Olympia Industrial Building

Asset class

Industrial

Land-use zone

BUSINESS 1

Gross plot ratio

2.0

Tenure

Leasehold

District / Area

District 14 · Geylang

Address

23 Ubi Road 4

Land area

4,573 sqm

Completed

Not on record

Storeys

7 (© OpenStreetMap contributors)

Estate (JTC)

Kampong Ubi Industrial Estate

Transactions on record

1 (records start 1995)

Live listings

None

ACRA registrations

1

Olympia Industrial Building is an industrial building in Geylang (District 14). It is located along Ubi Road 4, Singapore 408620.

Under the URA Master Plan the site is zoned Business 1 with a gross plot ratio of 2. 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 4,573 sqm of land with roughly 9,167 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$362 psf. The most recent was in November 2018.

Across JTC's rental returns for Ubi Road 4, the median rent for industrial space on this street works out to about S$1.85 psf per month over 10 observations. Observed medians on the street span S$1.59 to S$3.80 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 7.6 km away. The closest business-park zone is about 1.6 km away. The nearest MRT is Ubi MRT, 123 m away (about a 2-minute walk). The closest bus stop (Ubi Stn Exit B) is 101 m away (about a 2-minute walk).

1 business is currently registered at this address with ACRA.

Land-use zone

BUSINESS 1

Gross plot ratio

2.0

Run the full zoning report for this building →

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

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.

1. 12 Jun 2025Agency works
   Additions & alterations

   Proposed additions and alterations involving additional linkway to existing 6-storey single user factory building on lot 05077c mk 23 at 23 ubi road 4

2. 26 Jun 2024Renewed
   Continued use as showroom

   Continued use of the 1st storey production area as showroom at the existing 6-storey single-user factory

3. 5 Aug 2021Approved
   Change of use to industrial canteen

   Change of use of part 6th storey ancillary office to industrial canteen

4. 13 Mar 2020Approved
   Additions & alterations

   Proposed addition and alteration cum change of use to proposed temporary showroom use at 1st storey to an existing 6-storey single-user factory building

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).

Straight-line distances. Source: PropKaki amenities data.

• Wholesale and retail trade
  1
• Manufacturing
  0
• Construction
  0
• Information and communications
  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.

Street rent, median

S$19.89 psm/mo

Observed range

S$17.11 – S$40.95

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.