Excel Building

Asset class

Industrial

Land-use zone

BUSINESS 1

Gross plot ratio

2.5

Tenure

Leasehold

District / Area

District 23 · Bukit Batok

Address

521 Bukit Batok Street 23

Land area

9,724 sqm

Completed

Not on record

Storeys

Not on record

Owner

Mapletree Logistics Trust (SGX filings)

Net lettable area

153,160 sq ft (the owner's annual report (as filed on SGX))

Estate (JTC)

Bukit Batok Industrial Park A

Listed as

Warehouse, Light Industrial (B1)

Transactions on record

4 (records start 1995)

Live listings

2

ACRA registrations

18

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.

Excel Building is an industrial building in Bukit Batok (District 23). It is located along Bukit Batok Street 23, Singapore 659544.

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 0 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 9,724 sqm of land with roughly 24,310 sqm of gross floor area.

4 transactions have been recorded here, at a median of S$148 psf. The most recent was in February 2007.

Across JTC's rental returns for Bukit Batok Street 23, the median rent for industrial space on this street works out to about S$1.75 psf per month over 98 observations. Observed medians on the street span S$0.85 to S$2.40 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 4.8 km away. The closest business-park zone is about 1.5 km away. The closest bus stop (SBST Bt Batok Depot) is 124 m away (about a 2-minute walk).

19 businesses are currently registered at this address with ACRA.

Land-use zone

BUSINESS 1

Gross plot ratio

2.5

Run the full zoning report for this building →

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

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.

1. 11 Aug 2022Approved
   Change of use to warehouse

   Proposed change of use of factory unit #05-XX to warehouse (coldstore)

2. 16 Jun 2017Renewed
   Continued use as industrial training

   Continued use of part of 5th storey of an existing part 5/part 7-storey single user factory unit #05-XX as industrial training

3. 23 Jun 2014Approved
   Change of use to industrial training

   Change of use of part of 5th storey of an existing part 5/part 7-storey single user factory unit #05-XX to industrial training on lot 06608t mk05 at 521 bukit batok street 23 (bukit batok planning area)

4. 29 Dec 2006Approved
   Additions & alterations

   Proposed amendment to approved addition and alteration to existing part 5/part 7-storey single user factory

5. 19 Oct 2006Approved
   Additions & alterations

   Proposed additions & alterations to the existing part 5/part 7-storey single user factory

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).

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.

Browse every listing at this building →

Straight-line distances. Source: PropKaki amenities data.

• Transportation and storage
  10
• Manufacturing
  2
• Construction
  2
• Information and communications
  2
• Administrative and support services
  1
• Financial and insurance
  1
• Professional, scientific and technical services
  0
• Wholesale and retail trade
  0
• Accommodation and food services
  0
• Other services
  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.

Street rent, median

S$18.80 psm/mo

Observed range

S$9.13 – S$25.83

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.