IndustrialBUSINESS 1 - WHITEFreeholdDistrict 19 · Serangoon

Guang Ming Industrial Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Jul 2012

Quick Summary

Guang Ming Industrial Building is a industrial building in District 19 · Serangoon, on land zoned BUSINESS 1 - WHITE under the URA Master Plan with a gross plot ratio of 3.5. It is freehold. 16 transactions are on record since 1995, at a median S$430 psf, most recently in Jul 2012. ACRA records 0 live company registrations at this address.

The facts are here — now get the verdict on Guang Ming Industrial Building.

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What are the key facts about Guang Ming Industrial Building?

Key takeawayGuang Ming Industrial Building is a industrial building in District 19 · Serangoon, zoned BUSINESS 1 - WHITE, held freehold.

Asset class: Industrial
Land-use zone: BUSINESS 1 - WHITE
Gross plot ratio: 3.5
Tenure: Freehold
District / Area: District 19 · Serangoon
Address: 65 Upper Paya Lebar Road
Land area: —
Completed: Not on record
Storeys: 11 (© OpenStreetMap contributors)
Units with a recorded sale: At least 9
Transactions on record: 16 (records start 1995)
Live listings: None
ACRA registrations: 0

About Guang Ming Industrial Building

Guang Ming Industrial Building is an industrial building in Serangoon (District 19). It is located along Upper Paya Lebar Road, Singapore 534817.

Under the URA Master Plan the site is zoned Business 1 - White with a gross plot ratio of 3.5.

The site is freehold.

16 transactions have been recorded here, at a median of S$430 psf. The most recent was in July 2012.

Across JTC's rental returns for Upper Paya Lebar Road, the median rent for industrial space on this street works out to about S$1.66 psf per month over 101 observations. Observed medians on the street span S$0.50 to S$3.10 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 7.6 km away. The closest business-park zone is about 344 m away. The nearest MRT is Tai Seng MRT, 186 m away (about a 3-minute walk). The closest bus stop (Asiawide Ind Bldg) is 119 m away (about a 2-minute walk).

What is Guang Ming Industrial Building zoned as?

Key takeawayGuang Ming Industrial Building sits on land zoned BUSINESS 1 - WHITE with a gross plot ratio of 3.5.

Land-use zone: BUSINESS 1 - WHITE
Gross plot ratio: 3.5

Run the full zoning report for this building →

What has Guang Ming Industrial Building sold for?

Key takeawayAcross 16 recorded transactions since 1995, the median price is about S$943k, most recently in Jul 2012.

Date	Use	Price	Area	PSF
Jul 2012	Multiple-user Factory	S$1.66M	2,799 sqft	$593
Sept 2011	Multiple-user Factory	S$1.26M	2,799 sqft	$450
Jul 2011	Warehouse	S$692k	1,442 sqft	$480
Aug 2007	Multiple-user Factory	S$820k	2,799 sqft	$293
Jun 2006	Multiple-user Factory	S$395k	1,733 sqft	$228
Aug 2000	Multiple-user Factory	S$790k	2,799 sqft	$282
Jun 2000	Multiple-user Factory	S$1.15M	2,799 sqft	$410
Apr 2000	Warehouse	S$440k	1,442 sqft	$305
Mar 1999	Multiple-user Factory	S$682k	2,131 sqft	$320
Aug 1998	Multiple-user Factory	S$1.05M	1,841 sqft	$570

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 Guang Ming Industrial Building rent for?

Key takeawayNo rent is published for Guang Ming Industrial Building itself. On its street, Upper Paya Lebar Road, strata factory space rented at a median of $2.29 psf a month in 2026Q3. That is not this building's own rent, and never a quote for a particular unit.

Strata factory space on Upper Paya Lebar Road

Street level · 2026Q3

25th pct

—

— psm

Median

$2.29

$24.60 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +5% on a year earlier

2023Q4 · $23.67 psm2026Q3 · $24.60 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 Guang Ming Industrial 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.

How does Upper Paya Lebar Road price?

Key takeawayUpper Paya Lebar Road's current JTC street rent is S$24.60 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 3.2% (2.9% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$816

Indicative street yield

3.2% gross

2.9% 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 near Guang Ming Industrial Building?

Key takeawayThe nearest MRT/LRT is Tai Seng MRT, about 186 m away.

Getting around

Tai Seng MRT186 m · ~3 min

Amenities nearby

Tai Seng MRT Exit A · 65 mAsiawide Ind Bldg · 119 mThe Clinic @ Tai Seng · 176 mBusiness Park · 345 mEducational Institution · 489 mBlk 80 Circuit Road · 950 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Guang Ming Industrial Building

Key takeawayThe nearest station is Tai Seng (CC11), 65 m away — a busy station, with about 45,000 taps in and out on an average weekday. 14 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 97% of industrial buildings

nearest MRT/LRT Tai Seng (CC11) 65 m, about 45,000 taps a weekday; bus stops within 400 m: 7, about 17,000 taps a weekday; Toa Payoh: 53,749 resident workers (Census 2020, by workplace); about 33,000 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

Tai Seng (CC11)65 m · about 45,000 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 Guang Ming Industrial Building. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

Irving Place (URA)79 m
S$0.60 per half-hour at midday on a weekday · 11 car lots
Irving Rd (URA)90 m
S$0.60 per half-hour at midday on a weekday · 6 car lots
Burn Rd (URA)222 m
S$0.60 per half-hour at midday on a weekday · 20 car lots
Tai Seng St (URA)269 m
S$0.60 per half-hour at midday on a weekday · 8 car lots
Harrison Rd (URA)295 m
S$0.60 per half-hour at midday on a weekday · 4 car lots

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

Who's registered at Guang Ming Industrial Building?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list Guang Ming Industrial Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
0
Professional, scientific and technical services
0
Financial and insurance
0
Manufacturing
0
Real estate
0
Education
0
Health and social 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.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$17.91 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$17.91 psm/mo
Observed range: S$5.35 – S$33.36

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 Guang Ming Industrial Building

Where is Guang Ming Industrial Building?⌄

Guang Ming Industrial Building is at 65 Upper Paya Lebar Road, Singapore 534817, in the Serangoon planning area.

What is Guang Ming Industrial Building zoned as?⌄

Guang Ming Industrial Building is zoned Business 1 - White under the URA Master Plan, with a gross plot ratio of 3.5.

What is the tenure of Guang Ming Industrial Building?⌄

Guang Ming Industrial Building is freehold.

What have units at Guang Ming Industrial Building sold for?⌄

Across 16 recorded transactions, the median is S$430 psf. The latest was in July 2012.

What does industrial space near Guang Ming Industrial Building rent for?⌄

JTC's rental returns for Upper Paya Lebar Road put the median at about S$1.66 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Upper Paya Lebar Road, not a rent quoted for Guang Ming Industrial Building itself.

What is the nearest MRT station to Guang Ming Industrial Building?⌄

Tai Seng MRT is the closest, 186 m away (about a 3-minute walk).

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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

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".

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

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 URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — 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.

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.