Park Mall
Park Mall is a commercial building in District 9 · Museum, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 4.2. It is leasehold with roughly 42 years remaining. 2 transactions are on record since 1995, most recently in Jun 2015. 3 units are currently listed for rent. ACRA records 15 live company registrations at this address.
What are the key facts about Park Mall?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.2
- Tenure
- Leasehold
- District / Area
- District 9 · Museum
- Address
- 9 Penang Road
- Land area
- 8,840 sqm
- Completed
- 2020 (per CommercialGuru)
- Storeys
- 10 (© OpenStreetMap contributors)
- Developer
- SingHaiyi Group Pte Ltd & Chuan Capital Pte Ltd (per CommercialGuru)
- Submarket
- City Hall / Bugis
- Listed as
- Food & Beverage, Medical
- Transactions on record
- 2 (records start 1995)
- Live listings
- 3
- ACRA registrations
- 15
Who owns Park Mall, and what is it valued at?
- Announced 29 Jun 2015Suntec Real Estate Investment Trust sold Park Mall for S$411.8 million (consideration) to Park Mall Pte. Ltd..
Source: the owners' own filings on SGX — notices of valuation of real assets, acquisition and divestment announcements, and annual reports. Facts only, each with its date; a valuation is not a sale price, and occupancy and WALE are as of the date shown. Only REITs and SGX-listed companies file these: a building with a private owner shows no owner here.
What are the specs at Park Mall?
- Facilities
- car park
- Source: CommercialGuru
About Park Mall
Park Mall is a commercial building in Museum (District 09). It is located along Penang Road, Singapore 238459.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 4.2. It lies inside the Central Area.
The site is leasehold, with about 42 years remaining on the lease. It occupies roughly 8,840 sqm of land with about 42,631 sqm of gross floor area.
2 transactions have been recorded here, at a median of S$3,501 psf. The most recent was in June 2015.
23 businesses are currently registered at this address with ACRA.
The nearest MRT is Dhoby Ghaut MRT, 164 m away (about a 3-minute walk). The closest bus stop (Dhoby Ghaut Stn Exit B) is 52 m away (about a 1-minute walk).
What is Park Mall zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.2
- Urban design area
- Udga
- Central Area
- Yes
What has Park Mall sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Jun 2015 | Retail | S$411.80M | 97,267 sqft | $4,234 |
| Jun 2005 | Retail | S$230.00M | 83,099 sqft | $2,768 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Park Mall rent for?
Retail space on Penang Road
Street level · 2026Q3S$ per sq ft per month (median only published) · median -38.3% on a year earlier
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 Penang Road
Street level · 2026Q3S$ per sq ft per month · median +45.8% on a year earlier
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 9 retail
Region band · 2026Q3S$ 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 9 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 Park Mall
- Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft
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 Park Mall
Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 1 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 Park Mall?
- 12 Aug 2025ApprovedFloor 1Change of use to restaurant with live entertainment
Proposed change of use of units #01-XX and #01-XX to restaurant with live entertainment
- 22 Apr 2025ApprovedFloor 1Change of use to medical clinic
Proposed change of use of unit #01-XX to medical clinic
- 14 Nov 2024ApprovedFloor 1Change of use to massage establishment
Proposed change of use of unit #01-XX to massage establishment
- 20 Mar 2023RenewedContinued use as ancillary refreshment area
Continued use of part of 5th storey as ancillary refreshment area
- 20 Mar 2023RenewedContinued use as ancillary fitness centre
Continued use of part of 3rd storey as ancillary fitness centre
- 24 Nov 2020ApprovedAdditions & alterations
Proposed additions and alterations to existing rooftop on lot 00768n ts20 at 9 penang road singapore 238459 (museum planning area)
- 20 May 2020ApprovedAdditions & alterations
Proposed addition and alteration to existing 10-storey commercial development comprising 2 storey of retail / restaurant and 8 storey of offices with 1 basement carpark on lot 00750p ts 20 at 9 penang road (museum planning area)
- 19 Feb 2020ApprovedChange of use to ancillary fitness centre
Proposed change of use of part of 3rd storey to ancillary fitness centre
- 19 Feb 2020ApprovedChange of use
Proposed change of use of part of 5th storey ancillary refreshment area
- 7 Nov 2019ApprovedAdditions & alterations
Proposed additions & alterations to existing office from 3rd storey to 10th storey for new duct and doghouse on lot 00750p ts20 at 9 penang road singapore 238459 (museum planning area)
- 19 Jun 2015ApprovedFloor B1Change of use to health centre
Change of use of unit #B1-XX to health centre at at park mall
- 24 Apr 2012Agency worksFloor 1Change of use to restaurant
Lodgement for proposed change of use of unit #01-XX as restaurant at park mall
9 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$54.50 per unit).
