Simon Plaza
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, most recently in Oct 2025. ACRA records 17 live company registrations at this address.
What are the key facts about Simon Plaza?
- 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
- Transactions on record
- 13 (records start 1995)
- Live listings
- None
- ACRA registrations
- 17
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?
- Land-use zone
- COMMERCIAL & RESIDENTIAL
- Gross plot ratio
- 1.4
What has Simon Plaza sold for?
| 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 | $741 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.
How does Kovan Road price?
Too few strata sales on this street to support a median — the count is shown without one.
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Simon Plaza?
Indicative area yield — District 19 retail
An INDICATIVE AREA yield for District 19 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 19 ($ psm/month, 2026Q2)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| B1 & Below · 30 & Below | $63.18 | $70.59 | $323.45 |
| Level 2 & 3 · 30 & Below | $44.44 | $66.00 | $73.08 |
| Level 1 · 30 & Below | $65.69 | $92.24 | $377.30 |
| Level 2 & 3 · >30 - 100 | $147.73 | $234.51 | $281.12 |
| Level 1 · >30 - 100 | $107.69 | $250.70 | $306.57 |
| B1 & Below · >30 - 100 | $257.47 | $297.67 | $372.67 |
| Level 2 & 3 · >100 - 300 | $109.91 | $140.32 | $169.42 |
| Level 1 · >100 - 300 | $183.40 | $220.71 | $251.55 |
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?
Getting around
- Kovan MRT199 m · ~3 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.
How many companies are registered at Simon Plaza?
- Live registrations
- 17
- Registered last 3 years
- 5
- Most common type
- Local Company
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.
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.
The facts are here — now get the verdict on Simon Plaza.
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.
This development is also registered as the residential project Simon Plaza.