Ion Orchard
Ion Orchard is a commercial building in District 9 · Orchard, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 6.3. 5 units are currently listed for sale or rent. ACRA records 18 live company registrations at this address.
What are the key facts about Ion Orchard?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 6.3
- Tenure
- Not on record
- District / Area
- District 9 · Orchard
- Address
- 2 Orchard Turn
- Land area
- 18,649 sqm
- Completed
- Not on record
- Storeys
- 56 (© OpenStreetMap contributors)
- Strata units (MCST)
- 178
- Managing agent
- ORCHARD TURN DEVELOPMENTS PTE LTD
- Strata formed
- 2011
- Owner
- CapitaLand Integrated Commercial Trust (50% interest) (SGX filings)
- Net lettable area
- 623,600 sq ft (the owner's SGX filings)
- Submarket
- Orchard
- Listed as
- Food & Beverage, Medical, Shop / Shophouse
- Transactions on record
- None recorded
- Live listings
- 5
- ACRA registrations
- 18
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.
Who owns Ion Orchard, and what is it valued at?
- NLA (its 50% share)
- 624,200 sq ft
- Land tenure
- Leasehold tenure of 99 years with effect from 13 March 2006
- Green Mark
- LEED Gold
- Announced 3 Sep 2024 · completed 30 Oct 2024HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of CICT bought a 50% interest in ION Orchard and ION Orchard Link for S$1,076.3 million (purchase consideration) from CLI Singapore Pte. Ltd..At the time: NLA 623,608 sq ft · occupancy 96% (30 Jun 2024)
- Announced 3 Sep 2024CICT bought a 50% interest in ION Orchard for S$1,848.5 million (agreed property value) from CapitaLand Investment Limited (CLI).At the time: NLA 623,600 sq ft · occupancy 96% (30 Jun 2024)
Source: the owners' own filings on SGX — notices of valuation of real assets, acquisition and divestment announcements, and annual reports. Facts only, each with its date; a valuation is not a sale price, and occupancy and WALE are as of the date shown. Only REITs and SGX-listed companies file these: a building with a private owner shows no owner here.
About Ion Orchard
Ion Orchard is a commercial building in Orchard (District 09). It is located along Orchard Turn, Singapore 238801.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 6.3. It lies inside the Central Area.
It occupies roughly 18,649 sqm of land with about 129,527 sqm of gross floor area.
19 businesses are currently registered at this address with ACRA.
The nearest MRT is Somerset MRT, 830 m away (about a 13-minute walk). The closest bus stop (Opp Orchard Stn/ION) is 60 m away (about a 1-minute walk). Wisma Atria is 80 m away (about a 1-minute walk).
What is Ion Orchard zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 6.3
- Urban design area
- Udga
- Central Area
- Yes
What does space at Ion Orchard rent for?
Retail space on Orchard Turn
Street level · 2026Q3S$ per sq ft per month · median -8.2% 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 9 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 9 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 Ion Orchard
- Prime retail (Orchard): Capital value S$8,200 psf · Net yield 4.8%
- Orchard Road: Rent S$38.90 psf/mth
- Orchard: Rent S$36.58 psf/mth · Vacancy 7.1% (1Q 2026) · Planned / under construction 0.13m sq ft
Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% 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 Ion Orchard
Rent: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 0 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, 1 new listing 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 Ion Orchard?
- 18 May 2026ApprovedFloors 1, 2, 3Additions & alterations
Proposed additions and alterations involving demolition, erection and installation of facade, lift and partitions to tiffany of unit #01-XX, #01-XX, #02-XX and #03-XX at ion orchard
- 16 Feb 2026ApprovedAdditions & alterations
Proposed addition & alteration works to part of the existing facade comprising new led tv screen at existing ion orchard
- 9 Sept 2025ApprovedFloors 1, 2, 3Additions & alterations
Proposed additions and alterations involving demolition, erection and installation of facade, lift and partitions to tiffany of unit #01-XX, #01-XX, #02-XX and #03-XX at ion orchard
- 16 Sept 2024ApprovedFloors 1, 2Additions & alterations
Proposed amendment to the approved additions & alterations to tenancy units #01-XX and #02-XX of the existing ion orchard
- 16 Aug 2024ApprovedFloors 1, 2Additions & alterations
Proposed additions and alterations to tenancy units #01-XX & #02-XX of existing ion orchard on lots 01272m, 80007x, 80014w ts21
- 8 May 2024ApprovedFloor 4Additions & alterations
Proposed enclosure of existing unit #04-XX & #04-XX terrace lookout window at 4th storey of existing commercial/residential building
- 2 May 2024ApprovedFloors 1, 2Additions & alterations
Proposed amendment to the approved additions & alterations to tenancy units #01-XX and #02-XX of the existing ion orchard
- 2 May 2024ApprovedChange of use to kiosk
Proposed change of use of part of corridor to kiosk (retail) - #B3-XX
- 3 Feb 2024ApprovedFloor 3Change of use to shop and reconfiguration
Proposed change of use of part corridor to shop and reconfiguration of existing shop units #03-XX, #03-XX, #03-XX, #03-XX, #03-XX & #03-XX at 3rd storey
- 24 Oct 2023ApprovedFloor 3Change of use to restaurant
Proposed change of use of units #03-XX, #03-XX and part corridor to restaurant
- 21 Sept 2023ApprovedFloors 1, 2Additions & alterations
Proposed amendment to the approved additions & alterations to tenancy units #01-XX and #02-XX of the existing ion orchard
- 5 Apr 2023ApprovedFloor B2Change of use
Proposed change of use of part corridor and reconfiguration of units #B2-XX, #B2-XX & #B2-XX for shop use
56 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$54.50 per unit).
