IndustrialBUSINESS 2LeaseholdDistrict 14 · Geylang

Mintwell Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Jan 2017

Quick Summary

Mintwell Building is a industrial building in District 14 · Geylang, on land zoned BUSINESS 2 under the URA Master Plan with a gross plot ratio of 2.0. It is leasehold. 2 transactions are on record since 1995, most recently in Jan 2017. 3 units are currently listed for rent. ACRA records 87 live company registrations at this address.

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

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What are the key facts about Mintwell Building?

Key takeawayMintwell Building is a industrial building in District 14 · Geylang, zoned BUSINESS 2, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 2
Gross plot ratio: 2.0
Tenure: Leasehold
District / Area: District 14 · Geylang
Address: 55 Ubi Avenue 3
Land area: 6,557 sqm
Completed: Not on record
Storeys: 5 (© OpenStreetMap contributors)
Estate (JTC): Kampong Ubi Industrial Estate
Listed as: Light Industrial (B1)
Transactions on record: 2 (records start 1995)
Live listings: 3
ACRA registrations: 87

Who owns Mintwell Building, and what is it valued at?

Key takeawayNo REIT or listed company holds Mintwell Building today on its latest filings. Earlier SGX filings about it are below, each with its date.

Whole-building deals

Announced 20 Jan 2017
RBC Investor Services Trust Singapore Limited (in its capacity as trustee of CIT) sold 55 Ubi Avenue 3 for S$22.1 million (sale consideration).
Announcement on SGX

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.

About Mintwell Building

Mintwell Building is an industrial building in Geylang (District 14). It is located along Ubi Avenue 3, Singapore 408864.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

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 6,557 sqm of land with roughly 13,113 sqm of gross floor area.

2 transactions have been recorded here, at a median of S$290 psf. The most recent was in January 2017.

Across JTC's rental returns for Ubi Avenue 3, the median rent for industrial space on this street works out to about S$2.00 psf per month over 75 observations. Observed medians on the street span S$1.14 to S$2.67 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 7.8 km away. The closest business-park zone is about 1.1 km away. The nearest MRT is Ubi MRT, 470 m away (about a 7-minute walk). The closest bus stop (Cycle & Carriage) is 146 m away (about a 2-minute walk).

87 businesses are currently registered at this address with ACRA.

What is Mintwell Building zoned as?

Key takeawayMintwell Building sits on land zoned BUSINESS 2 with a gross plot ratio of 2.0.

Land-use zone: BUSINESS 2
Gross plot ratio: 2.0

Run the full zoning report for this building →

What has Mintwell Building sold for?

Key takeaway2 transactions are on record since 1995, most recently in Jan 2017 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Jan 2017	Single-user Factory	S$22.14M	70,574 sqft	$314
Feb 2007	Single-user Factory	S$18.80M	70,574 sqft	$266

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 Mintwell Building rent for?

Key takeawayNo rent is published for Mintwell Building itself. On its street, Ubi Avenue 3, strata factory space rented at a median of $2.54 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 Avenue 3

Street level · 2026Q3

25th pct

—

— psm

Median

$2.54

$27.30 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median -2.3% on a year earlier

2023Q4 · $24.52 psm2026Q3 · $27.30 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 Mintwell 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 Mintwell Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 3 units for rent.

Rent: 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.

What's been approved at Mintwell Building?

Key takeawayURA has approved 2 changes of use at Mintwell Building since 2000, most recently in 2020, and refused 1. 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 Sept 2025RenewedFloor 1
Continued use as industrial canteen
Continued use of units #01-XX and #01-XX as industrial canteen
12 Aug 2024RenewedFloor 1
Change of use
Continued use of temporary industrial canteen with limited ancillary live entertainment in unit #01-XX
10 May 2023Approved
Additions & alterations
Proposed addition/alteration to 3rd storey production of existing 5-storey single-user industrial building on mk 23 lot 05147x at no.55 ubi avenue 3 (geylang planning area)
12 Apr 2022Renewed
Change of use
Continued use of temporary industrial canteen with limited ancillary live entertainment
14 Jun 2021Approved
Additions & alterations
Proposed addition & alteration to existing single-user industrial building involving converting part of 1st storey atrium into an industrial canteen on mk 23 lot 05147x at 55 ubi avenue 3 (geylang planning area)
2 Mar 2020ApprovedFloor 1
Change of use
Proposed limited ancillary live entertainment in the approved industrial canteen at unit #01-XX
16 Dec 2019RefusedFloor 1
Change of use to restaurant with live entertainment
Change of use of part industrial canteen (unit #01-XX) to restaurant with live entertainment
16 Jul 2019Approved
Additions & alterations
Proposed amendment to approved addition & alteration to existing 5-storey single-user industrial building on mk 23 lot 05147x at ubi avenue 3
21 Aug 2018Approved
Additions & alterations
Proposed regularization of gfa & amendment to approved addition & alteration to existing 5-storey single-user industrial building on mk 23 lot 05147x at ubi avenue 3 (geylang planning area)
18 Jun 2018Approved
Additions & alterations
Proposed addition & alteration to existing 5-storey single-user industrial building on mk 23 lot 05147x at ubi avenue 3 (geylang planning area)
25 Apr 2007Approved
Change of use to motor vehicle showroom
Change of use of 1st storey ancillary showroom to motor vehicle showroom

