CommercialBUSINESS 1District 14 · Geylang

60,62 Lorong 23 Geylang

Reviewed by Nathan TangUpdated 8 November 2026Data through Apr 2000

Quick Summary

60,62 Lorong 23 Geylang is a commercial building in District 14 · Geylang, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. 1 transaction is on record since 1995, most recently in Apr 2000. ACRA records 2 live company registrations at this address.

The facts are here — now get the verdict on 60,62 Lorong 23 Geylang.

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What are the key facts about 60,62 Lorong 23 Geylang?

Key takeaway60,62 Lorong 23 Geylang is a commercial building in District 14 · Geylang, zoned BUSINESS 1.

Asset class: Commercial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Not on record
District / Area: District 14 · Geylang
Address: 60,62 Lorong 23 Geylang
Land area: —
Completed: 2020 (JTC industrial completions)
Storeys: 2 (© OpenStreetMap contributors)
Developer: Kai Lim Builders Merchant Pte Ltd (JTC industrial completions)
Submarket: City Fringe
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 2

About 60,62 Lorong 23 Geylang

60,62 Lorong 23 Geylang is a commercial property in Geylang (District 14). It is located along Lorong 23 Geylang, Singapore 388383.

Under the URA Master Plan it sits on land zoned business 1 with a gross plot ratio of 2.5.

1 transaction has been recorded here, at a median of S$537 psf. The most recent was in April 2000.

3 businesses are currently registered at this address with ACRA.

The nearest MRT is Aljunied MRT, 227 m away (about a 4-minute walk). The closest bus stop (Opp Aljunied Stn) is 91 m away (about a 1-minute walk).

What is 60,62 Lorong 23 Geylang zoned as?

Key takeaway60,62 Lorong 23 Geylang sits on land zoned BUSINESS 1 with a gross plot ratio of 2.5.

Land-use zone: BUSINESS 1
Gross plot ratio: 2.5

Run the full zoning report for this building →

What has 60,62 Lorong 23 Geylang sold for?

Key takeaway1 transaction is on record since 1995, most recently in Apr 2000 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Apr 2000	Shop House	S$1.80M	3,352 sqft	$537

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. sqm ↔ sq ft converter

What does space at 60,62 Lorong 23 Geylang rent for?

Key takeawayNo street- or building-level rent is published here. Across District 14 retail, retail space rented at a median of $10.45 psf a month in 2026Q3, with the middle half of leases between $7.49 and $12.53. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 14 retail

Region band · 2026Q3

25th pct

$7.49

$80.67 psm

Median

$10.45

$112.50 psm

75th pct

$12.53

$134.91 psm

S$ per sq ft per month

A REGION BAND — URA's grid for the whole district or location, not this street or building. Say "across <district/location>, …", never that this building rents for it. The middle of URA's retail grid for District 14 across every floor and size band — a ground-floor shop and an upper-floor unit sit at very different points in it.

Source: URA REALIS retail rental analysis (district × floor × size grid).

Market context around 60,62 Lorong 23 Geylang

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026 (island-wide)

Islandwide: Rent S$28.15 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft

Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

What's been approved at 60,62 Lorong 23 Geylang?

Key takeawayURA has approved 2 changes of use at 60,62 Lorong 23 Geylang since 2000, most recently in 2024. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

21 May 2024ApprovedFloor 1
Change of use to industrial canteen
Change of use of #01-XX to industrial canteen
3 Jun 2021Approved
Change of use to childcare centre
Change of use of part 2nd/3rd/4th storey factory area to childcare centre

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

What do commercial rents run near 60,62 Lorong 23 Geylang?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 14 retail

Gross yield (area)

5.1%

4.5% net of property tax

Rent side (median of bands)

$112.50 psm/mo

2026Q3

Price side (strata, 5y)

$2,480 psf

106 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, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$60.26	$68.83	$77.30
B1 & Below · 30 & Below	$52.94	$76.47	$130.25
Level 1 · 30 & Below	$85.00	$125.00	$205.26
Level 2 & 3 · >30 - 100	$71.17	$84.43	$161.43
Level 1 · >30 - 100	$80.67	$127.33	$161.46
Level 4 & Above · >30 - 100	$69.97	$74.47	$74.91
B1 & Below · >30 - 100	$104.10	$206.00	$256.12
Level 2 & 3 · >100 - 300	$101.65	$112.97	$180.02

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.

