PropKaki
IndustrialBUSINESS 1LeaseholdDistrict 14 · Geylang

Number One Building

Reviewed by Nathan TangUpdated 10 August 2026Data through Feb 2026
Quick Summary

Number One Building is a industrial building in District 14 · Geylang, 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. 50 transactions are on record since 1995, most recently in Feb 2026. 4 units are currently listed for sale or rent. ACRA records 66 live company registrations at this address.

The facts are here — now get the verdict on Number One Building.Ask PropKaki
1

What are the key facts about Number One Building?

Key takeawayNumber One Building is a industrial building in District 14 · Geylang, zoned BUSINESS 1, held leasehold.
Asset class
Industrial
Land-use zone
BUSINESS 1
Gross plot ratio
2.5
Tenure
Leasehold
District / Area
District 14 · Geylang
Address
1 Ubi Crescent
Land area
2,965 sqm
Transactions on record
50 (records start 1995)
Live listings
4
ACRA registrations
66
2

About Number One Building

Number One Building is an industrial building in Geylang (District 14). It is located along Ubi Crescent, Singapore 408563.

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 2,965 sqm of land with roughly 7,412 sqm of gross floor area.

50 transactions have been recorded here, at a median of S$264 psf. The most recent was in February 2026.

Across JTC's rental returns for Ubi Crescent, the median rent for industrial space on this street works out to about S$2.00 psf per month over 101 observations. Observed medians on the street span S$0.96 to S$3.00 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 6.8 km away. The closest business-park zone is about 1.7 km away. The nearest MRT is Macpherson MRT, 401 m away (about a 6-minute walk). The closest bus stop (Opp Meiban Ind Bldg) is 105 m away (about a 2-minute walk).

66 businesses are currently registered at this address with ACRA.

3

What is Number One Building zoned as?

Key takeawayNumber One 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 →

4

What has Number One Building sold for?

Key takeawayAcross 50 recorded transactions since 1995, the median price is about S$386k, most recently in Feb 2026.
DateUsePriceAreaPSF
Feb 2026Multiple-user FactoryS$685k1,421 sqft$482
Sept 2025Multiple-user FactoryS$565k1,119 sqft$505
Nov 2024Multiple-user FactoryS$630k1,378 sqft$457
Apr 2024Multiple-user FactoryS$585k1,324 sqft$442
Dec 2023Multiple-user FactoryS$610k1,399 sqft$436
Mar 2023Multiple-user FactoryS$550k1,227 sqft$448
Feb 2023Multiple-user FactoryS$561k1,421 sqft$395
Mar 2022Multiple-user FactoryS$580k1,485 sqft$390
Nov 2021Multiple-user FactoryS$500k1,378 sqft$363
Oct 2021Multiple-user FactoryS$460k1,324 sqft$347

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.

5

How does Ubi Crescent price?

Key takeawayUbi Crescent's current JTC street rent is S$30.86 psm/month (2026Q2), which against the street's strata sale median works out to an indicative gross yield of 6.1% (5.5% net of property tax).
Strata sales on the street (5y)
251
Street median PSF (strata)
$540
Indicative street yield
6.1% gross
5.5% 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.

6

What is available at Number One Building right now?

Key takeaway4 units are currently listed at Number One Building — 2 for sale and 2 for rent. One row per unit; several agents often market the same unit.

For sale (2)

  • Number One Building2 agentsS$735k · 1,485 sqft
  • Number One Building2 agentsS$700k · 1,485 sqft

For rent (2)

  • Number One Building2 agentsS$5k/mo · 1,500 sqft
  • Number One BuildingS$4k/mo · 1,485 sqft

Browse every listing at this building →

7

What is near Number One Building?

Key takeawayThe nearest MRT/LRT is Macpherson MRT, about 401 m away.

Getting around

Amenities nearby

Opp Meiban Ind Bldg · 105 mMHC Medical Centre (Ubi) · 191 mMacpherson MRT Exit B · 367 mEducational Institution · 645 mBlk 80 Circuit Road · 804 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Number One Building?

Key takeawayACRA records 66 live company registrations at this address, 15 of them in the last three years.
Live registrations
66
Registered last 3 years
15

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.

9

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$21.49 psm/month — an all-time median from 2000 onwards, not a current rent.
Street rent, median
S$21.49 psm/mo
Observed range
S$10.38 – S$32.29

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.

10

Frequently asked questions about Number One Building

Where is Number One Building?⌄

Number One Building is at 1 Ubi Crescent, Singapore 408563, in the Geylang planning area.

What is Number One Building zoned as?⌄

Number One 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 Number One 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 Number One Building?⌄

Number One Building is leasehold. About 31 years remain on the lease.

What have units at Number One Building sold for?⌄

Across 50 recorded transactions, the median is S$264 psf. The latest was in February 2026.

What does industrial space near Number One Building rent for?⌄

JTC's rental returns for Ubi Crescent 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 Crescent, not a rent quoted for Number One Building itself.

What is the nearest MRT station to Number One Building?⌄

Macpherson MRT is the closest, 401 m away (about a 6-minute walk).

How many businesses are registered at Number One Building?⌄

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

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