CommercialCOMMERCIALConservationLeaseholdDistrict 2 · Outram

Tanjong Pagar Conservation Area

Reviewed by Nathan TangUpdated 8 November 2026Data through Mar 2021
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 68 years remaining. 6 transactions are on record since 1995, most recently in Mar 2021. 1 unit is currently listed for sale. ACRA records 0 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
34,36 Tras Street
Land area
—
Completed
Not on record
Storeys
3 (© OpenStreetMap contributors)
Submarket
City Fringe
Listed as
Shop / Shophouse
Transactions on record
6 (records start 1995)
Live listings
1
ACRA registrations
0
2

About Tanjong Pagar Conservation Area

Tanjong Pagar Conservation Area is a commercial conservation area in Outram (District 02). It is located along Tras Street, Singapore 079026.

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 68 years remaining on the lease.

6 transactions have been recorded here, at a median of S$1,730 psf. The most recent was in March 2021.

The nearest MRT is Maxwell MRT, 232 m away (about a 4-minute walk). The closest bus stop (Bef Craig Rd) is 111 m away (about a 2-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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 takeaway6 transactions are on record since 1995, most recently in Mar 2021 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Mar 2021Shop HouseS$12.00M2,017 sqft$5,949
Oct 2014Shop HouseS$10.00M2,017 sqft$4,957
Aug 2010Shop HouseS$3.83M2,017 sqft$1,899
Nov 2009Shop HouseS$3.15M2,017 sqft$1,562
Mar 2009Shop HouseS$2.30M2,017 sqft$1,140
Oct 2005Shop HouseS$1.41M2,017 sqft$699

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

5

What does space at Tanjong Pagar Conservation Area rent for?

Key takeawayNo rent is published for Tanjong Pagar Conservation Area itself. On its street, Tras Street, retail space rented at a median of $12.00 psf a month in 2025Q3. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Tras Street

Street level · 2025Q3
25th pct
—
— psm
Median
$12.00
$129.17 psm
75th pct
—
— psm

S$ per sq ft per month (median only published) · median +20% on a year earlier

2021Q4 · $113.68 psm2025Q3 · $129.17 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 Tras Street

Street level · 2026Q3
25th pct
$4.80
$51.67 psm
Median
$6.00
$64.56 psm
75th pct
$7.00
$75.32 psm

S$ per sq ft per month · median +4.2% on a year earlier

2023Q4 · $57.14 psm2026Q3 · $64.56 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 2 retail

Region band · 2026Q3
25th pct
$7.84
$84.37 psm
Median
$8.70
$93.65 psm
75th pct
$9.99
$107.51 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 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).

6

Market context around Tanjong Pagar Conservation Area

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.
CBRE, 2Q 2026 (island-wide)
  • Islandwide: Rent S$28.15 psf/mth
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026
  • Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m 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.

7

How fast units move at Tanjong Pagar Conservation Area

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 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.

8

What's been approved at Tanjong Pagar Conservation Area?

Key takeawayURA has approved 3 changes of use at Tanjong Pagar Conservation Area since 2000, most recently in 2026. 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

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.

  1. 7 Apr 2026Approved
    Change of use to restaurant

    Change of use at the 1st, 2nd storey and roof mezzanine units of the 2-storey buildings ts03 on lot 00565n at 34 & 36 tras street to restaurant (chinatown (tanjong pagar) conservation area)

  2. 13 Jul 2023Approved
    Change of use: office → restaurant

    Change of use of the roof mezzanine storey of the conserved 2-storey shophouse with attic ts03 on lot 00565n from office to restaurant at 34 and 36 tras street (chinatown (tanjong pagar) conservation area)

  3. 2 Aug 2010Approved
    Change of use: office → restaurant and attic as office of the 2-storey building

    Change of use of the 1st and 2nd-storey from office to restaurant and attic as office of the 2-storey building on lot 00106-0005 ts03 at 34 and 36 tras street (chinatown -tanjong pagar) (chinatown (tanjong pagar))

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).

9

How does Tras Street price?

Strata sales on the street (5y)
1

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.

10

What do commercial rents run near Tanjong Pagar Conservation Area?

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

Indicative area yield — District 2 retail

Gross yield (area)
3.8%
3.4% net of property tax
Rent side (median of bands)
$93.65 psm/mo
2026Q3
Price side (strata, 5y)
$2,752 psf
14 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, 2026Q3)

Floor level · size band25th pctMedian75th 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 band25th pctMedian75th 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.

11

What is available at Tanjong Pagar Conservation Area right now?

Key takeaway1 unit is currently listed at Tanjong Pagar Conservation Area. One row per unit; several agents often market the same unit.

For sale (1)

  • Tras Street2 agentsS$17.00M · 4,278 sqft

Browse every listing at this building →

12

What is near Tanjong Pagar Conservation Area?

Key takeawayThe nearest MRT/LRT is Maxwell MRT, about 232 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Heals Clinic · 47 mHotel · 51 mBef Craig Rd · 111 mPlace Of Worship · 139 mTras Link Pk · 233 mTanjong Pagar MRT Exit A · 239 mKreta Ayer Community Club · 335 mEducational Institution · 503 mOutram Polyclinic · 675 mOutram Community Hospital · 988 m

Competing premises nearby

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

Lotte Mart Pte. Ltd. · 55 mMaxwell Food Centre · 210 mIcon Village · 370 m

Straight-line distances. Source: PropKaki amenities data.

13

Getting there and parking at Tanjong Pagar Conservation Area

Key takeawayThe nearest station is Maxwell (TE18), 232 m away — a moderately busy station, with about 23,000 taps in and out on an average weekday. 48 public car parks are within 500 m.
Foot traffic: busier than 69% of retail buildings

nearest MRT/LRT Maxwell (TE18) 232 m, about 23,000 taps a weekday; 10 more stations within 1 km; bus stops within 400 m: 10, about 9,562 taps a weekday; Outram: 38,402 resident workers (Census 2020, by workplace); about 21,000 residents within 1 km (June 2026); 6 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)232 m · about 23,000 weekday taps
  • Tanjong Pagar (EW15)238 m · about 85,000 weekday taps
  • Outram Park (EW16 / NE3 / TE17)477 m · about 78,000 weekday taps
  • Chinatown (NE4 / DT19)584 m · about 97,000 weekday taps
  • Telok Ayer (DT18)587 m · about 37,000 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

10 bus stops within 400 m, with 9,562 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Backlane (Tras St - Co Ok St) (URA)15 m
  • Cook St (URA)34 m
    S$1.20 per half-hour at midday on a weekday · 5 car lots
  • Tanjong Pagar Rd (URA)56 m
    S$1.20 per half-hour at midday on a weekday · 26 car lots
  • Backlane (Cook St) (URA)64 m
  • Peck Seah St (URA)104 m
    S$1.20 per half-hour at midday on a weekday · 4 car lots

Nearest URA season parking: Blair Road-Everton Roa D Area, 849 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.

14

Who's registered at Tanjong Pagar Conservation Area?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list Tanjong Pagar Conservation Area as their registered address. These are registered businesses, not who occupies the space.
  • Real estate
    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.

15

Frequently asked questions about Tanjong Pagar Conservation Area

Where is Tanjong Pagar Conservation Area?⌄

Tanjong Pagar Conservation Area is at 34,36 Tras Street, Singapore 079026, 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 68 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 6 recorded transactions, the median price is S$1,730 psf. The latest was in March 2021.

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

Maxwell MRT is the closest, 232 m away (about a 4-minute walk).

For agents · in the PropKaki app

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