CommercialCOMMERCIALFreeholdDistrict 14 · Geylang

Icon@Changi

Reviewed by Nathan TangUpdated 8 November 2026Data through Jul 2026

Quick Summary

Icon@Changi is a commercial building in District 14 · Geylang, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 3.0. It is freehold. 131 transactions are on record since 1995, at a median S$1,828 psf, most recently in Jul 2026. 22 units are currently listed for sale or rent. ACRA records 125 live company registrations at this address.

The facts are here — now get the verdict on Icon@Changi.

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What are the key facts about Icon@Changi?

Key takeawayIcon@Changi is a commercial building in District 14 · Geylang, zoned COMMERCIAL, held freehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 3.0
Tenure: Freehold
District / Area: District 14 · Geylang
Address: 228 Changi Road
Land area: 2,502 sqm
Completed: Not on record
Storeys: 5 (© OpenStreetMap contributors)
Strata units (MCST): 130
Managing agent: D'PROMAN & CO. PTE LTD
Strata formed: 2013 (MCST 3928)
Submarket: City Fringe
Units with a recorded sale: At least 77
Listed as: Shop / Shophouse, Office, Mall Shop
Transactions on record: 131 (records start 1995)
Live listings: 22
ACRA registrations: 125

About Icon@Changi

Icon@Changi is a commercial building in Geylang (District 14). It is located along Changi Road, Singapore 419741.

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

The site is freehold. It occupies roughly 2,502 sqm of land with about 7,507 sqm of gross floor area.

131 transactions have been recorded here, at a median of S$1,828 psf. The most recent was in July 2026.

167 businesses are currently registered at this address with ACRA.

The nearest MRT is Eunos MRT, 328 m away (about a 5-minute walk). The closest bus stop (Aft Lor 106 Changi) is 193 m away (about a 3-minute walk).

What is Icon@Changi zoned as?

Key takeawayIcon@Changi sits on land zoned COMMERCIAL with a gross plot ratio of 3.0.

Land-use zone: COMMERCIAL
Gross plot ratio: 3.0

BCA-verified envelope: allowable GFA 7,506 sqm · built 5,295 sqm · headroom 2,211 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 Icon@Changi sold for?

Key takeawayAcross 131 recorded transactions since 1995, the median price is about S$549k, most recently in Jul 2026.

Date	Use	Price	Area	PSF
Jul 2026	Office	S$290k	129 sqft	$2,245
May 2026	Office	S$262k	129 sqft	$2,031
May 2025	Office	S$638k	334 sqft	$1,912
Apr 2025	Retail	S$255k	118 sqft	$2,154
Apr 2025	Office	S$644k	366 sqft	$1,761
Feb 2025	Retail	S$371k	183 sqft	$2,027
Oct 2024	Office	S$600k	151 sqft	$3,982
Sept 2024	Office	S$762k	431 sqft	$1,770
Jul 2024	Retail	S$340k	161 sqft	$2,106
May 2024	Office	S$740k	431 sqft	$1,719

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 Icon@Changi rent for?

Key takeawayNo rent is published for Icon@Changi itself. On its street, Changi Road, office space rented at a median of $4.88 psf a month in 2026Q3, with the middle half of leases between $4.00 and $6.41. That is not this building's own rent, and never a quote for a particular unit.

Office space on Changi Road

Street level · 2026Q3

25th pct

$4.00

$43.10 psm

Median

$4.88

$52.50 psm

75th pct

$6.41

$68.97 psm

S$ per sq ft per month · median +0.1% on a year earlier

2023Q4 · $49.11 psm2026Q3 · $52.50 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 on Changi Road

Street level · 2026Q3

25th pct

$5.56

$59.81 psm

Median

$6.40

$68.91 psm

75th pct

$7.44

$80.06 psm

S$ per sq ft per month · median +0.9% on a year earlier

2023Q4 · $68.42 psm2026Q3 · $68.91 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 14 retail

