IndustrialBUSINESS 1LeaseholdDistrict 13 · Geylang

The Siemens Centre

Reviewed by Nathan TangUpdated 8 November 2026Data through Mar 2004

Quick Summary

The Siemens Centre is a industrial building in District 13 · Geylang, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 2.5. It is leasehold with roughly 50 years remaining. 1 transaction is on record since 1995, most recently in Mar 2004. 11 units are currently listed for rent. ACRA records 47 live company registrations at this address.

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

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What are the key facts about The Siemens Centre?

Key takeawayThe Siemens Centre is a industrial building in District 13 · Geylang, zoned BUSINESS 1, held leasehold.

Asset class: Industrial
Land-use zone: BUSINESS 1
Gross plot ratio: 2.5
Tenure: Leasehold
District / Area: District 13 · Geylang
Address: 60 Macpherson Road
Land area: —
Completed: Not on record
Storeys: 14 (© OpenStreetMap contributors)
Owner: CapitaLand Ascendas REIT (SGX filings)
Estate (JTC): Kolam Ayer Industrial Estate
Listed as: Light Industrial (B1)
Transactions on record: 1 (records start 1995)
Live listings: 11
ACRA registrations: 47

Who owns The Siemens Centre, and what is it valued at?

Key takeawayThe Siemens Centre is owned by CapitaLand Ascendas REIT, a REIT listed on SGX. The figures below come from its own SGX filings, each with its date. A valuation is an independent valuer's opinion for the owner's accounts, not a sale price.

Siemens Centre

Valued at S$110.9 million as at 31 Dec 2025, by Savills.

per CapitaLand Ascendas REIT's SGX filing, 5 Feb 2026

Earlier: S$110.8 million (31 Dec 2024) · S$108.7 million (31 Dec 2022)

Siemens Centre: CapitaLand Ascendas REIT's annual report (2025)

Occupancy: 89.3% (as of 31 Dec 2025)

per CapitaLand Ascendas REIT's annual report (SGX), 1 Apr 2026, page 50

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.

About The Siemens Centre

The Siemens Centre is an industrial building in Geylang (District 13). It is located along Macpherson Road, Singapore 348615.

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 50 years left to run.

1 transaction has been recorded here, at a median of S$351 psf. The most recent was in March 2004.

Across JTC's rental returns for Macpherson Road, the median rent for industrial space on this street works out to about S$1.65 psf per month over 106 observations. Observed medians on the street span S$0.75 to S$3.23 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 6.2 km away. The closest business-park zone is about 2.2 km away. The nearest MRT is Potong Pasir MRT, 477 m away (about a 7-minute walk). The closest bus stop (Kolam Ayer Ind Est) is 61 m away (about a 1-minute walk).

39 businesses are currently registered at this address with ACRA.

What is The Siemens Centre zoned as?

Key takeawayThe Siemens 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 The Siemens Centre sold for?

Key takeaway1 transaction is on record since 1995, most recently in Mar 2004 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Mar 2004	Single-user Factory	S$65.75M	187,173 sqft	$351

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 Siemens Centre rent for?

Key takeawayNo rent is published for The Siemens Centre itself. On its street, Macpherson Road, strata factory space rented at a median of $2.39 psf a month in 2026Q3. That is not this building's own rent, and never a quote for a particular unit.

Strata factory space on Macpherson Road

Street level · 2026Q3

25th pct

—

— psm

Median

$2.39

$25.76 psm

75th pct

—

— psm

S$ per sq ft per month (median only published) · median +9% on a year earlier

2023Q4 · $24.02 psm2026Q3 · $25.76 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 Siemens 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 The Siemens Centre

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 11 units for rent.

Rent: 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 Siemens Centre?

Key takeawayURA has approved 1 change of use at The Siemens Centre since 2000, most recently in 2017. 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.

16 May 2017ApprovedFloor 6
Change of use to e-business
Change of use of the 6th storey unit #06-XX to e-business (software development)

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 Macpherson 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 The Siemens Centre right now?

Key takeaway11 units are currently listed at The Siemens Centre. One row per unit; several agents often market the same unit.

