CommercialRESIDENTIAL WITH COMMERCIAL AT 1ST STOREYConservationFreeholdDistrict 8 · Kallang

Race Course Rd/Owen Rd Con Area

Reviewed by Nathan TangUpdated 10 August 2026Data through Apr 2008
Quick Summary

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. 3 transactions are on record since 1995, most recently in Apr 2008. ACRA records 0 live company registrations at this address.

1

What are the key facts about Race Course Rd/Owen Rd Con Area?

Key takeawayRace Course Rd/Owen Rd Con Area is a commercial building in District 8 · Kallang, zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY, held freehold.
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
23 Tessensohn Road
Land area
Transactions on record
3 (records start 1995)
Live listings
None
ACRA registrations
0
2

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 Tessensohn Road, Singapore 217653.

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.

3 transactions have been recorded here, at a median of S$1,141 psf. The most recent was in April 2008.

The nearest MRT is Boon Keng MRT, 592 m away (about a 9-minute walk). The closest bus stop (S'pore Khalsa Assn) is 125 m away (about a 2-minute walk).

3

What is Race Course Rd/Owen Rd Con Area zoned as?

Key takeawayRace Course Rd/Owen Rd Con Area sits on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY with a gross plot ratio of 3.0, with conservation status.
Land-use zone
RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio
3.0
Conservation area
Jalan Besar
Conserved building
Yes

Run the full zoning report for this building →

4

What has Race Course Rd/Owen Rd Con Area sold for?

Key takeaway3 transactions are on record since 1995, most recently in Apr 2008 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Apr 2008Shop HouseS$2.10M1,560 sqft$1,346
Feb 2008Shop HouseS$1.78M1,560 sqft$1,141
Nov 1997Shop HouseS$1.62M1,560 sqft$1,039

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.

5

How does Tessensohn Road price?

Strata sales on the street (5y)
4

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.

6

What do commercial rents run near Race Course Rd/Owen Rd Con Area?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 8 retail

Gross yield (area)
3.0%
2.7% net of property tax
Rent side (median of bands)
$73.77 psm/mo
2026Q2
Price side (strata, 5y)
$2,744 psf
57 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, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$92.22$107.29$134.61
Level 2 & 3 · 30 & Below$60.38$67.06$71.17
Level 1 · >30 - 100$65.65$79.01$105.39
Level 2 & 3 · >30 - 100$53.41$58.43$108.12
B1 & Below · >30 - 100$185.86$205.31$205.79
Level 1 · >100 - 300$43.81$68.53$71.93
Level 4 & Above · >100 - 300$86.62$94.73$108.30
B1 & Below · >300$50.00$59.34$62.68

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.

7

What is near Race Course Rd/Owen Rd Con Area?

Key takeawayThe nearest MRT/LRT is Boon Keng MRT, about 593 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Place Of Worship · 95 mStarlight Clinic · 112 mS'pore Khalsa Assn · 125 mKallang Polyclinic · 175 mEducational Institution · 323 mHotel · 397 mFarrer Park MRT Exit B · 403 mCity Green · 496 mFarrer Park Hospital · 538 mKallang Community Club · 602 m

Competing premises nearby

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

Amista International Pte. Ltd. · 214 mCity Square Mall · 527 mBlk 29 Bendemeer Road · 721 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Race Course Rd/Owen Rd Con Area?

Key takeawayACRA records 0 live company registrations at this address.
Live registrations
0
Registered last 3 years
0

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.

9

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 23 Tessensohn Road, Singapore 217653, 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 3 recorded transactions, the median price is S$1,141 psf. The latest was in April 2008.

What is the nearest MRT station to Race Course Rd/Owen Rd Con Area?

Boon Keng MRT is the closest, 592 m away (about a 9-minute walk).

For agents · in the PropKaki app

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