CommercialHOTELLeaseholdDistrict 7 · Kallang

Incity Lofts

Reviewed by Nathan TangUpdated 10 August 2026Data through Feb 2008
Quick Summary

Incity Lofts is a commercial building in District 7 · Kallang, on land zoned HOTEL under the URA Master Plan. It is leasehold with roughly 77 years remaining. 10 transactions are on record since 1995, most recently in Feb 2008. ACRA records 2 live company registrations at this address.

1

What are the key facts about Incity Lofts?

Key takeawayIncity Lofts is a commercial building in District 7 · Kallang, zoned HOTEL, held leasehold.
Asset class
Commercial
Land-use zone
HOTEL
Gross plot ratio
Subject to Evaluation
Tenure
Leasehold
District / Area
District 7 · Kallang
Address
700 Beach Road
Land area
1,710 sqm
Transactions on record
10 (records start 1995)
Live listings
None
ACRA registrations
2
2

About Incity Lofts

Incity Lofts is a commercial building in Kallang (District 07). It is located along Beach Road, Singapore 199598.

Under the URA Master Plan it sits on land zoned hotel. It lies inside the Central Area.

The site is leasehold, with about 77 years remaining on the lease. It occupies roughly 1,710 sqm of land with about 8,536 sqm of gross floor area.

10 transactions have been recorded here, at a median of S$1,102 psf. The most recent was in February 2008.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Nicoll Highway MRT, 295 m away (about a 5-minute walk). The closest bus stop (St. John HQ) is 108 m away (about a 2-minute walk). Suntec City is 917 m away (about a 14-minute walk).

3

What is Incity Lofts zoned as?

Key takeawayIncity Lofts sits on land zoned HOTEL, inside the Central Area.
Land-use zone
HOTEL
Gross plot ratio
Subject to Evaluation
Urban design area
Udga
Central Area
Yes

URA has not published a fixed plot ratio for this site — the Master Plan records "EVA" (Subject to Evaluation), meaning intensity is decided case by case on application. Do not quote a plot ratio, and do not compute buildable GFA from it.

BCA-verified envelope: built 7,093 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

What has Incity Lofts sold for?

Key takeawayAcross 10 recorded transactions since 1995, the median price is about S$1.40M, most recently in Feb 2008.
DateUsePriceAreaPSF
Feb 2008OfficeS$12.30M11,065 sqft$1,112
Jan 2008OfficeS$1.40M1,270 sqft$1,102
Jan 2008OfficeS$1.40M1,270 sqft$1,102
Jan 2008OfficeS$1.61M1,453 sqft$1,108
Jan 2008OfficeS$3.78M3,369 sqft$1,122
Jan 2008OfficeS$49.51M44,541 sqft$1,111
Jun 2007OfficeS$950k1,313 sqft$723
May 2006OfficeS$1.05M1,453 sqft$723
May 2006OfficeS$780k1,313 sqft$594
May 2006OfficeS$700k1,270 sqft$551

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.

5

How does Beach Road price?

Key takeawayAcross 88 strata sales on Beach Road in the last 5 years, the median is $1,624 psf.
Strata sales on the street (5y)
88
Street median PSF (strata)
$1,624

Street figures cover strata deals only — land and strata PSF are not comparable.

6

What do commercial rents run near Incity Lofts?

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

Indicative area yield — District 7 retail

Gross yield (area)
5.0%
4.5% net of property tax
Rent side (median of bands)
$106.44 psm/mo
2026Q2
Price side (strata, 5y)
$2,353 psf
231 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, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$65.63$77.77$101.79
B1 & Below · 30 & Below$58.19$114.29$345.38
Level 4 & Above · 30 & Below$85.23$111.50$131.58
Level 1 · 30 & Below$86.33$95.24$110.00
Level 4 & Above · >30 - 100$59.29$108.48$136.75
Level 1 · >30 - 100$93.54$118.89$225.20
Level 2 & 3 · >30 - 100$65.50$89.70$119.75
B1 & Below · >30 - 100$69.36$86.33$409.96

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.

7

What is near Incity Lofts?

Key takeawayThe nearest MRT/LRT is Nicoll Highway MRT, about 295 m away.

Getting around

Amenities nearby

Hotel · 0 mKampong Glam Community Club · 79 mGolden Mile Food Centre · 92 mSt. John HQ · 108 mPlace Of Worship · 120 mKampong Glam Pk · 131 mGolden Mile Clinic · 143 mNicoll Highway MRT Exit A · 255 mEducational Institution · 375 mDearn Kapag Pte. Ltd. · 475 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Incity Lofts?

Key takeawayACRA records 2 live company registrations at this address.
Live registrations
2
Registered last 3 years
0
Most common type
Limited Liability Partnership

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 Incity Lofts's BCA building profile?

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

Frequently asked questions about Incity Lofts

Where is Incity Lofts?

Incity Lofts is at 700 Beach Road, Singapore 199598, in the Kallang planning area.

What is Incity Lofts zoned as?

Incity Lofts sits on land zoned hotel under the URA Master Plan.

What is the tenure of Incity Lofts?

Incity Lofts is leasehold. About 77 years remain on the lease.

What have units at Incity Lofts sold for?

Across 10 recorded transactions, the median price is S$1,102 psf. The latest was in February 2008.

What is the nearest MRT station to Incity Lofts?

Nicoll Highway MRT is the closest, 295 m away (about a 5-minute walk).

How many businesses are registered at Incity Lofts?

2 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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