The shophouse frontage of ICON @ Pasir Panjang along Pasir Panjang Road
Direct developer sale

ICON @
Pasir Panjang

Freehold strata commercial shophouses with dual-road frontage — retail and F&B units on the western edge of the Greater Southern Waterfront.

Tenure
Freehold
Guide from
$764,400
Yields to
4.43%*
Units
7 available
View available units Request pricing

*Important notice. All gross yields marked with an asterisk are indicative only. They are calculated on the guide price against rent currently in place, before maintenance, property tax, financing, vacancy and transaction costs, and are not a projection of net return or a guarantee of future performance. All prices, floor areas, tenancies and yields are as at 13 October 2025 and are subject to contract, availability and change without notice. Photographs show the development and selected units and may not depict the specific unit offered. Nothing on this page is financial advice — please carry out your own due diligence and take independent legal and financial advice.

1°16′N · 103°47′E — District 5

Freehold, and genuinely rare

ICON @ Pasir Panjang is a freehold mixed-use development completed by Fragrance Realty in 2016, at 218 Pasir Panjang Road. The commercial floors carry a shophouse facade with real street presence and a tenant mix already trading.

Tenure

Freehold strata title

One of Singapore's scarcest commercial classes. Freehold strata offers long-term capital security in a district where residential, business and recreational uses sit side by side.

Frontage

Two roads, one row

Approximately 70m along Pasir Panjang Road and 30m along South Buona Vista Road. Traditional shophouse character with the visibility a retail or F&B operator actually needs.

Access

Between two MRT stations

Midway between Haw Par Villa and Pasir Panjang stations. Minutes from Mapletree Business City, Singapore Science Park, NUS and VivoCity, with the AYE and West Coast Highway close at hand.

Use

Broad approved uses

Retail, F&B, enrichment, wellness, laundromat and office uses are all represented here — flexible enough for an owner-operator or a hands-off investor.

The catchment

An established neighbourhood, not a speculative one

A settled residential district supplies daily footfall, while two MRT stations and the expressway network keep the whole southern corridor in reach.

Transit
  • Pasir Panjang MRT
  • Haw Par Villa MRT
  • Pasir Panjang Ferry Terminal
  • Season parking at P0094
Business
  • Mapletree Business City
  • Singapore Science Park
  • one-north
  • PSA port precinct
Institutions
  • National University of Singapore
  • ACS & ACJC
  • Kent Ridge
  • National University Hospital
Leisure
  • VivoCity & HarbourFront
  • Kent Ridge & Hort Park
  • Labrador Nature Reserve
  • Sentosa
Availability · 13 Oct 2025

Seven freehold shopfronts

Guide prices are shown after the current developer discount. Sizes, tenancies and yields follow the schedule dated 13 October 2025 and remain subject to contract and availability.

*Gross yields are indicative only — calculated on the guide price against rent currently in place, before maintenance, property tax, financing, vacancy and transaction costs. They are not a net return. Guide prices are after developer discount. Photographs marked “development” show the building and common areas rather than the interior of that specific unit. Figures are as at 13 October 2025 — please confirm current pricing, availability and tenancy status before proceeding.

Worked illustration

What the income actually looks like

Based on #02-04, a tenanted level-two retail unit of 1,076 sq ft currently leased at $5,500 per month to August 2027.

Income already in place, on a freehold title — with room to benefit as the southern coastline is redrawn.

Tenanted units let an investor step straight into an existing lease. Vacant units suit an operator who wants to trade from the space while holding the asset.

Financing figures depend entirely on your lender and the rate at the time — confirm current terms with your banker rather than relying on an illustration. Projections do not guarantee future performance, and nothing here is financial advice. Conduct your own due diligence and take independent legal and financial advice.
List price$1,620,000
Guide price after discount$1,490,400
Strata area1,076 sq ft
Approximate PSF$1,385
Monthly rent in place$5,500
Lease expiry31 Aug 2027
Indicative gross yield*4.43%*
Future development

The Greater Southern Waterfront

Running 30km from Pasir Panjang to Marina East, the Greater Southern Waterfront is one of Singapore's most ambitious urban transformations — a new gateway for living, working and recreation along the southern coast. ICON @ Pasir Panjang sits at its western end.

  • 01A continuous waterfront promenade, linking West Coast Park to Labrador Nature Reserve via the new Pasir Panjang Linear Park.
  • 02Redevelopment of the former Pasir Panjang Power District, Keppel Club and Mount Faber over the next five to ten years.
  • 03Green and open spaces connected from hilltop to shoreline, forming a new recreational spine for the south.

Source: Urban Redevelopment Authority

JC
Licensed Realtor
Jurisdictions Singapore
Hong Kong Properties Commercial
Industrial
Residential
Your representative

Jesslyn Chan

A licensed realtor in both Singapore and Hong Kong, covering commercial, industrial and residential property across the two markets.

  • Multi-Gold award-winning realtor @ PropNex
  • Admitted to SG Bar as Advocate & Solicitor (NUS Law + Econs Double Hons)
  • Ex-investment banking | CFA & CAIA Lvl II Candidate
  • Sold homes >$50k above indicative valuation, closed rentals <1 day
Her hard work and negotiating skills paid off. She got us the best price — and kept us informed every step of the way.Vincent Tan · Client
Enquire

Request the full pricing and availability

Speak with Jesslyn for the current unit list, tenancy details, floor plans and viewing arrangements.

8860 2387
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