CommercialCOMMERCIALLeaseholdDistrict 1 · Downtown Core

Gb Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Sept 2026

Quick Summary

Gb Building is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 11.2. It is leasehold with roughly 55 years remaining. 37 transactions are on record since 1995, at a median S$1,697 psf, most recently in Sept 2026. 19 units are currently listed for sale or rent. ACRA records 638 live company registrations at this address.

The facts are here — now get the verdict on Gb Building.

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What are the key facts about Gb Building?

Key takeawayGb Building is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL, held leasehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 11.2
Tenure: Leasehold
District / Area: District 1 · Downtown Core
Address: 143 Cecil Street
Land area: 1,789 sqm
Completed: Not on record
Storeys: 28 (© OpenStreetMap contributors)
Strata units (MCST): 24
Managing agent: JONES LANG LASALLE PROPERTY CONSULTANTS PTE LTD
Strata formed: 1991 (MCST 1636)
Submarket: Shenton Way / Tanjong Pagar
Units with a recorded sale: At least 61
Listed as: Office
Transactions on record: 37 (records start 1995)
Live listings: 19
ACRA registrations: 638

About Gb Building

Gb Building is a commercial building in Downtown Core (District 01). It is located along Cecil Street, Singapore 069542.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 11.2. It lies inside the Central Area.

The site is leasehold, with about 55 years remaining on the lease. It occupies roughly 1,789 sqm of land with about 20,037 sqm of gross floor area.

36 transactions have been recorded here, at a median of S$1,674 psf. The most recent was in April 2026.

695 businesses are currently registered at this address with ACRA.

The nearest MRT is Shenton Way MRT, 280 m away (about a 4-minute walk). The closest bus stop (Aft Telok Ayer St) is 39 m away (about a 1-minute walk).

What is Gb Building zoned as?

Key takeawayGb Building sits on land zoned COMMERCIAL with a gross plot ratio of 11.2, inside the Central Area.

Land-use zone: COMMERCIAL
Gross plot ratio: 11.2
Urban design area: Udga
Central Area: Yes

BCA-verified envelope: allowable GFA 20,037 sqm · built 17,306 sqm · headroom 2,731 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 Gb Building sold for?

Key takeawayAcross 37 recorded transactions since 1995, the median price is about S$9.22M, most recently in Sept 2026.

Date	Use	Price	Area	PSF
Sept 2026	Office	S$10.25M	5,425 sqft	$1,889
Apr 2026	Office	S$10.20M	5,425 sqft	$1,880
Feb 2026	Office	S$22.50M	12,594 sqft	$1,787
Jul 2025	Retail	S$39.20M	13,068 sqft	$3,000
Oct 2024	Office	S$10.88M	5,500 sqft	$1,978
Jan 2024	Office	S$10.74M	5,425 sqft	$1,980
Jul 2021	Office	S$25.48M	13,068 sqft	$1,950
Jul 2021	Office	S$8.58M	5,425 sqft	$1,582
Jul 2021	Office	S$18.00M	12,594 sqft	$1,429
May 2021	Office	S$9.90M	5,210 sqft	$1,900

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 Gb Building rent for?

Key takeawayNo rent is published for Gb Building itself. On its street, Cecil Street, office space rented at a median of $6.56 psf a month in 2026Q3, with the middle half of leases between $6.06 and $7.28. That is not this building's own rent, and never a quote for a particular unit.

Office space on Cecil Street

Street level · 2026Q3

25th pct

$6.06

$65.25 psm

Median

$6.56

$70.62 psm

75th pct

$7.28

$78.32 psm

S$ per sq ft per month · median -0.4% on a year earlier

2023Q4 · $63.69 psm2026Q3 · $70.62 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 Cecil Street

Street level · 2026Q3

25th pct

$6.05

$65.10 psm

Median

$7.12

$76.63 psm

75th pct

$11.98

$128.92 psm

S$ per sq ft per month · median -37.8% on a year earlier

2023Q1 · $209.46 psm2026Q3 · $76.63 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 Gb Building

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

CBRE, 2Q 2026 (island-wide)

Islandwide: Vacancy 5%
Islandwide (Grade B): Rent S$8.35 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Shenton Way / Tanjong Pagar: Rent S$11.02 psf/mth · Vacancy 9.6% · Planned / under construction 1.64m 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 Gb Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 10 units for rent; 9 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 5 new listings appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 3 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 Gb Building?

Key takeawayURA has approved 14 changes of use at Gb Building since 2000, most recently in 2026. 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.

