CommercialCOMMERCIAL & RESIDENTIALConservation999-year leaseholdDistrict 7 · Downtown Core

28,28a,28b Liang Seah Street

Reviewed by Nathan TangUpdated 10 August 2026Data through May 2016
Quick Summary

28,28a,28b Liang Seah Street is a commercial building in District 7 · Downtown Core, on land zoned COMMERCIAL & RESIDENTIAL under the URA Master Plan with a gross plot ratio of 4.2. It is 999-year leasehold. 3 transactions are on record since 1995, most recently in May 2016. ACRA records 1 live company registration at this address.

1

What are the key facts about 28,28a,28b Liang Seah Street?

Key takeaway28,28a,28b Liang Seah Street is a commercial building in District 7 · Downtown Core, zoned COMMERCIAL & RESIDENTIAL, held 999-year leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL & RESIDENTIAL
Gross plot ratio
4.2
Tenure
999-year leasehold
District / Area
District 7 · Downtown Core
Address
28,28a,28b Liang Seah Street
Land area
Transactions on record
3 (records start 1995)
Live listings
None
ACRA registrations
1
2

About 28,28a,28b Liang Seah Street

28,28A,28B Liang Seah Street is a commercial property in Downtown Core (District 07). It is located along Liang Seah Street, Singapore 189049.

Under the URA Master Plan it sits on land zoned commercial & residential with a gross plot ratio of 4.2. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines. It lies inside the Central Area.

The site is 999-year leasehold, with about 800 years remaining on the lease.

3 transactions have been recorded here, at a median of S$2,585 psf. The most recent was in May 2016.

1 business is currently registered at this address with ACRA.

The nearest MRT is Bugis MRT, 249 m away (about a 4-minute walk). The closest bus stop (Bugis Cube) is 95 m away (about a 2-minute walk).

3

What is 28,28a,28b Liang Seah Street zoned as?

Key takeaway28,28a,28b Liang Seah Street sits on land zoned COMMERCIAL & RESIDENTIAL with a gross plot ratio of 4.2, with conservation status, inside the Central Area.
Land-use zone
COMMERCIAL & RESIDENTIAL
Gross plot ratio
4.2
Conservation area
Beach Road
Conserved building
Yes
Urban design area
Udga
Central Area
Yes

Run the full zoning report for this building →

4

What has 28,28a,28b Liang Seah Street sold for?

Key takeaway3 transactions are on record since 1995, most recently in May 2016 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
May 2016Shop HouseS$7.00M1,095 sqft$6,394
Feb 1999Shop HouseS$2.83M1,095 sqft$2,585
Aug 1995Shop HouseS$2.10M1,095 sqft$1,918

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 Liang Seah Street price?

Strata sales on the street (5y)
2

Too few strata sales on this street to support a median — the count is shown without one.

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

6

What do commercial rents run near 28,28a,28b Liang Seah Street?

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

Indicative area yield — District 7 retail

Gross yield (area)
5.0%
4.5% net of property tax
Rent side (median of bands)
$106.44 psm/mo
2026Q2
Price side (strata, 5y)
$2,353 psf
231 sales

An INDICATIVE AREA yield for District 7 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 7 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$65.63$77.77$101.79
B1 & Below · 30 & Below$58.19$114.29$345.38
Level 4 & Above · 30 & Below$85.23$111.50$131.58
Level 1 · 30 & Below$86.33$95.24$110.00
Level 4 & Above · >30 - 100$59.29$108.48$136.75
Level 1 · >30 - 100$93.54$118.89$225.20
Level 2 & 3 · >30 - 100$65.50$89.70$119.75
B1 & Below · >30 - 100$69.36$86.33$409.96

Office rents — Central Area ($ psm/month, 2026Q2)

Building class · size band25th pctMedian75th pct
Category 1 · 100 & Below$91.40$96.39$119.48
Category 2 · 100 & Below$57.98$71.59$86.82
Category 1 · >100 - 200$113.24$120.54$144.36
Category 2 · >100 - 200$59.40$77.88$96.88
Category 2 · >200 - 500$69.97$89.34$97.94
Category 1 · >200 - 500$112.64$129.70$148.82
Category 1 · >500 - 1000$119.97$136.70$147.13
Category 2 · >500 - 1000$55.42$82.91$92.66

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 near 28,28a,28b Liang Seah Street?

Key takeawayThe nearest MRT/LRT is Bugis MRT, about 249 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Bugis Cube · 95 mBugis MRT Exit D · 105 mHotel · 165 mDTAP @ Duo Medical Clinic · 180 mEducational Institution · 299 mPlace Of Worship · 304 mRaffles Hospital · 343 mKampong Glam Community Club · 949 m

Competing premises nearby

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

Bugis Junction · 136 mCold Storage Singapore (1983) Pte Ltd · 172 mAlbert Centre Market & Food Centre · 397 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at 28,28a,28b Liang Seah Street?

Key takeawayACRA records 1 live company registration at this address.
Live registrations
1
Registered last 3 years
0
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.

9

Frequently asked questions about 28,28a,28b Liang Seah Street

Where is 28,28A,28B Liang Seah Street?

28,28A,28B Liang Seah Street is at 28,28A,28B Liang Seah Street, Singapore 189049, in the Downtown Core planning area.

What is 28,28A,28B Liang Seah Street zoned as?

28,28A,28B Liang Seah Street sits on land zoned commercial & residential under the URA Master Plan, with a gross plot ratio of 4.2.

What is the tenure of 28,28A,28B Liang Seah Street?

28,28A,28B Liang Seah Street is 999-year leasehold. About 800 years remain on the lease.

Is 28,28A,28B Liang Seah Street a conserved property?

Yes. 28,28A,28B Liang Seah Street falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 28,28A,28B Liang Seah Street sold for?

Across 3 recorded transactions, the median price is S$2,585 psf. The latest was in May 2016.

What is the nearest MRT station to 28,28A,28B Liang Seah Street?

Bugis MRT is the closest, 249 m away (about a 4-minute walk).

How many businesses are registered at 28,28A,28B Liang Seah Street?

1 business is 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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