CommercialRESIDENTIAL WITH COMMERCIAL AT 1ST STOREYConservationFreeholdDistrict 15 · Geylang

48 Joo Chiat Place

Reviewed by Nathan TangUpdated 8 November 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.

The facts are here — now get the verdict on 48 Joo Chiat Place.

Ask PropKaki

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: —
Completed: Not on record
Storeys: 1 (© OpenStreetMap contributors)
Submarket: City Fringe
Listed as: Shop / Shophouse
Transactions on record: 3 (records start 1995)
Live listings: 2
ACRA registrations: 1

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).

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 →

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.

Date	Use	Price	Area	PSF
Oct 2021	Shop House	S$3.10M	1,494 sqft	$2,075
Jul 2007	Shop House	S$1.10M	1,494 sqft	$736
Dec 2004	Shop House	S$580k	1,494 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. sqm ↔ sq ft converter

What does space at 48 Joo Chiat Place rent for?

Key takeawayNo street- or building-level rent is published here. Across District 15 retail, retail space rented at a median of $9.14 psf a month in 2026Q3, with the middle half of leases between $7.55 and $14.01. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 15 retail

Region band · 2026Q3

25th pct

$7.55

$81.29 psm

Median

$9.14

$98.41 psm

75th pct

$14.01

$150.81 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 15 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).

Market context around 48 Joo Chiat Place

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.

How fast units move at 48 Joo Chiat Place

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

Sale: between 6 Aug 2026 and 28 Aug 2026, 0 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.

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

What's been approved at 48 Joo Chiat Place?

Key takeawayURA has approved 2 changes of use at 48 Joo Chiat Place since 2000, most recently in 2024. 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

URA does not approve new eating houses (restaurants, coffee shops, cafes) here; an existing one's permission may be renewed.

Per URA circular DC23-08, Appendix A (2 Oct 2023: no new eating houses in shophouses on listed stretches). 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.

2 Jul 2026Renewed
Continued use as gym/fitness centre
Continued use of 1st storey unit as gym/fitness centre
16 Aug 2024Approved
Change of use to gym/fitness centre
Proposed change of use of 1st storey unit to gym/fitness centre
13 Feb 2024Approved
Additions & alterations
Proposed additions & alterations of existing single storey building with new mezzanine
17 Nov 2020Approved
Change of use to pet shop
Proposed change of use of single storey shop to pet shop

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).

How does Joo Chiat Place price?

Strata sales on the street (5y)

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.

What do commercial rents run near 48 Joo Chiat Place?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 15 retail

Gross yield (area)

3.7%

3.3% net of property tax

Rent side (median of bands)

$98.41 psm/mo

2026Q3

Price side (strata, 5y)

$2,956 psf

85 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, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
B1 & Below · 30 & Below	$121.08	$139.73	$241.82
Level 1 · 30 & Below	$69.23	$85.38	$86.21
Level 2 & 3 · 30 & Below	$47.87	$67.50	$87.18
Level 1 · >30 - 100	$73.94	$87.91	$101.01
Level 2 & 3 · >30 - 100	$57.08	$76.47	$184.13
B1 & Below · >30 - 100	$88.64	$163.41	$259.82
Level 2 & 3 · >100 - 300	$93.30	$107.29	$126.41
Level 1 · >100 - 300	$69.67	$89.53	$113.56

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.

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 Place2 agentsS$6.80M · 1,992 sqft
Joo Chiat PlaceS$6.59M · 1,990 sqft

Browse every listing at this building →

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

Eunos MRT743 m · ~12 min

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.

Getting there and parking at 48 Joo Chiat Place

Key takeawayThe nearest station is Eunos (EW7), 703 m away — a moderately busy station, with about 31,000 taps in and out on an average weekday. 31 public car parks are within 500 m.

Foot traffic: busier than 9% of retail buildings

nearest MRT/LRT Eunos (EW7) 703 m, about 31,000 taps a weekday; bus stops within 400 m: 6, about 2,854 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 36,000 residents within 1 km (June 2026); 3 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

Eunos (EW7)703 m · about 31,000 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 48 Joo Chiat Place. Transfers between lines don't tap, so interchanges read low.

Bus

6 bus stops within 400 m, with 2,854 boardings and alightings on an average weekday.

Public car parks within 500 m

Tembeling Rd Off St (URA)87 m
S$0.60 per half-hour at midday on a weekday · 200 car lots
Everitt Rd (URA)104 m
S$0.60 per half-hour at midday on a weekday · 19 car lots
Joo Chiat Lane (URA)159 m
S$0.60 per half-hour at midday on a weekday · 10 car lots
Joo Chiat Place (URA)165 m
S$0.60 per half-hour at midday on a weekday · 48 car lots
Langsat Rd (URA)196 m
S$0.60 per half-hour at midday on a weekday · 5 car lots

Nearest URA season parking: Tanjong Katong Rd Off St, 937 m away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. 48 Joo Chiat Place's own car park, if it has one, and its charges are not in the open data.

Who's registered at 48 Joo Chiat Place?

Key takeaway1 live company (and LLPs and branches; sole proprietors are not counted) list 48 Joo Chiat Place as their registered address. These are registered businesses, not who occupies the space.

Arts, entertainment and recreation
1
Administrative and support services
0
Other 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.

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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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

F&B / nightlife: per URA circular DC23-08, Appendix A (2 Oct 2023: no new eating houses in shophouses on listed stretches). A planning guideline, not a decision on any unit.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from PropKaki's submarket map, URA planning decisions, URA circular DC23-08 (2 Oct 2023), URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.