CommercialCOMMERCIALConservationFreeholdDistrict 2 · Outram

31 Keong Saik Road

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 2018
Quick Summary

31 Keong Saik Road is a commercial building in District 2 · Outram, on land zoned COMMERCIAL under the URA Master Plan. It is freehold. 1 transaction is on record since 1995, most recently in Nov 2018. ACRA records 4 live company registrations at this address.

1

What are the key facts about 31 Keong Saik Road?

Key takeaway31 Keong Saik Road is a commercial building in District 2 · Outram, zoned COMMERCIAL, held freehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
Subject to Evaluation
Tenure
Freehold
District / Area
District 2 · Outram
Address
31 Keong Saik Road
Land area
—
Completed
Not on record
Storeys
3 (© OpenStreetMap contributors)
Submarket
City Fringe
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
4
2

About 31 Keong Saik Road

31 Keong Saik Road is a commercial property in Outram (District 02). It is located along Keong Saik Road, Singapore 089138.

Under the URA Master Plan it sits on land zoned commercial. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines. It lies inside the Central Area.

The site is freehold.

1 transaction has been recorded here, at a median of S$9,466 psf. The most recent was in November 2018.

4 businesses are currently registered at this address with ACRA.

The nearest MRT is Maxwell MRT, 282 m away (about a 4-minute walk). The closest bus stop (Opp Blk 333) is 125 m away (about a 2-minute walk).

3

What is 31 Keong Saik Road zoned as?

Key takeaway31 Keong Saik Road sits on land zoned COMMERCIAL, with conservation status, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
Subject to Evaluation
Conservation area
Chinatown (Bukit Pasoh)
Conserved building
Yes
Urban design area
Udga
Central Area
Yes

URA has not published a fixed plot ratio for this site — the Master Plan records "EVA" (Subject to Evaluation), meaning intensity is decided case by case on application. Do not quote a plot ratio, and do not compute buildable GFA from it.

Run the full zoning report for this building →

4

What has 31 Keong Saik Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Nov 2018 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Nov 2018Shop HouseS$14.00M1,479 sqft$9,466

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 31 Keong Saik Road rent for?

Key takeawayNo street- or building-level rent is published here. Across District 2 retail, retail space rented at a median of $8.70 psf a month in 2026Q3, with the middle half of leases between $7.84 and $9.99. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 2 retail

Region band · 2026Q3
25th pct
$7.84
$84.37 psm
Median
$8.70
$93.65 psm
75th pct
$9.99
$107.51 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 2 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 31 Keong Saik 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 31 Keong Saik Road?

Key takeawayURA has approved 3 changes of use at 31 Keong Saik Road since 2000, most recently in 2023. 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.
F&B and nightlife here

No new bars, pubs, nightclubs or karaoke lounges (a Historic Conservation Area).

Per URA's Use of Buildings in Conservation Areas. A planning guideline for the area, not a decision on any unit; it applies to new eating houses and bars, not to one already approved.

  1. 25 Jun 2026Renewed
    Continued use as restaurant

    Continued use at the 2nd storey unit of the 3-storey building ts05 on lot 99339v at 31 keong saik road as restaurant (chinatown (bukit pasoh) conservation area)

  2. 4 Mar 2026Renewed
    Continued use as restaurant

    Continued use at the 2nd storey unit of the 3-storey building ts05 on lot 99339v at 31 keong saik road as restaurant (chinatown (bukit pasoh) conservation area)

  3. 17 Jul 2025Renewed
    Continued use as restaurant

    Continued use at the 2nd storey unit of the 3-storey building ts05 on lot 99339v at 31 keong saik road as restaurant (chinatown (bukit pasoh) conservation area)

  4. 9 Jul 2025Renewed
    Continued use as restaurant

    Continued use at the 1st storey unit of the 3-storey building ts05 on lot 99339v at 31 keong saik road as restaurant (chinatown (bukit pasoh) conservation area)

  5. 26 Jun 2024Renewed
    Continued use as restaurant

    Continued use at the 2nd storey unit of the 3-storey building ts05 on lot 99339v at 31 keong saik road as restaurant (chinatown (bukit pasoh) conservation area)

  6. 16 Apr 2024Renewed
    Continued use as restaurant

    Continued use at the 2nd storey unit of the 3-storey building ts05 on lot 99339v at 31 keong saik road as restaurant (chinatown (bukit pasoh) conservation area)

  7. 12 Apr 2023Approved
    Change of use: office → restaurant

    Change of use at the 2nd storey unit of the 3-storey building ts05 on lot 99339v at 31 keong saik road from office to restaurant (chinatown (bukit pasoh) conservation area)

  8. 16 Sept 2021Approved
    Change of use to commercial school

    Change of use at the 3rd storey unit of the 3-storey building ts05 on lot 99339v at 31 keong saik road to commercial school (chinatown (bukit pasoh) conservation area)

  9. 2 Dec 2019Approved
    Additions & alterations

    Proposed addition and alteration to the 1st storey of the 3 storey building ts05 on lot 99339v at 31 keong saik road (chinatown (bukit pasoh) conservation area)

  10. 6 Jun 2019Approved
    Additions & alterations

    Proposed addition and alteration to first storey only of an existing 3-storey conserved shophouse on lot 99339v ts 05 at 31 keong saik road, singapore 089138 (chinatown conservation area)

  11. 26 Nov 2008Approved
    Change of use: office/yoga studio → restauarnt ts05

    Change of use of the ground floor of the 3-storey shophouse from office/yoga studio to restauarnt ts05 on lot 99339v at 31 keong saik road (chinatown (bukit pasoh))

  12. 10 Oct 2003Approved
    Additions & alterations

    Proposed additions/alterations to 1st storey only of existing 3-storey building and change of use at 1st storey from eating house to health centre.

