IndustrialBUSINESS 1LeaseholdDistrict 12 · Toa Payoh

623 Lorong 4 Toa Payoh

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 1999

Quick Summary

623 Lorong 4 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 3 years remaining. 1 transaction is on record since 1995, most recently in Nov 1999. ACRA records 2 live company registrations at this address.

The facts are here — now get the verdict on 623 Lorong 4 Toa Payoh.

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What are the key facts about 623 Lorong 4 Toa Payoh?

Key takeaway623 Lorong 4 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: 623 Lorong 4 Toa Payoh
Land area: —
Completed: Not on record
Storeys: Not on record
Estate (JTC): Toa Payoh Industrial Estate
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 2

About 623 Lorong 4 Toa Payoh

623 Lorong 4 Toa Payoh is an industrial property in Toa Payoh (District 12). It is located along Lorong 4 Toa Payoh, Singapore 319518.

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 3 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$103 psf. The most recent was in November 1999.

Across JTC's rental returns for Lorong 4 Toa Payoh, the median rent for industrial space on this street works out to about S$2.00 psf per month over 3 observations. Observed medians on the street span S$1.95 to S$2.32 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 6.9 km away. The closest business-park zone is about 3.7 km away. The nearest MRT is Toa Payoh MRT, 658 m away (about a 10-minute walk). The closest bus stop (Blk 68) is 143 m away (about a 2-minute walk).

2 businesses are currently registered at this address with ACRA.

What is 623 Lorong 4 Toa Payoh zoned as?

Key takeaway623 Lorong 4 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 623 Lorong 4 Toa Payoh sold for?

Key takeaway1 transaction is on record since 1995, most recently in Nov 1999 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Nov 1999	Single-user Factory	S$6.15M	59,802 sqft	$103

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 623 Lorong 4 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.

What's been approved at 623 Lorong 4 Toa Payoh?

Key takeawayURA has approved 1 change of use at 623 Lorong 4 Toa Payoh since 2000, most recently in 2022. 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.

18 Jul 2025Renewed
Continued use as core media activities and part of 2nd storey from audio video development studio
Continued use of part of the 1st storey from ancillary office to core media activities and part of 2nd storey from audio video development studio to ancillary training area and corridor to audio video production at 623 lorong 4 toa payoh
9 May 2022Approved
Change of use: ancillary office → core media activities and part of 2nd storey from audio video development studio
Proposed change of use of part of the 1st storey from ancillary office to core media activities and part of 2nd storey from audio video development studio to ancillary training area and corridor to audio video production at 623 lorong 4 toa payoh on lot 02908x mk17 at 623, lorong 4 toa payoh (toa payoh planning area)
5 Jun 2019Agency works
Additions & alterations
Proposed additions & alterations to the existing part 1-storey / part 3-storey industrial building (b1) on lot 02908x mk17 at 623 lorong 4 toa payoh, singapore 319518 (toa payoh planning area)
10 Jan 2001Approved
Additions & alterations
Proposed additions and alterations to the existing 3-storey factory building

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 near 623 Lorong 4 Toa Payoh?

Key takeawayThe nearest MRT/LRT is Toa Payoh MRT, about 658 m away.

Getting around

Toa Payoh MRT658 m · ~10 min

Amenities nearby

Sheffield Clinic & Surgery · 135 mBlk 68 · 143 mBlk 74 Toa Payoh Lorong 4 · 217 mEducational Institution · 427 mToa Payoh MRT Exit A · 637 mRen Ci Community Hospital · 1.4 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 623 Lorong 4 Toa Payoh

Key takeawayThe nearest station is Toa Payoh (NS19), 637 m away — a busy station, with about 76,000 taps in and out on an average weekday. 16 public car parks are within 500 m.

Foot traffic: busier than 95% of industrial buildings

nearest MRT/LRT Toa Payoh (NS19) 637 m, about 76,000 taps a weekday; bus stops within 400 m: 12, about 17,000 taps a weekday; Toa Payoh: 53,749 resident workers (Census 2020, by workplace); about 74,000 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

Toa Payoh (NS19)637 m · about 76,000 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 623 Lorong 4 Toa Payoh. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

Blk 71/72 Lorong 5 Toa Payoh (HDB)171 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 80 car lots
Blk 68 Lorong 5 Toa Payoh (HDB)194 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 113 car lots
Blk 35A Lorong 5 Toa Payoh (HDB)234 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 358 car lots
Blk 261A Toa Payoh East (HDB)261 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 364 car lots
Blk 66/70/73 Lorong 4 Toa Payoh (HDB)277 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 27 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: Kim Keat Close, 1.1 km away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. 623 Lorong 4 Toa Payoh's own car park, if it has one, and its charges are not in the open data.

Who's registered at 623 Lorong 4 Toa Payoh?

Key takeaway2 live companies (and LLPs and branches; sole proprietors are not counted) list 623 Lorong 4 Toa Payoh as their registered address. These are registered businesses, not who occupies the space.

Other services
2
Manufacturing
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$21.53 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$21.53 psm/mo
Observed range: S$20.99 – S$24.99

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 623 Lorong 4 Toa Payoh

Where is 623 Lorong 4 Toa Payoh?⌄

623 Lorong 4 Toa Payoh is at 623 Lorong 4 Toa Payoh, Singapore 319518, in the Toa Payoh planning area.

What is 623 Lorong 4 Toa Payoh zoned as?⌄

623 Lorong 4 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 623 Lorong 4 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 623 Lorong 4 Toa Payoh?⌄

623 Lorong 4 Toa Payoh is leasehold. About 3 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at 623 Lorong 4 Toa Payoh sold for?⌄

Across 1 recorded transaction, the median is S$103 psf. The latest was in November 1999.

What does industrial space near 623 Lorong 4 Toa Payoh rent for?⌄

JTC's rental returns for Lorong 4 Toa Payoh put the median at about S$2.00 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Lorong 4 Toa Payoh, not a rent quoted for 623 Lorong 4 Toa Payoh itself.

What is the nearest MRT station to 623 Lorong 4 Toa Payoh?⌄

Toa Payoh MRT is the closest, 658 m away (about a 10-minute walk).

How many businesses are registered at 623 Lorong 4 Toa Payoh?⌄

2 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.

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".

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, HDB car park information (data.gov.sg), LTA DataMall passenger volumes, PropKaki's foot-traffic model — 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.