CommercialRESIDENTIALConservationFreeholdDistrict 9 · Newton

Emerald Hill Conservation Area

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2024
Quick Summary

Emerald Hill Conservation Area is a commercial building in District 9 · Newton, on land zoned RESIDENTIAL under the URA Master Plan. It is freehold. 3 transactions are on record since 1995, most recently in Dec 2024. ACRA records 0 live company registrations at this address.

1

What are the key facts about Emerald Hill Conservation Area?

Key takeawayEmerald Hill Conservation Area is a commercial building in District 9 · Newton, zoned RESIDENTIAL, held freehold.
Asset class
Commercial
Land-use zone
RESIDENTIAL
Gross plot ratio
Subject to Evaluation
Tenure
Freehold
District / Area
District 9 · Newton
Address
44 Emerald Hill Road
Land area
—
Completed
Not on record
Storeys
2 (© OpenStreetMap contributors)
Submarket
City Fringe
Transactions on record
3 (records start 1995)
Live listings
None
ACRA registrations
0
2

About Emerald Hill Conservation Area

Emerald Hill Conservation Area is a mixed-use conservation area in Newton (District 09). It is located along Emerald Hill Road, Singapore 229320.

Under the URA Master Plan it sits on land zoned residential. 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.

3 transactions have been recorded here, at a median of S$3,724 psf. The most recent was in December 2024.

The nearest MRT is Somerset MRT, 253 m away (about a 4-minute walk). The closest bus stop (Opp Somerset Stn) is 144 m away (about a 2-minute walk).

3

What is Emerald Hill Conservation Area zoned as?

Key takeawayEmerald Hill Conservation Area sits on land zoned RESIDENTIAL, with conservation status, inside the Central Area.
Land-use zone
RESIDENTIAL
Gross plot ratio
Subject to Evaluation
Conservation area
Emerald Hill
Conserved building
Yes
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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 Emerald Hill Conservation Area sold for?

Key takeaway3 transactions are on record since 1995, most recently in Dec 2024 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Dec 2024Shop HouseS$10.00M1,552 sqft$6,443
Jul 2007Shop HouseS$5.78M1,552 sqft$3,724
Mar 2007Shop HouseS$4.20M1,552 sqft$2,706

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 Emerald Hill Conservation Area rent for?

Key takeawayNo street- or building-level rent is published here. Across District 9 retail, retail space rented at a median of $11.90 psf a month in 2026Q3, with the middle half of leases between $9.24 and $17.57. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 9 retail

Region band · 2026Q3
25th pct
$9.24
$99.43 psm
Median
$11.90
$128.12 psm
75th pct
$17.57
$189.09 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 9 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 Emerald Hill 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

What's been approved at Emerald Hill Conservation Area?

Key takeawayURA's planning decisions at Emerald Hill Conservation Area since 2000 are below. 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. 13 Dec 2012Approved
    Additions & alterations

    Proposed additions & alterations to the existing 2-storey building on lot 99846c ts 27 at 44 emerald hill road singapore 229320 (emerald hill conservation area)

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).

8

What do commercial rents run near Emerald Hill 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 9 retail

Gross yield (area)
3.2%
2.9% net of property tax
Rent side (median of bands)
$128.12 psm/mo
2026Q3
Price side (strata, 5y)
$4,434 psf
190 sales

An INDICATIVE AREA yield for District 9 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 9 ($ psm/month, 2026Q3)

Floor level · size band25th pctMedian75th pct
Level 4 & Above · 30 & Below$101.79$127.98$144.93
B1 & Below · 30 & Below$231.82$392.95$544.95
Level 2 & 3 · 30 & Below$97.06$128.26$157.50
Level 1 · 30 & Below$131.15$157.04$196.05
Level 1 · >30 - 100$112.35$161.16$217.81
Level 2 & 3 · >30 - 100$91.89$118.41$156.35
Level 4 & Above · >30 - 100$81.28$100.52$133.94
B1 & Below · >30 - 100$155.98$328.55$492.13

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.

9

What is near Emerald Hill Conservation Area?

Key takeawayThe nearest MRT/LRT is Somerset MRT, about 253 m away — and 2 competing retail premisess operate nearby.

Getting around

Amenities nearby

RafflesMedical · 63 mPlace Of Worship · 102 mHotel · 113 mOpp Somerset Stn · 144 mSomerset MRT Exit B · 220 mOrchard Fountain Corner · 221 mMount Elizabeth Hospital · 539 mEducational Institution · 698 mCairnhill Community Club · 876 m

Competing premises nearby

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

The Centrepoint · 75 mCold Storage Singapore (1983) Pte Ltd · 344 m

Straight-line distances. Source: PropKaki amenities data.

10

Getting there and parking at Emerald Hill Conservation Area

Key takeawayThe nearest station is Somerset (NS23), 220 m away — a busy station, with about 66,000 taps in and out on an average weekday. 21 public car parks are within 500 m; the cheapest URA season parking nearby is S$80 a month.
Foot traffic: busier than 66% of retail buildings

nearest MRT/LRT Somerset (NS23) 220 m, about 66,000 taps a weekday; 3 more stations within 1 km; bus stops within 400 m: 6, about 28,000 taps a weekday; Newton: 13,644 resident workers (Census 2020, by workplace); about 17,000 residents within 1 km (June 2026); 17 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

  • Somerset (NS23)220 m · about 66,000 weekday taps
  • Dhoby Ghaut (NS24 / NE6 / CC1)679 m · about 64,000 weekday taps
  • Orchard (TE14 / NS22)756 m · about 122,000 weekday taps
  • Great World (TE15)939 m · about 21,000 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 Emerald Hill Conservation Area. Transfers between lines don't tap, so interchanges read low.

Bus

6 bus stops within 400 m, with about 28,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Emerald Hill Rd (URA)22 m
    S$1.20 per half-hour at midday on a weekday · 35 car lots
  • Centrepoint (development car park)72 m
    rates not published as open data
  • Emerald Link (URA)74 m
    S$1.20 per half-hour at midday on a weekday · 4 car lots
  • Hullet Rd Off St (URA)83 m
    S$1.20 per half-hour at midday on a weekday · 24 car lots
  • Emerald Hill Estate (URA)126 m
    season S$80/month

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

11

Who's registered at Emerald Hill Conservation Area?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list Emerald Hill Conservation Area as their registered address. These are registered businesses, not who occupies the space.
  • Wholesale and retail trade
    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.

12

Frequently asked questions about Emerald Hill Conservation Area

Where is Emerald Hill Conservation Area?⌄

Emerald Hill Conservation Area is at 44 Emerald Hill Road, Singapore 229320, in the Newton planning area.

What is Emerald Hill Conservation Area zoned as?⌄

Emerald Hill Conservation Area sits on land zoned residential under the URA Master Plan.

What is the tenure of Emerald Hill Conservation Area?⌄

Emerald Hill Conservation Area is freehold.

Is Emerald Hill Conservation Area a conserved property?⌄

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

What have units at Emerald Hill Conservation Area sold for?⌄

Across 3 recorded transactions, the median price is S$3,724 psf. The latest was in December 2024.

What is the nearest MRT station to Emerald Hill Conservation Area?⌄

Somerset MRT is the closest, 253 m away (about a 4-minute walk).

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