CommercialCOMMERCIALConservationLeaseholdDistrict 15 · Marine Parade

308,308a,308b Joo Chiat Road

Reviewed by Nathan TangUpdated 10 August 2026Data through Jun 2011
Quick Summary

308,308a,308b Joo Chiat Road is a commercial building in District 15 · Marine Parade, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 3.0. It is leasehold with roughly 23 years remaining. 1 transaction is on record since 1995, most recently in Jun 2011. ACRA records 0 live company registrations at this address.

1

What are the key facts about 308,308a,308b Joo Chiat Road?

Key takeaway308,308a,308b Joo Chiat Road is a commercial building in District 15 · Marine Parade, zoned COMMERCIAL, held leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
3.0
Tenure
Leasehold
District / Area
District 15 · Marine Parade
Address
308,308a,308b Joo Chiat Road
Land area
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
0
2

About 308,308a,308b Joo Chiat Road

308,308A,308B Joo Chiat Road is a commercial property in Marine Parade (District 15). It is located along Joo Chiat Road, Singapore 427559.

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 leasehold, with about 23 years remaining on the lease.

1 transaction has been recorded here, at a median of S$735 psf. The most recent was in June 2011.

The nearest MRT is Marine Parade MRT, 831 m away (about a 13-minute walk). The closest bus stop (Aft Koon Seng Rd) is 152 m away (about a 2-minute walk).

3

What is 308,308a,308b Joo Chiat Road zoned as?

Key takeaway308,308a,308b 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 308,308a,308b Joo Chiat Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jun 2011 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jun 2011Shop HouseS$1.25M1,702 sqft$735

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 308,308a,308b 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 308,308a,308b Joo Chiat Road?

Key takeawayThe nearest MRT/LRT is Marine Parade MRT, about 831 m away — and 2 competing retail premisess operate nearby.

Getting around

Amenities nearby

Joo Chiat Medical Clinic · 48 mPlace Of Worship · 133 mAft Koon Seng Rd · 152 mOnan Road Green Space · 170 mEducational Institution · 191 mHotel · 229 mJoo Chiat Community Club · 329 mMarine Parade MRT Exit 3 · 790 mEunos Polyclinic · 959 mParkway East Hospital · 962 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 · 37 mi12 Katong · 578 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at 308,308a,308b Joo Chiat 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.

9

Frequently asked questions about 308,308a,308b Joo Chiat Road

Where is 308,308A,308B Joo Chiat Road?

308,308A,308B Joo Chiat Road is at 308,308A,308B Joo Chiat Road, Singapore 427559, in the Marine Parade planning area.

What is 308,308A,308B Joo Chiat Road zoned as?

308,308A,308B 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 308,308A,308B Joo Chiat Road?

308,308A,308B Joo Chiat Road is leasehold. About 23 years remain on the lease.

Is 308,308A,308B Joo Chiat Road a conserved property?

Yes. 308,308A,308B Joo Chiat Road falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 308,308A,308B Joo Chiat Road sold for?

Across 1 recorded transaction, the median price is S$735 psf. The latest was in June 2011.

What is the nearest MRT station to 308,308A,308B Joo Chiat Road?

Marine Parade MRT is the closest, 831 m away (about a 13-minute walk).

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