CommercialCOMMERCIALConservationFreeholdDistrict 2 · Outram

34,34a,34b Keong Saik Road

Reviewed by Nathan TangUpdated 8 November 2026Data through Jul 2023
Quick Summary

34,34a,34b Keong Saik Road is a commercial building in District 2 · Outram, on land zoned COMMERCIAL under the URA Master Plan. It is freehold. 2 transactions are on record since 1995, most recently in Jul 2023. 10 units are currently listed for sale or rent. ACRA records 0 live company registrations at this address.

1

What are the key facts about 34,34a,34b Keong Saik Road?

Key takeaway34,34a,34b 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
34,34a,34b Keong Saik Road
Land area
—
Completed
Not on record
Storeys
3 (© OpenStreetMap contributors)
Submarket
City Fringe
Listed as
Shop / Shophouse, Food & Beverage, Office
Transactions on record
2 (records start 1995)
Live listings
10
ACRA registrations
0
2

About 34,34a,34b Keong Saik Road

34,34A,34B Keong Saik Road is a commercial property in Outram (District 02). It is located along Keong Saik Road, Singapore 089141.

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.

2 transactions have been recorded here, at a median of S$11,076 psf. The most recent was in July 2023.

The nearest MRT is Maxwell MRT, 243 m away (about a 4-minute walk). The closest bus stop (Opp Blk 333) is 76 m away (about a 1-minute walk).

3

What is 34,34a,34b Keong Saik Road zoned as?

Key takeaway34,34a,34b 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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 34,34a,34b Keong Saik Road sold for?

Key takeaway2 transactions are on record since 1995, most recently in Jul 2023 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jul 2023Shop HouseS$15.50M1,067 sqft$14,531
May 2017Shop HouseS$8.13M1,067 sqft$7,620

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 34,34a,34b 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 34,34a,34b 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

How fast units move at 34,34a,34b Keong Saik Road

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 8 units for rent; 2 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 2 new listings appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

8

What's been approved at 34,34a,34b Keong Saik Road?

Key takeawayURA has approved 3 changes of use at 34,34a,34b Keong Saik Road since 2000, most recently in 2022. 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. 2 Oct 2024Renewed
    Continued use as restaurant

    Continued use at the 1st, 2nd & 3rd storey units of the 3-storey building ts05 on lot 99360p at 34 keong saik road as restaurant (chinatown (bukit pasoh) conservation area)

  2. 16 Feb 2022Approved
    Change of use to cafe

    Change of use at the 1st, 2nd & 3rd storey units of the 3-storey building ts05 on lot 99360p at 34 keong saik road to cafe (chinatown (bukit pasoh) conservation area)

  3. 18 Aug 2020Approved
    Change of use to restaurant

    Change of use at the 1st, 2nd and 3rd storey units of the 3-storey building ts05 on lot 99360p at 34 keong saik road to restaurant (chinatown (bukit pasoh) conservation area)

  4. 1 Dec 2016Approved
    Change of use to restaurant

    Change of use at the 2nd and 3rd storey units of the 3-storey building ts05 on lot 99360p at 34 keong saik road to restaurant (chinatown (bukit pasoh) conservation area)

  5. 17 Sept 2001Approved
    Additions & alterations

    Proposed additions/alterations to 1st storey of existing 3-storey building and the use at 1st storey as foodshop

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).

9

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.

10

What do commercial rents run near 34,34a,34b 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.

11

What is available at 34,34a,34b Keong Saik Road right now?

Key takeaway10 units are currently listed at 34,34a,34b Keong Saik Road — 2 for sale and 8 for rent. One row per unit; several agents often market the same unit.

