IndustrialBUSINESS 2LeaseholdDistrict 14 · Geylang

Intrepid Warehouse Complex

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 2021

Quick Summary

Intrepid Warehouse Complex is a industrial building in District 14 · Geylang, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 16 years remaining. 5 transactions are on record since 1995, most recently in Nov 2021. ACRA records 1 live company registration at this address.

The facts are here — now get the verdict on Intrepid Warehouse Complex.

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What are the key facts about Intrepid Warehouse Complex?

Key takeawayIntrepid Warehouse Complex is a industrial building in District 14 · Geylang, zoned BUSINESS 2, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 2
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 14 · Geylang
Address: 221 Ubi Avenue 4
Land area: —
Completed: Not on record
Storeys: Not on record
Estate (JTC): Kampong Ubi Industrial Estate
Transactions on record: 5 (records start 1995)
Live listings: None
ACRA registrations: 1

About Intrepid Warehouse Complex

Intrepid Warehouse Complex is an industrial estate in Geylang (District 14). It is located along Ubi Avenue 4, Singapore 408812.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 16 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase.

5 transactions have been recorded here, at a median of S$200 psf. The most recent was in November 2021.

Across JTC's rental returns for Ubi Avenue 4, the median rent for industrial space on this street works out to about S$2.42 psf per month over 64 observations. Observed medians on the street span S$0.40 to S$3.20 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 7.9 km away. The closest business-park zone is about 765 m away. The nearest MRT is Tai Seng MRT, 763 m away (about a 12-minute walk). The closest bus stop (Comfort Test Ctr) is 46 m away (about a 1-minute walk).

1 business is currently registered at this address with ACRA.

What is Intrepid Warehouse Complex zoned as?

Key takeawayIntrepid Warehouse Complex sits on land zoned BUSINESS 2 with a gross plot ratio of 2.5.

Land-use zone: BUSINESS 2
Gross plot ratio: 2.5

Run the full zoning report for this building →

What has Intrepid Warehouse Complex sold for?

Key takeaway5 transactions are on record since 1995, most recently in Nov 2021 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Nov 2021	Warehouse	S$1.88M	9,397 sqft	$200
Mar 2017	Warehouse	S$2.00M	9,397 sqft	$213
Oct 2009	Warehouse	S$980k	9,397 sqft	$104
Mar 2007	Warehouse	S$960k	9,397 sqft	$102
Apr 1997	Warehouse	S$2.70M	9,397 sqft	$287

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 Intrepid Warehouse Complex rent for?

Key takeawayNo rent is published for Intrepid Warehouse Complex itself. On its street, Ubi Avenue 4, strata factory space rented at a median of $3.13 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 Ubi Avenue 4

Street level · 2026Q3

25th pct

—

— psm

Median

$3.13

$33.72 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +0.1% on a year earlier

2023Q4 · $32.56 psm2026Q3 · $33.72 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 Intrepid Warehouse Complex

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.

What's been approved at Intrepid Warehouse Complex?

Key takeawayURA has approved 1 change of use at Intrepid Warehouse Complex since 2000, most recently in 2025. 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 May 2025Approved
Change of use to ancillary workers' dormitory
Change of use of the 3rd storey & part of 2nd storey of the existing 3-storey with mezzanine terrace warehouse to ancillary workers' dormitory (for 38 workers)
23 Nov 2023Renewed
Continued use as ancillary workers' dormitory
Continued use of part of 3rd storey warehouse as ancillary workers' dormitory (for 22 workers)
6 Sept 2018Renewed
Continued use as ancillary worker dormitory
Continued use of part of 3rd storey warehouse as ancillary worker dormitory (22 workers)
23 Jun 2016Approved
Additions & alterations
Proposed addition & alteration to the existing 4th storey light industrial with a part of 3rd storey warehouse on lot 06041p mk 23 at no. 243 ubi avenue 4
14 Sept 2015Renewed
Continued use as ancillary worker dormitory
Continued use of part of 3rd storey warehouse as ancillary worker dormitory (22 workers)
18 Oct 2012Renewed
Continued use as ancillary worker dormitory
Continued use of part of 3rd storey warehouse as ancillary worker dormitory (26 workers)
7 May 2010Approved
Additions & alterations
Proposed additions & alteration to existing 3-storey terrace warehouse (unit 221) on lot 6041v at ubi avenue 4
31 Jan 2008Refused
Additions & alterations
Proposed 3 nos. containers to existing 4-storey single-use terrace warehouse (unit 233)

