CommercialCOMMERCIAL & RESIDENTIALFreeholdDistrict 19 · Hougang

Simon Plaza

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2025

Quick Summary

Simon Plaza is a commercial building in District 19 · Hougang, on land zoned COMMERCIAL & RESIDENTIAL under the URA Master Plan with a gross plot ratio of 1.4. It is freehold. 13 transactions are on record since 1995, at a median S$1,394 psf, most recently in Oct 2025. ACRA records 11 live company registrations at this address.

The facts are here — now get the verdict on Simon Plaza.

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What are the key facts about Simon Plaza?

Key takeawaySimon Plaza is a commercial building in District 19 · Hougang, zoned COMMERCIAL & RESIDENTIAL, held freehold.

Asset class: Commercial
Land-use zone: COMMERCIAL & RESIDENTIAL
Gross plot ratio: 1.4
Tenure: Freehold
District / Area: District 19 · Hougang
Address: 2 Kovan Road
Land area: 2,489 sqm
Completed: Not on record
Storeys: 3 (© OpenStreetMap contributors)
Strata lots (whole development, MCST): 30
Strata formed: 1993 (MCST 1757)
Submarket: Suburban
Units with a recorded sale: At least 7
Transactions on record: 13 (records start 1995)
Live listings: None
ACRA registrations: 11

About Simon Plaza

Simon Plaza is a mixed-use building in Hougang (District 19). It is located along Kovan Road, Singapore 548008.

Under the URA Master Plan it sits on land zoned commercial & residential with a gross plot ratio of 1.4.

The site is freehold. It occupies roughly 2,489 sqm of land with about 3,484 sqm of gross floor area.

13 transactions have been recorded here, at a median of S$1,394 psf. The most recent was in October 2025.

17 businesses are currently registered at this address with ACRA.

The nearest MRT is Kovan MRT, 199 m away (about a 3-minute walk). The closest bus stop (Kovan Stn Exit B) is 168 m away (about a 3-minute walk).

What is Simon Plaza zoned as?

Key takeawaySimon Plaza sits on land zoned COMMERCIAL & RESIDENTIAL with a gross plot ratio of 1.4.

Land-use zone: COMMERCIAL & RESIDENTIAL
Gross plot ratio: 1.4

Run the full zoning report for this building →

What has Simon Plaza sold for?

Key takeawayAcross 13 recorded transactions since 1995, the median price is about S$1.49M, most recently in Oct 2025.

Date	Use	Price	Area	PSF
Oct 2025	Retail	S$2.90M	969 sqft	$2,994
Sept 2013	Retail	S$2.72M	1,066 sqft	$2,552
May 2013	Office	S$2.68M	969 sqft	$2,766
Dec 2012	Office	S$2.65M	1,087 sqft	$2,438
Oct 2012	Office	S$2.74M	1,066 sqft	$2,569
Feb 2012	Retail	S$2.00M	1,066 sqft	$1,877
Aug 2011	Retail	S$1.49M	1,066 sqft	$1,394
Feb 2010	Retail	S$1.20M	1,055 sqft	$1,138
Nov 2009	Retail	S$1.20M	926 sqft	$1,296
Jun 2008	Office	S$790k	1,066 sqft	$741

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 Simon Plaza rent for?

Key takeawayNo street- or building-level rent is published here. Across District 19 retail, retail space rented at a median of $12.67 psf a month in 2026Q3, with the middle half of leases between $9.19 and $20.61. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 19 retail

Region band · 2026Q3

25th pct

$9.19

$98.95 psm

Median

$12.67

$136.43 psm

75th pct

$20.61

$221.82 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 19 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 Simon Plaza

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

Suburban: Rent S$32.95 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Suburban: Rent S$33.36 psf/mth · Vacancy 5.7% (1Q 2026) · Planned / under construction 1.53m 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.

What's been approved at Simon Plaza?

Key takeawayURA has approved 10 changes of use at Simon Plaza since 2000, most recently in 2022. 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.

20 Nov 2025RenewedFloor 1
Continued use as restaurant
Continued use of the shop units #01-XX and #01-XX as restaurant
2 Jul 2025RenewedFloor 1
Continued use as childcare cum enrichment centre
Continued use of unit #01-XX as childcare cum enrichment centre
25 Apr 2023RenewedFloor 1
Continued use as childcare cum enrichment centre
Continued use of unit #01-XX as childcare cum enrichment centre
27 Dec 2022RenewedFloor 1
Continued use as restaurant
Continued use of the shop units #01-XX and #01-XX as restaurant
14 Apr 2022ApprovedFloor 1
Change of use to supermarket
Proposed change of use of unit #01-XX to supermarket
25 May 2021ApprovedFloor 1
Change of use to childcare cum enrichment centre
Proposed change of use of unit #01-XX to childcare cum enrichment centre on lot 07018x mk 22 at 2 kovan road simon plaza
21 Jan 2020RenewedFloor 1
Continued use as restaurant
Continued use of the shop units #01-XX and #01-XX as restaurant
6 Feb 2018RenewedFloor 1
Continued use as restaurant
Continued use of the shop units #01-XX and #01-XX as restaurant
20 Jan 2016RenewedFloor 1
Continued use as restaurant
Continued use of the shop units #01-XX and #01-XX as restaurant
22 Jul 2014RenewedFloor 1
Continued use as restaurant
Continued use of the shop unit #01-XX as restaurant at 2 kovan road (hougang planning area)
26 Mar 2014ApprovedFloor 1
Change of use to veterinary clinic
Proposed change of use of unit #01-XX to veterinary clinic on lot 07018x mk 22 at 2 kovan road (hougang planning area)
14 Nov 2013Agency worksFloor 1
Change of use to commercial school
Lodgment for proposed change of use of unit #01-XX to commercial school on lot 07018x mk 22 at 2 kovan road (hougang planning area)

