IndustrialBUSINESS 1LeaseholdDistrict 14 · Geylang

Meiban Industrial Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 2015
Quick Summary

Meiban Industrial 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 leasehold. 1 transaction is on record since 1995, most recently in Nov 2015. ACRA records 14 live company registrations at this address.

1

What are the key facts about Meiban Industrial Building?

Key takeawayMeiban Industrial Building is a industrial building in District 14 · Geylang, zoned BUSINESS 1, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS 1
Gross plot ratio
2.5
Tenure
Leasehold
District / Area
District 14 · Geylang
Address
11 Ubi Road 1
Land area
9,400 sqm
Completed
Not on record
Storeys
Not on record
Owner
ESR REIT (SGX filings)
Net lettable area
218,712 sq ft (the owner's annual report (as filed on SGX))
Land lease expires
2055 (the owner's annual report (as filed on SGX))
Estate (JTC)
Kampong Ubi Industrial Estate
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
14
2

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

Key takeawayMeiban Industrial Building is owned by ESR REIT, a REIT listed on SGX. The figures below come from its own SGX filings, each with its date. A valuation is an independent valuer's opinion for the owner's accounts, not a sale price.
11 Ubi Road 1
Valued at S$63.3 million as at 31 Dec 2025, by Edmund Tie & Company (SEA) Pte Ltd.
11 UBI ROAD 1: ESR REIT's annual report (2025)
Occupancy
100% (as of 31 Dec 2025)
Land lease expires
31 Aug 2055
Whole-building deals
  1. Announced 24 Nov 2015 · completed 24 Nov 2015
    VI-REIT bought Ubi Property for S$80.7 million (purchase consideration) from Meiban Investment 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 Meiban Industrial Building

Meiban Industrial Building is an industrial building in Geylang (District 14). It is located along Ubi Road 1, Singapore 408723.

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 leasehold, with about 0 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 9,400 sqm of land with roughly 23,499 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$782 psf. The most recent was in November 2015.

Across JTC's rental returns for Ubi Road 1, the median rent for industrial space on this street works out to about S$2.09 psf per month over 85 observations. Observed medians on the street span S$1.00 to S$3.01 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 6.8 km away. The closest business-park zone is about 1.7 km away. The nearest MRT is Macpherson MRT, 322 m away (about a 5-minute walk). The closest bus stop (Opp Meiban Ind Bldg) is 40 m away (about a 1-minute walk).

14 businesses are currently registered at this address with ACRA.

4

What is Meiban Industrial Building zoned as?

Key takeawayMeiban Industrial 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 →

5

What has Meiban Industrial Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Nov 2015 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Nov 2015Single-user FactoryS$80.70M103,239 sqft$782

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 Meiban Industrial Building rent for?

Key takeawayNo rent is published for Meiban Industrial Building itself. On its street, Ubi Road 1, strata factory space rented at a median of $3.03 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 Road 1

Street level · 2026Q3
25th pct
—
— psm
Median
$3.03
$32.65 psm
75th pct
—
— psm

S$ per sq ft per month (median only published) · median +1.3% on a year earlier

2023Q4 · $30.34 psm2026Q3 · $32.65 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 Meiban 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

What's been approved at Meiban Industrial Building?

Key takeawayURA has approved 3 changes of use at Meiban Industrial Building since 2000, most recently in 2026. 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. 1 Sept 2026ApprovedFloor 7
    Change of use to ancillary office

    Proposed change of use of unit #07-XX to ancillary office

  2. 1 Apr 2016ApprovedFloor 3
    Change of use: production area → industrial training

    Proposed change of use of unit #03-XX from production area to industrial training at meiban industrial building

  3. 3 Aug 2005Approved
    Additions & alterations

    Proposed amendment to approved additions and alterations to existing 7-storey single-user light industrial factory with a basement carpark

  4. 3 Aug 2004Approved
    Additions & alterations

    Proposed a/a to existing 7-sty single-user light industrial factory with a basement carpark

  5. 16 Oct 2002Approved
    Change of use: dormitory → type 1 e-business use

    Change of use of part of 7th storey of the existing 7-storey single-user factory with a basement carpark from dormitory to type 1 e-business use

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).

