IndustrialBUSINESS 1 - WHITELeaseholdDistrict 12 · Kallang

Ct Hub 2

Reviewed by Nathan TangUpdated 8 November 2026Data through Sept 2026

Quick Summary

Ct Hub 2 is a industrial building in District 12 · Kallang, on land zoned BUSINESS 1 - WHITE under the URA Master Plan with a gross plot ratio of 3.0. It is leasehold with roughly 49 years remaining. 431 transactions are on record since 1995, at a median S$885 psf, most recently in Sept 2026. 93 units are currently listed for sale or rent. ACRA records 1,331 live company registrations at this address.

The facts are here — now get the verdict on Ct Hub 2.

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What are the key facts about Ct Hub 2?

Key takeawayCt Hub 2 is a industrial building in District 12 · Kallang, zoned BUSINESS 1 - WHITE, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1 - WHITE
Gross plot ratio: 3.0
Tenure: Leasehold
District / Area: District 12 · Kallang
Address: 114 Lavender Street
Land area: 13,203 sqm
Completed: 2015 (JTC industrial completions)
Storeys: Not on record
Developer: Chiu Teng @ Kallang Pte Ltd (JTC industrial completions)
Strata units (MCST): 429
Managing agent: CHAMBERS PROPERTY MANAGEMENT SERVICES PTE LTD
Strata formed: 2016
Owner: Wee Hur Holdings (SGX filings)
Units with a recorded sale: At least 274
Transactions on record: 431 (records start 1995)
Live listings: 93
ACRA registrations: 1,331

Who owns Ct Hub 2, and what is it valued at?

Key takeawayCt Hub 2 is owned by Wee Hur Holdings, 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.

114 Lavender Street, #01-68 CT Hub 2

Valued at S$9.5 million as at 31 Dec 2025, by PREMAS Valuers & Property Consultants Pte Ltd.

per Wee Hur Holdings's SGX filing, 27 Feb 2026

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.

What are the specs at Ct Hub 2?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.

Facilities: gym, swimming pool, 24-hour security, car park; Source: CommercialGuru

Are there floor plans for Ct Hub 2?

Key takeawayWe hold the developer's sales-brochure floor plans for Ct Hub 2 — 9 plans. Ask PropKaki for the plan of a unit or a size. As designed at launch; units may have been altered.

Plans we hold

1ST STOREY
2ND STOREY
3RD STOREY LAYOUT
4TH STOREY
5TH STOREY
10TH STOREY
11TH STOREY
12TH STOREY
13TH STOREY

Source: developer's sales brochure.

About Ct Hub 2

Ct Hub 2 is an industrial building in Kallang (District 12). It is located along Lavender Street, Singapore 338729.

Under the URA Master Plan the site is zoned Business 1 - White with a gross plot ratio of 3.

The site is leasehold, with about 49 years left to run. It sits on about 13,203 sqm of land with roughly 42,822 sqm of gross floor area.

428 transactions have been recorded here, at a median of S$884 psf. The most recent was in August 2026.

Across JTC's rental returns for Lavender Street, the median rent for industrial space on this street works out to about S$3.11 psf per month over 44 observations. Observed medians on the street span S$2.38 to S$4.50 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 4.4 km away. The closest business-park zone is about 4.0 km away. The nearest MRT is Bendemeer MRT, 249 m away (about a 4-minute walk). The closest bus stop (Aft Kallang Bahru) is 114 m away (about a 2-minute walk).

1,414 businesses are currently registered at this address with ACRA.

What is Ct Hub 2 zoned as?

Key takeawayCt Hub 2 sits on land zoned BUSINESS 1 - WHITE with a gross plot ratio of 3.0.

Land-use zone: BUSINESS 1 - WHITE
Gross plot ratio: 3.0

Run the full zoning report for this building →

What has Ct Hub 2 sold for?

Key takeawayAcross 431 recorded transactions since 1995, the median price is about S$940k, most recently in Sept 2026.