How does Penang Road price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Park Mall?
Indicative area yield — District 9 retail
An INDICATIVE AREA yield for District 9 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 9 ($ psm/month, 2026Q3)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Level 4 & Above · 30 & Below | $101.79 | $127.98 | $144.93 |
| B1 & Below · 30 & Below | $231.82 | $392.95 | $544.95 |
| Level 2 & 3 · 30 & Below | $97.06 | $128.26 | $157.50 |
| Level 1 · 30 & Below | $131.15 | $157.04 | $196.05 |
| Level 1 · >30 - 100 | $112.35 | $161.16 | $217.81 |
| Level 2 & 3 · >30 - 100 | $91.89 | $118.41 | $156.35 |
| Level 4 & Above · >30 - 100 | $81.28 | $100.52 | $133.94 |
| B1 & Below · >30 - 100 | $155.98 | $328.55 | $492.13 |
Office rents — Central Area ($ psm/month, 2026Q3)
| Building class · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Category 2 · 100 & Below | $54.65 | $69.39 | $88.80 |
| Category 1 · 100 & Below | $103.62 | $122.24 | $132.43 |
| Category 1 · >100 - 200 | $116.28 | $126.99 | $148.35 |
| Category 2 · >100 - 200 | $65.57 | $82.87 | $97.63 |
| Category 1 · >200 - 500 | $114.67 | $128.09 | $145.77 |
| Category 2 · >200 - 500 | $64.83 | $82.57 | $94.73 |
| Category 1 · >500 - 1000 | $106.56 | $137.78 | $148.23 |
| Category 2 · >500 - 1000 | $85.04 | $89.34 | $109.80 |
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 Park Mall right now?
For rent (3)
- 9 Penang RoadS$16k/mo · 871 sqft
- Dhoby Ghaut Somerset Office Commercial School Medical Clinic Beauty SpaS$36k/mo · 5,000 sqft
- Retail Showroom on OrchardS$89k/mo · 5,059 sqft
What is near Park Mall?
Getting around
- Dhoby Ghaut MRT164 m · ~3 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.
Getting there and parking at Park Mall
nearest MRT/LRT Dhoby Ghaut (NS24/NE6/CC1) 135 m, about 64,000 taps a weekday; 7 more stations within 1 km; bus stops within 400 m: 7, about 26,000 taps a weekday; Museum: 12,672 resident workers (Census 2020, by workplace); about 12,000 residents within 1 km (June 2026); 14 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
- Dhoby Ghaut (NS24 / NE6 / CC1)135 m · about 64,000 weekday taps
- Bencoolen (DT21)444 m · about 20,000 weekday taps
- Bras Basah (CC2)543 m · about 10,000 weekday taps
- Fort Canning (DT20)565 m · about 14,000 weekday taps
- Somerset (NS23)672 m · about 66,000 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 Park Mall. Transfers between lines don't tap, so interchanges read low.
Bus
7 bus stops within 400 m, with about 26,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Penang Lane (URA)112 mS$1.20 per half-hour at midday on a weekday · 14 car lots
- Fort Canning Park C Of F St (URA)145 mS$1.20 per half-hour at midday on a weekday · 48 car lots
- Clemenceau Ave (URA)160 mS$1.20 per half-hour at midday on a weekday · 15 car lots
- Fort Canning Park B Of F St (URA)216 mS$1.20 per half-hour at midday on a weekday · 36 car lots
- The Atrium@Orchard (development car park)217 mrates not published as open data
Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 887 m away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. Park Mall's own car park, if it has one, and its charges are not in the open data.
Who's registered at Park Mall?
- Financial and insurance8
- Other services2
- Accommodation and food services2
- Education2
- Health and social services1
- Wholesale and retail trade0
- Manufacturing0
- Professional, scientific and technical services0
- Real estate0
- Construction0
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. Most registrations here are dead: this is a registered-office address (corporate secretaries), so the count says nothing about how busy the building is. ACRA, as of 2026-09-16.
Frequently asked questions about Park Mall
Where is Park Mall?⌄
Park Mall is at 9 Penang Road, Singapore 238459, in the Museum planning area.
What is Park Mall zoned as?⌄
Park Mall sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.2.
What is the tenure of Park Mall?⌄
Park Mall is leasehold. About 42 years remain on the lease.
What have units at Park Mall sold for?⌄
Across 2 recorded transactions, the median price is S$3,501 psf. The latest was in June 2015.
What is the nearest MRT station to Park Mall?⌄
Dhoby Ghaut MRT is the closest, 164 m away (about a 3-minute walk).
How many businesses are registered at Park Mall?⌄
23 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 Park Mall.
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.