CommercialCOMMERCIALLeaseholdDistrict 1 · Downtown Core

Axa Tower

Reviewed by Nathan TangUpdated 10 August 2026Data through Jan 2017
Quick Summary

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 11 live company registrations at this address.

1

What are the key facts about Axa Tower?

Key takeawayAxa Tower is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL, held leasehold.
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
Transactions on record
2 (records start 1995)
Live listings
2
ACRA registrations
11
2

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).

3

What is Axa Tower zoned as?

Key takeawayAxa Tower sits on land zoned COMMERCIAL with a gross plot ratio of 10.5, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
10.5
Urban design area
Udga
Central Area
Yes
BCA-verified envelope: allowable GFA 115,322 sqm · built 95,625 sqm · headroom 19,697 sqm. This block appears only where BCA has published the actual built floor area — everywhere else, buildable headroom cannot be verified and is deliberately not estimated.

Run the full zoning report for this building →

4

What has Axa Tower sold for?

Key takeaway2 transactions are on record since 1995, most recently in Jan 2017 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jan 2017OfficeS$10.38M3,520 sqft$2,950
Mar 2007OfficeS$1038.89M118,230 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.

5

How does Shenton Way price?

Key takeawayAcross 30 strata sales on Shenton Way in the last 5 years, the median is $2,348 psf.
Strata sales on the street (5y)
30
Street median PSF (strata)
$2,348

Street figures cover strata deals only — land and strata PSF are not comparable.

6

What do commercial rents run near Axa Tower?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 1 retail

Gross yield (area)
4.0%
3.6% net of property tax
Rent side (median of bands)
$128.98 psm/mo
2026Q2
Price side (strata, 5y)
$3,561 psf
90 sales

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 band25th pctMedian75th 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 band25th pctMedian75th 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.

7

What is available at Axa Tower right now?

Key takeaway2 units are currently listed at Axa Tower. One row per unit; several agents often market the same unit.

For rent (2)

  • Oxley Tower Club For TakeoverS$34k/mo · 2,100 sqft
  • KTV For TakeoverS$45k/mo · 4,000 sqft

Browse every listing at this building →

8

What is near Axa Tower?

Key takeawayThe nearest MRT/LRT is Tanjong Pagar MRT, about 189 m away.

Getting around

Amenities nearby

Healthway Medical Centre (8 Shenton Way) · 25 mTanjong Pagar MRT Exit D · 56 mAft Straits Blvd · 90 mTanjong Pagar Pk · 119 mHotel · 274 mIcon Village · 299 mPlace Of Worship · 303 mCold Storage Singapore (1983) Pte Ltd · 334 mAmoy Street Food Centre · 428 mTanjong Pagar Community Club · 621 m

Straight-line distances. Source: PropKaki amenities data.

9

How many companies are registered at Axa Tower?

Key takeawayACRA records 11 live company registrations at this address.
Live registrations
11
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.

10

What is Axa Tower's BCA building profile?

BCA building type
Office
Green Mark
Platinum (2012)
Energy use intensity
151 kWh/m²·yr
11

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.

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