CommercialBUSINESS 1 - WHITELeaseholdDistrict 12 · Kallang

Ct Hub 2

Reviewed by Nathan TangUpdated 8 November 2026Data through Jul 2026

Quick Summary

Ct Hub 2 is a commercial building in District 12 · Kallang, on land zoned BUSINESS 1 - WHITE under the URA Master Plan with a gross plot ratio of 3.0. It is leasehold with roughly 49 years remaining. 61 transactions are on record since 1995, at a median S$1,880 psf, most recently in Jul 2026. 93 units are currently listed for sale or rent. ACRA records 1,331 live company registrations at this address.

The facts are here — now get the verdict on Ct Hub 2.

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What are the key facts about Ct Hub 2?

Key takeawayCt Hub 2 is a commercial building in District 12 · Kallang, zoned BUSINESS 1 - WHITE, held leasehold.

Asset class: Commercial
Land-use zone: BUSINESS 1 - WHITE
Gross plot ratio: 3.0
Tenure: Leasehold
District / Area: District 12 · Kallang
Address: 114 Lavender Street
Land area: 13,203 sqm
Completed: 2015 (JTC industrial completions)
Storeys: Not on record
Developer: Chiu Teng @ Kallang Pte Ltd (JTC industrial completions)
Strata units (MCST): 429
Managing agent: CHAMBERS PROPERTY MANAGEMENT SERVICES PTE LTD
Strata formed: 2016
Owner: Wee Hur Holdings (SGX filings)
Submarket: City Fringe
Units with a recorded sale: At least 59
Listed as: Light Industrial (B1), Office, Food & Beverage
Transactions on record: 61 (records start 1995)
Live listings: 93
ACRA registrations: 1,331

Who owns Ct Hub 2, and what is it valued at?

Key takeawayCt Hub 2 is owned by Wee Hur Holdings, listed on SGX. The figures below come from its own SGX filings, each with its date. A valuation is an independent valuer's opinion for the owner's accounts, not a sale price.

114 Lavender Street, #01-68 CT Hub 2

Valued at S$9.5 million as at 31 Dec 2025, by PREMAS Valuers & Property Consultants Pte Ltd.

per Wee Hur Holdings's SGX filing, 27 Feb 2026

Source: the owners' own filings on SGX — notices of valuation of real assets, acquisition and divestment announcements, and annual reports. Facts only, each with its date; a valuation is not a sale price, and occupancy and WALE are as of the date shown. Only REITs and SGX-listed companies file these: a building with a private owner shows no owner here.

What are the specs at Ct Hub 2?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.

Facilities: gym, swimming pool, 24-hour security, car park; Source: CommercialGuru

Are there floor plans for Ct Hub 2?

Key takeawayWe hold the developer's sales-brochure floor plans for Ct Hub 2 — 9 plans. Ask PropKaki for the plan of a unit or a size. As designed at launch; units may have been altered.

Plans we hold

1ST STOREY
2ND STOREY
3RD STOREY LAYOUT
4TH STOREY
5TH STOREY
10TH STOREY
11TH STOREY
12TH STOREY
13TH STOREY

Source: developer's sales brochure.

About Ct Hub 2

Ct Hub 2 is a commercial building in Kallang (District 12). It is located along Lavender Street, Singapore 338729.

Under the URA Master Plan it sits on land zoned business 1 - white with a gross plot ratio of 3.

The site is leasehold, with about 49 years remaining on the lease. It occupies roughly 13,203 sqm of land with about 42,822 sqm of gross floor area.

60 transactions have been recorded here, at a median of S$1,854 psf. The most recent was in May 2025.

1,414 businesses are currently registered at this address with ACRA.

The nearest MRT is Bendemeer MRT, 249 m away (about a 4-minute walk). The closest bus stop (Aft Kallang Bahru) is 114 m away (about a 2-minute walk).

What is Ct Hub 2 zoned as?

Key takeawayCt Hub 2 sits on land zoned BUSINESS 1 - WHITE with a gross plot ratio of 3.0.

Land-use zone: BUSINESS 1 - WHITE
Gross plot ratio: 3.0

Run the full zoning report for this building →

What has Ct Hub 2 sold for?

Key takeawayAcross 61 recorded transactions since 1995, the median price is about S$1.03M, most recently in Jul 2026.

Date	Use	Price	Area	PSF
Jul 2026	Retail	S$710k	323 sqft	$2,199
May 2025	Retail	S$856k	355 sqft	$2,410
May 2025	Retail	S$751k	269 sqft	$2,791
Nov 2023	Office	S$1.94M	1,141 sqft	$1,700
Oct 2023	Retail	S$1.54M	581 sqft	$2,649
Sept 2023	Office	S$1.35M	635 sqft	$2,130
Aug 2023	Retail	S$938k	388 sqft	$2,421
Aug 2023	Office	S$1.25M	624 sqft	$2,002
Jul 2023	Office	S$1.47M	689 sqft	$2,130
May 2023	Office	S$1.34M	678 sqft	$1,980

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 Ct Hub 2 rent for?

