IndustrialBUSINESS 1LeaseholdDistrict 23 · Bukit Batok

Heng Loong Building

Reviewed by Nathan TangUpdated 8 November 2026Data through May 2024

Quick Summary

Heng Loong Building is a industrial building in District 23 · Bukit Batok, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 31 years remaining. 48 transactions are on record since 1995, at a median S$246 psf, most recently in May 2024. 17 units are currently listed for sale or rent. ACRA records 194 live company registrations at this address.

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

Ask PropKaki

What are the key facts about Heng Loong Building?

Key takeawayHeng Loong Building is a industrial building in District 23 · Bukit Batok, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 23 · Bukit Batok
Address: 61 Bukit Batok Crescent
Land area: 2,727 sqm
Completed: Not on record
Storeys: 7 (© OpenStreetMap contributors)
Strata units (MCST): 44
Managing agent: PHILIP MOTHA PROPERTY MANAGEMENT PTE LTD
Strata formed: 2003 (MCST 2800)
Units with a recorded sale: At least 32
Listed as: Light Industrial (B1), Office
Transactions on record: 48 (records start 1995)
Live listings: 17
ACRA registrations: 194

What are the specs at Heng Loong Building?

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

Facilities: car park; Source: CommercialGuru

About Heng Loong Building

Heng Loong Building is an industrial building in Bukit Batok (District 23). It is located along Bukit Batok Crescent, Singapore 658078.

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 31 years left to run. It sits on about 2,727 sqm of land with roughly 6,817 sqm of gross floor area.

48 transactions have been recorded here, at a median of S$246 psf. The most recent was in May 2024.

Across JTC's rental returns for Bukit Batok Crescent, the median rent for industrial space on this street works out to about S$1.91 psf per month over 95 observations. Observed medians on the street span S$0.99 to S$2.67 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 4.6 km away. The closest business-park zone is about 1.3 km away. The closest bus stop (Toh Guan Ctr) is 178 m away (about a 3-minute walk).

240 businesses are currently registered at this address with ACRA.

What is Heng Loong Building zoned as?

Key takeawayHeng Loong 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 Heng Loong Building sold for?

Key takeawayAcross 48 recorded transactions since 1995, the median price is about S$310k, most recently in May 2024.

Date	Use	Price	Area	PSF
May 2024	Multiple-user Factory	S$788k	1,206 sqft	$654
Feb 2021	Multiple-user Factory	S$344k	1,206 sqft	$285
Nov 2020	Multiple-user Factory	S$415k	1,206 sqft	$344
Dec 2019	Multiple-user Factory	S$355k	1,227 sqft	$289
Oct 2018	Multiple-user Factory	S$340k	1,206 sqft	$282
Jun 2016	Multiple-user Factory	S$500k	1,927 sqft	$260
Mar 2016	Multiple-user Factory	S$675k	2,121 sqft	$318
Nov 2014	Multiple-user Factory	S$480k	1,206 sqft	$398
Nov 2013	Multiple-user Factory	S$470k	1,227 sqft	$383
Aug 2012	Multiple-user Factory	S$480k	1,206 sqft	$398

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 Heng Loong Building rent for?

Key takeawayJTC publishes leases at Heng Loong Building itself: strata factory space leased at a median of $1.92 psf a month in 2026Q3, with the middle half of leases between $1.92 and $1.92. 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

$1.92

$20.68 psm

Median

$1.92

$20.72 psm

75th pct

$1.92

$20.72 psm

S$ per sq ft per month

2022Q3 · $14.09 psm2026Q3 · $20.72 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 Bukit Batok Crescent

Street level · 2026Q3

25th pct

—

— psm

Median

$2.62

$28.18 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +3.6% on a year earlier

2023Q4 · $27.61 psm2026Q3 · $28.18 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 Heng Loong 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 fast units move at Heng Loong Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 16 units for rent; 1 unit for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 4 new listings appeared and 2 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

What's been approved at Heng Loong Building?

Key takeawayURA has approved 1 change of use at Heng Loong Building since 2000, most recently in 2016. 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.

29 Jun 2016ApprovedFloor 5
Change of use to warehouse
Change of use of the 5th storey factory unit #05-XX to warehouse

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 Bukit Batok Crescent price?

Key takeawayBukit Batok Crescent's current JTC street rent is S$28.18 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 7.4% (6.7% net of property tax).

Strata sales on the street (5y)

384

Street median PSF (strata)

$406

Indicative street yield

7.4% gross

6.7% 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 Heng Loong Building right now?

Key takeaway17 units are currently listed at Heng Loong Building — 1 for sale and 16 for rent. One row per unit; several agents often market the same unit.

For sale (1)

Heng Loong BuildingS$950k · 1,206 sqft

For rent (16)

Heng Loong Building3 agentsS$600/mo · 155 sqft
Heng Loong BuildingS$1k/mo · 250 sqft
Heng Loong Building3 agentsS$4k/mo · 1,927 sqft
Heng Loong BuildingS$500/mo · 100 sqft

Browse every listing at this building →

What is near Heng Loong Building?

Amenities nearby

Toh Guan Ctr · 179 mEducational Institution · 690 mHisemainn Medical Clinic (Bukit Batok) · 746 mJurong Community Hospital · 1.2 kmBusiness Park · 1.3 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Heng Loong Building

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Bukit Batok, 1.4 km away. No public car park we hold is within 500 m; the nearest is Blk 291F Bukit Batok Street 24 (HDB), 542 m away; the nearest URA season parking is Hillview Terrace, 1.6 km away (S$90/month).

Foot traffic: busier than 55% of industrial buildings

no MRT/LRT within 1 km (nearest Bukit Batok, 1.4 km); bus stops within 400 m: 7, about 7,894 taps a weekday; Bukit Batok: 33,792 resident workers (Census 2020, by workplace); about 21,000 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.

Bus

7 bus stops within 400 m, with 7,894 boardings and alightings on an average weekday.

Who's registered at Heng Loong Building?

Key takeaway194 live companies (and LLPs and branches; sole proprietors are not counted) list Heng Loong Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
44
Professional, scientific and technical services
43
Construction
29
Administrative and support services
14
Information and communications
13
Transportation and storage
11
Manufacturing
11
Real estate
8
Education
5
Accommodation and food services
5

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$20.56 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$20.56 psm/mo
Observed range: S$10.69 – S$28.73

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 Heng Loong Building

Where is Heng Loong Building?⌄

Heng Loong Building is at 61 Bukit Batok Crescent, Singapore 658078, in the Bukit Batok planning area.

What is Heng Loong Building zoned as?⌄

Heng Loong 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 Heng Loong 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 Heng Loong Building?⌄

Heng Loong Building is leasehold. About 31 years remain on the lease.

What have units at Heng Loong Building sold for?⌄

Across 48 recorded transactions, the median is S$246 psf. The latest was in May 2024.

What does industrial space near Heng Loong Building rent for?⌄

JTC's rental returns for Bukit Batok Crescent put the median at about S$1.91 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Bukit Batok Crescent, not a rent quoted for Heng Loong Building itself.

How many businesses are registered at Heng Loong Building?⌄

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

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Read the figures right

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

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.

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 BCA's MCST register, URA planning decisions, HDB car park information (data.gov.sg), PropKaki's foot-traffic model, CommercialGuru, 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.