Tanjong Pagar Conservation Area
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 Nov 2016. 5 units are currently listed for sale or rent. ACRA records 2 live company registrations at this address.
What are the key facts about Tanjong Pagar Conservation Area?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- Subject to Evaluation
- Tenure
- Leasehold
- District / Area
- District 2 · Outram
- Address
- 40 Craig Road
- Land area
- —
- Completed
- Not on record
- Storeys
- 2 (© OpenStreetMap contributors)
- Submarket
- City Fringe
- Listed as
- Shop / Shophouse, Food & Beverage
- Transactions on record
- 1 (records start 1995)
- Live listings
- 5
- ACRA registrations
- 2
About Tanjong Pagar Conservation Area
Tanjong Pagar Conservation Area is a commercial conservation area in Outram (District 02). It is located along Craig Road, Singapore 089678.
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$3,795 psf. The most recent was in November 2016.
1 business is currently registered at this address with ACRA.
The nearest MRT is Maxwell MRT, 343 m away (about a 5-minute walk). The closest bus stop (Bef The Pinnacle @Duxton) is 58 m away (about a 1-minute walk).
What is Tanjong Pagar Conservation Area zoned as?
- 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 Do not quote a plot ratio, and do not compute buildable GFA from it.
What has Tanjong Pagar Conservation Area sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Nov 2016 | Shop House | S$6.00M | 1,581 sqft | $3,795 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Tanjong Pagar Conservation Area rent for?
Retail space — District 2 retail
Region band · 2026Q3S$ 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 2 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 Tanjong Pagar Conservation Area
- Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft
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 Tanjong Pagar Conservation Area
Rent: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 0 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, 1 new listing appeared and 0 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 Tanjong Pagar Conservation Area?
No new bars, pubs, nightclubs or karaoke lounges (a Historic Conservation Area).
Per URA's Use of Buildings in Conservation Areas. 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.
- 17 Oct 2025ApprovedChange of use to shop
Change of use at the 1st storey unit of the 2-storey building ts23 on lot 00897a at 40 craig road to shop (chinatown (tanjong pagar) conservation area)
- 10 Apr 2019RenewedContinued use as restaurant
Change of use at the 1st and 2nd storey unit of the 2-storey building ts23 on lot 00897a at 40 craig road to restaurant (chinatown (tanjong pagar) conservation area)
- 19 Apr 2018RenewedContinued use as restaurant
Change of use at the 1st and 2nd storey unit of the 2-storey building ts23 on lot 00897a at 40 craig road to restaurant (chinatown (tanjong pagar) conservation area)
- 18 May 2016RenewedContinued use as restaurant
Continued use at the 2nd storey unit of the 2-storey building ts23 on lot 00897a at 40 craig road as restaurant (chinatown (tanjong pagar) conservation area)
- 30 Apr 2015RenewedContinued use as restaurant
Continued use at the 2nd storey unit of the 2-storey building ts23 on lot 00897a at 40 craig road as restaurant (chinatown (tanjong pagar) conservation area)
- 5 Jun 2014ApprovedChange of use to restaurant
Change of use at the 2nd storey unit of the 2-storey building ts23 on lot 00897a at 40 craig road to restaurant (chinatown (tanjong pagar) conservation area)
- 17 Aug 2011ApprovedChange of use to restaurant
Change of use at 1st storey unit of the 2-storey building ts23 on lot 897a at 40 craig road to restaurant
- 25 Mar 2011ApprovedAdditions & alterations
Proposed addition and alteration to existing 2-storey conserved building and use on 1st, 2nd sty and use on new roof mezzanine as office
- 5 Mar 2010RenewedContinued use as nightclub
Continued use of unit 40 craig as a nightclub (pub with customer singing karaoke) ts23 on lot 00896t at 40 craig road (chinatown (tanjong pagar))
- 21 Apr 2009ApprovedChange of use: karaoke lounge → night club
Change of use of the 01-storey of the 2-storey building from karaoke lounge(pub with karaoke) to night club(pub with singing karaoke by customer) ts23 on lot 00897a at 40 craig road (chinatown (tanjong pagar))
- 18 Nov 2008RenewedContinued use as pub ts23
Continued use of the #1-XXy unit #40 at craig road as pub ts23 on lot 00896t at 40 craig road (chinatown (tanjong pagar))
- 17 Oct 2007ApprovedChange of use: shop → bar/pub chinatown
Proposed change of use of the 1st storey from shop to bar/pub chinatown (tanjong pagar)
2 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$54.50 per unit).
