Axa Tower
Axa Tower is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 10.5. It is leasehold with roughly 55 years remaining. 2 transactions are on record since 1995, most recently in Jan 2017. 2 units are currently listed for rent. ACRA records 9 live company registrations at this address.
What are the key facts about Axa Tower?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 10.5
- Tenure
- Leasehold
- District / Area
- District 1 · Downtown Core
- Address
- 8 Shenton Way
- Land area
- 10,983 sqm
- Completed
- Not on record
- Storeys
- Not on record
- Submarket
- Shenton Way / Tanjong Pagar
- Units with a recorded sale
- At least 2
- Transactions on record
- 2 (records start 1995)
- Live listings
- 2
- ACRA registrations
- 9
About Axa Tower
Axa Tower is a commercial building in Downtown Core (District 01). It is located along Shenton Way, Singapore 068811.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 10.5. It lies inside the Central Area.
The site is leasehold, with about 55 years remaining on the lease. It occupies roughly 10,983 sqm of land with about 148,000 sqm of gross floor area.
2 transactions have been recorded here, at a median of S$5,868 psf. The most recent was in January 2017.
11 businesses are currently registered at this address with ACRA.
The nearest MRT is Tanjong Pagar MRT, 189 m away (about a 3-minute walk). The closest bus stop (Aft Straits Blvd) is 90 m away (about a 1-minute walk). Icon Village is 299 m away (about a 5-minute walk).
What is Axa Tower zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 10.5
- Urban design area
- Udga
- Central Area
- Yes
What has Axa Tower sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Jan 2017 | Office | S$10.38M | 3,520 sqft | $2,950 |
| Mar 2007 | Office | S$1038.89M | 118,230 sqft | $8,787 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Axa Tower rent for?
Office space on Shenton Way
Street level · 2026Q3S$ per sq ft per month · median +8% 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 Shenton Way
Street level · 2026Q3S$ per sq ft per month · median +16.3% 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 Axa Tower
- Islandwide: Vacancy 5%
- Islandwide (Grade B): Rent S$8.35 psf/mth
- Shenton Way / Tanjong Pagar: Rent S$11.02 psf/mth · Vacancy 9.6% · Planned / under construction 1.64m 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 Axa Tower
Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings 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 Axa Tower?
- 1 Jul 2026ApprovedAdditions & alterations
Proposed mixed-use development comprising of a 63-sty tower blk with a 2-sty podium for shop & restaurant use, 1st sty for office/hotel/residential lobbies with plaza space & office, hotel (17 rms) & residential flats (146 units) with sky terraces, communal/ancillary facilities & 4 b'ment consisting an underground pedestrian link (upl) & b'ment carpark
- 23 May 2024ApprovedAdditions & alterations
Extension of written permission for proposed mixed-use development comprising of a 63-sty tower blk with a 2-sty podium for shop & restaurant use, 1st sty for office/hotel/residential lobbies with plaza space & office, hotel (9 rms) & residential flats (190 units) with sky terraces, communal/ancillary facilities & 4 basemnet consisting an underground pedestrian link (upl) & basement carpark
- 2 Jan 2020ApprovedAdditions & alterations
2nd extension for written permission for proposed additions & alterations and extension to existing axa tower
- 10 Dec 2019ApprovedAdditions & alterations
Proposed amendment to the approved additions & alterations and extension to existing axa tower at 8 shenton way (downtown core planning area)
- 4 Jun 2018ApprovedAdditions & alterations
Proposed amendment to the approved additions & alterations and extension to existing axa tower at 8 shenton way (downtown core planning area)
- 1 Mar 2018ApprovedAdditions & alterations
Proposed temporary canopy at anson road driveway for existing axa tower at 8 shenton way (downtown core planning area)
- 18 Jan 2018ApprovedAdditions & alterations
1st extension of written permission for proposed additions & alterations and extension to existing axa tower at 8 shenton way (downtown core planning area)
- 13 Mar 2017ApprovedAdditions & alterations
Proposed amendment to the approved additions & alterations and extension to existing axa tower at 8 shenton way (downtown core planning area)
- 3 Aug 2016ApprovedAdditions & alterations
Proposed amendment to the approved additions & alterations and extension to existing axa tower at 8 shenton way
- 24 Feb 2016ApprovedAdditions & alterations
Proposed regularisation of gross floor area to additions & alterations and extension to existing axa tower at 8 shenton way
- 28 Dec 2015ApprovedAdditions & alterations
Proposed additions & alterations and extension to existing axa tower at 8 shenton way
- 19 Apr 2013ApprovedFloors 1, 2Change of use: office → fitness centre cum cafe
Proposed change of use of units #01-XX and #02-XX from office to fitness centre cum cafe at 8 shenton way - axa tower
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$54.50 per unit).
How does Shenton Way price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Axa Tower?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ 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 Axa Tower right now?
For rent (2)
- Oxley Tower Club For Low TakeoverS$34k/mo · 2,100 sqft
- KTV For TakeoverS$45k/mo · 4,000 sqft
What is near Axa Tower?
Getting around
- Tanjong Pagar MRT189 m · ~3 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Axa Tower
nearest MRT/LRT Tanjong Pagar (EW15) 55 m, about 85,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 9, about 19,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 17,000 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
- Tanjong Pagar (EW15)55 m · about 85,000 weekday taps
- Prince Edward Road (CC32)245 m · 3,673 weekday taps
- Shenton Way (TE19)399 m · about 32,000 weekday taps
- Maxwell (TE18)640 m · about 23,000 weekday taps
- Telok Ayer (DT18)713 m · about 37,000 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 Axa Tower. Transfers between lines don't tap, so interchanges read low.
Bus
9 bus stops within 400 m, with about 19,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Prince Edward Rd - She Nton Way Off St (URA)128 mS$1.50 per half-hour at midday on a weekday · 84 car lots
- Mistri Rd (URA)235 m
- Marina View Off St (URA)280 mS$1.20 per half-hour at midday on a weekday · 44 car lots
- Peck Seah St Off St (URA)293 mS$1.50 per half-hour at midday on a weekday · 150 car lots
- Wallich St (URA)334 mS$1.20 per half-hour at midday on a weekday · 9 car lots
Nearest URA season parking: Blair Road-Everton Roa D Area, 1.1 km away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. Axa Tower's own car park, if it has one, and its charges are not in the open data.
Who's registered at Axa Tower?
- Financial and insurance2
- Professional, scientific and technical services2
- Construction2
- Wholesale and retail trade1
- Administrative and support services1
- Arts, entertainment and recreation1
- Transportation and storage0
- Information and communications0
- Manufacturing0
- Real estate0
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 Axa Tower's BCA building profile?
- BCA building type
- Office
- Green Mark
- Platinum (2012)
- Energy use intensity
- 151 kWh/m²·yr
Frequently asked questions about Axa Tower
Where is Axa Tower?⌄
Axa Tower is at 8 Shenton Way, Singapore 068811, in the Downtown Core planning area.
What is Axa Tower zoned as?⌄
Axa Tower sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 10.5.
What is the tenure of Axa Tower?⌄
Axa Tower is leasehold. About 55 years remain on the lease.
What have units at Axa Tower sold for?⌄
Across 2 recorded transactions, the median price is S$5,868 psf. The latest was in January 2017.
What is the nearest MRT station to Axa Tower?⌄
Tanjong Pagar MRT is the closest, 189 m away (about a 3-minute walk).
How many businesses are registered at Axa Tower?⌄
11 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 Axa Tower.
Ask what a unit here would fetch, what the zone allows, or how it compares.
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