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Oxley Bizhub 2 Review

Oxley Bizhub 2 Review
Industrial & Commercial Property Review — District 14

Oxley Bizhub 2

A condo-style B1 light industrial address on Ubi Road, built for owner-occupiers and yield-seeking investors alike.

SGCPI Research Desk Updated 25 August 2026 62 Ubi Road 1, Singapore 408734 60-YR LEASEHOLD FROM 2011

Street-level view of Oxley Bizhub 2, 62 Ubi Road 1, Singapore 408734. Imagery: Google Street View (user-contributed imagery), accessed August 2026.

Project Overview

Building NameOxley Bizhub 2
Address62 Ubi Road 1, Singapore 408734
DistrictDistrict 14 (Geylang / Ubi)
Tenure60-year leasehold from 10 June 2011
Zoning / UseB1 Light Industrial
Built Form11-storey building — 3-storey podium + 8-storey tower, 271 units
Land Area / GFA≈12,378 sqm land / ≈30,945 sqm GFA (≈333,100 sq ft)
Completion Year2013
Nearest MRTTai Seng (CC11), MacPherson (CC10 / DT26)
Key Road AccessPan-Island Expressway (PIE) & Kallang-Paya Lebar Expressway (KPE) via Airport Road / Ubi Avenue
Transacted PSF Range≈S$468 – S$782 psf
Sale Price Range≈S$749,999 – S$3,200,000
Asking Rent Range≈S$2,100 – S$7,600 per month
Occupier BaseLight manufacturing, warehousing/logistics, trading, IT and design firms; condo-style pool, gym & canteen on the 11th storey

Location & Connectivity

Oxley Bizhub 2 sits along Ubi Road 1 in the established Geylang/Ubi industrial belt, within District 14. The estate is one of Singapore’s longest-running light industrial clusters, sitting between the Kallang and Paya Lebar planning areas, and has steadily gentrified over the past decade as older factory blocks have been replaced by newer B1 developments with lift lobbies, retail-style frontages and shared amenity decks.

The development is within comfortable walking distance of Tai Seng MRT (CC11) on the Circle Line, with MacPherson MRT (CC10/DT26) — an interchange between the Circle and Downtown Lines — a short bus or drive away. Road access is a genuine strength: the building sits close to on-ramps for the Pan-Island Expressway (PIE) and Kallang-Paya Lebar Expressway (KPE), giving occupiers fast reach to Changi Airport, the Central Business District and the wider island via Airport Road and Paya Lebar Road.

Surrounding amenities have matured alongside the estate. Grantral Mall @ Macpherson, 18 Tai Seng and The Commerze @ Irving provide F&B, retail and banking options within a short drive, while Sheng Siong and NTUC FairPrice outlets serve everyday needs for staff working on-site. The area continues to see residential redevelopment nearby, which has gradually improved footfall and daytime amenity provision around the estate.

Location of Oxley Bizhub 2. Map data: Google Maps, accessed August 2026.

Building & Facilities

The development comprises an 11-storey building made up of a 3-storey podium and an 8-storey tower block, housing 271 strata-titled units. The façade uses extensive blue-tinted glazing, giving the building a more corporate, “business park” appearance than the typical raw industrial shed, and floor-to-floor heights are designed to suit light manufacturing, warehousing, showroom and office-style fit-outs within the same building.

What differentiates Oxley Bizhub 2 from many peer B1 developments is its 11th-storey recreational deck, which includes a swimming pool, gymnasium and canteen — condo-style facilities that are unusual for an industrial building and have been a consistent draw for tenants wanting a more liveable working environment for staff. Units are generally handed over in bare or lightly fitted condition, and buyers should budget for cabling, partitioning, air-conditioning and reinforced flooring depending on intended use.

As with any strata industrial asset, prospective buyers and tenants should conduct due diligence on permitted use under the B1 zoning, verify any existing addition-and-alteration works with the Management Corporation Strata Title (MCST) and check fire safety and loading/unloading compliance before committing to a fit-out plan.