Region band · 2026Q3

25th pct

$7.49

$80.67 psm

Median

$10.45

$112.50 psm

75th pct

$12.53

$134.91 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 14 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 Icon@Changi

Key takeawayBrokers' office figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

Decentralised: Vacancy 3.6%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

City Fringe (all grades): Rent S$7.83 psf/mth · Vacancy 2.5% · Planned / under construction 1.35m sq ft

Singapore Office MarketBeat Q2 2026

Official series (URA, 2026Q3): Office vacancy rate (Whole Island) 10 (-1.2 pp on the year) · Office rental index (Central Region) 203.4 (+1.8% 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 Icon@Changi

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 8 units for rent; 14 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 2 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 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.

What's been approved at Icon@Changi?

Key takeawayURA has approved 20 changes of use at Icon@Changi since 2000, most recently in 2026, and refused 4. 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.

1 Sept 2026ApprovedFloor B1
Change of use: gym/fitness centre → medical clinic use
Proposed change of use of unit #B1-XX from gym/fitness centre to medical clinic use at icon @ changi
8 May 2026ApprovedFloor B1
Change of use: pet shop → massage establishment
Proposed change of use of unit #B1-XX from pet shop to massage establishment
28 Apr 2026ApprovedFloor 2
Change of use to pet boarding use
Proposed change of use of unit #02-XX to pet boarding use at icon @ changi
10 Apr 2026Agency worksFloor 2
Change of use to pet shop / pet grooming
Lodgment for proposed use of unit #02-XX as pet shop / pet grooming
9 Dec 2025ApprovedFloor B1
Change of use to office
Proposed change of use of unit #B1-XX to office
5 Sept 2025Agency worksFloor B1
Change of use to gym/fitness centre
Lodgment for proposed use of unit #B1-XX as gym/fitness centre
21 May 2025ApprovedFloor B1
Change of use to takeaway food shop
Proposed change of use of unit #B1-XX to takeaway food shop
1 Apr 2025RenewedFloor B1
Continued use as karaoke lounge – icon @ changi
Continued use of the shop unit #B1-XX as karaoke lounge – icon @ changi
8 Jan 2024ApprovedFloor B1
Change of use to pet boarding, pet day care and pet shop
Proposed change of use of unit #B1-XX to pet boarding, pet day care and pet shop
22 Dec 2023RefusedFloor B1
Change of use to bar
Proposed change of use of unit #B1-XX to bar
5 Dec 2023RefusedFloor B1
Change of use to karaoke lounge
Proposed change of use of unit #B1-XX to karaoke lounge
16 Nov 2023ApprovedFloor B1
Change of use to pet shop
Proposed change of use of unit #B1-XX to pet shop

15 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 Changi Road price?

Key takeawayAcross 80 strata sales on Changi Road in the last 5 years, the median is $1,913 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$1,913

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

What do commercial rents run near Icon@Changi?

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

Indicative area yield — District 14 retail

Gross yield (area)

5.1%

4.5% net of property tax

Rent side (median of bands)

$112.50 psm/mo

2026Q3

Price side (strata, 5y)

$2,480 psf

106 sales

An INDICATIVE AREA yield for District 14 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 14 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$60.26	$68.83	$77.30
B1 & Below · 30 & Below	$52.94	$76.47	$130.25
Level 1 · 30 & Below	$85.00	$125.00	$205.26
Level 2 & 3 · >30 - 100	$71.17	$84.43	$161.43
Level 1 · >30 - 100	$80.67	$127.33	$161.46
Level 4 & Above · >30 - 100	$69.97	$74.47	$74.91
B1 & Below · >30 - 100	$104.10	$206.00	$256.12
Level 2 & 3 · >100 - 300	$101.65	$112.97	$180.02

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 Icon@Changi right now?

Key takeaway22 units are currently listed at Icon@Changi — 14 for sale and 8 for rent. One row per unit; several agents often market the same unit.

