IndustrialBUSINESS 2LeaseholdDistrict 22 · Jurong East

31 Penjuru Lane

Reviewed by Nathan TangUpdated 8 November 2026Data through Mar 2025
Quick Summary

31 Penjuru Lane is a industrial building in District 22 · Jurong East, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold. 2 transactions are on record since 1995, most recently in Mar 2025. ACRA records 6 live company registrations at this address.

1

What are the key facts about 31 Penjuru Lane?

Key takeaway31 Penjuru Lane is a industrial building in District 22 · Jurong East, zoned BUSINESS 2, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS 2
Gross plot ratio
2.5
Tenure
Leasehold
District / Area
District 22 · Jurong East
Address
31 Penjuru Lane
Land area
—
Completed
Not on record
Storeys
Not on record
Owner
Mapletree Logistics Trust (SGX filings)
Estate (JTC)
Jurong Industrial Estate
Transactions on record
2 (records start 1995)
Live listings
None
ACRA registrations
6
2

Who owns 31 Penjuru Lane, and what is it valued at?

Key takeaway31 Penjuru Lane 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$7.8 million as at 31 Mar 2025.
31 Penjuru Lane, 1 Genting Lane and 8 Tuas View Square were reclassified from investment properties to held for sale as at 31 March 2025. The carrying value is based on agreed property value.
31 Penjuru Lane: Mapletree Logistics Trust's annual report (2025)
Land tenure
30+13 years
Whole-building deals
  1. Announced 12 Mar 2025 · completed 15 Jul 2025
    HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of MLT) sold 31 Penjuru Lane for S$7.8 million (sale price) to an unrelated third party.

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 31 Penjuru Lane

31 Penjuru Lane is an industrial property in Jurong East (District 22). It is located along Penjuru Lane, Singapore 609198.

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 0 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase.

2 transactions have been recorded here, at a median of S$85 psf. The most recent was in March 2025.

Across JTC's rental returns for Penjuru Lane, the median rent for industrial space on this street works out to about S$1.16 psf per month over 46 observations. Observed medians on the street span S$0.56 to S$1.62 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

The nearest port or airport land is about 471 m away. The closest business-park zone is about 2.5 km away. The closest bus stop (Aft Penjuru Rd) is 333 m away (about a 5-minute walk).

8 businesses are currently registered at this address with ACRA.

4

What is 31 Penjuru Lane zoned as?

Key takeaway31 Penjuru Lane 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 31 Penjuru Lane sold for?

Key takeaway2 transactions are on record since 1995, most recently in Mar 2025 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Mar 2025WarehouseS$7.80M140,590 sqft$55
Apr 2006Single-user FactoryS$16.20M140,590 sqft$115

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

What does space at 31 Penjuru Lane rent for?

Key takeawayNo rent is published for 31 Penjuru Lane itself. On its street, Penjuru Lane, strata factory space rented at a median of $1.60 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 Penjuru Lane

Street level · 2026Q3
25th pct
—
— psm
Median
$1.60
$17.22 psm
75th pct
—
— psm

S$ per sq ft per month (median only published) · median -1.5% on a year earlier

2023Q4 · $15.82 psm2026Q3 · $17.22 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.

7

Market context around 31 Penjuru Lane

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.

8

What's been approved at 31 Penjuru Lane?

Key takeawayURA's planning decisions at 31 Penjuru Lane since 2000 are below. 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. 20 Dec 2006Approved
    Additions & alterations

    Proposed additions & alterations to existing part 5/10 storey warehouse with ancillary office and exisiting 3-storey warehouse

  2. 19 May 2006Approved
    Additions & alterations

    Proposed retention of existng open sided shed at existing 10-storey warehouse with mezzanine

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).

9

What is near 31 Penjuru Lane?

Amenities nearby

Aft Penjuru Rd · 333 mPort / Airport · 471 mDrs Koo, Fok & Associates · 1.3 km

Straight-line distances. Source: PropKaki amenities data.

10

Getting there and parking at 31 Penjuru Lane

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Jurong East, 3.0 km away. No public car park we hold is within 500 m; the nearest is Penjuru Close (URA), 520 m away; the nearest URA season parking is Jln Besut, 959 m away (S$90/month).
Foot traffic: busier than 38% of industrial buildings

no MRT/LRT within 1 km (nearest Jurong East, 3.0 km); bus stops within 400 m: 2, about 500 taps a weekday; Jurong East: 62,478 resident workers (Census 2020, by workplace); about 775 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

2 bus stops within 400 m, with 500 boardings and alightings on an average weekday.

11

Who's registered at 31 Penjuru Lane?

Key takeaway6 live companies (and LLPs and branches; sole proprietors are not counted) list 31 Penjuru Lane as their registered address. These are registered businesses, not who occupies the space.
  • Wholesale and retail trade
    3
  • Manufacturing
    1
  • Water supply, sewerage and waste management
    1
  • Professional, scientific and technical services
    1
  • Transportation and storage
    0
  • Real estate
    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.

12

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$12.46 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$12.46 psm/mo
Observed range
S$6.07 – S$17.49

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.

13

Frequently asked questions about 31 Penjuru Lane

Where is 31 Penjuru Lane?⌄

31 Penjuru Lane is at 31 Penjuru Lane, Singapore 609198, in the Jurong East planning area.

What is 31 Penjuru Lane zoned as?⌄

31 Penjuru Lane 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 31 Penjuru Lane?⌄

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 31 Penjuru Lane?⌄

31 Penjuru Lane is leasehold. About 0 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at 31 Penjuru Lane sold for?⌄

Across 2 recorded transactions, the median is S$85 psf. The latest was in March 2025.

What does industrial space near 31 Penjuru Lane rent for?⌄

JTC's rental returns for Penjuru Lane put the median at about S$1.16 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Penjuru Lane, not a rent quoted for 31 Penjuru Lane itself.

How many businesses are registered at 31 Penjuru Lane?⌄

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

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