CommercialCOMMERCIALDistrict 1 · Downtown Core

Lippo Centre

Reviewed by Nathan TangUpdated 10 August 2026
Quick Summary

Lippo Centre 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. ACRA records 240 live company registrations at this address.

1

What are the key facts about Lippo Centre?

Key takeawayLippo Centre is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
15.0
Tenure
Not on record
District / Area
District 1 · Downtown Core
Address
Land area
373 sqm
Transactions on record
None recorded
Live listings
None
ACRA registrations
240

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 Lippo Centre

Lippo Centre 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.

It occupies roughly 373 sqm of land with about 5,596 sqm of gross floor area.

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).

3

What is Lippo Centre zoned as?

Key takeawayLippo Centre sits on land zoned COMMERCIAL with a gross plot ratio of 15.0, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
15.0
Urban design area
Udga
Central Area
Yes
BCA-verified envelope: allowable GFA 5,595 sqm · built 5,000 sqm · headroom 595 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 Phillip Street 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 Lippo Centre?

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 near Lippo Centre?

Key takeawayThe nearest MRT/LRT is Raffles Place MRT, about 187 m away.

Getting around

Amenities nearby

The Bonham Clinic · 4 mPlace Of Worship · 64 mOCBC Ctr · 117 mMarket Street Hawker Centre · 120 mOne Raffles Place · 137 mRaffles Place MRT Exit G · 163 mMarket Street Park · 172 mHotel · 218 mKreta Ayer Community Club · 884 m

Straight-line distances. Source: PropKaki amenities data.

7

How many companies are registered at Lippo Centre?

Key takeawayACRA records 240 live company registrations at this address, 65 of them in the last three years.
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.

8

What is Lippo Centre's BCA building profile?

BCA building type
Office
Green Mark
NA (NA)
Energy use intensity
130 kWh/m²·yr
9

Frequently asked questions about Lippo Centre

Where is Lippo Centre?

Lippo Centre is at Phillip Street, Singapore 048692, in the Downtown Core planning area.

What is Lippo Centre zoned as?

Lippo Centre sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 15.

Have there been any recorded transactions at Lippo Centre?

No caveats have been lodged for Lippo Centre 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 Lippo Centre?

Raffles Place MRT is the closest, 187 m away (about a 3-minute walk).

How many businesses are registered at Lippo Centre?

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.

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