CommercialCOMMERCIALConservationFreeholdDistrict 2 · Outram

Bukit Pasoh Conservation Area

Reviewed by Nathan TangUpdated 8 November 2026Data through Mar 2014
Quick Summary

Bukit Pasoh Conservation Area is a commercial building in District 2 · Outram, on land zoned COMMERCIAL under the URA Master Plan. It is freehold. 4 transactions are on record since 1995, most recently in Mar 2014. 1 unit is currently listed for sale. ACRA records 11 live company registrations at this address.

1

What are the key facts about Bukit Pasoh Conservation Area?

Key takeawayBukit Pasoh Conservation Area is a commercial building in District 2 · Outram, zoned COMMERCIAL, held freehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
Subject to Evaluation
Tenure
Freehold
District / Area
District 2 · Outram
Address
23 Teo Hong Road
Land area
—
Completed
Not on record
Storeys
Not on record
Strata units (MCST)
3
Strata formed
1990 (MCST 1507)
Submarket
City Fringe
Listed as
Shop / Shophouse
Transactions on record
4 (records start 1995)
Live listings
1
ACRA registrations
11
2

About Bukit Pasoh Conservation Area

Bukit Pasoh Conservation Area is a commercial conservation area in Outram (District 02). It is located along Teo Hong Road, Singapore 088332.

Under the URA Master Plan it sits on land zoned commercial. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines. It lies inside the Central Area.

The site is freehold.

4 transactions have been recorded here, at a median of S$1,421 psf. The most recent was in March 2014.

14 businesses are currently registered at this address with ACRA.

The nearest MRT is Outram Park MRT, 255 m away (about a 4-minute walk). The closest bus stop (Outram Pk Stn Exit 4) is 75 m away (about a 1-minute walk).

3

What is Bukit Pasoh Conservation Area zoned as?

Key takeawayBukit Pasoh Conservation Area sits on land zoned COMMERCIAL, with conservation status, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
Subject to Evaluation
Conservation area
Chinatown (Bukit Pasoh)
Conserved building
Yes
Urban design area
Udga
Central Area
Yes

URA has not published a fixed plot ratio for this site — the Master Plan records "EVA" (Subject to Evaluation), meaning intensity is decided case by case on application. Do not quote a plot ratio, and do not compute buildable GFA from it.

Run the full zoning report for this building →

4

What has Bukit Pasoh Conservation Area sold for?

Key takeaway4 transactions are on record since 1995, most recently in Mar 2014 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Mar 2014Shop HouseS$3.75M1,464 sqft$2,562
Aug 2012Shop HouseS$2.75M1,464 sqft$1,879
Nov 2005Shop HouseS$1.00M1,464 sqft$683
Sept 1995Shop HouseS$1.41M1,464 sqft$963

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 Bukit Pasoh Conservation Area rent for?

Key takeawayNo street- or building-level rent is published here. Across District 2 retail, retail space rented at a median of $8.70 psf a month in 2026Q3, with the middle half of leases between $7.84 and $9.99. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 2 retail

Region band · 2026Q3
25th pct
$7.84
$84.37 psm
Median
$8.70
$93.65 psm
75th pct
$9.99
$107.51 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 2 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 Bukit Pasoh Conservation Area

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.

7

How fast units move at Bukit Pasoh Conservation Area

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit 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.

8

What's been approved at Bukit Pasoh Conservation Area?

Key takeawayURA has approved 7 changes of use at Bukit Pasoh Conservation Area since 2000, most recently in 2019. 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

No new bars, pubs, nightclubs or karaoke lounges (a Historic Conservation Area).

Per URA's Use of Buildings in Conservation Areas. 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.