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 Ubi Avenue 3 price?

Key takeawayUbi Avenue 3's current JTC street rent is S$27.30 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 5.5% (5.0% net of property tax).

Strata sales on the street (5y)

215

Street median PSF (strata)

$532

Indicative street yield

5.5% gross

5.0% 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 Mintwell Building right now?

Key takeaway3 units are currently listed at Mintwell Building. One row per unit; several agents often market the same unit.

For rent (3)

Grd Floor Fitted At Ubi Showrm/warehseS$6k/mo · 1,066 sqft
Ubi Avenue 32 agentsS$24k/mo · 13,200 sqft
51 ubi ave 3S$60k/mo · 24,000 sqft

Browse every listing at this building →

What is near Mintwell Building?

Key takeawayThe nearest MRT/LRT is Ubi MRT, about 470 m away.

Getting around

Ubi MRT470 m · ~7 min

Amenities nearby

Cycle & Carriage · 146 mUbi MRT Exit B · 453 mSingMedical Clinic Ubi · 590 mEducational Institution · 658 mBusiness Park · 1.1 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Mintwell Building

Key takeawayThe nearest station is Ubi (DT27), 453 m away — a moderately busy station, with about 22,000 taps in and out on an average weekday. 8 public car parks are within 500 m.

Foot traffic: busier than 92% of industrial buildings

nearest MRT/LRT Ubi (DT27) 453 m, about 22,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 10, about 14,000 taps a weekday; Geylang: 116,481 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.

Stations within 1 km

Ubi (DT27)453 m · about 22,000 weekday taps
Tai Seng (CC11)984 m · about 45,000 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 Mintwell Building. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

Ubi Rd 3 (URA)170 m
S$0.60 per half-hour at midday on a weekday · 16 car lots
Ubi View (URA)176 m
S$0.60 per half-hour at midday on a weekday · 18 car lots
Ubi Ave 4 (URA)190 m
S$0.60 per half-hour at midday on a weekday · 10 car lots
Ubi Rd 2 (URA)231 m
S$0.60 per half-hour at midday on a weekday · 35 car lots
Ubi Avenue 4 (JTC)260 m

Nearest URA season parking: Kaki Bukit Rd 2, 548 m away, S$90/month.

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

Who's registered at Mintwell Building?

Key takeaway87 live companies (and LLPs and branches; sole proprietors are not counted) list Mintwell Building as their registered address. These are registered businesses, not who occupies the space.

Financial and insurance
47
Information and communications
17
Real estate
11
Wholesale and retail trade
7
Manufacturing
2
Construction
1
Professional, scientific and technical services
1
Accommodation and food services
1
Administrative and support services
0
Electricity, gas and air-conditioning supply
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.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$21.53 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$21.53 psm/mo
Observed range: S$12.26 – S$28.79

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 Mintwell Building

Where is Mintwell Building?⌄

Mintwell Building is at 55 Ubi Avenue 3, Singapore 408864, in the Geylang planning area.

What is Mintwell Building zoned as?⌄

Mintwell Building is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 2. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

What kind of business can operate at Mintwell Building?⌄

Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades. The specific trade still has to be approved, so check the permissible-use list for your activity.

What is the tenure of Mintwell Building?⌄

Mintwell 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 Mintwell Building sold for?⌄

Across 2 recorded transactions, the median is S$290 psf. The latest was in January 2017.

What does industrial space near Mintwell Building rent for?⌄

JTC's rental returns for Ubi Avenue 3 put the median at about S$2.00 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Ubi Avenue 3, not a rent quoted for Mintwell Building itself.

What is the nearest MRT station to Mintwell Building?⌄

Ubi MRT is the closest, 470 m away (about a 7-minute walk).

How many businesses are registered at Mintwell Building?⌄

87 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.

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".

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 JTC estate boundaries, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Owners, valuations and deals: the owners' own filings on SGX (notices of valuation of real assets, acquisition and divestment announcements, annual reports), facts only, each with its date.

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.