Date	Use	Price	Area	PSF
Sept 2026	Multiple-user Factory	S$1.26M	969 sqft	$1,301
Aug 2026	Multiple-user Factory	S$1.44M	969 sqft	$1,486
Aug 2026	Multiple-user Factory	S$1.36M	969 sqft	$1,400
Jul 2026	Multiple-user Factory	S$1.25M	1,033 sqft	$1,210
Jun 2026	Multiple-user Factory	S$935k	1,066 sqft	$877
May 2026	Multiple-user Factory	S$1.30M	969 sqft	$1,342
Apr 2026	Multiple-user Factory	S$1.85M	1,894 sqft	$977
Mar 2026	Multiple-user Factory	S$1.18M	969 sqft	$1,218
Mar 2026	Multiple-user Factory	S$1.40M	1,130 sqft	$1,239
Mar 2026	Multiple-user Factory	S$1.24M	969 sqft	$1,280

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

What does space at Ct Hub 2 rent for?

Key takeawayJTC publishes leases at Ct Hub 2 itself: strata factory space leased at a median of $4.18 psf a month in 2026Q3, with the middle half of leases between $4.03 and $4.28. That is the building's figure across its leases, and never a quote for a particular unit.

Strata factory space in this building

This building · 2026Q3

25th pct

$4.03

$43.36 psm

Median

$4.18

$45.00 psm

75th pct

$4.28

$46.05 psm

S$ per sq ft per month · median +4.5% on a year earlier

2023Q4 · $46.12 psm2026Q3 · $45.00 psm median

JTC's percentiles of the gross rent declared to IRAS for strata factory units leased in THIS building in the stated quarter (J-SPACE). It is the building's figure across its leases, not any one unit's rent; a unit's floor, size and fit-out move it. '*' quarters (too few leases) are absent, not zero.

Source: JTC J-SPACE, rentals of strata-titled multiple-user factories.

Strata factory space on Lavender Street

Street level · 2026Q3

25th pct

—

— psm

Median

$4.18

$45.00 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +4.5% on a year earlier

2023Q4 · $45.80 psm2026Q3 · $45.00 psm median

This is the MEDIAN of JTC-published rents across leases on this street in the stated quarter, not the asking or contracted rent of any particular unit. Streets with too few leases are suppressed by JTC and appear as no value -- suppressed is not zero.

Source: JTC J-SPACE, rental of industrial space by street.

Market context around Ct Hub 2

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 Ct Hub 2?

Key takeawayURA has approved 58 changes of use at Ct Hub 2 since 2000, most recently in 2026, and refused 17. 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.

16 Jul 2026Approved
Additions & alterations
Proposed additions and alteration of existing open air roof terrace at 4th storey of ct hub 2 to 3 new pickle ball courts [open to public] [kallang planning area]
11 Jun 2026RefusedFloor 11
Change of use to gym / fitness centre
Proposed change of use of unit #11-XX to gym / fitness centre at ct hub 2
4 Jun 2026ApprovedFloor 1
Change of use to restaurant
Proposed change of use of #01-XX to restaurant at ct hub 2
8 May 2026RenewedFloor 1
Continued use as restaurant
Continued use of unit #01-XX as restaurant
25 Mar 2026RenewedFloor 1
Continued use as restaurant with ancillary live entertainment
Continued use of unit #01-XX as restaurant with ancillary live entertainment - ct hub 2
16 Aug 2025ApprovedFloor 1
Change of use to restaurant
Proposed change of use of unit #01-XX to restaurant at ct hub 2
11 Aug 2025RenewedFloor 1
Continued use as karaoke lounge
Continued use of shop unit #01-XX as karaoke lounge
11 Aug 2025RefusedFloor 1
Change of use to bar/pub
Proposed change of use of unit #01-XX of ct hub 2 to bar/pub
24 Jul 2025ApprovedFloor 6
Change of use to commercial school
Proposed change of use of units #06-XX and #06-XX to commercial school at ct hub 2
20 Jun 2025ApprovedFloor 1
Change of use to restaurant
Proposed change of use of shop unit #01-XX to restaurant
12 Jun 2025RefusedFloor 1
Change of use to karaoke lounge
Proposed change of use of shop unit #01-XX to karaoke lounge
5 Jun 2025RefusedFloor 1
Change of use to shop
Proposed change of use of factory unit #01-XX to shop

93 earlier change-of-use and A&A decisions are on record since 2000.

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).

How does Lavender Street price?

Key takeawayLavender Street's current JTC street rent is S$45.00 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 4.2% (3.7% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$1,145

Indicative street yield

4.2% gross

3.7% 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.

What is available at Ct Hub 2 right now?

Key takeaway93 units are currently listed at Ct Hub 2 — 50 for sale and 43 for rent. One row per unit; several agents often market the same unit.

