IndustrialBUSINESS 1FreeholdDistrict 13 · Geylang

Minwu Industrial Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2016

Quick Summary

Minwu Industrial Building is a industrial building in District 13 · Geylang, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is freehold. 2 transactions are on record since 1995, most recently in Oct 2016. ACRA records 4 live company registrations at this address.

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

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What are the key facts about Minwu Industrial Building?

Key takeawayMinwu Industrial Building is a industrial building in District 13 · Geylang, zoned BUSINESS 1, held freehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Freehold
District / Area: District 13 · Geylang
Address: 41 Genting Lane
Land area: 1,358 sqm
Completed: 2023 (JTC industrial completions)
Storeys: Not on record
Developer: Spireworks 1 Pte Ltd (JTC industrial completions)
Transactions on record: 2 (records start 1995)
Live listings: None
ACRA registrations: 4

About Minwu Industrial Building

Minwu Industrial Building is an industrial building in Geylang (District 13). It is located along Genting Lane, Singapore 349555.

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 1,358 sqm of land with roughly 3,394 sqm of gross floor area.

2 transactions have been recorded here, at a median of S$1,216 psf. The most recent was in October 2016.

Across JTC's rental returns for Genting Lane, the median rent for industrial space on this street works out to about S$1.60 psf per month over 106 observations. Observed medians on the street span S$0.73 to S$2.20 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

1 industrial project is still uncompleted on this street, adding about 17,170 sqm of gross floor area, the earliest due around 2027.

The nearest port or airport land is about 6.3 km away. The closest business-park zone is about 1.9 km away. The nearest MRT is Potong Pasir MRT, 707 m away (about a 11-minute walk). The closest bus stop (Bef Genting Lk) is 128 m away (about a 2-minute walk).

7 businesses are currently registered at this address with ACRA.

What is Minwu Industrial Building zoned as?

Key takeawayMinwu 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 →

What has Minwu Industrial Building sold for?

Key takeaway2 transactions are on record since 1995, most recently in Oct 2016 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Oct 2016	Single-user Factory	S$8.08M	6,491 sqft	$1,245
Sept 2013	Single-user Factory	S$7.70M	6,491 sqft	$1,186

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 Minwu Industrial Building rent for?

Key takeawayNo rent is published for Minwu Industrial Building itself. On its street, Genting Lane, strata factory space rented at a median of $2.15 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 Genting Lane

Street level · 2026Q3

25th pct

—

— psm

Median

$2.15

$23.14 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +4.1% on a year earlier

2023Q4 · $20.24 psm2026Q3 · $23.14 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 Minwu 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.

How does Genting Lane price?

Key takeawayGenting Lane's current JTC street rent is S$23.14 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 3.6% (3.3% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$696

Indicative street yield

3.6% gross

3.3% 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 near Minwu Industrial Building?

Key takeawayThe nearest MRT/LRT is Potong Pasir MRT, about 707 m away.

Getting around

Potong Pasir MRT707 m · ~11 min

Amenities nearby

Bef Genting Lk · 128 mRuby Medical Centre · 220 mEducational Institution · 600 mPotong Pasir MRT Exit B · 668 mBlk 69 Geylang Bahru · 883 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Minwu Industrial Building

Key takeawayThe nearest station is Potong Pasir (NE10), 668 m away — a moderately busy station, with about 35,000 taps in and out on an average weekday. 13 public car parks are within 500 m; the cheapest URA season parking nearby is S$80 a month.

Foot traffic: busier than 89% of industrial buildings

nearest MRT/LRT Potong Pasir (NE10) 668 m, about 35,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 6, about 6,882 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

Potong Pasir (NE10)668 m · about 35,000 weekday taps
Geylang Bahru (DT24)789 m · about 12,000 weekday taps
Mattar (DT25)924 m · 9,848 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 Minwu Industrial Building. Transfers between lines don't tap, so interchanges read low.

Bus

6 bus stops within 400 m, with 6,882 boardings and alightings on an average weekday.

Public car parks within 500 m

Genting Link (URA)68 m
S$0.60 per half-hour at midday on a weekday · 2 car lots
Genting Rd (URA)71 m
S$0.60 per half-hour at midday on a weekday · 20 car lots
Lor Pendek (URA)148 m
S$0.60 per half-hour at midday on a weekday · 4 car lots
Lor Bakar Batu (URA)149 m
S$0.60 per half-hour at midday on a weekday · 50 car lots
Service Rd (Macpherson Rd) (URA)199 m
S$0.60 per half-hour at midday on a weekday · season S$90/month · 23 car lots

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

Who's registered at Minwu Industrial Building?

Key takeaway4 live companies (and LLPs and branches; sole proprietors are not counted) list Minwu Industrial Building as their registered address. These are registered businesses, not who occupies the space.

Construction
3
Financial and insurance
1
Wholesale and retail trade
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$17.23 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$17.23 psm/mo
Observed range: S$7.82 – S$23.68
Pipeline on this street: 1 project · earliest TOP 2027

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 Minwu Industrial Building

Where is Minwu Industrial Building?⌄

Minwu Industrial Building is at 41 Genting Lane, Singapore 349555, in the Geylang planning area.

What is Minwu Industrial Building zoned as?⌄

Minwu 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 Minwu 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 Minwu Industrial Building?⌄

Minwu Industrial Building is freehold.

What have units at Minwu Industrial Building sold for?⌄

Across 2 recorded transactions, the median is S$1,216 psf. The latest was in October 2016.

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

JTC's rental returns for Genting Lane put the median at about S$1.60 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Genting Lane, not a rent quoted for Minwu Industrial Building itself.

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

Potong Pasir MRT is the closest, 707 m away (about a 11-minute walk).

How many businesses are registered at Minwu Industrial Building?⌄

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

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Read the figures right

Completion year: the first quarter JTC records a TOP (Temporary Occupation Permit) at this address. JTC lists major industrial projects (7,000 sqm and up) from 2013; where an older building stood on the site, this is the current building's year.

Developer: as named on JTC's completion record, often the project company rather than the listed group.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

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.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

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 JTC industrial completions, 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.