IndustrialBUSINESS 2LeaseholdDistrict 14 · Geylang

Nam Hiong Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Jun 2007
Quick Summary

Nam Hiong 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 2.5. It is leasehold. 1 transaction is on record since 1995, most recently in Jun 2007. 1 unit is currently listed for rent. ACRA records 63 live company registrations at this address.

1

What are the key facts about Nam Hiong Building?

Key takeawayNam Hiong 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
2.5
Tenure
Leasehold
District / Area
District 14 · Geylang
Address
45 Ubi Road 1
Land area
6,898 sqm
Completed
Not on record
Storeys
5 (© OpenStreetMap contributors)
Owner
Mapletree Industrial Trust (SGX filings)
Estate (JTC)
Kampong Ubi Industrial Estate
Listed as
Warehouse
Transactions on record
1 (records start 1995)
Live listings
1
ACRA registrations
63
2

Who owns Nam Hiong Building, and what is it valued at?

Key takeawayNam Hiong Building is owned by Mapletree Industrial Trust, 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.
45 Ubi Road 1
Valued at S$17 million as at 31 Mar 2026, by CBRE Pte. Ltd..
45 Ubi Road 1: Mapletree Industrial Trust's annual report (2025)
Occupancy
96.2% (as of 31 Mar 2026)
Land tenure
30 + 30 years

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 Nam Hiong Building

Nam Hiong Building is an industrial building in Geylang (District 14). It is located along Ubi Road 1, Singapore 408696.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2.5. 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 6,898 sqm of land with roughly 17,245 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$303 psf. The most recent was in June 2007.

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 7.1 km away. The closest business-park zone is about 1.2 km away. The nearest MRT is Macpherson MRT, 407 m away (about a 6-minute walk). The closest bus stop (Traffic Police) is 120 m away (about a 2-minute walk).

63 businesses are currently registered at this address with ACRA.

4

What is Nam Hiong Building zoned as?

Key takeawayNam Hiong Building sits on land zoned BUSINESS 2 with a gross plot ratio of 2.5.
Land-use zone
BUSINESS 2
Gross plot ratio
2.5

Run the full zoning report for this building →

5

What has Nam Hiong Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jun 2007 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jun 2007Single-user FactoryS$22.50M74,251 sqft$303

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 Nam Hiong Building rent for?

Key takeawayNo rent is published for Nam Hiong 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 Nam Hiong 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

How fast units move at Nam Hiong Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit 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.

9

What's been approved at Nam Hiong Building?

Key takeawayURA has approved 1 change of use at Nam Hiong Building since 2000, most recently in 2022. 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. 24 Oct 2025RenewedFloors 4, 5
    Continued use as e-business

    Continued use of units #04-XX, #04-XX, #05-XX and #05-XX as e-business

  2. 28 Nov 2022ApprovedFloor 5
    Change of use to e-business

    Change of use of the 5th storey unit #05-XX to e-business (software design and development)

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).

10

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.

11

What is available at Nam Hiong Building right now?

Key takeaway1 unit is currently listed at Nam Hiong Building. One row per unit; several agents often market the same unit.

For rent (1)

  • Ground floor Stand Alone 2 floor at Macpherson Tai Seng Benson Chan 9o36.5ooo2 agentsS$25k/mo · 15,000 sqft

Browse every listing at this building →

12

What is near Nam Hiong Building?

Key takeawayThe nearest MRT/LRT is Macpherson MRT, about 407 m away.

Getting around

Amenities nearby

Traffic Police · 120 mEducational Institution · 319 mMacpherson MRT Exit A · 373 mLifecare Medical Centre · 515 mBlk 80 Circuit Road · 525 mBusiness Park · 1.2 km

Straight-line distances. Source: PropKaki amenities data.

13

Getting there and parking at Nam Hiong Building

Key takeawayThe nearest station is MacPherson (CC10 / DT26), 373 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) 373 m, about 39,000 taps a weekday; 3 more stations 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 39,000 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)373 m · about 39,000 weekday taps
  • Tai Seng (CC11)670 m · about 45,000 weekday taps
  • Ubi (DT27)789 m · about 22,000 weekday taps
  • Mattar (DT25)928 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 Nam Hiong 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 1 (URA)87 m
    S$0.60 per half-hour at midday on a weekday · 26 car lots
  • Blk 3004-3007,3014,3015 Ubi Road 1 (JTC)229 m
  • Ubi Ave 3 (URA)317 m
    S$0.60 per half-hour at midday on a weekday · 67 car lots
  • Blk 17 Circuit Road (HDB)326 m
    S$0.60 per half-hour at midday on a weekday · gantry 2.15 m
  • Ubi Link (URA)387 m
    S$0.60 per half-hour at midday on a weekday · 18 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: Kampong Ampat Industri Al Estate, 925 m away, S$90/month.

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

14

Who's registered at Nam Hiong Building?

Key takeaway63 live companies (and LLPs and branches; sole proprietors are not counted) list Nam Hiong Building as their registered address. These are registered businesses, not who occupies the space.
  • Financial and insurance
    40
  • Accommodation and food services
    9
  • Wholesale and retail trade
    6
  • Real estate
    3
  • Information and communications
    2
  • Professional, scientific and technical services
    2
  • Manufacturing
    1
  • Construction
    0
  • Administrative and support services
    0
  • Other services
    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.

15

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.

16

Frequently asked questions about Nam Hiong Building

Where is Nam Hiong Building?⌄

Nam Hiong Building is at 45 Ubi Road 1, Singapore 408696, in the Geylang planning area.

What is Nam Hiong Building zoned as?⌄

Nam Hiong Building is zoned Business 2 under the URA Master Plan, with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

What kind of business can operate at Nam Hiong 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 Nam Hiong Building?⌄

Nam Hiong 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 Nam Hiong Building sold for?⌄

Across 1 recorded transaction, the median is S$303 psf. The latest was in June 2007.

What does industrial space near Nam Hiong 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 Nam Hiong Building itself.

What is the nearest MRT station to Nam Hiong Building?⌄

Macpherson MRT is the closest, 407 m away (about a 6-minute walk).

How many businesses are registered at Nam Hiong Building?⌄

63 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 Nam Hiong Building.

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

PropKaki
Tell me about Nam Hiong 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…