Grand Building
Grand 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 15.0. It is 999-year leasehold. 4 transactions are on record since 1995, most recently in Dec 2023. ACRA records 263 live company registrations at this address.
What are the key facts about Grand Building?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 15.0
- Tenure
- 999-year leasehold
- District / Area
- District 1 · Downtown Core
- Address
- 17 Phillip Street
- Land area
- 494 sqm
- Transactions on record
- 4 (records start 1995)
- Live listings
- None
- ACRA registrations
- 263
About Grand Building
Grand Building is a commercial building in Downtown Core (District 01). It is located along Phillip Street, Singapore 048695.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 15. It lies inside the Central Area.
The site is 999-year leasehold, with about 800 years remaining on the lease. It occupies roughly 494 sqm of land with about 7,403 sqm of gross floor area.
4 transactions have been recorded here, at a median of S$1,786 psf. The most recent was in December 2023.
263 businesses are currently registered at this address with ACRA.
The nearest MRT is Raffles Place MRT, 180 m away (about a 3-minute walk). The closest bus stop (OCBC Ctr) is 84 m away (about a 1-minute walk). Republic Plaza is 125 m away (about a 2-minute walk).
What is Grand Building zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 15.0
- Urban design area
- Udga
- Central Area
- Yes
What has Grand Building sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Dec 2023 | Office | S$7.00M | 2,099 sqft | $3,335 |
| Jan 2016 | Office | S$3.80M | 2,099 sqft | $1,810 |
| Jan 2014 | Office | S$3.70M | 2,099 sqft | $1,763 |
| Nov 2001 | Office | S$2.20M | 2,099 sqft | $1,048 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.
How does Phillip Street price?
Too few strata sales on this street to support a median — the count is shown without one.
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Grand Building?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ psm/month, 2026Q2)
| Floor level · size band | 25th pct | Median | 75th 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 band | 25th pct | Median | 75th 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.
What is near Grand Building?
Getting around
- Raffles Place MRT180 m · ~3 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
How many companies are registered at Grand Building?
- Live registrations
- 263
- Registered last 3 years
- 56
- 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 Grand Building
Where is Grand Building?⌄
Grand Building is at 17 Phillip Street, Singapore 048695, in the Downtown Core planning area.
What is Grand Building zoned as?⌄
Grand Building sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 15.
What is the tenure of Grand Building?⌄
Grand Building is 999-year leasehold. About 800 years remain on the lease.
What have units at Grand Building sold for?⌄
Across 4 recorded transactions, the median price is S$1,786 psf. The latest was in December 2023.
What is the nearest MRT station to Grand Building?⌄
Raffles Place MRT is the closest, 180 m away (about a 3-minute walk).
How many businesses are registered at Grand Building?⌄
263 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.
The facts are here — now get the verdict on Grand Building.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.