Asia Insurance Building
Asia Insurance Building is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 14.0. It is freehold. 1 transaction is on record since 1995, most recently in Jul 2006. 1 unit is currently listed for rent. ACRA records 0 live company registrations at this address.
What are the key facts about Asia Insurance Building?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 14.0
- Tenure
- Freehold
- District / Area
- District 1 · Downtown Core
- Address
- 2 Finlayson Green
- Land area
- 948 sqm
- Completed
- Not on record
- Storeys
- 25 (© OpenStreetMap contributors)
- Submarket
- Raffles Place
- Listed as
- Office
- Transactions on record
- 1 (records start 1995)
- Live listings
- 1
- ACRA registrations
- 0
About Asia Insurance Building
Asia Insurance Building is a commercial building in Downtown Core (District 01). It is located along Finlayson Green, Singapore 049247.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 14. 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 freehold. It occupies roughly 948 sqm of land with about 13,272 sqm of gross floor area.
1 transaction has been recorded here, at a median of S$10,719 psf. The most recent was in July 2006.
4 businesses are currently registered at this address with ACRA.
The nearest MRT is Raffles Place MRT, 227 m away (about a 4-minute walk). The closest bus stop (Raffles Pl Stn Exit F) is 76 m away (about a 1-minute walk). Republic Plaza is 189 m away (about a 3-minute walk).
What is Asia Insurance Building zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 14.0
- Conservation area
- Former Asia Insurance Building
- Conserved building
- Yes
- Urban design area
- Udga
- Central Area
- Yes
What has Asia Insurance Building sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Jul 2006 | Office | S$109.50M | 10,215 sqft | $10,719 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Asia Insurance Building rent for?
Office space on Finlayson Green
Street level · 2023Q1S$ per sq ft per month (median only published)
URA's percentiles of OFFICE rents 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. URA publishes a median only where the street has at least 2 office buildings and 3 contracts that quarter (percentiles need 4); a blank means below that threshold, not zero.
Source: URA rental statistics by street (IRAS-stamped contracts).
Retail space — District 1 retail
Region band · 2026Q3S$ 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 1 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 Asia Insurance Building
- Prime office: Capital value S$3,200 psf · Net yield 3.7%
- Core CBD (Grade A): Rent S$12.50 psf/mth · Vacancy 3.3%
- Core CBD (Grade B): Rent S$9.15 psf/mth
- Core CBD: Rent S$9.40 psf/mth · Vacancy 4.5%
- Raffles Place: Rent S$11.54 psf/mth · Vacancy 4.5% · Planned / under construction 0.36m sq ft
Official series (URA, 2026Q3): Office vacancy rate (Whole Island) 10 (-1.2 pp on the year) · Office rental index (Central Region) 203.4 (+1.8% 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 fast units move at Asia Insurance Building
Rent: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.
One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.
What's been approved at Asia Insurance Building?
- 17 Sept 2018ApprovedAdditions & alterations
Proposed additions & alterations to 1st storey of existing 20-storey conservation building (previously asia insurance building) ascott raffles place all-suite hotel on lot 99211w ts01 at 2 finlayson green (downtown core planning area)
- 7 Jul 2016ApprovedAdditions & alterations
Extension of written permission to proposed additions & alterations to 1st storey of existing 20-storey conservation building (previously asia insurance building) ascott raffles place all-suite hotel at 2 finlayson green
- 27 Aug 2014ApprovedAdditions & alterations
Proposed additions & alterations to 1st storey of existing 20-storey conservation building (previously asia insurance building) ascott raffles place all-suite hotel at 2 finlayson green
- 25 Aug 2008ApprovedAdditions & alterations
Proposed amendment to approved additions & alterations to existing 20-storey conservation building and change of use from office to all-suite hotel
- 17 Apr 2008ApprovedAdditions & alterations
Proposed additions & alterations to existing 20 storey conservation building and change of use from office to all-suite hotel
- 13 Nov 2000ApprovedFloor 7Change of use to language school
Proposed use of units #07-XX, #07-XX, #07-XX & #07-XX as language school
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$54.50 per unit).