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 Ubi Avenue 4 price?

Key takeawayUbi Avenue 4's current JTC street rent is S$33.72 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 5.4% (4.9% net of property tax).

Strata sales on the street (5y)

105

Street median PSF (strata)

$675

Indicative street yield

5.4% gross

4.9% 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 Intrepid Warehouse Complex?

Key takeawayThe nearest MRT/LRT is Tai Seng MRT, about 763 m away.

Getting around

Tai Seng MRT763 m · ~12 min

Amenities nearby

Comfort Test Ctr · 46 mThe Clinic @ Tai Seng · 705 mBusiness Park · 765 mTai Seng MRT Exit B · 793 mEducational Institution · 889 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Intrepid Warehouse Complex

Key takeawayThe nearest station is Tai Seng (CC11), 763 m away — a busy station, with about 45,000 taps in and out on an average weekday. 8 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 89% of industrial buildings

nearest MRT/LRT Tai Seng (CC11) 763 m, about 45,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 8, about 9,383 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 22,000 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)763 m · about 45,000 weekday taps
Ubi (DT27)799 m · about 22,000 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 Intrepid Warehouse Complex. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with 9,383 boardings and alightings on an average weekday.

Public car parks within 500 m

Ubi Avenue 4 (JTC)118 m
Ubi Ave 4 (URA)166 m
S$0.60 per half-hour at midday on a weekday · 10 car lots
Tai Seng Drive (URA)284 m
S$0.60 per half-hour at midday on a weekday · 8 car lots
Ubi Rd 2 (URA)304 m
S$0.60 per half-hour at midday on a weekday · 35 car lots
Kaki Bukit Rd 2 (URA)422 m
S$0.60 per half-hour at midday on a weekday · season S$90/month · 38 car lots

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

Who's registered at Intrepid Warehouse Complex?

Key takeaway1 live company (and LLPs and branches; sole proprietors are not counted) list Intrepid Warehouse Complex as their registered address. These are registered businesses, not who occupies the space.

Administrative and support 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.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$26.10 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$26.10 psm/mo
Observed range: S$4.28 – S$34.41

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 Intrepid Warehouse Complex

Where is Intrepid Warehouse Complex?⌄

Intrepid Warehouse Complex is at 221 Ubi Avenue 4, Singapore 408812, in the Geylang planning area.

What is Intrepid Warehouse Complex zoned as?⌄

Intrepid Warehouse Complex is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

What kind of business can operate at Intrepid Warehouse Complex?⌄

Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of Intrepid Warehouse Complex?⌄

Intrepid Warehouse Complex is leasehold. About 16 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at Intrepid Warehouse Complex sold for?⌄

Across 5 recorded transactions, the median is S$200 psf. The latest was in November 2021.

What does industrial space near Intrepid Warehouse Complex rent for?⌄

JTC's rental returns for Ubi Avenue 4 put the median at about S$2.42 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Ubi Avenue 4, not a rent quoted for Intrepid Warehouse Complex itself.

What is the nearest MRT station to Intrepid Warehouse Complex?⌄

Tai Seng MRT is the closest, 763 m away (about a 12-minute walk).

How many businesses are registered at Intrepid Warehouse Complex?⌄

1 business is 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.

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.

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 JTC estate boundaries, URA planning decisions, JTC car park information (data.gov.sg), 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.