CommercialCOMMERCIALConservationFreeholdDistrict 15 · Marine Parade

The Modules

Reviewed by Nathan TangUpdated 10 August 2026Data through Sept 2025
Quick Summary

The Modules is a commercial building in District 15 · Marine Parade, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 3.0. It is freehold. 94 transactions are on record since 1995, most recently in Sept 2025. 9 units are currently listed for sale or rent. ACRA records 67 live company registrations at this address.

1

What are the key facts about The Modules?

Key takeawayThe Modules is a commercial building in District 15 · Marine Parade, zoned COMMERCIAL, held freehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
3.0
Tenure
Freehold
District / Area
District 15 · Marine Parade
Address
387 Joo Chiat Road
Land area
803 sqm
Transactions on record
94 (records start 1995)
Live listings
9
ACRA registrations
67
2

About The Modules

The Modules is a mixed-use building in Marine Parade (District 15). It is located along Joo Chiat Road, Singapore 427623.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 3. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines.

The site is freehold. It occupies roughly 803 sqm of land with about 2,410 sqm of gross floor area.

94 transactions have been recorded here, at a median of S$1,284 psf. The most recent was in September 2025.

67 businesses are currently registered at this address with ACRA.

The nearest MRT is Marine Parade MRT, 608 m away (about a 10-minute walk). The closest bus stop (Aft Duku Rd) is 38 m away (about a 1-minute walk). i12 Katong is 335 m away (about a 5-minute walk).

3

What is The Modules zoned as?

Key takeawayThe Modules sits on land zoned COMMERCIAL with a gross plot ratio of 3.0, with conservation status.
Land-use zone
COMMERCIAL
Gross plot ratio
3.0
Conservation area
Joo Chiat

Run the full zoning report for this building →

4

What has The Modules sold for?

Key takeawayAcross 94 recorded transactions since 1995, the median price is about S$638k, most recently in Sept 2025.
DateUsePriceAreaPSF
Sept 2025OfficeS$1.75M840 sqft$2,084
Jun 2025OfficeS$830k398 sqft$2,084
May 2025OfficeS$1.10M495 sqft$2,222
Feb 2025OfficeS$880k441 sqft$1,994
Jan 2025OfficeS$1.08M495 sqft$2,181
Aug 2024OfficeS$789k366 sqft$2,156
Aug 2024OfficeS$931k452 sqft$2,059
Aug 2024OfficeS$1.12M538 sqft$2,081
Mar 2024OfficeS$1.54M840 sqft$1,833
Aug 2023OfficeS$912k474 sqft$1,925

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.

5

How does Joo Chiat Road price?

Key takeawayAcross 67 strata sales on Joo Chiat Road in the last 5 years, the median is $1,883 psf.
Strata sales on the street (5y)
67
Street median PSF (strata)
$1,883

Street figures cover strata deals only — land and strata PSF are not comparable.

6

What do commercial rents run near The Modules?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 15 retail

Gross yield (area)
4.2%
3.8% net of property tax
Rent side (median of bands)
$109.64 psm/mo
2026Q2
Price side (strata, 5y)
$2,890 psf
86 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, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$60.00$91.67$123.00
B1 & Below · 30 & Below$75.81$109.64$243.47
Level 2 & 3 · 30 & Below$68.24$125.48$215.03
Level 4 & Above · >30 - 100$50.75$55.22$59.76
Level 1 · >30 - 100$89.55$111.66$176.50
Level 2 & 3 · >30 - 100$74.56$115.04$179.95
B1 & Below · >30 - 100$96.86$112.98$285.03
Level 1 · >100 - 300$100.81$136.47$176.70

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.

7

What is available at The Modules right now?

Key takeaway9 units are currently listed at The Modules5 for sale and 4 for rent. One row per unit; several agents often market the same unit.

For sale (5)

  • The ModulesS$2.38M · 980 sqft
  • The ModulesS$1.10M · 451 sqft
  • The Modules2 agentsS$920k · 366 sqft
  • The Modules2 agentsS$1.14M · 474 sqft

For rent (4)

  • The Modules3 agentsS$3k/mo · 452 sqft
  • The Modules2 agentsS$2k/mo · 330 sqft
  • The ModulesS$3k/mo · 474 sqft
  • The ModulesS$5k/mo · 980 sqft

Browse every listing at this building →

8

What is near The Modules?

Key takeawayThe nearest MRT/LRT is Marine Parade MRT, about 608 m away.

Getting around

Amenities nearby

Aft Duku Rd · 38 mJoo Chiat Community Club · 74 mPlace Of Worship · 138 mLee Clinic · 178 mHotel · 233 mDunman Food Centre · 276 mTanesei Retailing Pte. Ltd. · 335 mi12 Katong · 335 mEducational Institution · 336 mKoon Seng Park · 361 m

Straight-line distances. Source: PropKaki amenities data.

9

How many companies are registered at The Modules?

Key takeawayACRA records 67 live company registrations at this address, 28 of them in the last three years.
Live registrations
67
Registered last 3 years
28
Most common type
Local Company

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.

10

Frequently asked questions about The Modules

Where is The Modules?

The Modules is at 387 Joo Chiat Road, Singapore 427623, in the Marine Parade planning area.

What is The Modules zoned as?

The Modules sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of The Modules?

The Modules is freehold.

Is The Modules a conserved property?

Yes. The Modules falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at The Modules sold for?

Across 94 recorded transactions, the median price is S$1,284 psf. The latest was in September 2025.

What is the nearest MRT station to The Modules?

Marine Parade MRT is the closest, 608 m away (about a 10-minute walk).

How many businesses are registered at The Modules?

67 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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