Upper Serangoon Shopping Centre
Upper Serangoon Shopping Centre is a commercial building in District 19 · Hougang, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 2.8. It is freehold. 64 transactions are on record since 1995, at a median S$1,249 psf, most recently in Jul 2024. 11 units are currently listed for sale or rent. ACRA records 71 live company registrations at this address.
What are the key facts about Upper Serangoon Shopping Centre?
- Asset class
- Commercial
- Land-use zone
- RESIDENTIAL
- Gross plot ratio
- 2.8
- Tenure
- Freehold
- District / Area
- District 19 · Hougang
- Address
- 756 Upper Serangoon Road
- Land area
- 3,996 sqm
- Completed
- Not on record
- Storeys
- 5 (© OpenStreetMap contributors)
- Strata lots (whole development, MCST)
- 173
- Managing agent
- NEWMAN SRE PTE LTD
- Strata formed
- 1989 (MCST 1479)
- Submarket
- Suburban
- Units with a recorded sale
- At least 46
- Transactions on record
- 64 (records start 1995)
- Live listings
- 11
- ACRA registrations
- 71
About Upper Serangoon Shopping Centre
Upper Serangoon Shopping Centre is a mixed-use building in Hougang (District 19). It is located along Upper Serangoon Road, Singapore 534626.
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 3,996 sqm of land with about 11,188 sqm of gross floor area.
64 transactions have been recorded here, at a median of S$1,248 psf. The most recent was in July 2024.
203 businesses are currently registered at this address with ACRA.
The nearest MRT is Serangoon MRT, 744 m away (about a 12-minute walk). The closest bus stop (Aft Upp S'goon Shop Ctr) is 92 m away (about a 1-minute walk).
What is Upper Serangoon Shopping Centre zoned as?
- Land-use zone
- RESIDENTIAL
- Gross plot ratio
- 2.8
What has Upper Serangoon Shopping Centre sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Jul 2024 | Retail | S$580k | 248 sqft | $2,343 |
| May 2024 | Office | S$550k | 205 sqft | $2,689 |
| May 2024 | Retail | S$510k | 248 sqft | $2,060 |
| Feb 2024 | Retail | S$350k | 183 sqft | $1,913 |
| Oct 2023 | Retail | S$1.08M | 570 sqft | $1,893 |
| Oct 2023 | Retail | S$2.45M | 1,507 sqft | $1,626 |
| Aug 2023 | Retail | S$388k | 205 sqft | $1,897 |
| Aug 2023 | Office | S$428k | 205 sqft | $2,093 |
| Apr 2023 | Retail | S$485k | 258 sqft | $1,877 |
| Apr 2023 | Office | S$370k | 183 sqft | $2,022 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Upper Serangoon Shopping Centre rent for?
Office space on Upper Serangoon Road
Street level · 2026Q3S$ per sq ft per month · median -41.1% 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 on Upper Serangoon Road
Street level · 2026Q3S$ per sq ft per month · median +12.1% 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).
Retail space — District 19 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 19 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 Upper Serangoon Shopping Centre
- Suburban: Rent S$33.36 psf/mth · Vacancy 5.7% (1Q 2026) · Planned / under construction 1.53m 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).
- Earlier: A collective sale tender launched Apr 2025 at a guide price of S$260 million was relaunched later; no sale was reported. EdgeProp Singapore
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.
How fast units move at Upper Serangoon Shopping Centre
Rent: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 2 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.
Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 1 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.
One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.
What's been approved at Upper Serangoon Shopping Centre?
- 19 Jun 2026RenewedFloor 1Continued use as function hall
Continued use of units #01-XX, #01-XX, #01-XX, #01-XX, #01-XX and #01-XX as function hall
- 12 May 2026ApprovedFloor 2Change of use to amusement centre
Proposed change of use of unit #02-XX of upper serangoon shopping centre to amusement centre
- 31 Mar 2026ApprovedFloor 1Change of use to commercial school
Proposed change of use of unit #01-XX to commercial school
- 20 Feb 2026RenewedFloor 3Continued use as wedding function hall
Continued use of unit #03-XX as wedding function hall
- 17 Jul 2025RefusedFloor 1Change of use to massage establishment
Proposed change of use of unit #01-XX to massage establishment
- 17 Jul 2025RenewedFloor 1Continued use as function hall
Continued use of units #01-XX, #01-XX, #01-XX, #01-XX, #01-XX and #01-XX as function hall
- 30 Jun 2025RenewedFloor 2Continued use as gym/fitness centre
Continued use of unit #02-XX as gym/fitness centre
- 28 Feb 2025RenewedFloor 1Continued use as restaurant
Continued use of unit #01-XX as restaurant
- 31 Jan 2025ApprovedFloor 1Change of use to function hall
Proposed change of use of units #01-XX, #01-XX, #01-XX, #01-XX, #01-XX and #01-XX to function hall
- 8 Jan 2025RenewedFloor 3Continued use as massage establishment
Continued use of the shop unit #03-XX as massage establishment
- 30 Dec 2024ApprovedFloor 1Change of use to shop
Proposed change of use of unit #01-XX to shop
- 26 Aug 2024RenewedFloor 1Continued use as gym/fitness centre
Continued use of unit #01-XX as gym/fitness centre
53 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$54.50 per unit).
