Lip Hing Industrial Building
Lip Hing Industrial Building is a industrial building in District 20 · Bishan, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is 999-year leasehold. 36 transactions are on record since 1995, most recently in Feb 2025. 2 units are currently listed for rent. ACRA records 257 live company registrations at this address.
What are the key facts about Lip Hing Industrial Building?
- Asset class
- Industrial
- Land-use zone
- BUSINESS 1
- Gross plot ratio
- 2.5
- Tenure
- 999-year leasehold
- District / Area
- District 20 · Bishan
- Address
- 3 Pemimpin Drive
- Land area
- 3,025 sqm
- Transactions on record
- 36 (records start 1995)
- Live listings
- 2
- ACRA registrations
- 257
About Lip Hing Industrial Building
Lip Hing Industrial Building is an industrial building in Bishan (District 20). It is located along Pemimpin Drive, Singapore 576147.
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 999-year leasehold, with about 858 years left to run. It sits on about 3,025 sqm of land with roughly 7,562 sqm of gross floor area.
36 transactions have been recorded here, at a median of S$461 psf. The most recent was in February 2025.
Across JTC's rental returns for Pemimpin Drive, the median rent for industrial space on this street works out to about S$2.63 psf per month over 53 observations. Observed medians on the street span S$2.17 to S$3.13 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 6.2 km away. The nearest MRT is Marymount MRT, 512 m away (about a 8-minute walk). The closest bus stop (Marymount View) is 210 m away (about a 3-minute walk).
257 businesses are currently registered at this address with ACRA.
What is Lip Hing Industrial Building zoned as?
- Land-use zone
- BUSINESS 1
- Gross plot ratio
- 2.5
What has Lip Hing Industrial Building sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Feb 2025 | Multiple-user Factory | S$1.21M | 1,389 sqft | $870 |
| Dec 2024 | Multiple-user Factory | S$1.10M | 1,346 sqft | $818 |
| May 2024 | Multiple-user Factory | S$1.59M | 1,991 sqft | $797 |
| Jan 2024 | Multiple-user Factory | S$1.00M | 1,389 sqft | $720 |
| Mar 2023 | Multiple-user Factory | S$980k | 1,346 sqft | $728 |
| Nov 2022 | Multiple-user Factory | S$1.07M | 1,453 sqft | $736 |
| Jul 2021 | Multiple-user Factory | S$1.30M | 1,991 sqft | $653 |
| Jul 2021 | Multiple-user Factory | S$958k | 1,453 sqft | $659 |
| Sept 2020 | Multiple-user Factory | S$1.32M | 1,991 sqft | $663 |
| Apr 2016 | Warehouse | S$860k | 1,389 sqft | $619 |
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.
How does Pemimpin Drive price?
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 available at Lip Hing Industrial Building right now?
For rent (2)
- Lip Hing Industrial Building2 agentsS$1k/mo · 250 sqft
- Marymount MRT office for rentS$4k/mo · 1,023 sqft
What is near Lip Hing Industrial Building?
Getting around
- Marymount MRT512 m · ~8 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
How many companies are registered at Lip Hing Industrial Building?
- Live registrations
- 257
- Registered last 3 years
- 97
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.
What does industrial space rent for on this street?
- Street rent, median
- S$28.30 psm/mo
- Observed range
- S$23.36 – S$33.64
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 Lip Hing Industrial Building
Where is Lip Hing Industrial Building?⌄
Lip Hing Industrial Building is at 3 Pemimpin Drive, Singapore 576147, in the Bishan planning area.
What is Lip Hing Industrial Building zoned as?⌄
Lip Hing 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 Lip Hing 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 Lip Hing Industrial Building?⌄
Lip Hing Industrial Building is 999-year leasehold. About 858 years remain on the lease.
What have units at Lip Hing Industrial Building sold for?⌄
Across 36 recorded transactions, the median is S$461 psf. The latest was in February 2025.
What does industrial space near Lip Hing Industrial Building rent for?⌄
JTC's rental returns for Pemimpin Drive put the median at about S$2.63 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Pemimpin Drive, not a rent quoted for Lip Hing Industrial Building itself.
What is the nearest MRT station to Lip Hing Industrial Building?⌄
Marymount MRT is the closest, 512 m away (about a 8-minute walk).
How many businesses are registered at Lip Hing Industrial Building?⌄
257 businesses are currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.
The facts are here — now get the verdict on Lip Hing Industrial Building.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.