CommercialCOMMERCIAL999-year leaseholdDistrict 8 · Kallang

Poly Credit Building

Reviewed by Nathan TangUpdated 10 November 2026
Quick Summary

Poly Credit Building is a commercial building in District 8 · Kallang, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 3.0. It is 999-year leasehold. ACRA records 1 live company registration at this address.

1

What are the key facts about Poly Credit Building?

Key takeawayPoly Credit Building is a commercial building in District 8 · Kallang, zoned COMMERCIAL, held 999-year leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
3.0
Tenure
999-year leasehold
District / Area
District 8 · Kallang
Address
—
Land area
103 sqm
Completed
Not on record
Storeys
Not on record
Submarket
City Fringe
Transactions on record
None recorded
Live listings
None
ACRA registrations
1

No recorded transactions — this building has never generated a strata caveat (typically single-owner or lease-only stock). That is not missing data, and it says nothing about the building's value, occupancy or availability.

2

About Poly Credit Building

Poly Credit Building is a commercial building in Kallang (District 08). It is located along Jalan Besar, Singapore 208951.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 3.

The site is 999-year leasehold, with about 892 years remaining on the lease. It occupies roughly 103 sqm of land with about 310 sqm of gross floor area.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Lavender MRT, 558 m away (about a 9-minute walk). The closest bus stop (Aft Allenby Rd) is 28 m away (about a 0-minute walk). City Square Mall is 269 m away (about a 4-minute walk).

3

What is Poly Credit Building zoned as?

Key takeawayPoly Credit Building sits on land zoned COMMERCIAL with a gross plot ratio of 3.0.
Land-use zone
COMMERCIAL
Gross plot ratio
3.0

Run the full zoning report for this building →

4

What does space at Poly Credit Building rent for?

Key takeawayNo rent is published for Poly Credit Building itself. On its street, Jalan Besar, retail space rented at a median of $7.09 psf a month in 2026Q3, with the middle half of leases between $5.45 and $7.86. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Jalan Besar

Street level · 2026Q3
25th pct
$5.45
$58.63 psm
Median
$7.09
$76.30 psm
75th pct
$7.86
$84.56 psm

S$ per sq ft per month · median -19.1% on a year earlier

2023Q4 · $64.22 psm2026Q3 · $76.30 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 Jalan Besar

Street level · 2026Q3
25th pct
$4.73
$50.86 psm
Median
$5.59
$60.19 psm
75th pct
$6.71
$72.25 psm

S$ per sq ft per month · median +7.1% on a year earlier

2023Q4 · $53.03 psm2026Q3 · $60.19 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 8 retail

Region band · 2026Q3
25th pct
$6.30
$67.76 psm
Median
$8.25
$88.77 psm
75th pct
$9.03
$97.19 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 8 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).

5

Market context around Poly Credit Building

Key takeawayBrokers' office figures for this part of Singapore — a broker's market figure, not this building's rent.
CBRE, 2Q 2026
  • Decentralised: Vacancy 3.6%
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026
  • City Fringe (all grades): Rent S$7.83 psf/mth · Vacancy 2.5% · Planned / under construction 1.35m sq ft
Singapore Office MarketBeat Q2 2026

Official series (URA, 2026Q3): Office vacancy rate (Whole Island) 10 (-1.2 pp on the year) · Office rental index (Central Region) 203.4 (+1.8% 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.

6

What's been approved at Poly Credit Building?

Key takeawayURA has approved 1 change of use at Poly Credit Building since 2000, most recently in 2023, and refused 2. 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. 8 Jul 2026Refused
    Change of use to students' hostel

    Proposed change of use of 2nd storey premises to students' hostel at km7

  2. 24 Jan 2024Renewed
    Continued use as residential

    Continued use of 4th storey office as residential

  3. 13 Apr 2023Approved
    Change of use to residential

    Proposed change of use of 4th storey office to residential

  4. 24 Jan 2022Refused
    Change of use to backpackers' hostel

    Proposed change of use of 2nd, 3rd and 4th storey premises to backpackers' hostel

  5. 22 Nov 2002Approved
    Additions & alterations

    Proposed additions and alterations to existing 4 storey commercial building

  6. 1 Nov 2000Approved
    Additions & alterations

    Proposed additions and alterations to existing 4-storey commercial building

  7. 20 Apr 2000Approved
    Additions & alterations

    Proposed additions & additions to existing 4-storey commercial building with shop and offices

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).

7

How does Jalan Besar price?

