PropKaki
IndustrialBUSINESS 1FreeholdDistrict 12 · Novena

Golden Wall Flatted Factory

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

Golden Wall Flatted Factory is a industrial building in District 12 · Novena, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is freehold. 65 transactions are on record since 1995, most recently in Jun 2026. 8 units are currently listed for sale or rent. ACRA records 188 live company registrations at this address.

The facts are here — now get the verdict on Golden Wall Flatted Factory.Ask PropKaki
1

What are the key facts about Golden Wall Flatted Factory?

Key takeawayGolden Wall Flatted Factory is a industrial building in District 12 · Novena, zoned BUSINESS 1, held freehold.
Asset class
Industrial
Land-use zone
BUSINESS 1
Gross plot ratio
2.5
Tenure
Freehold
District / Area
District 12 · Novena
Address
2 Jalan Rajah
Land area
5,173 sqm
Transactions on record
65 (records start 1995)
Live listings
8
ACRA registrations
188
2

About Golden Wall Flatted Factory

Golden Wall Flatted Factory is an industrial building in Novena (District 12). It is located along Jalan Rajah, Singapore 329134.

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 5,173 sqm of land with roughly 12,933 sqm of gross floor area.

65 transactions have been recorded here, at a median of S$649 psf. The most recent was in June 2026.

Across JTC's rental returns for Jalan Rajah, the median rent for industrial space on this street works out to about S$1.85 psf per month over 18 observations. Observed medians on the street span S$1.34 to S$2.20 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 6.4 km away. The closest business-park zone is about 4.4 km away. The nearest MRT is Toa Payoh MRT, 631 m away (about a 10-minute walk). The closest bus stop (Opp Public Mansion) is 108 m away (about a 2-minute walk).

188 businesses are currently registered at this address with ACRA.

3

What is Golden Wall Flatted Factory zoned as?

Key takeawayGolden Wall Flatted Factory 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 Golden Wall Flatted Factory sold for?

Key takeawayAcross 65 recorded transactions since 1995, the median price is about S$980k, most recently in Jun 2026.
DateUsePriceAreaPSF
Jun 2026Multiple-user FactoryS$1.24M1,216 sqft$1,019
Apr 2026Multiple-user FactoryS$1.64M1,421 sqft$1,151
Jan 2025Multiple-user FactoryS$1.31M1,421 sqft$924
Oct 2024Multiple-user FactoryS$1.35M1,518 sqft$889
Jan 2024Multiple-user FactoryS$1.78M1,518 sqft$1,173
Aug 2023Multiple-user FactoryS$1.35M1,421 sqft$950
Sept 2022Multiple-user FactoryS$1.08M1,216 sqft$889
Apr 2022Multiple-user FactoryS$1.24M1,421 sqft$873
Feb 2022Multiple-user FactoryS$1.06M1,216 sqft$875
Nov 2021Multiple-user FactoryS$1.19M1,421 sqft$837

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 Jalan Rajah price?

Key takeawayJalan Rajah's current JTC street rent is S$23.72 psm/month (2026Q2), which against the street's strata sale median works out to an indicative gross yield of 3.0% (2.7% net of property tax).
Strata sales on the street (5y)
12
Street median PSF (strata)
$889
Indicative street yield
3.0% gross
2.7% 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.

6

What is available at Golden Wall Flatted Factory right now?

Key takeaway8 units are currently listed at Golden Wall Flatted Factory — 2 for sale and 6 for rent. One row per unit; several agents often market the same unit.

For sale (2)

  • Golden Wall Flatted Factory2 agentsS$2.08M · 1,572 sqft
  • Golden Wall Flatted FactoryS$1.42M · 1,420 sqft

For rent (6)

  • Golden Wall Flatted FactoryS$928/mo · 275 sqft
  • Golden Wall Flatted FactoryS$1k/mo · 200 sqft
  • Golden Wall Flatted FactoryS$638/mo · 95 sqft
  • Golden Wall Flatted Factory2 agentsS$6k/mo · 1,420 sqft

Browse every listing at this building →

7

What is near Golden Wall Flatted Factory?

Key takeawayThe nearest MRT/LRT is Toa Payoh MRT, about 631 m away.

Getting around

Amenities nearby

Opp Public Mansion · 108 mCarelink Family Clinic · 146 mEducational Institution · 337 mRen Ci Community Hospital · 524 mToa Payoh MRT Exit B · 596 mBlks 91/92 Whampoa Drive # · 757 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Golden Wall Flatted Factory?

Key takeawayACRA records 188 live company registrations at this address, 46 of them in the last three years.
Live registrations
188
Registered last 3 years
46

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$19.91 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$19.91 psm/mo
Observed range
S$14.47 – S$23.72

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 Golden Wall Flatted Factory

Where is Golden Wall Flatted Factory?⌄

Golden Wall Flatted Factory is at 2 Jalan Rajah, Singapore 329134, in the Novena planning area.

What is Golden Wall Flatted Factory zoned as?⌄

Golden Wall Flatted Factory 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 Golden Wall Flatted Factory?⌄

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 Golden Wall Flatted Factory?⌄

Golden Wall Flatted Factory is freehold.

What have units at Golden Wall Flatted Factory sold for?⌄

Across 65 recorded transactions, the median is S$649 psf. The latest was in June 2026.

What does industrial space near Golden Wall Flatted Factory rent for?⌄

JTC's rental returns for Jalan Rajah put the median at about S$1.85 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Jalan Rajah, not a rent quoted for Golden Wall Flatted Factory itself.

What is the nearest MRT station to Golden Wall Flatted Factory?⌄

Toa Payoh MRT is the closest, 631 m away (about a 10-minute walk).

How many businesses are registered at Golden Wall Flatted Factory?⌄

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

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