IndustrialBUSINESS 1LeaseholdDistrict 23 · Bukit Batok

The Elitist

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 2026

Quick Summary

The Elitist is a industrial building in District 23 · Bukit Batok, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 31 years remaining. 136 transactions are on record since 1995, at a median S$478 psf, most recently in Aug 2026. 11 units are currently listed for sale or rent. ACRA records 266 live company registrations at this address.

The facts are here — now get the verdict on The Elitist.

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What are the key facts about The Elitist?

Key takeawayThe Elitist is a industrial building in District 23 · Bukit Batok, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 23 · Bukit Batok
Address: 25 Bukit Batok Crescent
Land area: 4,858 sqm
Completed: 2013 (per CommercialGuru)
Storeys: 10 (© OpenStreetMap contributors)
Developer: Sin Song Lee Development Ltd (per CommercialGuru)
Strata units (MCST): 111
Managing agent: OCEAN IFM PTE. LTD.
Strata formed: 2014 (MCST 4040)
Units with a recorded sale: At least 96
Listed as: Light Industrial (B1), Office, Factory / Workshop (B2)
Transactions on record: 136 (records start 1995)
Live listings: 11
ACRA registrations: 266

About The Elitist

The Elitist is an industrial building in Bukit Batok (District 23). It is located along Bukit Batok Crescent, Singapore 658066.

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 31 years left to run. It sits on about 4,858 sqm of land with roughly 12,145 sqm of gross floor area.

136 transactions have been recorded here, at a median of S$478 psf. The most recent was in August 2026.

Across JTC's rental returns for Bukit Batok Crescent, the median rent for industrial space on this street works out to about S$1.91 psf per month over 95 observations. Observed medians on the street span S$0.99 to S$2.67 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 4.8 km away. The closest business-park zone is about 1.4 km away. The closest bus stop (Opp Burgundy Hill) is 185 m away (about a 3-minute walk).

293 businesses are currently registered at this address with ACRA.

What is The Elitist zoned as?

Key takeawayThe Elitist 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 The Elitist sold for?

Key takeawayAcross 136 recorded transactions since 1995, the median price is about S$468k, most recently in Aug 2026.

Date	Use	Price	Area	PSF
Aug 2026	Multiple-user Factory	S$510k	893 sqft	$571
Jun 2026	Multiple-user Factory	S$508k	893 sqft	$569
Jan 2026	Multiple-user Factory	S$500k	893 sqft	$560
Jan 2026	Multiple-user Factory	S$530k	883 sqft	$600
Nov 2025	Multiple-user Factory	S$560k	1,087 sqft	$515
Oct 2025	Multiple-user Factory	S$505k	915 sqft	$552
Jun 2025	Multiple-user Factory	S$500k	904 sqft	$553
Apr 2025	Multiple-user Factory	S$500k	893 sqft	$560
Dec 2024	Multiple-user Factory	S$1.38M	3,079 sqft	$447
Aug 2024	Multiple-user Factory	S$508k	893 sqft	$569

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 The Elitist rent for?

Key takeawayJTC publishes leases at The Elitist itself: strata factory space leased at a median of $3.39 psf a month in 2026Q3, with the middle half of leases between $3.36 and $3.69. 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 · 2026Q3

25th pct

$3.36

$36.15 psm

Median

$3.39

$36.47 psm

75th pct

$3.69

$39.76 psm

S$ per sq ft per month · median +13.9% on a year earlier

2023Q4 · $30.00 psm2026Q3 · $36.47 psm median

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 Bukit Batok Crescent

Street level · 2026Q3

25th pct

—

— psm

Median

$2.62

$28.18 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +3.6% on a year earlier

2023Q4 · $27.61 psm2026Q3 · $28.18 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 The Elitist

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 The Elitist

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 7 units for rent; 4 units for sale.

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.

Sale: between 6 Aug 2026 and 28 Aug 2026, 2 new listings appeared and 3 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.

What's been approved at The Elitist?

Key takeawayURA has approved 3 changes of use at The Elitist since 2000, most recently in 2026, and refused 2. 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.

