CommercialCOMMERCIALFreeholdDistrict 1 · Singapore River

Central Mall

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2015

Quick Summary

Central Mall is a commercial building in District 1 · Singapore River, on land zoned COMMERCIAL under the URA Master Plan. It is freehold. 1 transaction is on record since 1995, most recently in Dec 2015. ACRA records 5 live company registrations at this address.

The facts are here — now get the verdict on Central Mall.

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What are the key facts about Central Mall?

Key takeawayCentral Mall is a commercial building in District 1 · Singapore River, zoned COMMERCIAL, held freehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: Subject to Evaluation
Tenure: Freehold
District / Area: District 1 · Singapore River
Address: 1 Magazine Road
Land area: 4,786 sqm
Completed: Not on record
Storeys: Not on record
Submarket: City Fringe
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 5

About Central Mall

Central Mall is a commercial building in Singapore River (District 01). It is located along Magazine Road, Singapore 059567.

Under the URA Master Plan it sits on land zoned commercial. It lies inside the Central Area.

The site is freehold. It occupies roughly 4,786 sqm of land with about 8,203 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$7,231 psf. The most recent was in December 2015.

10 businesses are currently registered at this address with ACRA.

The nearest MRT is Clarke Quay MRT, 471 m away (about a 7-minute walk). The closest bus stop (Ctrl Sq) is 129 m away (about a 2-minute walk). Robertson Walk is 400 m away (about a 6-minute walk).

What is Central Mall zoned as?

Key takeawayCentral Mall sits on land zoned COMMERCIAL, inside the Central Area.

Land-use zone: COMMERCIAL
Gross plot ratio: Subject to Evaluation
Urban design area: Udga
Central Area: Yes

URA has not published a fixed plot ratio for this site — the Master Plan records "EVA" (Subject to Evaluation), meaning intensity is decided case by case on application. Do not quote a plot ratio, and do not compute buildable GFA from it.

BCA-verified envelope: built 15,769 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 →

What has Central Mall sold for?

Key takeaway1 transaction is on record since 1995, most recently in Dec 2015 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Dec 2015	Office	S$218.00M	30,148 sqft	$7,231

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 Central Mall rent for?

Key takeawayNo rent is published for Central Mall itself. On its street, Magazine Road, retail space rented at a median of $4.00 psf a month in 2022Q3. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Magazine Road

Street level · 2022Q3

25th pct

—

— psm

Median

$4.00

$43.04 psm

75th pct

—

— psm

S$ per sq ft per month (median only published)

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 1 retail

Region band · 2026Q3

25th pct

$8.23

$88.64 psm

Median

$10.02

$107.81 psm

75th pct

$15.92

$171.42 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 1 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 Central Mall

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

CBRE, 2Q 2026

Decentralised: Vacancy 3.6%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

City Fringe (all grades): Rent S$7.83 psf/mth · Vacancy 2.5% · Planned / under construction 1.35m sq ft

Singapore Office MarketBeat Q2 2026

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.

What's been approved at Central Mall?

Key takeawayURA has approved 6 changes of use at Central Mall since 2000, most recently in 2022. 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.

29 Jun 2022ApprovedFloor 1
Change of use to restaurant and bar with live entertainment
Proposed change of use of units #01-XX, #01-XX, #01-XX, #01-XX and #01-XX to restaurant and bar with live entertainment - central mall
29 Jan 2021ApprovedFloor 1
Change of use to restaurant with ancillary live entertainment
Proposed change of use of units #01-XX, #01-XX, and #01-XX to restaurant with ancillary live entertainment - central mall
7 Aug 2019ApprovedFloor 1
Change of use to restaurant with ancillary live entertainment
Proposed change of use of unit #01-XX to restaurant with ancillary live entertainment
1 Feb 2019ApprovedFloor 1
Change of use: shop → bar with ancillary live entertainment
Proposed change of use of unit #01-XX from shop to bar with ancillary live entertainment at central mall - 1 magazine road (singapore river planning area)
19 Nov 2018RenewedFloor 1
Continued use as restaurant with ancillary limited live music performance
Continued use of unit #01-XX, #01-XX and #01-XX shop as restaurant with ancillary limited live music performance at 1 magazine road
4 Nov 2016ApprovedFloor 1
Change of use: shop → restaurant with ancillary limited live music performance
Proposed change of use of unit#01-XX, #01-XX and #01-XX from shop to restaurant with ancillary limited live music performance at 1 magazine road
29 Jul 2013Approved
Additions & alterations
Proposed additions and alterations to the existing central mall on lot 00327p ts08 at 1 magazine road (singapore river planning area)
17 Dec 2003ApprovedFloor 1
Change of use to restaurant
Proposed use of shop unit #01-XX as restaurant

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 Central Mall?

