CommercialCOMMERCIALConservationLeaseholdDistrict 2 · Outram

Tanjong Pagar Conservation Area

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 2012
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 67 years remaining. 1 transaction is on record since 1995, most recently in Nov 2012. 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
51,53,55,57 Tras Street
Land area
—
Completed
Not on record
Storeys
Not on record
Submarket
City Fringe
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 Tras Street, Singapore 078996.

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 67 years remaining on the lease.

1 transaction has been recorded here, at a median of S$4,199 psf. The most recent was in November 2012.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Tanjong Pagar MRT, 207 m away (about a 3-minute walk). The closest bus stop (Bef Craig Rd) is 95 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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 takeaway1 transaction is on record since 1995, most recently in Nov 2012 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Nov 2012Shop HouseS$26.50M6,311 sqft$4,199

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

What's been approved at Tanjong Pagar Conservation Area?

Key takeawayURA has approved 13 changes of use at Tanjong Pagar Conservation Area since 2000, most recently in 2024. 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 Oct 2026Renewed
    Continued use as restaurant and bar

    Continued use at the 1st storey unit of the 3-storey building ts03 on lot 00520n at 51 tras street as restaurant and bar (chinatown (tanjong pagar) conservation area)

  2. 21 Aug 2026Renewed
    Continued use as restaurant

    Continued use at the 1st storey unit of the 3-storey building ts03 on lot 00523c at 57 tras street as restaurant (chinatown (tanjong pagar) conservation area)

  3. 18 Mar 2026Renewed
    Continued use as restaurant

    Continued use at the 1st storey unit of the 3-storey building ts03 on lot 00522l at 55 tras street as restaurant (chinatown (tanjong pagar) conservation area)

  4. 29 Nov 2024Renewed
    Continued use as restaurant and bar

    Continued use at the 1st storey unit of the 3-storey building ts03 on lot 00520n at 51 tras street as restaurant and bar (chinatown (tanjong pagar) conservation area)

  5. 29 Oct 2024Approved
    Change of use to restaurant

    Change of use at the 1st storey unit of the 3-storey building ts03 on lot 00523c at 57 tras street to restaurant (chinatown (tanjong pagar) conservation area)

  6. 20 Mar 2024Approved
    Change of use to restaurant

    Change of use at the 1st storey unit of the 3-storey building ts03 on lot 00522l at 55 tras street to restaurant (chinatown (tanjong pagar) conservation area)

  7. 20 Dec 2023Renewed
    Continued use as restaurant and bar

    Continued use at the 1st storey unit of the 3-storey building ts03 on lot 00520n at 51 tras street as restaurant and bar (chinatown (tanjong pagar) conservation area)

  8. 13 Dec 2023Renewed
    Continued use as shop

    Continued use at the 2nd storey unit of the 3-storey building ts03 on lot 00521x at 53 tras street as shop (beauty salon) (chinatown (tanjong pagar) conservation area)

  9. 22 Dec 2022Approved
    Change of use to restaurant & bar

    Change of use at the 1st storey unit of the 3-storey building ts03 on lot 00520n at 51 tras street to restaurant & bar (chinatown (tanjong pagar) conservation area)

  10. 11 Oct 2021Approved
    Change of use to cafe

    Change of use at the 1st and 2nd storey unit of the 3-storey building ts03 on lot 00520n at 51 tras street to cafe (chinatown (tanjong pagar)

  11. 14 Sept 2021Approved
    Change of use to restaurant

    Change of use at the 1st storey units of the 3-storey buildings ts03 on lot 00521x at 57 tras street to restaurant (chinatown (tanjong pagar) conservation area)

  12. 25 Nov 2020Approved
    Change of use to shop

    Change of use at the 2nd storey unit of the 3-storey building ts03 on lot 00521x at 53 tras street to shop (beauty salon) (chinatown (tanjong pagar) conservation area)

23 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).

8

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.

9

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.

10

What is near Tanjong Pagar Conservation Area?

Key takeawayThe nearest MRT/LRT is Tanjong Pagar MRT, about 207 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Heals Clinic · 20 mHotel · 22 mBef Craig Rd · 95 mTanjong Pagar MRT Exit A · 177 mTras Link Pk · 187 mPlace Of Worship · 196 mTanjong Pagar Community Club · 383 mEducational Institution · 503 mOutram Polyclinic · 709 mOutram Community Hospital · 1.0 km

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. · 69 mBlk 6 Tanjong Pagar Plaza · 213 mIcon Village · 312 m

Straight-line distances. Source: PropKaki amenities data.

11

Getting there and parking at Tanjong Pagar Conservation Area

Key takeawayThe nearest station is Tanjong Pagar (EW15), 177 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 46 public car parks are within 500 m.
Foot traffic: busier than 79% of retail buildings

nearest MRT/LRT Tanjong Pagar (EW15) 177 m, about 85,000 taps a weekday; 9 more stations within 1 km; bus stops within 400 m: 13, about 16,000 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)177 m · about 85,000 weekday taps
  • Maxwell (TE18)293 m · about 23,000 weekday taps
  • Outram Park (EW16 / NE3 / TE17)522 m · about 78,000 weekday taps
  • Prince Edward Road (CC32)562 m · 3,673 weekday taps
  • Shenton Way (TE19)598 m · about 32,000 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

13 bus stops within 400 m, with about 16,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Peck Seah St (URA)49 m
    S$1.20 per half-hour at midday on a weekday · 4 car lots
  • Tras St (URA)55 m
    S$1.20 per half-hour at midday on a weekday · 66 car lots
  • Backlane (Tras St - Co Ok St) (URA)74 m
  • Backlane (Peck Seah St - Tras St) (URA)86 m
  • Tanjong Pagar Rd (URA)90 m
    S$1.20 per half-hour at midday on a weekday · 26 car lots

Nearest URA season parking: Blair Road-Everton Roa D Area, 858 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.

12

Who's registered at Tanjong Pagar Conservation Area?

Key takeaway2 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.
  • Wholesale and retail trade
    1
  • Information and communications
    1
  • Administrative and support services
    0
  • Accommodation and food services
    0
  • Financial and insurance
    0
  • Professional, scientific and technical services
    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.

13

Frequently asked questions about Tanjong Pagar Conservation Area

Where is Tanjong Pagar Conservation Area?⌄

Tanjong Pagar Conservation Area is at 51,53,55,57 Tras Street, Singapore 078996, 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 67 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$4,199 psf. The latest was in November 2012.

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

Tanjong Pagar MRT is the closest, 207 m away (about a 3-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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