Asia Square Tower 2
Asia Square Tower 2 is a commercial building in District 1 · Downtown Core, on land zoned WHITE under the URA Master Plan with a gross plot ratio of 13.0. 5 units are currently listed for rent. ACRA records 1,432 live company registrations at this address.
What are the key facts about Asia Square Tower 2?
- Asset class
- Commercial
- Land-use zone
- WHITE
- Gross plot ratio
- 13.0
- Tenure
- Not on record
- District / Area
- District 1 · Downtown Core
- Address
- 12 Marina View
- Land area
- 8,736 sqm
- Completed
- 2013 (per Wikipedia)
- Storeys
- 46 (per Wikipedia)
- Developer
- Mgpa (per CommercialGuru)
- Submarket
- Marina Bay
- Listed as
- Office
- Transactions on record
- None recorded
- Live listings
- 5
- ACRA registrations
- 1,432
No recorded transactions — this building has never generated a strata caveat (typically single-owner or lease-only stock). That is not missing data, and it says nothing about the building's value, occupancy or availability.
Who owns Asia Square Tower 2, and what is it valued at?
- Net lettable area
- 773,700 sq ft
- Committed occupancy
- 95.3% (as of 31 Dec 2025)
- Tenants
- 70
- Car-park lots
- 266
- Land tenure
- Leasehold tenure of 99 years with effect from 3 March 2008 (land lot only)
- Green Mark
- BCA Green Mark Platinum (Super Low Energy)
- Major tenants
- KPMG Services Pte. Ltd., Mitsui Group, Mizuho Bank, Ltd
- Announced 2 Sep 2026 · completed 17 Sep 2026CCT Trustee sold Asia Square Tower 2 to Purchaser.
- Announced 20 Apr 2026HSBC Institutional Trust Services (Singapore) Limited, as trustee of CapitaLand Commercial Trust sold Asia Square Tower 2 for S$2,476 million (agreed property value) to IOI Marina View Pte. Ltd..At the time: NLA 773,000 sq ft
- Announced 21 Sep 2017 · completed 1 Nov 2017HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of CCT bought Asia Square Tower 2 for S$2,115.7 million (purchase consideration) from MView I (BVI) Limited.At the time: NLA 778,719 sq ft · occupancy 81.2% (Jun 2017)
Source: the owners' own filings on SGX — notices of valuation of real assets, acquisition and divestment announcements, and annual reports. Facts only, each with its date; a valuation is not a sale price, and occupancy and WALE are as of the date shown. Only REITs and SGX-listed companies file these: a building with a private owner shows no owner here.
About Asia Square Tower 2
Asia Square Tower 2 is a commercial building in Downtown Core (District 01). It is located along Marina View, Singapore 018961.
Under the URA Master Plan it sits on land zoned white with a gross plot ratio of 13. It lies inside the Central Area.
It occupies roughly 8,736 sqm of land with about 113,580 sqm of gross floor area.
1,474 businesses are currently registered at this address with ACRA.
The nearest MRT is Shenton Way MRT, 72 m away (about a 1-minute walk). The closest bus stop (Shenton Way Stn Exit 3) is 67 m away (about a 1-minute walk). Republic Plaza is 577 m away (about a 9-minute walk).
What is Asia Square Tower 2 zoned as?
- Land-use zone
- WHITE
- Gross plot ratio
- 13.0
- Urban design area
- Udga
- Central Area
- Yes
What does space at Asia Square Tower 2 rent for?
Office space on Marina View
Street level · 2026Q3S$ per sq ft per month · median -4.2% on a year earlier
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 on Marina View
Street level · 2026Q3S$ per sq ft per month · median +15.2% on a year earlier
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 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 Square Tower 2
- 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%
- Marina Bay: Rent S$13.21 psf/mth · Vacancy 2.1% · Planned / under construction 0.00m 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 Square Tower 2
Rent: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 1 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 Square Tower 2?
