CommercialRESIDENTIAL WITH COMMERCIAL AT 1ST STOREYFreeholdDistrict 5 · Queenstown

128 Pasir Panjang Road

Reviewed by Nathan TangUpdated 10 August 2026Data through Nov 1995
Quick Summary

128 Pasir Panjang Road is a commercial building in District 5 · Queenstown, on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY under the URA Master Plan with a gross plot ratio of 3.0. It is freehold. 1 transaction is on record since 1995, most recently in Nov 1995. ACRA records 1 live company registration at this address.

1

What are the key facts about 128 Pasir Panjang Road?

Key takeaway128 Pasir Panjang Road is a commercial building in District 5 · Queenstown, zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY, held freehold.
Asset class
Commercial
Land-use zone
RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio
3.0
Tenure
Freehold
District / Area
District 5 · Queenstown
Address
128 Pasir Panjang Road
Land area
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
1
2

About 128 Pasir Panjang Road

128 Pasir Panjang Road is a commercial property in Queenstown (District 05). It is located along Pasir Panjang Road, Singapore 118547.

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 freehold.

1 transaction has been recorded here, at a median of S$820 psf. The most recent was in November 1995.

1 business is currently registered at this address with ACRA.

The nearest MRT is Pasir Panjang MRT, 193 m away (about a 3-minute walk). The closest bus stop (Opp Currency Hse) is 16 m away (about a 0-minute walk).

3

What is 128 Pasir Panjang Road zoned as?

Key takeaway128 Pasir Panjang 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 128 Pasir Panjang Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Nov 1995 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Nov 1995Shop HouseS$900k1,098 sqft$820

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 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.

6

What do commercial rents run near 128 Pasir Panjang 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 5 retail

Gross yield (area)
4.2%
3.8% net of property tax
Rent side (median of bands)
$85.48 psm/mo
2026Q2
Price side (strata, 5y)
$2,256 psf
33 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, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$75.50$78.57$94.64
B1 & Below · 30 & Below$49.40$56.25$167.56
Level 1 · >30 - 100$65.08$80.89$95.59
Level 2 & 3 · >30 - 100$107.16$142.68$238.92
B1 & Below · >30 - 100$136.41$266.41$413.89
Level 4 & Above · >30 - 100$245.10$253.31$294.36
Level 2 & 3 · >100 - 300$57.26$74.59$120.64
Level 1 · >100 - 300$75.28$85.48$131.66

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 near 128 Pasir Panjang Road?

Key takeawayThe nearest MRT/LRT is Pasir Panjang MRT, about 193 m away — and 1 competing retail premises operate nearby.

Getting around

Amenities nearby

Opp Currency Hse · 16 mPasir Panjang MRT Exit A · 118 mPlace Of Worship · 135 mPort / Airport · 196 mJambol Place Park · 454 mBusiness Park · 471 mHotel · 872 mAlexandra Hospital · 1.3 km

Competing premises nearby

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

Pasir Panjang Food Centre · 188 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at 128 Pasir Panjang Road?

Key takeawayACRA records 1 live company registration at this address, 1 of them in the last three years.
Live registrations
1
Registered last 3 years
1
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.

9

Frequently asked questions about 128 Pasir Panjang Road

Where is 128 Pasir Panjang Road?

128 Pasir Panjang Road is at 128 Pasir Panjang Road, Singapore 118547, in the Queenstown planning area.

What is 128 Pasir Panjang Road zoned as?

128 Pasir Panjang 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 128 Pasir Panjang Road?

128 Pasir Panjang Road is freehold.

What have units at 128 Pasir Panjang Road sold for?

Across 1 recorded transaction, the median price is S$820 psf. The latest was in November 1995.

What is the nearest MRT station to 128 Pasir Panjang Road?

Pasir Panjang MRT is the closest, 193 m away (about a 3-minute walk).

How many businesses are registered at 128 Pasir Panjang Road?

1 business is 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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