Key takeawayAcross 49 strata sales on Jalan Besar in the last 5 years, the median is $2,744 psf.
Strata sales on the street (5y)
49
Street median PSF (strata)
$2,744

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

8

What do commercial rents run near Poly Credit 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 8 retail

Gross yield (area)
3.6%
3.3% net of property tax
Rent side (median of bands)
$88.77 psm/mo
2026Q3
Price side (strata, 5y)
$2,744 psf
59 sales

An INDICATIVE AREA yield for District 8 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 8 ($ psm/month, 2026Q3)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$67.76$96.11$143.21
Level 1 · 30 & Below$76.14$92.59$171.04
B1 & Below · 30 & Below$90.68$93.21$137.37
Level 2 & 3 · >30 - 100$46.15$61.63$86.96
Level 1 · >30 - 100$73.94$90.91$97.19
B1 & Below · >30 - 100$82.17$88.77$163.62
Level 1 · >100 - 300$59.57$69.55$95.87
Level 2 & 3 · >100 - 300$43.92$47.03$64.17

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 Poly Credit Building?

Key takeawayThe nearest MRT/LRT is Lavender MRT, about 558 m away.

Getting around

Amenities nearby

Aft Allenby Rd · 28 mHotel · 72 mSomme Rd Pg · 131 mPlace Of Worship · 165 mHan's Clinic · 226 mSong Fish Dealer Pte Ltd · 269 mCity Square Mall · 269 mFarrer Park MRT Exit H · 343 mBerseh Food Centre · 422 mJalan Besar Community Club · 430 m

Straight-line distances. Source: PropKaki amenities data.

10

Getting there and parking at Poly Credit Building

Key takeawayThe nearest station is Farrer Park (NE8), 343 m away — a busy station, with about 57,000 taps in and out on an average weekday. 58 public car parks are within 500 m; the cheapest URA season parking nearby is S$100 a month.
Foot traffic: busier than 21% of office buildings

nearest MRT/LRT Farrer Park (NE8) 343 m, about 57,000 taps a weekday; 5 more stations within 1 km; bus stops within 400 m: 7, about 15,000 taps a weekday; Kallang: 63,333 resident workers (Census 2020, by workplace); about 37,000 residents within 1 km (June 2026). Ranked against 485 office 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), not a count of people.

Stations within 1 km

  • Farrer Park (NE8)343 m · about 57,000 weekday taps
  • Lavender (EW11)531 m · about 39,000 weekday taps
  • Bendemeer (DT23)571 m · about 11,000 weekday taps
  • Jalan Besar (DT22)697 m · about 21,000 weekday taps
  • Boon Keng (NE9)842 m · about 51,000 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 Poly Credit Building. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

  • Allenby Rd (URA)28 m
    S$0.60 per half-hour at midday on a weekday · 16 car lots
  • Service Rd (Petain Rd - Allenby Rd) (URA)59 m
    S$0.60 per half-hour at midday on a weekday · 3 car lots
  • Petain Rd (Jln Besar - Tyrwhitt Rd) (URA)84 m
    S$0.60 per half-hour at midday on a weekday · 3 car lots
  • Somme Rd (URA)99 m
    S$0.60 per half-hour at midday on a weekday · 13 car lots
  • Plumer Rd (URA)106 m
    S$0.60 per half-hour at midday on a weekday · 11 car lots

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

11

Who's registered at Poly Credit Building?

Key takeaway1 live company (and LLPs and branches; sole proprietors are not counted) list Poly Credit Building as their registered address. These are registered businesses, not who occupies the space.
  • Professional, scientific and technical services
    1
  • Wholesale and retail trade
    0
  • Financial and insurance
    0
  • Administrative and support 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.

12

Frequently asked questions about Poly Credit Building

Where is Poly Credit Building?⌄

Poly Credit Building is at Jalan Besar, Singapore 208951, in the Kallang planning area.

What is Poly Credit Building zoned as?⌄

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

What is the tenure of Poly Credit Building?⌄

Poly Credit Building is 999-year leasehold. About 892 years remain on the lease.

Have there been any recorded transactions at Poly Credit Building?⌄

No caveats have been lodged for Poly Credit Building in the URA records we track. That is common for buildings held by a single owner, which never generate strata transactions.

What is the nearest MRT station to Poly Credit Building?⌄

Lavender MRT is the closest, 558 m away (about a 9-minute walk).

How many businesses are registered at Poly Credit Building?⌄

2 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.

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