CommercialCOMMERCIAL & RESIDENTIALConservation999-year leaseholdDistrict 7 · Downtown Core

Heritage Place

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2025

Quick Summary

Heritage Place is a commercial building in District 7 · Downtown Core, on land zoned COMMERCIAL & RESIDENTIAL under the URA Master Plan with a gross plot ratio of 4.2. It is 999-year leasehold. 24 transactions are on record since 1995, at a median S$1,260 psf, most recently in Dec 2025. 1 unit is currently listed for rent. ACRA records 874 live company registrations at this address.

The facts are here — now get the verdict on Heritage Place.

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What are the key facts about Heritage Place?

Key takeawayHeritage Place is a commercial building in District 7 · Downtown Core, zoned COMMERCIAL & RESIDENTIAL, held 999-year leasehold.

Asset class: Commercial
Land-use zone: COMMERCIAL & RESIDENTIAL
Gross plot ratio: 4.2
Tenure: 999-year leasehold
District / Area: District 7 · Downtown Core
Address: 21 Tan Quee Lan Street
Land area: 1,039 sqm
Completed: Not on record
Storeys: Not on record
Strata lots (whole development, MCST): 34
Managing agent: SAVILLS PROPERTY MANAGEMENT PTE LTD
Strata formed: 1999 (MCST 2330)
Submarket: City Hall / Bugis
Units with a recorded sale: At least 13
Transactions on record: 24 (records start 1995)
Live listings: 1
ACRA registrations: 874

What are the specs at Heritage Place?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.

Facilities: car park; Source: CommercialGuru

About Heritage Place

Heritage Place is a mixed-use building in Downtown Core (District 07). It is located along Tan Quee Lan Street, Singapore 188108.

Under the URA Master Plan it sits on land zoned commercial & residential with a gross plot ratio of 4.2. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines. It lies inside the Central Area.

The site is 999-year leasehold, with about 800 years remaining on the lease. It occupies roughly 1,039 sqm of land with about 4,363 sqm of gross floor area.

24 transactions have been recorded here, at a median of S$1,260 psf. The most recent was in December 2025.

904 businesses are currently registered at this address with ACRA.

The nearest MRT is Bugis MRT, 225 m away (about a 4-minute walk). The closest bus stop (Bugis Stn Exit D) is 108 m away (about a 2-minute walk).

What is Heritage Place zoned as?

Key takeawayHeritage Place sits on land zoned COMMERCIAL & RESIDENTIAL with a gross plot ratio of 4.2, with conservation status, inside the Central Area.

Land-use zone: COMMERCIAL & RESIDENTIAL
Gross plot ratio: 4.2
Conservation area: Beach Road
Conserved building: Yes
Urban design area: Udga
Central Area: Yes

BCA-verified envelope: allowable GFA 4,364 sqm · built 1,858 sqm · headroom 2,506 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 Heritage Place sold for?

Key takeawayAcross 24 recorded transactions since 1995, the median price is about S$1.16M, most recently in Dec 2025.

Date	Use	Price	Area	PSF
Dec 2025	Retail	S$14.00M	3,025 sqft	$4,629
Jan 2023	Office	S$2.05M	872 sqft	$2,351
Oct 2016	Retail	S$9.18M	3,025 sqft	$3,035
Jun 2016	Office	S$1.40M	807 sqft	$1,734
Apr 2012	Office	S$1.34M	872 sqft	$1,542
May 2011	Office	S$1.20M	807 sqft	$1,480
Mar 2007	Office	S$785k	807 sqft	$972
Dec 2006	Office	S$780k	915 sqft	$853
May 2005	Retail	S$1.17M	990 sqft	$1,176
Aug 2003	Office	S$675k	807 sqft	$836

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 Heritage Place rent for?

Key takeawayNo rent is published for Heritage Place itself. On its street, Tan Quee Lan Street, retail space rented at a median of $18.70 psf a month in 2026Q3. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Tan Quee Lan Street

Street level · 2026Q3

25th pct

—

— psm

Median

$18.70

$201.32 psm

75th pct

—

— psm

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

2024Q1 · $222.55 psm2026Q3 · $201.32 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 7 retail

Region band · 2026Q3

25th pct

$7.09

$76.30 psm

Median

$9.31

$100.25 psm

75th pct

$13.31

$143.24 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 7 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 Heritage Place

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

CBRE, 2Q 2026

Fringe CBD: Vacancy 7.2%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

City Hall / Marina Centre: Rent S$11.36 psf/mth · Vacancy 3.2% · Planned / under construction 0.00m sq ft
Bugis: Rent S$12.12 psf/mth · Vacancy 11.9% · Planned / under construction 0.56m 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 Heritage Place

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 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.

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 Heritage Place?

Key takeawayURA has approved 7 changes of use at Heritage Place 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.

6 Oct 2025RenewedFloor 1
Continued use as restaurant
Continued use of units #01-XX and #01-XX as restaurant
21 Aug 2024RenewedFloor 2
Continued use as commercial school
Continued use of unit #02-XX as commercial school at heritage place
1 Nov 2023RenewedFloor 2
Continued use as commercial school
Continued use of office unit #02-XX as commercial school at heritage place
1 Nov 2023RenewedFloor 2
Continued use as commercial school
Continued use of office unit #02-XX as commercial school at heritage place
22 Oct 2023RenewedFloor 2
Continued use as commercial school
Continued use of unit #02-XX as commercial school at heritage place
25 Sept 2023RenewedFloor 1
Continued use as restaurant
Continued use of unit #01-XX as restaurant at heritage place
3 Oct 2022RenewedFloor 1
Continued use as restaurant
Continued use of units #01-XX and #01-XX as restaurant
13 Sept 2022ApprovedFloor 2
Change of use to commercial school
Proposed change of use of unit #02-XX to commercial school at heritage place
2 Jan 2021ApprovedFloor 2
Change of use: office → commercial school
Proposed change of use of unit #02-XX from office to commercial school at heritage place
2 Jan 2021ApprovedFloor 2
Change of use: office → commercial school
Proposed change of use of unit #02-XX from office to commercial school at heritage place
22 Dec 2020ApprovedFloor 1
Change of use to restaurant
Proposed change of use of unit #01-XX to restaurant at heritage place
10 Nov 2020ApprovedFloor 2
Change of use: office → commercial school
Proposed change of use of unit #02-XX from office to commercial school at heritage place

4 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 Tan Quee Lan Street price?

