IndustrialRESIDENTIALFreeholdDistrict 23 · Bukit Batok

Lam Soon Industrial Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 2026
Quick Summary

Lam Soon Industrial Building 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 freehold. 90 transactions are on record since 1995, at a median S$580 psf, most recently in Aug 2026. 26 units are currently listed for sale or rent. ACRA records 257 live company registrations at this address.

1

What are the key facts about Lam Soon Industrial Building?

Key takeawayLam Soon Industrial Building is a industrial building in District 23 · Bukit Batok, zoned RESIDENTIAL, held freehold.
Asset class
Industrial
Land-use zone
RESIDENTIAL
Gross plot ratio
1.62
Tenure
Freehold
District / Area
District 23 · Bukit Batok
Address
63 Hillview Avenue
Land area
21,452 sqm
Completed
Not on record
Storeys
10 (© OpenStreetMap contributors)
Strata lots (whole development, MCST)
111
Managing agent
360 INTEGRATED FM & SM PTE LTD
Strata formed
1988 (MCST 1389)
Units with a recorded sale
At least 71
Transactions on record
90 (records start 1995)
Live listings
26
ACRA registrations
257
2

Who owns Lam Soon Industrial Building, and what is it valued at?

Key takeawayNo REIT or listed company holds Lam Soon Industrial Building today on its latest filings. Earlier SGX filings about it are below, each with its date.
Whole-building deals
  1. Announced 5 Jul 2013 · completed 27 Sep 2013
    CIT sold a 69.4% interest in 63 Hillview Avenue for S$140.8 million (sale consideration) to Wholly-owned subsidiaries of QF Properties Pte. Ltd..

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.

3

About Lam Soon Industrial Building

Lam Soon Industrial Building is a mixed-use building in Bukit Batok (District 23). It is located along Hillview Avenue, Singapore 669569.

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

The site is freehold. It sits on about 21,452 sqm of land with roughly 34,753 sqm of gross floor area.

89 transactions have been recorded here, at a median of S$580 psf. The most recent was in July 2026.

Across JTC's rental returns for Hillview Avenue, the median rent for industrial space on this street works out to about S$1.50 psf per month over 102 observations. Observed medians on the street span S$0.58 to S$2.02 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 6.6 km away. The closest business-park zone is about 3.3 km away. The nearest MRT is Hume MRT, 718 m away (about a 11-minute walk). The closest bus stop (Opp Hillbrooks) is 90 m away (about a 1-minute walk).

323 businesses are currently registered at this address with ACRA.

4

What is Lam Soon Industrial Building zoned as?

Key takeawayLam Soon Industrial Building 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 →

5

What has Lam Soon Industrial Building sold for?

Key takeawayAcross 90 recorded transactions since 1995, the median price is about S$1.70M, most recently in Aug 2026.
DateUsePriceAreaPSF
Aug 2026Multiple-user FactoryS$2.85M3,369 sqft$846
Jul 2026Multiple-user FactoryS$2.06M2,325 sqft$888
Jun 2026Multiple-user FactoryS$2.76M3,369 sqft$819
Mar 2026Multiple-user FactoryS$1.59M1,927 sqft$825
Sept 2025Multiple-user FactoryS$2.29M2,788 sqft$821
Jul 2025Multiple-user FactoryS$3.12M4,112 sqft$758
May 2025Multiple-user FactoryS$1.28M1,410 sqft$908
Mar 2025Multiple-user FactoryS$1.96M2,336 sqft$840
Feb 2025Multiple-user FactoryS$2.70M3,326 sqft$812
Oct 2024Multiple-user FactoryS$2.20M2,530 sqft$870

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

6

What does space at Lam Soon Industrial Building rent for?

Key takeawayJTC publishes leases at Lam Soon Industrial Building itself: strata factory space leased at a median of $2.15 psf a month in 2026Q3, with the middle half of leases between $2.00 and $3.00. 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 · 2026Q3
25th pct
$2.00
$21.53 psm
Median
$2.15
$23.16 psm
75th pct
$3.00
$32.29 psm

S$ per sq ft per month · median +5.1% on a year earlier

2023Q4 · $21.74 psm2026Q3 · $23.16 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 Hillview Avenue

Street level · 2026Q3
25th pct
—
— psm
Median
$2.08
$22.39 psm
75th pct
—
— psm

S$ per sq ft per month (median only published) · median +3.8% on a year earlier

2023Q4 · $20.63 psm2026Q3 · $22.39 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.

7

Market context around Lam Soon Industrial 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.

8

How fast units move at Lam Soon Industrial Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 20 units for rent; 6 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 2 new listings appeared and 3 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

9

What's been approved at Lam Soon Industrial Building?

Key takeawayURA has approved 11 changes of use at Lam Soon Industrial Building since 2000, most recently in 2025, and refused 6. 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.
  1. 21 Sept 2026RenewedFloor 1
    Continued use as industrial canteen

    Continued use of part unit #01-XX from factory to industrial canteen at existing factory building

  2. 12 Mar 2026RenewedFloor 1
    Continued use as warehouse

    Cotninued use of unit #01-XX as warehouse (coldstore)

