CommercialCOMMERCIALLeaseholdDistrict 3 · Bukit Merah

Central Plaza

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2006

Quick Summary

Central Plaza is a commercial building in District 3 · Bukit Merah, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 3.0. It is leasehold with roughly 64 years remaining. 1 transaction is on record since 1995, most recently in Oct 2006. 22 units are currently listed for rent. ACRA records 139 live company registrations at this address.

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

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What are the key facts about Central Plaza?

Key takeawayCentral Plaza is a commercial building in District 3 · Bukit Merah, zoned COMMERCIAL, held leasehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 3.0
Tenure: Leasehold
District / Area: District 3 · Bukit Merah
Address: 298 Tiong Bahru Road
Land area: 15,252 sqm
Completed: Not on record
Storeys: Not on record
Strata units (MCST): 3
Managing agent: FRASERS PROPERTY RETAIL MANAGEMENT PTE. LTD.
Strata formed: 2002 (MCST 2634)
Owner: Frasers Centrepoint Trust (SGX filings)
Net lettable area: 171,136 sq ft (the owner's annual report (as filed on SGX))
Car-park lots: 338 (the owner's annual report (as filed on SGX))
Submarket: City Fringe
Listed as: Office, Grade A, Medical
Transactions on record: 1 (records start 1995)
Live listings: 22
ACRA registrations: 139

Who owns Central Plaza, and what is it valued at?

Key takeawayCentral Plaza is owned by Frasers Centrepoint Trust, a REIT listed on SGX. The figures below come from its own SGX filings, each with its date. A valuation is an independent valuer's opinion for the owner's accounts, not a sale price.

Valued at S$219 million as at 30 Sep 2025, by CBRE.

per Frasers Centrepoint Trust's SGX filing, 23 Oct 2025

Earlier: S$219 million (30 Sep 2024) · S$217.5 million (30 Sep 2023)

Central Plaza: Frasers Centrepoint Trust's annual report (2025)

Net lettable area: 171,136 sq ft
Committed occupancy: 94.6% (as of 30 Sep 2025)
Tenants: 33
Car-park lots: 338
Land tenure: 99-year leasehold from 1 September 1991
Green Mark: BCA Green Mark Gold (GM: 2021 In Operation)
Major tenants: JustCo (Singapore) Pte. Ltd., National Council of Social Service, Nippon Steel Engineering Co., Ltd., Kyocera Asia Pacific Pte. Ltd., Ennovi Precision Technology (Singapore) Pte. Ltd.

per Frasers Centrepoint Trust's annual report (SGX), 23 Dec 2025, page 149

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.

About Central Plaza

Central Plaza is a commercial building in Bukit Merah (District 03). It is located along Tiong Bahru Road, Singapore 168730.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 3.

The site is leasehold, with about 64 years remaining on the lease. It occupies roughly 15,252 sqm of land with about 48,235 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$897 psf. The most recent was in October 2006.

136 businesses are currently registered at this address with ACRA.

The nearest MRT is Tiong Bahru MRT, 66 m away (about a 1-minute walk). The closest bus stop (Tiong Bahru Stn/Plaza) is 68 m away (about a 1-minute walk). Tiong Bahru Plaza is 111 m away (about a 2-minute walk).

What is Central Plaza zoned as?

Key takeawayCentral Plaza sits on land zoned COMMERCIAL with a gross plot ratio of 3.0.

Land-use zone: COMMERCIAL
Gross plot ratio: 3.0

BCA-verified envelope: allowable GFA 45,756 sqm · built 20,886 sqm · headroom 24,870 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 Plaza sold for?

Key takeaway1 transaction is on record since 1995, most recently in Oct 2006 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Oct 2006	Office	S$175.00M	195,054 sqft	$897

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 Plaza rent for?

Key takeawayNo rent is published for Central Plaza itself. On its street, Tiong Bahru Road, office space rented at a median of $7.60 psf a month in 2026Q3. That is not this building's own rent, and never a quote for a particular unit.

