CommercialBUSINESS 1FreeholdDistrict 3 · Bukit Merah

Tan Boon Liat Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2005

Quick Summary

Tan Boon Liat Building is a commercial building in District 3 · Bukit Merah, on land zoned BUSINESS 1 under the URA Master Plan with a gross plot ratio of 3.1. It is freehold. 7 transactions are on record since 1995, most recently in Oct 2005. 12 units are currently listed for sale or rent. ACRA records 214 live company registrations at this address.

The facts are here — now get the verdict on Tan Boon Liat Building.

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What are the key facts about Tan Boon Liat Building?

Key takeawayTan Boon Liat Building is a commercial building in District 3 · Bukit Merah, zoned BUSINESS 1, held freehold.

Asset class: Commercial
Land-use zone: BUSINESS 1
Gross plot ratio: 3.1
Tenure: Freehold
District / Area: District 3 · Bukit Merah
Address: 315 Outram Road
Land area: 13,104 sqm
Completed: Not on record
Storeys: 16 (© OpenStreetMap contributors)
Strata units (MCST): 152
Managing agent: SG MANAGING AGENT PTE.LTD.
Strata formed: 1983 (MCST 0641)
Submarket: City Fringe
Units with a recorded sale: At least 7
Listed as: Light Industrial (B1)
Transactions on record: 7 (records start 1995)
Live listings: 12
ACRA registrations: 214

About Tan Boon Liat Building

Tan Boon Liat Building is a commercial building in Bukit Merah (District 03). It is located along Outram Road, Singapore 169074.

Under the URA Master Plan it sits on land zoned business 1 with a gross plot ratio of 3.1.

The site is freehold. It occupies roughly 13,104 sqm of land with about 40,622 sqm of gross floor area.

7 transactions have been recorded here, at a median of S$670 psf. The most recent was in October 2005.

249 businesses are currently registered at this address with ACRA.

The nearest MRT is Havelock MRT, 118 m away (about a 2-minute walk). The closest bus stop (Havelock Stn Exit 2) is 86 m away (about a 1-minute walk). Great World is 692 m away (about a 11-minute walk).

What is Tan Boon Liat Building zoned as?

Key takeawayTan Boon Liat Building sits on land zoned BUSINESS 1 with a gross plot ratio of 3.1.

Land-use zone: BUSINESS 1
Gross plot ratio: 3.1
Urban design area: Zion Road/ Havelock Road Ud Area

Run the full zoning report for this building →

What has Tan Boon Liat Building sold for?

Key takeaway7 transactions are on record since 1995, most recently in Oct 2005 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Oct 2005	Office	S$630k	1,604 sqft	$393
Apr 2001	Office	S$2.00M	4,446 sqft	$451
Jun 1997	Office	S$2.20M	2,885 sqft	$764
Jun 1997	Office	S$3.63M	4,176 sqft	$870
Apr 1996	Office	S$2.98M	4,446 sqft	$670
Jan 1996	Office	S$1.13M	1,593 sqft	$710
Sept 1995	Office	S$980k	1,593 sqft	$615

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 Tan Boon Liat Building rent for?

Key takeawayNo rent is published for Tan Boon Liat Building itself. On its street, Outram Road, office space rented at a median of $4.80 psf a month in 2026Q3, with the middle half of leases between $4.52 and $5.94. That is not this building's own rent, and never a quote for a particular unit.

Office space on Outram Road

Street level · 2026Q3

25th pct

$4.52

$48.68 psm

Median

$4.80

$51.67 psm

75th pct

$5.94

$63.97 psm

S$ per sq ft per month · median -18.7% on a year earlier

2023Q4 · $47.06 psm2026Q3 · $51.67 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 on Outram Road

Street level · 2026Q3

25th pct

$5.94

$63.92 psm

Median

$6.64

$71.43 psm

75th pct

$7.30

$78.55 psm

S$ per sq ft per month · median +22.1% on a year earlier

2023Q1 · $53.57 psm2026Q3 · $71.43 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 3 retail

Region band · 2026Q3

25th pct

$7.49

$80.65 psm

Median

$10.49

$112.95 psm

75th pct

$14.10

$151.72 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 3 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 Tan Boon Liat Building

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

CBRE, 2Q 2026

Decentralised: Vacancy 3.6%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

City Fringe (all grades): Rent S$7.83 psf/mth · Vacancy 2.5% · Planned / under construction 1.35m sq ft

Singapore Office MarketBeat Q2 2026

Official series (URA, 2026Q3): Office vacancy rate (Whole Island) 10 (-1.2 pp on the year) · Office rental index (Central Region) 203.4 (+1.8% 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 Tan Boon Liat Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 11 units for rent; 1 unit for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 5 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 3 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 Tan Boon Liat Building?

Key takeawayURA's planning decisions at Tan Boon Liat Building since 2000 are below. 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.

11 Oct 2018RefusedFloor 2
Change of use to gym/fitness centre
Proposed change of use of unit #02-XX to gym/fitness centre at tan boon liat building, 315 outram road
7 May 2008Approved
Additions & alterations
Proposed additions and alterations to the existing 15-storey flatted factory
18 Nov 2002RefusedFloor 1
Additions & alterations
Retention of additions/alterations to the unit #01-XX of existing 15-storey flatted factory
14 Jul 2000Approved
Additions & alterations
Propsoed roof & cladding over existing motor rooms of 15-stoery flatted factory with offices
19 May 2000Refused
Additions & alterations
Proposed roof & cladding over existing motor rooms of 15-sty flatted factory with offices

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 Outram Road price?

