CommercialCOMMERCIAL & RESIDENTIALDistrict 19 · Hougang

965 Upper Serangoon Road

Reviewed by Nathan TangUpdated 8 November 2026Data through Jan 1998
Quick Summary

965 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. 1 transaction is on record since 1995, most recently in Jan 1998. ACRA records 2 live company registrations at this address.

1

What are the key facts about 965 Upper Serangoon Road?

Key takeaway965 Upper Serangoon Road is a commercial building in District 19 · Hougang, zoned COMMERCIAL & RESIDENTIAL.
Asset class
Commercial
Land-use zone
COMMERCIAL & RESIDENTIAL
Gross plot ratio
3.0
Tenure
Not on record
District / Area
District 19 · Hougang
Address
965 Upper Serangoon Road
Land area
—
Completed
Not on record
Storeys
Not on record
Submarket
Suburban
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
2
2

About 965 Upper Serangoon Road

965 Upper Serangoon Road is a commercial property in Hougang (District 19). It is located along Upper Serangoon Road, Singapore 534721.

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

1 transaction has been recorded here, at a median of S$622 psf. The most recent was in January 1998.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Kovan MRT, 260 m away (about a 4-minute walk). The closest bus stop (Glad Tidings Ch) is 103 m away (about a 2-minute walk).

3

What is 965 Upper Serangoon Road zoned as?

Key takeaway965 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 965 Upper Serangoon Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jan 1998 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jan 1998Shop HouseS$2.20M3,538 sqft$622

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

5

What does space at 965 Upper Serangoon Road rent for?

Key takeawayNo rent is published for 965 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).

6

Market context around 965 Upper Serangoon Road

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.
CBRE, 2Q 2026
  • Suburban: Rent S$32.95 psf/mth
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026
  • Suburban: Rent S$33.36 psf/mth · Vacancy 5.7% (1Q 2026) · Planned / under construction 1.53m 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.

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 965 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

What is near 965 Upper Serangoon Road?

Key takeawayThe nearest MRT/LRT is Kovan MRT, about 260 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

DR+ Medical & Paincare Hougang · 73 mPlace Of Worship · 90 mGlad Tidings Ch · 103 mEducational Institution · 240 mKovan MRT Exit C · 247 mPaya Lebar Kovan Community Club · 480 mHougang Polyclinic · 928 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 · 310 mCold Storage Singapore (1983) Pte Ltd · 310 mKovan Market & Food Centre · 321 m

Straight-line distances. Source: PropKaki amenities data.

10

Getting there and parking at 965 Upper Serangoon Road

Key takeawayThe nearest station is Kovan (NE13), 247 m away — a busy station, with about 48,000 taps in and out on an average weekday. 12 public car parks are within 500 m.
Foot traffic: busier than 60% of retail buildings

nearest MRT/LRT Kovan (NE13) 247 m, about 48,000 taps a weekday; bus stops within 400 m: 8, about 31,000 taps a weekday; Hougang: 43,772 resident workers (Census 2020, by workplace); about 56,000 residents within 1 km (June 2026); 1 other mall 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

  • Kovan (NE13)247 m · about 48,000 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 965 Upper Serangoon Road. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with about 31,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Simon Rd Service Rd (URA)95 m
    S$0.60 per half-hour at midday on a weekday · 10 car lots
  • Upp Serangoon Rd (URA)205 m
    S$0.60 per half-hour at midday on a weekday · 13 car lots
  • Blk 211-212 Hougang Street 21 (HDB)291 m
    S$0.60 per half-hour at midday on a weekday · gantry 9.99 m · 73 car lots
  • Blk 208-210 Hougang Street 21 (HDB)327 m
    S$0.60 per half-hour at midday on a weekday · gantry 9.99 m · 123 car lots
  • Blk 373A Hougang Street 31 (HDB)379 m
    S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 1,020 car lots

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

Nearest URA season parking: Simon Road-Kovan Road Area, 1.2 km away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. 965 Upper Serangoon Road's own car park, if it has one, and its charges are not in the open data.

11

How many companies are registered at 965 Upper Serangoon Road?

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

12

Frequently asked questions about 965 Upper Serangoon Road

Where is 965 Upper Serangoon Road?⌄

965 Upper Serangoon Road is at 965 Upper Serangoon Road, Singapore 534721, in the Hougang planning area.

What is 965 Upper Serangoon Road zoned as?⌄

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

What have units at 965 Upper Serangoon Road sold for?⌄

Across 1 recorded transaction, the median price is S$622 psf. The latest was in January 1998.

What is the nearest MRT station to 965 Upper Serangoon Road?⌄

Kovan MRT is the closest, 260 m away (about a 4-minute walk).

How many businesses are registered at 965 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.

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