CommercialDistrict 2 · Downtown Core

Bestway Building

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

Bestway Building is a commercial building in District 2 · Downtown Core. ACRA records 0 live company registrations at this address.

The facts are here — now get the verdict on Bestway Building.

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What are the key facts about Bestway Building?

Key takeawayBestway Building is a commercial building in District 2 · Downtown Core.

Asset class: Commercial
Land-use zone: Not on record
Gross plot ratio: —
Tenure: Not on record
District / Area: District 2 · Downtown Core
Address: 12 Prince Edward Road
Land area: 29,256 sqm
Completed: Not on record
Storeys: Not on record
Submarket: Marina Bay
Transactions on record: None recorded
Live listings: None
ACRA registrations: 0

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.

About Bestway Building

Bestway Building is a building in Downtown Core (District 02). It is located along Prince Edward Road, Singapore 079212.

It lies inside the Central Area.

It occupies roughly 29,256 sqm of land with about 8,768 sqm of gross floor area.

3 businesses are currently registered at this address with ACRA.

The nearest MRT is Prince Edward Road MRT, 242 m away (about a 4-minute walk). The closest bus stop (Shenton Way Ter) is 198 m away (about a 3-minute walk). Icon Village is 539 m away (about a 8-minute walk).

What is Bestway Building zoned as?

Key takeawayBestway Building sits on land zoned —, inside the Central Area.

Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What does space at Bestway Building rent for?

Key takeawayNo street- or building-level rent is published here. Across District 2 retail, retail space rented at a median of $8.70 psf a month in 2026Q3, with the middle half of leases between $7.84 and $9.99. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 2 retail

Region band · 2026Q3

25th pct

$7.84

$84.37 psm

Median

$8.70

$93.65 psm

75th pct

$9.99

$107.51 psm

S$ 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 2 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 Bestway Building

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026 (island-wide)

Islandwide: Rent S$28.15 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft

Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% 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.

What's been approved at Bestway Building?

Key takeawayURA has approved 19 changes of use at Bestway Building since 2000, most recently in 2014. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

21 Feb 2024Approved
Additions & alterations
3rd extension of written permission for proposed incidental space above cut & cover tunnels at turnback
12 Sept 2023Approved
Additions & alterations
4th extension of written permission (temporary) for proposed partial demolition of existing bestway building and erection of a single-storey ancillary building
7 Aug 2023Approved
Additions & alterations
3rd extension of written permsision for proposed a & a to existing single-storey bus terminal
10 May 2023Approved
Additions & alterations
Extension of temporary permission for proposed staircase at existing bestway main building (block c)
21 Feb 2022Approved
Additions & alterations
2nd extension of written permisson for proposed incidental space above cut & cover tunnels at turnback
5 Aug 2021Approved
Additions & alterations
2nd extension of written permission for proposed a&a to existing single-storey bus terminal
30 Apr 2021Approved
Additions & alterations
Extension of temporary permission to approved staircase at existing bestway main building (block c)
16 Jul 2019Approved
Additions & alterations
Proposed a & a to existing single-storey bus terminal on lots 00132w(pt)sl, 00154k(pt)(sl) and 00226k(pt)(sl) ts 30, 99012a(pt)(sl), 00280l(pt)(sl), 99064(sl), 00272t(sl), 00274k(sl), 01193l(pt)(sl), 01215n(pt)(sl) and 01353x(pt)(sl) ts 23 at prince edward road
23 Apr 2019Approved
Additions & alterations
Extension of temporary permission to approved staircase at existing bestway main building (block c) on lot 00132w (pt) sl, ts 30 at 12 prince edward road
22 Jan 2018Approved
Additions & alterations
Proposed a & a and extension to existing single-storey bus terminal on lots 00132w(pt)sl, 00154k(pt)(sl) and 00226k(pt)(sl) ts 30, 99012a(pt)(sl), 00280l(pt)(sl), 99064(sl), 00272t(sl), 00274k(sl), 01193l(pt)(sl), 01215n(pt)(sl) and 01353x(pt)(sl) ts 23 at prince edward road
12 May 2017Approved
Additions & alterations
Proposed staircase at existing bestway main building (block c) on lot 00132w (pt) sl, ts 30 at 12 prince edward road
29 Sept 2015Approved
Additions & alterations
Proposed partial demolition of existing bestway building and erection of a single-storey ancillary building at prince edward road/shenton way

