CommercialCOMMERCIAL & RESIDENTIAL999-year leaseholdDistrict 7 · Downtown Core

28 Seah Street

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2006

Quick Summary

28 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. 1 transaction is on record since 1995, most recently in Dec 2006. ACRA records 14 live company registrations at this address.

The facts are here — now get the verdict on 28 Seah Street.

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What are the key facts about 28 Seah Street?

Key takeaway28 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 Seah Street
Land area: —
Completed: Not on record
Storeys: 3 (© OpenStreetMap contributors)
Submarket: City Hall / Bugis
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 14

About 28 Seah Street

28 Seah Street is a commercial property in Downtown Core (District 07). It is located along Seah Street, Singapore 188384.

Under the URA Master Plan it sits on land zoned commercial & residential with a gross plot ratio of 4.2. It lies inside the Central Area.

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

1 transaction has been recorded here, at a median of S$2,597 psf. The most recent was in December 2006.

14 businesses are currently registered at this address with ACRA.

The nearest MRT is Esplanade MRT, 293 m away (about a 5-minute walk). The closest bus stop (Opp Natl Lib) is 56 m away (about a 1-minute walk).

What is 28 Seah Street zoned as?

Key takeaway28 Seah Street sits on land zoned COMMERCIAL & RESIDENTIAL with a gross plot ratio of 4.2, inside the Central Area.

Land-use zone: COMMERCIAL & RESIDENTIAL
Gross plot ratio: 4.2
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What has 28 Seah Street sold for?

Key takeaway1 transaction is on record since 1995, most recently in Dec 2006 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Dec 2006	Shop House	S$4.48M	1,724 sqft	$2,597

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 28 Seah Street rent for?

Key takeawayNo street- or building-level rent is published here. Across District 7 retail, retail space rented at a median of $9.31 psf a month in 2026Q3, with the middle half of leases between $7.09 and $13.31. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 7 retail

Region band · 2026Q3

25th pct

$7.09

$76.30 psm

Median

$9.31

$100.25 psm

75th pct

$13.31

$143.24 psm

S$ 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 7 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 28 Seah Street

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026 (island-wide)

Islandwide: Rent S$28.15 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft

Singapore Retail MarketBeat Q2 2026

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).

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 does Seah Street price?

Strata sales on the street (5y)

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.

What do commercial rents run near 28 Seah Street?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 7 retail

Gross yield (area)

4.8%

4.3% net of property tax

Rent side (median of bands)

$100.25 psm/mo

2026Q3

Price side (strata, 5y)

$2,348 psf

241 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, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 1 · 30 & Below	$93.33	$113.33	$165.94
Level 4 & Above · 30 & Below	$69.42	$79.17	$140.05
B1 & Below · 30 & Below	$94.66	$392.16	$721.70
Level 2 & 3 · 30 & Below	$71.79	$88.95	$100.36
Level 1 · >30 - 100	$84.41	$129.03	$192.55
Level 2 & 3 · >30 - 100	$53.85	$86.57	$113.16
B1 & Below · >30 - 100	$71.03	$80.88	$146.17
Level 4 & Above · >30 - 100	$47.06	$59.43	$68.42

Office rents — Central Area ($ psm/month, 2026Q3)

Building class · size band	25th pct	Median	75th pct
Category 2 · 100 & Below	$54.65	$69.39	$88.80
Category 1 · 100 & Below	$103.62	$122.24	$132.43
Category 1 · >100 - 200	$116.28	$126.99	$148.35
Category 2 · >100 - 200	$65.57	$82.87	$97.63
Category 1 · >200 - 500	$114.67	$128.09	$145.77
Category 2 · >200 - 500	$64.83	$82.57	$94.73
Category 1 · >500 - 1000	$106.56	$137.78	$148.23
Category 2 · >500 - 1000	$85.04	$89.34	$109.80

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 near 28 Seah Street?

Key takeawayThe nearest MRT/LRT is Esplanade MRT, about 293 m away — and 3 competing retail premisess operate nearby.

Getting around

Esplanade MRT293 m · ~5 min

Amenities nearby

Hotel · 29 mOpp Natl Lib · 56 mShalom Medical Group · 147 mPlace Of Worship · 233 mEducational Institution · 254 mEsplanade MRT Exit F · 276 mWar Memorial Pk · 383 mRaffles Hospital · 626 m

Competing premises nearby

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

Raffles City · 288 mCold Storage Singapore (1983) Pte Ltd · 288 mAlbert Centre Market & Food Centre · 542 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 28 Seah Street

Key takeawayThe nearest station is Esplanade (CC3), 275 m away — a quiet station, with about 15,000 taps in and out on an average weekday. 17 public car parks are within 500 m.

Foot traffic: busier than 90% of retail buildings

nearest MRT/LRT Esplanade (CC3) 275 m, about 15,000 taps a weekday; 8 more stations within 1 km; bus stops within 400 m: 16, about 28,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 6,928 residents within 1 km (June 2026); 10 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

Esplanade (CC3)275 m · about 15,000 weekday taps
Bras Basah (CC2)383 m · about 10,000 weekday taps
City Hall (NS25 / EW13)387 m · about 91,000 weekday taps
Bugis (EW12 / DT14)395 m · about 109,000 weekday taps
Bencoolen (DT21)540 m · about 20,000 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 28 Seah Street. Transfers between lines don't tap, so interchanges read low.

Bus

16 bus stops within 400 m, with about 28,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Backlane (Seah St) (URA)27 m
Seah St (URA)29 m
S$1.20 per half-hour at midday on a weekday · 8 car lots
Purvis St (URA)58 m
S$1.20 per half-hour at midday on a weekday · 43 car lots
Backlane (Purvis St) (URA)108 m
Blk 231 Bras Basah Basement Car Park (HDB)122 m
S$1.20 per half-hour at midday on a weekday · gantry 1.9 m · 219 car lots

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.

Nearest URA season parking: Kampong Glam Area, 859 m away, S$125/month.

Public car parks only, by straight-line distance, with the operator's published rates. 28 Seah Street's own car park, if it has one, and its charges are not in the open data.

Who's registered at 28 Seah Street?

Key takeaway14 live companies (and LLPs and branches; sole proprietors are not counted) list 28 Seah Street as their registered address. These are registered businesses, not who occupies the space.

Professional, scientific and technical services
5
Financial and insurance
4
Wholesale and retail trade
3
Information and communications
2
Manufacturing
0
Administrative and support services
0
Other services
0

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. ACRA, as of 2026-09-16.

Frequently asked questions about 28 Seah Street

Where is 28 Seah Street?⌄

28 Seah Street is at 28 Seah Street, Singapore 188384, in the Downtown Core planning area.

What is 28 Seah Street zoned as?⌄

28 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 Seah Street?⌄

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

What have units at 28 Seah Street sold for?⌄

Across 1 recorded transaction, the median price is S$2,597 psf. The latest was in December 2006.

What is the nearest MRT station to 28 Seah Street?⌄

Esplanade MRT is the closest, 293 m away (about a 5-minute walk).

How many businesses are registered at 28 Seah Street?⌄

14 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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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from PropKaki's submarket map, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.