CommercialCOMMERCIALConservationLeaseholdDistrict 1 · Outram

Capital Square

Reviewed by Nathan TangUpdated 10 August 2026
Quick Summary

Capital Square is a commercial building in District 1 · Outram, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 4.2. It is leasehold. 30 units are currently listed for rent. ACRA records 176 live company registrations at this address.

1

What are the key facts about Capital Square?

Key takeawayCapital Square is a commercial building in District 1 · Outram, zoned COMMERCIAL, held leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
4.2
Tenure
Leasehold
District / Area
District 1 · Outram
Address
Land area
11,102 sqm
Transactions on record
None recorded
Live listings
30
ACRA registrations
176

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.

2

About Capital Square

Capital Square is a commercial building in Outram (District 01). It is located along Church Street, Singapore 049481.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 4.2. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines. It lies inside the Central Area.

The site is leasehold. It occupies roughly 11,102 sqm of land with about 38,209 sqm of gross floor area.

176 businesses are currently registered at this address with ACRA.

The nearest MRT is Telok Ayer MRT, 190 m away (about a 3-minute walk). The closest bus stop (OCBC Ctr) is 79 m away (about a 1-minute walk). Republic Plaza is 184 m away (about a 3-minute walk).

3

What is Capital Square zoned as?

Key takeawayCapital Square sits on land zoned COMMERCIAL with a gross plot ratio of 4.2, with conservation status, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
4.2
Conservation area
China Square
Urban design area
Udga
Central Area
Yes

Run the full zoning report for this building →

4

How does Church Street price?

Strata sales on the street (5y)
9

Too few strata sales on this street to support a median — the count is shown without one.

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

5

What do commercial rents run near Capital Square?

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.

6

What is available at Capital Square right now?

Key takeaway30 units are currently listed at Capital Square. One row per unit; several agents often market the same unit.

For rent (30)

  • Capital SquareS$50k/mo · 4,575 sqft
  • Capital SquareS$44k/mo · 4,000 sqft
  • Capital SquareS$15k/mo · 2,000 sqft
  • ❤️ Telok Ayer MRT Shophouse with Lift2 agentsS$15k/mo · 2,056 sqft

Browse every listing at this building →

7

What is near Capital Square?

Key takeawayThe nearest MRT/LRT is Telok Ayer MRT, about 190 m away.

Getting around

Amenities nearby

Hotel · 73 mOCBC Ctr · 79 mFullerton Health @ OFC · 83 mPlace Of Worship · 84 mMarket Street Hawker Centre · 119 mTelok Ayer MRT Exit B · 141 mMarket Street Park · 149 mRepublic Plaza · 184 mNTUC Fairprice Co-operative Ltd · 492 mKreta Ayer Community Club · 717 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Capital Square?

Key takeawayACRA records 176 live company registrations at this address, 69 of them in the last three years.
Live registrations
176
Registered last 3 years
69
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 Capital Square

Where is Capital Square?

Capital Square is at Church Street, Singapore 049481, in the Outram planning area.

What is Capital Square zoned as?

Capital Square sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.2.

What is the tenure of Capital Square?

Capital Square is leasehold.

Is Capital Square a conserved property?

Yes. Capital Square falls within a URA conservation area, so external works are subject to conservation guidelines.

Have there been any recorded transactions at Capital Square?

No caveats have been lodged for Capital Square 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 Capital Square?

Telok Ayer MRT is the closest, 190 m away (about a 3-minute walk).

How many businesses are registered at Capital Square?

176 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.

For agents · in the PropKaki app

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