Hewlett Packard (Depot Road)

Asset class

Industrial

Land-use zone

BUSINESS 1

Gross plot ratio

3.0

Tenure

Leasehold

District / Area

District 4 · Bukit Merah

Address

138 Depot Road

Land area

9,999 sqm

Completed

Not on record

Storeys

Not on record

Owner

CapitaLand Ascendas REIT (SGX filings)

Net lettable area

282,434 sq ft (the owner's annual report (as filed on SGX))

Estate (JTC)

Telok Blangah Industrial Estate

Listed as

Light Industrial (B1)

Transactions on record

1 (records start 1995)

Live listings

6

ACRA registrations

4

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.

Hewlett Packard (Depot Road) is an industrial property in Bukit Merah (District 04). It is located along Depot Road, Singapore 109683.

Under the URA Master Plan the site is zoned Business 1 with a gross plot ratio of 3. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

The site is leasehold, with about 45 years left to run. It sits on about 9,999 sqm of land with roughly 29,631 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$393 psf. The most recent was in March 2006.

Across JTC's rental returns for Depot Road, the median rent for industrial space on this street works out to about S$1.66 psf per month over 16 observations. Observed medians on the street span S$1.48 to S$1.95 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 1.9 km away. The closest business-park zone is about 1.1 km away. The closest bus stop (Blk 110) is 125 m away (about a 2-minute walk).

4 businesses are currently registered at this address with ACRA.

Land-use zone

BUSINESS 1

Gross plot ratio

3.0

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. 14 Oct 2025Approved
   Change of use to manufacturing

   Proposed change of use of 2nd and 6th storey premises to manufacturing (general industry)

2. 10 Aug 2023Approved
   Additions & alterations

   Proposed addition and alteration to the facade at the existing 7-storey multi-user industrial development with 2 basement carparks involving new ducting enclosure on lot 03452x mk 01 at 138 depot road (bukit merah planning area)

3. 9 May 2023Approved
   Additions & alterations

   Proposed addition and alteration to existing 7-storey multiple user industrial development with 2 basement carparks involving new fitout works on 4th storey on lot 03452x mk 01 at 138 depot road (bukit merah planning area)

4. 29 Apr 2022ApprovedFloor 4
   Change of use

   Proposed change of use of part units #04-XX to #04-XX for manufacturing of vaccines and biologics (general industry use)

5. 2 Mar 2021Approved
   Additions & alterations

   Proposed addition & alteration and demolition of approved sky bridge (at 5th storey) between existing buildings h/no 138 & 1150 depot road

6. 1 Sept 2020Approved
   Additions & alterations

   Proposed addition and alteration to existing 7-storey multiple-user light industrial development with 2 basement car parks involving addition of pipe racking system from 2nd storey to roof mk01 on lot 03452x at 138 depot road (bukit merah planning area)

7. 5 Feb 2020Approved
   Additions & alterations

   Proposed addition and alteration to existing 7-storey multiple user industrial development with 2 basement carpark involving new fit-out works, manufacturing, laboratories, warehouse and office on 2nd, 6th and 7th storey on (plot a1706862) lot 03452x mk 01 at 138 depot road singapore 109683 (bukit merah planning area)

8. 31 Jan 2019Approved
   Additions & alterations

   Proposed addition and alteration to 1st & 7th storey of the existing 7-storey multiple-user light industrial development with 2 basement car parks

9. 8 Feb 2010Approved
   Additions & alterations

   Proposed addition of 1 new external steel staircase to existing 7-storey multiple-user light industrial building

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).

Browse every listing at this building →

Straight-line distances. Source: PropKaki amenities data.

• Financial and insurance
  3
• Professional, scientific and technical services
  1

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$17.91 psm/mo

Observed range

S$15.93 – S$20.99

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.