CommercialCOMMERCIALConservationFreeholdDistrict 15 · Marine Parade

Lagun Sari Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Sept 2022

Quick Summary

Lagun Sari Building is a commercial building in District 15 · Marine Parade, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 3.0. It is freehold. 3 transactions are on record since 1995, most recently in Sept 2022. 1 unit is currently listed for rent. ACRA records 0 live company registrations at this address.

The facts are here — now get the verdict on Lagun Sari Building.

Ask PropKaki

What are the key facts about Lagun Sari Building?

Key takeawayLagun Sari Building is a commercial building in District 15 · Marine Parade, zoned COMMERCIAL, held freehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 3.0
Tenure: Freehold
District / Area: District 15 · Marine Parade
Address: 381 Joo Chiat Road
Land area: 530 sqm
Completed: Not on record
Storeys: 4 (© OpenStreetMap contributors)
Submarket: City Fringe
Listed as: Food & Beverage
Transactions on record: 3 (records start 1995)
Live listings: 1
ACRA registrations: 0

About Lagun Sari Building

Lagun Sari Building is a commercial building in Bedok (District 15). It is located along Joo Chiat Road, Singapore 427621.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 3. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines.

The site is freehold. It occupies roughly 530 sqm of land with about 1,591 sqm of gross floor area.

3 transactions have been recorded here, at a median of S$4,730 psf. The most recent was in September 2022.

The nearest MRT is Marine Parade MRT, 619 m away (about a 10-minute walk). The closest bus stop (Aft Duku Rd) is 22 m away (about a 0-minute walk).

What is Lagun Sari Building zoned as?

Key takeawayLagun Sari Building sits on land zoned COMMERCIAL with a gross plot ratio of 3.0, with conservation status.

Land-use zone: COMMERCIAL
Gross plot ratio: 3.0
Conservation area: Joo Chiat

Run the full zoning report for this building →

What has Lagun Sari Building sold for?

Key takeaway3 transactions are on record since 1995, most recently in Sept 2022 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Sept 2022	Retail	S$42.00M	5,708 sqft	$7,358
Mar 2018	Retail	S$27.00M	5,708 sqft	$4,730
Jan 2001	Retail	S$6.00M	5,708 sqft	$1,051

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 Lagun Sari Building rent for?

Key takeawayNo rent is published for Lagun Sari Building itself. On its street, Joo Chiat Road, retail space rented at a median of $5.56 psf a month in 2026Q3, with the middle half of leases between $3.85 and $6.47. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Joo Chiat Road

Street level · 2026Q3

25th pct

$3.85

$41.47 psm

Median

$5.56

$59.88 psm

75th pct

$6.47

$69.67 psm

S$ per sq ft per month

2023Q1 · $71.81 psm2026Q3 · $59.88 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 Joo Chiat Road

Street level · 2026Q3

25th pct

$5.17

$55.63 psm

Median

$5.52

$59.38 psm

75th pct

$6.19

$66.65 psm

S$ per sq ft per month · median -0.4% on a year earlier

2023Q4 · $68.64 psm2026Q3 · $59.38 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 15 retail

Region band · 2026Q3

25th pct

$7.55

$81.29 psm

Median

$9.14

$98.41 psm

75th pct

$14.01

$150.81 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 15 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 Lagun Sari Building

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 Lagun Sari Building

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

Rent: 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.

What's been approved at Lagun Sari Building?

Key takeawayURA has approved 6 changes of use at Lagun Sari Building since 2000, most recently in 2024, and refused 1. 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.

4 Jul 2025Renewed
Continued use as gym/fitness centre
Continued use of the 4th storey premises from office as gym/fitness centre - lagun sari building
22 Feb 2024Approved
Change of use: office → gym/fitness centre
Proposed change of use of the attic from office to gym/fitness centre - lagun sari building
5 Oct 2023Approved
Change of use: office → showroom
Proposed change of use of the 2nd and 3rd storey premises from office to showroom - lagun sari building
19 Sept 2023Approved
Change of use: office → gym/fitness centre
Proposed change of use of the 4th storey premises from office to gym/fitness centre - lagun sari building
10 Apr 2021Renewed
Continued use as function room and attic floor as ancillary resting area for staff only
Continued use of the 2nd & 3rd storey clubhouse as function room and attic floor as ancillary resting area for staff only
20 Mar 2019Renewed
Continued use as function room and attic floor as ancillary resting area for staff only
Continued use of the 2nd & 3rd storey clubhouse as function room and attic floor as ancillary resting area for staff only
4 May 2018Renewed
Continued use as function room and attic floor to ancillary resting area for staff only
Continued use of the 2nd & 3rd storey from clubhouse to function room and attic floor to ancillary resting area for staff only
27 Oct 2017Refused
Change of use to function room
Proposed change of use of 4th storey office to function room on lot 09382l mk26 at 381 joo chiat road – lagun sari building (marine parade planning area)
29 Mar 2017Renewed
Continued use as function room and attic floor to ancillary resting area for staff only
Continued use of the 2nd & 3rd storey from clubhouse to function room and attic floor to ancillary resting area for staff only
7 Apr 2016Renewed
Continued use as function room and attic floor to ancillary resting area for staff only
Continued use of the 2nd & 3rd storey from clubhouse to function room and attic floor to ancillary resting area for staff only
9 Apr 2015Renewed
Continued use as function room and attic floor to ancillary resting area for staff only
Continued use of the 2nd & 3rd storey from clubhouse to function room and attic floor to ancillary resting area for staff only at 381 joo chiat road
26 Mar 2014Renewed
Continued use as function room and attic floor to ancillary resting area for staff only
Continued use of the 2nd & 3rd storey from clubhouse to function room and attic floor to ancillary resting area for staff only at 381 joo chiat road

6 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 Joo Chiat Road price?

