CommercialHOTELLeaseholdDistrict 3 · Bukit Merah

Concorde Shopping Centre

Reviewed by Nathan TangUpdated 8 November 2026Data through Jun 2026

Quick Summary

Concorde Shopping Centre is a commercial building in District 3 · Bukit Merah, on land zoned HOTEL under the URA Master Plan with a gross plot ratio of 3.8. It is leasehold with roughly 53 years remaining. 185 transactions are on record since 1995, at a median S$979 psf, most recently in Jun 2026. 35 units are currently listed for sale or rent. ACRA records 252 live company registrations at this address.

The facts are here — now get the verdict on Concorde Shopping Centre.

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What are the key facts about Concorde Shopping Centre?

Key takeawayConcorde Shopping Centre is a commercial building in District 3 · Bukit Merah, zoned HOTEL, held leasehold.

Asset class: Commercial
Land-use zone: HOTEL
Gross plot ratio: 3.8
Tenure: Leasehold
District / Area: District 3 · Bukit Merah
Address: 317 Outram Road
Land area: 11,974 sqm
Completed: Not on record
Storeys: 27 (© OpenStreetMap contributors)
Strata units (MCST): 190
Managing agent: SAVILLS PROPERTY MANAGEMENT PTE LTD
Strata formed: 1986 (MCST 1143)
Submarket: City Fringe
Units with a recorded sale: At least 100
Listed as: Other Retail, Office, Shop / Shophouse
Transactions on record: 185 (records start 1995)
Live listings: 35
ACRA registrations: 252

What are the specs at Concorde Shopping Centre?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.

Facilities: car park, drop-off point; Source: CommercialGuru

About Concorde Shopping Centre

Concorde Shopping Centre is a commercial building in Bukit Merah (District 03). It is located along Outram Road, Singapore 169075.

Under the URA Master Plan it sits on land zoned hotel with a gross plot ratio of 3.8.

The site is leasehold, with about 53 years remaining on the lease. It occupies roughly 11,974 sqm of land with about 45,500 sqm of gross floor area.

185 transactions have been recorded here, at a median of S$979 psf. The most recent was in June 2026.

348 businesses are currently registered at this address with ACRA.

The nearest MRT is Havelock MRT, 81 m away (about a 1-minute walk). The closest bus stop (Havelock Stn Exit 5) is 94 m away (about a 2-minute walk).

What is Concorde Shopping Centre zoned as?

Key takeawayConcorde Shopping Centre sits on land zoned HOTEL with a gross plot ratio of 3.8.

Land-use zone: HOTEL
Gross plot ratio: 3.8
Urban design area: Zion Road/ Havelock Road Ud Area

BCA-verified envelope: allowable GFA 45,501 sqm · built 54,042 sqm · headroom -8,541 sqm. This block appears only where BCA has published the actual built floor area — everywhere else, buildable headroom cannot be verified and is deliberately not estimated.

Run the full zoning report for this building →

What has Concorde Shopping Centre sold for?

Key takeawayAcross 185 recorded transactions since 1995, the median price is about S$318k, most recently in Jun 2026.

Date	Use	Price	Area	PSF
Jun 2026	Retail	S$398k	269 sqft	$1,479
Jun 2026	Office	S$672k	312 sqft	$2,151
Nov 2025	Office	S$450k	215 sqft	$2,090
Oct 2025	Office	S$455k	280 sqft	$1,626
Sept 2025	Office	S$299k	194 sqft	$1,543
Aug 2025	Retail	S$1.16M	441 sqft	$2,628
Dec 2024	Office	S$688k	377 sqft	$1,826
Oct 2024	Office	S$400k	226 sqft	$1,770
Oct 2024	Retail	S$675k	388 sqft	$1,742
Jun 2024	Office	S$688k	452 sqft	$1,522

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

What does space at Concorde Shopping Centre rent for?

Key takeawayNo rent is published for Concorde Shopping Centre itself. On its street, Outram Road, office space rented at a median of $4.80 psf a month in 2026Q3, with the middle half of leases between $4.52 and $5.94. That is not this building's own rent, and never a quote for a particular unit.