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

Indicative area yield — District 1 retail

Gross yield (area)

3.4%

3.0% net of property tax

Rent side (median of bands)

$107.81 psm/mo

2026Q3

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, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$82.69	$99.35	$120.39
Level 1 · 30 & Below	$172.73	$245.52	$332.57
B1 & Below · 30 & Below	$87.33	$172.91	$321.72
Level 2 & 3 · >30 - 100	$77.43	$95.09	$183.52
Level 1 · >30 - 100	$106.77	$168.33	$217.05
B1 & Below · >30 - 100	$117.40	$198.29	$365.38
Level 1 · >100 - 300	$115.69	$148.57	$187.43
B1 & Below · >100 - 300	$148.73	$233.33	$396.56

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 Central Mall?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 471 m away.

Getting around

Clarke Quay MRT471 m · ~7 min

Amenities nearby

Hotel · 51 mPlace Of Worship · 102 mL&G Medical Clinic · 115 mCtrl Sq · 129 mSheng Siong Supermarket Pte Ltd · 169 mBlk 1 Jalan Kukoh · 266 mChinatown MRT Exit D · 358 mRobertson Walk · 400 mEducational Institution · 557 mKreta Ayer Community Club · 805 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Central Mall

Key takeawayThe nearest station is Chinatown (NE4 / DT19), 358 m away — one of the busiest stations, with about 97,000 taps in and out on an average weekday. 11 public car parks are within 500 m; the cheapest URA season parking nearby is S$80 a month.

Foot traffic: busier than 32% of office buildings

nearest MRT/LRT Chinatown (NE4/DT19) 358 m, about 97,000 taps a weekday; 6 more stations within 1 km; bus stops within 400 m: 7, about 15,000 taps a weekday; Singapore River: 18,341 resident workers (Census 2020, by workplace); about 23,000 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

Chinatown (NE4 / DT19)358 m · about 97,000 weekday taps
Clarke Quay (NE5)404 m · about 31,000 weekday taps
Fort Canning (DT20)489 m · about 14,000 weekday taps
Outram Park (EW16 / NE3 / TE17)823 m · about 78,000 weekday taps
Maxwell (TE18)846 m · about 23,000 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 Central Mall. Transfers between lines don't tap, so interchanges read low.

Bus

7 bus stops within 400 m, with about 15,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 54 Chin Swee Road Mscp (HDB)168 m
S$0.60 per half-hour at midday on a weekday · gantry 1.9 m · 260 car lots
Blk 34 Upper Cross Street Car Park (HDB)201 m
S$1.20 per half-hour at midday on a weekday
Blk 1 Jalan Kukoh Car Park (HDB)299 m
S$0.60 per half-hour at midday on a weekday · 42 car lots
New Market Rd (URA)301 m
Blk 33 Park Crescent Mscp (HDB)329 m
S$1.20 per half-hour at midday on a weekday · gantry 2.15 m · 576 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.

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

Who's registered at Central Mall?

Key takeaway5 live companies (and LLPs and branches; sole proprietors are not counted) list Central Mall as their registered address. These are registered businesses, not who occupies the space.

Accommodation and food services
2
Financial and insurance
1
Manufacturing
1
Administrative and support services
1
Wholesale and retail trade
0
Professional, scientific and technical services
0
Information and communications
0
Health and social services
0
Transportation and storage
0
Construction
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.

What is Central Mall's BCA building profile?

BCA building type: Office
Green Mark: Platinum (2017)
Energy use intensity: 181 kWh/m²·yr

Frequently asked questions about Central Mall

Where is Central Mall?⌄

Central Mall is at 1 Magazine Road, Singapore 059567, in the Singapore River planning area.

What is Central Mall zoned as?⌄

Central Mall sits on land zoned commercial under the URA Master Plan.

What is the tenure of Central Mall?⌄

Central Mall is freehold.

What have units at Central Mall sold for?⌄

Across 1 recorded transaction, the median price is S$7,231 psf. The latest was in December 2015.

What is the nearest MRT station to Central Mall?⌄

Clarke Quay MRT is the closest, 471 m away (about a 7-minute walk).

How many businesses are registered at Central Mall?⌄

10 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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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.

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.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

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.

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, HDB car park information (data.gov.sg), 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.