IndustrialBUSINESS 1LeaseholdDistrict 23 · Bukit Batok

Midview Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Sept 2026

Quick Summary

Midview Building is a industrial building in District 23 · Bukit Batok, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 31 years remaining. 334 transactions are on record since 1995, at a median S$307 psf, most recently in Sept 2026. 29 units are currently listed for sale or rent. ACRA records 327 live company registrations at this address.

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

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What are the key facts about Midview Building?

Key takeawayMidview Building is a industrial building in District 23 · Bukit Batok, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 23 · Bukit Batok
Address: 50 Bukit Batok Street 23
Land area: 12,495 sqm
Completed: Not on record
Storeys: 7 (© OpenStreetMap contributors)
Strata units (MCST): 230
Managing agent: SAVILLS PROPERTY MANAGEMENT PTE LTD
Strata formed: 2002 (MCST 2688)
Units with a recorded sale: At least 181
Listed as: Light Industrial (B1), Factory / Workshop (B2), Warehouse
Transactions on record: 334 (records start 1995)
Live listings: 29
ACRA registrations: 327

About Midview Building

Midview Building is an industrial building in Bukit Batok (District 23). It is located along Bukit Batok Street 23, Singapore 659578.

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 31 years left to run. It sits on about 12,495 sqm of land with roughly 31,237 sqm of gross floor area.

332 transactions have been recorded here, at a median of S$304 psf. The most recent was in July 2026.

Across JTC's rental returns for Bukit Batok Street 23, the median rent for industrial space on this street works out to about S$1.75 psf per month over 98 observations. Observed medians on the street span S$0.85 to S$2.40 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 4.7 km away. The closest business-park zone is about 1.4 km away. The closest bus stop (Midview Bldg) is 58 m away (about a 1-minute walk).

431 businesses are currently registered at this address with ACRA.

What is Midview Building zoned as?

Key takeawayMidview 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 Midview Building sold for?

Key takeawayAcross 334 recorded transactions since 1995, the median price is about S$414k, most recently in Sept 2026.

Date	Use	Price	Area	PSF
Sept 2026	Multiple-user Factory	S$465k	969 sqft	$480
Sept 2026	Multiple-user Factory	S$558k	1,206 sqft	$463
Jul 2026	Warehouse	S$968k	1,808 sqft	$535
Jun 2026	Multiple-user Factory	S$748k	1,755 sqft	$426
May 2026	Multiple-user Factory	S$500k	1,087 sqft	$460
Apr 2026	Multiple-user Factory	S$748k	1,755 sqft	$426
Oct 2025	Multiple-user Factory	S$530k	1,249 sqft	$424
Oct 2025	Multiple-user Factory	S$540k	1,281 sqft	$422
Sept 2025	Warehouse	S$600k	1,518 sqft	$395
Sept 2025	Multiple-user Factory	S$520k	1,249 sqft	$416

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 Midview Building rent for?

Key takeawayJTC publishes leases at Midview Building itself: strata factory space leased at a median of $2.46 psf a month in 2026Q3, with the middle half of leases between $1.93 and $2.66. 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

$1.93

$20.78 psm

Median

$2.46

$26.48 psm

75th pct

$2.66

$28.58 psm

S$ per sq ft per month · median +4.7% on a year earlier

2023Q3 · $24.10 psm2026Q3 · $26.48 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 Bukit Batok Street 23

Street level · 2026Q3

25th pct

—

— psm

Median

$2.50

$26.91 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +6.4% on a year earlier

2023Q4 · $22.41 psm2026Q3 · $26.91 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 Midview 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 fast units move at Midview Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 16 units for rent; 13 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 2 new listings appeared and 2 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, 2 new listings appeared and 2 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.

What's been approved at Midview Building?

Key takeawayURA has approved 14 changes of use at Midview Building since 2000, most recently in 2026, and refused 2. 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.

