CommercialCOMMERCIAL999-year leaseholdDistrict 7 · Downtown Core

Boon Sing Building

Reviewed by Nathan TangUpdated 10 August 2026Data through Mar 2026
Quick Summary

Boon Sing Building is a commercial building in District 7 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 4.2. It is 999-year leasehold. 10 transactions are on record since 1995, most recently in Mar 2026. ACRA records 23 live company registrations at this address.

1

What are the key facts about Boon Sing Building?

Key takeawayBoon Sing Building is a commercial building in District 7 · Downtown Core, zoned COMMERCIAL, held 999-year leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
4.2
Tenure
999-year leasehold
District / Area
District 7 · Downtown Core
Address
43 Middle Road
Land area
Transactions on record
10 (records start 1995)
Live listings
None
ACRA registrations
23
2

About Boon Sing Building

Boon Sing Building is a mixed-use building in Downtown Core (District 07). It is located along Middle Road, Singapore 188952.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 4.2. It lies inside the Central Area.

The site is 999-year leasehold, with about 808 years remaining on the lease.

10 transactions have been recorded here, at a median of S$1,149 psf. The most recent was in March 2026.

23 businesses are currently registered at this address with ACRA.

The nearest MRT is Esplanade MRT, 376 m away (about a 6-minute walk). The closest bus stop (Bef Beach Rd) is 46 m away (about a 1-minute walk).

3

What is Boon Sing Building zoned as?

Key takeawayBoon Sing Building sits on land zoned COMMERCIAL with a gross plot ratio of 4.2, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
4.2
Urban design area
Udga
Central Area
Yes

Run the full zoning report for this building →

4

What has Boon Sing Building sold for?

Key takeawayAcross 10 recorded transactions since 1995, the median price is about S$1.23M, most recently in Mar 2026.
DateUsePriceAreaPSF
Mar 2026OfficeS$2.48M1,119 sqft$2,215
Jan 2021RetailS$2.00M1,119 sqft$1,787
Oct 2017OfficeS$1.85M1,119 sqft$1,653
Oct 2012RetailS$1.62M1,119 sqft$1,445
Aug 2011RetailS$1.30M1,119 sqft$1,161
Feb 2011OfficeS$1.15M1,012 sqft$1,137
Feb 2010OfficeS$1.15M1,119 sqft$1,027
Jul 2007OfficeS$750k1,012 sqft$741
Oct 2003OfficeS$920k1,119 sqft$822
Jul 2003OfficeS$895k1,012 sqft$885

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 Middle Road price?

Key takeawayAcross 62 strata sales on Middle Road in the last 5 years, the median is $1,966 psf.
Strata sales on the street (5y)
62
Street median PSF (strata)
$1,966

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

6

What do commercial rents run near Boon Sing Building?

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

Indicative area yield — District 7 retail

Gross yield (area)
5.0%
4.5% net of property tax
Rent side (median of bands)
$106.44 psm/mo
2026Q2
Price side (strata, 5y)
$2,353 psf
231 sales

An INDICATIVE AREA yield for District 7 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 7 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$65.63$77.77$101.79
B1 & Below · 30 & Below$58.19$114.29$345.38
Level 4 & Above · 30 & Below$85.23$111.50$131.58
Level 1 · 30 & Below$86.33$95.24$110.00
Level 4 & Above · >30 - 100$59.29$108.48$136.75
Level 1 · >30 - 100$93.54$118.89$225.20
Level 2 & 3 · >30 - 100$65.50$89.70$119.75
B1 & Below · >30 - 100$69.36$86.33$409.96

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 near Boon Sing Building?

Key takeawayThe nearest MRT/LRT is Esplanade MRT, about 376 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Hotel · 34 mBef Beach Rd · 46 mShalom Medical Group · 208 mPlace Of Worship · 243 mBugis MRT Exit D · 283 mEducational Institution · 317 mWar Memorial Pk · 471 mRaffles Hospital · 517 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

Bugis Junction · 233 mCold Storage Singapore (1983) Pte Ltd · 317 mAlbert Centre Market & Food Centre · 475 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Boon Sing Building?

Key takeawayACRA records 23 live company registrations at this address.
Live registrations
23
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.

9

Frequently asked questions about Boon Sing Building

Where is Boon Sing Building?

Boon Sing Building is at 43 Middle Road, Singapore 188952, in the Downtown Core planning area.

What is Boon Sing Building zoned as?

Boon Sing Building sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.2.

What is the tenure of Boon Sing Building?

Boon Sing Building is 999-year leasehold. About 808 years remain on the lease.

What have units at Boon Sing Building sold for?

Across 10 recorded transactions, the median price is S$1,149 psf. The latest was in March 2026.

What is the nearest MRT station to Boon Sing Building?

Esplanade MRT is the closest, 376 m away (about a 6-minute walk).

How many businesses are registered at Boon Sing Building?

23 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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