Unit Types & Floor Plan Notes

Oxley Bizhub 2’s 271 units span a wide size range, from compact starter units suited to small trading or IT outfits through to larger combined-lot factory and warehouse spaces for logistics-heavy operations. Ceiling heights and floor loading vary by level, with lower podium floors generally favoured for warehouse and loading-intensive uses and upper tower floors favoured for office-style and showroom fit-outs.

Compact Factory

≈1,000 – 1,300 sq ft

Entry-level strata units popular with small trading, IT and design firms; suited to office-style fit-outs with light storage.

Mid-Tier Warehouse

≈1,700 – 2,000 sq ft

Balanced floor plates for combined office-and-storage operations, with reasonable loading access via the shared goods lifts.

Combined Lot

≈2,400 – 2,800 sq ft

Adjoining units combined for logistics or manufacturing tenants needing larger continuous floor area on a single level.

High-Floor Corner

≈1,900 – 2,400 sq ft

Upper-tower corner units with better natural light and ventilation, typically commanding a premium for office-style use.

Floor-to-Floor Height: ≈4.5m typical, varies by level
Floor Loading: ≈7.5 – 10 kN/sqm, higher on lower podium floors
Lifts: Passenger and dedicated cargo/goods lifts serving all floors
Loading Bays: Ground-floor loading/unloading bays with lorry access
Handover Condition: Bare shell/lightly fitted; buyers to budget for fit-out

Investment Case

Oxley Bizhub 2 occupies a well-established industrial pocket with genuine expressway and MRT access, and its blend of factory, warehouse and office-style stock gives it broader occupier appeal than a single-use shed. The following weighs the building’s key strengths against the factors buyers should assess carefully before committing.

What Works

  • Dual MRT access via Tai Seng and MacPherson stations
  • Fast PIE and KPE connectivity to the airport and CBD
  • Rare condo-style pool, gym and canteen facilities for a B1 building
  • Mixed unit sizes attract a broad tenant base across trades
  • Established, actively transacted estate with a track record of resale activity

What to Weigh Carefully

  • 60-year lease from 2011 means roughly 45 years remain, affecting financing tenure
  • B1 zoning restricts use to permitted light industrial activities only
  • Building is now over a decade old, with rising maintenance and sinking fund needs
  • Estate faces competition from newer B1 developments nearby
  • Lift and loading congestion has been raised in past tenant feedback

Who This Suits

Oxley Bizhub 2 tends to suit owner-occupiers running small to mid-sized manufacturing, trading, logistics, IT or design businesses that need genuine warehouse or factory functionality but also want a more comfortable working environment for staff than a bare-bones industrial shed provides. It also appeals to yield-focused investors comfortable with the lease-decay profile of a 2011-dated 60-year leasehold asset, who are drawn by the relatively accessible entry price points compared with newer B1 stock in the vicinity. Buyers planning purely office-style use should first confirm permitted activities under the B1 zoning with the relevant authorities, as strata industrial space carries usage restrictions that differ materially from commercial or B2 zoning.

