IndustrialBUSINESS 1LeaseholdDistrict 13 · Geylang

Nova Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Sept 2013

Quick Summary

Nova 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 leasehold with roughly 22 years remaining. 3 transactions are on record since 1995, most recently in Sept 2013. 1 unit is currently listed for rent. ACRA records 18 live company registrations at this address.

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

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What are the key facts about Nova Building?

Key takeawayNova Building is a industrial building in District 13 · Geylang, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 13 · Geylang
Address: 12 Kallang Way
Land area: 4,763 sqm
Completed: Not on record
Storeys: Not on record
Estate (JTC): Kolam Ayer Industrial Estate
Listed as: Light Industrial (B1)
Transactions on record: 3 (records start 1995)
Live listings: 1
ACRA registrations: 18

About Nova Building

Nova Building is an industrial building in Geylang (District 13). It is located along Kallang Way, Singapore 349216.

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 22 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 4,763 sqm of land with roughly 11,906 sqm of gross floor area.

3 transactions have been recorded here, at a median of S$392 psf. The most recent was in September 2013.

Across JTC's rental returns for Kallang Way, the median rent for industrial space on this street works out to about S$1.71 psf per month over 66 observations. Observed medians on the street span S$1.31 to S$4.35 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 111,150 sqm of gross floor area, the earliest due around 2028.

The nearest port or airport land is about 6.0 km away. The closest business-park zone is about 2.0 km away. The nearest MRT is Mattar MRT, 614 m away (about a 10-minute walk). The closest bus stop (Aft Genting Lane) is 34 m away (about a 0-minute walk).

22 businesses are currently registered at this address with ACRA.

What is Nova Building zoned as?

Key takeawayNova 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 Nova Building sold for?

Key takeaway3 transactions are on record since 1995, most recently in Sept 2013 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Sept 2013	Single-user Factory	S$21.00M	51,265 sqft	$410
Jun 2009	Single-user Factory	S$7.20M	51,265 sqft	$140
Sept 1996	Single-user Factory	S$20.10M	51,265 sqft	$392

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 Nova Building rent for?

Key takeawayNo rent is published for Nova Building itself. On its street, Kallang Way, strata factory space rented at a median of $4.30 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 Kallang Way

Street level · 2026Q3

25th pct

—

— psm

Median

$4.30

$46.29 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +2.4% on a year earlier

2023Q4 · $44.40 psm2026Q3 · $46.29 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 Nova 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 Nova 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, 1 new listing 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 Nova Building?

Key takeawayURA has approved 2 changes of use at Nova 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.

4 Mar 2022ApprovedFloor 1
Change of use to warehouse
Proposed change of use of the 1st storey ancillary canteen to warehouse (#01-XX) and 1st storey showroom to ancillary office with storage
3 Apr 2017Approved
Change of use to industrial canteen
Change of use of part 1st storey showroom to industrial canteen

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).

What is available at Nova Building right now?

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

For rent (1)

Kallang Way2 agentsS$14k/mo · 6,996 sqft

Browse every listing at this building →

What is near Nova Building?

Key takeawayThe nearest MRT/LRT is Mattar MRT, about 614 m away.

Getting around

Mattar MRT614 m · ~10 min

Amenities nearby

Aft Genting Lane · 35 mCODE 4 Medical Clinic · 213 mEducational Institution · 233 mMattar MRT Exit A · 596 mBlk 49 Sims Place · 731 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Nova Building

Key takeawayThe nearest station is Mattar (DT25), 596 m away — a quiet station, with 9,848 taps in and out on an average weekday. 7 public car parks are within 500 m.

Foot traffic: busier than 88% of industrial buildings

nearest MRT/LRT Mattar (DT25) 596 m, about 9,848 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 8, about 6,050 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 41,000 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

Mattar (DT25)596 m · 9,848 weekday taps
Geylang Bahru (DT24)828 m · about 12,000 weekday taps
Aljunied (EW9)889 m · about 47,000 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 Nova Building. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with 6,050 boardings and alightings on an average weekday.

Public car parks within 500 m

Kallang Way 2A (URA)145 m
S$0.60 per half-hour at midday on a weekday · 15 car lots
Genting Lane Off St (URA)195 m
S$0.60 per half-hour at midday on a weekday · 38 car lots
Aljunied Rd (Minor) (URA)225 m
S$0.60 per half-hour at midday on a weekday · 19 car lots
Genting Lane (URA)248 m
S$0.60 per half-hour at midday on a weekday · 43 car lots
Blk 125 To 126 Aljunied Road (HDB)375 m
S$0.60 per half-hour at midday on a weekday · 116 car lots

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

Nearest URA season parking: Kallang Industrial Est Ate Zone A, 558 m away, S$90/month.

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

Who's registered at Nova Building?

Key takeaway18 live companies (and LLPs and branches; sole proprietors are not counted) list Nova Building as their registered address. These are registered businesses, not who occupies the space.

Construction
6
Manufacturing
3
Wholesale and retail trade
2
Professional, scientific and technical services
2
Administrative and support services
2
Accommodation and food services
1
Information and communications
1
Financial and insurance
1
Education
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$18.41 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$18.41 psm/mo
Observed range: S$14.10 – S$46.82
Pipeline on this street: 1 project · earliest TOP 2028

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 Nova Building

Where is Nova Building?⌄

Nova Building is at 12 Kallang Way, Singapore 349216, in the Geylang planning area.

What is Nova Building zoned as?⌄

Nova 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 Nova 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 Nova Building?⌄

Nova Building is leasehold. About 22 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at Nova Building sold for?⌄

Across 3 recorded transactions, the median is S$392 psf. The latest was in September 2013.

What does industrial space near Nova Building rent for?⌄

JTC's rental returns for Kallang Way put the median at about S$1.71 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Kallang Way, not a rent quoted for Nova Building itself.

What is the nearest MRT station to Nova Building?⌄

Mattar MRT is the closest, 614 m away (about a 10-minute walk).

How many businesses are registered at Nova Building?⌄

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

For agents · in the PropKaki app

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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".

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 — 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.