Bugis Junction Towers
Bugis Junction Towers is a commercial building in District 7 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 4.5. It is leasehold with roughly 63 years remaining. 1 transaction is on record since 1995, most recently in Sept 2019. 36 units are currently listed for rent. ACRA records 315 live company registrations at this address.
What are the key facts about Bugis Junction Towers?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.5
- Tenure
- Leasehold
- District / Area
- District 7 · Downtown Core
- Address
- 230 Victoria Street
- Land area
- —
- Completed
- Not on record
- Storeys
- 15 (© OpenStreetMap contributors)
- Submarket
- City Hall / Bugis
- Listed as
- Office
- Transactions on record
- 1 (records start 1995)
- Live listings
- 36
- ACRA registrations
- 315
Who owns Bugis Junction Towers, and what is it valued at?
- Announced 30 Sep 2019RBC Investor Services Trust Singapore Limited, in its capacity as trustee of Keppel REIT sold Bugis Junction Towers for S$547.5 million (sale price) to Village Prop. Pte. Ltd..At the time: occupancy 100% (Jun 2019) · WALE 6.2 years
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.
What are the specs at Bugis Junction Towers?
- Facilities
- car park
- Source: CommercialGuru
About Bugis Junction Towers
Bugis Junction Towers is a commercial building in Downtown Core (District 07). It is located along Victoria Street, Singapore 188024.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 4.5. It lies inside the Central Area.
The site is leasehold, with about 63 years remaining on the lease.
1 transaction has been recorded here, at a median of S$1,835 psf. The most recent was in September 2019.
344 businesses are currently registered at this address with ACRA.
The nearest MRT is Bugis MRT, 66 m away (about a 1-minute walk). The closest bus stop (Bugis Stn Exit B) is 72 m away (about a 1-minute walk). Bugis Junction is 142 m away (about a 2-minute walk).
What is Bugis Junction Towers zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.5
- Urban design area
- Udga
- Central Area
- Yes
What has Bugis Junction Towers sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Sept 2019 | Office | S$547.48M | 298,421 sqft | $1,835 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Bugis Junction Towers rent for?
Office space on Victoria Street
Street level · 2026Q3S$ per sq ft per month · median +38.3% 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 Victoria Street
Street level · 2026Q3S$ per sq ft per month · median +6.5% 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 7 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 7 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 Bugis Junction Towers
- City Hall / Marina Centre: Rent S$11.36 psf/mth · Vacancy 3.2% · Planned / under construction 0.00m sq ft
- Bugis: Rent S$12.12 psf/mth · Vacancy 11.9% · Planned / under construction 0.56m 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 Bugis Junction Towers
Rent: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 4 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 Bugis Junction Towers?
- 18 Nov 2025ApprovedFloor 3Change of use: shop → amusement centre with ancillary shop
Proposed change of use of units #03-XX and #03-XX from shop to amusement centre with ancillary shop at bugis junction shopping centre
- 27 May 2025ApprovedAdditions & alterations
Proposed addition and alteration works at 2nd storey to the existing bugis junction shopping centre
- 8 Apr 2025ApprovedAdditions & alterations
Proposed additions and alterations at 1st storey to the existing bugis junction shopping centre
- 13 Jan 2023Agency worksFloor 4Change of use to commercial school
Lodgment for proposed use of units #04-XX and #04-XX as commercial school
- 6 Jun 2022ApprovedAdditions & alterations
Proposed amendment to the approved additions and alterations to the 3rd storey of the existing bugis junction shopping centre
- 18 Oct 2021ApprovedFloor 1Change of use: shop → caf�
Proposed change of use of part of unit #01-XX from shop to caf� at bugis junction shopping centre
- 6 Apr 2021ApprovedAdditions & alterations
Proposed reistatement for interconnecting staircase at the existing 12th and 13th storey office building on lot 01015c ts 13 at 230 victoria street, singapore 188024 (downtown core planning area)
- 17 Nov 2020ApprovedChange of use: common circulation corridor → ancillary storeroom
Proposed change of use of part of basement 1 from common circulation corridor to ancillary storeroom at bugis junction shopping centre
- 18 May 2020ApprovedFloor 2Change of use to massage establishment
Proposed change of use of unit #02-XX to massage establishment (spa) at bugis junction shopping centre
- 12 May 2020ApprovedFloor 3Change of use: shop → amusement centre
Proposed change of use of unit #03-XX from shop to amusement centre at bugis junction shopping centre
- 23 Mar 2020ApprovedFloor 2Change of use: shop → massage establishment
Proposed change of use of unit #02-XX from shop to massage establishment at bugis junction
- 13 Mar 2020ApprovedFloor 4Change of use: take away food shop → massage establishment
Proposed change of use of unit #04-XX from take away food shop to massage establishment (spa) at bugis junction shopping centre
32 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$54.50 per unit).
