IndustrialBUSINESS 2LeaseholdDistrict 22 · Boon Lay

119 Neythal Road

Reviewed by Nathan TangUpdated 8 November 2026Data through Jun 2024
Quick Summary

119 Neythal Road is a industrial building in District 22 · Boon Lay, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 13 years remaining. 4 transactions are on record since 1995, most recently in Jun 2024. ACRA records 3 live company registrations at this address.

1

What are the key facts about 119 Neythal Road?

Key takeaway119 Neythal Road is a industrial building in District 22 · Boon Lay, zoned BUSINESS 2, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS 2
Gross plot ratio
2.5
Tenure
Leasehold
District / Area
District 22 · Boon Lay
Address
119 Neythal Road
Land area
—
Completed
Not on record
Storeys
Not on record
Owner
Mapletree Logistics Trust (SGX filings)
Estate (JTC)
Jurong Industrial Estate
Transactions on record
4 (records start 1995)
Live listings
None
ACRA registrations
3
2

Who owns 119 Neythal Road, and what is it valued at?

Key takeaway119 Neythal Road is owned by Mapletree Logistics Trust, a REIT 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.
Valued at S$10.3 million as at 15 Dec 2023, by Jones Lang LaSalle Property Consultants Pte. Ltd..
Independent full valuation as at 15 December 2023; comfort letter as at 31 March 2024.
119 Neythal Road: Mapletree Logistics Trust's annual report (2025)
Land tenure
60 years
Whole-building deals
  1. Announced 13 Jun 2024 · completed 12 Sep 2024
    HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of MLT) sold 119 Neythal Road for S$13.8 million (sale price).
    At the time: NLA 120,427 sq ft

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.

3

About 119 Neythal Road

119 Neythal Road is an industrial property in Boon Lay (District 22). It is located along Neythal Road, Singapore 628605.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 13 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase.

4 transactions have been recorded here, at a median of S$160 psf. The most recent was in June 2024.

Across JTC's rental returns for Neythal Road, the median rent for industrial space on this street works out to about S$1.01 psf per month over 8 observations. Observed medians on the street span S$0.27 to S$1.95 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

2 industrial projects are still uncompleted on this street, adding about 25,590 sqm of gross floor area, the earliest due around 2026.

The nearest port or airport land is about 2.4 km away. The closest business-park zone is about 2.3 km away. The closest bus stop (Aft Pioneer Rd Nth) is 75 m away (about a 1-minute walk).

5 businesses are currently registered at this address with ACRA.

4

What is 119 Neythal Road zoned as?

Key takeaway119 Neythal Road sits on land zoned BUSINESS 2 with a gross plot ratio of 2.5.
Land-use zone
BUSINESS 2
Gross plot ratio
2.5

Run the full zoning report for this building →

5

What has 119 Neythal Road sold for?

Key takeaway4 transactions are on record since 1995, most recently in Jun 2024 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jun 2024Single-user FactoryS$13.80M97,036 sqft$142
Nov 2007Single-user FactoryS$17.27M97,036 sqft$178
Aug 2007Single-user FactoryS$17.27M97,036 sqft$178
Nov 2003Single-user FactoryS$2.00M97,036 sqft$21

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

6

Market context around 119 Neythal Road

Key takeawayBrokers' industrial figures for Singapore as a whole — a broker's market figure, not this building's rent.
CBRE, 2Q 2026 (island-wide)
  • Factory (ground floor): Rent S$1.81 psf/mth
  • Factory (upper floor): Rent S$1.41 psf/mth
  • Prime logistics: Rent S$1.87 psf/mth · Capital value S$245 psf · Net yield 6.5%
  • Warehouse (ground floor): Rent S$1.91 psf/mth
  • Warehouse (upper floor): Rent S$1.39 psf/mth
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026 (island-wide)
  • Factory - Ground Floor: Rent S$1.79 psf/mth
  • Factory - Upper Floor: Rent S$1.57 psf/mth
  • High-Tech: Rent S$3.56 psf/mth
  • Prime Logistics - Ground Floor: Rent S$1.92 psf/mth
  • Prime Logistics - Upper Floor: Rent S$1.74 psf/mth
  • Warehouse - Ground Floor: Rent S$1.81 psf/mth
  • Warehouse - Upper Floor: Rent S$1.49 psf/mth
Singapore Industrial MarketBeat Q2 2026

Official series (JTC, 2026Q3): Multiple-User Factory occupancy (island-wide) 90.3% (-0.7 pp on the year) · Single-User Factory occupancy (island-wide) 89.1% (0 pp on the year) · Warehouse occupancy (island-wide) 89.7% (+0.1 pp 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.