Frequently Asked Questions

What is Oxley Bizhub 2 zoned for, and what activities are permitted?
Oxley Bizhub 2 is zoned B1 Light Industrial under Singapore’s Master Plan, which permits activities such as light manufacturing, assembly, warehousing, workshops and ancillary office use directly supporting an industrial operation. It does not permit pure office use, retail, or business activities unrelated to an industrial function unless specific approval is obtained. Buyers and tenants intending non-standard uses, such as fitness studios, showrooms with heavy retail footfall, or food-related operations, should verify permissibility with the Urban Redevelopment Authority (URA) before committing. Historically, uses such as central kitchens have been flagged as unsuitable for this specific building. Getting written confirmation on intended use before purchase or lease signing avoids costly compliance issues down the line.
Can foreigners buy a unit at Oxley Bizhub 2?
Yes. Unlike residential property, Singapore does not restrict foreign individuals or foreign-owned companies from purchasing B1 industrial strata units such as those at Oxley Bizhub 2. There is no equivalent of the residential Additional Buyer’s Stamp Duty (ABSD) surcharge applied specifically to foreign buyers of industrial property. Foreign buyers should, however, factor in financing constraints, as Singapore banks often apply lower loan-to-value ratios and shorter tenures to foreign borrowers purchasing industrial assets. Engaging a local conveyancing lawyer and, where relevant, a corporate structure familiar with Singapore compliance requirements is recommended to ensure a smooth transaction and proper handling of any GST or stamp duty obligations.
Does Additional Buyer’s Stamp Duty (ABSD) apply to industrial property?
No. ABSD in Singapore applies specifically to residential property purchases and does not extend to industrial or B1 strata units such as those at Oxley Bizhub 2. Buyers of industrial property, whether individuals, companies or foreign entities, are generally only liable for standard Buyer’s Stamp Duty (BSD) calculated on the higher of purchase price or market value. This makes industrial property comparatively more accessible for multiple acquisitions or portfolio building without the escalating ABSD rates seen in the residential market. That said, buyers should still confirm current duty rates with IRAS or a conveyancing lawyer at the point of purchase, as rates and thresholds can be revised.
How is Buyer’s Stamp Duty (BSD) calculated for a purchase at Oxley Bizhub 2?
Buyer’s Stamp Duty is computed on a tiered percentage basis applied to the higher of the purchase price or the property’s market value, consistent with the treatment of other non-residential property in Singapore. For a typical unit priced in the S$750,000 to S$3,200,000 range seen at Oxley Bizhub 2, buyers should budget several tens of thousands of dollars for BSD depending on the final transacted price. Because rates are tiered and can be revised in the Budget, buyers should always request an updated calculation from their conveyancing lawyer or IRAS at the time of the Option to Purchase, rather than relying on historical figures.
Does Seller’s Stamp Duty (SSD) apply if I resell my unit early?
Seller’s Stamp Duty may apply to industrial property, including units at Oxley Bizhub 2, if the unit is sold within the holding period stipulated by IRAS from the date of purchase, with the rate typically reducing the longer the property is held. This is a separate regime from residential SSD and has its own rate schedule and holding period. Investors planning a short-term flip should model SSD into their exit costs, as it can materially affect returns if a sale occurs within the qualifying window. As with BSD, current SSD rates and holding periods should be confirmed with IRAS or a property lawyer before transacting, since policy settings are periodically reviewed.
Is GST payable on the purchase of a unit at Oxley Bizhub 2?
Goods and Services Tax (GST) is generally chargeable on the sale of non-residential property, including B1 industrial units, when the seller is a GST-registered entity, such as a developer or a company that has opted to register for GST. Purchases from individual, non-GST-registered owners in the resale market typically do not attract GST on the transaction. Buyers financing a purchase should clarify with the seller and their lawyer whether GST applies, as it affects the total funding required and, in some cases, the loan quantum a bank is willing to extend, since GST is usually payable in cash upfront rather than financed.
How does the remaining lease affect financing for Oxley Bizhub 2?
Oxley Bizhub 2 is on a 60-year lease from 2011, leaving roughly 45 years remaining as at 2026. Singapore banks typically cap industrial property loan tenures so that the loan is fully repaid before the lease expires, and loan-to-value ratios can be reduced as the remaining lease shortens, particularly once it approaches the 30-year mark. Buyers should discuss financing tenure and quantum with multiple banks early, as terms vary by lender and by the buyer’s profile, including whether the purchaser is an individual or a corporate entity. Older leasehold industrial stock generally commands shorter maximum loan tenures than newer developments with longer remaining leases.
What rental yield can an investor expect from a unit at Oxley Bizhub 2?
