Hong Leong Building
Hong Leong 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 14.0. 18 units are currently listed for sale or rent. ACRA records 1,979 live company registrations at this address.
What are the key facts about Hong Leong Building?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 14.0
- Tenure
- Not on record
- District / Area
- District 1 · Downtown Core
- Address
- 16 Raffles Quay
- Land area
- 4,752 sqm
- Completed
- Not on record
- Storeys
- 44 (© OpenStreetMap contributors)
- Submarket
- Raffles Place
- Listed as
- Office, Food & Beverage, Other Retail
- Transactions on record
- None recorded
- Live listings
- 18
- ACRA registrations
- 1,979
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.
About Hong Leong Building
Hong Leong Building is a commercial building in Downtown Core (District 01). It is located along Raffles Quay, Singapore 048581.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 14. It lies inside the Central Area.
It occupies roughly 4,752 sqm of land with about 63,307 sqm of gross floor area.
2,072 businesses are currently registered at this address with ACRA.
The nearest MRT is Downtown MRT, 278 m away (about a 4-minute walk). The closest bus stop (One Raffles Quay) is 40 m away (about a 1-minute walk). Republic Plaza is 242 m away (about a 4-minute walk).
What is Hong Leong Building zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 14.0
- Urban design area
- Udga
- Central Area
- Yes
What does space at Hong Leong Building rent for?
Office space on Raffles Quay
Street level · 2026Q3S$ per sq ft per month · median +2.4% on a year earlier
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 Raffles Quay
Street level · 2026Q3S$ per sq ft per month · median -19.8% on a year earlier
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 · 2026Q3S$ 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 Hong Leong Building
- Prime office: Capital value S$3,200 psf · Net yield 3.7%
- Core CBD (Grade A): Rent S$12.50 psf/mth · Vacancy 3.3%
- Core CBD (Grade B): Rent S$9.15 psf/mth
- Core CBD: Rent S$9.40 psf/mth · Vacancy 4.5%
- Raffles Place: Rent S$11.54 psf/mth · Vacancy 4.5% · Planned / under construction 0.36m sq ft
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 Hong Leong Building
Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 3 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, 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 Hong Leong Building?
- 8 Oct 2025ApprovedAdditions & alterations
Proposed amendment involving omission of new external ramp at 1st storey to the approved additions & alterations to the existing 44-storey hong leong building involving facade changes and internals works at 1st, 2nd, 4th to 8th storeys on lot 00497l ts 01 at 16 raffles quay (downtown core planning area)
- 15 Jul 2025Agency worksFloor 3Change of use to gym / fitness centre
Lodgment for proposed use of units #03-XX and #03-XX as gym / fitness centre
- 8 Jun 2025ApprovedAdditions & alterations
Proposed amendment involving new external ramp at 1st storey to the approved additions & alterations to the existing 44-storey hong leong building involving facade changes and internals works at 1st, 2nd, 4th to 8th storeys on lot 00497l ts 01 at 16 raffles quay (downtown core planning area)
- 5 Jan 2024ApprovedAdditions & alterations
Proposed additions & alterations to the existing 44-storey hong leong building involving facade changes and internals works at 1st, 2nd, 4th to 8th storeys on lot 00497l ts 01 at 16 raffles quay (downtown core planning area)
- 10 Jan 2023RenewedFloor 1Continued use as restaurant
Continued use of office unit #01-XX as restaurant
- 6 Dec 2019RenewedFloor 1Continued use as restaurant
Continued use of unit #01-XX office as restaurant
- 20 Aug 2018RenewedFloor 1Continued use as restaurant
Continued use of shop unit #01-XX as restaurant at hong leong building
- 12 Feb 2018Agency worksFloor 1Change of use to shop
Lodgment for porposed use of unit #01-XX as shop
- 2 Nov 2017ApprovedAdditions & alterations
Proposed amendment to approved additions & alterations (basement to 4th storey)
- 2 Oct 2017Agency worksFloor 1Change of use to restaurant
Lodgment for proposed use of unit #01-XX as restaurant
- 12 Jan 2017ApprovedAdditions & alterations
Proposed additions & alterations (basement to 4th storey) to the existing hong leong building
- 8 Dec 2016RenewedFloor 1Continued use as restaurant
Continued use of unit #01-XX from office to restaurant
8 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$54.50 per unit).
How does Raffles Quay price?
Too few strata sales on this street to support a median — the count is shown without one.
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Hong Leong Building?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ psm/month, 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 Hong Leong Building right now?
For sale (2)
- Hong Leong BuildingS$10.14M · 2,626 sqft
- Hong Leong BuildingS$24.86M · 6,576 sqft
For rent (16)
- Hong Leong BuildingS$9k/mo · 968 sqft
- Hong Leong BuildingS$13k/mo · 1,365 sqft
- 16 Raffles Quay, 048581S$9k/mo · 958 sqft
- Super High Footfall CBD Lunch Crowd Robinson RoadS$10k/mo · 840 sqft
What is near Hong Leong Building?
Getting around
- Downtown MRT278 m · ~4 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Hong Leong Building
nearest MRT/LRT Raffles Place (EW14/NS26) 104 m, about 133,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 9, about 18,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 11,000 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
- Raffles Place (EW14 / NS26)104 m · about 133,000 weekday taps
- Downtown (DT17)220 m · about 51,000 weekday taps
- Telok Ayer (DT18)291 m · about 37,000 weekday taps
- Shenton Way (TE19)422 m · about 32,000 weekday taps
- Marina Bay (NS27 / CC33 / TE20)573 m · about 13,000 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 Hong Leong Building. Transfers between lines don't tap, so interchanges read low.
Bus
9 bus stops within 400 m, with about 18,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Backlane (Cecil St - M Arket St) (URA)126 m
- Backlane (Boon Tat St - Mccallum St) (URA)293 m
- Backlane (Boon Tat St) (URA)342 m
- Boon Tat St (URA)361 mS$1.20 per half-hour at midday on a weekday · 17 car lots
- Stanley St (URA)377 mS$1.20 per half-hour at midday on a weekday · 20 car lots
Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.7 km away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. Hong Leong Building's own car park, if it has one, and its charges are not in the open data.
Who's registered at Hong Leong Building?
- Financial and insurance489
- Professional, scientific and technical services440
- Wholesale and retail trade358
- Information and communications297
- Administrative and support services72
- Real estate72
- Manufacturing60
- Transportation and storage52
- Accommodation and food services32
- Education30
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 Hong Leong Building's BCA building profile?
- BCA building type
- Office
- Green Mark
- NA (NA)
- Energy use intensity
- 256 kWh/m²·yr
Frequently asked questions about Hong Leong Building
Where is Hong Leong Building?⌄
Hong Leong Building is at 16 Raffles Quay, Singapore 048581, in the Downtown Core planning area.
What is Hong Leong Building zoned as?⌄
Hong Leong Building sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 14.
Have there been any recorded transactions at Hong Leong Building?⌄
No caveats have been lodged for Hong Leong Building 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 Hong Leong Building?⌄
Downtown MRT is the closest, 278 m away (about a 4-minute walk).
How many businesses are registered at Hong Leong Building?⌄
2,072 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 Hong Leong Building.
Ask what a unit here would fetch, what the zone allows, or how it compares.
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