IndustrialBUSINESS 1FreeholdDistrict 14 · Geylang

Lipo Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2026

Quick Summary

Lipo Building is a industrial building in District 14 · Geylang, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is freehold. 86 transactions are on record since 1995, at a median S$565 psf, most recently in Oct 2026. 8 units are currently listed for sale or rent. ACRA records 116 live company registrations at this address.

The facts are here — now get the verdict on Lipo Building.

Ask PropKaki

What are the key facts about Lipo Building?

Key takeawayLipo Building is a industrial building in District 14 · Geylang, zoned BUSINESS 1, held freehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Freehold
District / Area: District 14 · Geylang
Address: 621 Aljunied Road
Land area: 6,708 sqm
Completed: Not on record
Storeys: Not on record
Strata units (MCST): 79
Managing agent: NEWMAN SRE PTE LTD
Strata formed: 1982 (MCST 0612)
Units with a recorded sale: At least 51
Transactions on record: 86 (records start 1995)
Live listings: 8
ACRA registrations: 116

About Lipo Building

Lipo Building is an industrial building in Geylang (District 14). It is located along Aljunied Road, Singapore 389834.

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 6,708 sqm of land with roughly 16,771 sqm of gross floor area.

84 transactions have been recorded here, at a median of S$546 psf. The most recent was in July 2026.

Across JTC's rental returns for Aljunied Road, the median rent for industrial space on this street works out to about S$1.87 psf per month over 106 observations. Observed medians on the street span S$1.23 to S$2.56 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 6.1 km away. The closest business-park zone is about 1.8 km away. The nearest MRT is Mattar MRT, 430 m away (about a 7-minute walk). The closest bus stop (Opp Canossa Catholic Pr) is 180 m away (about a 3-minute walk).

152 businesses are currently registered at this address with ACRA.

What is Lipo Building zoned as?

Key takeawayLipo 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 →

What has Lipo Building sold for?

Key takeawayAcross 86 recorded transactions since 1995, the median price is about S$677k, most recently in Oct 2026.

Date	Use	Price	Area	PSF
Oct 2026	Multiple-user Factory	S$1.58M	1,668 sqft	$945
Oct 2026	Multiple-user Factory	S$4.01M	4,865 sqft	$824
Jul 2026	Multiple-user Factory	S$3.88M	4,865 sqft	$797
Jul 2026	Multiple-user Factory	S$1.22M	1,281 sqft	$949
Apr 2026	Multiple-user Factory	S$1.28M	969 sqft	$1,321
Apr 2026	Multiple-user Factory	S$1.33M	1,066 sqft	$1,250
Mar 2026	Multiple-user Factory	S$735k	807 sqft	$910
Jan 2026	Multiple-user Factory	S$4.57M	5,543 sqft	$825
Jul 2025	Multiple-user Factory	S$900k	1,012 sqft	$889
Jun 2025	Multiple-user Factory	S$852k	947 sqft	$900

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 Lipo Building rent for?

Key takeawayJTC publishes leases at Lipo Building itself: strata factory space leased at a median of $2.51 psf a month in 2026Q3, with the middle half of leases between $2.31 and $2.67. 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

$2.31

$24.88 psm

Median

$2.51

$27.07 psm

75th pct

$2.67

$28.69 psm

S$ per sq ft per month · median +3.1% on a year earlier

2023Q2 · $14.96 psm2026Q3 · $27.07 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 Aljunied Road

Street level · 2026Q3

25th pct

—

— psm

Median

$2.45

$26.34 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +4.3% on a year earlier

2023Q4 · $23.51 psm2026Q3 · $26.34 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 Lipo 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.

What's been approved at Lipo Building?

Key takeawayURA has approved 4 changes of use at Lipo Building since 2000, most recently in 2024. 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.

23 Aug 2024ApprovedFloor 6
Change of use to storage and production of animal feed
Retention of use of the 6th storey unit #06-XX as storage and production of animal feed
8 Apr 2022RenewedFloor 8
Continued use as industrial canteen
Continued use of unit #08-XX as industrial canteen
7 May 2019RenewedFloor 8
Continued use as industrial canteen
Continued use of unit #08-XX as industrial canteen
26 May 2016RenewedFloor 8
Continued use as industrial canteen
Continued use of unit #08-XX as industrial canteen
17 Jul 2014ApprovedFloor 1
Change of use
Proposed warehouse at unit #01-XX, lipo building
20 May 2014RenewedFloor 8
Continued use as ancillary staff canteen
Continued use of unit #08-XX as ancillary staff canteen
2 Jun 2011RenewedFloor 8
Continued use as canteen
Continued use of the warehouse #08-XX to canteen
7 Apr 2008RenewedFloor 8
Continued use as canteen
Continued use of the warehouse #08-XX to canteen
9 Jan 2007Approved
Additions & alterations
Proposed addition of a car park shelter to the existing flatted factory
31 May 2005Approved
Change of use to ancillary staff canteen
Cu of existing restroom and store on roof top to ancillary staff canteen
6 Sept 2000ApprovedFloor 4
Change of use to laboratory
Retention of use of the light industrial factory unit #04-XX as laboratory

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 Aljunied Road price?

