CommercialRESIDENTIAL / INSTITUTIONFreeholdDistrict 14 · Geylang

40,40a,40b Lorong 23 Geylang

Reviewed by Nathan TangUpdated 10 August 2026Data through Jan 2011
Quick Summary

40,40a,40b Lorong 23 Geylang is a commercial building in District 14 · Geylang, on land zoned RESIDENTIAL / INSTITUTION under the URA Master Plan with a gross plot ratio of 2.8. It is freehold. 3 transactions are on record since 1995, most recently in Jan 2011. ACRA records 0 live company registrations at this address.

1

What are the key facts about 40,40a,40b Lorong 23 Geylang?

Key takeaway40,40a,40b Lorong 23 Geylang is a commercial building in District 14 · Geylang, zoned RESIDENTIAL / INSTITUTION, held freehold.
Asset class
Commercial
Land-use zone
RESIDENTIAL / INSTITUTION
Gross plot ratio
2.8
Tenure
Freehold
District / Area
District 14 · Geylang
Address
40,40a,40b Lorong 23 Geylang
Land area
Transactions on record
3 (records start 1995)
Live listings
None
ACRA registrations
0
2

About 40,40a,40b Lorong 23 Geylang

40,40A,40B Lorong 23 Geylang is a mixed-use property in Geylang (District 14). It is located along Lorong 23 Geylang, Singapore 388373.

Under the URA Master Plan it sits on land zoned residential / institution with a gross plot ratio of 2.8.

The site is freehold.

3 transactions have been recorded here, at a median of S$597 psf. The most recent was in January 2011.

The nearest MRT is Aljunied MRT, 274 m away (about a 4-minute walk). The closest bus stop (Opp KH Plaza) is 75 m away (about a 1-minute walk).

3

What is 40,40a,40b Lorong 23 Geylang zoned as?

Key takeaway40,40a,40b Lorong 23 Geylang sits on land zoned RESIDENTIAL / INSTITUTION with a gross plot ratio of 2.8.
Land-use zone
RESIDENTIAL / INSTITUTION
Gross plot ratio
2.8

Run the full zoning report for this building →

4

What has 40,40a,40b Lorong 23 Geylang sold for?

Key takeaway3 transactions are on record since 1995, most recently in Jan 2011 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jan 2011Shop HouseS$2.50M3,617 sqft$691
Aug 2009Shop HouseS$1.80M3,617 sqft$498
Jan 1997Shop HouseS$2.16M3,617 sqft$597

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.

5

What do commercial rents run near 40,40a,40b Lorong 23 Geylang?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 14 retail

Gross yield (area)
4.4%
3.9% net of property tax
Rent side (median of bands)
$96.97 psm/mo
2026Q2
Price side (strata, 5y)
$2,475 psf
113 sales

An INDICATIVE AREA yield for District 14 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 14 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$82.14$95.00$145.45
B1 & Below · 30 & Below$41.18$58.82$72.93
Level 2 & 3 · 30 & Below$59.62$65.22$74.50
Level 1 · >30 - 100$65.33$78.20$116.05
Level 2 & 3 · >30 - 100$54.07$96.97$174.25
Level 4 & Above · >30 - 100$114.92$138.10$233.82
B1 & Below · >30 - 100$159.63$224.93$312.51
Level 1 · >100 - 300$69.58$102.84$157.15

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

6

What is near 40,40a,40b Lorong 23 Geylang?

Key takeawayThe nearest MRT/LRT is Aljunied MRT, about 274 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Opp KH Plaza · 75 mHealthserve Community Clinic · 103 mPlace Of Worship · 106 mAljunied MRT Exit A · 231 mEducational Institution · 233 mHotel · 395 mMountbatten Community Club · 838 mGeylang Polyclinic · 847 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

Yeo Hock Heng · 105 mBlk 49 Sims Place · 377 mPaya Lebar Square · 1.3 km

Straight-line distances. Source: PropKaki amenities data.

7

How many companies are registered at 40,40a,40b Lorong 23 Geylang?

Key takeawayACRA records 0 live company registrations at this address.
Live registrations
0
Registered last 3 years
0

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

8

Frequently asked questions about 40,40a,40b Lorong 23 Geylang

Where is 40,40A,40B Lorong 23 Geylang?

40,40A,40B Lorong 23 Geylang is at 40,40A,40B Lorong 23 Geylang, Singapore 388373, in the Geylang planning area.

What is 40,40A,40B Lorong 23 Geylang zoned as?

40,40A,40B Lorong 23 Geylang sits on land zoned residential / institution under the URA Master Plan, with a gross plot ratio of 2.8.

What is the tenure of 40,40A,40B Lorong 23 Geylang?

40,40A,40B Lorong 23 Geylang is freehold.

What have units at 40,40A,40B Lorong 23 Geylang sold for?

Across 3 recorded transactions, the median price is S$597 psf. The latest was in January 2011.

What is the nearest MRT station to 40,40A,40B Lorong 23 Geylang?

Aljunied MRT is the closest, 274 m away (about a 4-minute walk).

For agents · in the PropKaki app

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