PropKaki
CommercialCOMMERCIAL & RESIDENTIALFreeholdDistrict 19 · Hougang

The Promenade@Pelikat

Reviewed by Nathan TangUpdated 24 September 2026Data through Jun 2026
Quick Summary

The Promenade@Pelikat is a commercial building in District 19 · Hougang, on land zoned COMMERCIAL & RESIDENTIAL under the URA Master Plan. It is freehold. 307 transactions are on record since 1995, at a median S$2,698 psf, most recently in Jun 2026. 58 units are currently listed for sale or rent. ACRA records 368 live company registrations at this address.

The facts are here — now get the verdict on The Promenade@Pelikat.Ask PropKaki
1

What are the key facts about The Promenade@Pelikat?

Key takeawayThe Promenade@Pelikat is a commercial building in District 19 · Hougang, zoned COMMERCIAL & RESIDENTIAL, held freehold.
Asset class
Commercial
Land-use zone
COMMERCIAL & RESIDENTIAL
Gross plot ratio
Subject to Evaluation
Tenure
Freehold
District / Area
District 19 · Hougang
Address
183 Jalan Pelikat
Land area
—
Transactions on record
307 (records start 1995)
Live listings
58
ACRA registrations
368
2

About The Promenade@Pelikat

The Promenade@Pelikat is a mixed-use building in Hougang (District 19). It is located along Jalan Pelikat, Singapore 537643.

Under the URA Master Plan it sits on land zoned commercial & residential.

The site is freehold.

307 transactions have been recorded here, at a median of S$2,698 psf. The most recent was in June 2026.

368 businesses are currently registered at this address with ACRA.

The nearest MRT is Kovan MRT, 624 m away (about a 10-minute walk). The closest bus stop (Opp Yuying Sec Sch) is 243 m away (about a 4-minute walk).

3

What is The Promenade@Pelikat zoned as?

Key takeawayThe Promenade@Pelikat sits on land zoned COMMERCIAL & RESIDENTIAL.
Land-use zone
COMMERCIAL & RESIDENTIAL
Gross plot ratio
Subject to Evaluation

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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 The Promenade@Pelikat sold for?

Key takeawayAcross 307 recorded transactions since 1995, the median price is about S$693k, most recently in Jun 2026.
DateUsePriceAreaPSF
Jun 2026RetailS$445k237 sqft$1,879
May 2026RetailS$413k237 sqft$1,744
Apr 2026RetailS$750k334 sqft$2,248
Jan 2026RetailS$368k205 sqft$1,799
Jan 2026RetailS$1.18M398 sqft$2,963
Oct 2025RetailS$450k205 sqft$2,200
Sept 2025RetailS$500k388 sqft$1,290
Jun 2025RetailS$363k183 sqft$1,984
Apr 2025RetailS$735k280 sqft$2,626
Jan 2025RetailS$490k237 sqft$2,069

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 Jalan Pelikat price?

Key takeawayAcross 23 strata sales on Jalan Pelikat in the last 5 years, the median is $2,061 psf.
Strata sales on the street (5y)
23
Street median PSF (strata)
$2,061

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

6

What do commercial rents run near The Promenade@Pelikat?

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

Indicative area yield — District 19 retail

Gross yield (area)
10.4%
9.4% net of property tax
Rent side (median of bands)
$203.46 psm/mo
2026Q2
Price side (strata, 5y)
$2,179 psf
70 sales

An INDICATIVE AREA yield for District 19 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 19 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
B1 & Below · 30 & Below$63.18$70.59$323.45
Level 2 & 3 · 30 & Below$44.44$66.00$73.08
Level 1 · 30 & Below$65.69$92.24$377.30
Level 2 & 3 · >30 - 100$147.73$234.51$281.12
Level 1 · >30 - 100$107.69$250.70$306.57
B1 & Below · >30 - 100$257.47$297.67$372.67
Level 2 & 3 · >100 - 300$109.91$140.32$169.42
Level 1 · >100 - 300$183.40$220.71$251.55

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 Promenade@Pelikat right now?

Key takeaway58 units are currently listed at The Promenade@Pelikat — 41 for sale and 17 for rent. One row per unit; several agents often market the same unit.

For sale (41)

  • The Promenade@Pelikat2 agentsS$630k · 323 sqft
  • The Promenade @ PelikatS$550k · 205 sqft
  • The Promenade @ PelikatS$620k · 236 sqft
  • The Promenade @ PelikatS$699k · 280 sqft

For rent (17)

  • The Promenade@Pelikat2 agentsS$1k/mo · 165 sqft
  • The Promenade@PelikatS$2k/mo · 237 sqft
  • The Promenade @ PelikatS$2k/mo · 312 sqft
  • The Promenade @ PelikatS$3k/mo · 280 sqft

Browse every listing at this building →

8

What is near The Promenade@Pelikat?

Key takeawayThe nearest MRT/LRT is Kovan MRT, about 624 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Aljunied Community Centre · 201 mAroozoo Ave Pg · 212 mOpp Yuying Sec Sch · 243 mEducational Institution · 274 mLondon (MH) Clinic & Surgery · 278 mPlace Of Worship · 363 mKovan MRT Exit C · 589 mHotel · 998 mBusiness Park · 1.4 km

Competing premises nearby

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

Blk 105 Hougang Ave 1 · 287 mPrime Supermarket (1996) Pte Ltd · 361 mHeartland Mall Kovan · 558 m

Straight-line distances. Source: PropKaki amenities data.

9

How many companies are registered at The Promenade@Pelikat?

Key takeawayACRA records 368 live company registrations at this address, 154 of them in the last three years.
Live registrations
368
Registered last 3 years
154
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 Promenade@Pelikat

Where is The Promenade@Pelikat?⌄

The Promenade@Pelikat is at 183 Jalan Pelikat, Singapore 537643, in the Hougang planning area.

What is The Promenade@Pelikat zoned as?⌄

The Promenade@Pelikat sits on land zoned commercial & residential under the URA Master Plan.

What is the tenure of The Promenade@Pelikat?⌄

The Promenade@Pelikat is freehold.

What have units at The Promenade@Pelikat sold for?⌄

Across 307 recorded transactions, the median price is S$2,698 psf. The latest was in June 2026.

What is the nearest MRT station to The Promenade@Pelikat?⌄

Kovan MRT is the closest, 624 m away (about a 10-minute walk).

How many businesses are registered at The Promenade@Pelikat?⌄

368 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 Promenade@Pelikat.