7

What's been approved at 119 Neythal Road?

Key takeawayURA has approved 3 changes of use at 119 Neythal Road since 2000, most recently in 2020. 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.
  1. 9 Apr 2025Renewed
    Change of use

    Continued use of secondary workers' dormitory (for 358 workers) to the existing 5 storey single user industrial development

  2. 5 Feb 2020Approved
    Change of use to secondary workers dormitory

    Proposed change of use of the approved 3rd storey secondary workers dormitory, part 2nd storey, part 4th storey, and part 5th storey production areas to secondary workers dormitory (358 workers) to the existing 5 storey single user industrial development

  3. 27 Jun 2018Approved
    Change of use to secondary workers' dormitory

    Proposed change of use of the 3rd storey production area to secondary workers' dormitory (220 workers) in the existing 5 storey single user industrial development on lot 00882k mk 06 at 119 neythal road (boon lay planning area)

  4. 12 Jun 2009Approved
    Change of use to workers' dormitory

    Proposed change of use and additions and alterations of existing factory area to workers' dormitory at 4th storey of existing 5th storey factory

  5. 12 Aug 2005Approved
    Additions & alterations

    Proposed change of use and additions and alterations of existing factory area to workers' dormitory at 4th storey of existing 5th storey factory on plot a1434

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).

8

What is near 119 Neythal Road?

Amenities nearby

Aft Pioneer Rd Nth · 75 mAcumed Medical Group (Pioneer) · 401 mEducational Institution · 924 m

Straight-line distances. Source: PropKaki amenities data.

9

Getting there and parking at 119 Neythal Road

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Pioneer, 1.1 km away. No public car park we hold is within 500 m; the nearest is First Lok Yang Rd (URA), 539 m away; the nearest URA season parking is Neythal Rd, 603 m away (S$90/month).
Foot traffic: busier than 32% of industrial buildings

no MRT/LRT within 1 km (nearest Pioneer, 1.1 km); bus stops within 400 m: 9, about 1,427 taps a weekday; Boon Lay: 19,300 resident workers (Census 2020, by workplace); about 4,825 residents within 1 km (June 2026). Ranked against 8,225 industrial 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), not a count of people.

Bus

9 bus stops within 400 m, with 1,427 boardings and alightings on an average weekday.

10

Who's registered at 119 Neythal Road?

Key takeaway3 live companies (and LLPs and branches; sole proprietors are not counted) list 119 Neythal Road as their registered address. These are registered businesses, not who occupies the space.
  • Wholesale and retail trade
    1
  • Construction
    1
  • Manufacturing
    1
  • Professional, scientific and technical services
    0
  • Administrative and support services
    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.

11

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$10.85 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$10.85 psm/mo
Observed range
S$2.88 – S$20.99
Pipeline on this street
2 projects · earliest TOP 2026

JTC street medians span 2000 to today and are an all-time level, not today's asking rent; the forward pipeline is a forecast, not committed completions.

12

Frequently asked questions about 119 Neythal Road

Where is 119 Neythal Road?⌄

119 Neythal Road is at 119 Neythal Road, Singapore 628605, in the Boon Lay planning area.

What is 119 Neythal Road zoned as?⌄

119 Neythal Road is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

What kind of business can operate at 119 Neythal Road?⌄

Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of 119 Neythal Road?⌄

119 Neythal Road is leasehold. About 13 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at 119 Neythal Road sold for?⌄

Across 4 recorded transactions, the median is S$160 psf. The latest was in June 2024.

What does industrial space near 119 Neythal Road rent for?⌄

JTC's rental returns for Neythal Road put the median at about S$1.01 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Neythal Road, not a rent quoted for 119 Neythal Road itself.

How many businesses are registered at 119 Neythal Road?⌄

5 businesses are currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.

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