CommercialLeaseholdDistrict 8 · Rochor

Race Course Rd/Owen Rd Con Area

Reviewed by Nathan TangUpdated 8 November 2026Data through Mar 2007
Quick Summary

Race Course Rd/Owen Rd Con Area is a commercial building in District 8 · Rochor. It is leasehold with roughly 2 years remaining. 1 transaction is on record since 1995, most recently in Mar 2007. 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 · Rochor, held leasehold.
Asset class
Commercial
Land-use zone
Not on record
Gross plot ratio
—
Tenure
Leasehold
District / Area
District 8 · Rochor
Address
374 Race Course Road
Land area
—
Completed
Not on record
Storeys
Not on record
Transactions on record
1 (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 Rochor (District 08). It is located along Race Course Road, Singapore 218643.

The site is leasehold, with about 2 years remaining on the lease.

1 transaction has been recorded here, at a median of S$305 psf. The most recent was in March 2007.

3

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

Key takeaway1 transaction is on record since 1995, most recently in Mar 2007 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Mar 2007Shop HouseS$1.20M3,941 sqft$305

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

4

What does space at Race Course Rd/Owen Rd Con Area rent for?

Key takeawayNo rent is published for Race Course Rd/Owen Rd Con Area itself. On its street, Race Course Road, retail space rented at a median of $4.91 psf a month in 2026Q1. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Race Course Road

Street level · 2026Q1
25th pct
—
— psm
Median
$4.91
$52.80 psm
75th pct
—
— psm

S$ per sq ft per month (median only published) · median -48.9% on a year earlier

2021Q3 · $65.36 psm2026Q1 · $52.80 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).

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 Race Course Rd/Owen Rd Con Area

Key takeawayBrokers' retail figures for Singapore as a whole — a broker's market figure, not this building's rent.
CBRE, 2Q 2026 (island-wide)
  • Islandwide: Rent S$28.15 psf/mth
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026 (island-wide)
  • Singapore total: Rent S$30.38 psf/mth · Vacancy 6.3% (1Q 2026) · Planned / under construction 2.38m 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.

6

What's been approved at Race Course Rd/Owen Rd Con Area?

Key takeawayURA has approved 1 change of use at Race Course Rd/Owen Rd Con Area since 2000, most recently in 2002. 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. 4 Dec 2023Renewed
    Continued use as restaurant

    Continued use of the 1st storey shops as restaurant

  2. 25 Nov 2020Renewed
    Continued use as restaurant

    Continued use of the 1st storey shops as restaurant

  3. 22 Nov 2017Renewed
    Continued use as restaurant

    Continued use of the 1st storey shops as restaurant

  4. 7 Nov 2014Renewed
    Continued use as restaurant

    Continued use of the 1st storey shops as restaurant

  5. 25 Nov 2008Approved
    Additions & alterations

    Prop a&a to 3 units of 3-sty conservation shop hse bldgs with commercial (shop) use at 1st sty and residential use at 2nd-3rd stys with attic and new rear 4 sty erection & 1 basement level of fully automated mechanised carpark

  6. 2 Nov 2005Renewed
    Continued use as eating house

    Proposed continued use of 1st sty shop to eating house

  7. 8 Nov 2002Approved
    Change of use to eating house

    Change of use of the 1st storey shop to eating house

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 Race Course Road price?

Strata sales on the street (5y)
2

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.

8

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

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

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.

10

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 374 Race Course Road, Singapore 218643, in the Rochor planning area.

What is the tenure of Race Course Rd/Owen Rd Con Area?⌄

Race Course Rd/Owen Rd Con Area is leasehold. About 2 years remain on the lease.

What have units at Race Course Rd/Owen Rd Con Area sold for?⌄

Across 1 recorded transaction, the median price is S$305 psf. The latest was in March 2007.

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