Key takeawayAcross 25 strata sales on Outram Road in the last 5 years, the median is $1,742 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$1,742

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

What do commercial rents run near Tan Boon Liat Building?

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

Indicative area yield — District 3 retail

Gross yield (area)

3.8%

3.4% net of property tax

Rent side (median of bands)

$112.95 psm/mo

2026Q3

Price side (strata, 5y)

$3,294 psf

38 sales

An INDICATIVE AREA yield for District 3 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 3 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$78.10	$94.74	$116.67
Level 1 · 30 & Below	$73.20	$92.12	$107.33
Level 1 · >30 - 100	$83.20	$164.15	$200.48
Level 2 & 3 · >30 - 100	$58.43	$67.44	$75.00
Level 1 · >100 - 300	$226.54	$240.67	$264.22
Level 2 & 3 · >100 - 300	$83.56	$131.15	$186.77

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 Tan Boon Liat Building right now?

Key takeaway12 units are currently listed at Tan Boon Liat Building — 1 for sale and 11 for rent. One row per unit; several agents often market the same unit.

For sale (1)

Tan Boon Liat BuildingS$4.77M · 1,593 sqft

For rent (11)

Tan Boon Liat BuildingS$13k/mo · 4,176 sqft
Tan Boon Liat Building4 agentsS$13k/mo · 4,446 sqft
Fully Fitted Renovated Spa Massage Open to Other TradesS$103k/mo · 11,745 sqft
Tan Boon Liat BuildingS$18k/mo · 4,400 sqft

Browse every listing at this building →

What is near Tan Boon Liat Building?

Key takeawayThe nearest MRT/LRT is Havelock MRT, about 119 m away.

Getting around

Havelock MRT119 m · ~2 min

Amenities nearby

Hotel · 67 mHavelock MRT Exit 2 · 85 mHavelock Stn Exit 2 · 86 mPlace Of Worship · 197 mEducational Institution · 307 mMedi Clinic · 344 mFassler Gourmet Pte Ltd · 346 mTiong Bahru Market · 365 mKim Seng Community Centre · 437 mGanges Ave Os · 438 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Tan Boon Liat Building

Key takeawayThe nearest station is Havelock (TE16), 84 m away — a moderately busy station, with about 16,000 taps in and out on an average weekday. 13 public car parks are within 500 m.

Foot traffic: busier than 21% of office buildings

nearest MRT/LRT Havelock (TE16) 84 m, about 16,000 taps a weekday; 3 more stations within 1 km; bus stops within 400 m: 12, about 18,000 taps a weekday; Bukit Merah: 103,575 resident workers (Census 2020, by workplace); about 49,000 residents within 1 km (June 2026). Ranked against 485 office 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), not a count of people.

Stations within 1 km

Havelock (TE16)84 m · about 16,000 weekday taps
Great World (TE15)614 m · about 21,000 weekday taps
Tiong Bahru (EW17)734 m · about 52,000 weekday taps
Outram Park (EW16 / NE3 / TE17)738 m · about 78,000 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 Tan Boon Liat Building. Transfers between lines don't tap, so interchanges read low.

Bus

12 bus stops within 400 m, with about 18,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 2B Boon Tiong Road (HDB)113 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 284 car lots
Blk 96 Havelock Road Mscp (HDB)202 m
S$0.60 per half-hour at midday on a weekday · gantry 1.9 m · 220 car lots
Outram Rd (URA)247 m
S$0.60 per half-hour at midday on a weekday · 27 car lots
Blks 4-8 Taman Ho Swee (HDB)342 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 82 car lots
Outram Hill (URA)353 m
S$0.60 per half-hour at midday on a weekday · 11 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: Ganges Ave Off St, 526 m away, S$90/month.

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

Who's registered at Tan Boon Liat Building?

Key takeaway214 live companies (and LLPs and branches; sole proprietors are not counted) list Tan Boon Liat Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
85
Financial and insurance
37
Professional, scientific and technical services
27
Transportation and storage
13
Accommodation and food services
12
Construction
11
Administrative and support services
9
Real estate
7
Manufacturing
6
Information and communications
3

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. Most registrations here are dead: this is a registered-office address (corporate secretaries), so the count says nothing about how busy the building is. ACRA, as of 2026-09-16.

Frequently asked questions about Tan Boon Liat Building

Where is Tan Boon Liat Building?⌄

Tan Boon Liat Building is at 315 Outram Road, Singapore 169074, in the Bukit Merah planning area.

What is Tan Boon Liat Building zoned as?⌄

Tan Boon Liat Building sits on land zoned business 1 under the URA Master Plan, with a gross plot ratio of 3.1.

What is the tenure of Tan Boon Liat Building?⌄

Tan Boon Liat Building is freehold.

What have units at Tan Boon Liat Building sold for?⌄

Across 7 recorded transactions, the median price is S$670 psf. The latest was in October 2005.

What is the nearest MRT station to Tan Boon Liat Building?⌄

Havelock MRT is the closest, 118 m away (about a 2-minute walk).

How many businesses are registered at Tan Boon Liat Building?⌄

249 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.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

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.

Managing agent: as BCA's MCST register names it; it can change between register updates.

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.

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, HDB car park information (data.gov.sg), 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.