What is near 60,62 Lorong 23 Geylang?

Key takeawayThe nearest MRT/LRT is Aljunied MRT, about 227 m away — and 3 competing retail premisess operate nearby.

Getting around

Aljunied MRT227 m · ~4 min

Amenities nearby

Opp Aljunied Stn · 91 mPlace Of Worship · 113 mEducational Institution · 138 mAljunied MRT Exit A · 177 mHealthserve Community Clinic · 229 mHotel · 378 mGeylang Polyclinic · 801 mMacPherson Community Club · 941 m

Competing premises nearby

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

Blk 49 Sims Place · 224 mYeo Hock Heng · 274 mPaya Lebar Square · 1.3 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 60,62 Lorong 23 Geylang

Key takeawayThe nearest station is Aljunied (EW9), 177 m away — a busy station, with about 47,000 taps in and out on an average weekday. 33 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 78% of retail buildings

nearest MRT/LRT Aljunied (EW9) 177 m, about 47,000 taps a weekday; bus stops within 400 m: 14, about 36,000 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 47,000 residents within 1 km (June 2026); 0 other malls within 1 km. Ranked against 12,856 retail buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around, and competing malls), not a count of people.

Stations within 1 km

Aljunied (EW9)177 m · about 47,000 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to 60,62 Lorong 23 Geylang. Transfers between lines don't tap, so interchanges read low.

Bus

14 bus stops within 400 m, with about 36,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Lor 21A Geylang (URA)102 m
S$0.60 per half-hour at midday on a weekday · 8 car lots
Blk 52 Sims Place (HDB)112 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 40 car lots
Lor 23 Geylang (URA)155 m
S$0.60 per half-hour at midday on a weekday · 52 car lots
Sims Place (URA)173 m
S$0.60 per half-hour at midday on a weekday · 35 car lots
Blk 63 Sims Place (HDB)176 m
no short-term parking · 88 car lots

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

Public car parks only, by straight-line distance, with the operator's published rates. 60,62 Lorong 23 Geylang's own car park, if it has one, and its charges are not in the open data.

Who's registered at 60,62 Lorong 23 Geylang?

Key takeaway2 live companies (and LLPs and branches; sole proprietors are not counted) list 60,62 Lorong 23 Geylang as their registered address. These are registered businesses, not who occupies the space.

Construction
1
Wholesale and retail trade
1
Manufacturing
0

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. ACRA, as of 2026-09-16.

Frequently asked questions about 60,62 Lorong 23 Geylang

Where is 60,62 Lorong 23 Geylang?⌄

60,62 Lorong 23 Geylang is at 60,62 Lorong 23 Geylang, Singapore 388383, in the Geylang planning area.

What is 60,62 Lorong 23 Geylang zoned as?⌄

60,62 Lorong 23 Geylang sits on land zoned business 1 under the URA Master Plan, with a gross plot ratio of 2.5.

What have units at 60,62 Lorong 23 Geylang sold for?⌄

Across 1 recorded transaction, the median price is S$537 psf. The latest was in April 2000.

What is the nearest MRT station to 60,62 Lorong 23 Geylang?⌄

Aljunied MRT is the closest, 227 m away (about a 4-minute walk).

How many businesses are registered at 60,62 Lorong 23 Geylang?⌄

3 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

For agents · in the PropKaki app

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Read the figures right

Completion year: the first quarter JTC records a TOP (Temporary Occupation Permit) at this address. JTC lists major industrial projects (7,000 sqm and up) from 2013; where an older building stood on the site, this is the current building's year.

Developer: as named on JTC's completion record, often the project company rather than the listed group.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Tenure is not recorded for this building. Commercial tenure coverage is roughly 40% (industrial is far better at ~90%).

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from JTC industrial completions, PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.