For sale (14)

Icon @ ChangiS$2.18M · 624 sqft
Icon @ ChangiS$585k · 280 sqft
Icon @ Changi2 agentsS$449k · 205 sqft
Changi Road Shophouses2 agentsS$5.80M · 2,300 sqft

For rent (8)

Icon @ ChangiS$3k/mo · 366 sqft
Icon @ ChangiS$3k/mo · 334 sqft
Icon @ Changi3 agentsS$6k/mo · 624 sqft
Icon @ Changi2 agentsS$3k/mo · 527 sqft

Browse every listing at this building →

What is near Icon@Changi?

Key takeawayThe nearest MRT/LRT is Eunos MRT, about 328 m away — and 3 competing retail premisess operate nearby.

Getting around

Eunos MRT328 m · ~5 min

Amenities nearby

Place Of Worship · 50 mBethesda Medical @ Cereza · 59 mEunos Polyclinic · 122 mAft Lor 106 Changi · 193 mEunos MRT Exit C · 304 mLorong Sarina Interim Pk · 360 mKampong Ubi Community Centre · 443 mParkway East Hospital · 511 mEducational Institution · 539 mHotel · 716 m

Competing premises nearby

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

Blk 4A Eunos Crescent · 349 mNTUC Fairprice Co-operative Ltd · 459 mSingpost Centre · 1.1 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Icon@Changi

Key takeawayThe nearest station is Eunos (EW7), 304 m away — a moderately busy station, with about 31,000 taps in and out on an average weekday. 20 public car parks are within 500 m.

Foot traffic: busier than 25% of office buildings

nearest MRT/LRT Eunos (EW7) 304 m, about 31,000 taps a weekday; bus stops within 400 m: 10, about 33,000 taps a weekday; Geylang: 116,481 resident workers (Census 2020, by workplace); about 37,000 residents within 1 km (June 2026). Ranked against 485 office 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), not a count of people.

Stations within 1 km

Eunos (EW7)304 m · about 31,000 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 Icon@Changi. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

Lor 108 Changi (URA)68 m
S$0.60 per half-hour at midday on a weekday · 9 car lots
Lor 107 Changi (URA)113 m
S$0.60 per half-hour at midday on a weekday · 11 car lots
Lor 106 Changi (URA)168 m
S$0.60 per half-hour at midday on a weekday · 4 car lots
Kampong Eunos (URA)243 m
S$0.60 per half-hour at midday on a weekday · 4 car lots
Lor 105 Changi (URA)263 m
S$0.60 per half-hour at midday on a weekday · 2 car lots

Nearest URA season parking: Changi Road Area, 762 m away, S$90/month.

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

Who's registered at Icon@Changi?

Key takeaway125 live companies (and LLPs and branches; sole proprietors are not counted) list Icon@Changi as their registered address. These are registered businesses, not who occupies the space.

Professional, scientific and technical services
34
Wholesale and retail trade
24
Construction
17
Administrative and support services
9
Health and social services
9
Financial and insurance
8
Transportation and storage
7
Real estate
4
Other services
3
Arts, entertainment and recreation
3

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 Icon@Changi's BCA building profile?

BCA building type: Office
Green Mark: NA (NA)
Energy use intensity: 34 kWh/m²·yr

Frequently asked questions about Icon@Changi

Where is Icon@Changi?⌄

Icon@Changi is at 228 Changi Road, Singapore 419741, in the Geylang planning area.

What is Icon@Changi zoned as?⌄

Icon@Changi sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of Icon@Changi?⌄

Icon@Changi is freehold.

What have units at Icon@Changi sold for?⌄

Across 131 recorded transactions, the median price is S$1,828 psf. The latest was in July 2026.

What is the nearest MRT station to Icon@Changi?⌄

Eunos MRT is the closest, 328 m away (about a 5-minute walk).

How many businesses are registered at Icon@Changi?⌄

167 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.

For agents · in the PropKaki app

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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.

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, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, 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.