Maysprings
Maysprings is a commercial building in District 23 · Bukit Panjang, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 3.0. It is leasehold with roughly 67 years remaining. 15 transactions are on record since 1995, most recently in Nov 2023. 1 unit is currently listed for rent. ACRA records 51 live company registrations at this address.
What are the key facts about Maysprings?
- Asset class
- Commercial
- Land-use zone
- RESIDENTIAL
- Gross plot ratio
- 3.0
- Tenure
- Leasehold
- District / Area
- District 23 · Bukit Panjang
- Address
- 2 Petir Road
- Land area
- 24,975 sqm
- Transactions on record
- 15 (records start 1995)
- Live listings
- 1
- ACRA registrations
- 51
About Maysprings
Maysprings is a mixed-use building in Bukit Panjang (District 23). It is located along Petir Road, Singapore 678265.
Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 3.
The site is leasehold, with about 67 years remaining on the lease. It occupies roughly 24,975 sqm of land with about 74,925 sqm of gross floor area.
15 transactions have been recorded here, at a median of S$760 psf. The most recent was in November 2023.
51 businesses are currently registered at this address with ACRA.
The nearest MRT is Bukit Panjang LRT, 80 m away (about a 1-minute walk). The closest bus stop (Opp Bt Panjang Stn) is 46 m away (about a 1-minute walk).
What is Maysprings zoned as?
- Land-use zone
- RESIDENTIAL
- Gross plot ratio
- 3.0
What has Maysprings sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Nov 2023 | Retail | S$550k | 344 sqft | $1,597 |
| Oct 2023 | Retail | S$700k | 538 sqft | $1,301 |
| Apr 2018 | Retail | S$1.40M | 474 sqft | $2,956 |
| May 2014 | Retail | S$400k | 344 sqft | $1,161 |
| Feb 2013 | Retail | S$750k | 474 sqft | $1,584 |
| Sept 2012 | Retail | S$480k | 538 sqft | $892 |
| Mar 2012 | Retail | S$730k | 883 sqft | $827 |
| Dec 2011 | Retail | S$360k | 474 sqft | $760 |
| Mar 2010 | Retail | S$248k | 538 sqft | $461 |
| Feb 2009 | Retail | S$242k | 538 sqft | $450 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.
How does Petir Road price?
Too few strata sales on this street to support a median — the count is shown without one.
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Maysprings?
Indicative area yield — District 23 retail
An INDICATIVE AREA yield for District 23 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 23 ($ psm/month, 2026Q2)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Level 1 · 30 & Below | $217.43 | $258.33 | $409.02 |
| B1 & Below · 30 & Below | $426.37 | $606.36 | $660.99 |
| B1 & Below · >30 - 100 | $166.59 | $191.19 | $276.37 |
| Level 1 · >30 - 100 | $175.38 | $223.62 | $277.64 |
| Level 2 & 3 · >30 - 100 | $304.63 | $312.50 | $351.45 |
| Level 2 & 3 · >100 - 300 | $109.86 | $166.97 | $213.74 |
| Level 1 · >300 | $102.88 | $140.80 | $182.81 |
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 Maysprings right now?
For rent (1)
- MayspringsS$5k/mo · 474 sqft
What is near Maysprings?
Getting around
- Bukit Panjang LRT80 m · ~1 min
Amenities nearby
Competing premises nearby
Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.
Straight-line distances. Source: PropKaki amenities data.
How many companies are registered at Maysprings?
- Live registrations
- 51
- Registered last 3 years
- 17
- Most common type
- Local Company
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.
Frequently asked questions about Maysprings
Where is Maysprings?⌄
Maysprings is at 2 Petir Road, Singapore 678265, in the Bukit Panjang planning area.
What is Maysprings zoned as?⌄
Maysprings sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 3.
What is the tenure of Maysprings?⌄
Maysprings is leasehold. About 67 years remain on the lease.
What have units at Maysprings sold for?⌄
Across 15 recorded transactions, the median price is S$760 psf. The latest was in November 2023.
What is the nearest MRT station to Maysprings?⌄
Bukit Panjang LRT is the closest, 80 m away (about a 1-minute walk).
How many businesses are registered at Maysprings?⌄
51 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.
The facts are here — now get the verdict on Maysprings.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.
This development is also registered as the residential project Maysprings.