IndustrialBUSINESS 1FreeholdDistrict 3 · Bukit Merah

Tan Boon Liat Building

Reviewed by Nathan TangUpdated 8 November 2026Data through May 2023

Quick Summary

Tan Boon Liat Building 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 3.1. It is freehold. 30 transactions are on record since 1995, at a median S$682 psf, most recently in May 2023. 12 units are currently listed for sale or rent. ACRA records 214 live company registrations at this address.

The facts are here — now get the verdict on Tan Boon Liat Building.

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What are the key facts about Tan Boon Liat Building?

Key takeawayTan Boon Liat Building is a industrial building in District 3 · Bukit Merah, zoned BUSINESS 1, held freehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 3.1
Tenure: Freehold
District / Area: District 3 · Bukit Merah
Address: 315 Outram Road
Land area: 13,104 sqm
Completed: Not on record
Storeys: 16 (© OpenStreetMap contributors)
Strata units (MCST): 152
Managing agent: SG MANAGING AGENT PTE.LTD.
Strata formed: 1983 (MCST 0641)
Units with a recorded sale: At least 24
Transactions on record: 30 (records start 1995)
Live listings: 12
ACRA registrations: 214

About Tan Boon Liat Building

Tan Boon Liat Building is an industrial building in Bukit Merah (District 03). It is located along Outram Road, Singapore 169074.

Under the URA Master Plan the site is zoned Business 1 with a gross plot ratio of 3.1. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

The site is freehold. It sits on about 13,104 sqm of land with roughly 40,622 sqm of gross floor area.

30 transactions have been recorded here, at a median of S$682 psf. The most recent was in May 2023.

Across JTC's rental returns for Outram Road, the median rent for industrial space on this street works out to about S$2.59 psf per month over 105 observations. Observed medians on the street span S$1.19 to S$4.12 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 3.1 km away. The closest business-park zone is about 748 m away. The nearest MRT is Havelock MRT, 118 m away (about a 2-minute walk). The closest bus stop (Havelock Stn Exit 2) is 86 m away (about a 1-minute walk).

249 businesses are currently registered at this address with ACRA.

What is Tan Boon Liat Building zoned as?

Key takeawayTan Boon Liat Building sits on land zoned BUSINESS 1 with a gross plot ratio of 3.1.

Land-use zone: BUSINESS 1
Gross plot ratio: 3.1
Urban design area: Zion Road/ Havelock Road Ud Area

Run the full zoning report for this building →

What has Tan Boon Liat Building sold for?

Key takeawayAcross 30 recorded transactions since 1995, the median price is about S$1.61M, most recently in May 2023.

Date	Use	Price	Area	PSF
May 2023	Multiple-user Factory	S$3.70M	1,593 sqft	$2,323
Oct 2022	Multiple-user Factory	S$7.70M	4,446 sqft	$1,732
Jan 2022	Multiple-user Factory	S$2.65M	1,604 sqft	$1,652
Nov 2021	Multiple-user Factory	S$6.70M	4,176 sqft	$1,604
Nov 2020	Multiple-user Factory	S$2.72M	1,593 sqft	$1,707
Sept 2014	Multiple-user Factory	S$2.00M	1,604 sqft	$1,247
Dec 2012	Warehouse	S$2.50M	1,593 sqft	$1,569
Jul 2012	Multiple-user Factory	S$1.83M	1,593 sqft	$1,150
May 2012	Warehouse	S$1.56M	1,593 sqft	$979
Oct 2011	Multiple-user Factory	S$1.40M	1,604 sqft	$873

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 Tan Boon Liat Building rent for?

Key takeawayJTC publishes leases at Tan Boon Liat Building itself: strata factory space leased at a median of $3.05 psf a month in 2022Q4, with the middle half of leases between $2.93 and $3.09. 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 · 2022Q4

25th pct

$2.93

$31.57 psm

Median

$3.05

$32.88 psm

75th pct

$3.09

$33.27 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 Outram Road

Street level · 2026Q3

25th pct

—

— psm

Median

$3.45

$37.09 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median -6.6% on a year earlier

2023Q4 · $42.20 psm2026Q3 · $37.09 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 Tan Boon Liat Building

Key takeawayCollective sale: Sold by collective sale for S$950 million to Kingsford Group (21 Jul 2026), against a reserve price of S$1 billion. EdgeProp Singapore A collective sale needs the owners' consent and may still fail.Brokers' 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).

Earlier: A collective sale attempt launched Feb 2025 at a reserve price of S$1.15 billion did not go through. EdgeProp Singapore

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 Tan Boon Liat Building?

Key takeawayURA's planning decisions at Tan Boon Liat Building since 2000 are below. 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.