Office space on Tiong Bahru Road

Street level · 2026Q3

25th pct

—

— psm

Median

$7.60

$81.82 psm

75th pct

—

— psm

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

2022Q2 · $75.00 psm2026Q3 · $81.82 psm median

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 Tiong Bahru Road

Street level · 2026Q3

25th pct

$19.61

$211.13 psm

Median

$26.65

$286.81 psm

75th pct

$37.61

$404.82 psm

S$ per sq ft per month · median -8.9% on a year earlier

2023Q4 · $211.19 psm2026Q3 · $286.81 psm median

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 3 retail

Region band · 2026Q3

25th pct

$7.49

$80.65 psm

Median

$10.49

$112.95 psm

75th pct

$14.10

$151.72 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 3 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 Plaza

Key takeawayFlexible workspace: JustCo lists a centre here, per the operator's public location list (10 Oct 2026).Brokers' 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.

How fast units move at Central Plaza

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 22 units for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 5 new listings appeared and 1 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 Central Plaza?

Key takeawayURA has approved 20 changes of use at Central Plaza since 2000, most recently in 2024. 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.

19 Jul 2024ApprovedFloor 8
Change of use: office → commercial school
Proposed change of use of #08-XX, #08-XX, #08-XX and #08-XX central plaza from office to commercial school
28 Sept 2023ApprovedFloor 6
Change of use: clinic → commercial school
Proposed change of use of unit #06-XX from clinic to commercial school at central plaza
16 Aug 2023ApprovedFloor 9
Change of use to massage establishment
Proposed change of use of unit #09-XX to massage establishment at central plaza
16 Mar 2023ApprovedFloor 9
Change of use to clinic
Proposed change of use of units #09-XX & #09-XX to clinic at central plaza
6 Mar 2023ApprovedFloor 9
Change of use to clinic
Proposed change of use of unit #09-XX to clinic at central plaza
18 Nov 2022ApprovedFloor 6
Change of use to commercial school
Proposed change of use of unit #06-XX to commercial school at central plaza
19 Aug 2022Agency worksFloor 6
Change of use to commercial school
Lodgment for proposed use of unit #06-XX as commercial school
10 Mar 2022ApprovedFloor 6
Change of use to office
Proposed change of use shop unit #06-XX to office at central plaza
13 Jan 2022ApprovedFloor 9
Change of use to commercial school & office
Proposed change of use of units #09-XX & #09-XX to commercial school & office at central plaza
19 Dec 2021ApprovedFloor 11
Change of use to commercial school
Proposed change of use of unit #11-XX to commercial school at central plaza
13 Dec 2021ApprovedFloor 6
Change of use to shop
Proposed change of use of units #06-XX & #06-XX to shop, #06-XX to commercial school and #06-XX, #06-XX & #06-XX to medical clinic at central plaza
13 Dec 2021ApprovedFloor 12
Change of use to medical clinic
Proposed change of use of unit #12-XX to medical clinic at central plaza

13 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 Central Plaza?

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

Indicative area yield — District 3 retail

Gross yield (area)

3.8%

3.4% net of property tax

Rent side (median of bands)

$112.95 psm/mo

2026Q3

Price side (strata, 5y)

$3,294 psf

38 sales

An INDICATIVE AREA yield for District 3 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 3 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$78.10	$94.74	$116.67
Level 1 · 30 & Below	$73.20	$92.12	$107.33
Level 1 · >30 - 100	$83.20	$164.15	$200.48
Level 2 & 3 · >30 - 100	$58.43	$67.44	$75.00
Level 1 · >100 - 300	$226.54	$240.67	$264.22
Level 2 & 3 · >100 - 300	$83.56	$131.15	$186.77

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 Central Plaza right now?

Key takeaway22 units are currently listed at Central Plaza. One row per unit; several agents often market the same unit.

For rent (22)

Central PlazaS$15k/mo · 1,959 sqft
Central PlazaS$18k/mo · 1,600 sqft
Central PlazaS$24k/mo · 2,939 sqft
Central Plaza10 agentsS$28k/mo · 3,574 sqft

Browse every listing at this building →

What is near Central Plaza?