  3. 22 Sept 2025ApprovedFloor 1
    Change of use to student care centre

    Proposed change of use of #01-XX to student care centre

  4. 11 Feb 2025ApprovedFloor 1
    Change of use to warehouse

    Proposed change of use of #01-XX and #01-XX to warehouse

  5. 1 Oct 2024ApprovedFloor 9
    Change of use to warehouse

    Proposed change of use of #09-XX lam soon industrial building to warehouse

  6. 26 Dec 2023RefusedFloor 1
    Change of use to gym/fitness centre

    Proposed change of use of unit #01-XX to gym/fitness centre

  7. 12 Dec 2023ApprovedFloor 1
    Change of use to childcare centre

    Proposed change of use of units #01-XX, #01-XX and #01-XX to childcare centre

  8. 31 Oct 2023RenewedFloor 1
    Continued use as industrial canteen

    Continued use of part unit #01-XX from factory to industrial canteen at existing factory building

  9. 11 May 2023ApprovedFloor 1
    Change of use to warehouse

    Proposed change of use of unit #01-XX to warehouse (coldstore)

  10. 11 May 2023ApprovedFloor 1
    Change of use to warehouse

    Proposed change of use of factory units #01-XX, #01-XX and #01-XX to warehouse (coldstore)

  11. 29 Nov 2022RefusedFloor 8
    Change of use: urban farming → gym/fitness centre

    Proposed change of use of unit #08-XX from urban farming to gym/fitness centre

  12. 13 Oct 2021RenewedFloor 1
    Continued use as industrial canteen

    Continued use of part unit #01-XX from factory to industrial canteen at existing factory building

9 earlier change-of-use and A&A decisions are on record since 2000.

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).

10

How does Hillview Avenue price?

Key takeawayHillview Avenue's current JTC street rent is S$22.39 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 3.0% (2.8% net of property tax).
Strata sales on the street (5y)
28
Street median PSF (strata)
$783
Indicative street yield
3.0% gross
2.8% 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.

11

What is available at Lam Soon Industrial Building right now?

Key takeaway26 units are currently listed at Lam Soon Industrial Building — 6 for sale and 20 for rent. One row per unit; several agents often market the same unit.

For sale (6)

  • Lam Soon Industrial Building2 agentsS$1.70M · 1,700 sqft
  • Lam Soon Industrial Building2 agentsS$2.09M · 2,325 sqft
  • Lam Soon Industrial BuildingS$2.92M · 3,320 sqft
  • Lam Soon Industrial Building2 agentsS$4.77M · 3,670 sqft

For rent (20)

  • Lam Soon Industrial BuildingS$1k/mo · 192 sqft
  • Lam Soon Industrial BuildingS$1k/mo · 300 sqft
  • Lam Soon Industrial Building3 agentsS$1k/mo · 264 sqft
  • Lam Soon Industrial BuildingS$1k/mo · 184 sqft

Browse every listing at this building →

12

What is near Lam Soon Industrial Building?

Key takeawayThe nearest MRT/LRT is Hume MRT, about 719 m away.

Getting around

Amenities nearby

Opp Hillbrooks · 90 mEducational Institution · 375 mHealthcare Medical @ Rail Mall · 589 mHume MRT Exit 1 · 657 m

Straight-line distances. Source: PropKaki amenities data.

13

Getting there and parking at Lam Soon Industrial Building

Key takeawayThe nearest station is Hume (DT4), 657 m away — a quiet station, with 4,746 taps in and out on an average weekday. No public car park we hold is within 500 m; the nearest is Hillview Terrace (URA), 736 m away, season S$90/month.
Foot traffic: busier than 72% of industrial buildings

nearest MRT/LRT Hume (DT4) 657 m, about 4,746 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 10, about 7,028 taps a weekday; Bukit Batok: 33,792 resident workers (Census 2020, by workplace); about 29,000 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

  • Hume (DT4)657 m · 4,746 weekday taps
  • Hillview (DT3)733 m · about 14,000 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 Lam Soon Industrial Building. Transfers between lines don't tap, so interchanges read low.

Bus

10 bus stops within 400 m, with 7,028 boardings and alightings on an average weekday.

14

Who's registered at Lam Soon Industrial Building?

Key takeaway257 live companies (and LLPs and branches; sole proprietors are not counted) list Lam Soon Industrial Building as their registered address. These are registered businesses, not who occupies the space.
  • Wholesale and retail trade
    76
  • Accommodation and food services
    44
  • Construction
    32
  • Financial and insurance
    21
  • Manufacturing
    18
  • Information and communications
    17
  • Professional, scientific and technical services
    14
  • Administrative and support services
    14
  • Transportation and storage
    7
  • Real estate
    4

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.

15

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$16.15 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$16.15 psm/mo
Observed range
S$6.19 – S$21.78

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.

16

Frequently asked questions about Lam Soon Industrial Building

Where is Lam Soon Industrial Building?⌄

Lam Soon Industrial Building is at 63 Hillview Avenue, Singapore 669569, in the Bukit Batok planning area.

What is Lam Soon Industrial Building zoned as?⌄

Lam Soon Industrial Building is zoned Residential under the URA Master Plan, with a gross plot ratio of 1.62.

What is the tenure of Lam Soon Industrial Building?⌄

Lam Soon Industrial Building is freehold.

What have units at Lam Soon Industrial Building sold for?⌄

Across 89 recorded transactions, the median is S$580 psf. The latest was in July 2026.

What does industrial space near Lam Soon Industrial Building rent for?⌄

JTC's rental returns for Hillview Avenue put the median at about S$1.50 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Hillview Avenue, not a rent quoted for Lam Soon Industrial Building itself.

What is the nearest MRT station to Lam Soon Industrial Building?⌄

Hume MRT is the closest, 718 m away (about a 11-minute walk).

How many businesses are registered at Lam Soon Industrial Building?⌄

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

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