CommercialCOMMERCIAL & RESIDENTIAL999-year leaseholdDistrict 7 · Downtown Core

28 Seah Street

Reviewed by Nathan TangUpdated 10 August 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.

1

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
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
14
2

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).

3

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 →

4

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.
DateUsePriceAreaPSF
Dec 2006Shop HouseS$4.48M1,724 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.

5

How does Seah Street price?

Strata sales on the street (5y)
1

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 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 Seah Street?

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

Getting around

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.

8

How many companies are registered at 28 Seah Street?

Key takeawayACRA records 14 live company registrations at this address, 2 of them in the last three years.
Live registrations
14
Registered last 3 years
2
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 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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