CommercialRESIDENTIALConservationFreeholdDistrict 12 · Novena

25 Martaban Road

Reviewed by Nathan TangUpdated 8 November 2026Data through Feb 2009
Quick Summary

25 Martaban Road is a commercial building in District 12 · Novena, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 2.8. It is freehold. 3 transactions are on record since 1995, most recently in Feb 2009. ACRA records 0 live company registrations at this address.

1

What are the key facts about 25 Martaban Road?

Key takeaway25 Martaban Road is a commercial building in District 12 · Novena, zoned RESIDENTIAL, held freehold.
Asset class
Commercial
Land-use zone
RESIDENTIAL
Gross plot ratio
2.8
Tenure
Freehold
District / Area
District 12 · Novena
Address
25 Martaban Road
Land area
—
Completed
Not on record
Storeys
2 (© OpenStreetMap contributors)
Submarket
City Fringe
Transactions on record
3 (records start 1995)
Live listings
None
ACRA registrations
0
2

About 25 Martaban Road

25 Martaban Road is a mixed-use property in Novena (District 12). It is located along Martaban Road, Singapore 328649.

Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 2.8. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines.

The site is freehold.

3 transactions have been recorded here, at a median of S$854 psf. The most recent was in February 2009.

The nearest MRT is Novena MRT, 853 m away (about a 13-minute walk). The closest bus stop (Aft Pegu Rd) is 97 m away (about a 2-minute walk).

3

What is 25 Martaban Road zoned as?

Key takeaway25 Martaban Road sits on land zoned RESIDENTIAL with a gross plot ratio of 2.8, with conservation status.
Land-use zone
RESIDENTIAL
Gross plot ratio
2.8
Conservation area
Balestier
Conserved building
Yes

Run the full zoning report for this building →

4

What has 25 Martaban Road sold for?

Key takeaway3 transactions are on record since 1995, most recently in Feb 2009 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Feb 2009Shop HouseS$2.00M1,568 sqft$1,275
Dec 2004Shop HouseS$1.10M1,568 sqft$701
Sept 1997Shop HouseS$1.34M1,568 sqft$854

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

5

What does space at 25 Martaban Road rent for?

Key takeawayNo street- or building-level rent is published here. Across District 12 retail, retail space rented at a median of $6.71 psf a month in 2026Q3, with the middle half of leases between $5.52 and $8.97. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 12 retail

Region band · 2026Q3
25th pct
$5.52
$59.42 psm
Median
$6.71
$72.22 psm
75th pct
$8.97
$96.57 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 12 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).

6

Market context around 25 Martaban Road

Key takeawayBrokers' retail figures for this part of Singapore — 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
  • Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m 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.

7

What's been approved at 25 Martaban Road?

Key takeawayURA's planning decisions at 25 Martaban 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.
  1. 18 Jul 2005Approved
    Additions & alterations

    Proposed additions & alterations to an existing one unit of 2-storey terrace dwelling house with an attic

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).

8

What do commercial rents run near 25 Martaban 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 12 retail

Gross yield (area)
2.9%
2.6% net of property tax
Rent side (median of bands)
$72.22 psm/mo
2026Q3
Price side (strata, 5y)
$2,767 psf
54 sales

An INDICATIVE AREA yield for District 12 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 12 ($ psm/month, 2026Q3)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$52.08$72.22$91.29
Level 2 & 3 · 30 & Below$101.58$129.23$143.22
Level 2 & 3 · >30 - 100$59.42$63.94$96.57
Level 1 · >30 - 100$74.07$96.87$116.31
Level 1 · >100 - 300$48.14$55.10$60.66

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.

9

What is near 25 Martaban Road?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 853 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Aft Pegu Rd · 97 mParkwayHealth Primary Care Network · 125 mPlace Of Worship · 156 mHotel · 162 mEducational Institution · 251 mTan Tock Seng Hospital · 527 mWhampoa Community Club · 718 mNovena MRT Exit A · 769 m

Competing premises nearby

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

NTUC Fairprice Co-operative Ltd · 211 mBlks 91/92 Whampoa Drive # · 349 mSquare 2 · 808 m

Straight-line distances. Source: PropKaki amenities data.

10

Getting there and parking at 25 Martaban Road

Key takeawayThe nearest station is Novena (NS20), 769 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 21 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.
Foot traffic: busier than 32% of retail buildings

nearest MRT/LRT Novena (NS20) 769 m, about 85,000 taps a weekday; bus stops within 400 m: 8, about 21,000 taps a weekday; Novena: 42,829 resident workers (Census 2020, by workplace); about 54,000 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

  • Novena (NS20)769 m · about 85,000 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 25 Martaban Road. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

  • Balestier Road Area (URA)30 m
    season S$90/month
  • Martaban Rd (URA)45 m
    S$0.60 per half-hour at midday on a weekday · 16 car lots
  • Minbu Rd (URA)105 m
    S$0.60 per half-hour at midday on a weekday · 3 car lots
  • Mandalay Rd (URA)142 m
    S$0.60 per half-hour at midday on a weekday · 8 car lots
  • Bhamo Rd (URA)205 m
    S$0.60 per half-hour at midday on a weekday · 9 car lots

Public car parks only, by straight-line distance, with the operator's published rates. 25 Martaban Road's own car park, if it has one, and its charges are not in the open data.

11

How many companies are registered at 25 Martaban 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.

12

Frequently asked questions about 25 Martaban Road

Where is 25 Martaban Road?⌄

25 Martaban Road is at 25 Martaban Road, Singapore 328649, in the Novena planning area.

What is 25 Martaban Road zoned as?⌄

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

What is the tenure of 25 Martaban Road?⌄

25 Martaban Road is freehold.

Is 25 Martaban Road a conserved property?⌄

Yes. 25 Martaban Road falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 25 Martaban Road sold for?⌄

Across 3 recorded transactions, the median price is S$854 psf. The latest was in February 2009.

What is the nearest MRT station to 25 Martaban Road?⌄

Novena MRT is the closest, 853 m away (about a 13-minute walk).

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