29 Apr 2026ApprovedFloor 1
Change of use to industrial canteen
Proposed change of use of unit #01-XX to industrial canteen
22 Dec 2025RefusedFloor 1
Change of use to bar/ pub
Proposed change of use of #01-XX to bar/ pub
22 Jun 2021ApprovedFloor 1
Change of use to canteen
Proposed change of use of unit #01-XX to canteen
8 Jun 2021ApprovedFloor 1
Change of use to canteen
Proposed change of use of unit #01-XX to canteen
26 Jul 2018RefusedFloor 1
Change of use to ktv lounge
Change of use of unit #01-XX to ktv lounge on lot 08751p mk05 at 25 bukit batok crescent - the elitist (bukit batok planning area)

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 Bukit Batok Crescent price?

Key takeawayBukit Batok Crescent's current JTC street rent is S$28.18 psm/month (2026Q3), which against the street's strata sale median works out to an indicative gross yield of 7.4% (6.7% net of property tax).

Strata sales on the street (5y)

384

Street median PSF (strata)

$406

Indicative street yield

7.4% gross

6.7% 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 The Elitist right now?

Key takeaway11 units are currently listed at The Elitist — 4 for sale and 7 for rent. One row per unit; several agents often market the same unit.

For sale (4)

The Elitist3 agentsS$600k · 1,033 sqft
The Elitist2 agentsS$580k · 893 sqft
The Elitist2 agentsS$1.23M · 2,120 sqft
The ElitistS$680k · 893 sqft

For rent (7)

The ElitistS$3k/mo · 100 sqft
The Elitist2 agentsS$3k/mo · 915 sqft
The Elitist2 agentsS$3k/mo · 893 sqft
The Elitist2 agentsS$450/mo · 140 sqft

Browse every listing at this building →

What is near The Elitist?

Amenities nearby

Opp Burgundy Hill · 185 mHisemainn Medical Clinic (Bukit Batok) · 710 mEducational Institution · 792 mBusiness Park · 1.4 kmJurong Community Hospital · 1.5 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at The Elitist

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Bukit Batok, 1.6 km away. No public car park we hold is within 500 m; the nearest is Blk 290H Bukit Batok Street 24 (HDB), 619 m away; the nearest URA season parking is Hillview Terrace, 1.7 km away (S$90/month).

Foot traffic: busier than 56% of industrial buildings

no MRT/LRT within 1 km (nearest Bukit Batok, 1.6 km); bus stops within 400 m: 6, about 10,000 taps a weekday; Bukit Batok: 33,792 resident workers (Census 2020, by workplace); about 18,000 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

6 bus stops within 400 m, with about 10,000 boardings and alightings on an average weekday.

Who's registered at The Elitist?

Key takeaway266 live companies (and LLPs and branches; sole proprietors are not counted) list The Elitist as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
58
Professional, scientific and technical services
54
Financial and insurance
33
Health and social services
31
Construction
30
Information and communications
21
Manufacturing
13
Transportation and storage
9
Administrative and support services
5
Accommodation and food services
5

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$20.56 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$20.56 psm/mo
Observed range: S$10.69 – S$28.73

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 The Elitist

Where is The Elitist?⌄

The Elitist is at 25 Bukit Batok Crescent, Singapore 658066, in the Bukit Batok planning area.

What is The Elitist zoned as?⌄

The Elitist 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 The Elitist?⌄

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 The Elitist?⌄

The Elitist is leasehold. About 31 years remain on the lease.

What have units at The Elitist sold for?⌄

Across 136 recorded transactions, the median is S$478 psf. The latest was in August 2026.

What does industrial space near The Elitist rent for?⌄

JTC's rental returns for Bukit Batok Crescent put the median at about S$1.91 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Bukit Batok Crescent, not a rent quoted for The Elitist itself.

How many businesses are registered at The Elitist?⌄

293 businesses are currently registered at this address with ACRA. That counts registered addresses, not physical occupiers.

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Read the figures right

Completion year: as CommercialGuru states it, not checked against an official record. Sales records start in 1995, which says nothing about when a building was built.

Developer: as CommercialGuru names it, not checked against an official record.

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.

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.

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 CommercialGuru, BCA's MCST register, URA planning decisions, 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.