IndustrialBUSINESS 1LeaseholdDistrict 3 · Bukit Merah

23 Leng Kee Road

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 2018

Quick Summary

23 Leng Kee Road is a industrial building in District 3 · Bukit Merah, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 27 years remaining. 1 transaction is on record since 1995, most recently in Nov 2018. ACRA records 0 live company registrations at this address.

The facts are here — now get the verdict on 23 Leng Kee Road.

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What are the key facts about 23 Leng Kee Road?

Key takeaway23 Leng Kee Road is a industrial building in District 3 · Bukit Merah, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 3 · Bukit Merah
Address: 23 Leng Kee Road
Land area: —
Completed: Not on record
Storeys: 3 (© OpenStreetMap contributors)
Estate (JTC): Alexandra Village Industrial Estate
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 0

About 23 Leng Kee Road

23 Leng Kee Road is an industrial property in Bukit Merah (District 03). It is located along Leng Kee Road, Singapore 159095.

Under the URA Master Plan the site is zoned Business 1 with a gross plot ratio of 2.5. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

The site is leasehold, with about 27 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase.

1 transaction has been recorded here, at a median of S$825 psf. The most recent was in November 2018.

Across JTC's rental returns for Leng Kee Road, the median rent for industrial space on this street works out to about S$2.50 psf per month over 105 observations. Observed medians on the street span S$2.05 to S$4.00 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

1 industrial project is still uncompleted on this street, adding about 17,900 sqm of gross floor area, the earliest due around 2030.

The nearest port or airport land is about 2.8 km away. The closest business-park zone is about 1.9 km away. The nearest MRT is Redhill MRT, 504 m away (about a 8-minute walk). The closest bus stop (Skoda S'pore/Volkswagen Grp) is 71 m away (about a 1-minute walk).

What is 23 Leng Kee Road zoned as?

Key takeaway23 Leng Kee Road 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 23 Leng Kee Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Nov 2018 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Nov 2018	Single-user Factory	S$33.00M	39,990 sqft	$825

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 23 Leng Kee Road rent for?

Key takeawayNo rent is published for 23 Leng Kee Road itself. On its street, Leng Kee Road, strata factory space rented at a median of $3.95 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 Leng Kee Road

Street level · 2026Q3

25th pct

—

— psm

Median

$3.95

$42.51 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +36.2% on a year earlier

2023Q4 · $34.98 psm2026Q3 · $42.51 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.

Market context around 23 Leng Kee 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.

What is near 23 Leng Kee Road?

Key takeawayThe nearest MRT/LRT is Redhill MRT, about 504 m away.

Getting around

Redhill MRT504 m · ~8 min

Amenities nearby

Skoda S'pore/Volkswagen Grp · 71 mEducational Institution · 257 mL & H Polyclinic And Surgery · 286 mRedhill MRT Exit A · 537 mABC Brickworks Market & Food Centre · 604 mAlexandra Hospital · 1.5 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 23 Leng Kee Road

Key takeawayThe nearest station is Redhill (EW18), 504 m away — a moderately busy station, with about 39,000 taps in and out on an average weekday. 22 public car parks are within 500 m.

Foot traffic: busier than 96% of industrial buildings

nearest MRT/LRT Redhill (EW18) 504 m, about 39,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 15, about 17,000 taps a weekday; Bukit Merah: 103,575 resident workers (Census 2020, by workplace); about 50,000 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.

Stations within 1 km

Redhill (EW18)504 m · about 39,000 weekday taps
Queenstown (EW19)795 m · about 36,000 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 23 Leng Kee Road. Transfers between lines don't tap, so interchanges read low.

Bus

15 bus stops within 400 m, with about 17,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Leng Kee Rd (URA)38 m
S$0.60 per half-hour at midday on a weekday · 24 car lots
Kung Chong Rd (URA)90 m
S$0.60 per half-hour at midday on a weekday · 27 car lots
Chang Charn Rd (URA)183 m
S$0.60 per half-hour at midday on a weekday · 11 car lots
Blk 61 Lengkok Bahru (HDB)191 m
S$0.60 per half-hour at midday on a weekday · 26 car lots
Blk 37A Jalan Rumah Tinggi (HDB)245 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 428 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.

Nearest URA season parking: Queensway Off St (Ride Out Tea Garden), 1.9 km away, S$90/month.

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

Who's registered at 23 Leng Kee Road?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list 23 Leng Kee Road as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
0
Real estate
0
Professional, scientific and technical 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.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$26.91 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$26.91 psm/mo
Observed range: S$22.07 – S$43.05
Pipeline on this street: 1 project · earliest TOP 2030

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.

Frequently asked questions about 23 Leng Kee Road

Where is 23 Leng Kee Road?⌄

23 Leng Kee Road is at 23 Leng Kee Road, Singapore 159095, in the Bukit Merah planning area.

What is 23 Leng Kee Road zoned as?⌄

23 Leng Kee Road is zoned Business 1 under the URA Master Plan, with a gross plot ratio of 2.5. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

What kind of business can operate at 23 Leng Kee Road?⌄

Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of 23 Leng Kee Road?⌄

23 Leng Kee Road is leasehold. About 27 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at 23 Leng Kee Road sold for?⌄

Across 1 recorded transaction, the median is S$825 psf. The latest was in November 2018.

What does industrial space near 23 Leng Kee Road rent for?⌄

JTC's rental returns for Leng Kee Road put the median at about S$2.50 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Leng Kee Road, not a rent quoted for 23 Leng Kee Road itself.

What is the nearest MRT station to 23 Leng Kee Road?⌄

Redhill MRT is the closest, 504 m away (about a 8-minute walk).

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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

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.

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.

Median across 2000Q1-2026Q2 — an all-time level, NOT a current rent. Quote the latest quarter for "what does it rent for now".

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 estate boundaries, 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.