Key takeawayThe nearest MRT/LRT is Tiong Bahru MRT, about 66 m away.

Getting around

Tiong Bahru MRT66 m · ~1 min

Amenities nearby

Tiong Bahru MRT Exit B · 57 mTiong Bahru Stn/Plaza · 68 mHua Mei Clinic · 74 mNTUC Fairprice Co-operative Ltd · 111 mTiong Bahru Plaza · 111 mEducational Institution · 231 mBlks 22A/B Havelock Road · 258 mKim Pong Park · 358 mPlace Of Worship · 421 mKim Seng Community Centre · 481 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Central Plaza

Key takeawayThe nearest station is Tiong Bahru (EW17), 56 m away — a busy station, with about 52,000 taps in and out on an average weekday. 21 public car parks are within 500 m.

Foot traffic: busier than 36% of office buildings

nearest MRT/LRT Tiong Bahru (EW17) 56 m, about 52,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 4, about 35,000 taps a weekday; Bukit Merah: 103,575 resident workers (Census 2020, by workplace); about 63,000 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

Tiong Bahru (EW17)56 m · about 52,000 weekday taps
Havelock (TE16)615 m · about 16,000 weekday taps
Great World (TE15)893 m · about 21,000 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 Plaza. Transfers between lines don't tap, so interchanges read low.

Bus

4 bus stops within 400 m, with about 35,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 11A Boon Tiong Road (HDB)77 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 360 car lots
Blk 34 Jalan Bukit Ho Swee (HDB)127 m
S$0.60 per half-hour at midday on a weekday
Blk 18A Jalan Membina (HDB)187 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 666 car lots
Blk 8C Boon Tiong Road (HDB)196 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 496 car lots
Blk 28A Beo Crescent (HDB)207 m
S$0.60 per half-hour at midday on a weekday · gantry 2 m · 229 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: Ganges Ave Off St, 733 m away, S$90/month.

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

Who's registered at Central Plaza?

Key takeaway139 live companies (and LLPs and branches; sole proprietors are not counted) list Central Plaza as their registered address. These are registered businesses, not who occupies the space.

Financial and insurance
27
Professional, scientific and technical services
25
Information and communications
20
Education
19
Wholesale and retail trade
18
Manufacturing
9
Health and social services
8
Administrative and support services
6
Transportation and storage
5
Construction
1

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 Central Plaza's BCA building profile?

BCA building type: Office
Green Mark: Platinum (2016)

Frequently asked questions about Central Plaza

Where is Central Plaza?⌄

Central Plaza is at 298 Tiong Bahru Road, Singapore 168730, in the Bukit Merah planning area.

What is Central Plaza zoned as?⌄

Central Plaza sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of Central Plaza?⌄

Central Plaza is leasehold. About 64 years remain on the lease.

What have units at Central Plaza sold for?⌄

Across 1 recorded transaction, the median price is S$897 psf. The latest was in October 2006.

What is the nearest MRT station to Central Plaza?⌄

Tiong Bahru MRT is the closest, 66 m away (about a 1-minute walk).

How many businesses are registered at Central Plaza?⌄

136 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.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

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.

Owner: the REIT or SGX-listed company whose latest valuation notice or annual report lists this building (a later divestment removes it). '(N% interest)' or '(part of the strata)' when it holds less than the whole. A building with no listed owner shows none — a private owner is never named.

Net lettable area: as the owner's latest annual report prints it (sq m converted to sq ft where needed).

Car-park lots: as the owner's latest annual report prints them.

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.

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 BCA's MCST register, PropKaki's submarket map, URA planning decisions, the owner's SGX filings, the owner's annual report (as filed on SGX), HDB car park information (data.gov.sg), LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Owners, valuations and deals: the owners' own filings on SGX (notices of valuation of real assets, acquisition and divestment announcements, annual reports), facts only, each with its date.

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.