What do commercial rents run near Tanjong Pagar Conservation Area?
Indicative area yield — District 2 retail
An INDICATIVE AREA yield for District 2 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 2 ($ psm/month, 2026Q3)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Level 2 & 3 · 30 & Below | $92.88 | $96.94 | $102.26 |
| Level 1 · 30 & Below | $110.68 | $117.65 | $134.18 |
| Level 1 · >30 - 100 | $80.88 | $88.43 | $172.22 |
| Level 2 & 3 · >30 - 100 | $86.12 | $91.49 | $91.50 |
| B1 & Below · >30 - 100 | $247.81 | $267.74 | $283.87 |
| Level 4 & Above · >30 - 100 | $80.14 | $84.93 | $88.40 |
| Level 2 & 3 · >100 - 300 | $82.62 | $95.80 | $112.75 |
| Level 1 · >100 - 300 | $28.40 | $52.68 | $96.53 |
Office rents — Central Area ($ psm/month, 2026Q3)
| Building class · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Category 2 · 100 & Below | $54.65 | $69.39 | $88.80 |
| Category 1 · 100 & Below | $103.62 | $122.24 | $132.43 |
| Category 1 · >100 - 200 | $116.28 | $126.99 | $148.35 |
| Category 2 · >100 - 200 | $65.57 | $82.87 | $97.63 |
| Category 1 · >200 - 500 | $114.67 | $128.09 | $145.77 |
| Category 2 · >200 - 500 | $64.83 | $82.57 | $94.73 |
| Category 1 · >500 - 1000 | $106.56 | $137.78 | $148.23 |
| Category 2 · >500 - 1000 | $85.04 | $89.34 | $109.80 |
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 Tanjong Pagar Conservation Area right now?
For sale (3)
- Tanjong Pagar Conservation AreaS$9.80M · 3,150 sqft
- Tanjong Pagar Conservation AreaS$30.00M · 7,379 sqft
- Tanjong Pagar Conservation AreaS$14.00M · 3,850 sqft
For rent (2)
- Tanjong Pagar Conservation AreaS$16k/mo · 1,457 sqft
- Tanjong Pagar Conservation AreaS$19k/mo · 1,457 sqft
What is near Tanjong Pagar Conservation Area?
Getting around
- Maxwell MRT343 m · ~5 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.
Getting there and parking at Tanjong Pagar Conservation Area
nearest MRT/LRT Maxwell (TE18) 251 m, about 23,000 taps a weekday; 7 more stations within 1 km; bus stops within 400 m: 15, about 19,000 taps a weekday; Outram: 38,402 resident workers (Census 2020, by workplace); about 23,000 residents within 1 km (June 2026); 4 other malls 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
- Maxwell (TE18)251 m · about 23,000 weekday taps
- Outram Park (EW16 / NE3 / TE17)274 m · about 78,000 weekday taps
- Tanjong Pagar (EW15)382 m · about 85,000 weekday taps
- Cantonment (CC31)631 m · 3,987 weekday taps
- Chinatown (NE4 / DT19)651 m · about 97,000 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 Tanjong Pagar Conservation Area. Transfers between lines don't tap, so interchanges read low.
Bus
15 bus stops within 400 m, with about 19,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Neil Rd (URA)128 mS$1.20 per half-hour at midday on a weekday · 7 car lots
- Neil Rd Off St (URA)128 mS$1.20 per half-hour at midday on a weekday · 15 car lots
- Backlane (Keong Saik R D) (URA)129 m
- Backlane (Bukit Pasoh Rd) (URA)152 m
- Bukit Pasoh Rd (URA)153 mS$1.20 per half-hour at midday on a weekday · 35 car lots
Nearest URA season parking: Blair Road-Everton Roa D Area, 582 m away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. Tanjong Pagar Conservation Area's own car park, if it has one, and its charges are not in the open data.
Who's registered at Tanjong Pagar Conservation Area?
- Professional, scientific and technical services1
- Wholesale and retail trade1
- Accommodation and food services0
- Financial and insurance0
- Real estate0
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 Tanjong Pagar Conservation Area
Where is Tanjong Pagar Conservation Area?⌄
Tanjong Pagar Conservation Area is at 40 Craig Road, Singapore 089678, 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$3,795 psf. The latest was in November 2016.
What is the nearest MRT station to Tanjong Pagar Conservation Area?⌄
Maxwell MRT is the closest, 343 m away (about a 5-minute walk).
How many businesses are registered at Tanjong Pagar Conservation Area?⌄
1 business is 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 Tanjong Pagar Conservation Area.
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.