IndustrialBUSINESS 1LeaseholdDistrict 12 · Kallang

Banchong Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2003

Quick Summary

Banchong Building is a industrial building in District 12 · Kallang, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 5 years remaining. 1 transaction is on record since 1995, most recently in Dec 2003. ACRA records 80 live company registrations at this address.

The facts are here — now get the verdict on Banchong Building.

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What are the key facts about Banchong Building?

Key takeawayBanchong Building is a industrial building in District 12 · Kallang, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 12 · Kallang
Address: 1 Kallang Junction
Land area: 3,845 sqm
Completed: 2017 (JTC industrial completions)
Storeys: Not on record
Developer: Vanguard Properties Pte Ltd (JTC industrial completions)
Estate (JTC): Kallang Basin Industrial Estate
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 80

About Banchong Building

Banchong Building is an industrial building in Kallang (District 12). It is located along Kallang Junction, Singapore 339263.

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 5 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 3,845 sqm of land with roughly 17,547 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$46 psf. The most recent was in December 2003.

Across JTC's rental returns for Kallang Junction, the median rent for industrial space on this street works out to about S$1.20 psf per month over 1 observations. Observed medians on the street span S$1.20 to S$1.20 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 4.5 km away. The closest business-park zone is about 3.9 km away. The nearest MRT is Bendemeer MRT, 197 m away (about a 3-minute walk). The closest bus stop (Aft Kallang Bahru) is 241 m away (about a 4-minute walk).

90 businesses are currently registered at this address with ACRA.

What is Banchong Building zoned as?

Key takeawayBanchong Building 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 Banchong Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Dec 2003 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Dec 2003	Single-user Factory	S$1.90M	41,392 sqft	$46

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 Banchong Building

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 Banchong Building?

Key takeawayURA's planning decisions at Banchong Building 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.

23 Apr 2025Approved
Additions & alterations
Proposed addition & alteration to existing integrated part 5/part 6-storey single-user light industrial development with basement car park involving addition of new lift and new staircase
17 May 2023Renewed
Change of use
Continued use of first storey temporary industrial canteen
21 Jun 2017Approved
Additions & alterations
Regularization of gfa and proposed amendment to approved new erection of 6-storey light industrial development and additions and alterations to existing 5-storey light industrial development into an integrated part 5/ part 6-storey single-user light industrial development with temporary industrial canteen and basement car park
7 Nov 2016Approved
Additions & alterations
Proposed new erection of 6-storey light industrial development and additions and alterations to existing 5-storey light industrial development into an integrated part 5/ part 6-storey single-user light industrial development with temporary industrial canteen and basement car park

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 Banchong Building?

Key takeawayThe nearest MRT/LRT is Bendemeer MRT, about 197 m away.

Getting around

Bendemeer MRT197 m · ~3 min

Amenities nearby

Bendemeer MRT Exit B · 163 mThe Clinic @ Aperia · 236 mAft Kallang Bahru · 241 mNorth Bridge Road Market & Food Centre · 760 mEducational Institution · 769 mFarrer Park Hospital · 1.2 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Banchong Building

Key takeawayThe nearest station is Bendemeer (DT23), 162 m away — a quiet station, with about 11,000 taps in and out on an average weekday. 18 public car parks are within 500 m; the cheapest URA season parking nearby is S$100 a month.

Foot traffic: busier than 97% of industrial buildings

nearest MRT/LRT Bendemeer (DT23) 162 m, about 11,000 taps a weekday; 4 more stations within 1 km; bus stops within 400 m: 8, about 16,000 taps a weekday; Kallang: 63,333 resident workers (Census 2020, by workplace); about 39,000 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

Bendemeer (DT23)162 m · about 11,000 weekday taps
Lavender (EW11)568 m · about 39,000 weekday taps
Boon Keng (NE9)724 m · about 51,000 weekday taps
Kallang (EW10)799 m · about 24,000 weekday taps
Farrer Park (NE8)911 m · about 57,000 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 Banchong Building. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

Hamilton Rd Off St (URA)293 m
S$0.60 per half-hour at midday on a weekday · 22 car lots
Service Rd (Hamilton R D - Cavan Rd) (URA)306 m
S$0.60 per half-hour at midday on a weekday · 11 car lots
Penhas Rd - Lavender S T Off St (URA)321 m
S$0.60 per half-hour at midday on a weekday · 29 car lots
Service Rd (King Georg E'S Ave) (URA)329 m
S$0.60 per half-hour at midday on a weekday · 17 car lots
Cavan Rd (URA)342 m
S$0.60 per half-hour at midday on a weekday · 7 car lots

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

Who's registered at Banchong Building?

Key takeaway80 live companies (and LLPs and branches; sole proprietors are not counted) list Banchong Building as their registered address. These are registered businesses, not who occupies the space.

Professional, scientific and technical services
24
Wholesale and retail trade
16
Information and communications
13
Financial and insurance
7
Administrative and support services
4
Education
4
Construction
4
Accommodation and food services
3
Manufacturing
2
Real estate
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.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$12.90 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$12.90 psm/mo
Observed range: S$12.90 – S$12.90

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 Banchong Building

Where is Banchong Building?⌄

Banchong Building is at 1 Kallang Junction, Singapore 339263, in the Kallang planning area.

What is Banchong Building zoned as?⌄

Banchong Building 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 Banchong Building?⌄

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 Banchong Building?⌄

Banchong Building is leasehold. About 5 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at Banchong Building sold for?⌄

Across 1 recorded transaction, the median is S$46 psf. The latest was in December 2003.

What does industrial space near Banchong Building rent for?⌄

JTC's rental returns for Kallang Junction put the median at about S$1.20 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Kallang Junction, not a rent quoted for Banchong Building itself.

What is the nearest MRT station to Banchong Building?⌄

Bendemeer MRT is the closest, 197 m away (about a 3-minute walk).

How many businesses are registered at Banchong Building?⌄

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

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Read the figures right

Completion year: the first quarter JTC records a TOP (Temporary Occupation Permit) at this address. JTC lists major industrial projects (7,000 sqm and up) from 2013; where an older building stood on the site, this is the current building's year.

Developer: as named on JTC's completion record, often the project company rather than the listed group.

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.

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 industrial completions, JTC estate boundaries, URA car park data (URA Data Service), 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.