Office space on Outram Road

Street level · 2026Q3

25th pct

$4.52

$48.68 psm

Median

$4.80

$51.67 psm

75th pct

$5.94

$63.97 psm

S$ per sq ft per month · median -18.7% on a year earlier

2023Q4 · $47.06 psm2026Q3 · $51.67 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 on Outram Road

Street level · 2026Q3

25th pct

$5.94

$63.92 psm

Median

$6.64

$71.43 psm

75th pct

$7.30

$78.55 psm

S$ per sq ft per month · median +22.1% on a year earlier

2023Q1 · $53.57 psm2026Q3 · $71.43 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).

Retail space — District 3 retail

Region band · 2026Q3

25th pct

$7.49

$80.65 psm

Median

$10.49

$112.95 psm

75th pct

$14.10

$151.72 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 3 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).

Market context around Concorde Shopping Centre

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.

How fast units move at Concorde Shopping Centre

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 13 units for rent; 22 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 5 new listings appeared and 3 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 3 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.

What's been approved at Concorde Shopping Centre?

Key takeawayURA has approved 59 changes of use at Concorde Shopping Centre since 2000, most recently in 2024, and refused 8. 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.

24 Sept 2026RenewedFloor 1
Continued use as karaoke lounge
Continued use of unit #01-XX as karaoke lounge
26 Aug 2026RenewedFloor 1
Continued use as discotheque
Continued use of units #01-XX to #01-XX as discotheque
29 May 2026RenewedFloor 1
Continued use as karaoke lounge
Continued use of unit #01-XX as karaoke lounge
15 May 2026RenewedFloor 1
Continued use as karaoke lounge
Continued use of unit #01-XX as karaoke lounge at concorde shopping centre
8 Apr 2026RenewedFloor 2
Continued use as restaurant with live entertainment
Continued use of unit #02-XX as restaurant with live entertainment at concorde shopping centre
5 Mar 2026RenewedFloor 1
Continued use as massage establishment
Continued use of shop unit #01-XX as massage establishment
2 May 2025RefusedFloor B1
Change of use to bar/pub
Proposed change of use of unit #B1-XX to bar/pub
22 Apr 2025RenewedFloor B1
Continued use as karaoke lounge
Continued use of unit #B1-XX as karaoke lounge
15 Apr 2025RenewedFloor 1
Continued use as massage establishment
Continued use of shop unit #01-XX as massage establishment
27 Feb 2025RenewedFloor 1
Continued use as karaoke lounge
Continued use of the 1st storey unit (#01-XX) as karaoke lounge
5 Feb 2025RenewedFloor B1
Continued use as nightclub
Continued use of unit #B1-XX as nightclub
3 Dec 2024RenewedFloor 1
Continued use as massage establishment
Continued use of the 1st storey office (unit #01-XX) as massage establishment

121 earlier change-of-use and A&A decisions are on record since 2000.

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).

How does Outram Road price?

Key takeawayAcross 25 strata sales on Outram Road in the last 5 years, the median is $1,742 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$1,742

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

What do commercial rents run near Concorde Shopping Centre?

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

Indicative area yield — District 3 retail

Gross yield (area)

3.8%

3.4% net of property tax

Rent side (median of bands)

$112.95 psm/mo

2026Q3

Price side (strata, 5y)

$3,294 psf

38 sales

An INDICATIVE AREA yield for District 3 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 3 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$78.10	$94.74	$116.67
Level 1 · 30 & Below	$73.20	$92.12	$107.33
Level 1 · >30 - 100	$83.20	$164.15	$200.48
Level 2 & 3 · >30 - 100	$58.43	$67.44	$75.00
Level 1 · >100 - 300	$226.54	$240.67	$264.22
Level 2 & 3 · >100 - 300	$83.56	$131.15	$186.77

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.

What is available at Concorde Shopping Centre right now?

Key takeaway35 units are currently listed at Concorde Shopping Centre — 22 for sale and 13 for rent. One row per unit; several agents often market the same unit.

