Steel Industries Building

Asset class

Industrial

Land-use zone

BUSINESS 2

Gross plot ratio

2.5

Tenure

Leasehold

District / Area

District 19 · Hougang

Address

5 Tai Seng Drive

Land area

5,162 sqm

Completed

Not on record

Storeys

6 (© OpenStreetMap contributors)

Owner

CapitaLand Ascendas REIT (SGX filings)

Net lettable area

122,267 sq ft (the owner's annual report (as filed on SGX))

Estate (JTC)

Tai Seng Industrial Estate

Transactions on record

2 (records start 1995)

Live listings

None

ACRA registrations

3

Source: the owners' own filings on SGX — notices of valuation of real assets, acquisition and divestment announcements, and annual reports. Facts only, each with its date; a valuation is not a sale price, and occupancy and WALE are as of the date shown. Only REITs and SGX-listed companies file these: a building with a private owner shows no owner here.

Steel Industries Building is an industrial building in Hougang (District 19). It is located along Tai Seng Drive, Singapore 535217.

Under the URA Master Plan the site is zoned Business 2 with a gross plot ratio of 2.5. Business 2 zoning covers general industry with a nuisance buffer of 100 m, including heavier trades.

The site is leasehold, with about 23 years left to run. A tail that short materially narrows the pool of banks willing to finance a purchase. It sits on about 5,162 sqm of land with roughly 12,905 sqm of gross floor area.

2 transactions have been recorded here, at a median of S$250 psf. The most recent was in September 2004.

Across JTC's rental returns for Tai Seng Drive, the median rent for industrial space on this street works out to about S$1.50 psf per month over 38 observations. Observed medians on the street span S$0.46 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 8.0 km away. The closest business-park zone is about 420 m away. The nearest MRT is Tai Seng MRT, 606 m away (about a 10-minute walk). The closest bus stop (Aft Airport Rd) is 261 m away (about a 4-minute walk).

4 businesses are currently registered at this address with ACRA.

Land-use zone

BUSINESS 2

Gross plot ratio

2.5

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. 24 May 2005Approved
   Additions & alterations

   Proposed retention works to the existing 6th storey warehouse building on lot 4521m mk 23 plot a1706812 at no 5 tai seng drive for m/s steel industries pte ltd.

2. 16 Nov 2001Approved
   Additions & alterations

   Proposed additions & alterations to the 4th storey of the existing 6-storey single user warehouse (jtc plot a21037)

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
  2
• Transportation and storage
  1
• Manufacturing
  0
• Financial and insurance
  0
• Other services
  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$16.15 psm/mo

Observed range

S$4.91 – S$32.25

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.