CommercialCOMMERCIALDistrict 1 · Downtown Core

Hong Leong Building

Reviewed by Nathan TangUpdated 10 August 2026
Quick Summary

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. 20 units are currently listed for sale or rent. ACRA records 2,072 live company registrations at this address.

1

What are the key facts about Hong Leong Building?

Key takeawayHong Leong Building is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL.
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
Transactions on record
None recorded
Live listings
20
ACRA registrations
2,072

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.

2

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).

3

What is Hong Leong Building zoned as?

Key takeawayHong Leong Building sits on land zoned COMMERCIAL with a gross plot ratio of 14.0, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
14.0
Urban design area
Udga
Central Area
Yes
BCA-verified envelope: allowable GFA 66,528 sqm · built 47,744 sqm · headroom 18,784 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 →

4

How does Raffles Quay price?

Strata sales on the street (5y)
1

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.

5

What do commercial rents run near Hong Leong Building?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 1 retail

Gross yield (area)
4.0%
3.6% net of property tax
Rent side (median of bands)
$128.98 psm/mo
2026Q2
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, 2026Q2)

Floor level · size band25th pctMedian75th 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 band25th pctMedian75th 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.

6

What is available at Hong Leong Building right now?

Key takeaway20 units are currently listed at Hong Leong Building2 for sale and 18 for rent. One row per unit; several agents often market the same unit.

For sale (2)

  • Hong Leong BuildingS$10.14M · 2,626 sqft
  • Hong Leong BuildingS$24.86M · 6,576 sqft

For rent (18)

  • Hong Leong BuildingS$11k/mo · 947 sqft
  • Super High Footfall CBD Lunch Crowd Robinson RoadS$10k/mo · 840 sqft
  • Hong Leong BuildingS$24k/mo · 2,720 sqft
  • Prime CBD Retail Store - Maximum FootfallS$6k/mo · 490 sqft

Browse every listing at this building →

7

What is near Hong Leong Building?

Key takeawayThe nearest MRT/LRT is Downtown MRT, about 278 m away.

Getting around

Amenities nearby

The Medical Centre Clinic (Hong Leong) · 36 mOne Raffles Quay · 40 mRaffles Place MRT Exit I · 105 mAl Marche Pte Ltd · 165 mHotel · 198 mRaffles Place Pk · 240 mRepublic Plaza · 242 mMarket Street Hawker Centre · 311 mPlace Of Worship · 371 mKreta Ayer Community Club · 925 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Hong Leong Building?

Key takeawayACRA records 2,072 live company registrations at this address, 509 of them in the last three years.
Live registrations
2,072
Registered last 3 years
509
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.

9

What is Hong Leong Building's BCA building profile?

BCA building type
Office
Green Mark
NA (NA)
Energy use intensity
256 kWh/m²·yr
10

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.

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