IndustrialFreeholdDistrict 23 · Bukit Batok

12-24 Hillview Terrace

Reviewed by Nathan TangUpdated 8 November 2026Data through May 2011
Quick Summary

12-24 Hillview Terrace is a industrial building in District 23 · Bukit Batok. It is freehold. 1 transaction is on record since 1995, most recently in May 2011. ACRA records 0 live company registrations at this address.

1

What are the key facts about 12-24 Hillview Terrace?

Key takeaway12-24 Hillview Terrace is a industrial building in District 23 · Bukit Batok, held freehold.
Asset class
Industrial
Land-use zone
Not on record
Gross plot ratio
—
Tenure
Freehold
District / Area
District 23 · Bukit Batok
Address
12-24 Hillview Terrace
Land area
—
Completed
Not on record
Storeys
Not on record
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
0
2

About 12-24 Hillview Terrace

12-24 Hillview Terrace is an industrial property in Bukit Batok (District 23). It is located along Hillview Terrace, Singapore 669224.

The site is freehold.

1 transaction has been recorded here, at a median of S$915 psf. The most recent was in May 2011.

Across JTC's rental returns for Hillview Terrace, the median rent for industrial space on this street works out to about S$1.33 psf per month over 95 observations. Observed medians on the street span S$0.46 to S$2.67 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

1 business is currently registered at this address with ACRA.

3

What has 12-24 Hillview Terrace sold for?

Key takeaway1 transaction is on record since 1995, most recently in May 2011 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
May 2011Single-user FactoryS$45.01M49,164 sqft$915

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

4

What does space at 12-24 Hillview Terrace rent for?

Key takeawayNo rent is published for 12-24 Hillview Terrace itself. On its street, Hillview Terrace, strata factory space rented at a median of $2.00 psf a month in 2026Q3. That is not this building's own rent, and never a quote for a particular unit.

Strata factory space on Hillview Terrace

Street level · 2026Q3
25th pct
—
— psm
Median
$2.00
$21.53 psm
75th pct
—
— psm

S$ per sq ft per month (median only published) · median +16.3% on a year earlier

2023Q3 · $16.15 psm2026Q3 · $21.53 psm median

This is the MEDIAN of JTC-published rents across leases on this street in the stated quarter, not the asking or contracted rent of any particular unit. Streets with too few leases are suppressed by JTC and appear as no value -- suppressed is not zero.

Source: JTC J-SPACE, rental of industrial space by street.

5

Market context around 12-24 Hillview Terrace

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.

6

What's been approved at 12-24 Hillview Terrace?

Key takeawayURA has approved 1 change of use at 12-24 Hillview Terrace since 2000, most recently in 2004. 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. 25 Jul 2008Renewed
    Continued use as ancillary workers' dormitory

    Continued use of the existing 2-storey single-user terrace factory with mezzanine as ancillary workers' dormitory

  2. 5 Jul 2005Renewed
    Continued use as ancillary workers' dormitory

    Continued use of the existing 2-sty single-user terrace factory with mezzanine as ancillary workers' dormitory

  3. 30 Aug 2004Approved
    Change of use to existing 2 sty single user terrace factory with mezzanine to workers dormitory

    Proposed cu to existing 2 sty single user terrace factory with mezzanine to workers dormitory

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).

7

How does Hillview Terrace price?

Key takeawayHillview Terrace's current JTC street rent is S$21.53 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 3.4% (3.1% net of property tax).
Strata sales on the street (5y)
12
Street median PSF (strata)
$703
Indicative street yield
3.4% gross
3.1% net of property tax

An INDICATIVE street-level yield, not a yield for any particular unit: the current-quarter JTC street rent divided by the street's strata sale PSF median.

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

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

8

Who's registered at 12-24 Hillview Terrace?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list 12-24 Hillview Terrace as their registered address. These are registered businesses, not who occupies the space.
  • 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.

9

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$14.32 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$14.32 psm/mo
Observed range
S$4.90 – S$28.69

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.

10

Frequently asked questions about 12-24 Hillview Terrace

Where is 12-24 Hillview Terrace?⌄

12-24 Hillview Terrace is at 12-24 Hillview Terrace, Singapore 669224, in the Bukit Batok planning area.

What is the tenure of 12-24 Hillview Terrace?⌄

12-24 Hillview Terrace is freehold.

What have units at 12-24 Hillview Terrace sold for?⌄

Across 1 recorded transaction, the median is S$915 psf. The latest was in May 2011.

What does industrial space near 12-24 Hillview Terrace rent for?⌄

JTC's rental returns for Hillview Terrace put the median at about S$1.33 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Hillview Terrace, not a rent quoted for 12-24 Hillview Terrace itself.

How many businesses are registered at 12-24 Hillview Terrace?⌄

1 business is currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.

For agents · in the PropKaki app

The facts are here — now get the verdict on 12-24 Hillview Terrace.

Ask what a unit here would fetch, what the zone allows, or how it compares.

PropKaki
Tell me about 12-24 Hillview Terrace — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…