CommercialRESIDENTIAL WITH COMMERCIAL AT 1ST STOREYConservationFreeholdDistrict 15 · Geylang

48 Joo Chiat Place

Reviewed by Nathan TangUpdated 10 August 2026Data through Oct 2021
Quick Summary

48 Joo Chiat Place is a commercial building in District 15 · Geylang, on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY under the URA Master Plan with a gross plot ratio of 3.0. It is freehold. 3 transactions are on record since 1995, most recently in Oct 2021. 2 units are currently listed for sale. ACRA records 1 live company registration at this address.

1

What are the key facts about 48 Joo Chiat Place?

Key takeaway48 Joo Chiat Place is a commercial building in District 15 · Geylang, zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY, held freehold.
Asset class
Commercial
Land-use zone
RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio
3.0
Tenure
Freehold
District / Area
District 15 · Geylang
Address
48 Joo Chiat Place
Land area
Transactions on record
3 (records start 1995)
Live listings
2
ACRA registrations
1
2

About 48 Joo Chiat Place

48 Joo Chiat Place is a commercial property in Geylang (District 15). It is located along Joo Chiat Place, Singapore 427772.

Under the URA Master Plan it sits on land zoned residential with commercial at 1st storey 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.

3 transactions have been recorded here, at a median of S$736 psf. The most recent was in October 2021.

1 business is currently registered at this address with ACRA.

The nearest MRT is Eunos MRT, 742 m away (about a 12-minute walk). The closest bus stop (Bef Joo Chiat Pl) is 63 m away (about a 1-minute walk).

3

What is 48 Joo Chiat Place zoned as?

Key takeaway48 Joo Chiat Place sits on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY with a gross plot ratio of 3.0, with conservation status.
Land-use zone
RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio
3.0
Conservation area
Joo Chiat

Run the full zoning report for this building →

4

What has 48 Joo Chiat Place sold for?

Key takeaway3 transactions are on record since 1995, most recently in Oct 2021 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Oct 2021Shop HouseS$3.10M1,494 sqft$2,075
Jul 2007Shop HouseS$1.10M1,494 sqft$736
Dec 2004Shop HouseS$580k1,494 sqft$388

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 Place price?

Strata sales on the street (5y)
3

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.

6

What do commercial rents run near 48 Joo Chiat Place?

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 available at 48 Joo Chiat Place right now?

Key takeaway2 units are currently listed at 48 Joo Chiat Place. One row per unit; several agents often market the same unit.

For sale (2)

  • Joo Chiat PlaceS$6.67M · 1,990 sqft
  • 48 Joo Chiat Place, 427772S$6.80M · 1,992 sqft

Browse every listing at this building →

8

What is near 48 Joo Chiat Place?

Key takeawayThe nearest MRT/LRT is Eunos MRT, about 743 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Place Of Worship · 50 mBef Joo Chiat Pl · 63 mJoo Chiat Terrace Pk · 121 mEducational Institution · 123 mGP@Joo Chiat Clinic · 177 mHotel · 187 mKampong Ubi Community Centre · 505 mEunos Polyclinic · 656 mEunos MRT Exit B · 702 mParkway East Hospital · 838 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 · 383 mDunman Food Centre · 440 mKinex · 756 m

Straight-line distances. Source: PropKaki amenities data.

9

How many companies are registered at 48 Joo Chiat Place?

Key takeawayACRA records 1 live company registration at this address, 1 of them in the last three years.
Live registrations
1
Registered last 3 years
1
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.

10

Frequently asked questions about 48 Joo Chiat Place

Where is 48 Joo Chiat Place?

48 Joo Chiat Place is at 48 Joo Chiat Place, Singapore 427772, in the Geylang planning area.

What is 48 Joo Chiat Place zoned as?

48 Joo Chiat Place sits on land zoned residential with commercial at 1st storey under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of 48 Joo Chiat Place?

48 Joo Chiat Place is freehold.

Is 48 Joo Chiat Place a conserved property?

Yes. 48 Joo Chiat Place falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 48 Joo Chiat Place sold for?

Across 3 recorded transactions, the median price is S$736 psf. The latest was in October 2021.

What is the nearest MRT station to 48 Joo Chiat Place?

Eunos MRT is the closest, 742 m away (about a 12-minute walk).

How many businesses are registered at 48 Joo Chiat Place?

1 business is 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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