CommercialHOTELConservationLeaseholdDistrict 1 · Singapore River

Ifpas Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2011

Quick Summary

Ifpas Building is a commercial building in District 1 · Singapore River, on land zoned HOTEL under the URA Master Plan with a gross plot ratio of 4.2. It is leasehold with roughly 29 years remaining. 1 transaction is on record since 1995, most recently in Oct 2011. ACRA records 0 live company registrations at this address.

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

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What are the key facts about Ifpas Building?

Key takeawayIfpas Building is a commercial building in District 1 · Singapore River, zoned HOTEL, held leasehold.

Asset class: Commercial
Land-use zone: HOTEL
Gross plot ratio: 4.2
Tenure: Leasehold
District / Area: District 1 · Singapore River
Address: 7 Hongkong Street
Land area: 158 sqm
Completed: Not on record
Storeys: Not on record
Submarket: City Fringe
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 0

About Ifpas Building

Ifpas Building is a commercial building in Singapore River (District 01). It is located along Hongkong Street, Singapore 059650.

Under the URA Master Plan it sits on land zoned hotel 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 leasehold, with about 29 years remaining on the lease. It occupies roughly 158 sqm of land with about 663 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$3,616 psf. The most recent was in October 2011.

The nearest MRT is Clarke Quay MRT, 164 m away (about a 3-minute walk). The closest bus stop (Boat Quay) is 67 m away (about a 1-minute walk). Clarke Quay Central is 197 m away (about a 3-minute walk).

What is Ifpas Building zoned as?

Key takeawayIfpas Building sits on land zoned HOTEL with a gross plot ratio of 4.2, with conservation status, inside the Central Area.

Land-use zone: HOTEL
Gross plot ratio: 4.2
Conservation area: Upper Circular Road
Urban design area: Udga
Central Area: Yes

BCA-verified envelope: allowable GFA 664 sqm · built 663 sqm · headroom 1 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 Ifpas Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Oct 2011 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Oct 2011	Office	S$6.15M	1,701 sqft	$3,616

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 Ifpas Building rent for?

Key takeawayNo rent is published for Ifpas Building itself. On its street, Hongkong Street, office space rented at a median of $7.08 psf a month in 2024Q3. That is not this building's own rent, and never a quote for a particular unit.

Office space on Hongkong Street

Street level · 2024Q3

25th pct

—

— psm

Median

$7.08

$76.25 psm

75th pct

—

— psm

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

2021Q4 · $56.35 psm2024Q3 · $76.25 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 Hongkong Street

Street level · 2023Q1

25th pct

—

— psm

Median

$8.08

$86.96 psm

75th pct

—

— psm

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

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 Ifpas Building

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

CBRE, 2Q 2026

Decentralised: Vacancy 3.6%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

City Fringe (all grades): Rent S$7.83 psf/mth · Vacancy 2.5% · Planned / under construction 1.35m 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.

What do commercial rents run near Ifpas 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 near Ifpas Building?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 164 m away.

Getting around

Clarke Quay MRT164 m · ~3 min

Amenities nearby

Hotel · 0 mBoat Quay · 67 mCosmopolitan Clinic · 154 mHong Lim Pk · 155 mClarke Quay MRT Exit E · 182 mClarke Quay Central · 197 mHong Lim Market & Food Centre · 329 mPlace Of Worship · 351 mNTUC Fairprice Co-operative Ltd · 442 mEducational Institution · 723 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Ifpas Building

Key takeawayThe nearest station is Clarke Quay (NE5), 163 m away — a moderately busy station, with about 31,000 taps in and out on an average weekday. 19 public car parks are within 500 m.

Foot traffic: busier than 57% of office buildings

nearest MRT/LRT Clarke Quay (NE5) 163 m, about 31,000 taps a weekday; 7 more stations within 1 km; bus stops within 400 m: 13, about 22,000 taps a weekday; Singapore River: 18,341 resident workers (Census 2020, by workplace); about 12,000 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

Clarke Quay (NE5)163 m · about 31,000 weekday taps
Chinatown (NE4 / DT19)443 m · about 97,000 weekday taps
Raffles Place (EW14 / NS26)499 m · about 133,000 weekday taps
Telok Ayer (DT18)538 m · about 37,000 weekday taps
Fort Canning (DT20)669 m · about 14,000 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 Ifpas Building. Transfers between lines don't tap, so interchanges read low.

Bus

13 bus stops within 400 m, with about 22,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Hong Kong St (URA)40 m
S$1.20 per half-hour at midday on a weekday · 32 car lots
Backlane (Hongkong St - Carpenter St) (URA)43 m
Carpenter St (URA)65 m
S$1.20 per half-hour at midday on a weekday · 35 car lots
Carpenter St Off St (URA)94 m
S$1.50 per half-hour at midday on a weekday · 69 car lots
Backlane (North Canal Rd - Circular Rd) (URA)117 m

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 960 m away, S$80/month.

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

Who's registered at Ifpas Building?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list Ifpas Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
0
Financial and insurance
0
Other services
0

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 Ifpas Building's BCA building profile?

BCA building type: Hotel
Green Mark: NA (NA)
Energy use intensity: 297 kWh/m²·yr

Frequently asked questions about Ifpas Building

Where is Ifpas Building?⌄

Ifpas Building is at 7 Hongkong Street, Singapore 059650, in the Singapore River planning area.

What is Ifpas Building zoned as?⌄

Ifpas Building sits on land zoned hotel under the URA Master Plan, with a gross plot ratio of 4.2.

What is the tenure of Ifpas Building?⌄

Ifpas Building is leasehold. About 29 years remain on the lease.

Is Ifpas Building a conserved property?⌄

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

What have units at Ifpas Building sold for?⌄

Across 1 recorded transaction, the median price is S$3,616 psf. The latest was in October 2011.

What is the nearest MRT station to Ifpas Building?⌄

Clarke Quay MRT is the closest, 164 m away (about a 3-minute walk).

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Read the figures right

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

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.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

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