Thk Industrial Building

Asset class

Industrial

Land-use zone

BUSINESS 1

Gross plot ratio

2.5

Tenure

Freehold

District / Area

District 14 · Geylang

Address

71 Lorong 23 Geylang

Land area

1,469 sqm

Completed

Not on record

Storeys

8 (© OpenStreetMap contributors)

Listed as

Light Industrial (B1), Land, Office

Transactions on record

2 (records start 1995)

Live listings

7

ACRA registrations

65

Thk Industrial Building is an industrial building in Geylang (District 14). It is located along Lorong 23 Geylang, Singapore 388386.

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 freehold. It sits on about 1,469 sqm of land with roughly 3,894 sqm of gross floor area.

2 transactions have been recorded here, at a median of S$1,222 psf. The most recent was in October 2018.

Across JTC's rental returns for Lorong 23 Geylang, the median rent for industrial space on this street works out to about S$2.04 psf per month over 105 observations. Observed medians on the street span S$1.20 to S$2.99 psf per month. These are street-level figures from undated JTC snapshots, not a rent quoted for this property.

2 industrial projects are still uncompleted on this street, adding about 3,190 sqm of gross floor area, the earliest due around 2029.

The nearest port or airport land is about 5.3 km away. The closest business-park zone is about 2.6 km away. The nearest MRT is Aljunied MRT, 225 m away (about a 4-minute walk). The closest bus stop (Opp Aljunied Stn) is 88 m away (about a 1-minute walk).

83 businesses are currently registered at this address with ACRA.

Land-use zone

BUSINESS 1

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. 21 Apr 2022Renewed
   Continued use as industrial canteen

   Continued use of part 1st storey as industrial canteen

2. 23 Sept 2019Approved
   Additions & alterations

   Proposed additions and alterations to the existing 9-storey single-user light industrial development involving 2 nos. of mezzanines at 1st storey mk24 on lot 09760w, 10607l no 71, lorong 23 geylang (geylang)

3. 14 May 2019Approved
   Change of use to warehouse/production use and part 1st storey to industrial canteen

   Proposed change of use of the existing 9-storey flatted factory building to warehouse/production use and part 1st storey to industrial canteen on lot 09760w mk24 at 71 lorong 23 geylang – thk industrial building (geylang planning area)

4. 21 Jan 2015RefusedFloor 8
   Change of use to commercial school

   Proposed change of use of production unit #08-XX to commercial school on lot 09760w mk24 at 71 lorong 23 geylang (geylang 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).

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.

Browse every listing at this building →

Straight-line distances. Source: PropKaki amenities data.

• Wholesale and retail trade
  18
• Construction
  13
• Professional, scientific and technical services
  12
• Administrative and support services
  7
• Information and communications
  5
• Accommodation and food services
  5
• Transportation and storage
  2
• Manufacturing
  1
• Other services
  1
• Arts, entertainment and recreation
  1

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$21.98 psm/mo

Observed range

S$12.92 – S$32.15

Pipeline on this street

2 projects · earliest TOP 2029

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.