Key takeawayNo rent is published for Ct Hub 2 itself. On its street, Lavender Street, office space rented at a median of $4.03 psf a month in 2026Q3, with the middle half of leases between $3.61 and $4.67. That is not this building's own rent, and never a quote for a particular unit.

Office space on Lavender Street

Street level · 2026Q3

25th pct

$3.61

$38.83 psm

Median

$4.03

$43.41 psm

75th pct

$4.67

$50.25 psm

S$ per sq ft per month · median -19.4% on a year earlier

2022Q4 · $34.51 psm2026Q3 · $43.41 psm median

URA's percentiles of OFFICE rents across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. URA publishes a median only where the street has at least 2 office buildings and 3 contracts that quarter (percentiles need 4); a blank means below that threshold, not zero.

Source: URA rental statistics by street (IRAS-stamped contracts).

Retail space on Lavender Street

Street level · 2026Q3

25th pct

$8.05

$86.67 psm

Median

$10.81

$116.38 psm

75th pct

$14.19

$152.78 psm

S$ per sq ft per month · median -20.7% on a year earlier

2022Q4 · $131.46 psm2026Q3 · $116.38 psm median

URA's percentiles of RETAIL rents (shop, F&B, entertainment, health & fitness) across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. Retail rent swings with floor and frontage, so the spread matters as much as the median. A median needs at least 2 buildings and 3 contracts (percentiles need 4); a blank means below that threshold, not zero.

Source: URA rental statistics by street (IRAS-stamped contracts).

Retail space — District 12 retail

Region band · 2026Q3

25th pct

$5.52

$59.42 psm

Median

$6.71

$72.22 psm

75th pct

$8.97

$96.57 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 12 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 Ct Hub 2

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.

How fast units move at Ct Hub 2

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 43 units for rent; 50 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 10 new listings appeared and 5 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 7 new listings appeared and 6 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

What's been approved at Ct Hub 2?

Key takeawayURA has approved 58 changes of use at Ct Hub 2 since 2000, most recently in 2026, and refused 17. 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.

16 Jul 2026Approved
Additions & alterations
Proposed additions and alteration of existing open air roof terrace at 4th storey of ct hub 2 to 3 new pickle ball courts [open to public] [kallang planning area]
11 Jun 2026RefusedFloor 11
Change of use to gym / fitness centre
Proposed change of use of unit #11-XX to gym / fitness centre at ct hub 2
4 Jun 2026ApprovedFloor 1
Change of use to restaurant
Proposed change of use of #01-XX to restaurant at ct hub 2
8 May 2026RenewedFloor 1
Continued use as restaurant
Continued use of unit #01-XX as restaurant
25 Mar 2026RenewedFloor 1
Continued use as restaurant with ancillary live entertainment
Continued use of unit #01-XX as restaurant with ancillary live entertainment - ct hub 2
16 Aug 2025ApprovedFloor 1
Change of use to restaurant
Proposed change of use of unit #01-XX to restaurant at ct hub 2
11 Aug 2025RenewedFloor 1
Continued use as karaoke lounge
Continued use of shop unit #01-XX as karaoke lounge
11 Aug 2025RefusedFloor 1
Change of use to bar/pub
Proposed change of use of unit #01-XX of ct hub 2 to bar/pub
24 Jul 2025ApprovedFloor 6
Change of use to commercial school
Proposed change of use of units #06-XX and #06-XX to commercial school at ct hub 2
20 Jun 2025ApprovedFloor 1
Change of use to restaurant
Proposed change of use of shop unit #01-XX to restaurant
12 Jun 2025RefusedFloor 1
Change of use to karaoke lounge
Proposed change of use of shop unit #01-XX to karaoke lounge
5 Jun 2025RefusedFloor 1
Change of use to shop
Proposed change of use of factory unit #01-XX to shop

93 earlier change-of-use and A&A decisions are on record since 2000.

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).

How does Lavender Street price?

Key takeawayAcross 23 strata sales on Lavender Street in the last 5 years, the median is $1,934 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$1,934

Street figures cover strata deals only — land and strata PSF are not comparable.

What do commercial rents run near Ct Hub 2?

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

Indicative area yield — District 12 retail

Gross yield (area)

2.9%

2.6% net of property tax

Rent side (median of bands)

$72.22 psm/mo

2026Q3

Price side (strata, 5y)

$2,767 psf

54 sales

An INDICATIVE AREA yield for District 12 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 12 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 1 · 30 & Below	$52.08	$72.22	$91.29
Level 2 & 3 · 30 & Below	$101.58	$129.23	$143.22
Level 2 & 3 · >30 - 100	$59.42	$63.94	$96.57
Level 1 · >30 - 100	$74.07	$96.87	$116.31
Level 1 · >100 - 300	$48.14	$55.10	$60.66

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 available at Ct Hub 2 right now?