9

How does Ubi Road 1 price?

Key takeawayUbi Road 1's current JTC street rent is S$32.65 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 5.5% (4.9% net of property tax).
Strata sales on the street (5y)
351
Street median PSF (strata)
$636
Indicative street yield
5.5% 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.

10

What is near Meiban Industrial Building?

Key takeawayThe nearest MRT/LRT is Macpherson MRT, about 322 m away.

Getting around

Amenities nearby

Opp Meiban Ind Bldg · 40 mMHC Medical Centre (Ubi) · 199 mMacpherson MRT Exit B · 291 mEducational Institution · 560 mBlk 80 Circuit Road · 720 m

Straight-line distances. Source: PropKaki amenities data.

11

Getting there and parking at Meiban Industrial Building

Key takeawayThe nearest station is MacPherson (CC10 / DT26), 291 m away — a moderately busy station, with about 39,000 taps in and out on an average weekday. 8 public car parks are within 500 m.
Foot traffic: busier than 97% of industrial buildings

nearest MRT/LRT MacPherson (CC10/DT26) 291 m, about 39,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 10, about 13,000 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 40,000 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

  • MacPherson (CC10 / DT26)291 m · about 39,000 weekday taps
  • Ubi (DT27)735 m · about 22,000 weekday taps
  • Paya Lebar (EW8 / CC9)845 m · about 95,000 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 Meiban Industrial Building. Transfers between lines don't tap, so interchanges read low.

Bus

10 bus stops within 400 m, with about 13,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Ubi Ave 1 (URA)101 m
    S$0.60 per half-hour at midday on a weekday · 4 car lots
  • Ubi Crescent (URA)338 m
    S$0.60 per half-hour at midday on a weekday · 17 car lots
  • Blk 76 Circuit Road (HDB)379 m
    S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 436 car lots
  • Eunos Rd 7 - Eunos Ave 6 Hvp (URA)386 m
  • Blk 82 Circuit Road (HDB)395 m
    S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 314 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Macpherson Road Area, 1.3 km away, S$90/month.

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

12

Who's registered at Meiban Industrial Building?

Key takeaway14 live companies (and LLPs and branches; sole proprietors are not counted) list Meiban Industrial Building as their registered address. These are registered businesses, not who occupies the space.
  • Professional, scientific and technical services
    4
  • Wholesale and retail trade
    3
  • Financial and insurance
    3
  • Manufacturing
    2
  • Administrative and support services
    1
  • Other services
    1
  • Information and communications
    0
  • Real estate
    0
  • Arts, entertainment and recreation
    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.

13

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$22.52 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$22.52 psm/mo
Observed range
S$10.76 – S$32.43

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.

14

Frequently asked questions about Meiban Industrial Building

Where is Meiban Industrial Building?⌄

Meiban Industrial Building is at 11 Ubi Road 1, Singapore 408723, in the Geylang planning area.

What is Meiban Industrial Building zoned as?⌄

Meiban 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 Meiban 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 Meiban Industrial Building?⌄

Meiban Industrial Building is leasehold. About 0 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at Meiban Industrial Building sold for?⌄

Across 1 recorded transaction, the median is S$782 psf. The latest was in November 2015.

What does industrial space near Meiban Industrial Building rent for?⌄

JTC's rental returns for Ubi Road 1 put the median at about S$2.09 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Ubi Road 1, not a rent quoted for Meiban Industrial Building itself.

What is the nearest MRT station to Meiban Industrial Building?⌄

Macpherson MRT is the closest, 322 m away (about a 5-minute walk).

How many businesses are registered at Meiban Industrial Building?⌄

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

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