’s accessibility has been enhanced through seamless integration with Kent Ridge MRT station via an underground walkway, positioning it as the most accessible building within the cluster.
The joint ownership structure between CapitaLand Development (66%) and CapitaLand Ascendas REIT (34%) has leveraged complementary expertise to secure impressive tenancy rates, with 95% of available business spaces already leased to organizations spanning life sciences, technology, and innovation sectors. The retail podium with approximately 4,000 square meters of NLA will welcome visitors with a diverse selection of F&B options starting April 2025.
The development allocates 80,000 square meters specifically to wet-lab-ready spaces, catering to research and development activities in biomedical sciences, digital technology, agritech, and specialty chemicals.
Environmental responsibility features prominently in the project’s design, evidenced by its Green Mark Platinum certification and WELL Core Gold precertification. The development’s focus on sustainability reflects current market trends where properties with green certifications typically command 3-5% higher rental premiums and achieve improved occupancy rates.
These credentials reflect the incorporation of sustainable building materials, energy-efficient solutions, and smart building technologies that optimize resource usage while promoting occupant health and well-being.
The redevelopment of 1 Science Park Drive constitutes a pivotal component of CapitaLand’s multi-stage rejuvenation initiative for Singapore Science Park, contributing substantially to Singapore’s strategic positioning as a global hub for life sciences and innovation. The completion of this project marks a milestone as all five buildings in the 180,600 square metre Geneo cluster are now fully operational and ready to serve their tenants.