- 15 Apr 2026ApprovedChange of use: office → restaurant use
Proposed change of use of part 1st storey from office to restaurant use at asia square tower 2
- 9 Feb 2026RenewedFloor 1Continued use as outdoor refreshment areas
Continued use of 1st storey covered walkway (units #01-XX and #01-XX) as outdoor refreshment areas at asia square tower 2
- 21 Aug 2025RenewedFloor 1Continued use as outdoor refreshment areas
Continued use of 1st storey covered walkway (units #01-XX and #01-XX) as outdoor refreshment areas at asia square tower 2
- 21 Oct 2024ApprovedFloor 6Change of use: yoga studio with ancillary juice bar and retail space → office use
Proposed change of use of #06-XX from yoga studio with ancillary juice bar and retail space to office use at asia square tower 2
- 27 Aug 2024ApprovedFloor 1Change of use: restaurant → medical clinic
Proposed change of use of #01-XX from restaurant to medical clinic
- 22 Oct 2023ApprovedFloor 2Change of use to shop
Proposed change of use of shop unit #02-XX to shop (takeaway foodshop) at asia square tower 2
- 22 Oct 2023ApprovedFloor 2Change of use to shop
Proposed change of use of shop unit #02-XX to shop (takeaway foodshop) at asia square tower 2
- 27 Apr 2023RenewedContinued use as outdoor refreshment areas
Continued use of part of 1st storey covered walkway as outdoor refreshment areas (ora) at asia square tower 2
- 26 Apr 2023ApprovedAdditions & alterations
Proposed replacement of existing travellator with rc slab on 2nd storey of the existing asia square tower 2 building on cadastral lot ts30-00294l and airspace lot ts30-70003k at 12 marina view singapore 018961 (downtown core planning area)
- 2 Sept 2022ApprovedChange of use to office pantry
Proposed change of use of part 16th storey to office pantry at asia square tower 2
- 24 Apr 2019ApprovedFloor 29Change of use: office → commercial school
Proposed change of use of unit #29-XX from office to commercial school at asia square tower 2
- 14 Feb 2019ApprovedChange of use to outdoor refreshment areas
Proposed change of use of part of 1st storey covered walkway to outdoor refreshment areas (ora) at asia square tower 2
8 earlier change-of-use and A&A decisions are on record since 2000.
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$54.50 per unit).
What do commercial rents run near Asia Square Tower 2?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ 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 Square Tower 2 right now?
For rent (5)
- Asia Square Tower 2S$220k/mo · 16,962 sqft
- Asia Square Tower 2S$109k/mo · 8,393 sqft
- Asia Square Tower 22 agentsS$64k/mo · 4,880 sqft
- Asia Square Tower 2S$71k/mo · 4,884 sqft
What is near Asia Square Tower 2?
Getting around
- Shenton Way MRT72 m · ~1 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Asia Square Tower 2
nearest MRT/LRT Shenton Way (TE19) 72 m, about 32,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 8, about 20,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 12,000 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
- Shenton Way (TE19)72 m · about 32,000 weekday taps
- Downtown (DT17)244 m · about 51,000 weekday taps
- Tanjong Pagar (EW15)416 m · about 85,000 weekday taps
- Marina Bay (NS27 / CC33 / TE20)436 m · about 13,000 weekday taps
- Marina Bay (NS27 / CE2 / TE20)436 m · 4,571 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 Square Tower 2. Transfers between lines don't tap, so interchanges read low.
Bus
8 bus stops within 400 m, with about 20,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Backlane (Boon Tat St - Mccallum St) (URA)262 m
- Stanley St (URA)365 mS$1.20 per half-hour at midday on a weekday · 20 car lots
- Mccallum St (URA)391 mS$1.20 per half-hour at midday on a weekday · 11 car lots
- Backlane (Mccallum St) (URA)391 m
- Backlane (Boon Tat St) (URA)421 m
Nearest URA season parking: Blair Road-Everton Roa D Area, 1.5 km away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. Asia Square Tower 2's own car park, if it has one, and its charges are not in the open data.
Who's registered at Asia Square Tower 2?
- Financial and insurance1,112
- Professional, scientific and technical services108
- Wholesale and retail trade66
- Information and communications43
- Administrative and support services29
- Transportation and storage17
- Accommodation and food services16
- Real estate13
- Education7
- Manufacturing5
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.
What is Asia Square Tower 2's BCA building profile?
- BCA building type
- Office
- Green Mark
- Platinum (2017)
- Energy use intensity
- 208 kWh/m²·yr
Frequently asked questions about Asia Square Tower 2
Where is Asia Square Tower 2?⌄
Asia Square Tower 2 is at 12 Marina View, Singapore 018961, in the Downtown Core planning area.
What is Asia Square Tower 2 zoned as?⌄
Asia Square Tower 2 sits on land zoned white under the URA Master Plan, with a gross plot ratio of 13.
Have there been any recorded transactions at Asia Square Tower 2?⌄
No caveats have been lodged for Asia Square Tower 2 in the URA records we track. That is common for buildings held by a single owner, which never generate strata transactions.
What is the nearest MRT station to Asia Square Tower 2?⌄
Shenton Way MRT is the closest, 72 m away (about a 1-minute walk).
How many businesses are registered at Asia Square Tower 2?⌄
1,474 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 Square Tower 2.
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