CommercialCOMMERCIALConservationFreeholdDistrict 15 · Geylang

241,241a,241b,etc Joo Chiat Road

Reviewed by Nathan TangUpdated 10 August 2026Data through Nov 2007
Quick Summary

241,241a,241b,etc Joo Chiat Road is a commercial building in District 15 · Geylang, on land zoned COMMERCIAL 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 2007. ACRA records 3 live company registrations at this address.

1

What are the key facts about 241,241a,241b,etc Joo Chiat Road?

Key takeaway241,241a,241b,etc Joo Chiat Road is a commercial building in District 15 · Geylang, zoned COMMERCIAL, held freehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
3.0
Tenure
Freehold
District / Area
District 15 · Geylang
Address
241,241a,241b,etc Joo Chiat Road
Land area
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
3
2

About 241,241a,241b,etc Joo Chiat Road

241,241A,241B,Etc Joo Chiat Road is a commercial property in Geylang (District 15). It is located along Joo Chiat Road, Singapore 427498.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 3. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines.

The site is freehold.

1 transaction has been recorded here, at a median of S$1,047 psf. The most recent was in November 2007.

3 businesses are currently registered at this address with ACRA.

The nearest MRT is Marine Parade MRT Exit 3, 961 m away (about a 15-minute walk). The closest bus stop (Bef Koon Seng Rd) is 16 m away (about a 0-minute walk).

3

What is 241,241a,241b,etc Joo Chiat Road zoned as?

Key takeaway241,241a,241b,etc Joo Chiat Road sits on land zoned COMMERCIAL with a gross plot ratio of 3.0, with conservation status.
Land-use zone
COMMERCIAL
Gross plot ratio
3.0
Conservation area
Joo Chiat
Conserved building
Yes

Run the full zoning report for this building →

4

What has 241,241a,241b,etc Joo Chiat Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Nov 2007 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Nov 2007Shop HouseS$4.30M4,106 sqft$1,047

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 Joo Chiat Road price?

Key takeawayAcross 67 strata sales on Joo Chiat Road in the last 5 years, the median is $1,883 psf.
Strata sales on the street (5y)
67
Street median PSF (strata)
$1,883

Street figures cover strata deals only — land and strata PSF are not comparable.

6

What do commercial rents run near 241,241a,241b,etc Joo Chiat 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 15 retail

Gross yield (area)
4.2%
3.8% net of property tax
Rent side (median of bands)
$109.64 psm/mo
2026Q2
Price side (strata, 5y)
$2,890 psf
86 sales

An INDICATIVE AREA yield for District 15 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 15 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$60.00$91.67$123.00
B1 & Below · 30 & Below$75.81$109.64$243.47
Level 2 & 3 · 30 & Below$68.24$125.48$215.03
Level 4 & Above · >30 - 100$50.75$55.22$59.76
Level 1 · >30 - 100$89.55$111.66$176.50
Level 2 & 3 · >30 - 100$74.56$115.04$179.95
B1 & Below · >30 - 100$96.86$112.98$285.03
Level 1 · >100 - 300$100.81$136.47$176.70

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 241,241a,241b,etc Joo Chiat Road?

Amenities nearby

Bef Koon Seng Rd · 16 mHotel · 57 mPlace Of Worship · 67 mEducational Institution · 100 mOnan Road Green Space · 125 mJoo Chiat Medical Clinic · 219 mJoo Chiat Community Club · 495 mEunos Polyclinic · 858 mParkway East Hospital · 932 mMarine Parade MRT Exit 3 · 961 m

Competing premises nearby

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

Dunman Food Centre · 172 mi12 Katong · 750 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at 241,241a,241b,etc Joo Chiat Road?

Key takeawayACRA records 3 live company registrations at this address.
Live registrations
3
Registered last 3 years
0
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 241,241a,241b,etc Joo Chiat Road

Where is 241,241A,241B,Etc Joo Chiat Road?

241,241A,241B,Etc Joo Chiat Road is at 241,241A,241B,Etc Joo Chiat Road, Singapore 427498, in the Geylang planning area.

What is 241,241A,241B,Etc Joo Chiat Road zoned as?

241,241A,241B,Etc Joo Chiat Road sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of 241,241A,241B,Etc Joo Chiat Road?

241,241A,241B,Etc Joo Chiat Road is freehold.

Is 241,241A,241B,Etc Joo Chiat Road a conserved property?

Yes. 241,241A,241B,Etc Joo Chiat Road falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 241,241A,241B,Etc Joo Chiat Road sold for?

Across 1 recorded transaction, the median price is S$1,047 psf. The latest was in November 2007.

What is the nearest MRT station to 241,241A,241B,Etc Joo Chiat Road?

Marine Parade MRT Exit 3 is the closest, 961 m away (about a 15-minute walk).

How many businesses are registered at 241,241A,241B,Etc Joo Chiat Road?

3 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.

For agents · in the PropKaki app

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