How does Upper Serangoon Road price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Upper Serangoon Shopping Centre?
Indicative area yield — District 19 retail
An INDICATIVE AREA yield for District 19 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 19 ($ psm/month, 2026Q3)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Level 1 · 30 & Below | $63.64 | $104.00 | $295.24 |
| B1 & Below · 30 & Below | $63.48 | $71.43 | $209.95 |
| Level 2 & 3 · 30 & Below | $54.03 | $66.41 | $81.37 |
| B1 & Below · >30 - 100 | $225.40 | $251.63 | $339.38 |
| Level 2 & 3 · >30 - 100 | $201.18 | $241.17 | $307.68 |
| Level 1 · >30 - 100 | $98.95 | $138.38 | $262.23 |
| Level 2 & 3 · >100 - 300 | $201.65 | $214.77 | $221.82 |
| B1 & Below · >100 - 300 | $196.03 | $234.00 | $280.07 |
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 available at Upper Serangoon Shopping Centre right now?
For sale (3)
- Upper Serangoon Shopping CentreS$2.80M · 1,433 sqft
- Upper Serangoon Shopping CentreS$700k · 280 sqft
- Upper Serangoon Shopping CentreS$455k · 172 sqft
For rent (8)
- 756 Upper Serangoon Road, 534626S$16k/mo · 1,298 sqft
- Upper Serangoon Shopping CentreS$1k/mo · 183 sqft
- Upper Serangoon Shopping CentreS$1k/mo · 172 sqft
- Upper Serangoon Shopping CentreS$8k/mo · 1,399 sqft
What is near Upper Serangoon Shopping Centre?
Getting around
- Serangoon MRT744 m · ~12 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 Upper Serangoon Shopping Centre
nearest MRT/LRT Serangoon (NE12/CC13) 640 m, about 119,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 8, about 14,000 taps a weekday; Hougang: 43,772 resident workers (Census 2020, by workplace); about 54,000 residents within 1 km (June 2026); 2 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
- Serangoon (NE12 / CC13)640 m · about 119,000 weekday taps
- Kovan (NE13)923 m · about 48,000 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 Upper Serangoon Shopping Centre. Transfers between lines don't tap, so interchanges read low.
Bus
8 bus stops within 400 m, with about 14,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Lim Tua Tow Rd Off St (URA)187 mS$0.60 per half-hour at midday on a weekday · 39 car lots
- Lim Tua Tow Area (URA)196 mseason S$80/month
- Blk 159A Hougang Street 11 (HDB)204 mS$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 270 car lots
- Blk 154-157 Hougang Street 11 (HDB)210 mS$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 116 car lots
- Simon Road-Kovan Road Area (URA)224 mseason S$90/month
HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.
Public car parks only, by straight-line distance, with the operator's published rates. Upper Serangoon Shopping Centre's own car park, if it has one, and its charges are not in the open data.
Who's registered at Upper Serangoon Shopping Centre?
- Wholesale and retail trade19
- Administrative and support services12
- Construction8
- Education6
- Manufacturing5
- Arts, entertainment and recreation5
- Professional, scientific and technical services4
- Other services4
- Accommodation and food services3
- Information and communications3
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. Most registrations here are dead: this is a registered-office address (corporate secretaries), so the count says nothing about how busy the building is. ACRA, as of 2026-09-16.
Frequently asked questions about Upper Serangoon Shopping Centre
Where is Upper Serangoon Shopping Centre?⌄
Upper Serangoon Shopping Centre is at 756 Upper Serangoon Road, Singapore 534626, in the Hougang planning area.
What is Upper Serangoon Shopping Centre zoned as?⌄
Upper Serangoon Shopping Centre sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 2.8.
What is the tenure of Upper Serangoon Shopping Centre?⌄
Upper Serangoon Shopping Centre is freehold.
What have units at Upper Serangoon Shopping Centre sold for?⌄
Across 64 recorded transactions, the median price is S$1,248 psf. The latest was in July 2024.
What is the nearest MRT station to Upper Serangoon Shopping Centre?⌄
Serangoon MRT is the closest, 744 m away (about a 12-minute walk).
How many businesses are registered at Upper Serangoon Shopping Centre?⌄
203 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.
The facts are here — now get the verdict on Upper Serangoon Shopping Centre.
Ask what a unit here would fetch, what the zone allows, or how it compares.
Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.
