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Singapore expands biotech push with CapitaLand hub
Singapore property developer CapitaLand opened its S$1.4 billion (US$1.09 billion) Geneo life sciences hub at Singapore Science Park on May 22, as Singapore expands its biotech and research ecosystem.
A*STAR will move in as an anchor tenant, said Minister Tan See Leng.
Geneo spans three properties with about 180,600 square meters of gross floor area, including 80,000 square meters for biomedical research and flexible labs.
Tenants include Barry Callebaut, Chugai Pharmabody Research, Henkel, and NSG Bio.
The project is part of the broader redevelopment of Singapore Science Park, which has been positioning itself as a hub for research, technology, and life sciences companies.
All three buildings received BCA Green Mark Platinum ratings, while 1 and 7 Science Park Drive also received WELL Core Gold certification.
🔗 Source: CapitaLand
🧠 Food for thought
Implications, context, and why it matters.
Geneo took years to open and ownership differs across properties
- Geneo came together over several years in phases, rather than opening as one project 1.
- Its first building, 5 Science Park Drive, was finished in 2019 and houses Shopee’s regional headquarters 2.
- Ownership differs across the site. CapitaLand Development holds 66% of 1 Science Park Drive. CapitaLand Ascendas REIT (CLAR), a real estate investment trust, owns 34% 3.
- CLAR later proposed buying 5 Science Park Drive, which would expand its stake in the hub after the building was already open 4.
The hub moves beyond the old business park model
- Geneo is built as an integrated district meant to draw people in with places to work, live, and spend time off 1.
- It includes a 250-unit serviced residence, Citadines Science Park Singapore, at 7 Science Park Drive, plus shops and food outlets. A nearby condominium, LyndenWoods, is also planned 3.
- The approach changes commercial real estate. Landlords now act more like community hosts, putting on food festivals and placemaking programs 3.
- The shift responds to weaker appeal at some older business parks. Some of those properties lost value on revaluation versus the prior year as market conditions changed 5.
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