CommercialRESIDENTIAL999-year leaseholdDistrict 19 · Hougang

Nanyang Park

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2007

Quick Summary

Nanyang Park is a commercial building in District 19 · Hougang, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 1.4. It is 999-year leasehold. 1 transaction is on record since 1995, most recently in Oct 2007. 1 unit is currently listed for sale. ACRA records 0 live company registrations at this address.

The facts are here — now get the verdict on Nanyang Park.

Ask PropKaki

What are the key facts about Nanyang Park?

Key takeawayNanyang Park is a commercial building in District 19 · Hougang, zoned RESIDENTIAL, held 999-year leasehold.

Asset class: Commercial
Land-use zone: RESIDENTIAL
Gross plot ratio: 1.4
Tenure: 999-year leasehold
District / Area: District 19 · Hougang
Address: 48,48a Jalan Limbok
Land area: —
Completed: Not on record
Storeys: Not on record
Submarket: Suburban
Transactions on record: 1 (records start 1995)
Live listings: 1
ACRA registrations: 0

About Nanyang Park

Nanyang Park is a mixed-use building in Hougang (District 19). It is located along Jalan Limbok, Singapore 548729.

Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 1.4.

The site is 999-year leasehold, with about 854 years remaining on the lease.

1 transaction has been recorded here, at a median of S$539 psf. The most recent was in October 2007.

The closest bus stop (Parkwood Residences) is 118 m away (about a 2-minute walk).

What is Nanyang Park zoned as?

Key takeawayNanyang Park sits on land zoned RESIDENTIAL with a gross plot ratio of 1.4.

Land-use zone: RESIDENTIAL
Gross plot ratio: 1.4

Run the full zoning report for this building →

What has Nanyang Park sold for?

Key takeaway1 transaction is on record since 1995, most recently in Oct 2007 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Oct 2007	Shop House	S$1.00M	1,855 sqft	$539

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 Nanyang Park rent for?

Key takeawayNo street- or building-level rent is published here. Across District 19 retail, retail space rented at a median of $12.67 psf a month in 2026Q3, with the middle half of leases between $9.19 and $20.61. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 19 retail

Region band · 2026Q3

25th pct

$9.19

$98.95 psm

Median

$12.67

$136.43 psm

75th pct

$20.61

$221.82 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 19 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 Nanyang Park

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

CBRE, 2Q 2026

Suburban: Rent S$32.95 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Suburban: Rent S$33.36 psf/mth · Vacancy 5.7% (1Q 2026) · Planned / under construction 1.53m 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 Nanyang Park

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

Sale: between 6 Aug 2026 and 28 Aug 2026, 1 new listing 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 Nanyang Park?

Key takeawayURA has approved 1 change of use at Nanyang Park since 2000, most recently in 2017. 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.

28 May 2025Renewed
Continued use as pet shop, sale of pet accessories cum pet grooming
Continued use of 1st storey shop as pet shop, sale of pet accessories cum pet grooming
22 Apr 2022Renewed
Continued use as pet shop, sale of pet accessories cum pet grooming
Continued use of 1st storey shop as pet shop, sale of pet accessories cum pet grooming
25 May 2019Renewed
Continued use as pet shop, sale of pet accessories cum pet grooming
Continued use of 1st storey shop as pet shop, sale of pet accessories cum pet grooming
12 Jun 2017Approved
Change of use to pet shop, sale of pet accessories cum pet grooming
Proposed change of use of 1st storey shop to pet shop, sale of pet accessories cum pet grooming

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).

What do commercial rents run near Nanyang Park?

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

Indicative area yield — District 19 retail

Gross yield (area)

6.9%

6.2% net of property tax

Rent side (median of bands)

$136.43 psm/mo

2026Q3

Price side (strata, 5y)

$2,212 psf

70 sales

An INDICATIVE AREA yield for District 19 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 19 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 1 · 30 & Below	$63.64	$104.00	$295.24
B1 & Below · 30 & Below	$63.48	$71.43	$209.95
Level 2 & 3 · 30 & Below	$54.03	$66.41	$81.37
B1 & Below · >30 - 100	$225.40	$251.63	$339.38
Level 2 & 3 · >30 - 100	$201.18	$241.17	$307.68
Level 1 · >30 - 100	$98.95	$138.38	$262.23
Level 2 & 3 · >100 - 300	$201.65	$214.77	$221.82
B1 & Below · >100 - 300	$196.03	$234.00	$280.07

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 Nanyang Park right now?

Key takeaway1 unit is currently listed at Nanyang Park. One row per unit; several agents often market the same unit.

For sale (1)

Nanyang ParkS$4.18M · 1,855 sqft

Browse every listing at this building →

What is near Nanyang Park?

Amenities nearby

Parkwood Residences · 118 mParry Rd Pg · 254 mPlace Of Worship · 279 mThe Serangoon Community Club · 567 mEducational Institution · 599 m

Competing premises nearby

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

Balu Minimart Pte. Ltd · 482 mSerangoon Garden Market · 994 mHeartland Mall Kovan · 1.2 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Nanyang Park

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Kovan, 1.1 km away. 8 public car parks are within 500 m.

Foot traffic: busier than 12% of retail buildings

no MRT/LRT within 1 km (nearest Kovan, 1.1 km); bus stops within 400 m: 10, about 15,000 taps a weekday; Hougang: 43,772 resident workers (Census 2020, by workplace); about 49,000 residents within 1 km (June 2026); 0 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.

Bus

10 bus stops within 400 m, with about 15,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 149A Serangoon North Avenue 1 (HDB)326 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 148 car lots
Blk 135/141 Serangoon North Avenue 2 (HDB)333 m
S$0.60 per half-hour at midday on a weekday · 470 car lots
Blk 141A Serangoon North Avenue 2 (HDB)334 m
S$0.60 per half-hour at midday on a weekday · gantry 2 m
Blk 127 Serangoon North Avenue 1 (HDB)381 m
S$0.60 per half-hour at midday on a weekday
Blk 126 Serangoon North Avenue 1 (HDB)419 m
S$0.60 per half-hour at midday on a weekday

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.

Nearest URA season parking: Brighton Crescent, 537 m away, S$90/month.

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

Who's registered at Nanyang Park?

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

Wholesale and retail trade
0
Construction
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 Nanyang Park

Where is Nanyang Park?⌄

Nanyang Park is at 48,48A Jalan Limbok, Singapore 548729, in the Hougang planning area.

What is Nanyang Park zoned as?⌄

Nanyang Park sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 1.4.

What is the tenure of Nanyang Park?⌄

Nanyang Park is 999-year leasehold. About 854 years remain on the lease.

What have units at Nanyang Park sold for?⌄

Across 1 recorded transaction, the median price is S$539 psf. The latest was in October 2007.

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.

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.

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.

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, HDB car park information (data.gov.sg), PropKaki's foot-traffic model — 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.