For rent (11)

The Siemens CentreS$9k/mo · 3,400 sqft
The Siemens CentreS$11k/mo · 3,401 sqft
The Siemens CentreS$41k/mo · 12,704 sqft
Grade A Industrial Building MNCs Favourite suit regional HQ Hi Specs 14300sqft walking to MRTS$47k/mo · 14,400 sqft

Browse every listing at this building →

What is near The Siemens Centre?

Key takeawayThe nearest MRT/LRT is Potong Pasir MRT, about 477 m away.

Getting around

Potong Pasir MRT477 m · ~7 min

Amenities nearby

Kolam Ayer Ind Est · 61 mSATA Commhealth Medical Centre - Potong Pasir · 196 mPotong Pasir MRT Exit B · 441 mEducational Institution · 475 mBlk 69 Geylang Bahru · 671 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at The Siemens Centre

Key takeawayThe nearest station is Potong Pasir (NE10), 441 m away — a moderately busy station, with about 35,000 taps in and out on an average weekday. 19 public car parks are within 500 m; the cheapest URA season parking nearby is S$80 a month.

Foot traffic: busier than 96% of industrial buildings

nearest MRT/LRT Potong Pasir (NE10) 441 m, about 35,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 10, about 16,000 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 46,000 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.

Stations within 1 km

Potong Pasir (NE10)441 m · about 35,000 weekday taps
Geylang Bahru (DT24)661 m · about 12,000 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 The Siemens Centre. Transfers between lines don't tap, so interchanges read low.

Bus

10 bus stops within 400 m, with about 16,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Tai Thong Crescent (URA)180 m
S$0.60 per half-hour at midday on a weekday · 12 car lots
Sennett Estate (URA)232 m
season S$80/month
Siak Kew Ave (URA)262 m
S$0.60 per half-hour at midday on a weekday · 4 car lots
Siang Kuang Ave (URA)274 m
S$0.60 per half-hour at midday on a weekday · 12 car lots
Lor Bakar Batu (URA)309 m
S$0.60 per half-hour at midday on a weekday · 50 car lots

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

Who's registered at The Siemens Centre?

Key takeaway47 live companies (and LLPs and branches; sole proprietors are not counted) list The Siemens Centre as their registered address. These are registered businesses, not who occupies the space.

Information and communications
10
Wholesale and retail trade
9
Administrative and support services
6
Professional, scientific and technical services
6
Construction
6
Manufacturing
5
Financial and insurance
3
Transportation and storage
1
Other services
1
Real estate
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.

What does industrial space rent for on this street?

Key takeawayJTC's street-level record shows a median of S$17.70 psm/month — an all-time median from 2000 onwards, not a current rent.

Street rent, median: S$17.70 psm/mo
Observed range: S$8.10 – S$34.72

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 Siemens Centre

Where is The Siemens Centre?⌄

The Siemens Centre is at 60 Macpherson Road, Singapore 348615, in the Geylang planning area.

What is The Siemens Centre zoned as?⌄

The Siemens 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 The Siemens 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 The Siemens Centre?⌄

The Siemens Centre is leasehold. About 50 years remain on the lease.

What have units at The Siemens Centre sold for?⌄

Across 1 recorded transaction, the median is S$351 psf. The latest was in March 2004.

What does industrial space near The Siemens Centre rent for?⌄

JTC's rental returns for Macpherson Road put the median at about S$1.65 psf per month. That is a street-level figure from undated snapshots covering all industrial space on Macpherson Road, not a rent quoted for The Siemens Centre itself.

What is the nearest MRT station to The Siemens Centre?⌄

Potong Pasir MRT is the closest, 477 m away (about a 7-minute walk).

How many businesses are registered at The Siemens Centre?⌄

39 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.

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.

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.

Owner: the REIT or SGX-listed company whose latest valuation notice or annual report lists this building (a later divestment removes it). '(N% interest)' or '(part of the strata)' when it holds less than the whole. A building with no listed owner shows none — a private owner is never named.

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.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

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 JTC estate boundaries, URA planning decisions, the owner's SGX filings, URA car park data (URA Data Service), 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.

Owners, valuations and deals: the owners' own filings on SGX (notices of valuation of real assets, acquisition and divestment announcements, annual reports), facts only, each with its date.

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.