  1. 7 Aug 2019Approved
    Change of use to shop

    Change of use at the 1st storey unit of the 3-storey building ts05 on lot 00332v at 23 teo hong road to shop (hairdressing salon) (chinatown (bukit pasoh) conservation area)

  2. 15 Sept 2017Renewed
    Continued use as fitness centre

    Continued use at the 1st storey unit of the 3-storey building ts05 on lot 00332v at 23 teo hong road as fitness centre (chinatown (bukit pasoh) conservation area)

  3. 10 Oct 2016Renewed
    Continued use as fitness centre

    Continued use at the 1st storey unit of the 3-storey building ts05 on lot 00332v at 23 teo hong road as fitness centre (chinatown (bukit pasoh) conservation area)

  4. 17 Sept 2015Approved
    Change of use to fitness centre

    Change of use at the 1st storey unit of the 3-storey building ts05 on lot 00332v at 23 teo hong road to fitness centre (chinatown (bukit pasoh) conservation area)

  5. 7 Jul 2011Approved
    Change of use to caf�

    Change of use of the 1st storey unit of the 3-storey building ts05 on lot 00332v at 23 teo hong road to caf� (chinatown (bukit pasoh) conservation area)

  6. 10 Mar 2010Renewed
    Continued use as nightclub

    Continued use of the 1st storey as nightclub on lot 00332v pt ts05 at 23 teo hong road (chinatown (tanjong pagar))

  7. 30 Jun 2009Approved
    Change of use: bar or pub → night club

    Change of use of the 1st-storey of the 3-storey building from bar or pub to night club on lot 00332v ts05 at 23 teo hong road (chinatown (bukit pasoh))

  8. 12 Mar 2009Renewed
    Continued use as pub

    Continued use of 1st storey unit 23 teo hong road as pub on lot 00332v ts05 23 , teo hong road (chinatown (tanjong pagar))

  9. 29 Feb 2008Renewed
    Continued use as pub

    Continued use of unit 23, teo hong road as pub on lot 00023a ts05 at 23 teo hong road (chinatown (bukit pasoh))

  10. 27 Mar 2007Approved
    Change of use: commercial school → pub chinatown

    Proposed change of use on 1st storey from commercial school to pub chinatown (bukit pasoh conservation area)

  11. 23 Mar 2006Approved
    Change of use: clinic → commercial school

    Proposed change of use at 1st storey from clinic to commercial school

  12. 10 Nov 2005Approved
    Change of use: dressmaking institute → clinic

    Proposed change of use from dressmaking institute to clinic (dialysis) at 1st storey and use of 2nd, 3rd storey and attic floor as office.

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).

9

What do commercial rents run near Bukit Pasoh Conservation Area?

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

Indicative area yield — District 2 retail

Gross yield (area)
3.8%
3.4% net of property tax
Rent side (median of bands)
$93.65 psm/mo
2026Q3
Price side (strata, 5y)
$2,752 psf
14 sales

An INDICATIVE AREA yield for District 2 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 2 ($ psm/month, 2026Q3)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$92.88$96.94$102.26
Level 1 · 30 & Below$110.68$117.65$134.18
Level 1 · >30 - 100$80.88$88.43$172.22
Level 2 & 3 · >30 - 100$86.12$91.49$91.50
B1 & Below · >30 - 100$247.81$267.74$283.87
Level 4 & Above · >30 - 100$80.14$84.93$88.40
Level 2 & 3 · >100 - 300$82.62$95.80$112.75
Level 1 · >100 - 300$28.40$52.68$96.53

Office rents — Central Area ($ psm/month, 2026Q3)

Building class · size band25th pctMedian75th pct
Category 2 · 100 & Below$54.65$69.39$88.80
Category 1 · 100 & Below$103.62$122.24$132.43
Category 1 · >100 - 200$116.28$126.99$148.35
Category 2 · >100 - 200$65.57$82.87$97.63
Category 1 · >200 - 500$114.67$128.09$145.77
Category 2 · >200 - 500$64.83$82.57$94.73
Category 1 · >500 - 1000$106.56$137.78$148.23
Category 2 · >500 - 1000$85.04$89.34$109.80

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.

10

What is available at Bukit Pasoh Conservation Area right now?

Key takeaway1 unit is currently listed at Bukit Pasoh Conservation Area. One row per unit; several agents often market the same unit.

For sale (1)

  • *Teo Hong Road Shophouse* 3.5 Storey-Freehold-Renovated & Tenanted-No ABSDS$28.00M · 4,631 sqft

Browse every listing at this building →

11

What is near Bukit Pasoh Conservation Area?