2 Feb 2026ApprovedFloor 8
Change of use to import/export of ornamental fish
Proposed change of use of #08-XX to import/export of ornamental fish
15 Dec 2025RenewedFloor 7
Continued use as industrial training
Continued use of unit #07-XX as industrial training
11 Jun 2025ApprovedFloor 7
Change of use to production of meal worms
Proposed change of use of #07-XX to production of meal worms
26 Dec 2024RefusedFloor 3
Change of use to restaurant and bar with live entertainment
Proposed change of use of #03-XX, #03-XX, #03-XX, #03-XX and #03-XX to restaurant and bar with live entertainment
20 Nov 2023RenewedFloor 1
Continued use as multiple foodstalls with offsite delivery
Continued use of unit #01-XX as multiple foodstalls with offsite delivery
23 Feb 2023ApprovedFloor 7
Change of use to industrial training
Proposed change of use of factory unit #07-XX to industrial training
21 Jan 2022ApprovedFloor 1
Change of use to multiple foodstalls with offsite delivery
Proposed change of use of unit #01-XX to multiple foodstalls with offsite delivery
23 Mar 2021ApprovedFloor 8
Change of use to warehouse
Proposed change of use of unit #08-XX to warehouse
5 Oct 2017ApprovedFloor 4
Change of use to indoor farming and prototyping
Proposed change of use of #04-XX to indoor farming and prototyping on lot 07799x mk05 at 50 bukit batok street 23 - midview building (bukit batok planning area)
22 Aug 2016RefusedFloor 1
Change of use to industrial canteen
Change of use of the 1st storey warehouse unit #01-XX to industrial canteen (being expansion to approved staff canteen at unit #01-XX)
9 May 2013ApprovedFloor 1
Change of use: warehouse → vehicle maintenace workshop
Proposed change of use of part of 1st storey premise (unit #01-XX) at the 8-storey multi-user industrial development (midview building) from warehouse to vehicle maintenace workshop
3 Oct 2006ApprovedFloor 2
Change of use to motor-cycle workshop
Retention of the premises (unit #02-XX) from warehouse as motor-cycle workshop

7 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).

How does Bukit Batok Street 23 price?

Key takeawayBukit Batok Street 23's current JTC street rent is S$26.91 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 7.2% (6.5% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$402

Indicative street yield

7.2% gross

6.5% 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 Midview Building right now?

Key takeaway29 units are currently listed at Midview Building — 13 for sale and 16 for rent. One row per unit; several agents often market the same unit.

For sale (13)

Midview BuildingS$480k · 968 sqft
Midview BuildingS$603k · 1,206 sqft
Midview Building2 agentsS$723k · 1,507 sqft
Midview BuildingS$708k · 1,668 sqft

For rent (16)

Midview BuildingS$3k/mo · 1,249 sqft
Midview BuildingS$1k/mo · 320 sqft
Midview Building2 agentsS$4k/mo · 1,755 sqft
Midview BuildingS$888/mo · 209 sqft

Browse every listing at this building →

What is near Midview Building?

Amenities nearby

Midview Bldg · 58 mEducational Institution · 569 mHisemainn Medical Clinic (Bukit Batok) · 586 mJurong Community Hospital · 1.4 kmBusiness Park · 1.4 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Midview Building

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Bukit Batok, 1.3 km away. 2 public car parks are within 500 m.

Foot traffic: busier than 60% of industrial buildings

no MRT/LRT within 1 km (nearest Bukit Batok, 1.3 km); bus stops within 400 m: 9, about 14,000 taps a weekday; Bukit Batok: 33,792 resident workers (Census 2020, by workplace); about 25,000 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.

Bus

9 bus stops within 400 m, with about 14,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 290H Bukit Batok Street 24 (HDB)448 m
S$0.60 per half-hour at midday on a weekday · gantry 2 m · 951 car lots
Blk 291F Bukit Batok Street 24 (HDB)456 m
S$0.60 per half-hour at midday on a weekday · gantry 2 m

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: Hillview Terrace, 1.5 km away, S$90/month.

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

Who's registered at Midview Building?

Key takeaway327 live companies (and LLPs and branches; sole proprietors are not counted) list Midview Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
86
Construction
64
Professional, scientific and technical services
42
Manufacturing
29
Administrative and support services
26
Other services
21
Information and communications
18
Financial and insurance
11
Accommodation and food services
11
Transportation and storage
6

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$18.80 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$18.80 psm/mo
Observed range: S$9.13 – S$25.83

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 Midview Building

Where is Midview Building?⌄

Midview Building is at 50 Bukit Batok Street 23, Singapore 659578, in the Bukit Batok planning area.

What is Midview Building zoned as?⌄

Midview 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 Midview 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 Midview Building?⌄

Midview Building is leasehold. About 31 years remain on the lease.

What have units at Midview Building sold for?⌄

Across 332 recorded transactions, the median is S$304 psf. The latest was in July 2026.

What does industrial space near Midview Building rent for?⌄

JTC's rental returns for Bukit Batok Street 23 put the median at about S$1.75 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Bukit Batok Street 23, not a rent quoted for Midview Building itself.

How many businesses are registered at Midview Building?⌄

431 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.

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.

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 planning decisions, HDB car park information (data.gov.sg), 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.