Key takeawayAljunied Road's current JTC street rent is S$26.34 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 3.3% (2.9% net of property tax).

Strata sales on the street (5y)

118

Street median PSF (strata)

$900

Indicative street yield

3.3% gross

2.9% 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 available at Lipo Building right now?

Key takeaway8 units are currently listed at Lipo Building — 3 for sale and 5 for rent. One row per unit; several agents often market the same unit.

For sale (3)

Lipo Building2 agentsS$1.93M · 1,672 sqft
Lipo Building2 agentsS$4.59M · 4,779 sqft
Lipo Building2 agentsS$4.30M · 4,865 sqft

For rent (5)

Lipo Building2 agentsS$8k/mo · 4,456 sqft
Lipo BuildingS$800/mo · 140 sqft
Lipo BuildingS$550/mo · 100 sqft
Lipo Building2 agentsS$2k/mo · 430 sqft

Browse every listing at this building →

What is near Lipo Building?

Key takeawayThe nearest MRT/LRT is Mattar MRT, about 430 m away.

Getting around

Mattar MRT430 m · ~7 min

Amenities nearby

Educational Institution · 122 mPlace Of Worship · 156 mCODE 4 Medical Clinic · 164 mOpp Canossa Catholic Pr · 180 mMattar MRT Exit A · 408 mAljunied Pk · 479 mMacPherson Community Club · 541 mHotel · 750 mGeylang Polyclinic · 996 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Lipo Building

Key takeawayThe nearest station is Mattar (DT25), 408 m away — a quiet station, with 9,848 taps in and out on an average weekday. 8 public car parks are within 500 m.

Foot traffic: busier than 20% of retail buildings

nearest MRT/LRT Mattar (DT25) 408 m, about 9,848 taps a weekday; 3 more stations within 1 km; bus stops within 400 m: 9, about 8,032 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 42,000 residents within 1 km (June 2026); 0 other malls within 1 km. Ranked against 12,856 retail 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, and competing malls), not a count of people.

Stations within 1 km

Mattar (DT25)408 m · 9,848 weekday taps
MacPherson (CC10 / DT26)945 m · about 39,000 weekday taps
Aljunied (EW9)969 m · about 47,000 weekday taps
Geylang Bahru (DT24)999 m · about 12,000 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 Lipo Building. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with 8,032 boardings and alightings on an average weekday.

Public car parks within 500 m

Aljunied Rd (Minor) (URA)76 m
S$0.60 per half-hour at midday on a weekday · 19 car lots
Genting Lane Off St (URA)227 m
S$0.60 per half-hour at midday on a weekday · 38 car lots
Soon Wing Rd (URA)255 m
S$0.60 per half-hour at midday on a weekday · 10 car lots
Genting Lane (URA)278 m
S$0.60 per half-hour at midday on a weekday · 43 car lots
Blk 125 To 126 Aljunied Road (HDB)302 m
S$0.60 per half-hour at midday on a weekday · 116 car lots

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

Nearest URA season parking: Kallang Industrial Est Ate Zone A, 691 m away, S$90/month.

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

Who's registered at Lipo Building?

Key takeaway116 live companies (and LLPs and branches; sole proprietors are not counted) list Lipo Building as their registered address. These are registered businesses, not who occupies the space.

Real estate
22
Wholesale and retail trade
19
Manufacturing
18
Construction
16
Professional, scientific and technical services
10
Administrative and support services
10
Information and communications
8
Financial and insurance
5
Arts, entertainment and recreation
3
Transportation and storage
2

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$20.09 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$20.09 psm/mo
Observed range: S$13.27 – S$27.53

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 Lipo Building

Where is Lipo Building?⌄

Lipo Building is at 621 Aljunied Road, Singapore 389834, in the Geylang planning area.

What is Lipo Building zoned as?⌄

Lipo 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 Lipo 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 Lipo Building?⌄

Lipo Building is freehold.

What have units at Lipo Building sold for?⌄

Across 84 recorded transactions, the median is S$546 psf. The latest was in July 2026.

What does industrial space near Lipo Building rent for?⌄

JTC's rental returns for Aljunied Road put the median at about S$1.87 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Aljunied Road, not a rent quoted for Lipo Building itself.

What is the nearest MRT station to Lipo Building?⌄

Mattar MRT is the closest, 430 m away (about a 7-minute walk).

How many businesses are registered at Lipo Building?⌄

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

For agents · in the PropKaki app

The facts are here — now get the verdict on Lipo Building.

Ask what a unit here would fetch, what the zone allows, or how it compares.

Ask PropKaki Try on WhatsApp

PropKaki

Tell me about Lipo Building — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…

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.

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.

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 BCA's MCST register, URA planning decisions, 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.