Key takeawayThe nearest MRT/LRT is Outram Park MRT, about 255 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Hotel · 23 mOutram Park MRT Exit 4 · 63 mOutram Pk Stn Exit 4 · 75 mDuxton Plain Pk · 157 mPlace Of Worship · 164 mLee Clinic & Surgery · 210 mOutram Polyclinic · 276 mKreta Ayer Community Club · 289 mEducational Institution · 362 mSingapore General Hospital · 602 m

Competing premises nearby

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

Wan Siew Yoong · 319 mChinatown Complex Market & Hawker Centre · 382 m100 Am · 625 m

Straight-line distances. Source: PropKaki amenities data.

12

Getting there and parking at Bukit Pasoh Conservation Area

Key takeawayThe nearest station is Outram Park (EW16 / NE3 / TE17), 62 m away — a busy station, with about 78,000 taps in and out on an average weekday. 36 public car parks are within 500 m.
Foot traffic: busier than 97% of retail buildings

nearest MRT/LRT Outram Park (EW16/NE3/TE17) 62 m, about 78,000 taps a weekday; 7 more stations within 1 km; bus stops within 400 m: 16, about 33,000 taps a weekday; Outram: 38,402 resident workers (Census 2020, by workplace); about 27,000 residents within 1 km (June 2026); 4 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

  • Outram Park (EW16 / NE3 / TE17)62 m · about 78,000 weekday taps
  • Maxwell (TE18)237 m · about 23,000 weekday taps
  • Chinatown (NE4 / DT19)543 m · about 97,000 weekday taps
  • Tanjong Pagar (EW15)588 m · about 85,000 weekday taps
  • Cantonment (CC31)737 m · 3,987 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 Bukit Pasoh Conservation Area. Transfers between lines don't tap, so interchanges read low.

Bus

16 bus stops within 400 m, with about 33,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Teo Hong Rd (URA)22 m
    S$1.20 per half-hour at midday on a weekday · 14 car lots
  • Keong Saik Rd (URA)85 m
    S$1.20 per half-hour at midday on a weekday · 68 car lots
  • Teo Hong Rd - New Brid Ge Rd Off St (URA)87 m
    S$1.20 per half-hour at midday on a weekday · 31 car lots
  • Backlane (Keong Saik R D) (URA)92 m
  • Bukit Pasoh Rd (URA)100 m
    S$1.20 per half-hour at midday on a weekday · 35 car lots

Nearest URA season parking: Blair Road-Everton Roa D Area, 569 m away, S$80/month.

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

13

Who's registered at Bukit Pasoh Conservation Area?

Key takeaway11 live companies (and LLPs and branches; sole proprietors are not counted) list Bukit Pasoh Conservation Area as their registered address. These are registered businesses, not who occupies the space.
  • Professional, scientific and technical services
    5
  • Information and communications
    2
  • Wholesale and retail trade
    1
  • Administrative and support services
    1
  • Financial and insurance
    1
  • Other services
    1
  • Manufacturing
    0
  • Transportation and storage
    0
  • Construction
    0
  • Accommodation and food 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.

14

Frequently asked questions about Bukit Pasoh Conservation Area

Where is Bukit Pasoh Conservation Area?⌄

Bukit Pasoh Conservation Area is at 23 Teo Hong Road, Singapore 088332, in the Outram planning area.

What is Bukit Pasoh Conservation Area zoned as?⌄

Bukit Pasoh Conservation Area sits on land zoned commercial under the URA Master Plan.

What is the tenure of Bukit Pasoh Conservation Area?⌄

Bukit Pasoh Conservation Area is freehold.

Is Bukit Pasoh Conservation Area a conserved property?⌄

Yes. Bukit Pasoh Conservation Area falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at Bukit Pasoh Conservation Area sold for?⌄

Across 4 recorded transactions, the median price is S$1,421 psf. The latest was in March 2014.

What is the nearest MRT station to Bukit Pasoh Conservation Area?⌄

Outram Park MRT is the closest, 255 m away (about a 4-minute walk).

How many businesses are registered at Bukit Pasoh Conservation Area?⌄

14 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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