Victory Centre

Asset class

Industrial

Land-use zone

BUSINESS 1

Gross plot ratio

2.5

Tenure

Leasehold

District / Area

District 14 · Geylang

Address

110 Lorong 23 Geylang

Land area

6,312 sqm

Transactions on record

1 (records start 1995)

Live listings

11

ACRA registrations

108

Victory Centre is an industrial building in Geylang (District 14). It is located along Lorong 23 Geylang, Singapore 388410.

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 46 years left to run. It sits on about 6,312 sqm of land with roughly 15,780 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$1,325 psf. The most recent was in June 2022.

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 5.5 km away. The closest business-park zone is about 2.4 km away. The nearest MRT is Aljunied MRT, 256 m away (about a 4-minute walk). The closest bus stop (Bef Blk 53) is 108 m away (about a 2-minute walk).

108 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.

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.

Live registrations

108

Registered last 3 years

30

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.

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.