Based on recent transacted sale prices and asking rents in the S$2,100 to S$7,600 per month range, gross rental yields at Oxley Bizhub 2 have broadly tracked the 4% to 4.5% range typical of established B1 industrial estates in the Ubi/Geylang corridor, according to recent market data. Actual yield varies significantly by unit size, floor level and fit-out condition, with smaller, well-located units on higher floors generally achieving stronger psf rents. Investors should stress-test yield assumptions against vacancy periods, MCST maintenance fees and eventual capital expenditure, rather than relying solely on a point-in-time asking rent, to arrive at a realistic net return figure.
How does the building’s age affect maintenance and buyer decisions?
Completed in 2013, Oxley Bizhub 2 is now over a decade old, meaning building services such as lifts, fire systems, air-conditioning in common areas and the 11th-storey recreational facilities are entering a phase where more significant repair and replacement cycles become likely. Buyers should review the MCST’s sinking fund balance, recent maintenance fee trends and any planned major works before purchasing, as under-funded sinking funds can lead to special levies. It is also prudent to request minutes from recent Annual General Meetings to understand any disputes, planned upgrades, or recurring issues such as those previously raised around lift and waste management scheduling.
What are the odds of Oxley Bizhub 2 being redeveloped or sold en bloc?
En-bloc potential for strata industrial developments in Singapore is generally lower and slower-moving than for residential sites, given more limited redevelopment upside under current industrial land use policy and the higher unanimity or majority thresholds required under the Land Titles (Strata) Act. With roughly 45 years remaining on the lease and no public indication of a collective sale process, an en-bloc event at Oxley Bizhub 2 should not be assumed or relied upon as an exit strategy. Investors should instead underwrite their purchase on rental income and eventual private resale, treating any future en-bloc outcome as a bonus scenario rather than a base case.
What parking and loading provisions does the building offer?
Oxley Bizhub 2 provides on-site car parking for owners, tenants and visitors, along with ground-floor loading and unloading bays designed for lorry access serving the building’s warehouse and factory units. Dedicated cargo lifts supplement the passenger lifts, allowing goods to move between floors without disrupting general foot traffic. That said, loading bay and parking capacity should be checked against the intended scale of operations, particularly for logistics-heavy tenants running frequent deliveries, as shared facilities in a 271-unit building can experience peak-hour congestion. Prospective occupiers with high vehicle turnover are advised to visit the building during business hours to assess real-world availability.
What are typical MCST maintenance fees at Oxley Bizhub 2?
Maintenance fees at Oxley Bizhub 2 are levied by the Management Corporation Strata Title (MCST 4060) based on each unit’s share value, covering common area upkeep, security, cleaning, lift servicing and the 11th-storey pool, gym and canteen facilities. Fees for comparable-sized units in the estate typically run into several hundred dollars a month, though the exact figure depends on unit size and the MCST’s current budget. Given the building’s age and the presence of recreational facilities that require more intensive upkeep than a standard industrial building, buyers should request the latest maintenance fee schedule and sinking fund statement directly from the managing agent before finalising a purchase.
How liquid is the resale market for units at Oxley Bizhub 2?
Oxley Bizhub 2 has a reasonably active resale and rental track record, reflected in a wide transacted PSF range of roughly S$468 to S$782 over the past year across factory and warehouse unit types. Liquidity tends to be strongest for smaller, well-configured units near the S$700,000 to S$1,000,000 price band, which appeal to a broader pool of owner-occupiers and small investors, while larger combined-lot units can take longer to transact given a narrower buyer pool. As with most strata industrial assets, liquidity is generally lower than residential property, so investors should plan for a realistic marketing period of several months when underwriting an eventual exit.
What types of businesses are best suited to a unit at Oxley Bizhub 2?
The building’s mix of factory, warehouse and office-style units suits a broad range of B1-compliant businesses, including light manufacturing and assembly, import/export and trading firms, logistics and fulfilment operators, IT and software companies, design studios, and technical or engineering service providers needing workshop space. The presence of on-site recreational facilities also makes it attractive to businesses that value staff amenities as part of their workspace offering. Businesses requiring heavy industrial processes, hazardous materials handling, or uses outside B1 permitted activities, such as food processing or central kitchens, are generally not suitable and should look at B2 or specialised industrial zoning elsewhere instead.

This article is for general informational purposes only and does not constitute investment, legal, tax or financial advice. Figures including price ranges, PSF, rental estimates and sub-scores are based on publicly available data and reasoned estimates at the time of writing and may not reflect current market conditions. Prospective buyers and tenants should conduct independent due diligence and consult qualified professionals, including a property lawyer and financial advisor, before making any purchase, lease or investment decision.

© 2026 SG Commercial Property Insights. All rights reserved.

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