IndustrialBUSINESS 1LeaseholdDistrict 14 · Geylang

Oakwell Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2020

Quick Summary

Oakwell 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. 2 transactions are on record since 1995, most recently in Oct 2020. 1 unit is currently listed for rent. ACRA records 27 live company registrations at this address.

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

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What are the key facts about Oakwell Building?

Key takeawayOakwell 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: 8 Aljunied Avenue 3
Land area: 4,301 sqm
Completed: 2023 (JTC industrial completions)
Storeys: 6 (© OpenStreetMap contributors)
Developer: Exeo Global Pte Ltd (JTC industrial completions)
Estate (JTC): Eunos Industrial Estate
Listed as: Light Industrial (B1)
Transactions on record: 2 (records start 1995)
Live listings: 1
ACRA registrations: 27

About Oakwell Building

Oakwell Building is an industrial building in Geylang (District 14). It is located along Aljunied Avenue 3, Singapore 389933.

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 0 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 4,301 sqm of land with roughly 10,753 sqm of gross floor area.

2 transactions have been recorded here, at a median of S$165 psf. The most recent was in October 2020.

The nearest port or airport land is about 6.1 km away. The closest business-park zone is about 2.2 km away. The nearest MRT is Paya Lebar MRT, 394 m away (about a 6-minute walk). The closest bus stop (Opp Blk 1015) is 67 m away (about a 1-minute walk).

27 businesses are currently registered at this address with ACRA.

What is Oakwell Building zoned as?

Key takeawayOakwell 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 Oakwell Building sold for?

Key takeaway2 transactions are on record since 1995, most recently in Oct 2020 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Oct 2020	Single-user Factory	S$9.50M	46,297 sqft	$205
Mar 2001	Single-user Factory	S$5.80M	46,297 sqft	$125

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

Market context around Oakwell 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 Oakwell 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.

What's been approved at Oakwell Building?

Key takeawayURA has approved 1 change of use at Oakwell Building since 2000, most recently in 2007. 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.

17 Oct 2007ApprovedFloor 1
Change of use: light industry → warehouse
Change of use of unit #01-XX from light industry to warehouse

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 Oakwell Building right now?

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

For rent (1)

Prime Location Near Paya Lebar MRT |High-Ceiling | Heavy PowerS$14k/mo · 5,832 sqft

Browse every listing at this building →

What is near Oakwell Building?

Key takeawayThe nearest MRT/LRT is Paya Lebar MRT, about 395 m away.

Getting around

Paya Lebar MRT395 m · ~6 min

Amenities nearby

Opp Blk 1015 · 67 mPhoenix Medical Group (Paya Lebar) · 266 mPaya Lebar MRT Exit C · 278 mEducational Institution · 299 mBlk 117 Aljunied Ave 2 · 382 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Oakwell Building

Key takeawayThe nearest station is Paya Lebar (EW8 / CC9), 277 m away — one of the busiest stations, with about 95,000 taps in and out on an average weekday. 10 public car parks are within 500 m.

Foot traffic: busier than 99% of industrial buildings

nearest MRT/LRT Paya Lebar (EW8/CC9) 277 m, about 95,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 6, about 21,000 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 47,000 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

Paya Lebar (EW8 / CC9)277 m · about 95,000 weekday taps
MacPherson (CC10 / DT26)577 m · about 39,000 weekday taps
Aljunied (EW9)942 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 Oakwell Building. Transfers between lines don't tap, so interchanges read low.

Bus

6 bus stops within 400 m, with about 21,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 1005-1012 Aljunied Crescent (JTC)224 m
Blk 118 Aljunied Avenue 2 (HDB)291 m
no short-term parking · 3 car lots
Blk 118 Aljunied Avenue 2 (HDB)317 m
S$0.60 per half-hour at midday on a weekday · gantry 1.8 m · 231 car lots
Eunos Rd 7 - Eunos Ave 6 Hvp (URA)376 m
Blk 114-117 Aljunied Avenue 2 (HDB)397 m
S$0.60 per half-hour at midday on a weekday · 64 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: Geylang Area, 1.2 km away, S$90/month.

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

Who's registered at Oakwell Building?

Key takeaway27 live companies (and LLPs and branches; sole proprietors are not counted) list Oakwell Building as their registered address. These are registered businesses, not who occupies the space.

Financial and insurance
9
Wholesale and retail trade
8
Professional, scientific and technical services
4
Information and communications
3
Construction
2
Administrative and support services
1
Manufacturing
0
Education
0
Arts, entertainment and recreation
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.

Frequently asked questions about Oakwell Building

Where is Oakwell Building?⌄

Oakwell Building is at 8 Aljunied Avenue 3, Singapore 389933, in the Geylang planning area.

What is Oakwell Building zoned as?⌄

Oakwell 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 Oakwell 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 Oakwell Building?⌄

Oakwell 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 Oakwell Building sold for?⌄

Across 2 recorded transactions, the median is S$165 psf. The latest was in October 2020.

What is the nearest MRT station to Oakwell Building?⌄

Paya Lebar MRT is the closest, 394 m away (about a 6-minute walk).

How many businesses are registered at Oakwell Building?⌄

27 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.

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.

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 JTC industrial completions, JTC estate boundaries, URA planning decisions, JTC car park information (data.gov.sg), 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.