PropKaki
IndustrialBUSINESS 1FreeholdDistrict 14 · Geylang

Az @ Paya Lebar

Reviewed by Nathan TangUpdated 10 August 2026Data through Jul 2026
Quick Summary

Az @ Paya Lebar is a industrial building in District 14 · Geylang, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is freehold. 268 transactions are on record since 1995, most recently in Jul 2026. 14 units are currently listed for sale or rent. ACRA records 1,050 live company registrations at this address.

The facts are here — now get the verdict on Az @ Paya Lebar.Ask PropKaki
1

What are the key facts about Az @ Paya Lebar?

Key takeawayAz @ Paya Lebar is a industrial building in District 14 · Geylang, zoned BUSINESS 1, held freehold.
Asset class
Industrial
Land-use zone
BUSINESS 1
Gross plot ratio
2.5
Tenure
Freehold
District / Area
District 14 · Geylang
Address
140 Paya Lebar Road
Land area
8,764 sqm
Transactions on record
268 (records start 1995)
Live listings
14
ACRA registrations
1,050
2

About Az @ Paya Lebar

Az @ Paya Lebar is an industrial building in Geylang (District 14). It is located along Paya Lebar Road, Singapore 409015.

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 freehold. It sits on about 8,764 sqm of land with roughly 21,911 sqm of gross floor area.

268 transactions have been recorded here, at a median of S$1,142 psf. The most recent was in July 2026.

Across JTC's rental returns for Paya Lebar Road, the median rent for industrial space on this street works out to about S$2.03 psf per month over 106 observations. Observed medians on the street span S$0.82 to S$3.35 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 6.8 km away. The closest business-park zone is about 1.4 km away. The nearest MRT is Macpherson MRT, 140 m away (about a 2-minute walk). The closest bus stop (Blk 3019) is 129 m away (about a 2-minute walk).

1,050 businesses are currently registered at this address with ACRA.

3

What is Az @ Paya Lebar zoned as?

Key takeawayAz @ Paya Lebar 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 →

4

What has Az @ Paya Lebar sold for?

Key takeawayAcross 268 recorded transactions since 1995, the median price is about S$1.45M, most recently in Jul 2026.
DateUsePriceAreaPSF
Jul 2026Multiple-user FactoryS$2.09M1,238 sqft$1,685
Jul 2026Multiple-user FactoryS$2.09M1,195 sqft$1,748
Jun 2026Multiple-user FactoryS$2.13M1,195 sqft$1,779
Oct 2025Multiple-user FactoryS$4.45M2,616 sqft$1,700
Aug 2025Multiple-user FactoryS$2.85M1,636 sqft$1,742
Jun 2025Multiple-user FactoryS$1.96M1,238 sqft$1,585
Feb 2025Multiple-user FactoryS$3.01M1,916 sqft$1,571
Dec 2024Multiple-user FactoryS$2.10M1,195 sqft$1,758
Aug 2024Multiple-user FactoryS$1.85M1,206 sqft$1,535
Jun 2024Multiple-user FactoryS$2.70M1,916 sqft$1,409

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.

5

How does Paya Lebar Road price?

Key takeawayPaya Lebar Road's current JTC street rent is S$35.95 psm/month (2026Q2), which against the street's strata sale median works out to an indicative gross yield of 3.1% (2.8% net of property tax).
Strata sales on the street (5y)
81
Street median PSF (strata)
$1,282
Indicative street yield
3.1% gross
2.8% net of property tax

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.

6

What is available at Az @ Paya Lebar right now?

Key takeaway14 units are currently listed at Az @ Paya Lebar — 6 for sale and 8 for rent. One row per unit; several agents often market the same unit.

For sale (6)

  • AZ @ Paya LebarS$2.17M · 1,195 sqft
  • AZ @ Paya LebarS$2.17M · 1,195 sqft
  • AZ @ Paya Lebar2 agentsS$2.19M · 1,195 sqft
  • AZ @ Paya LebarS$4.98M · 2,486 sqft

For rent (8)

  • AZ @ Paya LebarS$5k/mo · 1,195 sqft
  • AZ @ Paya LebarS$5k/mo · 1,399 sqft
  • AZ @ Paya Lebar2 agentsS$5k/mo · 1,195 sqft
  • AZ @ Paya LebarS$1k/mo · 600 sqft

Browse every listing at this building →

7

What is near Az @ Paya Lebar?

Key takeawayThe nearest MRT/LRT is Macpherson MRT, about 140 m away.

Getting around

Amenities nearby

Blk 3019 · 129 mMacpherson MRT Exit A · 140 mEducational Institution · 262 mMHC Medical Centre (Ubi) · 407 mBlk 80 Circuit Road · 432 mBusiness Park · 1.4 km

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Az @ Paya Lebar?

Key takeawayACRA records 1,050 live company registrations at this address, 375 of them in the last three years.
Live registrations
1,050
Registered last 3 years
375

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.

9

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$21.84 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$21.84 psm/mo
Observed range
S$8.80 – S$36.10

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.

10

Frequently asked questions about Az @ Paya Lebar

Where is Az @ Paya Lebar?⌄

Az @ Paya Lebar is at 140 Paya Lebar Road, Singapore 409015, in the Geylang planning area.

What is Az @ Paya Lebar zoned as?⌄

Az @ Paya Lebar 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 Az @ Paya Lebar?⌄

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 Az @ Paya Lebar?⌄

Az @ Paya Lebar is freehold.

What have units at Az @ Paya Lebar sold for?⌄

Across 268 recorded transactions, the median is S$1,142 psf. The latest was in July 2026.

What does industrial space near Az @ Paya Lebar rent for?⌄

JTC's rental returns for Paya Lebar Road put the median at about S$2.03 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Paya Lebar Road, not a rent quoted for Az @ Paya Lebar itself.

What is the nearest MRT station to Az @ Paya Lebar?⌄

Macpherson MRT is the closest, 140 m away (about a 2-minute walk).

How many businesses are registered at Az @ Paya Lebar?⌄

1,050 businesses are currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.

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