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 Kovan Road price?

Strata sales on the street (5y)

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 Simon Plaza?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 19 retail

Gross yield (area)

6.9%

6.2% net of property tax

Rent side (median of bands)

$136.43 psm/mo

2026Q3

Price side (strata, 5y)

$2,212 psf

70 sales

An INDICATIVE AREA yield for District 19 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 19 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 1 · 30 & Below	$63.64	$104.00	$295.24
B1 & Below · 30 & Below	$63.48	$71.43	$209.95
Level 2 & 3 · 30 & Below	$54.03	$66.41	$81.37
B1 & Below · >30 - 100	$225.40	$251.63	$339.38
Level 2 & 3 · >30 - 100	$201.18	$241.17	$307.68
Level 1 · >30 - 100	$98.95	$138.38	$262.23
Level 2 & 3 · >100 - 300	$201.65	$214.77	$221.82
B1 & Below · >100 - 300	$196.03	$234.00	$280.07

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 near Simon Plaza?

Key takeawayThe nearest MRT/LRT is Kovan MRT, about 199 m away — and 3 competing retail premisess operate nearby.

Getting around

Kovan MRT199 m · ~3 min

Amenities nearby

Chiew Clinic · 6 mPlace Of Worship · 74 mKovan Stn Exit B · 168 mKovan MRT Exit B · 197 mEducational Institution · 318 mRichards Ave Pk · 336 mPaya Lebar Kovan Community Club · 508 mHougang Polyclinic · 990 m

Competing premises nearby

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

Heartland Mall Kovan · 270 mCold Storage Singapore (1983) Pte Ltd · 270 mKovan Market & Food Centre · 342 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Simon Plaza

Key takeawayThe nearest station is Kovan (NE13), 197 m away — a busy station, with about 48,000 taps in and out on an average weekday. 8 public car parks are within 500 m.

Foot traffic: busier than 58% of retail buildings

nearest MRT/LRT Kovan (NE13) 197 m, about 48,000 taps a weekday; bus stops within 400 m: 5, about 26,000 taps a weekday; Hougang: 43,772 resident workers (Census 2020, by workplace); about 56,000 residents within 1 km (June 2026); 1 other mall 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

Kovan (NE13)197 m · about 48,000 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 Simon Plaza. Transfers between lines don't tap, so interchanges read low.

Bus

5 bus stops within 400 m, with about 26,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Simon Rd Service Rd (URA)94 m
S$0.60 per half-hour at midday on a weekday · 10 car lots
Kovan Rd (URA)292 m
S$0.60 per half-hour at midday on a weekday · 50 car lots
Blk 201-204 Hougang Street 21 (HDB)343 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 247 car lots
Blk 206 Hougang Street 21 (HDB)370 m
S$0.60 per half-hour at midday on a weekday · gantry 9.99 m · 147 car lots
Upp Serangoon Rd (URA)373 m
S$0.60 per half-hour at midday on a weekday · 13 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.

Nearest URA season parking: Simon Road-Kovan Road Area, 1.1 km away, S$90/month.

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

Who's registered at Simon Plaza?

Key takeaway11 live companies (and LLPs and branches; sole proprietors are not counted) list Simon Plaza as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
3
Health and social services
3
Education
2
Financial and insurance
1
Professional, scientific and technical services
1
Other services
1
Manufacturing
0
Construction
0
Transportation and storage
0
Real estate
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. Homes share this postal code, so some registrations are home-based. ACRA, as of 2026-09-16.

Frequently asked questions about Simon Plaza

Where is Simon Plaza?⌄

Simon Plaza is at 2 Kovan Road, Singapore 548008, in the Hougang planning area.

What is Simon Plaza zoned as?⌄

Simon Plaza sits on land zoned commercial & residential under the URA Master Plan, with a gross plot ratio of 1.4.

What is the tenure of Simon Plaza?⌄

Simon Plaza is freehold.

What have units at Simon Plaza sold for?⌄

Across 13 recorded transactions, the median price is S$1,394 psf. The latest was in October 2025.

What is the nearest MRT station to Simon Plaza?⌄

Kovan MRT is the closest, 199 m away (about a 3-minute walk).

How many businesses are registered at Simon Plaza?⌄

17 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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This development is also registered as the residential project Simon Plaza.

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from BCA's MCST register, PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.