For sale (50)

Ct Hub 2S$1.42M · 624 sqft
Ct Hub 2S$1.30M · 624 sqft
CT Hub 2S$1.49M · 1,109 sqft
CT Hub 2S$1.30M · 1,044 sqft

For rent (43)

Ct Hub 2S$11k/mo · 1,787 sqft
Ct Hub 2S$4k/mo · 969 sqft
CT Hub 2S$4k/mo · 936 sqft
CT Hub 2S$11k/mo · 1,787 sqft

Browse every listing at this building →

What is near Ct Hub 2?

Key takeawayThe nearest MRT/LRT is Bendemeer MRT, about 249 m away.

Getting around

Bendemeer MRT249 m · ~4 min

Amenities nearby

Aft Kallang Bahru · 114 mHotel · 128 mThe Clinic @ Aperia · 150 mBendemeer MRT Exit B · 224 mPlace Of Worship · 315 mJalan Besar Community Club · 426 mEducational Institution · 632 mKallang Polyclinic · 784 mFarrer Park Hospital · 1.1 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Ct Hub 2

Key takeawayThe nearest station is Bendemeer (DT23), 224 m away — a quiet station, with about 11,000 taps in and out on an average weekday. 25 public car parks are within 500 m; the cheapest URA season parking nearby is S$100 a month.

Foot traffic: busier than 48% of retail buildings

nearest MRT/LRT Bendemeer (DT23) 224 m, about 11,000 taps a weekday; 4 more stations within 1 km; bus stops within 400 m: 9, about 18,000 taps a weekday; Kallang: 63,333 resident workers (Census 2020, by workplace); about 36,000 residents within 1 km (June 2026); 2 other malls within 1 km. Ranked against 12,856 retail 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, and competing malls), not a count of people.

Stations within 1 km

Bendemeer (DT23)224 m · about 11,000 weekday taps
Lavender (EW11)437 m · about 39,000 weekday taps
Boon Keng (NE9)776 m · about 51,000 weekday taps
Farrer Park (NE8)813 m · about 57,000 weekday taps
Kallang (EW10)888 m · about 24,000 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 Ct Hub 2. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with about 18,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Penhas Rd - Lavender S T Off St (URA)179 m
S$0.60 per half-hour at midday on a weekday · 29 car lots
Hamilton Rd Off St (URA)185 m
S$0.60 per half-hour at midday on a weekday · 22 car lots
Service Rd (King Georg E'S Ave) (URA)188 m
S$0.60 per half-hour at midday on a weekday · 17 car lots
Service Rd (Hamilton R D - Cavan Rd) (URA)197 m
S$0.60 per half-hour at midday on a weekday · 11 car lots
Cavan Rd (URA)210 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. Ct Hub 2's own car park, if it has one, and its charges are not in the open data.

Who's registered at Ct Hub 2?

Key takeaway1,331 live companies (and LLPs and branches; sole proprietors are not counted) list Ct Hub 2 as their registered address. These are registered businesses, not who occupies the space.

Professional, scientific and technical services
333
Wholesale and retail trade
253
Information and communications
224
Financial and insurance
188
Administrative and support services
61
Construction
48
Accommodation and food services
40
Manufacturing
36
Education
36
Transportation and storage
36

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$33.44 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$33.44 psm/mo
Observed range: S$25.66 – S$48.40

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 Ct Hub 2

Where is Ct Hub 2?⌄

Ct Hub 2 is at 114 Lavender Street, Singapore 338729, in the Kallang planning area.

What is Ct Hub 2 zoned as?⌄

Ct Hub 2 is zoned Business 1 - White under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of Ct Hub 2?⌄

Ct Hub 2 is leasehold. About 49 years remain on the lease.

What have units at Ct Hub 2 sold for?⌄

Across 428 recorded transactions, the median is S$884 psf. The latest was in August 2026.

What does industrial space near Ct Hub 2 rent for?⌄

JTC's rental returns for Lavender Street put the median at about S$3.11 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Lavender Street, not a rent quoted for Ct Hub 2 itself.

What is the nearest MRT station to Ct Hub 2?⌄

Bendemeer MRT is the closest, 249 m away (about a 4-minute walk).

How many businesses are registered at Ct Hub 2?⌄

1,414 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.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

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.

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, BCA's MCST register, URA planning decisions, the owner's SGX filings, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, CommercialGuru, the developer's sales brochure (floor plans) — 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.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.