CommercialFreeholdDistrict 19 · Serangoon

490 Upper Serangoon Road

Reviewed by Nathan TangUpdated 8 November 2026Data through Jul 2010
Quick Summary

490 Upper Serangoon Road is a commercial building in District 19 · Serangoon. It is freehold. 1 transaction is on record since 1995, most recently in Jul 2010. ACRA records 0 live company registrations at this address.

1

What are the key facts about 490 Upper Serangoon Road?

Key takeaway490 Upper Serangoon Road is a commercial building in District 19 · Serangoon, held freehold.
Asset class
Commercial
Land-use zone
Not on record
Gross plot ratio
—
Tenure
Freehold
District / Area
District 19 · Serangoon
Address
490 Upper Serangoon Road
Land area
—
Completed
Not on record
Storeys
Not on record
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
0
2

About 490 Upper Serangoon Road

490 Upper Serangoon Road is a commercial property in Serangoon (District 19). It is located along Upper Serangoon Road, Singapore 534520.

The site is freehold.

1 transaction has been recorded here, at a median of S$1,153 psf. The most recent was in July 2010.

3

What has 490 Upper Serangoon Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jul 2010 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jul 2010Shop HouseS$10.57M9,167 sqft$1,153

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

4

What does space at 490 Upper Serangoon Road rent for?

Key takeawayNo rent is published for 490 Upper Serangoon Road itself. On its street, Upper Serangoon Road, retail space rented at a median of $7.78 psf a month in 2026Q3, with the middle half of leases between $4.87 and $9.96. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Upper Serangoon Road

Street level · 2026Q3
25th pct
$4.87
$52.47 psm
Median
$7.78
$83.77 psm
75th pct
$9.96
$107.18 psm

S$ per sq ft per month · median +12.1% on a year earlier

2023Q4 · $116.13 psm2026Q3 · $83.77 psm median

URA's percentiles of RETAIL rents (shop, F&B, entertainment, health & fitness) across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. Retail rent swings with floor and frontage, so the spread matters as much as the median. A median needs at least 2 buildings and 3 contracts (percentiles need 4); a blank means below that threshold, not zero.

Source: URA rental statistics by street (IRAS-stamped contracts).

Office space on Upper Serangoon Road

Street level · 2026Q3
25th pct
$3.60
$38.75 psm
Median
$3.76
$40.50 psm
75th pct
$4.16
$44.80 psm

S$ per sq ft per month · median -41.1% on a year earlier

2022Q4 · $29.52 psm2026Q3 · $40.50 psm median

URA's percentiles of OFFICE rents across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. URA publishes a median only where the street has at least 2 office buildings and 3 contracts that quarter (percentiles need 4); a blank means below that threshold, not zero.

Source: URA rental statistics by street (IRAS-stamped contracts).

Retail space — District 19 retail

Region band · 2026Q3
25th pct
$9.19
$98.95 psm
Median
$12.67
$136.43 psm
75th pct
$20.61
$221.82 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 19 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).

5

Market context around 490 Upper Serangoon Road

Key takeawayBrokers' retail figures for Singapore as a whole — 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 (island-wide)
  • Singapore total: Rent S$30.38 psf/mth · Vacancy 6.3% (1Q 2026) · Planned / under construction 2.38m 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.

6

What's been approved at 490 Upper Serangoon Road?

Key takeawayURA's planning decisions at 490 Upper Serangoon Road since 2000 are below. 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.
  1. 17 May 2000Approved
    Additions & alterations

    Proposed alterations and additions to the existing single-storey terrace 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).

7

How does Upper Serangoon Road price?

Key takeawayAcross 23 strata sales on Upper Serangoon Road in the last 5 years, the median is $2,071 psf.
Strata sales on the street (5y)
23
Street median PSF (strata)
$2,071

Street figures cover strata deals only — land and strata PSF are not comparable.

8

What do commercial rents run near 490 Upper Serangoon 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 19 retail

Gross yield (area)
6.9%
6.2% net of property tax
Rent side (median of bands)
$136.43 psm/mo
2026Q3
Price side (strata, 5y)
$2,212 psf
70 sales

An INDICATIVE AREA yield for District 19 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 19 ($ psm/month, 2026Q3)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$63.64$104.00$295.24
B1 & Below · 30 & Below$63.48$71.43$209.95
Level 2 & 3 · 30 & Below$54.03$66.41$81.37
B1 & Below · >30 - 100$225.40$251.63$339.38
Level 2 & 3 · >30 - 100$201.18$241.17$307.68
Level 1 · >30 - 100$98.95$138.38$262.23
Level 2 & 3 · >100 - 300$201.65$214.77$221.82
B1 & Below · >100 - 300$196.03$234.00$280.07

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.

9

How many companies are registered at 490 Upper Serangoon 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.

10

Frequently asked questions about 490 Upper Serangoon Road

Where is 490 Upper Serangoon Road?⌄

490 Upper Serangoon Road is at 490 Upper Serangoon Road, Singapore 534520, in the Serangoon planning area.

What is the tenure of 490 Upper Serangoon Road?⌄

490 Upper Serangoon Road is freehold.

What have units at 490 Upper Serangoon Road sold for?⌄

Across 1 recorded transaction, the median price is S$1,153 psf. The latest was in July 2010.

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