IndustrialBUSINESS 1LeaseholdDistrict 12 · Toa Payoh

622 Lorong 1 Toa Payoh

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 2022

Quick Summary

622 Lorong 1 Toa Payoh is a industrial building in District 12 · Toa Payoh, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 4 years remaining. 1 transaction is on record since 1995, most recently in Aug 2022. 5 units are currently listed for rent. ACRA records 5 live company registrations at this address.

The facts are here — now get the verdict on 622 Lorong 1 Toa Payoh.

Ask PropKaki

What are the key facts about 622 Lorong 1 Toa Payoh?

Key takeaway622 Lorong 1 Toa Payoh is a industrial building in District 12 · Toa Payoh, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 12 · Toa Payoh
Address: 622 Lorong 1 Toa Payoh
Land area: —
Completed: Not on record
Storeys: 6 (© OpenStreetMap contributors)
Owner: CapitaLand Ascendas REIT (SGX filings)
Estate (JTC): Toa Payoh Industrial Estate
Listed as: Light Industrial (B1), Office
Transactions on record: 1 (records start 1995)
Live listings: 5
ACRA registrations: 5

Who owns 622 Lorong 1 Toa Payoh, and what is it valued at?

Key takeaway622 Lorong 1 Toa Payoh 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$113.2 million as at 31 Dec 2025, by C&W.

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

Earlier: S$112.5 million (31 Dec 2024)

Whole-building deals

Announced 11 Jan 2023 · completed 11 Jan 2023
Bought 622 Toa Payoh Lorong 1.
Announcement on SGX · completion notice
Announced 4 Aug 2022
HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Ascendas Reit bought Philips APAC Center for S$104.8 million (purchase consideration) from Philips Electronics Singapore Pte Ltd.
At the time: occupancy 95.7% (Jun 2022) · WALE 4.5 years
Announcement on SGX

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 622 Lorong 1 Toa Payoh

622 Lorong 1 Toa Payoh is an industrial property in Toa Payoh (District 12). It is located along Lorong 1 Toa Payoh, Singapore 319763.

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 4 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$641 psf. The most recent was in August 2022.

The nearest port or airport land is about 7.3 km away. The closest business-park zone is about 4.8 km away. The nearest MRT is Caldecott MRT, 489 m away (about a 8-minute walk). The closest bus stop (Opp Blk 139A) is 212 m away (about a 3-minute walk).

5 businesses are currently registered at this address with ACRA.

What is 622 Lorong 1 Toa Payoh zoned as?

Key takeaway622 Lorong 1 Toa Payoh 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 622 Lorong 1 Toa Payoh sold for?

Key takeaway1 transaction is on record since 1995, most recently in Aug 2022 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Aug 2022	Single-user Factory	S$104.80M	163,563 sqft	$641

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

Market context around 622 Lorong 1 Toa Payoh

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 622 Lorong 1 Toa Payoh

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 5 units for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 1 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 622 Lorong 1 Toa Payoh?

Key takeawayURA has approved 2 changes of use at 622 Lorong 1 Toa Payoh since 2000, most recently in 2023. 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.

15 Sept 2023ApprovedFloor 2
Change of use to childcare centre
Proposed change of use of #02-XX of the existing 6-storey single user industrial building to childcare centre
18 Feb 2016Approved
Additions & alterations
Proposed gfa regularization and amendment to approved major additions & alterations works to existing 4-storey industrial building (for philips electronic singapore pte ltd) with additional 2 storeys to become 6-storey single user industrial building
16 Nov 2015Approved
Additions & alterations
Proposed amendment to approved major additions & alterations works to existing 4-storey industrial building (for philips electronic singapore pte ltd) with additional 2 storeys to become 6-storey single user industrial building
4 Aug 2015Approved
Additions & alterations
Proposed gfa regularization and amendment to approved major additions & alterations works to existing 4-storey industrial building (for philips electronic singapore pte ltd) with additional 2 storeys to become 6-storey single user industrial building
17 Apr 2015Approved
Additions & alterations
Proposed major additions & alterations works to existing 4-storey industrial building (for philips electronic singapore pte ltd) with additional 2 storeys to become 6-storey single user industrial building
23 Nov 2011Approved
Change of use to type 1 e-business
Change of use of part of 2nd storey ancillary store area to type 1 e-business (design and integration of self-service kiosk hardware and software system for it and computer touchscreen devices)

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 622 Lorong 1 Toa Payoh right now?