3 Jul 2026Approved
Additions & alterations
Proposed addition & alteration works from 1st to 3rd storey involving installation of internal lift and change of use of the 1st storey to public gallery and restaurant, and the 2nd and 3rd storey to private members' club at gb building at 143 cecil street on lot 00257c ts02 (downtown core planning area)
13 Jan 2026ApprovedFloor 3
Change of use: office → private members' club
Proposed change of use of units #03-XX, #03-XX, #03-XX, #03-XX, #03-XX, #03-XX, #03-XX, #03-XX, #03-XX and #03-XX from office to private members' club at gb building
13 Jun 2025RenewedFloors 1, 2
Continued use as restaurant and bar with live entertainment
Continued use of units #01-XX and #02-XX as restaurant and bar with live entertainment at gb building
27 Feb 2025ApprovedFloor 11
Change of use: office → function room/hall
Proposed change of use of #11-XX from office to function room/hall at gb building
23 Aug 2023ApprovedFloors 1, 2
Change of use: restaurant and #02-xx from showroom → restaurant and bar with live entertainment
Proposed change of use of unit #01-XX from restaurant and #02-XX from showroom to restaurant and bar with live entertainment at gb building
17 Mar 2023ApprovedFloor 2
Change of use: showroom → restaurant with live entertainment
Proposed change of use of unit #02-XX from showroom to restaurant with live entertainment at gb building
17 Nov 2022Agency worksFloor 26
Change of use to commercial school
Lodgment for proposed use of units #26-XX, #26-XX, #26-XX & #26-XX as commercial school
21 Oct 2022Agency worksFloor 26
Change of use to commercial school
Lodgment for proposed use of units #26-XX, #26-XX, #26-XX & #26-XX as commercial school
23 Jun 2022ApprovedFloor 2
Change of use to massage establishment
Proposed change of use of unit #02-XX to massage establishment
16 Jun 2022ApprovedFloor 1
Change of use: restaurant → restaurant and bar with ancillary live performance
Proposed change of use of unit #01-XX from restaurant to restaurant and bar with ancillary live performance at gb building
16 Jul 2020ApprovedFloor 23
Change of use: office → commercial school
Proposed change of use of unit #23-XX from office to commercial school at gb building
26 Sept 2016Agency worksFloor 1
Change of use to restaurant
Lodgment for proposed use of unit #01-XX as restaurant

5 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 Cecil Street price?

Key takeawayAcross 117 strata sales on Cecil Street in the last 5 years, the median is $3,881 psf.

Strata sales on the street (5y)

117

Street median PSF (strata)

$3,881

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

What do commercial rents run near Gb Building?

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 available at Gb Building right now?

Key takeaway19 units are currently listed at Gb Building — 9 for sale and 10 for rent. One row per unit; several agents often market the same unit.

For sale (9)

Gb BuildingS$12.37M · 5,425 sqft
Gb Building4 agentsS$10.60M · 5,425 sqft
Gb Building6 agentsS$10.69M · 5,425 sqft
Gb Building2 agentsS$22.25M · 10,850 sqft

For rent (10)

Gb BuildingS$2k/mo · 125 sqft
Gb Building2 agentsS$5k/mo · 604 sqft
Gb BuildingS$2k/mo · 150 sqft
Gb BuildingS$3k/mo · 280 sqft

Browse every listing at this building →

What is near Gb Building?

Key takeawayThe nearest MRT/LRT is Shenton Way MRT, about 280 m away — and 3 competing retail premisess operate nearby.

Getting around

Shenton Way MRT280 m · ~4 min

Amenities nearby

Aft Telok Ayer St · 39 mDore Medical Clinic · 80 mPlace Of Worship · 112 mTanjong Pagar MRT Exit G · 163 mTelok Ayer Pk · 166 mHotel · 202 mKreta Ayer Community Club · 624 mEducational Institution · 890 mSingapore General Hospital · 1.4 km

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

Amoy Street Food Centre · 219 mAp House Pte. Ltd. · 311 mCross Street Exchange · 551 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Gb Building

Key takeawayThe nearest station is Tanjong Pagar (EW15), 163 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 28 public car parks are within 500 m.

Foot traffic: busier than 84% of office buildings

nearest MRT/LRT Tanjong Pagar (EW15) 163 m, about 85,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 8, about 17,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 17,000 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

Tanjong Pagar (EW15)163 m · about 85,000 weekday taps
Shenton Way (TE19)222 m · about 32,000 weekday taps
Telok Ayer (DT18)353 m · about 37,000 weekday taps
Maxwell (TE18)428 m · about 23,000 weekday taps
Downtown (DT17)498 m · about 51,000 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 Gb Building. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with about 17,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Mccallum St (URA)122 m
S$1.20 per half-hour at midday on a weekday · 11 car lots
Backlane (Mccallum St) (URA)130 m
Telok Ayer St (URA)139 m
S$1.20 per half-hour at midday on a weekday · 49 car lots
Stanley St (URA)181 m
S$1.20 per half-hour at midday on a weekday · 20 car lots
Backlane (Boon Tat St - Mccallum St) (URA)186 m

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. Gb Building's own car park, if it has one, and its charges are not in the open data.

Who's registered at Gb Building?

Key takeaway638 live companies (and LLPs and branches; sole proprietors are not counted) list Gb Building as their registered address. These are registered businesses, not who occupies the space.

Professional, scientific and technical services
158
Financial and insurance
122
Information and communications
111
Wholesale and retail trade
101
Transportation and storage
42
Administrative and support services
28
Other services
17
Education
16
Manufacturing
14
Construction
6

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 Gb Building's BCA building profile?

BCA building type: Office
Green Mark: NA (NA)
Energy use intensity: 177 kWh/m²·yr

Frequently asked questions about Gb Building

Where is Gb Building?⌄

Gb Building is at 143 Cecil Street, Singapore 069542, in the Downtown Core planning area.

What is Gb Building zoned as?⌄

Gb Building sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 11.2.

What is the tenure of Gb Building?⌄

Gb Building is leasehold. About 55 years remain on the lease.

What have units at Gb Building sold for?⌄

Across 36 recorded transactions, the median price is S$1,674 psf. The latest was in April 2026.

What is the nearest MRT station to Gb Building?⌄

Shenton Way MRT is the closest, 280 m away (about a 4-minute walk).

How many businesses are registered at Gb Building?⌄

695 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.

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.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

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, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — 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.