For sale (2)

  • Freehold Keong Saik Shophouse2 agentsS$19.80M · 2,700 sqft
  • Keong Saik RoadS$19.80M · 2,743 sqft

For rent (8)

  • ✨ 3F Office in Keong Saik | RenovatedS$6k/mo · 799 sqft
  • ✨ Second Floor Shophouse in Prime Keong SaikS$6k/mo · 877 sqft
  • ✨ Plug and Play Ground Floor F&B in Keong Saik2 agentsS$15k/mo · 1,067 sqft
  • ✨ Whole Keong Saik Shophouse | Prime Lifestyle Zone3 agentsS$27k/mo · 2,743 sqft

Browse every listing at this building →

12

What is near 34,34a,34b Keong Saik Road?

Key takeawayThe nearest MRT/LRT is Maxwell MRT, about 243 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Opp Blk 333 · 76 mPlace Of Worship · 83 mDuxton Plain Pk · 92 mLee Clinic & Surgery · 99 mHotel · 114 mMaxwell MRT Exit 3 · 136 mKreta Ayer Community Club · 175 mOutram Polyclinic · 382 mEducational Institution · 444 mSingapore General Hospital · 671 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 · 210 mChinatown Complex Market & Hawker Centre · 274 mChinatown Point · 615 m

Straight-line distances. Source: PropKaki amenities data.

13

Getting there and parking at 34,34a,34b Keong Saik Road

Key takeawayThe nearest station is Maxwell (TE18), 135 m away — a moderately busy station, with about 23,000 taps in and out on an average weekday. 43 public car parks are within 500 m.
Foot traffic: busier than 94% of retail buildings

nearest MRT/LRT Maxwell (TE18) 135 m, about 23,000 taps a weekday; 8 more stations within 1 km; bus stops within 400 m: 13, about 25,000 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

  • Maxwell (TE18)135 m · about 23,000 weekday taps
  • Outram Park (EW16 / NE3 / TE17)147 m · about 78,000 weekday taps
  • Chinatown (NE4 / DT19)441 m · about 97,000 weekday taps
  • Tanjong Pagar (EW15)559 m · about 85,000 weekday taps
  • Telok Ayer (DT18)696 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 34,34a,34b Keong Saik Road. Transfers between lines don't tap, so interchanges read low.

Bus

13 bus stops within 400 m, with about 25,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Teck Lim Rd (URA)18 m
    S$1.20 per half-hour at midday on a weekday · 14 car lots
  • Backlane (Jiak Chuan R D - Teck Lim Rd) (URA)28 m
  • Keong Saik Rd (URA)34 m
    S$1.20 per half-hour at midday on a weekday · 68 car lots
  • Backlane (Keong Saik R D - Neil Rd) (URA)52 m
  • Jiak Chuan Rd (URA)58 m
    S$1.20 per half-hour at midday on a weekday · 12 car lots

Nearest URA season parking: Blair Road-Everton Roa D Area, 681 m away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. 34,34a,34b Keong Saik Road's own car park, if it has one, and its charges are not in the open data.

14

Who's registered at 34,34a,34b Keong Saik Road?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list 34,34a,34b Keong Saik Road as their registered address. These are registered businesses, not who occupies the space.
  • Wholesale and retail trade
    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.

15

Frequently asked questions about 34,34a,34b Keong Saik Road

Where is 34,34A,34B Keong Saik Road?⌄

34,34A,34B Keong Saik Road is at 34,34A,34B Keong Saik Road, Singapore 089141, in the Outram planning area.

What is 34,34A,34B Keong Saik Road zoned as?⌄

34,34A,34B Keong Saik Road sits on land zoned commercial under the URA Master Plan.

What is the tenure of 34,34A,34B Keong Saik Road?⌄

34,34A,34B Keong Saik Road is freehold.

Is 34,34A,34B Keong Saik Road a conserved property?⌄

Yes. 34,34A,34B Keong Saik Road falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 34,34A,34B Keong Saik Road sold for?⌄

Across 2 recorded transactions, the median price is S$11,076 psf. The latest was in July 2023.

What is the nearest MRT station to 34,34A,34B Keong Saik Road?⌄

Maxwell MRT is the closest, 243 m away (about a 4-minute walk).

For agents · in the PropKaki app

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