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

How does Keong Saik 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.

9

What do commercial rents run near 31 Keong Saik 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 2 retail

Gross yield (area)
3.8%
3.4% net of property tax
Rent side (median of bands)
$93.65 psm/mo
2026Q3
Price side (strata, 5y)
$2,752 psf
14 sales

An INDICATIVE AREA yield for District 2 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 2 ($ psm/month, 2026Q3)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$92.88$96.94$102.26
Level 1 · 30 & Below$110.68$117.65$134.18
Level 1 · >30 - 100$80.88$88.43$172.22
Level 2 & 3 · >30 - 100$86.12$91.49$91.50
B1 & Below · >30 - 100$247.81$267.74$283.87
Level 4 & Above · >30 - 100$80.14$84.93$88.40
Level 2 & 3 · >100 - 300$82.62$95.80$112.75
Level 1 · >100 - 300$28.40$52.68$96.53

Office rents — Central Area ($ psm/month, 2026Q3)

Building class · size band25th pctMedian75th pct
Category 2 · 100 & Below$54.65$69.39$88.80
Category 1 · 100 & Below$103.62$122.24$132.43
Category 1 · >100 - 200$116.28$126.99$148.35
Category 2 · >100 - 200$65.57$82.87$97.63
Category 1 · >200 - 500$114.67$128.09$145.77
Category 2 · >200 - 500$64.83$82.57$94.73
Category 1 · >500 - 1000$106.56$137.78$148.23
Category 2 · >500 - 1000$85.04$89.34$109.80

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.

10

What is near 31 Keong Saik Road?

Key takeawayThe nearest MRT/LRT is Maxwell MRT, about 282 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Hotel · 85 mOutram Park MRT Exit 4 · 115 mDuxton Plain Pk · 123 mOpp Blk 333 · 125 mPlace Of Worship · 125 mCambridge Clinic · 143 mKreta Ayer Community Club · 224 mOutram Polyclinic · 343 mEducational Institution · 398 mSingapore General Hospital · 653 m

Competing premises nearby

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

Wan Siew Yoong · 260 mChinatown Complex Market & Hawker Centre · 324 m100 Am · 613 m

Straight-line distances. Source: PropKaki amenities data.

11

Getting there and parking at 31 Keong Saik Road

Key takeawayThe nearest station is Outram Park (EW16 / NE3 / TE17), 114 m away — a busy station, with about 78,000 taps in and out on an average weekday. 42 public car parks are within 500 m.
Foot traffic: busier than 96% of retail buildings

nearest MRT/LRT Outram Park (EW16/NE3/TE17) 114 m, about 78,000 taps a weekday; 8 more stations within 1 km; bus stops within 400 m: 15, about 29,000 taps a weekday; Outram: 38,402 resident workers (Census 2020, by workplace); about 26,000 residents within 1 km (June 2026); 4 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

  • Outram Park (EW16 / NE3 / TE17)114 m · about 78,000 weekday taps
  • Maxwell (TE18)169 m · about 23,000 weekday taps
  • Chinatown (NE4 / DT19)490 m · about 97,000 weekday taps
  • Tanjong Pagar (EW15)554 m · about 85,000 weekday taps
  • Telok Ayer (DT18)741 m · about 37,000 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 31 Keong Saik Road. Transfers between lines don't tap, so interchanges read low.

Bus

15 bus stops within 400 m, with about 29,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Keong Saik Rd (URA)17 m
    S$1.20 per half-hour at midday on a weekday · 68 car lots
  • Backlane (Jiak Chuan R D - Teck Lim Rd) (URA)46 m
  • Jiak Chuan Rd (URA)49 m
    S$1.20 per half-hour at midday on a weekday · 12 car lots
  • Teck Lim Rd (URA)62 m
    S$1.20 per half-hour at midday on a weekday · 14 car lots
  • Backlane (Teck Lim Rd) (URA)77 m

Nearest URA season parking: Blair Road-Everton Roa D Area, 631 m away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. 31 Keong Saik Road's own car park, if it has one, and its charges are not in the open data.

12

Who's registered at 31 Keong Saik Road?

Key takeaway4 live companies (and LLPs and branches; sole proprietors are not counted) list 31 Keong Saik Road as their registered address. These are registered businesses, not who occupies the space.
  • Arts, entertainment and recreation
    2
  • Accommodation and food services
    1
  • Education
    1
  • Information and communications
    0
  • Wholesale and retail trade
    0
  • Professional, scientific and technical services
    0

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. ACRA, as of 2026-09-16.

13

Frequently asked questions about 31 Keong Saik Road

Where is 31 Keong Saik Road?⌄

31 Keong Saik Road is at 31 Keong Saik Road, Singapore 089138, in the Outram planning area.

What is 31 Keong Saik Road zoned as?⌄

31 Keong Saik Road sits on land zoned commercial under the URA Master Plan.

What is the tenure of 31 Keong Saik Road?⌄

31 Keong Saik Road is freehold.

Is 31 Keong Saik Road a conserved property?⌄

Yes. 31 Keong Saik Road falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 31 Keong Saik Road sold for?⌄

Across 1 recorded transaction, the median price is S$9,466 psf. The latest was in November 2018.

What is the nearest MRT station to 31 Keong Saik Road?⌄

Maxwell MRT is the closest, 282 m away (about a 4-minute walk).

How many businesses are registered at 31 Keong Saik Road?⌄

4 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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