11 Oct 2018RefusedFloor 2
Change of use to gym/fitness centre
Proposed change of use of unit #02-XX to gym/fitness centre at tan boon liat building, 315 outram road
7 May 2008Approved
Additions & alterations
Proposed additions and alterations to the existing 15-storey flatted factory
18 Nov 2002RefusedFloor 1
Additions & alterations
Retention of additions/alterations to the unit #01-XX of existing 15-storey flatted factory
14 Jul 2000Approved
Additions & alterations
Propsoed roof & cladding over existing motor rooms of 15-stoery flatted factory with offices
19 May 2000Refused
Additions & alterations
Proposed roof & cladding over existing motor rooms of 15-sty flatted factory with offices

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).

How does Outram Road price?

Strata sales on the street (5y)

Too few strata sales on this street to support a median — the count is shown without one.

Street figures cover strata deals only — land and strata PSF are not comparable.

What is available at Tan Boon Liat Building right now?

Key takeaway12 units are currently listed at Tan Boon Liat Building — 1 for sale and 11 for rent. One row per unit; several agents often market the same unit.

For sale (1)

Tan Boon Liat BuildingS$4.77M · 1,593 sqft

For rent (11)

Tan Boon Liat BuildingS$13k/mo · 4,176 sqft
Tan Boon Liat Building4 agentsS$13k/mo · 4,446 sqft
Fully Fitted Renovated Spa Massage Open to Other TradesS$103k/mo · 11,745 sqft
Tan Boon Liat BuildingS$18k/mo · 4,400 sqft

Browse every listing at this building →

What is near Tan Boon Liat Building?

Key takeawayThe nearest MRT/LRT is Havelock MRT, about 119 m away.

Getting around

Havelock MRT119 m · ~2 min

Amenities nearby

Hotel · 67 mHavelock MRT Exit 2 · 85 mHavelock Stn Exit 2 · 86 mPlace Of Worship · 197 mEducational Institution · 307 mMedi Clinic · 344 mFassler Gourmet Pte Ltd · 346 mTiong Bahru Market · 365 mKim Seng Community Centre · 437 mGanges Ave Os · 438 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Tan Boon Liat Building

Key takeawayThe nearest station is Havelock (TE16), 84 m away — a moderately busy station, with about 16,000 taps in and out on an average weekday. 13 public car parks are within 500 m.

Foot traffic: busier than 21% of office buildings

nearest MRT/LRT Havelock (TE16) 84 m, about 16,000 taps a weekday; 3 more stations within 1 km; bus stops within 400 m: 12, about 18,000 taps a weekday; Bukit Merah: 103,575 resident workers (Census 2020, by workplace); about 49,000 residents within 1 km (June 2026). Ranked against 485 office 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

Havelock (TE16)84 m · about 16,000 weekday taps
Great World (TE15)614 m · about 21,000 weekday taps
Tiong Bahru (EW17)734 m · about 52,000 weekday taps
Outram Park (EW16 / NE3 / TE17)738 m · about 78,000 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 Tan Boon Liat Building. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

Blk 2B Boon Tiong Road (HDB)113 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 284 car lots
Blk 96 Havelock Road Mscp (HDB)202 m
S$0.60 per half-hour at midday on a weekday · gantry 1.9 m · 220 car lots
Outram Rd (URA)247 m
S$0.60 per half-hour at midday on a weekday · 27 car lots
Blks 4-8 Taman Ho Swee (HDB)342 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 82 car lots
Outram Hill (URA)353 m
S$0.60 per half-hour at midday on a weekday · 11 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Ganges Ave Off St, 526 m away, S$90/month.

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

Who's registered at Tan Boon Liat Building?

Key takeaway214 live companies (and LLPs and branches; sole proprietors are not counted) list Tan Boon Liat Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
85
Financial and insurance
37
Professional, scientific and technical services
27
Transportation and storage
13
Accommodation and food services
12
Construction
11
Administrative and support services
9
Real estate
7
Manufacturing
6
Information and communications
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. Most registrations here are dead: this is a registered-office address (corporate secretaries), so the count says nothing about how busy the building is. 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$27.84 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$27.84 psm/mo
Observed range: S$12.80 – S$44.34

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 Tan Boon Liat Building

Where is Tan Boon Liat Building?⌄

Tan Boon Liat Building is at 315 Outram Road, Singapore 169074, in the Bukit Merah planning area.

What is Tan Boon Liat Building zoned as?⌄

Tan Boon Liat Building is zoned Business 1 under the URA Master Plan, with a gross plot ratio of 3.1. Business 1 zoning covers clean and light industry with a nuisance buffer of 50 m.

What kind of business can operate at Tan Boon Liat 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 Tan Boon Liat Building?⌄

Tan Boon Liat Building is freehold.

What have units at Tan Boon Liat Building sold for?⌄

Across 30 recorded transactions, the median is S$682 psf. The latest was in May 2023.

What does industrial space near Tan Boon Liat Building rent for?⌄

JTC's rental returns for Outram Road put the median at about S$2.59 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Outram Road, not a rent quoted for Tan Boon Liat Building itself.

What is the nearest MRT station to Tan Boon Liat Building?⌄

Havelock MRT is the closest, 118 m away (about a 2-minute walk).

How many businesses are registered at Tan Boon Liat Building?⌄

249 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.

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.

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), 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.

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.