IndustrialBUSINESS 1LeaseholdDistrict 14 · Geylang

Number One Building

Reviewed by Nathan TangUpdated 8 November 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, at a median S$265 psf, most recently in Feb 2026. 2 units are currently listed for sale. ACRA records 51 live company registrations at this address.

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

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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
Completed: Not on record
Storeys: 6 (© OpenStreetMap contributors)
Strata units (MCST): 35
Managing agent: MCS UNITED GROUP HOLDINGS PTE LTD
Strata formed: 2001 (MCST 2558)
Units with a recorded sale: At least 30
Listed as: Light Industrial (B1), Office
Transactions on record: 50 (records start 1995)
Live listings: 2
ACRA registrations: 51

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.

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 →

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.

Date	Use	Price	Area	PSF
Feb 2026	Multiple-user Factory	S$685k	1,421 sqft	$482
Sept 2025	Multiple-user Factory	S$565k	1,119 sqft	$505
Nov 2024	Multiple-user Factory	S$630k	1,378 sqft	$457
Apr 2024	Multiple-user Factory	S$585k	1,324 sqft	$442
Dec 2023	Multiple-user Factory	S$610k	1,399 sqft	$436
Mar 2023	Multiple-user Factory	S$550k	1,227 sqft	$448
Feb 2023	Multiple-user Factory	S$561k	1,421 sqft	$395
Mar 2022	Multiple-user Factory	S$580k	1,485 sqft	$390
Nov 2021	Multiple-user Factory	S$500k	1,378 sqft	$363
Oct 2021	Multiple-user Factory	S$460k	1,324 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. sqm ↔ sq ft converter

What does space at Number One Building rent for?

Key takeawayJTC publishes leases at Number One Building itself: strata factory space leased at a median of $2.54 psf a month in 2026Q2, with the middle half of leases between $2.44 and $2.70. That is the building's figure across its leases, and never a quote for a particular unit.

Strata factory space in this building

This building · 2026Q2

25th pct

$2.44

$26.25 psm

Median

$2.54

$27.31 psm

75th pct

$2.70

$29.10 psm

S$ per sq ft per month

2020Q1 · $16.21 psm2026Q2 · $27.31 psm median

JTC's percentiles of the gross rent declared to IRAS for strata factory units leased in THIS building in the stated quarter (J-SPACE). It is the building's figure across its leases, not any one unit's rent; a unit's floor, size and fit-out move it. '*' quarters (too few leases) are absent, not zero.

Source: JTC J-SPACE, rentals of strata-titled multiple-user factories.

Strata factory space on Ubi Crescent

Street level · 2026Q3

25th pct

—

— psm

Median

$2.87

$30.93 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +1.5% on a year earlier

2023Q4 · $30.75 psm2026Q3 · $30.93 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 Number One 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 Number One Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 0 units for rent; 2 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 2 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: 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 Number One Building?

Key takeawayURA has approved 1 change of use at Number One Building since 2000, most recently in 2009. 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.

28 Apr 2009Approved
Change of use to existing 3rd storey factory to ancillary workers' dormitory for existing 3-store
Proposed change of use to existing 3rd storey factory to ancillary workers' dormitory for existing 3-storey corner terrace factory

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 Crescent price?

Key takeawayUbi Crescent's current JTC street rent is S$30.93 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 6.2% (5.5% net of property tax).

Strata sales on the street (5y)

251

Street median PSF (strata)

$545

Indicative street yield

6.2% 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.

What is available at Number One Building right now?

Key takeaway2 units are currently listed at Number One Building. 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

Browse every listing at this building →

What is near Number One Building?

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

Getting around

Macpherson MRT401 m · ~6 min

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.

Getting there and parking at Number One Building

Key takeawayThe nearest station is MacPherson (CC10 / DT26), 367 m away — a moderately busy station, with about 39,000 taps in and out on an average weekday. 7 public car parks are within 500 m.

Foot traffic: busier than 97% of industrial buildings

nearest MRT/LRT MacPherson (CC10/DT26) 367 m, about 39,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 10, about 11,000 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)367 m · about 39,000 weekday taps
Ubi (DT27)705 m · about 22,000 weekday taps
Paya Lebar (EW8 / CC9)807 m · about 95,000 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 Number One Building. Transfers between lines don't tap, so interchanges read low.

Bus

10 bus stops within 400 m, with about 11,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Ubi Ave 1 (URA)108 m
S$0.60 per half-hour at midday on a weekday · 4 car lots
Ubi Crescent (URA)302 m
S$0.60 per half-hour at midday on a weekday · 17 car lots
Eunos Rd 7 - Eunos Ave 6 Hvp (URA)357 m
Blk 1001-1085 Eunos Industrial Estate (JTC)396 m
Blk 82 Circuit Road (HDB)449 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 314 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: Kaki Bukit Rd 1, 1.3 km away, S$90/month.

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

Who's registered at Number One Building?

Key takeaway51 live companies (and LLPs and branches; sole proprietors are not counted) list Number One Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
16
Construction
9
Accommodation and food services
8
Professional, scientific and technical services
6
Information and communications
5
Manufacturing
2
Financial and insurance
2
Administrative and support services
2
Real estate
1
Transportation and storage
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$21.49 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.

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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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

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 BCA's MCST register, 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.

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.