CommercialCOMMERCIAL & RESIDENTIALFreeholdDistrict 19 · Hougang

Tai Peng Gardens

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2018

Quick Summary

Tai Peng Gardens is a commercial building in District 19 · Hougang, on land zoned COMMERCIAL & RESIDENTIAL under the URA Master Plan with a gross plot ratio of 3.0. It is freehold. 5 transactions are on record since 1995, most recently in Oct 2018. 1 unit is currently listed for sale. ACRA records 36 live company registrations at this address.

The facts are here — now get the verdict on Tai Peng Gardens.

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What are the key facts about Tai Peng Gardens?

Key takeawayTai Peng Gardens is a commercial building in District 19 · Hougang, zoned COMMERCIAL & RESIDENTIAL, held freehold.

Asset class: Commercial
Land-use zone: COMMERCIAL & RESIDENTIAL
Gross plot ratio: 3.0
Tenure: Freehold
District / Area: District 19 · Hougang
Address: 1012,1012a,1012b Upper Serangoon Road
Land area: 289 sqm
Completed: Not on record
Storeys: Not on record
Submarket: Suburban
Transactions on record: 5 (records start 1995)
Live listings: 1
ACRA registrations: 36

About Tai Peng Gardens

Tai Peng Gardens is a mixed-use building in Hougang (District 19). It is located along Upper Serangoon Road, Singapore 534750.

Under the URA Master Plan it sits on land zoned commercial & residential with a gross plot ratio of 3.

The site is freehold. It occupies roughly 289 sqm of land.

5 transactions have been recorded here, at a median of S$1,803 psf. The most recent was in October 2018.

39 businesses are currently registered at this address with ACRA.

The nearest MRT is Kovan MRT, 426 m away (about a 7-minute walk). The closest bus stop (Opp Glad Tidings Ch) is 59 m away (about a 1-minute walk).

What is Tai Peng Gardens zoned as?

Key takeawayTai Peng Gardens sits on land zoned COMMERCIAL & RESIDENTIAL with a gross plot ratio of 3.0.

Land-use zone: COMMERCIAL & RESIDENTIAL
Gross plot ratio: 3.0

Run the full zoning report for this building →

What has Tai Peng Gardens sold for?

Key takeaway5 transactions are on record since 1995, most recently in Oct 2018 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Oct 2018	Shop House	S$7.50M	2,329 sqft	$3,220
Oct 2013	Shop House	S$5.50M	2,329 sqft	$2,361
Dec 2011	Shop House	S$4.20M	2,329 sqft	$1,803
Nov 2004	Shop House	S$2.50M	2,329 sqft	$1,073
Oct 2004	Shop House	S$2.53M	2,329 sqft	$1,086

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 Tai Peng Gardens rent for?

Key takeawayNo rent is published for Tai Peng Gardens itself. On its street, Upper Serangoon Road, retail space rented at a median of $7.78 psf a month in 2026Q3, with the middle half of leases between $4.87 and $9.96. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Upper Serangoon Road

Street level · 2026Q3

25th pct

$4.87

$52.47 psm

Median

$7.78

$83.77 psm

75th pct

$9.96

$107.18 psm

S$ per sq ft per month · median +12.1% on a year earlier

2023Q4 · $116.13 psm2026Q3 · $83.77 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).

Office space on Upper Serangoon Road

Street level · 2026Q3

25th pct

$3.60

$38.75 psm

Median

$3.76

$40.50 psm

75th pct

$4.16

$44.80 psm

S$ per sq ft per month · median -41.1% on a year earlier

2022Q4 · $29.52 psm2026Q3 · $40.50 psm median

URA's percentiles of OFFICE rents 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. URA publishes a median only where the street has at least 2 office buildings and 3 contracts that quarter (percentiles need 4); a blank means below that threshold, not zero.

Source: URA rental statistics by street (IRAS-stamped contracts).

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 Tai Peng Gardens

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.

How fast units move at Tai Peng Gardens

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit for sale.

Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 1 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 Tai Peng Gardens?

Key takeawayURA has approved 1 change of use at Tai Peng Gardens since 2000, most recently in 2019, and refused 1. 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.

F&B and nightlife here

URA does not approve new eating houses (restaurants, coffee shops, cafes) here; an existing one's permission may be renewed.

Per URA circular DC23-08, Appendix A (2 Oct 2023: no new eating houses in shophouses on listed stretches). A planning guideline for the area, not a decision on any unit; it applies to new eating houses and bars, not to one already approved.

