CommercialRESIDENTIALDistrict 23 · Bukit Panjang

121 Pending Road

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

121 Pending Road is a commercial building in District 23 · Bukit Panjang, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 2.8. ACRA records 14 live company registrations at this address.

The facts are here — now get the verdict on 121 Pending Road.

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What are the key facts about 121 Pending Road?

Key takeaway121 Pending Road is a commercial building in District 23 · Bukit Panjang, zoned RESIDENTIAL.

Asset class: Commercial
Land-use zone: RESIDENTIAL
Gross plot ratio: 2.8
Tenure: Not on record
District / Area: District 23 · Bukit Panjang
Address: —
Land area: 35,527 sqm
Completed: 1987 (HDB Property Information)
Storeys: 13 (HDB Property Information)
Submarket: Suburban
Transactions on record: None recorded
Live listings: None
ACRA registrations: 14

No recorded transactions — this building has never generated a strata caveat (typically single-owner or lease-only stock). That is not missing data, and it says nothing about the building's value, occupancy or availability.

About 121 Pending Road

121 Pending Road is a mixed-use building in Bukit Panjang (District 23). It is located along Pending Road, Singapore 670121.

Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 2.8.

It occupies roughly 35,527 sqm of land with about 305,028 sqm of gross floor area.

14 businesses are currently registered at this address with ACRA.

The nearest MRT is Pending LRT, 196 m away (about a 3-minute walk). The closest bus stop (Opp Zhenghua Pr Sch) is 140 m away (about a 2-minute walk). Bukit Panjang Plaza is 682 m away (about a 11-minute walk).

What is 121 Pending Road zoned as?

Key takeaway121 Pending Road sits on land zoned RESIDENTIAL with a gross plot ratio of 2.8.

Land-use zone: RESIDENTIAL
Gross plot ratio: 2.8

Run the full zoning report for this building →

What does space at 121 Pending Road rent for?

Key takeawayNo street- or building-level rent is published here. Across District 23 retail, retail space rented at a median of $23.77 psf a month in 2026Q3, with the middle half of leases between $22.95 and $25.51. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 23 retail

Region band · 2026Q3

25th pct

$22.95

$247.02 psm

Median

$23.77

$255.89 psm

75th pct

$25.51

$274.59 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 23 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).

Market context around 121 Pending Road

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

Suburban: Rent S$32.95 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Suburban: Rent S$33.36 psf/mth · Vacancy 5.7% (1Q 2026) · Planned / under construction 1.53m 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.

What's been approved at 121 Pending Road?

Key takeawayURA's planning decisions at 121 Pending Road since 2000 are below. 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.

24 Oct 2019Agency works
Additions & alterations
Proposed additions & alterations to existing residents' committee centre with an extension at 1st storey void deck mk14 on lot 00465x at 121 pending rd (bukit panjang 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).

What do commercial rents run near 121 Pending 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 23 retail

Gross yield (area)

9.6%

8.6% net of property tax

Rent side (median of bands)

$255.89 psm/mo

2026Q3

Price side (strata, 5y)

$2,984 psf

11 sales

An INDICATIVE AREA yield for District 23 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 23 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
B1 & Below · 30 & Below	$301.00	$351.50	$421.39
Level 1 · 30 & Below	$337.00	$386.49	$398.56
Level 4 & Above · >30 - 100	$247.02	$248.59	$265.90
Level 1 · >30 - 100	$146.69	$255.89	$274.59
B1 & Below · >30 - 100	$312.82	$320.00	$323.19
Level 2 & 3 · >30 - 100	$168.47	$207.40	$244.22
Level 1 · >100 - 300	$87.55	$123.10	$164.64

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.

What is near 121 Pending Road?

Key takeawayThe nearest MRT/LRT is Pending LRT, about 196 m away.

Getting around

Pending LRT196 m · ~3 min

Amenities nearby

Bukit Panjang Community Club · 115 mOpp Zhenghua Pr Sch · 140 mEducational Institution · 167 mPending LRT Exit A · 192 mSP Clinic · 212 mBukit Panjang Hawker Centre & Market · 297 mNTUC Fairprice Co-operative Ltd · 297 mPlace Of Worship · 309 mBukit Panjang Plaza · 682 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 121 Pending Road

Key takeawayThe nearest station is Pending (BP8), 192 m away — a quiet station, with 4,221 taps in and out on an average weekday. 17 public car parks are within 500 m.

Foot traffic: busier than 36% of retail buildings

nearest MRT/LRT Pending (BP8) 192 m, about 4,221 taps a weekday; 4 more stations within 1 km; bus stops within 400 m: 11, about 21,000 taps a weekday; Bukit Panjang: 9,091 resident workers (Census 2020, by workplace); about 78,000 residents within 1 km (June 2026); 2 other malls within 1 km. Ranked against 12,856 retail 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, and competing malls), not a count of people.

Stations within 1 km

Pending (BP8)192 m · 4,221 weekday taps
Petir (BP7)343 m · 2,349 weekday taps
Bangkit (BP9)424 m · 4,558 weekday taps
Bukit Panjang (BP6 / DT1)740 m · about 85,000 weekday taps
Fajar (BP10)813 m · 6,675 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 121 Pending Road. Transfers between lines don't tap, so interchanges read low.

Bus

11 bus stops within 400 m, with about 21,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 101/129 Gangsa Road/Pending Road (HDB)54 m
S$0.60 per half-hour at midday on a weekday · gantry 5.4 m · 1,054 car lots
Blk 234-241 Bukit Panjang Ring Road (HDB)213 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 269 car lots
Blk 234A Bukit Panjang Ring Road (HDB)321 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 356 car lots
Blk 219/233 Petir Road (HDB)325 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 824 car lots
Blk 258 Bukit Panjang Ring Road (HDB)348 m
S$0.60 per half-hour at midday on a weekday · 16 car lots

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

Nearest URA season parking: Service Rd (Choa Chu K Ang Ave 1), 2.7 km away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. 121 Pending Road's own car park, if it has one, and its charges are not in the open data.

How many companies are registered at 121 Pending Road?

Key takeawayACRA records 14 live company registrations at this address, 2 of them in the last three years.

Live registrations: 14
Registered last 3 years: 2
Most common type: Local Company

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.

Frequently asked questions about 121 Pending Road

Where is 121 Pending Road?⌄

121 Pending Road is at Pending Road, Singapore 670121, in the Bukit Panjang planning area.

What is 121 Pending Road zoned as?⌄

121 Pending Road sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 2.8.

Have there been any recorded transactions at 121 Pending Road?⌄

No caveats have been lodged for 121 Pending Road in the URA records we track. That is common for buildings held by a single owner, which never generate strata transactions.

What is the nearest MRT station to 121 Pending Road?⌄

Pending LRT is the closest, 196 m away (about a 3-minute walk).

How many businesses are registered at 121 Pending Road?⌄

14 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

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Read the figures right

Completion year: the year HDB records the block as completed (HDB Property Information).

Storeys: the block's highest floor level as HDB records it.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

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.

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.

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.

Tenure is not recorded for this building. Commercial tenure coverage is roughly 40% (industrial is far better at ~90%).

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 HDB Property Information, PropKaki's submarket map, HDB car park information (data.gov.sg), LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

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.