CommercialDistrict 5 · Queenstown

118-118b Pasir Panjang Road

Reviewed by Nathan TangUpdated 10 November 2026Data through Jun 2002
Quick Summary

118-118b Pasir Panjang Road is a commercial building in District 5 · Queenstown. 1 transaction is on record since 1995, most recently in Jun 2002. ACRA records 0 live company registrations at this address.

1

What are the key facts about 118-118b Pasir Panjang Road?

Key takeaway118-118b Pasir Panjang Road is a commercial building in District 5 · Queenstown.
Asset class
Commercial
Land-use zone
Not on record
Gross plot ratio
—
Tenure
Not on record
District / Area
District 5 · Queenstown
Address
118-118b Pasir Panjang Road
Land area
—
Completed
Not on record
Storeys
Not on record
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
0
2

About 118-118b Pasir Panjang Road

118-118B Pasir Panjang Road is a commercial property in Queenstown (District 05). It is located along Pasir Panjang Road.

1 transaction has been recorded here, at a median of S$1,254 psf. The most recent was in June 2002.

3

What has 118-118b Pasir Panjang Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jun 2002 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jun 2002Shop HouseS$1.68M1,340 sqft$1,254

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

4

What does space at 118-118b Pasir Panjang Road rent for?

Key takeawayNo rent is published for 118-118b Pasir Panjang Road itself. On its street, Pasir Panjang Road, retail space rented at a median of $6.68 psf a month in 2026Q2, with the middle half of leases between $4.32 and $8.32. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Pasir Panjang Road

Street level · 2026Q2
25th pct
$4.32
$46.46 psm
Median
$6.68
$71.94 psm
75th pct
$8.32
$89.51 psm

S$ per sq ft per month · median -50% on a year earlier

2021Q3 · $73.74 psm2026Q2 · $71.94 psm median

URA's percentiles of RETAIL rents (shop, F&B, entertainment, health & fitness) across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. Retail rent swings with floor and frontage, so the spread matters as much as the median. A median needs at least 2 buildings and 3 contracts (percentiles need 4); a blank means below that threshold, not zero.

Source: URA rental statistics by street (IRAS-stamped contracts).

Office space on Pasir Panjang Road

Street level · 2026Q3
25th pct
—
— psm
Median
$9.00
$96.85 psm
75th pct
—
— psm

S$ per sq ft per month (median only published)

URA's percentiles of OFFICE rents across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. URA publishes a median only where the street has at least 2 office buildings and 3 contracts that quarter (percentiles need 4); a blank means below that threshold, not zero.

Source: URA rental statistics by street (IRAS-stamped contracts).

Retail space — District 5 retail

Region band · 2026Q3
25th pct
$7.45
$80.17 psm
Median
$11.04
$118.89 psm
75th pct
$15.35
$165.18 psm

S$ per sq ft per month

A REGION BAND — URA's grid for the whole district or location, not this street or building. Say "across <district/location>, …", never that this building rents for it. The middle of URA's retail grid for District 5 across every floor and size band — a ground-floor shop and an upper-floor unit sit at very different points in it.

Source: URA REALIS retail rental analysis (district × floor × size grid).

5

Market context around 118-118b Pasir Panjang Road

Key takeawayBrokers' retail figures for Singapore as a whole — a broker's market figure, not this building's rent.
CBRE, 2Q 2026 (island-wide)
  • Islandwide: Rent S$28.15 psf/mth
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026 (island-wide)
  • Singapore total: Rent S$30.38 psf/mth · Vacancy 6.3% (1Q 2026) · Planned / under construction 2.38m sq ft
Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% 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.

6

What's been approved at 118-118b Pasir Panjang Road?

Key takeawayURA has approved 2 changes of use at 118-118b Pasir Panjang Road since 2000, most recently in 2020. 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.
  1. 14 Oct 2020Approved
    Change of use to gym/fitness centre

    Change of use of 1st storey premises to gym/fitness centre at 118 & 120 pasir panjang road (queenstown planning area)

  2. 20 Aug 2020Renewed
    Continued use as eating house

    Continued use of 2 units of the 1st storey premises as eating house at 118 & 120 pasir panjang road

  3. 21 Aug 2017Renewed
    Continued use as eating house

    Continued use of 2 units of the 1st storey from laundry and dry cleaning service shop as eating house at 118 & 120 pasir panjang road

  4. 22 Aug 2014Renewed
    Continued use as eating house

    Continued use of 2 units of the 1st storey from laundry and dry cleaning service shop as eating house at 118 & 120 pasir panjang road

  5. 22 Aug 2012Renewed
    Continued use as eating house

    Continued use of 2 units of the 1st storey from laundry and dry cleaning service shop as eating house

  6. 5 Sept 2005Renewed
    Continued use as eating house

    Continued use of 2 units of the 1st storey from laundry and dry cleaning service shop as eating house

  7. 21 May 2002Approved
    Change of use: laundry and dry cleaning service shop → eating house

    Proposed change of use of 2 units of the 1st storey from laundry and dry cleaning service shop to eating house

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).

7

How does Pasir Panjang Road price?

Strata sales on the street (5y)
9

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.

8

What do commercial rents run near 118-118b Pasir Panjang Road?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 5 retail

Gross yield (area)
5.9%
5.3% net of property tax
Rent side (median of bands)
$118.89 psm/mo
2026Q3
Price side (strata, 5y)
$2,263 psf
32 sales

An INDICATIVE AREA yield for District 5 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 5 ($ psm/month, 2026Q3)

Floor level · size band25th pctMedian75th pct
B1 & Below · 30 & Below$50.00$57.14$376.27
Level 1 · 30 & Below$56.83$66.67$120.03
Level 2 & 3 · >30 - 100$90.07$125.08$160.38
Level 1 · >30 - 100$70.27$112.69$126.27
Level 1 · >100 - 300$108.14$129.44$203.65
Level 2 & 3 · >100 - 300$116.31$143.20$169.97

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

9

How many companies are registered at 118-118b Pasir Panjang Road?

Key takeawayACRA records 0 live company registrations at this address.
Live registrations
0
Registered last 3 years
0

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.

10

Frequently asked questions about 118-118b Pasir Panjang Road

Where is 118-118B Pasir Panjang Road?⌄

118-118B Pasir Panjang Road is at 118-118B Pasir Panjang Road, in the Queenstown planning area.

What have units at 118-118B Pasir Panjang Road sold for?⌄

Across 1 recorded transaction, the median price is S$1,254 psf. The latest was in June 2002.

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