CommercialCOMMERCIALDistrict 1 · Downtown Core

Downtown Gallery

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

Downtown Gallery is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 13.0. ACRA records 172 live company registrations at this address.

The facts are here — now get the verdict on Downtown Gallery.

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What are the key facts about Downtown Gallery?

Key takeawayDowntown Gallery is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 13.0
Tenure: Not on record
District / Area: District 1 · Downtown Core
Address: 6a Shenton Way
Land area: —
Completed: Not on record
Storeys: Not on record
Strata units (MCST): 4
Managing agent: JONES LANG LASALLE PROPERTY CONSULTANTS PTE LTD
Strata formed: 2018 (MCST 4601)
Owner: OUE Limited (SGX filings)
Submarket: Shenton Way / Tanjong Pagar
Transactions on record: None recorded
Live listings: None
ACRA registrations: 172

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.

Who owns Downtown Gallery, and what is it valued at?

Key takeawayDowntown Gallery is owned by OUE Limited, 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.

Downtown Gallery

Valued at S$182 million as at 31 Dec 2025, by Savills Valuation and Professional Services (S) Pte Ltd.

per OUE Limited's SGX filing, 27 Feb 2026

Earlier: S$190 million (31 Dec 2024) · S$207 million (31 Dec 2023) · S$216 million (31 Dec 2022)

Downtown Gallery, 6A Shenton Way

Valued at S$182 million as at 31 Dec 2025, by Savills Valuation and Professional Services (S) Pte Ltd.

per OUE Limited's SGX filing, 27 Feb 2026

Earlier: S$190 million (31 Dec 2024) · S$207 million (31 Dec 2023) · S$216 million (31 Dec 2022)

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 Downtown Gallery

Downtown Gallery is a commercial building in Downtown Core (District 01). It is located along Shenton Way, Singapore 068815.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 13. It lies inside the Central Area.

172 businesses are currently registered at this address with ACRA.

The nearest MRT is Shenton Way MRT, 162 m away (about a 2-minute walk). The closest bus stop (UIC Bldg) is 77 m away (about a 1-minute walk). Icon Village is 574 m away (about a 9-minute walk).

What is Downtown Gallery zoned as?

Key takeawayDowntown Gallery sits on land zoned COMMERCIAL with a gross plot ratio of 13.0, inside the Central Area.

Land-use zone: COMMERCIAL
Gross plot ratio: 13.0
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What does space at Downtown Gallery rent for?

Key takeawayNo rent is published for Downtown Gallery itself. On its street, Shenton Way, office space rented at a median of $9.02 psf a month in 2026Q3, with the middle half of leases between $6.56 and $9.85. That is not this building's own rent, and never a quote for a particular unit.

Office space on Shenton Way

Street level · 2026Q3

25th pct

$6.56

$70.61 psm

Median

$9.02

$97.04 psm

75th pct

$9.85

$106.03 psm

S$ per sq ft per month · median +8% on a year earlier

2023Q4 · $78.03 psm2026Q3 · $97.04 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 Shenton Way

Street level · 2026Q3

25th pct

$6.90

$74.28 psm

Median

$8.88

$95.59 psm

75th pct

$11.66

$125.56 psm

S$ per sq ft per month · median +16.3% on a year earlier

2023Q4 · $69.97 psm2026Q3 · $95.59 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 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 Downtown Gallery

Key takeawayFlexible workspace: The Work Project lists a centre here, per the operator's public location list (10 Oct 2026).Brokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026 (island-wide)

Islandwide: Rent S$28.15 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft

Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% 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 does Shenton Way price?

Key takeawayAcross 27 strata sales on Shenton Way in the last 5 years, the median is $2,393 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$2,393

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

What do commercial rents run near Downtown Gallery?

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 Downtown Gallery?

Key takeawayThe nearest MRT/LRT is Shenton Way MRT, about 162 m away.

Getting around

Shenton Way MRT162 m · ~3 min

Amenities nearby

Trinity Medical (Shenton) · 44 mUIC Bldg · 77 mShenton Way MRT Exit 6 · 109 mAp House Pte. Ltd. · 215 mPlace Of Worship · 217 mHotel · 226 mTelok Ayer Pk · 251 mAmoy Street Food Centre · 347 mIcon Village · 574 mKreta Ayer Community Club · 756 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Downtown Gallery

Key takeawayThe nearest station is Shenton Way (TE19), 108 m away — a moderately busy station, with about 32,000 taps in and out on an average weekday. 17 public car parks are within 500 m.

Foot traffic: busier than 82% of retail buildings

nearest MRT/LRT Shenton Way (TE19) 108 m, about 32,000 taps a weekday; 10 more stations within 1 km; bus stops within 400 m: 8, about 16,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 16,000 residents within 1 km (June 2026); 6 other malls within 1 km. Ranked against 12,856 retail 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, and competing malls), not a count of people.

Stations within 1 km

Shenton Way (TE19)108 m · about 32,000 weekday taps
Tanjong Pagar (EW15)218 m · about 85,000 weekday taps
Downtown (DT17)438 m · about 51,000 weekday taps
Telok Ayer (DT18)454 m · about 37,000 weekday taps
Prince Edward Road (CC32)540 m · 3,673 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 Downtown Gallery. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with about 16,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Backlane (Boon Tat St - Mccallum St) (URA)249 m
Mccallum St (URA)261 m
S$1.20 per half-hour at midday on a weekday · 11 car lots
Backlane (Mccallum St) (URA)268 m
Telok Ayer St (URA)277 m
S$1.20 per half-hour at midday on a weekday · 49 car lots
Stanley St (URA)297 m
S$1.20 per half-hour at midday on a weekday · 20 car lots

Nearest URA season parking: Blair Road-Everton Roa D Area, 1.3 km away, S$80/month.

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

How many companies are registered at Downtown Gallery?

Key takeawayACRA records 172 live company registrations at this address, 70 of them in the last three years.

Live registrations: 172
Registered last 3 years: 70
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.

Frequently asked questions about Downtown Gallery

Where is Downtown Gallery?⌄

Downtown Gallery is at 6A Shenton Way, Singapore 068815, in the Downtown Core planning area.

What is Downtown Gallery zoned as?⌄

Downtown Gallery sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 13.

Have there been any recorded transactions at Downtown Gallery?⌄

No caveats have been lodged for Downtown Gallery 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 Downtown Gallery?⌄

Shenton Way MRT is the closest, 162 m away (about a 2-minute walk).

How many businesses are registered at Downtown Gallery?⌄

172 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.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Tenure is not recorded for this building. Commercial tenure coverage is roughly 40% (industrial is far better at ~90%).

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, 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.

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.