CommercialRESIDENTIAL999-year leaseholdDistrict 19 · Hougang

Nanyang Park

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 2010
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 Aug 2010. ACRA records 1 live company registration at this address.

1

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
54,54a Jalan Limbok
Land area
—
Completed
Not on record
Storeys
Not on record
Submarket
Suburban
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
1
2

About Nanyang Park

Nanyang Park is a mixed-use building in Hougang (District 19). It is located along Jalan Limbok, Singapore 548732.

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$627 psf. The most recent was in August 2010.

1 business is currently registered at this address with ACRA.

The closest bus stop (Parkwood Residences) is 122 m away (about a 2-minute walk).

3

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 →

4

What has Nanyang Park sold for?

Key takeaway1 transaction is on record since 1995, most recently in Aug 2010 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Aug 2010Shop HouseS$1.17M1,862 sqft$627

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 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).

6

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.

7

What's been approved at Nanyang Park?

Key takeawayURA has approved 2 changes of use at Nanyang Park since 2000, most recently in 2022. 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. 5 Apr 2022ApprovedFloor 1
    Change of use to residential use

    Proposed change of use of unit #01-XX to residential use

  2. 1 Aug 2008Approved
    Change of use to office

    Retention of use of 1st storey shop as office

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 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 band25th pctMedian75th 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.

9

What is near Nanyang Park?

Amenities nearby

Parkwood Residences · 122 mPlace Of Worship · 258 mParry Rd Pg · 276 mThe Serangoon Community Club · 569 mEducational Institution · 615 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 · 483 mSerangoon Garden Market · 972 mHeartland Mall Kovan · 1.3 km

Straight-line distances. Source: PropKaki amenities data.

10

Getting there and parking at Nanyang Park

Key takeawayThere is no MRT or LRT station within 1 km; the nearest is Kovan, 1.2 km away. 8 public car parks are within 500 m.
Foot traffic: busier than 10% of retail buildings

no MRT/LRT within 1 km (nearest Kovan, 1.2 km); bus stops within 400 m: 11, about 12,000 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

11 bus stops within 400 m, with about 12,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Blk 149A Serangoon North Avenue 1 (HDB)315 m
    S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 148 car lots
  • Blk 141A Serangoon North Avenue 2 (HDB)335 m
    S$0.60 per half-hour at midday on a weekday · gantry 2 m
  • Blk 135/141 Serangoon North Avenue 2 (HDB)338 m
    S$0.60 per half-hour at midday on a weekday · 470 car lots
  • Blk 127 Serangoon North Avenue 1 (HDB)361 m
    S$0.60 per half-hour at midday on a weekday
  • Blk 126 Serangoon North Avenue 1 (HDB)399 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, 515 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.

11

Who's registered at Nanyang Park?

Key takeaway1 live company (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.
  • Construction
    1

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 Nanyang Park

Where is Nanyang Park?⌄

Nanyang Park is at 54,54A Jalan Limbok, Singapore 548732, 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$627 psf. The latest was in August 2010.

How many businesses are registered at Nanyang Park?⌄

1 business is currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

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