CommercialRESIDENTIALFreeholdDistrict 15 · Marine Parade

The Makena

Reviewed by Nathan TangUpdated 8 November 2026Data through Jun 2013

Quick Summary

The Makena is a commercial building in District 15 · Marine Parade, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 2.8. It is freehold. 4 transactions are on record since 1995, most recently in Jun 2013. ACRA records 29 live company registrations at this address.

The facts are here — now get the verdict on The Makena.

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What are the key facts about The Makena?

Key takeawayThe Makena is a commercial building in District 15 · Marine Parade, zoned RESIDENTIAL, held freehold.

Asset class: Commercial
Land-use zone: RESIDENTIAL
Gross plot ratio: 2.8
Tenure: Freehold
District / Area: District 15 · Marine Parade
Address: 121 Meyer Road
Land area: 34,023 sqm
Completed: Not on record
Storeys: Not on record
Strata lots (whole development, MCST): 510
Managing agent: CHAMBERS PROPERTY MANAGEMENT SERVICES PTE LTD
Strata formed: 2000 (MCST 2428)
Submarket: City Fringe
Units with a recorded sale: At least 3
Transactions on record: 4 (records start 1995)
Live listings: None
ACRA registrations: 29

About The Makena

The Makena is a mixed-use building in Marine Parade (District 15). It is located along Meyer Road, Singapore 437932.

Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 2.8.

The site is freehold. It occupies roughly 34,023 sqm of land with about 95,264 sqm of gross floor area.

4 transactions have been recorded here, at a median of S$1,292 psf. The most recent was in June 2013.

39 businesses are currently registered at this address with ACRA.

The nearest MRT is Tanjong Katong MRT, 372 m away (about a 6-minute walk). The closest bus stop (Tg Katong Flyover) is 308 m away (about a 5-minute walk).

What is The Makena zoned as?

Key takeawayThe Makena sits on land zoned RESIDENTIAL with a gross plot ratio of 2.8.

Land-use zone: RESIDENTIAL
Gross plot ratio: 2.8

Run the full zoning report for this building →

What has The Makena sold for?

Key takeaway4 transactions are on record since 1995, most recently in Jun 2013 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Jun 2013	Retail	S$340k	194 sqft	$1,755
Jun 1999	Retail	S$295k	269 sqft	$1,096
May 1999	Retail	S$848k	689 sqft	$1,231
Apr 1998	Retail	S$262k	194 sqft	$1,352

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 The Makena rent for?

Key takeawayNo street- or building-level rent is published here. Across District 15 retail, retail space rented at a median of $9.14 psf a month in 2026Q3, with the middle half of leases between $7.55 and $14.01. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 15 retail

Region band · 2026Q3

25th pct

$7.55

$81.29 psm

Median

$9.14

$98.41 psm

75th pct

$14.01

$150.81 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 15 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 The Makena

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.

What do commercial rents run near The Makena?

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

Indicative area yield — District 15 retail

Gross yield (area)

3.7%

3.3% net of property tax

Rent side (median of bands)

$98.41 psm/mo

2026Q3

Price side (strata, 5y)

$2,956 psf

85 sales

An INDICATIVE AREA yield for District 15 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 15 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
B1 & Below · 30 & Below	$121.08	$139.73	$241.82
Level 1 · 30 & Below	$69.23	$85.38	$86.21
Level 2 & 3 · 30 & Below	$47.87	$67.50	$87.18
Level 1 · >30 - 100	$73.94	$87.91	$101.01
Level 2 & 3 · >30 - 100	$57.08	$76.47	$184.13
B1 & Below · >30 - 100	$88.64	$163.41	$259.82
Level 2 & 3 · >100 - 300	$93.30	$107.29	$126.41
Level 1 · >100 - 300	$69.67	$89.53	$113.56

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 The Makena?

Key takeawayThe nearest MRT/LRT is Tanjong Katong MRT, about 372 m away — and 1 competing retail premises operate nearby.

Getting around

Tanjong Katong MRT372 m · ~6 min

Amenities nearby

East Coast Family Clinic · 50 mMeyer Rd Pg · 101 mTg Katong Flyover · 308 mTanjong Katong MRT Exit 1 · 325 mEducational Institution · 791 m

Competing premises nearby

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

Katong V · 1.2 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at The Makena

Key takeawayThe nearest station is Tanjong Katong (TE25), 325 m away — a quiet station, with 6,135 taps in and out on an average weekday. No public car park we hold is within 500 m; the nearest is Tanjong Katong Rd Off St (URA), 1.0 km away, season S$90/month.

Foot traffic: busier than 1% of retail buildings

nearest MRT/LRT Tanjong Katong (TE25) 325 m, about 6,135 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 2, about 722 taps a weekday; Marine Parade: 12,786 resident workers (Census 2020, by workplace); about 17,000 residents within 1 km (June 2026); 0 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 Katong (TE25)325 m · 6,135 weekday taps
Katong Park (TE24)818 m · 7,004 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 The Makena. Transfers between lines don't tap, so interchanges read low.

Bus

2 bus stops within 400 m, with 722 boardings and alightings on an average weekday.

Who's registered at The Makena?

Key takeaway29 live companies (and LLPs and branches; sole proprietors are not counted) list The Makena as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
7
Professional, scientific and technical services
6
Financial and insurance
6
Information and communications
3
Education
2
Accommodation and food services
1
Manufacturing
1
Health and social services
1
Administrative and support services
1
Other services
1

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. Homes share this postal code, so some registrations are home-based. ACRA, as of 2026-09-16.

Frequently asked questions about The Makena

Where is The Makena?⌄

The Makena is at 121 Meyer Road, Singapore 437932, in the Marine Parade planning area.

What is The Makena zoned as?⌄

The Makena sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 2.8.

What is the tenure of The Makena?⌄

The Makena is freehold.

What have units at The Makena sold for?⌄

Across 4 recorded transactions, the median price is S$1,292 psf. The latest was in June 2013.

What is the nearest MRT station to The Makena?⌄

Tanjong Katong MRT is the closest, 372 m away (about a 6-minute walk).

How many businesses are registered at The Makena?⌄

39 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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This development is also registered as the residential project The Makena.

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from BCA's MCST register, PropKaki's submarket map, LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.