CommercialRESIDENTIAL WITH COMMERCIAL AT 1ST STOREYLeaseholdDistrict 8 · Kallang

123 Owen Road

Reviewed by Nathan TangUpdated 10 August 2026Data through Nov 2022
Quick Summary

123 Owen Road is a commercial building in District 8 · Kallang, on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY under the URA Master Plan with a gross plot ratio of 3.0. It is leasehold with roughly 32 years remaining. 1 transaction is on record since 1995, most recently in Nov 2022. 4 units are currently listed for sale or rent. ACRA records 7 live company registrations at this address.

1

What are the key facts about 123 Owen Road?

Key takeaway123 Owen Road is a commercial building in District 8 · Kallang, zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY, held leasehold.
Asset class
Commercial
Land-use zone
RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio
3.0
Tenure
Leasehold
District / Area
District 8 · Kallang
Address
123 Owen Road
Land area
Transactions on record
1 (records start 1995)
Live listings
4
ACRA registrations
7
2

About 123 Owen Road

123 Owen Road is a commercial property in Kallang (District 08). It is located along Owen Road, Singapore 218927.

Under the URA Master Plan it sits on land zoned residential with commercial at 1st storey with a gross plot ratio of 3.

The site is leasehold, with about 32 years remaining on the lease.

1 transaction has been recorded here, at a median of S$167 psf. The most recent was in November 2022.

7 businesses are currently registered at this address with ACRA.

The nearest MRT is Farrer Park MRT, 242 m away (about a 4-minute walk). The closest bus stop (Farrer Pk Stn Exit D) is 156 m away (about a 2-minute walk).

3

What is 123 Owen Road zoned as?

Key takeaway123 Owen Road sits on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY with a gross plot ratio of 3.0.
Land-use zone
RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio
3.0

Run the full zoning report for this building →

4

What has 123 Owen Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Nov 2022 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Nov 2022Shop HouseS$570k3,407 sqft$167

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.

5

How does Owen Road price?

Strata sales on the street (5y)
1

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.

6

What do commercial rents run near 123 Owen Road?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 8 retail

Gross yield (area)
3.0%
2.7% net of property tax
Rent side (median of bands)
$73.77 psm/mo
2026Q2
Price side (strata, 5y)
$2,744 psf
57 sales

An INDICATIVE AREA yield for District 8 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 8 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$92.22$107.29$134.61
Level 2 & 3 · 30 & Below$60.38$67.06$71.17
Level 1 · >30 - 100$65.65$79.01$105.39
Level 2 & 3 · >30 - 100$53.41$58.43$108.12
B1 & Below · >30 - 100$185.86$205.31$205.79
Level 1 · >100 - 300$43.81$68.53$71.93
Level 4 & Above · >100 - 300$86.62$94.73$108.30
B1 & Below · >300$50.00$59.34$62.68

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.

7

What is available at 123 Owen Road right now?

Key takeaway4 units are currently listed at 123 Owen Road1 for sale and 3 for rent. One row per unit; several agents often market the same unit.

For sale (1)

  • Owen Road Corner Shophouse For SaleS$1.20M · 1,700 sqft

For rent (3)

  • Owen Road Shophouse For RentS$6k/mo · 1,700 sqft
  • Owen Road Storage Space For RentS$5k/mo · 1,700 sqft
  • Owen Road Office Space For RentS$6k/mo · 1,700 sqft

Browse every listing at this building →

8

What is near 123 Owen Road?

Key takeawayThe nearest MRT/LRT is Farrer Park MRT, about 242 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Farrer Pk Stn Exit D · 156 mFarrer Park MRT Exit D · 166 mPek Kio Community Centre · 169 mPlace Of Worship · 177 mEducational Institution · 185 mFarrer Park Hospital · 185 mTruecare Clinic · 190 mHotel · 269 mCity Green · 441 mKallang Polyclinic · 751 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

Pek Kio Market & Food Centre · 364 mNTUC Fairprice Co-operative Ltd · 391 mCity Square Mall · 522 m

Straight-line distances. Source: PropKaki amenities data.

9

How many companies are registered at 123 Owen Road?

Key takeawayACRA records 7 live company registrations at this address, 2 of them in the last three years.
Live registrations
7
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.

10

Frequently asked questions about 123 Owen Road

Where is 123 Owen Road?

123 Owen Road is at 123 Owen Road, Singapore 218927, in the Kallang planning area.

What is 123 Owen Road zoned as?

123 Owen Road sits on land zoned residential with commercial at 1st storey under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of 123 Owen Road?

123 Owen Road is leasehold. About 32 years remain on the lease.

What have units at 123 Owen Road sold for?

Across 1 recorded transaction, the median price is S$167 psf. The latest was in November 2022.

What is the nearest MRT station to 123 Owen Road?

Farrer Park MRT is the closest, 242 m away (about a 4-minute walk).

How many businesses are registered at 123 Owen Road?

7 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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