CommercialCOMMERCIALConservationLeaseholdDistrict 2 · Outram

Tanjong Pagar Conservation Area

Reviewed by Nathan TangUpdated 10 August 2026Data through Oct 1999
Quick Summary

Tanjong Pagar Conservation Area is a commercial building in District 2 · Outram, on land zoned COMMERCIAL under the URA Master Plan. It is leasehold with roughly 62 years remaining. 1 transaction is on record since 1995, most recently in Oct 1999. ACRA records 2 live company registrations at this address.

1

What are the key facts about Tanjong Pagar Conservation Area?

Key takeawayTanjong Pagar Conservation Area is a commercial building in District 2 · Outram, zoned COMMERCIAL, held leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
Subject to Evaluation
Tenure
Leasehold
District / Area
District 2 · Outram
Address
27,27a Neil Road
Land area
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
2
2

About Tanjong Pagar Conservation Area

Tanjong Pagar Conservation Area is a commercial conservation area in Outram (District 02). It is located along Neil Road, Singapore 088817.

Under the URA Master Plan it sits on land zoned commercial. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines. It lies inside the Central Area.

The site is leasehold, with about 62 years remaining on the lease.

1 transaction has been recorded here, at a median of S$870 psf. The most recent was in October 1999.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Maxwell MRT, 101 m away (about a 2-minute walk). The closest bus stop (Opp Fairfield Meth Ch) is 61 m away (about a 1-minute walk).

3

What is Tanjong Pagar Conservation Area zoned as?

Key takeawayTanjong Pagar Conservation Area sits on land zoned COMMERCIAL, with conservation status, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
Subject to Evaluation
Conservation area
Chinatown (Tanjong Pagar)
Conserved building
Yes
Urban design area
Udga
Central Area
Yes

URA has not published a fixed plot ratio for this site — the Master Plan records "EVA" (Subject to Evaluation), meaning intensity is decided case by case on application. Do not quote a plot ratio, and do not compute buildable GFA from it.

Run the full zoning report for this building →

4

What has Tanjong Pagar Conservation Area sold for?

Key takeaway1 transaction is on record since 1995, most recently in Oct 1999 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Oct 1999Shop HouseS$1.16M1,334 sqft$870

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.

5

What do commercial rents run near Tanjong Pagar Conservation Area?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 2 retail

Gross yield (area)
4.0%
3.6% net of property tax
Rent side (median of bands)
$98.21 psm/mo
2026Q2
Price side (strata, 5y)
$2,762 psf
13 sales

An INDICATIVE AREA yield for District 2 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 2 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$117.18$135.69$145.64
Level 4 & Above · 30 & Below$133.48$175.00$176.97
Level 2 & 3 · 30 & Below$88.69$92.35$103.79
B1 & Below · >30 - 100$182.74$186.04$189.76
Level 1 · >30 - 100$92.17$98.21$149.16
Level 2 & 3 · >30 - 100$83.42$86.12$95.80
Level 1 · >100 - 300$32.29$69.32$110.19

Office rents — Central Area ($ psm/month, 2026Q2)

Building class · size band25th pctMedian75th pct
Category 1 · 100 & Below$91.40$96.39$119.48
Category 2 · 100 & Below$57.98$71.59$86.82
Category 1 · >100 - 200$113.24$120.54$144.36
Category 2 · >100 - 200$59.40$77.88$96.88
Category 2 · >200 - 500$69.97$89.34$97.94
Category 1 · >200 - 500$112.64$129.70$148.82
Category 1 · >500 - 1000$119.97$136.70$147.13
Category 2 · >500 - 1000$55.42$82.91$92.66

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.

6

What is near Tanjong Pagar Conservation Area?

Key takeawayThe nearest MRT/LRT is Maxwell MRT, about 101 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Maxwell MRT Exit 3 · 55 mOpp Fairfield Meth Ch · 61 mPlace Of Worship · 86 mGrace Clinic · 110 mKreta Ayer Community Club · 153 mHotel · 155 mDuxton Plain Pk · 250 mEducational Institution · 496 mOutram Polyclinic · 549 mSingapore General Hospital · 854 m

Competing premises nearby

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

Hong Heng Seng · 150 mMaxwell Food Centre · 171 mIcon Village · 539 m

Straight-line distances. Source: PropKaki amenities data.

7

How many companies are registered at Tanjong Pagar Conservation Area?

Key takeawayACRA records 2 live company registrations at this address, 1 of them in the last three years.
Live registrations
2
Registered last 3 years
1
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.

8

Frequently asked questions about Tanjong Pagar Conservation Area

Where is Tanjong Pagar Conservation Area?

Tanjong Pagar Conservation Area is at 27,27A Neil Road, Singapore 088817, in the Outram planning area.

What is Tanjong Pagar Conservation Area zoned as?

Tanjong Pagar Conservation Area sits on land zoned commercial under the URA Master Plan.

What is the tenure of Tanjong Pagar Conservation Area?

Tanjong Pagar Conservation Area is leasehold. About 62 years remain on the lease.

Is Tanjong Pagar Conservation Area a conserved property?

Yes. Tanjong Pagar Conservation Area falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at Tanjong Pagar Conservation Area sold for?

Across 1 recorded transaction, the median price is S$870 psf. The latest was in October 1999.

What is the nearest MRT station to Tanjong Pagar Conservation Area?

Maxwell MRT is the closest, 101 m away (about a 2-minute walk).

How many businesses are registered at Tanjong Pagar Conservation Area?

2 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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