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. ACRA records 4 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
- Transactions on record
- 1 (records start 1995)
- Live listings
- None
- ACRA registrations
- 4
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 | $10,719 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.
What do commercial rents run near Asia Insurance Building?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ psm/month, 2026Q2)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Level 2 & 3 · 30 & Below | $86.02 | $123.08 | $167.78 |
| B1 & Below · 30 & Below | $69.95 | $306.07 | $392.13 |
| Level 1 · 30 & Below | $142.92 | $214.69 | $372.85 |
| Level 1 · >30 - 100 | $117.46 | $187.50 | $219.19 |
| B1 & Below · >30 - 100 | $116.28 | $142.89 | $228.69 |
| Level 4 & Above · >30 - 100 | $71.98 | $75.86 | $192.95 |
| Level 2 & 3 · >30 - 100 | $73.23 | $95.24 | $167.06 |
| Level 2 & 3 · >100 - 300 | $83.43 | $129.13 | $158.54 |
Office rents — Central Area ($ psm/month, 2026Q2)
| Building class · size band | 25th pct | Median | 75th 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.
What is near Asia Insurance Building?
Getting around
- Raffles Place MRT227 m · ~4 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
How many companies are registered at Asia Insurance Building?
- Live registrations
- 4
- 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.
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.
This development is also registered as the residential project Asia Insurance Building.