44 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 Bestway Building?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 2 retail

Gross yield (area)

3.8%

3.4% net of property tax

Rent side (median of bands)

$93.65 psm/mo

2026Q3

Price side (strata, 5y)

$2,752 psf

14 sales

An INDICATIVE AREA yield for District 2 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 2 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$92.88	$96.94	$102.26
Level 1 · 30 & Below	$110.68	$117.65	$134.18
Level 1 · >30 - 100	$80.88	$88.43	$172.22
Level 2 & 3 · >30 - 100	$86.12	$91.49	$91.50
B1 & Below · >30 - 100	$247.81	$267.74	$283.87
Level 4 & Above · >30 - 100	$80.14	$84.93	$88.40
Level 2 & 3 · >100 - 300	$82.62	$95.80	$112.75
Level 1 · >100 - 300	$28.40	$52.68	$96.53

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 near Bestway Building?

Key takeawayThe nearest MRT/LRT is Shenton Way MRT, about 450 m away.

Getting around

Shenton Way MRT450 m · ~7 min

Amenities nearby

Shenton Way Ter · 198 mHealthway Medical Centre (8 Shenton Way) · 303 mTanjong Pagar MRT Exit H · 350 mHotel · 409 mTanjong Pagar Pk · 412 mIcon Village · 539 mPlace Of Worship · 553 mAmoy Street Food Centre · 695 mTanjong Pagar Community Club · 881 mEducational Institution · 942 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Bestway Building

Key takeawayThe nearest station is Prince Edward Road (CC32), 242 m away — a quiet station, with 3,673 taps in and out on an average weekday. 3 public car parks are within 500 m.

Foot traffic: busier than 52% of retail buildings

nearest MRT/LRT Prince Edward Road (CC32) 242 m, about 3,673 taps a weekday; 8 more stations within 1 km; bus stops within 400 m: 4, about 4,521 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 10,000 residents within 1 km (June 2026); 2 other malls within 1 km. Ranked against 12,856 retail 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, and competing malls), not a count of people.

Stations within 1 km

Prince Edward Road (CC32)242 m · 3,673 weekday taps
Tanjong Pagar (EW15)350 m · about 85,000 weekday taps
Shenton Way (TE19)401 m · about 32,000 weekday taps
Marina Bay (NS27 / CC33 / TE20)581 m · about 13,000 weekday taps
Marina Bay (NS27 / CE2 / TE20)581 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 Bestway Building. Transfers between lines don't tap, so interchanges read low.

Bus

4 bus stops within 400 m, with 4,521 boardings and alightings on an average weekday.

Public car parks within 500 m

Marina View Off St (URA)95 m
S$1.20 per half-hour at midday on a weekday · 44 car lots
Prince Edward Rd - She Nton Way Off St (URA)178 m
S$1.50 per half-hour at midday on a weekday · 84 car lots
Mistri Rd (URA)354 m

Nearest URA season parking: Blair Road-Everton Roa D Area, 1.4 km away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. Bestway Building's own car park, if it has one, and its charges are not in the open data.

Who's registered at Bestway Building?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list Bestway Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
0
Financial and insurance
0
Transportation and storage
0
Professional, scientific and technical services
0
Construction
0
Manufacturing
0
Information and communications
0
Administrative and support services
0
Education
0
Real estate
0

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.

Frequently asked questions about Bestway Building

Where is Bestway Building?⌄

Bestway Building is at 12 Prince Edward Road, Singapore 079212, in the Downtown Core planning area.

Have there been any recorded transactions at Bestway Building?⌄

No caveats have been lodged for Bestway Building 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 Bestway Building?⌄

Prince Edward Road MRT is the closest, 242 m away (about a 4-minute walk).

How many businesses are registered at Bestway Building?⌄

3 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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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Tenure is not recorded for this building. Commercial tenure coverage is roughly 40% (industrial is far better at ~90%).

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.