IndustrialBUSINESS 2District 22 · Jurong East

40 Penjuru Lane

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

40 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. 6 units are currently listed for rent. ACRA records 16 live company registrations at this address.

The facts are here — now get the verdict on 40 Penjuru Lane.

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What are the key facts about 40 Penjuru Lane?

Key takeaway40 Penjuru Lane is a industrial building in District 22 · Jurong East, zoned BUSINESS 2.

Asset class: Industrial
Land-use zone: BUSINESS 2
Gross plot ratio: 2.5
Tenure: Not on record
District / Area: District 22 · Jurong East
Address: —
Land area: 20,572 sqm
Completed: Not on record
Storeys: Not on record
Owner: CapitaLand Ascendas REIT (SGX filings)
Net lettable area: 1,634,961 sq ft (the owner's annual report (as filed on SGX))
Estate (JTC): Jurong Industrial Estate
Listed as: Factory / Workshop (B2), Warehouse
Transactions on record: None recorded
Live listings: 6
ACRA registrations: 16

No recorded transactions — this building has never generated a strata caveat (typically single-owner or lease-only stock). That is not missing data, and it says nothing about the building's value, occupancy or availability.

Who owns 40 Penjuru Lane, and what is it valued at?

Key takeaway40 Penjuru Lane is owned by CapitaLand Ascendas REIT, 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$283 million as at 31 Dec 2025, by JLL SG.

per CapitaLand Ascendas REIT's SGX filing, 5 Feb 2026

Earlier: S$280 million (31 Dec 2024) · S$232.6 million (31 Dec 2022)

40 Penjuru Lane: CapitaLand Ascendas REIT's annual report (2025)

Occupancy: 100% (as of 31 Dec 2025)

per CapitaLand Ascendas REIT's annual report (SGX), 1 Apr 2026, page 54

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.

About 40 Penjuru Lane

40 Penjuru Lane is an industrial building in Jurong East (District 22). It is located along Penjuru Lane, Singapore 609216.

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.

It sits on about 20,572 sqm of land with roughly 160,939 sqm of gross floor area.

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 496 m away. The closest business-park zone is about 2.3 km away. The closest bus stop (Aft Penjuru Rd) is 166 m away (about a 3-minute walk).

19 businesses are currently registered at this address with ACRA.

What is 40 Penjuru Lane zoned as?

Key takeaway40 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 →

What does space at 40 Penjuru Lane rent for?

Key takeawayNo rent is published for 40 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.

Market context around 40 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.

How fast units move at 40 Penjuru Lane

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 6 units for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 2 new listings appeared and 2 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

What's been approved at 40 Penjuru Lane?

Key takeawayURA's planning decisions at 40 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.

9 Jun 2023Approved
Additions & alterations
Proposed 20000 litres diesel storage tank with 2 dispensing hoses pump in lots 03209w & 07865v mk05 on 40 penjuru lane, singapore 609216 (jurong east planning area)
3 Dec 2021Approved
Additions & alterations
Proposed retention 1 unit of 20000 litres diesel storage tank at 40 penjuru lane singapore 609216
29 Jul 2019Approved
Additions & alterations
Porposed installation of tpg communication equipment and 12m h antenna mast on rooftop of ascendas reit logistics
11 Aug 2015Agency works
Additions & alterations
Proposed addition & alteration works involving erection of a new 4-storey warehouse building to existing warehouse development on lot 03209w & 07865v mk05 at 40 penjuru lane (jurong east planning area)
14 Jan 2015Agency works
Additions & alterations
Proposed addition & alteration works involving erection of a new 4-storey warehouse building to existing warehouse development on lot 03209w & 07865v mk05 at 40 penjuru lane (jurong east planning area)
4 Jun 2014Agency works
Additions & alterations
Proposed addition & alteration works involving erection of a new 4-storey warehouse building to existing warehouse development on lot 03209w & 07865v mk05 at 40 penjuru lane (jurong east planning area)

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).

What is available at 40 Penjuru Lane right now?

Key takeaway6 units are currently listed at 40 Penjuru Lane. One row per unit; several agents often market the same unit.

For rent (6)

40 Penjuru Lane, 609216S$62k/mo · 38,600 sqft
40 Penjuru LaneS$106k/mo · 58,976 sqft
40 Penjuru LaneS$105k/mo · 58,975 sqft
Warehouse, Ramp Up, Penjuru, High Ceiling 8m, StorageS$105k/mo · 65,407 sqft

Browse every listing at this building →

What is near 40 Penjuru Lane?

Amenities nearby

Aft Penjuru Rd · 167 mPort / Airport · 496 mDrs Koo, Fok & Associates · 1.1 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 40 Penjuru Lane

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Jurong East, 2.8 km away. One public car park is within 500 m.

Foot traffic: busier than 38% of industrial buildings

no MRT/LRT within 1 km (nearest Jurong East, 2.8 km); bus stops within 400 m: 2, about 500 taps a weekday; Jurong East: 62,478 resident workers (Census 2020, by workplace); about 1,290 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.

Public car parks within 500 m

Penjuru Close (URA)367 m
S$0.60 per half-hour at midday on a weekday · 11 car lots

Nearest URA season parking: Jln Besut, 844 m away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. 40 Penjuru Lane's own car park, if it has one, and its charges are not in the open data.

Who's registered at 40 Penjuru Lane?

Key takeaway16 live companies (and LLPs and branches; sole proprietors are not counted) list 40 Penjuru Lane as their registered address. These are registered businesses, not who occupies the space.

Transportation and storage
7
Wholesale and retail trade
4
Professional, scientific and technical services
3
Manufacturing
1
Arts, entertainment and recreation
1
Financial and insurance
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$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.

Frequently asked questions about 40 Penjuru Lane

Where is 40 Penjuru Lane?⌄

40 Penjuru Lane is at Penjuru Lane, Singapore 609216, in the Jurong East planning area.

What is 40 Penjuru Lane zoned as?⌄

40 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 40 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.

Have there been any recorded transactions at 40 Penjuru Lane?⌄

No caveats have been lodged for 40 Penjuru Lane in the records we track. That is common for single-owner industrial buildings, which never generate strata transactions.

What does industrial space near 40 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 40 Penjuru Lane itself.

How many businesses are registered at 40 Penjuru Lane?⌄

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

For agents · in the PropKaki app

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Read the figures right

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

Owner: the REIT or SGX-listed company whose latest valuation notice or annual report lists this building (a later divestment removes it). '(N% interest)' or '(part of the strata)' when it holds less than the whole. A building with no listed owner shows none — a private owner is never named.

Net lettable area: as the owner's latest annual report prints it (sq m converted to sq ft where needed).

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.

Tenure is not recorded for this building. Commercial tenure coverage is roughly 40% (industrial is far better at ~90%).

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

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, the owner's SGX filings, the owner's annual report (as filed on SGX), URA car park data (URA Data Service), PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Owners, valuations and deals: the owners' own filings on SGX (notices of valuation of real assets, acquisition and divestment announcements, annual reports), facts only, each with its date.

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.