531 Bukit Batok Street 23

Asset class

Industrial

Land-use zone

BUSINESS 1

Gross plot ratio

2.5

Tenure

Leasehold

District / Area

District 23 · Bukit Batok

Address

531 Bukit Batok Street 23

Land area

—

Completed

Not on record

Storeys

Not on record

Estate (JTC)

Bukit Batok Industrial Park A

Transactions on record

2 (records start 1995)

Live listings

None

ACRA registrations

0

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.

531 Bukit Batok Street 23 is an industrial property in Bukit Batok (District 23). It is located along Bukit Batok Street 23, Singapore 659547.

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 68 years left to run.

2 transactions have been recorded here, at a median of S$260 psf. The most recent was in September 2018.

Across JTC's rental returns for Bukit Batok Street 23, the median rent for industrial space on this street works out to about S$1.75 psf per month over 98 observations. Observed medians on the street span S$0.85 to S$2.40 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 4.8 km away. The closest business-park zone is about 1.5 km away. The closest bus stop (Midview Bldg) is 136 m away (about a 2-minute walk).

Land-use zone

BUSINESS 1

Gross plot ratio

2.5

Run the full zoning report for this building →

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

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.

1. 15 Aug 2024Renewed
   Continued use as temporary ancillary workers' dormitory

   Continued use of part of 5th storey as temporary ancillary workers' dormitory (for 100 workers) in the 6-storey single-user light industrial factory building with basement carpark and ancillary offices

2. 22 Jul 2021Approved
   Additions & alterations

   Amendment to approved additions and alterations to the existing 6-storey single-user light industrial factory building with basement carpark, ancillary offices and temporary ancillary workers' dormitory (for 100 workers)

3. 15 Jul 2021Approved
   Additions & alterations

   Amendment to approved additions and alterations to the existing 6-storey single-user light industrial factory building with basement carpark, ancillary offices and temporary ancillary workers' dormitory (for 100 workers)

4. 11 Jun 2019Approved
   Additions & alterations

   Proposed additions and alterations to the existing 6-storey single-user light industrial factory building with basement carpark, ancillary offices and temporary ancillary workers' dormitory (for 100 workers)

5. 11 Jun 2015Agency works
   Additions & alterations

   Proposed additions and alterations to an existing 6-storey single-user factory building with basement carpark to a multi-user factory building on lot 06609a mk05 at 531 bukit batok street 23 singapore 659457 (bukit batok planning area)

6. 4 May 2011Renewed
   Continued use as ancillary workers dormitory

   Continued use of part of the 4th storey of the existing part 5/6 factory building to ancillary workers dormitory

7. 4 Apr 2008Approved
   Change of use to ancillary workers dormitory

   Proposed change of use of part of the 4th storey of the existing part 5/6 factory building to ancillary workers dormitory

8. 10 Aug 2005Approved
   Additions & alterations

   Proposed amendment to the approved additions and alterations to the existing part 5/6-storey with basement carpark factory building with ancillary offices

9. 4 Aug 2004Approved
   Additions & alterations

   A/a to the existing part 5/6-sty with basement carpark factory bldg with ancillary offices

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).

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.

Straight-line distances. Source: PropKaki amenities data.

• Manufacturing
  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.

Street rent, median

S$18.80 psm/mo

Observed range

S$9.13 – S$25.83

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.