For sale (22)

Concorde Shopping Centre2 agentsS$750k · 377 sqft
Concorde Shopping CentreS$789k · 377 sqft
Concorde Shopping CentreS$888k · 441 sqft
Concorde Shopping Centre2 agentsS$732k · 333 sqft

For rent (13)

Concorde Shopping CentreS$2k/mo · 301 sqft
Concorde Shopping CentreS$3k/mo · 330 sqft
Commercial School / Office @ Concorde Shopping CentreS$68k/mo · 12,417 sqft
Concorde Shopping Centre2 agentsS$2k/mo · 419 sqft

Browse every listing at this building →

What is near Concorde Shopping Centre?

Key takeawayThe nearest MRT/LRT is Havelock MRT, about 81 m away — and 3 competing retail premisess operate nearby.

Getting around

Havelock MRT81 m · ~1 min

Amenities nearby

Hotel · 0 mHavelock MRT Exit 5 · 80 mHavelock Stn Exit 5 · 94 mPlace Of Worship · 108 mEducational Institution · 302 mGanges Ave Os · 342 mMedi Clinic · 346 mKim Seng Community Centre · 399 mSingapore General Hospital · 753 mBusiness Park · 899 m

Competing premises nearby

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

Fassler Gourmet Pte Ltd · 497 mTiong Bahru Market · 509 mGreat World · 560 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Concorde Shopping Centre

Key takeawayThe nearest station is Havelock (TE16), 79 m away — a moderately busy station, with about 16,000 taps in and out on an average weekday. 9 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 46% of retail buildings

nearest MRT/LRT Havelock (TE16) 79 m, about 16,000 taps a weekday; 3 more stations within 1 km; bus stops within 400 m: 13, about 16,000 taps a weekday; Bukit Merah: 103,575 resident workers (Census 2020, by workplace); about 49,000 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

Havelock (TE16)79 m · about 16,000 weekday taps
Great World (TE15)477 m · about 21,000 weekday taps
Tiong Bahru (EW17)797 m · about 52,000 weekday taps
Outram Park (EW16 / NE3 / TE17)850 m · about 78,000 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 Concorde Shopping Centre. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

Blk 96 Havelock Road Mscp (HDB)198 m
S$0.60 per half-hour at midday on a weekday · gantry 1.9 m · 220 car lots
Blk 2B Boon Tiong Road (HDB)255 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 284 car lots
Blk 87 Zion Road (HDB)302 m
S$0.60 per half-hour at midday on a weekday · gantry 2.4 m · 66 car lots
Blks 4-8 Taman Ho Swee (HDB)387 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 82 car lots
Outram Rd (URA)389 m
S$0.60 per half-hour at midday on a weekday · 27 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

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

Who's registered at Concorde Shopping Centre?

Key takeaway252 live companies (and LLPs and branches; sole proprietors are not counted) list Concorde Shopping Centre as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
48
Professional, scientific and technical services
42
Financial and insurance
37
Administrative and support services
24
Information and communications
23
Transportation and storage
19
Arts, entertainment and recreation
11
Construction
10
Education
9
Accommodation and food services
7

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.

What is Concorde Shopping Centre's BCA building profile?

BCA building type: Hotel
Green Mark: GoldPlus (2018)
Energy use intensity: 216 kWh/m²·yr

Frequently asked questions about Concorde Shopping Centre

Where is Concorde Shopping Centre?⌄

Concorde Shopping Centre is at 317 Outram Road, Singapore 169075, in the Bukit Merah planning area.

What is Concorde Shopping Centre zoned as?⌄

Concorde Shopping Centre sits on land zoned hotel under the URA Master Plan, with a gross plot ratio of 3.8.

What is the tenure of Concorde Shopping Centre?⌄

Concorde Shopping Centre is leasehold. About 53 years remain on the lease.

What have units at Concorde Shopping Centre sold for?⌄

Across 185 recorded transactions, the median price is S$979 psf. The latest was in June 2026.

What is the nearest MRT station to Concorde Shopping Centre?⌄

Havelock MRT is the closest, 81 m away (about a 1-minute walk).

How many businesses are registered at Concorde Shopping Centre?⌄

348 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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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from BCA's MCST register, PropKaki's submarket map, URA planning decisions, HDB car park information (data.gov.sg), URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, CommercialGuru, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.