IndustrialRESIDENTIAL999-year leaseholdDistrict 23 · Bukit Batok

Hillview Industrial Estate

Reviewed by Nathan TangUpdated 8 November 2026Data through Sept 2006

Quick Summary

Hillview Industrial Estate is a industrial building in District 23 · Bukit Batok, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 1.62. It is 999-year leasehold. 1 transaction is on record since 1995, most recently in Sept 2006. ACRA records 3 live company registrations at this address.

The facts are here — now get the verdict on Hillview Industrial Estate.

Ask PropKaki

What are the key facts about Hillview Industrial Estate?

Key takeawayHillview Industrial Estate is a industrial building in District 23 · Bukit Batok, zoned RESIDENTIAL, held 999-year leasehold.

Asset class: Industrial
Land-use zone: RESIDENTIAL
Gross plot ratio: 1.62
Tenure: 999-year leasehold
District / Area: District 23 · Bukit Batok
Address: 38c Hillview Terrace
Land area: —
Completed: Not on record
Storeys: Not on record
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 3

About Hillview Industrial Estate

Hillview Industrial Estate is a mixed-use estate in Bukit Batok (District 23). It is located along Hillview Terrace, Singapore 669264.

Under the URA Master Plan the site is zoned Residential with a gross plot ratio of 1.62.

The site is 999-year leasehold, with about 858 years left to run.

1 transaction has been recorded here, at a median of S$255 psf. The most recent was in September 2006.

Across JTC's rental returns for Hillview Terrace, the median rent for industrial space on this street works out to about S$1.33 psf per month over 95 observations. Observed medians on the street span S$0.46 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 6.0 km away. The closest business-park zone is about 2.7 km away. The nearest MRT is Bukit Gombak MRT, 928 m away (about a 14-minute walk). The closest bus stop (Opp Blk 258) is 194 m away (about a 3-minute walk).

4 businesses are currently registered at this address with ACRA.

What is Hillview Industrial Estate zoned as?

Key takeawayHillview Industrial Estate sits on land zoned RESIDENTIAL with a gross plot ratio of 1.62.

Land-use zone: RESIDENTIAL
Gross plot ratio: 1.62

Run the full zoning report for this building →

What has Hillview Industrial Estate sold for?

Key takeaway1 transaction is on record since 1995, most recently in Sept 2006 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Sept 2006	Single-user Factory	S$1.06M	4,154 sqft	$255

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 Hillview Industrial Estate rent for?

Key takeawayNo rent is published for Hillview Industrial Estate itself. On its street, Hillview Terrace, strata factory space rented at a median of $2.00 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 Hillview Terrace

Street level · 2026Q3

25th pct

—

— psm

Median

$2.00

$21.53 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +16.3% on a year earlier

2023Q3 · $16.15 psm2026Q3 · $21.53 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 Hillview Industrial Estate

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 Hillview Terrace price?

Key takeawayHillview Terrace's current JTC street rent is S$21.53 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 3.4% (3.1% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$703

Indicative street yield

3.4% gross

3.1% 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 Hillview Industrial Estate?

Key takeawayThe nearest MRT/LRT is Bukit Gombak MRT, about 928 m away.

Getting around

Bukit Gombak MRT928 m · ~15 min

Amenities nearby

Opp Blk 258 · 194 mEducational Institution · 381 mWesley Family Clinic and Surgery · 414 mBukit Gombak MRT Exit B · 908 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Hillview Industrial Estate

Key takeawayThe nearest station is Bukit Gombak (NS3), 909 m away — a busy station, with about 42,000 taps in and out on an average weekday. 6 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 77% of industrial buildings

nearest MRT/LRT Bukit Gombak (NS3) 909 m, about 42,000 taps a weekday; bus stops within 400 m: 8, about 9,708 taps a weekday; Bukit Batok: 33,792 resident workers (Census 2020, by workplace); about 48,000 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

Bukit Gombak (NS3)909 m · about 42,000 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 Hillview Industrial Estate. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with 9,708 boardings and alightings on an average weekday.

Public car parks within 500 m

Hillview Terrace (URA)80 m
S$0.60 per half-hour at midday on a weekday · season S$90/month · 10 car lots
Blk 254/265 Bukit Batok East Avenue 4 (HDB)254 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 312 car lots
Blk 242/253 Bukit Batok East Avenue 2/5 (HDB)392 m
S$0.60 per half-hour at midday on a weekday · gantry 5.4 m · 427 car lots
241A Bukit Batok East Avenue 5 (HDB)436 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 235 car lots
Blk 238/241 Bukit Batok East Avenue 5 (HDB)477 m
S$0.60 per half-hour at midday on a weekday · gantry 5.4 m

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

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

Who's registered at Hillview Industrial Estate?

Key takeaway3 live companies (and LLPs and branches; sole proprietors are not counted) list Hillview Industrial Estate as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
2
Financial and insurance
1
Manufacturing
0
Construction
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$14.32 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$14.32 psm/mo
Observed range: S$4.90 – S$28.69

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 Hillview Industrial Estate

Where is Hillview Industrial Estate?⌄

Hillview Industrial Estate is at 38C Hillview Terrace, Singapore 669264, in the Bukit Batok planning area.

What is Hillview Industrial Estate zoned as?⌄

Hillview Industrial Estate is zoned Residential under the URA Master Plan, with a gross plot ratio of 1.62.

What is the tenure of Hillview Industrial Estate?⌄

Hillview Industrial Estate is 999-year leasehold. About 858 years remain on the lease.

What have units at Hillview Industrial Estate sold for?⌄

Across 1 recorded transaction, the median is S$255 psf. The latest was in September 2006.

What does industrial space near Hillview Industrial Estate rent for?⌄

JTC's rental returns for Hillview Terrace put the median at about S$1.33 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Hillview Terrace, not a rent quoted for Hillview Industrial Estate itself.

What is the nearest MRT station to Hillview Industrial Estate?⌄

Bukit Gombak MRT is the closest, 928 m away (about a 14-minute walk).

How many businesses are registered at Hillview Industrial Estate?⌄

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

For agents · in the PropKaki app

The facts are here — now get the verdict on Hillview Industrial Estate.

Ask what a unit here would fetch, what the zone allows, or how it compares.

Ask PropKaki Try on WhatsApp

PropKaki

Tell me about Hillview Industrial Estate — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…

Read the figures right

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

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".

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 — 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.