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 68 years remaining. 1 transaction is on record since 1995, most recently in Dec 2021. ACRA records 0 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
- 38 Tras Street
- Land area
- —
- Completed
- Not on record
- Storeys
- 3 (© OpenStreetMap contributors)
- Submarket
- City Fringe
- Transactions on record
- 1 (records start 1995)
- Live listings
- None
- ACRA registrations
- 0
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 078977.
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.
1 transaction has been recorded here, at a median of S$8,551 psf. The most recent was in December 2021.
The nearest MRT is Maxwell MRT, 241 m away (about a 4-minute walk). The closest bus stop (Bef Craig Rd) is 100 m away (about a 2-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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 |
|---|---|---|---|---|
| Dec 2021 | Shop House | S$11.10M | 1,298 sqft | $8,551 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Tanjong Pagar Conservation Area rent for?
Retail space on Tras Street
Street level · 2025Q3S$ per sq ft per month (median only published) · median +20% on a year earlier
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 · 2026Q3S$ per sq ft per month · median +4.2% on a year earlier
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 · 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.
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.
- 11 Oct 2023RenewedContinued use as restaurant
Continued use at the 1st storey unit of the 3-storey buildings ts03 on lot 00566x & 00567l at 38 and 40 tras street as restaurant (chinatown (tanjong pagar) conservation area)
- 7 Nov 2019RenewedContinued use as restaurant
Continued use at the 1st storey unit of the 3-storey buildings ts03 on lot 00566x & 00567l at 38 and 40 tras street as restaurant (chinatown (tanjong pagar) conservation area)
- 20 Nov 2018RenewedContinued use as restaurant
Continued use at the 1st storey unit of the 3-storey buildings ts03 on lot 00566x & 00567l at 38 and 40 tras street as restaurant (chinatown (tanjong pagar) conservation area)
- 3 Jan 2018RenewedContinued use as restaurant
Continued use at the 1st storey unit of the 3-storey buildings ts03 on lot 00566x & 00567l at 38 and 40 tras street as restaurant (chinatown (tanjong pagar) conservation area)
- 19 Jan 2017RenewedContinued use as restaurant
Continued use at the 1st storey unit of the 3-storey building ts03 on lot 00566x at 38 tras street as restaurant (chinatown (tanjong pagar) conservation area)
- 27 Sept 2016ApprovedAdditions & alterations
Proposed addition and alteration works to the 1st storey units of the 3-storey buildings with attic ts03 on lot 00566x & 00567l at 38 and 40 tras street (chinatown (tanjong pagar) conservation area)
- 21 Sept 2015RenewedContinued use as restaurant
Continued use at the 1st storey unit of the 3-storey building ts03 on lot 00566x at 38 tras street as restaurant (chinatown (tanjong pagar) conservation area)
- 21 Nov 2014RenewedContinued use as restaurant
Continued use at the 1st storey unit of the 3-storey building ts03 on lot 00566x at 38 tras street as restaurant (chinatown (tanjong pagar) conservation area)
- 20 Sept 2013ApprovedChange of use to restaurant
Change of use at the 1st storey unit of the 3-storey building ts03 on lot 00566x at 38 tras street to restaurant (chinatown (tanjong pagar) conservation area)
- 20 Aug 2013ApprovedChange of use to office cum residential
Change of use at the 2nd & 3rd storey units and roof mezzanine of the 3-storey building ts03 on lot 00566x at 38 tras street to office cum residential (soho) (chinatown (tanjong pagar) conservation area)
- 2 May 2013ApprovedAdditions & alterations
Proposed additions & alterations to existing 3-storey conserved building with attic, use as shop at the 1st and 2nd storey and use as office at the 3rd storey and attic on lot 00566x ts03 at 38 tras street (tanjong pagar conservation area)
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$54.50 per unit).
How does Tras Street price?
Too few strata sales on this street to support a median — the count is shown without one.
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Tanjong Pagar Conservation Area?
Indicative area yield — District 2 retail
An INDICATIVE AREA yield for District 2 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 2 ($ 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 near Tanjong Pagar Conservation Area?
Getting around
- Maxwell MRT241 m · ~4 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 Tanjong Pagar (EW15) 230 m, about 85,000 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); 5 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
- Tanjong Pagar (EW15)230 m · about 85,000 weekday taps
- Maxwell (TE18)241 m · about 23,000 weekday taps
- Outram Park (EW16 / NE3 / TE17)476 m · about 78,000 weekday taps
- Chinatown (NE4 / DT19)593 m · about 97,000 weekday taps
- Telok Ayer (DT18)598 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)19 m
- Cook St (URA)44 mS$1.20 per half-hour at midday on a weekday · 5 car lots
- Tanjong Pagar Rd (URA)50 mS$1.20 per half-hour at midday on a weekday · 26 car lots
- Backlane (Cook St) (URA)73 m
- Tras St (URA)95 mS$1.20 per half-hour at midday on a weekday · 66 car lots
Nearest URA season parking: Blair Road-Everton Roa D Area, 842 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?
- Construction0
- Wholesale and retail trade0
- Accommodation and food services0
- Financial and insurance0
- Administrative and support services0
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 38 Tras Street, Singapore 078977, 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 1 recorded transaction, the median price is S$8,551 psf. The latest was in December 2021.
What is the nearest MRT station to Tanjong Pagar Conservation Area?⌄
Maxwell MRT is the closest, 241 m away (about a 4-minute walk).
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.