MIT’s largest redevelopment of Flatted Factories into a new high-tech industrial park was successfully completed in March 2023, which increased the utilised plot ratio from 1.5 to 2.5. With an enlarged gross floor area of 865,687 square feet, Mapletree Hi-Tech Park @ Kallang Way (161, 163 & 165 Kallang Way) comprises two nine-storey buildings and a seven-storey build-to-suit building. The development is zoned for Business 2 use. 161 and 163 Kallang Way are developed as two Hi-Tech blocks, which are suitable for high value-add and knowledge-based businesses such as advanced manufacturing, biomedical science and information and communications technology sectors. Both buildings have also been awarded the BCA Green Mark Platinum Award. The incorporation of environmentally sustainable features within the Hi-Tech Park underscores MIT’s focus on building a climate-resilient platform. 165 Kallang Way is developed as a seven-storey build-to-suit facility for a global medical device company headquartered in Germany. Located within the Kolam Ayer Industrial Estate, Mapletree Hi-Tech Park @ Kallang Way is close to the MacPherson neighbourhood and a short drive to the Central Business District. It is well-served by expressways such as the CTE, KPE and PIE as well as the Geylang Bahru MRT station (DT24) via a sheltered walkway. It also enjoys easy access to recreational sites such as the Singapore Sports Hub and Marina Barrage via park connectors.