Strata sales on the street (5y)

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 Heritage Place?

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

Indicative area yield — District 7 retail

Gross yield (area)

4.8%

4.3% net of property tax

Rent side (median of bands)

$100.25 psm/mo

2026Q3

Price side (strata, 5y)

$2,348 psf

241 sales

An INDICATIVE AREA yield for District 7 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 7 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 1 · 30 & Below	$93.33	$113.33	$165.94
Level 4 & Above · 30 & Below	$69.42	$79.17	$140.05
B1 & Below · 30 & Below	$94.66	$392.16	$721.70
Level 2 & 3 · 30 & Below	$71.79	$88.95	$100.36
Level 1 · >30 - 100	$84.41	$129.03	$192.55
Level 2 & 3 · >30 - 100	$53.85	$86.57	$113.16
B1 & Below · >30 - 100	$71.03	$80.88	$146.17
Level 4 & Above · >30 - 100	$47.06	$59.43	$68.42

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 Heritage Place right now?

Key takeaway1 unit is currently listed at Heritage Place. One row per unit; several agents often market the same unit.

For rent (1)

Heritage PlaceS$6k/mo · 872 sqft

Browse every listing at this building →

What is near Heritage Place?

Key takeawayThe nearest MRT/LRT is Bugis MRT, about 225 m away — and 3 competing retail premisess operate nearby.

Getting around

Bugis MRT225 m · ~4 min

Amenities nearby

Bugis MRT Exit D · 77 mBugis Stn Exit D · 108 mDTAP @ Duo Medical Clinic · 150 mHotel · 195 mEducational Institution · 273 mRaffles Hospital · 313 mPlace Of Worship · 314 mKampong Glam Community Club · 926 m

Competing premises nearby

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

Bugis Junction · 127 mCold Storage Singapore (1983) Pte Ltd · 147 mAlbert Centre Market & Food Centre · 380 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Heritage Place

Key takeawayThe nearest station is Bugis (EW12 / DT14), 77 m away — one of the busiest stations, with about 109,000 taps in and out on an average weekday. 21 public car parks are within 500 m.

Foot traffic: busier than 91% of office buildings

nearest MRT/LRT Bugis (EW12/DT14) 77 m, about 109,000 taps a weekday; 8 more stations within 1 km; bus stops within 400 m: 20, about 39,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 14,000 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

Bugis (EW12 / DT14)77 m · about 109,000 weekday taps
Esplanade (CC3)548 m · about 15,000 weekday taps
Bras Basah (CC2)597 m · about 10,000 weekday taps
Bencoolen (DT21)623 m · about 20,000 weekday taps
Promenade (CC4 / DT15)654 m · about 45,000 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 Heritage Place. Transfers between lines don't tap, so interchanges read low.

Bus

20 bus stops within 400 m, with about 39,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Liang Seah St (URA)55 m
S$1.20 per half-hour at midday on a weekday · 45 car lots
North Bridge Rd Off St (URA)204 m
S$0.75 per half-hour at midday on a weekday · 92 car lots
Backlane (Purvis St) (URA)243 m
Cheng Yan Place (URA)261 m
S$1.20 per half-hour at midday on a weekday · 4 car lots
Purvis St (URA)269 m
S$1.20 per half-hour at midday on a weekday · 43 car lots

Nearest URA season parking: Kampong Glam Area, 562 m away, S$125/month.

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

Who's registered at Heritage Place?

Key takeaway874 live companies (and LLPs and branches; sole proprietors are not counted) list Heritage Place as their registered address. These are registered businesses, not who occupies the space.

Professional, scientific and technical services
261
Wholesale and retail trade
190
Information and communications
166
Financial and insurance
68
Administrative and support services
37
Education
33
Construction
27
Manufacturing
25
Transportation and storage
21
Accommodation and food services
18

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. Homes share this postal code, so some registrations are home-based. ACRA, as of 2026-09-16.

What is Heritage Place's BCA building profile?

BCA building type: Office
Green Mark: NA (NA)
Energy use intensity: 371 kWh/m²·yr

Frequently asked questions about Heritage Place

Where is Heritage Place?⌄

Heritage Place is at 21 Tan Quee Lan Street, Singapore 188108, in the Downtown Core planning area.

What is Heritage Place zoned as?⌄

Heritage Place sits on land zoned commercial & residential under the URA Master Plan, with a gross plot ratio of 4.2.

What is the tenure of Heritage Place?⌄

Heritage Place is 999-year leasehold. About 800 years remain on the lease.

Is Heritage Place a conserved property?⌄

Yes. Heritage Place falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at Heritage Place sold for?⌄

Across 24 recorded transactions, the median price is S$1,260 psf. The latest was in December 2025.

What is the nearest MRT station to Heritage Place?⌄

Bugis MRT is the closest, 225 m away (about a 4-minute walk).

How many businesses are registered at Heritage Place?⌄

904 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.

For agents · in the PropKaki app

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This development is also registered as the residential project Heritage Place.

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

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.

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, CommercialGuru — 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.