23 Jan 2025Renewed
Continued use as office
Continued use of the 2nd storey flat as office
24 Mar 2022Renewed
Continued use as office
Continued use of the 2nd and 3rd storey flat as office
22 Jul 2019Refused
Change of use to commercial school
Proposed change of use of 2nd storey flat to commercial school
22 Jan 2019Approved
Change of use to office
Proposed change of use of 2nd and 3rd storey flat to office

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 Upper Serangoon Road price?

Key takeawayAcross 23 strata sales on Upper Serangoon Road in the last 5 years, the median is $2,071 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$2,071

Street figures cover strata deals only — land and strata PSF are not comparable.

What do commercial rents run near Tai Peng Gardens?

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 available at Tai Peng Gardens right now?

Key takeaway1 unit is currently listed at Tai Peng Gardens. One row per unit; several agents often market the same unit.

For sale (1)

Tai Peng GardensS$16.00M · 2,359 sqft

Browse every listing at this building →

What is near Tai Peng Gardens?

Key takeawayThe nearest MRT/LRT is Kovan MRT, about 426 m away — and 3 competing retail premisess operate nearby.

Getting around

Kovan MRT426 m · ~7 min

Amenities nearby

K C Tan Clinic · 30 mPlace Of Worship · 54 mOpp Glad Tidings Ch · 59 mEducational Institution · 91 mKovan MRT Exit C · 405 mHougang Community Club · 572 mHougang Polyclinic · 825 m

Competing premises nearby

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

Kovan Market & Food Centre · 446 mHeartland Mall Kovan · 465 mCold Storage Singapore (1983) Pte Ltd · 465 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Tai Peng Gardens

Key takeawayThe nearest station is Kovan (NE13), 405 m away — a busy station, with about 48,000 taps in and out on an average weekday. 9 public car parks are within 500 m.

Foot traffic: busier than 47% of retail buildings

nearest MRT/LRT Kovan (NE13) 405 m, about 48,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 9, about 23,000 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)405 m · about 48,000 weekday taps
Hougang (NE14)981 m · about 62,000 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 Tai Peng Gardens. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with about 23,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Upp Serangoon Rd (URA)43 m
S$0.60 per half-hour at midday on a weekday · 13 car lots
Blk 373A Hougang Street 31 (HDB)218 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 1,020 car lots
Simon Rd Service Rd (URA)268 m
S$0.60 per half-hour at midday on a weekday · 10 car lots
Blk 211-212 Hougang Street 21 (HDB)313 m
S$0.60 per half-hour at midday on a weekday · gantry 9.99 m · 73 car lots
Blk 19-23 Hougang Avenue 3 (HDB)373 m
S$0.60 per half-hour at midday on a weekday · gantry 9.99 m · 407 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Simon Road-Kovan Road Area, 1.4 km away, S$90/month.

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

Who's registered at Tai Peng Gardens?

Key takeaway36 live companies (and LLPs and branches; sole proprietors are not counted) list Tai Peng Gardens as their registered address. These are registered businesses, not who occupies the space.

Accommodation and food services
32
Manufacturing
2
Professional, scientific and technical services
2
Wholesale and retail trade
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. ACRA, as of 2026-09-16.

Frequently asked questions about Tai Peng Gardens

Where is Tai Peng Gardens?⌄

Tai Peng Gardens is at 1012,1012A,1012B Upper Serangoon Road, Singapore 534750, in the Hougang planning area.

What is Tai Peng Gardens zoned as?⌄

Tai Peng Gardens sits on land zoned commercial & residential under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of Tai Peng Gardens?⌄

Tai Peng Gardens is freehold.

What have units at Tai Peng Gardens sold for?⌄

Across 5 recorded transactions, the median price is S$1,803 psf. The latest was in October 2018.

What is the nearest MRT station to Tai Peng Gardens?⌄

Kovan MRT is the closest, 426 m away (about a 7-minute walk).

How many businesses are registered at Tai Peng Gardens?⌄

39 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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Read the figures right

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

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.

F&B / nightlife: per URA circular DC23-08, Appendix A (2 Oct 2023: no new eating houses in shophouses on listed stretches). A planning guideline, not a decision on any unit.

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.

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 PropKaki's submarket map, URA planning decisions, URA circular DC23-08 (2 Oct 2023), URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model — 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.