CommercialBUSINESS 1FreeholdDistrict 14 · Geylang

Lipo Building

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

Lipo Building 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. It is freehold. 1 transaction is on record since 1995, most recently in Nov 2011. 7 units are currently listed for sale or rent. ACRA records 152 live company registrations at this address.

1

What are the key facts about Lipo Building?

Key takeawayLipo Building is a commercial building in District 14 · Geylang, zoned BUSINESS 1, held freehold.
Asset class
Commercial
Land-use zone
BUSINESS 1
Gross plot ratio
2.5
Tenure
Freehold
District / Area
District 14 · Geylang
Address
621 Aljunied Road
Land area
6,708 sqm
Transactions on record
1 (records start 1995)
Live listings
7
ACRA registrations
152
2

About Lipo Building

Lipo Building is a commercial building in Geylang (District 14). It is located along Aljunied Road, Singapore 389834.

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

The site is freehold. It occupies roughly 6,708 sqm of land with about 16,771 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$490 psf. The most recent was in November 2011.

152 businesses are currently registered at this address with ACRA.

The nearest MRT is Mattar MRT, 430 m away (about a 7-minute walk). The closest bus stop (Opp Canossa Catholic Pr) is 180 m away (about a 3-minute walk).

3

What is Lipo Building zoned as?

Key takeawayLipo Building 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 →

4

What has Lipo Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Nov 2011 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Nov 2011RetailS$675k1,378 sqft$490

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 Lipo Building?

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 available at Lipo Building right now?

Key takeaway7 units are currently listed at Lipo Building2 for sale and 5 for rent. One row per unit; several agents often market the same unit.

For sale (2)

  • Lipo Building2 agentsS$4.23M · 4,865 sqft
  • Lipo BuildingS$4.59M · 4,779 sqft

For rent (5)

  • Lipo Building2 agentsS$8k/mo · 4,456 sqft
  • Lipo BuildingS$800/mo · 140 sqft
  • Lipo BuildingS$550/mo · 100 sqft
  • Lipo Building2 agentsS$2k/mo · 430 sqft

Browse every listing at this building →

7

What is near Lipo Building?

Key takeawayThe nearest MRT/LRT is Mattar MRT, about 430 m away — and 1 competing retail premises operate nearby.

Getting around

Amenities nearby

Educational Institution · 122 mPlace Of Worship · 156 mCODE 4 Medical Clinic · 164 mOpp Canossa Catholic Pr · 180 mMattar MRT Exit A · 408 mAljunied Pk · 479 mMacPherson Community Club · 541 mHotel · 750 mGeylang Polyclinic · 996 m

Competing premises nearby

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

Blks 79/79A Circuit Road · 598 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Lipo Building?

Key takeawayACRA records 152 live company registrations at this address, 54 of them in the last three years.
Live registrations
152
Registered last 3 years
54
Most common type
Local Company

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.

9

Frequently asked questions about Lipo Building

Where is Lipo Building?

Lipo Building is at 621 Aljunied Road, Singapore 389834, in the Geylang planning area.

What is Lipo Building zoned as?

Lipo Building sits on land zoned business 1 under the URA Master Plan, with a gross plot ratio of 2.5.

What is the tenure of Lipo Building?

Lipo Building is freehold.

What have units at Lipo Building sold for?

Across 1 recorded transaction, the median price is S$490 psf. The latest was in November 2011.

What is the nearest MRT station to Lipo Building?

Mattar MRT is the closest, 430 m away (about a 7-minute walk).

How many businesses are registered at Lipo Building?

152 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.

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