Key takeawayAcross 63 strata sales on Joo Chiat Road in the last 5 years, the median is $1,931 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$1,931

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

What do commercial rents run near Lagun Sari Building?

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

Indicative area yield — District 15 retail

Gross yield (area)

3.7%

3.3% net of property tax

Rent side (median of bands)

$98.41 psm/mo

2026Q3

Price side (strata, 5y)

$2,956 psf

85 sales

An INDICATIVE AREA yield for District 15 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 15 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
B1 & Below · 30 & Below	$121.08	$139.73	$241.82
Level 1 · 30 & Below	$69.23	$85.38	$86.21
Level 2 & 3 · 30 & Below	$47.87	$67.50	$87.18
Level 1 · >30 - 100	$73.94	$87.91	$101.01
Level 2 & 3 · >30 - 100	$57.08	$76.47	$184.13
B1 & Below · >30 - 100	$88.64	$163.41	$259.82
Level 2 & 3 · >100 - 300	$93.30	$107.29	$126.41
Level 1 · >100 - 300	$69.67	$89.53	$113.56

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 Lagun Sari Building right now?

Key takeaway1 unit is currently listed at Lagun Sari Building. One row per unit; several agents often market the same unit.

For rent (1)

⭐️Rare Ground Floor F&B unit for rent in Joo Chiat Road⭐️S$20k/mo · 1,988 sqft

Browse every listing at this building →

What is near Lagun Sari Building?

Key takeawayThe nearest MRT/LRT is Marine Parade MRT, about 619 m away — and 3 competing retail premisess operate nearby.

Getting around

Marine Parade MRT619 m · ~10 min

Amenities nearby

Aft Duku Rd · 23 mJoo Chiat Community Club · 89 mPlace Of Worship · 130 mJoo Chiat Medical Clinic · 192 mHotel · 249 mEducational Institution · 325 mKoon Seng Park · 349 mMarine Parade MRT Exit 3 · 559 mMarine Parade Polyclinic · 763 mParkway East Hospital · 965 m

Competing premises nearby

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

Dunman Food Centre · 259 mi12 Katong · 348 mTanesei Retailing Pte. Ltd. · 348 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Lagun Sari Building

Key takeawayThe nearest station is Marine Parade (TE26), 559 m away — a moderately busy station, with about 23,000 taps in and out on an average weekday. 13 public car parks are within 500 m.

Foot traffic: busier than 6% of retail buildings

nearest MRT/LRT Marine Parade (TE26) 559 m, about 23,000 taps a weekday; bus stops within 400 m: 7, about 9,116 taps a weekday; Marine Parade: 12,786 resident workers (Census 2020, by workplace); about 41,000 residents within 1 km (June 2026); 3 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

Marine Parade (TE26)559 m · about 23,000 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 Lagun Sari Building. Transfers between lines don't tap, so interchanges read low.

Bus

7 bus stops within 400 m, with 9,116 boardings and alightings on an average weekday.

Public car parks within 500 m

Joo Chiat Rd Off St (URA)104 m
S$0.60 per half-hour at midday on a weekday · 99 car lots
Service Rd (Joo Chiat Rd) (URA)188 m
S$0.60 per half-hour at midday on a weekday · 11 car lots
Tembeling Rd (URA)235 m
S$0.60 per half-hour at midday on a weekday · 61 car lots
Dunman Rd Food Centre Off St (URA)275 m
S$0.60 per half-hour at midday on a weekday · 8 car lots
Ceylon Rd (URA)305 m
S$0.60 per half-hour at midday on a weekday · 11 car lots

Nearest URA season parking: Joo Chiat Area (Haig R Oad-Telok Kurau Road), 526 m away, S$90/month.

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

Who's registered at Lagun Sari Building?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list Lagun Sari Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
0
Construction
0
Financial and insurance
0
Real estate
0
Professional, scientific and technical 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.

Frequently asked questions about Lagun Sari Building

Where is Lagun Sari Building?⌄

Lagun Sari Building is at 381 Joo Chiat Road, Singapore 427621, in the Bedok planning area.

What is Lagun Sari Building zoned as?⌄

Lagun Sari Building sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of Lagun Sari Building?⌄

Lagun Sari Building is freehold.

Is Lagun Sari Building a conserved property?⌄

Yes. Lagun Sari Building falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at Lagun Sari Building sold for?⌄

Across 3 recorded transactions, the median price is S$4,730 psf. The latest was in September 2022.

What is the nearest MRT station to Lagun Sari Building?⌄

Marine Parade MRT is the closest, 619 m away (about a 10-minute walk).

For agents · in the PropKaki app

The facts are here — now get the verdict on Lagun Sari Building.

Ask what a unit here would fetch, what the zone allows, or how it compares.

Ask PropKaki Try on WhatsApp

PropKaki

Tell me about Lagun Sari Building — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…

Read the figures right

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

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

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 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.