IndustrialBUSINESS 1FreeholdDistrict 13 · Geylang

Hoesteel Industrial Building

Reviewed by Nathan TangUpdated 10 August 2026Data through Feb 2010
Quick Summary

Hoesteel Industrial Building is a industrial building in District 13 · Geylang, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is freehold. 1 transaction is on record since 1995, most recently in Feb 2010. ACRA records 10 live company registrations at this address.

1

What are the key facts about Hoesteel Industrial Building?

Key takeawayHoesteel Industrial Building is a industrial building in District 13 · Geylang, zoned BUSINESS 1, held freehold.
Asset class
Industrial
Land-use zone
BUSINESS 1
Gross plot ratio
2.5
Tenure
Freehold
District / Area
District 13 · Geylang
Address
33 Tannery Lane
Land area
2,797 sqm
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
10
2

About Hoesteel Industrial Building

Hoesteel Industrial Building is an industrial building in Geylang (District 13). It is located along Tannery Lane, Singapore 347789.

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 2,797 sqm of land with roughly 6,993 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$797 psf. The most recent was in February 2010.

Across JTC's rental returns for Tannery Lane, the median rent for industrial space on this street works out to about S$1.66 psf per month over 106 observations. Observed medians on the street span S$1.00 to S$3.01 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

1 industrial project is still uncompleted on this street, adding about 16,190 sqm of gross floor area, the earliest due around 2029.

The nearest port or airport land is about 6.4 km away. The closest business-park zone is about 1.6 km away. The nearest MRT is Mattar MRT, 743 m away (about a 12-minute walk). The closest bus stop (Opp Cencon Bldg) is 241 m away (about a 4-minute walk).

10 businesses are currently registered at this address with ACRA.

3

What is Hoesteel Industrial Building zoned as?

Key takeawayHoesteel Industrial 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 →

4

What has Hoesteel Industrial Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Feb 2010 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Feb 2010Single-user FactoryS$24.00M30,098 sqft$797

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 Tannery Lane price?

Key takeawayTannery Lane's current JTC street rent is S$32.37 psm/month (2026Q2), which against the street's strata sale median works out to an indicative gross yield of 4.5% (4.0% net of property tax).
Strata sales on the street (5y)
41
Street median PSF (strata)
$707
Indicative street yield
4.5% gross
4.0% 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 near Hoesteel Industrial Building?

Key takeawayThe nearest MRT/LRT is Mattar MRT, about 743 m away.

Getting around

Amenities nearby

Circuit Medical Clinic · 158 mOpp Cencon Bldg · 241 mEducational Institution · 453 mMattar MRT Exit A · 677 mBlks 79/79A Circuit Road · 945 m

Straight-line distances. Source: PropKaki amenities data.

7

How many companies are registered at Hoesteel Industrial Building?

Key takeawayACRA records 10 live company registrations at this address, 1 of them in the last three years.
Live registrations
10
Registered last 3 years
1

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.

8

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$10.76 – S$32.37
Pipeline on this street
1 project · earliest TOP 2029

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.

9

Frequently asked questions about Hoesteel Industrial Building

Where is Hoesteel Industrial Building?

Hoesteel Industrial Building is at 33 Tannery Lane, Singapore 347789, in the Geylang planning area.

What is Hoesteel Industrial Building zoned as?

Hoesteel Industrial 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 Hoesteel Industrial 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 Hoesteel Industrial Building?

Hoesteel Industrial Building is freehold.

What have units at Hoesteel Industrial Building sold for?

Across 1 recorded transaction, the median is S$797 psf. The latest was in February 2010.

What does industrial space near Hoesteel Industrial Building rent for?

JTC's rental returns for Tannery Lane 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 Tannery Lane, not a rent quoted for Hoesteel Industrial Building itself.

What is the nearest MRT station to Hoesteel Industrial Building?

Mattar MRT is the closest, 743 m away (about a 12-minute walk).

How many businesses are registered at Hoesteel Industrial Building?

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

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