IndustrialBUSINESS 2LeaseholdDistrict 14 · Geylang

Octopus Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 2019

Quick Summary

Octopus 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 2.0. It is leasehold with roughly 1 years remaining. 3 transactions are on record since 1995, most recently in Nov 2019. ACRA records 16 live company registrations at this address.

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

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What are the key facts about Octopus Building?

Key takeawayOctopus 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: 2.0
Tenure: Leasehold
District / Area: District 14 · Geylang
Address: 361 Ubi Road 3
Land area: 4,564 sqm
Completed: Not on record
Storeys: 5 (© OpenStreetMap contributors)
Estate (JTC): Kampong Ubi Industrial Estate
Transactions on record: 3 (records start 1995)
Live listings: None
ACRA registrations: 16

About Octopus Building

Octopus Building is an industrial building in Geylang (District 14). It is located along Ubi Road 3, Singapore 408664.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 1 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 4,564 sqm of land with roughly 9,128 sqm of gross floor area.

3 transactions have been recorded here, at a median of S$377 psf. The most recent was in November 2019.

Across JTC's rental returns for Ubi Road 3, the median rent for industrial space on this street works out to about S$1.11 psf per month over 5 observations. Observed medians on the street span S$1.04 to S$1.75 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 7.8 km away. The closest business-park zone is about 1.0 km away. The nearest MRT is Ubi MRT, 551 m away (about a 9-minute walk). The closest bus stop (Cycle & Carriage) is 187 m away (about a 3-minute walk).

16 businesses are currently registered at this address with ACRA.

What is Octopus Building zoned as?

Key takeawayOctopus Building sits on land zoned BUSINESS 2 with a gross plot ratio of 2.0.

Land-use zone: BUSINESS 2
Gross plot ratio: 2.0

Run the full zoning report for this building →

What has Octopus Building sold for?

Key takeaway3 transactions are on record since 1995, most recently in Nov 2019 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Nov 2019	Single-user Factory	S$30.50M	49,124 sqft	$621
Jan 2013	Single-user Factory	S$18.50M	49,124 sqft	$377
Apr 2007	Single-user Factory	S$18.00M	49,124 sqft	$366

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 Octopus 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.

What's been approved at Octopus Building?

Key takeawayURA has approved 3 changes of use at Octopus Building since 2000, most recently in 2023. 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.

2 Jun 2026Renewed
Continued use as ancillary retail for the warehouse building
Continued use of part 1st storey warehouse as ancillary retail for the warehouse building
13 Aug 2024RenewedFloor 1
Continued use as industrial canteen
Continued use of unit #01-XX as industrial canteen
16 Mar 2023Approved
Change of use to ancillary retail for the warehouse building
Change of use of part 1st storey warehouse to ancillary retail for the warehouse building
25 May 2021ApprovedFloor 1
Change of use to industrial canteen
Change of use of the 1st storey unit #01-XX to industrial canteen
11 Nov 2013Approved
Additions & alterations
Proposed additions and alterations and change of use to existing 5 storey industrial building from approved secondary dormitory to warehouse (single user) mk23 on lot 05226w at 361 ubi road 3 (geylang) singapore 408664
24 May 2012Renewed
Continued use as secondary dormitory for 409 workers of the 5-storey training areas
Proposed addition/alteration & change of use of part of the approved training area to secondary dormitory for 409 workers of the 5-storey training areas (industrial, professional, vocational and skill training with ancillary tv room)
9 Dec 2008Approved
Additions & alterations
Proposed addition / alteration & change of use of part of the approved training area to secondary dormitory of the 5-storey training areas (industrial, professional, vocational and skill training with ancillary gym room)
10 Jun 2004Approved
Change of use to training area
Cu of the single-user light industrial factory to training area (industrial professional, vocational and skill training) with ancillary canteen/workers' dormitory/gym room

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 near Octopus Building?

Key takeawayThe nearest MRT/LRT is Ubi MRT, about 551 m away.

Getting around

Ubi MRT551 m · ~9 min

Amenities nearby

Cycle & Carriage · 187 mUbi MRT Exit B · 535 mSingMedical Clinic Ubi · 665 mEducational Institution · 737 mBusiness Park · 1.0 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Octopus Building

Key takeawayThe nearest station is Ubi (DT27), 535 m away — a moderately busy station, with about 22,000 taps in and out on an average weekday. 9 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 91% of industrial buildings

nearest MRT/LRT Ubi (DT27) 535 m, about 22,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 9, about 11,000 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 24,000 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

Ubi (DT27)535 m · about 22,000 weekday taps
Tai Seng (CC11)942 m · about 45,000 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 Octopus Building. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

Ubi Ave 4 (URA)118 m
S$0.60 per half-hour at midday on a weekday · 10 car lots
Ubi Avenue 4 (JTC)178 m
Ubi Rd 2 (URA)221 m
S$0.60 per half-hour at midday on a weekday · 35 car lots
Ubi View (URA)247 m
S$0.60 per half-hour at midday on a weekday · 18 car lots
Ubi Rd 3 (URA)252 m
S$0.60 per half-hour at midday on a weekday · 16 car lots

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

Who's registered at Octopus Building?

Key takeaway16 live companies (and LLPs and branches; sole proprietors are not counted) list Octopus Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
7
Financial and insurance
4
Accommodation and food services
2
Manufacturing
1
Administrative and support services
1
Professional, scientific and technical services
1
Construction
0
Other services
0
Electricity, gas and air-conditioning supply
0
Information and communications
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$11.96 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$11.96 psm/mo
Observed range: S$11.17 – S$18.84

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 Octopus Building

Where is Octopus Building?⌄

Octopus Building is at 361 Ubi Road 3, Singapore 408664, in the Geylang planning area.

What is Octopus Building zoned as?⌄

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

What kind of business can operate at Octopus 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 Octopus Building?⌄

Octopus Building is leasehold. About 1 years remain on the lease. Financing gets harder below roughly 30 years, so factor that into any purchase.

What have units at Octopus Building sold for?⌄

Across 3 recorded transactions, the median is S$377 psf. The latest was in November 2019.

What does industrial space near Octopus Building rent for?⌄

JTC's rental returns for Ubi Road 3 put the median at about S$1.11 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Ubi Road 3, not a rent quoted for Octopus Building itself.

What is the nearest MRT station to Octopus Building?⌄

Ubi MRT is the closest, 551 m away (about a 9-minute walk).

How many businesses are registered at Octopus Building?⌄

16 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.

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.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

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 JTC estate boundaries, 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.