What do commercial rents run near Asia Insurance Building?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ psm/month, 2026Q3)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Level 2 & 3 · 30 & Below | $82.69 | $99.35 | $120.39 |
| Level 1 · 30 & Below | $172.73 | $245.52 | $332.57 |
| B1 & Below · 30 & Below | $87.33 | $172.91 | $321.72 |
| Level 2 & 3 · >30 - 100 | $77.43 | $95.09 | $183.52 |
| Level 1 · >30 - 100 | $106.77 | $168.33 | $217.05 |
| B1 & Below · >30 - 100 | $117.40 | $198.29 | $365.38 |
| Level 1 · >100 - 300 | $115.69 | $148.57 | $187.43 |
| B1 & Below · >100 - 300 | $148.73 | $233.33 | $396.56 |
Office rents — Central Area ($ 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 available at Asia Insurance Building right now?
For rent (1)
- Ascott Singapore Raffles PlaceS$27k/mo · 3,197 sqft
What is near Asia Insurance Building?
Getting around
- Raffles Place MRT227 m · ~4 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Asia Insurance Building
nearest MRT/LRT Raffles Place (EW14/NS26) 35 m, about 133,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 10, about 18,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 9,738 residents within 1 km (June 2026). Ranked against 485 office 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), not a count of people.
Stations within 1 km
- Raffles Place (EW14 / NS26)35 m · about 133,000 weekday taps
- Downtown (DT17)273 m · about 51,000 weekday taps
- Telok Ayer (DT18)301 m · about 37,000 weekday taps
- Shenton Way (TE19)496 m · about 32,000 weekday taps
- Marina Bay (NS27 / CC33 / TE20)619 m · about 13,000 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 Asia Insurance Building. Transfers between lines don't tap, so interchanges read low.
Bus
10 bus stops within 400 m, with about 18,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Backlane (Cecil St - M Arket St) (URA)85 m
- Backlane (Boon Tat St - Mccallum St) (URA)353 m
- Backlane (Boon Tat St) (URA)376 m
- Backlane (Synagogue St - Church St) (URA)390 m
- Boon Tat St (URA)391 mS$1.20 per half-hour at midday on a weekday · 17 car lots
Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.7 km away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. Asia Insurance Building's own car park, if it has one, and its charges are not in the open data.
Who's registered at Asia Insurance Building?
- Wholesale and retail trade0
- Financial and insurance0
- Manufacturing0
- Professional, scientific and technical services0
- Transportation and storage0
- Other services0
- Construction0
- Real estate0
- Administrative and support services0
- Accommodation and food services0
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. Most registrations here are dead: this is a registered-office address (corporate secretaries), so the count says nothing about how busy the building is. ACRA, as of 2026-09-16.
What is Asia Insurance Building's BCA building profile?
- BCA building type
- Hotel
- Green Mark
- Certified (2008)
- Energy use intensity
- 210 kWh/m²·yr
Frequently asked questions about Asia Insurance Building
Where is Asia Insurance Building?⌄
Asia Insurance Building is at 2 Finlayson Green, Singapore 049247, in the Downtown Core planning area.
What is Asia Insurance Building zoned as?⌄
Asia Insurance Building sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 14.
What is the tenure of Asia Insurance Building?⌄
Asia Insurance Building is freehold.
Is Asia Insurance Building a conserved property?⌄
Yes. Asia Insurance Building falls within a URA conservation area, so external works are subject to conservation guidelines.
What have units at Asia Insurance Building sold for?⌄
Across 1 recorded transaction, the median price is S$10,719 psf. The latest was in July 2006.
What is the nearest MRT station to Asia Insurance Building?⌄
Raffles Place MRT is the closest, 227 m away (about a 4-minute walk).
How many businesses are registered at Asia Insurance Building?⌄
4 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.
The facts are here — now get the verdict on Asia Insurance Building.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.