Lippo Building
Lippo 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 15.0. It is 999-year leasehold. 4 transactions are on record since 1995, most recently in Oct 2011. 11 units are currently listed for rent. ACRA records 240 live company registrations at this address.
What are the key facts about Lippo Building?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 15.0
- Tenure
- 999-year leasehold
- District / Area
- District 1 · Downtown Core
- Address
- 1 Phillip Street
- Land area
- 373 sqm
- Transactions on record
- 4 (records start 1995)
- Live listings
- 11
- ACRA registrations
- 240
About Lippo Building
Lippo Building is a commercial building in Downtown Core (District 01). It is located along Phillip Street, Singapore 048692.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 15. It lies inside the Central Area.
The site is 999-year leasehold, with about 800 years remaining on the lease. It occupies roughly 373 sqm of land with about 5,596 sqm of gross floor area.
4 transactions have been recorded here, at a median of S$1,720 psf. The most recent was in October 2011.
240 businesses are currently registered at this address with ACRA.
The nearest MRT is Raffles Place MRT, 187 m away (about a 3-minute walk). The closest bus stop (OCBC Ctr) is 117 m away (about a 2-minute walk). One Raffles Place is 137 m away (about a 2-minute walk).
What is Lippo Building zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 15.0
- Urban design area
- Udga
- Central Area
- Yes
What has Lippo Building sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Oct 2011 | Office | S$78.00M | 4,015 sqft | $19,427 |
| Feb 2008 | Office | S$99.02M | 39,730 sqft | $2,492 |
| Feb 2006 | Office | S$4.82M | 5,102 sqft | $946 |
| Feb 2006 | Office | S$32.78M | 34,628 sqft | $947 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.
How does Phillip Street price?
Too few strata sales on this street to support a median — the count is shown without one.
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Lippo Building?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ psm/month, 2026Q2)
| Floor level · size band | 25th pct | Median | 75th 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 band | 25th pct | Median | 75th 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.
What is available at Lippo Building right now?
For rent (11)
- Royal Building (formerly One Philip St)2 agentsS$10k/mo · 1,000 sqft
- Royal Building (formerly One Philip St)3 agentsS$28k/mo · 2,970 sqft
- Prime CBD Office with Single Tenant Floor & Singapore River ViewsS$27k/mo · 2,971 sqft
- Royal Building (formerly One Philip St)S$9k/mo · 1,000 sqft
What is near Lippo Building?
Getting around
- Raffles Place MRT187 m · ~3 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
How many companies are registered at Lippo Building?
- Live registrations
- 240
- Registered last 3 years
- 65
- 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.
What is Lippo Building's BCA building profile?
- BCA building type
- Office
- Green Mark
- NA (NA)
- Energy use intensity
- 130 kWh/m²·yr
Frequently asked questions about Lippo Building
Where is Lippo Building?⌄
Lippo Building is at 1 Phillip Street, Singapore 048692, in the Downtown Core planning area.
What is Lippo Building zoned as?⌄
Lippo Building sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 15.
What is the tenure of Lippo Building?⌄
Lippo Building is 999-year leasehold. About 800 years remain on the lease.
What have units at Lippo Building sold for?⌄
Across 4 recorded transactions, the median price is S$1,720 psf. The latest was in October 2011.
What is the nearest MRT station to Lippo Building?⌄
Raffles Place MRT is the closest, 187 m away (about a 3-minute walk).
How many businesses are registered at Lippo Building?⌄
240 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 Lippo Building.
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.