CommercialRESIDENTIALFreeholdDistrict 19 · Serangoon

534 Upper Serangoon Road

Reviewed by Nathan TangUpdated 10 August 2026Data through Nov 2020
Quick Summary

534 Upper Serangoon Road is a commercial building in District 19 · Serangoon, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 3.0. It is freehold. 4 transactions are on record since 1995, most recently in Nov 2020. ACRA records 2 live company registrations at this address.

1

What are the key facts about 534 Upper Serangoon Road?

Key takeaway534 Upper Serangoon Road is a commercial building in District 19 · Serangoon, zoned RESIDENTIAL, held freehold.
Asset class
Commercial
Land-use zone
RESIDENTIAL
Gross plot ratio
3.0
Tenure
Freehold
District / Area
District 19 · Serangoon
Address
534 Upper Serangoon Road
Land area
Transactions on record
4 (records start 1995)
Live listings
None
ACRA registrations
2
2

About 534 Upper Serangoon Road

534 Upper Serangoon Road is a mixed-use property in Serangoon (District 19). It is located along Upper Serangoon Road, Singapore 534549.

Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 3.

The site is freehold.

4 transactions have been recorded here, at a median of S$942 psf. The most recent was in November 2020.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Serangoon MRT, 544 m away (about a 8-minute walk). The closest bus stop (Aft Wolskel Rd) is 105 m away (about a 2-minute walk).

3

What is 534 Upper Serangoon Road zoned as?

Key takeaway534 Upper Serangoon Road sits on land zoned RESIDENTIAL with a gross plot ratio of 3.0.
Land-use zone
RESIDENTIAL
Gross plot ratio
3.0

Run the full zoning report for this building →

4

What has 534 Upper Serangoon Road sold for?

Key takeaway4 transactions are on record since 1995, most recently in Nov 2020 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Nov 2020Shop HouseS$2.28M1,569 sqft$1,451
Dec 2012Shop HouseS$2.80M1,569 sqft$1,784
Sept 2006Shop HouseS$680k1,569 sqft$433
May 2006Shop HouseS$600k1,569 sqft$382

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 Upper Serangoon Road price?

Key takeawayAcross 24 strata sales on Upper Serangoon Road in the last 5 years, the median is $2,071 psf.
Strata sales on the street (5y)
24
Street median PSF (strata)
$2,071

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

6

What do commercial rents run near 534 Upper Serangoon Road?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 19 retail

Gross yield (area)
10.3%
9.3% net of property tax
Rent side (median of bands)
$203.46 psm/mo
2026Q2
Price side (strata, 5y)
$2,200 psf
71 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, 2026Q2)

Floor level · size band25th pctMedian75th pct
B1 & Below · 30 & Below$63.18$70.59$323.45
Level 2 & 3 · 30 & Below$44.44$66.00$73.08
Level 1 · 30 & Below$65.69$92.24$377.30
Level 2 & 3 · >30 - 100$147.73$234.51$281.12
Level 1 · >30 - 100$107.69$250.70$306.57
B1 & Below · >30 - 100$257.47$297.67$372.67
Level 2 & 3 · >100 - 300$109.91$140.32$169.42
Level 1 · >100 - 300$183.40$220.71$251.55

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 near 534 Upper Serangoon Road?

Key takeawayThe nearest MRT/LRT is Serangoon MRT, about 544 m away — and 2 competing retail premisess operate nearby.

Getting around

Amenities nearby

Aft Wolskel Rd · 105 mPlace Of Worship · 158 mEducational Institution · 264 mBidadari Park Hillock · 474 mSerangoon MRT Exit A · 478 mBraddell Heights Community Club · 660 m

Competing premises nearby

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

Nex · 549 mWoodleigh Village Hawker Centre · 679 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at 534 Upper Serangoon Road?

Key takeawayACRA records 2 live company registrations at this address.
Live registrations
2
Registered last 3 years
0
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.

9

Frequently asked questions about 534 Upper Serangoon Road

Where is 534 Upper Serangoon Road?

534 Upper Serangoon Road is at 534 Upper Serangoon Road, Singapore 534549, in the Serangoon planning area.

What is 534 Upper Serangoon Road zoned as?

534 Upper Serangoon Road sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of 534 Upper Serangoon Road?

534 Upper Serangoon Road is freehold.

What have units at 534 Upper Serangoon Road sold for?

Across 4 recorded transactions, the median price is S$942 psf. The latest was in November 2020.

What is the nearest MRT station to 534 Upper Serangoon Road?

Serangoon MRT is the closest, 544 m away (about a 8-minute walk).

How many businesses are registered at 534 Upper Serangoon Road?

2 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.

For agents · in the PropKaki app

The facts are here — now get the verdict on 534 Upper Serangoon Road.

Ask what a unit here would fetch, what the zone allows, or how it compares.

PropKaki
Tell me about 534 Upper Serangoon Road — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…
Chat on WhatsApp