Key takeaway93 units are currently listed at Ct Hub 2 — 50 for sale and 43 for rent. One row per unit; several agents often market the same unit.

For sale (50)

Ct Hub 2S$1.42M · 624 sqft
Ct Hub 2S$1.30M · 624 sqft
CT Hub 2S$1.49M · 1,109 sqft
CT Hub 2S$1.30M · 1,044 sqft

For rent (43)

Ct Hub 2S$11k/mo · 1,787 sqft
Ct Hub 2S$4k/mo · 969 sqft
CT Hub 2S$4k/mo · 936 sqft
CT Hub 2S$11k/mo · 1,787 sqft

Browse every listing at this building →

What is near Ct Hub 2?

Key takeawayThe nearest MRT/LRT is Bendemeer MRT, about 249 m away — and 3 competing retail premisess operate nearby.

Getting around

Bendemeer MRT249 m · ~4 min

Amenities nearby

Aft Kallang Bahru · 114 mHotel · 128 mThe Clinic @ Aperia · 150 mBendemeer MRT Exit B · 224 mPlace Of Worship · 315 mJalan Besar Community Club · 426 mEducational Institution · 632 mKallang Polyclinic · 784 mFarrer Park Hospital · 1.1 km

Competing premises nearby

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

Aperia Mall · 90 mCold Storage Singapore (1983) Pte Ltd · 222 mNorth Bridge Road Market & Food Centre · 652 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Ct Hub 2

Key takeawayThe nearest station is Bendemeer (DT23), 224 m away — a quiet station, with about 11,000 taps in and out on an average weekday. 25 public car parks are within 500 m; the cheapest URA season parking nearby is S$100 a month.

Foot traffic: busier than 48% of retail buildings

nearest MRT/LRT Bendemeer (DT23) 224 m, about 11,000 taps a weekday; 4 more stations within 1 km; bus stops within 400 m: 9, about 18,000 taps a weekday; Kallang: 63,333 resident workers (Census 2020, by workplace); about 36,000 residents within 1 km (June 2026); 2 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

Bendemeer (DT23)224 m · about 11,000 weekday taps
Lavender (EW11)437 m · about 39,000 weekday taps
Boon Keng (NE9)776 m · about 51,000 weekday taps
Farrer Park (NE8)813 m · about 57,000 weekday taps
Kallang (EW10)888 m · about 24,000 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 Ct Hub 2. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with about 18,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Penhas Rd - Lavender S T Off St (URA)179 m
S$0.60 per half-hour at midday on a weekday · 29 car lots
Hamilton Rd Off St (URA)185 m
S$0.60 per half-hour at midday on a weekday · 22 car lots
Service Rd (King Georg E'S Ave) (URA)188 m
S$0.60 per half-hour at midday on a weekday · 17 car lots
Service Rd (Hamilton R D - Cavan Rd) (URA)197 m
S$0.60 per half-hour at midday on a weekday · 11 car lots
Cavan Rd (URA)210 m
S$0.60 per half-hour at midday on a weekday · 7 car lots

Public car parks only, by straight-line distance, with the operator's published rates. Ct Hub 2's own car park, if it has one, and its charges are not in the open data.

Who's registered at Ct Hub 2?

Key takeaway1,331 live companies (and LLPs and branches; sole proprietors are not counted) list Ct Hub 2 as their registered address. These are registered businesses, not who occupies the space.

Professional, scientific and technical services
333
Wholesale and retail trade
253
Information and communications
224
Financial and insurance
188
Administrative and support services
61
Construction
48
Accommodation and food services
40
Manufacturing
36
Education
36
Transportation and storage
36

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 Ct Hub 2

Where is Ct Hub 2?⌄

Ct Hub 2 is at 114 Lavender Street, Singapore 338729, in the Kallang planning area.

What is Ct Hub 2 zoned as?⌄

Ct Hub 2 sits on land zoned business 1 - white under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of Ct Hub 2?⌄

Ct Hub 2 is leasehold. About 49 years remain on the lease.

What have units at Ct Hub 2 sold for?⌄

Across 60 recorded transactions, the median price is S$1,854 psf. The latest was in May 2025.

What is the nearest MRT station to Ct Hub 2?⌄

Bendemeer MRT is the closest, 249 m away (about a 4-minute walk).

How many businesses are registered at Ct Hub 2?⌄

1,414 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.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

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.

Owner: the REIT or SGX-listed company whose latest valuation notice or annual report lists this building (a later divestment removes it). '(N% interest)' or '(part of the strata)' when it holds less than the whole. A building with no listed owner shows none — a private owner is never named.

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.

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, BCA's MCST register, PropKaki's submarket map, URA planning decisions, the owner's SGX filings, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, CommercialGuru, the developer's sales brochure (floor plans) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Owners, valuations and deals: the owners' own filings on SGX (notices of valuation of real assets, acquisition and divestment announcements, annual reports), facts only, each with its date.

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.