IndustrialBUSINESS 1LeaseholdDistrict 3 · Bukit Merah

Petro Centre

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2025

Quick Summary

Petro Centre is a industrial building in District 3 · Bukit Merah, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 34 years remaining. 42 transactions are on record since 1995, at a median S$339 psf, most recently in Oct 2025. 9 units are currently listed for rent. ACRA records 64 live company registrations at this address.

The facts are here — now get the verdict on Petro Centre.

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What are the key facts about Petro Centre?

Key takeawayPetro Centre is a industrial building in District 3 · Bukit Merah, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 3 · Bukit Merah
Address: 5 Jalan Kilang Barat
Land area: 2,471 sqm
Completed: Not on record
Storeys: 8 (© OpenStreetMap contributors)
Strata units (MCST): 40
Managing agent: STATURE REAL ESTATE ENTERPRISES PTE LTD
Strata formed: 2003 (MCST 2811)
Units with a recorded sale: At least 27
Listed as: Light Industrial (B1), Office
Transactions on record: 42 (records start 1995)
Live listings: 9
ACRA registrations: 64

About Petro Centre

Petro Centre is an industrial building in Bukit Merah (District 03). It is located along Jalan Kilang Barat, Singapore 159349.

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 34 years left to run. It sits on about 2,471 sqm of land with roughly 6,176 sqm of gross floor area.

42 transactions have been recorded here, at a median of S$338 psf. The most recent was in October 2025.

Across JTC's rental returns for Jalan Kilang Barat, the median rent for industrial space on this street works out to about S$2.77 psf per month over 87 observations. Observed medians on the street span S$1.38 to S$3.40 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 2.0 km away. The closest business-park zone is about 1.3 km away. The closest bus stop (Opp Blk 28) is 180 m away (about a 3-minute walk).

73 businesses are currently registered at this address with ACRA.

What is Petro Centre zoned as?

Key takeawayPetro Centre 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 Petro Centre sold for?

Key takeawayAcross 42 recorded transactions since 1995, the median price is about S$586k, most recently in Oct 2025.

Date	Use	Price	Area	PSF
Oct 2025	Multiple-user Factory	S$960k	1,744 sqft	$551
Nov 2022	Multiple-user Factory	S$928k	1,755 sqft	$529
Sept 2022	Multiple-user Factory	S$950k	1,830 sqft	$519
Mar 2021	Multiple-user Factory	S$1.38M	2,896 sqft	$477
Dec 2019	Multiple-user Factory	S$2.30M	5,974 sqft	$385
Jan 2015	Multiple-user Factory	S$2.38M	5,974 sqft	$398
Mar 2014	Multiple-user Factory	S$715k	1,152 sqft	$621
Nov 2012	Multiple-user Factory	S$675k	1,109 sqft	$609
Mar 2012	Multiple-user Factory	S$603k	1,152 sqft	$524
Jul 2010	Multiple-user Factory	S$810k	1,830 sqft	$443

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 Petro Centre rent for?

Key takeawayJTC publishes leases at Petro Centre itself: strata factory space leased at a median of $2.26 psf a month in 2021Q3, with the middle half of leases between $2.18 and $2.72. 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 · 2021Q3

25th pct

$2.18

$23.50 psm

Median

$2.26

$24.28 psm

75th pct

$2.72

$29.26 psm

S$ per sq ft per month

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 Jalan Kilang Barat

Street level · 2026Q3

25th pct

—

— psm

Median

$2.87

$30.84 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +2.4% on a year earlier

2023Q3 · $30.14 psm2026Q3 · $30.84 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 Petro Centre

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 Petro Centre

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 9 units for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 1 new listing 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.

How does Jalan Kilang Barat price?

Key takeawayJalan Kilang Barat's current JTC street rent is S$30.84 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 4.9% (4.4% net of property tax).

Strata sales on the street (5y)

Street median PSF (strata)

$698

Indicative street yield

4.9% gross

4.4% 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 Petro Centre right now?

Key takeaway9 units are currently listed at Petro Centre. One row per unit; several agents often market the same unit.

For rent (9)

City-Fringe Light Industrial Business SpaceS$11k/mo · 2,960 sqft
Petro Centre2 agentsS$18k/mo · 4,768 sqft
Petro CentreS$7k/mo · 1,744 sqft
Petro Centre2 agentsS$18k/mo · 4,800 sqft

Browse every listing at this building →

What is near Petro Centre?

Amenities nearby

Educational Institution · 133 mOpp Blk 28 · 181 mFriendship Clinic & Surgery · 223 mABC Brickworks Market & Food Centre · 264 mAlexandra Hospital · 932 mBusiness Park · 1.3 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Petro Centre

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Redhill, 1.1 km away. 14 public car parks are within 500 m.

Foot traffic: busier than 73% of industrial buildings

no MRT/LRT within 1 km (nearest Redhill, 1.1 km); bus stops within 400 m: 8, about 18,000 taps a weekday; Bukit Merah: 103,575 resident workers (Census 2020, by workplace); about 40,000 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.

Bus

8 bus stops within 400 m, with about 18,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 28 Jalan Bukit Merah (HDB)228 m
S$0.60 per half-hour at midday on a weekday · 60 car lots
Blk 1001/1010 Bukit Merah Lane 1/3 (JTC)300 m
Blk 28 Hoy Fatt Road (HDB)303 m
S$0.60 per half-hour at midday on a weekday · gantry 2.1 m · 53 car lots
Blk 113/114 Depot Road (HDB)329 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 43 car lots
Blk 1/3/5 Jalan Bukit Merah (HDB)329 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 460 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: Pasir Panjang Road Are A, 1.7 km away, S$90/month.

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

Who's registered at Petro Centre?

Key takeaway64 live companies (and LLPs and branches; sole proprietors are not counted) list Petro Centre as their registered address. These are registered businesses, not who occupies the space.

Professional, scientific and technical services
12
Wholesale and retail trade
10
Financial and insurance
8
Real estate
6
Administrative and support services
5
Information and communications
5
Manufacturing
4
Transportation and storage
4
Education
4
Health and social services
3

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$29.87 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$29.87 psm/mo
Observed range: S$14.89 – S$36.59

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 Petro Centre

Where is Petro Centre?⌄

Petro Centre is at 5 Jalan Kilang Barat, Singapore 159349, in the Bukit Merah planning area.

What is Petro Centre zoned as?⌄

Petro Centre 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 Petro Centre?⌄

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 Petro Centre?⌄

Petro Centre is leasehold. About 34 years remain on the lease.

What have units at Petro Centre sold for?⌄

Across 42 recorded transactions, the median is S$338 psf. The latest was in October 2025.

What does industrial space near Petro Centre rent for?⌄

JTC's rental returns for Jalan Kilang Barat put the median at about S$2.77 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Jalan Kilang Barat, not a rent quoted for Petro Centre itself.

How many businesses are registered at Petro Centre?⌄

73 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.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

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, HDB car park information (data.gov.sg), 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.