Key takeaway5 units are currently listed at 622 Lorong 1 Toa Payoh. One row per unit; several agents often market the same unit.

For rent (5)

Ground floor experiential / product showroom 5mins walk to mrt stationS$21k/mo · 6,000 sqft
Corporate Fitted office near 2 mrt stationS$18k/mo · 5,000 sqft
Ground Floor B1 Space Suits Service Center/Ancillary ShowroomS$58k/mo · 14,900 sqft
Philips Centre2 agentsS$38k/mo · 9,870 sqft

Browse every listing at this building →

What is near 622 Lorong 1 Toa Payoh?

Key takeawayThe nearest MRT/LRT is Caldecott MRT, about 489 m away.

Getting around

Caldecott MRT489 m · ~8 min

Amenities nearby

Educational Institution · 78 mOpp Blk 139A · 212 mMediview Clinic & Surgery · 237 mCaldecott MRT Exit 4 · 391 mBlk 127 Toa Payoh Lorong 1 · 464 mMount Alvernia Hospital · 984 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 622 Lorong 1 Toa Payoh

Key takeawayThe nearest station is Caldecott (CC17 / TE9), 391 m away — a moderately busy station, with about 20,000 taps in and out on an average weekday. 11 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 95% of industrial buildings

nearest MRT/LRT Caldecott (CC17/TE9) 391 m, about 20,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 6, about 6,788 taps a weekday; Toa Payoh: 53,749 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

Caldecott (CC17 / TE9)391 m · about 20,000 weekday taps
Toa Payoh (NS19)457 m · about 76,000 weekday taps
Braddell (NS18)810 m · about 31,000 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 622 Lorong 1 Toa Payoh. Transfers between lines don't tap, so interchanges read low.

Bus

6 bus stops within 400 m, with 6,788 boardings and alightings on an average weekday.

Public car parks within 500 m

Toa Payoh West (URA)110 m
S$0.60 per half-hour at midday on a weekday · season S$90/month · 53 car lots
Blk 148 To 150 Lorong 1 Toa Payoh (HDB)164 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 183 car lots
Blk 130 Lorong 1 Toa Payoh (HDB)275 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 655 car lots
Blk 146A Lorong 2 Toa Payoh (HDB)321 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 657 car lots
Blk 156A Lorong 1 Toa Payoh (HDB)336 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 601 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.

Public car parks only, by straight-line distance, with the operator's published rates. 622 Lorong 1 Toa Payoh's own car park, if it has one, and its charges are not in the open data.

Who's registered at 622 Lorong 1 Toa Payoh?

Key takeaway5 live companies (and LLPs and branches; sole proprietors are not counted) list 622 Lorong 1 Toa Payoh as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
4
Information and communications
1

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.

Frequently asked questions about 622 Lorong 1 Toa Payoh

Where is 622 Lorong 1 Toa Payoh?⌄

622 Lorong 1 Toa Payoh is at 622 Lorong 1 Toa Payoh, Singapore 319763, in the Toa Payoh planning area.

What is 622 Lorong 1 Toa Payoh zoned as?⌄

622 Lorong 1 Toa Payoh 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 622 Lorong 1 Toa Payoh?⌄

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 622 Lorong 1 Toa Payoh?⌄

622 Lorong 1 Toa Payoh is leasehold. About 4 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at 622 Lorong 1 Toa Payoh sold for?⌄

Across 1 recorded transaction, the median is S$641 psf. The latest was in August 2022.

What is the nearest MRT station to 622 Lorong 1 Toa Payoh?⌄

Caldecott MRT is the closest, 489 m away (about a 8-minute walk).

How many businesses are registered at 622 Lorong 1 Toa Payoh?⌄

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

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Read the figures right

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

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

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.

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.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

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.

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 planning decisions, the owner's SGX filings, 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.

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.