CommercialWHITEConservationLeaseholdDistrict 7 · Rochor

54 Prinsep Street

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2006

Quick Summary

54 Prinsep Street is a commercial building in District 7 · Rochor, on land zoned WHITE under the URA Master Plan. It is leasehold with roughly 70 years remaining. 1 transaction is on record since 1995, most recently in Dec 2006. ACRA records 2 live company registrations at this address.

The facts are here — now get the verdict on 54 Prinsep Street.

Ask PropKaki

What are the key facts about 54 Prinsep Street?

Key takeaway54 Prinsep Street is a commercial building in District 7 · Rochor, zoned WHITE, held leasehold.

Asset class: Commercial
Land-use zone: WHITE
Gross plot ratio: Subject to Evaluation
Tenure: Leasehold
District / Area: District 7 · Rochor
Address: 54 Prinsep Street
Land area: —
Completed: Not on record
Storeys: Not on record
Submarket: City Fringe
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 2

About 54 Prinsep Street

54 Prinsep Street is a commercial property in Rochor (District 07). It is located along Prinsep Street, Singapore 188684.

Under the URA Master Plan it sits on land zoned white. 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 leasehold, with about 70 years remaining on the lease.

1 transaction has been recorded here, at a median of S$346 psf. The most recent was in December 2006.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Bencoolen MRT, 66 m away (about a 1-minute walk). The closest bus stop (Sch of The Arts) is 101 m away (about a 2-minute walk).

What is 54 Prinsep Street zoned as?

Key takeaway54 Prinsep Street sits on land zoned WHITE, with conservation status, inside the Central Area.

Land-use zone: WHITE
Gross plot ratio: Subject to Evaluation
Conservation area: Cheang Jim Chwan Place
Conserved building: Yes
Urban design area: Udga
Central Area: Yes

URA has not published a fixed plot ratio for this site — the Master Plan records "EVA" (Subject to Evaluation), meaning intensity is decided case by case on application. Do not quote a plot ratio, and do not compute buildable GFA from it.

Run the full zoning report for this building →

What has 54 Prinsep 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$770k	2,228 sqft	$346

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 54 Prinsep Street rent for?

Key takeawayNo rent is published for 54 Prinsep Street itself. On its street, Prinsep Street, retail space rented at a median of $6.99 psf a month in 2021Q3. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Prinsep Street

Street level · 2021Q3

25th pct

—

— psm

Median

$6.99

$75.27 psm

75th pct

—

— psm

S$ per sq ft per month (median only published)

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 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 54 Prinsep 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.

What's been approved at 54 Prinsep Street?

Key takeawayURA has approved 2 changes of use at 54 Prinsep Street since 2000, most recently in 2021. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

14 Jan 2025RenewedFloors 1, 2
Continued use as restaurant and bar
Continued use of units #01-XX and #02-XX as restaurant and bar
17 Oct 2023RenewedFloors 1, 2
Continued use as restaurant and bar
Continued use of units #01-XX and #02-XX as restaurant and bar
27 Jan 2021ApprovedFloors 1, 2
Change of use to restaurant and bar
Proposed change of use of units #01-XX and #02-XX to restaurant and bar
20 Aug 2001ApprovedFloor 1
Change of use: shop → office
Proposed change of use of unit #01-XX from shop to office (sl)

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 Prinsep 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 54 Prinsep 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 54 Prinsep Street?

Key takeawayThe nearest MRT/LRT is Bencoolen MRT, about 66 m away — and 3 competing retail premisess operate nearby.

Getting around

Bencoolen MRT66 m · ~1 min

Amenities nearby

Hotel · 2 mSingapura Clinic · 66 mEducational Institution · 81 mBencoolen MRT Exit A · 96 mSch of The Arts · 101 mPlace Of Worship · 123 mHandy Rd Os · 246 mRaffles Hospital · 854 m

Competing premises nearby

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

Jewish Welfare Board, Singapore · 148 mThe Cathay · 242 mAlbert Centre Market & Food Centre · 496 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 54 Prinsep Street

Key takeawayThe nearest station is Bencoolen (DT21), 65 m away — a moderately busy station, with about 20,000 taps in and out on an average weekday. 18 public car parks are within 500 m.

Foot traffic: busier than 91% of retail buildings

nearest MRT/LRT Bencoolen (DT21) 65 m, about 20,000 taps a weekday; 9 more stations within 1 km; bus stops within 400 m: 15, about 36,000 taps a weekday; Rochor: 31,654 resident workers (Census 2020, by workplace); about 12,000 residents within 1 km (June 2026); 8 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

Bencoolen (DT21)65 m · about 20,000 weekday taps
Bras Basah (CC2)205 m · about 10,000 weekday taps
Dhoby Ghaut (NS24 / NE6 / CC1)372 m · about 64,000 weekday taps
Rochor (DT13)519 m · about 22,000 weekday taps
Bugis (EW12 / DT14)636 m · about 109,000 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 54 Prinsep Street. Transfers between lines don't tap, so interchanges read low.

Bus

15 bus stops within 400 m, with about 36,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Prinsep St (Middle - R Ochor Canal) (URA)168 m
S$1.20 per half-hour at midday on a weekday · 50 car lots
Waterloo St (URA)190 m
S$1.20 per half-hour at midday on a weekday · 14 car lots
Blk 261/262/264 Waterloo Basement Car Park (HDB)225 m
S$1.20 per half-hour at midday on a weekday · gantry 1.9 m · 143 car lots
Middle Rd Off St (URA)263 m
S$1.20 per half-hour at midday on a weekday · 13 car lots
The Cathay (development car park)265 m
rates not published as open data

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: Mackenzie Road Area, 744 m away, S$100/month.

Public car parks only, by straight-line distance, with the operator's published rates. 54 Prinsep Street's own car park, if it has one, and its charges are not in the open data.

Who's registered at 54 Prinsep Street?

Key takeaway2 live companies (and LLPs and branches; sole proprietors are not counted) list 54 Prinsep Street as their registered address. These are registered businesses, not who occupies the space.

Construction
1
Arts, entertainment and recreation
1

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 54 Prinsep Street

Where is 54 Prinsep Street?⌄

54 Prinsep Street is at 54 Prinsep Street, Singapore 188684, in the Rochor planning area.

What is 54 Prinsep Street zoned as?⌄

54 Prinsep Street sits on land zoned white under the URA Master Plan.

What is the tenure of 54 Prinsep Street?⌄

54 Prinsep Street is leasehold. About 70 years remain on the lease.

Is 54 Prinsep Street a conserved property?⌄

Yes. 54 Prinsep Street falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 54 Prinsep Street sold for?⌄

Across 1 recorded transaction, the median price is S$346 psf. The latest was in December 2006.

What is the nearest MRT station to 54 Prinsep Street?⌄

Bencoolen MRT is the closest, 66 m away (about a 1-minute walk).

How many businesses are registered at 54 Prinsep Street?⌄

2 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.

For agents · in the PropKaki app

The facts are here — now get the verdict on 54 Prinsep Street.

Ask what a unit here would fetch, what the zone allows, or how it compares.

Ask PropKaki Try on WhatsApp

PropKaki

Tell me about 54 Prinsep Street — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…

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.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

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.

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 planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model — 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.