How does Victoria Street price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Bugis Junction Towers?
Indicative area yield — District 7 retail
An INDICATIVE AREA yield for District 7 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 7 ($ psm/month, 2026Q3)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Level 1 · 30 & Below | $93.33 | $113.33 | $165.94 |
| Level 4 & Above · 30 & Below | $69.42 | $79.17 | $140.05 |
| B1 & Below · 30 & Below | $94.66 | $392.16 | $721.70 |
| Level 2 & 3 · 30 & Below | $71.79 | $88.95 | $100.36 |
| Level 1 · >30 - 100 | $84.41 | $129.03 | $192.55 |
| Level 2 & 3 · >30 - 100 | $53.85 | $86.57 | $113.16 |
| B1 & Below · >30 - 100 | $71.03 | $80.88 | $146.17 |
| Level 4 & Above · >30 - 100 | $47.06 | $59.43 | $68.42 |
Office rents — Central Area ($ 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 Bugis Junction Towers right now?
For rent (36)
- Bugis Junction TowerS$3k/mo · 158 sqft
- Bugis Junction TowersS$3k/mo · 145 sqft
- 230 Victoria Street, 188024S$27k/mo · 2,675 sqft
- Bugis Junction TowersS$6k/mo · 350 sqft
What is near Bugis Junction Towers?
Getting around
- Bugis MRT66 m · ~1 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Bugis Junction Towers
nearest MRT/LRT Bugis (EW12/DT14) 30 m, about 109,000 taps a weekday; 9 more stations within 1 km; bus stops within 400 m: 20, about 35,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 18,000 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
- Bugis (EW12 / DT14)30 m · about 109,000 weekday taps
- Jalan Besar (DT22)540 m · about 21,000 weekday taps
- Rochor (DT13)560 m · about 22,000 weekday taps
- Bencoolen (DT21)604 m · about 20,000 weekday taps
- Bras Basah (CC2)651 m · about 10,000 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 Bugis Junction Towers. Transfers between lines don't tap, so interchanges read low.
Bus
20 bus stops within 400 m, with about 35,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- North Bridge Rd Off St (URA)59 mS$0.75 per half-hour at midday on a weekday · 92 car lots
- Cheng Yan Place (URA)182 mS$1.20 per half-hour at midday on a weekday · 4 car lots
- Liang Seah St (URA)227 mS$1.20 per half-hour at midday on a weekday · 45 car lots
- Bugis+ (development car park)232 mrates not published as open data
- Blk 270/271 Albert Centre Basement Car Park (HDB)253 mS$1.20 per half-hour at midday on a weekday · gantry 1.8 m · 91 car lots
HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.
Nearest URA season parking: Kampong Glam Area, 532 m away, S$125/month.
Public car parks only, by straight-line distance, with the operator's published rates. Bugis Junction Towers's own car park, if it has one, and its charges are not in the open data.
Who's registered at Bugis Junction Towers?
- Professional, scientific and technical services86
- Wholesale and retail trade61
- Information and communications53
- Financial and insurance43
- Administrative and support services18
- Construction17
- Transportation and storage10
- Manufacturing7
- Education7
- Other services3
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 Bugis Junction Towers's BCA building profile?
- BCA building type
- Mixed Development
- Green Mark
- Platinum (2017)
- Energy use intensity
- 378 kWh/m²·yr
Frequently asked questions about Bugis Junction Towers
Where is Bugis Junction Towers?⌄
Bugis Junction Towers is at 230 Victoria Street, Singapore 188024, in the Downtown Core planning area.
What is Bugis Junction Towers zoned as?⌄
Bugis Junction Towers sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.5.
What is the tenure of Bugis Junction Towers?⌄
Bugis Junction Towers is leasehold. About 63 years remain on the lease.
What have units at Bugis Junction Towers sold for?⌄
Across 1 recorded transaction, the median price is S$1,835 psf. The latest was in September 2019.
What is the nearest MRT station to Bugis Junction Towers?⌄
Bugis MRT is the closest, 66 m away (about a 1-minute walk).
How many businesses are registered at Bugis Junction Towers?⌄
344 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 Bugis Junction Towers.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.