CommercialCOMMERCIAL & RESIDENTIALFreeholdDistrict 19 · Hougang

941 Upper Serangoon Road

Reviewed by Nathan TangUpdated 10 August 2026Data through Sept 2011
Quick Summary

941 Upper Serangoon Road is a commercial building in District 19 · Hougang, on land zoned COMMERCIAL & RESIDENTIAL under the URA Master Plan with a gross plot ratio of 3.0. It is freehold. 2 transactions are on record since 1995, most recently in Sept 2011. ACRA records 5 live company registrations at this address.

1

What are the key facts about 941 Upper Serangoon Road?

Key takeaway941 Upper Serangoon Road is a commercial building in District 19 · Hougang, zoned COMMERCIAL & RESIDENTIAL, held freehold.
Asset class
Commercial
Land-use zone
COMMERCIAL & RESIDENTIAL
Gross plot ratio
3.0
Tenure
Freehold
District / Area
District 19 · Hougang
Address
941 Upper Serangoon Road
Land area
Transactions on record
2 (records start 1995)
Live listings
None
ACRA registrations
5
2

About 941 Upper Serangoon Road

941 Upper Serangoon Road is a commercial property in Hougang (District 19). It is located along Upper Serangoon Road, Singapore 534709.

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

The site is freehold.

2 transactions have been recorded here, at a median of S$1,725 psf. The most recent was in September 2011.

5 businesses are currently registered at this address with ACRA.

The nearest MRT is Kovan MRT, 177 m away (about a 3-minute walk). The closest bus stop (Aft Hougang Ave 1) is 126 m away (about a 2-minute walk).

3

What is 941 Upper Serangoon Road zoned as?

Key takeaway941 Upper Serangoon Road sits on land zoned COMMERCIAL & RESIDENTIAL with a gross plot ratio of 3.0.
Land-use zone
COMMERCIAL & RESIDENTIAL
Gross plot ratio
3.0

Run the full zoning report for this building →

4

What has 941 Upper Serangoon Road sold for?

Key takeaway2 transactions are on record since 1995, most recently in Sept 2011 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Sept 2011Shop HouseS$2.90M1,536 sqft$1,888
Sept 2011Shop HouseS$2.40M1,536 sqft$1,562

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 941 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 941 Upper Serangoon Road?

Key takeawayThe nearest MRT/LRT is Kovan MRT, about 177 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Simon Road Family Clinic · 44 mAft Hougang Ave 1 · 126 mPlace Of Worship · 165 mKovan MRT Exit C · 168 mEducational Institution · 312 mPaya Lebar Kovan Community Club · 422 mRichards Ave Pk · 445 m

Competing premises nearby

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

Heartland Mall Kovan · 230 mCold Storage Singapore (1983) Pte Ltd · 230 mKovan Market & Food Centre · 256 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at 941 Upper Serangoon Road?

Key takeawayACRA records 5 live company registrations at this address, 1 of them in the last three years.
Live registrations
5
Registered last 3 years
1
Most common type
Sole Proprietorship/ Partnership

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 941 Upper Serangoon Road

Where is 941 Upper Serangoon Road?

941 Upper Serangoon Road is at 941 Upper Serangoon Road, Singapore 534709, in the Hougang planning area.

What is 941 Upper Serangoon Road zoned as?

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

What is the tenure of 941 Upper Serangoon Road?

941 Upper Serangoon Road is freehold.

What have units at 941 Upper Serangoon Road sold for?

Across 2 recorded transactions, the median price is S$1,725 psf. The latest was in September 2011.

What is the nearest MRT station to 941 Upper Serangoon Road?

Kovan MRT is the closest, 177 m away (about a 3-minute walk).

How many businesses are registered at 941 Upper Serangoon Road?

5 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.

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