What do commercial rents run near Ion Orchard?
Indicative area yield — District 9 retail
An INDICATIVE AREA yield for District 9 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 9 ($ psm/month, 2026Q3)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Level 4 & Above · 30 & Below | $101.79 | $127.98 | $144.93 |
| B1 & Below · 30 & Below | $231.82 | $392.95 | $544.95 |
| Level 2 & 3 · 30 & Below | $97.06 | $128.26 | $157.50 |
| Level 1 · 30 & Below | $131.15 | $157.04 | $196.05 |
| Level 1 · >30 - 100 | $112.35 | $161.16 | $217.81 |
| Level 2 & 3 · >30 - 100 | $91.89 | $118.41 | $156.35 |
| Level 4 & Above · >30 - 100 | $81.28 | $100.52 | $133.94 |
| B1 & Below · >30 - 100 | $155.98 | $328.55 | $492.13 |
Office rents — Central Area ($ 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 Ion Orchard right now?
For sale (2)
- Orchard RoadS$800.00M · 287,150 sqft
- Medical Centre Medical Clinic Hospital Investment 4 to 10 MillS$10.00M · 2,200 sqft
For rent (3)
- Ion OrchardS$16k/mo · 915 sqft
- ⭐️Orchard Rd⭐️ Super Prime Kiosk Unit2 agentsS$14k/mo · 156 sqft
- ION Orchard2 agentsS$28k/mo · 2,400 sqft
What is near Ion Orchard?
Getting around
- Somerset MRT830 m · ~13 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Ion Orchard
nearest MRT/LRT Orchard (TE14/NS22) 24 m, about 122,000 taps a weekday; 3 more stations within 1 km; bus stops within 400 m: 10, about 39,000 taps a weekday; Orchard: 44,871 resident workers (Census 2020, by workplace); about 19,000 residents within 1 km (June 2026); 19 other malls within 1 km. Ranked against 12,856 retail 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, and competing malls), not a count of people.
Stations within 1 km
- Orchard (TE14 / NS22)24 m · about 122,000 weekday taps
- Somerset (NS23)743 m · about 66,000 weekday taps
- Great World (TE15)810 m · about 21,000 weekday taps
- Orchard Boulevard (TE13)968 m · 9,605 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 Ion Orchard. Transfers between lines don't tap, so interchanges read low.
Bus
10 bus stops within 400 m, with about 39,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- ION Orchard (development car park)55 mrates not published as open data
- Wisma Atria (development car park)87 mrates not published as open data
- Tang Plaza (development car park)143 mrates not published as open data
- Wheelock Place (development car park)236 mrates not published as open data
- Ngee Ann City (development car park)310 mrates not published as open data
Nearest URA season parking: Emerald Hill Estate, 669 m away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. Ion Orchard's own car park, if it has one, and its charges are not in the open data.
Who's registered at Ion Orchard?
- Wholesale and retail trade5
- Health and social services3
- Other services3
- Accommodation and food services2
- Financial and insurance2
- Real estate2
- Manufacturing1
- Professional, scientific and technical services0
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 Ion Orchard's BCA building profile?
- BCA building type
- Retail
- Green Mark
- Gold (2007)
- Energy use intensity
- 471 kWh/m²·yr
Frequently asked questions about Ion Orchard
Where is Ion Orchard?⌄
Ion Orchard is at 2 Orchard Turn, Singapore 238801, in the Orchard planning area.
What is Ion Orchard zoned as?⌄
Ion Orchard sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 6.3.
Have there been any recorded transactions at Ion Orchard?⌄
No caveats have been lodged for Ion Orchard 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 Ion Orchard?⌄
Somerset MRT is the closest, 830 m away (about a 13-minute walk).
How many businesses are registered at Ion Orchard?⌄
19 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 Ion Orchard.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.