IndustrialRESIDENTIAL WITH COMMERCIAL AT 1ST STOREYFreeholdDistrict 8 · Kallang

King George's Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Mar 2006

Quick Summary

King George's Building is a industrial building in District 8 · Kallang, on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY under the URA Master Plan with a gross plot ratio of 3.0. It is freehold. 1 transaction is on record since 1995, most recently in Mar 2006. ACRA records 2 live company registrations at this address.

The facts are here — now get the verdict on King George's Building.

Ask PropKaki

What are the key facts about King George's Building?

Key takeawayKing George's Building is a industrial building in District 8 · Kallang, zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY, held freehold.

Asset class: Industrial
Land-use zone: RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio: 3.0
Tenure: Freehold
District / Area: District 8 · Kallang
Address: 344 King George's Avenue
Land area: —
Completed: Not on record
Storeys: 5 (© OpenStreetMap contributors)
Strata units (MCST): 72
Managing agent: WISELY 98 PTE LTD
Strata formed: 1989 (MCST 1446)
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 2

About King George's Building

King George'S Building is an industrial estate in Kallang (District 08). It is located along King George'S Avenue, Singapore 208576.

Under the URA Master Plan the site is zoned Residential With Commercial At 1St Storey with a gross plot ratio of 3.

The site is freehold.

1 transaction has been recorded here, at a median of S$373 psf. The most recent was in March 2006.

Across JTC's rental returns for King George'S Avenue, the median rent for industrial space on this street works out to about S$1.90 psf per month over 38 observations. Observed medians on the street span S$0.56 to S$3.51 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 4.2 km away. The closest business-park zone is about 4.2 km away. The nearest MRT is Lavender MRT, 318 m away (about a 5-minute walk). The closest bus stop (Aperia/Bef Kallang Rd) is 94 m away (about a 2-minute walk).

3 businesses are currently registered at this address with ACRA.

What is King George's Building zoned as?

Key takeawayKing George's Building sits on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY with a gross plot ratio of 3.0.

Land-use zone: RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio: 3.0

Run the full zoning report for this building →

What has King George's Building sold for?

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

Date	Use	Price	Area	PSF
Mar 2006	Multiple-user Factory	S$690k	1,851 sqft	$373

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 King George's Building rent for?

Key takeawayJTC publishes leases at King George's Building itself: strata factory space leased at a median of $2.10 psf a month in 2025Q1, with the middle half of leases between $1.74 and $2.38. 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 · 2025Q1

25th pct

$1.74

$18.75 psm

Median

$2.10

$22.60 psm

75th pct

$2.38

$25.61 psm

S$ per sq ft per month

2019Q1 · $20.05 psm2025Q1 · $22.60 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 King George'S Avenue

Street level · 2026Q3

25th pct

—

— psm

Median

$3.23

$34.82 psm

75th pct

—

— psm

S$ per sq ft per month (median only published)

2022Q3 · $18.84 psm2026Q3 · $34.82 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 King George's 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 does King George's Avenue price?

Strata sales on the street (5y)

Too few strata sales on this street to support a median — the count is shown without one.

Street figures cover strata deals only — land and strata PSF are not comparable.

What is near King George's Building?

Key takeawayThe nearest MRT/LRT is Lavender MRT, about 318 m away.

Getting around

Lavender MRT318 m · ~5 min

Amenities nearby

Aperia/Bef Kallang Rd · 94 mThe Clinic @ Aperia · 177 mLavender MRT Exit B · 291 mEducational Institution · 474 mNorth Bridge Road Market & Food Centre · 534 mFarrer Park Hospital · 1.0 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at King George's Building

Key takeawayThe nearest station is Lavender (EW11), 291 m away — a moderately busy station, with about 39,000 taps in and out on an average weekday. 36 public car parks are within 500 m; the cheapest URA season parking nearby is S$100 a month.

Foot traffic: busier than 98% of industrial buildings

nearest MRT/LRT Lavender (EW11) 291 m, about 39,000 taps a weekday; 5 more stations within 1 km; bus stops within 400 m: 7, about 21,000 taps a weekday; Kallang: 63,333 resident workers (Census 2020, by workplace); about 32,000 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

Lavender (EW11)291 m · about 39,000 weekday taps
Bendemeer (DT23)369 m · about 11,000 weekday taps
Farrer Park (NE8)739 m · about 57,000 weekday taps
Boon Keng (NE9)879 m · about 51,000 weekday taps
Jalan Besar (DT22)969 m · about 21,000 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 King George's Building. Transfers between lines don't tap, so interchanges read low.

Bus

7 bus stops within 400 m, with about 21,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Penhas Rd - Lavender S T Off St (URA)36 m
S$0.60 per half-hour at midday on a weekday · 29 car lots
King George'S Ave - Ho Rne Rd Off St (URA)69 m
S$0.75 per half-hour at midday on a weekday · 61 car lots
Service Rd (Penhas Rd) (URA)71 m
S$0.60 per half-hour at midday on a weekday · 6 car lots
Service Rd (King Georg E'S Ave) (URA)88 m
S$0.60 per half-hour at midday on a weekday · 17 car lots
Penhas Rd (URA)101 m
S$0.60 per half-hour at midday on a weekday · 23 car lots

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

Who's registered at King George's Building?

Key takeaway2 live companies (and LLPs and branches; sole proprietors are not counted) list King George's Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
1
Arts, entertainment and recreation
1
Information and communications
0
Professional, scientific and technical services
0
Manufacturing
0
Construction
0
Transportation and storage
0
Accommodation and food services
0
Administrative and support services
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$20.43 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$20.43 psm/mo
Observed range: S$6.00 – S$37.78

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 King George's Building

Where is King George'S Building?⌄

King George'S Building is at 344 King George'S Avenue, Singapore 208576, in the Kallang planning area.

What is King George'S Building zoned as?⌄

King George'S Building is zoned Residential With Commercial At 1St Storey under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of King George'S Building?⌄

King George'S Building is freehold.

What have units at King George'S Building sold for?⌄

Across 1 recorded transaction, the median is S$373 psf. The latest was in March 2006.

What does industrial space near King George'S Building rent for?⌄

JTC's rental returns for King George'S Avenue put the median at about S$1.90 psf per month. That is a street-level figure from undated snapshots covering all industrial space on King George'S Avenue, not a rent quoted for King George'S Building itself.

What is the nearest MRT station to King George'S Building?⌄

Lavender MRT is the closest, 318 m away (about a 5-minute walk).

How many businesses are registered at King George'S Building?⌄

3 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.

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".

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 car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, 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.