Race Course Rd/Owen Rd Con Area
Race Course Rd/Owen Rd Con Area is a commercial building in District 8 · Kallang, on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY under the URA Master Plan with a gross plot ratio of 3.0. It is freehold. 2 transactions are on record since 1995, most recently in Jun 2016. 2 units are currently listed for sale. ACRA records 0 live company registrations at this address.
What are the key facts about Race Course Rd/Owen Rd Con Area?
- Asset class
- Commercial
- Land-use zone
- RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
- Gross plot ratio
- 3.0
- Tenure
- Freehold
- District / Area
- District 8 · Kallang
- Address
- 398 Race Course Road
- Land area
- —
- Completed
- Not on record
- Storeys
- 2 (© OpenStreetMap contributors)
- Submarket
- City Fringe
- Listed as
- Shop / Shophouse
- Transactions on record
- 2 (records start 1995)
- Live listings
- 2
- ACRA registrations
- 0
About Race Course Rd/Owen Rd Con Area
Race Course Rd/Owen Rd Con Area is a commercial estate in Kallang (District 08). It is located along Race Course Road, Singapore 218651.
Under the URA Master Plan it sits on land zoned residential with commercial at 1st storey with a gross plot ratio of 3. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines.
The site is freehold.
2 transactions have been recorded here, at a median of S$1,856 psf. The most recent was in June 2016.
The nearest MRT is Farrer Park MRT, 578 m away (about a 9-minute walk). The closest bus stop (Sri Vadapathira K Tp) is 56 m away (about a 1-minute walk).
What is Race Course Rd/Owen Rd Con Area zoned as?
- Land-use zone
- RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
- Gross plot ratio
- 3.0
- Conservation area
- Jalan Besar
- Conserved building
- Yes
What has Race Course Rd/Owen Rd Con Area sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Jun 2016 | Shop House | S$3.00M | 1,643 sqft | $1,826 |
| Dec 2015 | Shop House | S$3.10M | 1,643 sqft | $1,887 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Race Course Rd/Owen Rd Con Area rent for?
Retail space on Race Course Road
Street level · 2026Q1S$ per sq ft per month (median only published) · median -48.9% 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).
Retail space — District 8 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 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).
Market context around Race Course Rd/Owen Rd Con Area
- 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 Race Course Rd/Owen Rd Con Area
Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings 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 Race Course Rd/Owen Rd Con Area?
- 28 Aug 2019ApprovedChange of use to office
Proposed change of use of the 1st storey shop to office
- 12 Sept 2018ApprovedAdditions & alterations
Proposed amendment to approved additions and alterations to existing 2-storey conserved shophouse involving new erection of 4-storey rear extension for shop on 1st storey (1 unit) and residential use from 2nd to 4th storey (1 unit)
- 26 Jul 2017ApprovedAdditions & alterations
Proposed additions and alterations to existing 2-storey conserved shophouse involving new erection of 4-storey rear extension for shop on 1st storey (1 unit) and residential use from 2nd to 4th storey (1 unit) on lot 01152t & 00497x pt ts18 at 398 race course road
- 17 Dec 2015ApprovedChange of use to office
Proposed change of use of the 1st storey premises to part office/part shop and the 2nd storey premises to office
- 25 Apr 2013RefusedAdditions & alterations
Proposed outline for additions and alterations to the 2-storey buildings and change of use from residential with commercial at 1st storey to hotel use
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$54.50 per unit).
How does Race Course Road price?
Too few strata sales on this street to support a median — the count is shown without one.
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Race Course Rd/Owen Rd Con Area?
Indicative area yield — District 8 retail
An INDICATIVE AREA yield for District 8 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 8 ($ psm/month, 2026Q3)
| Floor level · size band | 25th pct | Median | 75th 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.
What is available at Race Course Rd/Owen Rd Con Area right now?
For sale (2)
- Race Course Rd/owen Rd Con AreaS$12.80M · 1,450 sqft
- Race Course RoadS$12.00M · 4,909 sqft
What is near Race Course Rd/Owen Rd Con Area?
Getting around
- Farrer Park MRT578 m · ~9 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 Race Course Rd/Owen Rd Con Area
nearest MRT/LRT Farrer Park (NE8) 354 m, about 57,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 10, about 19,000 taps a weekday; Kallang: 63,333 resident workers (Census 2020, by workplace); about 45,000 residents within 1 km (June 2026); 2 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
- Farrer Park (NE8)354 m · about 57,000 weekday taps
- Boon Keng (NE9)467 m · about 51,000 weekday taps
- Bendemeer (DT23)642 m · about 11,000 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 Race Course Rd/Owen Rd Con Area. Transfers between lines don't tap, so interchanges read low.
Bus
10 bus stops within 400 m, with about 19,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Race Course Rd (URA)99 mS$0.60 per half-hour at midday on a weekday · 52 car lots
- Blk 684/685 Race Course Road (HDB)113 mS$0.60 per half-hour at midday on a weekday · 43 car lots
- Serangoon Rd (Kitchene R Rd - Lavender St) (URA)115 mS$0.60 per half-hour at midday on a weekday · 42 car lots
- Serangoon Rd - Lavende R St Off St (URA)135 mS$0.60 per half-hour at midday on a weekday · 112 car lots
- Tessensohn Rd (URA)176 mS$0.60 per half-hour at midday on a weekday · 43 car lots
HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.
Public car parks only, by straight-line distance, with the operator's published rates. Race Course Rd/Owen Rd Con Area's own car park, if it has one, and its charges are not in the open data.
Who's registered at Race Course Rd/Owen Rd Con Area?
- Financial and insurance0
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 Race Course Rd/Owen Rd Con Area
Where is Race Course Rd/Owen Rd Con Area?⌄
Race Course Rd/Owen Rd Con Area is at 398 Race Course Road, Singapore 218651, in the Kallang planning area.
What is Race Course Rd/Owen Rd Con Area zoned as?⌄
Race Course Rd/Owen Rd Con Area sits on land zoned residential with commercial at 1st storey under the URA Master Plan, with a gross plot ratio of 3.
What is the tenure of Race Course Rd/Owen Rd Con Area?⌄
Race Course Rd/Owen Rd Con Area is freehold.
Is Race Course Rd/Owen Rd Con Area a conserved property?⌄
Yes. Race Course Rd/Owen Rd Con Area falls within a URA conservation area, so external works are subject to conservation guidelines.
What have units at Race Course Rd/Owen Rd Con Area sold for?⌄
Across 2 recorded transactions, the median price is S$1,856 psf. The latest was in June 2016.
What is the nearest MRT station to Race Course Rd/Owen Rd Con Area?⌄
Farrer Park MRT is the closest, 578 m away (about a 9-minute walk).
The facts are here — now get the verdict on Race Course Rd/Owen Rd Con Area.
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.