Malacca Centre
Malacca 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. It is 999-year leasehold. 20 transactions are on record since 1995, at a median S$1,589 psf, most recently in Dec 2022. 4 units are currently listed for rent. ACRA records 44 live company registrations at this address.
What are the key facts about Malacca Centre?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 15.0
- Tenure
- 999-year leasehold
- District / Area
- District 1 · Downtown Core
- Address
- 20 Malacca Street
- Land area
- 294 sqm
- Completed
- Not on record
- Storeys
- Not on record
- Strata units (MCST)
- 16
- Managing agent
- STRATA LAND PROPERTY CONSULTANTS PTE LTD
- Strata formed
- 1996 (MCST 1974)
- Submarket
- Raffles Place
- Units with a recorded sale
- At least 11
- Listed as
- Other Retail, Office, Mall Shop
- Transactions on record
- 20 (records start 1995)
- Live listings
- 4
- ACRA registrations
- 44
About Malacca Centre
Malacca Centre is a commercial building in Downtown Core (District 01). It is located along Malacca Street, Singapore 048979.
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 799 years remaining on the lease. It occupies roughly 294 sqm of land with about 4,404 sqm of gross floor area.
20 transactions have been recorded here, at a median of S$1,588 psf. The most recent was in December 2022.
45 businesses are currently registered at this address with ACRA.
The nearest MRT is Raffles Place MRT, 86 m away (about a 1-minute walk). The closest bus stop (Prudential Twr) is 174 m away (about a 3-minute walk).
What is Malacca Centre zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 15.0
- Urban design area
- Udga
- Central Area
- Yes
What has Malacca Centre sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Dec 2022 | Office | S$5.68M | 1,830 sqft | $3,104 |
| Jun 2021 | Office | S$6.19M | 2,142 sqft | $2,890 |
| Apr 2020 | Retail | S$5.83M | 1,830 sqft | $3,183 |
| Mar 2020 | Retail | S$6.00M | 1,830 sqft | $3,279 |
| Oct 2017 | Retail | S$4.75M | 1,830 sqft | $2,596 |
| Jun 2012 | Office | S$4.18M | 1,830 sqft | $2,284 |
| Dec 2010 | Office | S$2.93M | 1,830 sqft | $1,601 |
| Oct 2010 | Office | S$3.30M | 1,830 sqft | $1,803 |
| Aug 2010 | Office | S$2.88M | 1,830 sqft | $1,574 |
| May 2010 | Office | S$3.02M | 2,142 sqft | $1,410 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Malacca Centre rent for?
Office space on Malacca Street
Street level · 2026Q2S$ per sq ft per month (median only published)
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 Malacca Street
Street level · 2026Q1S$ 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 · 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 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 Malacca Centre
- Prime office: Capital value S$3,200 psf · Net yield 3.7%
- Core CBD (Grade A): Rent S$12.50 psf/mth · Vacancy 3.3%
- Core CBD (Grade B): Rent S$9.15 psf/mth
- Core CBD: Rent S$9.40 psf/mth · Vacancy 4.5%
- Raffles Place: Rent S$11.54 psf/mth · Vacancy 4.5% · Planned / under construction 0.36m sq ft
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.
How fast units move at Malacca Centre
Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 2 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 Malacca Centre?
- 25 Sept 2026Agency worksFloor B1Change of use to gym / fitness centre
Lodgment for proposed use of unit #B1-XX as gym / fitness centre
- 27 Apr 2026RenewedFloor 6Continued use as gym/fitness centre
Continued use of unit #06-XX from office to gym/fitness centre at malacca centre
- 7 Nov 2025Agency worksFloor 9Change of use to gym/fitness centre
Lodgment for proposed use of unit #09-XX as gym/fitness centre
- 22 Aug 2025RenewedFloor B1Continued use as massage establishment
Conitnued use of unit #B1-XX as massage establishment at malacca centre
- 27 Sept 2024Agency worksFloor 16Change of use to commercial school
Lodgment for proposed use of unit #16-XX as commercial school
- 24 Sept 2024ApprovedFloor 5Change of use: office → gym/fitness centre
Proposed change of use of #05-XX from office to gym/fitness centre at malacca centre
- 21 Jun 2024ApprovedFloor 6Change of use: office → gym/fitness centre
Proposed change of use of unit #06-XX from office to gym/fitness centre at malacca centre
- 23 Nov 2023ApprovedFloor 15Change of use: office → massage establishment
Proposed change of use of 15th storey (#15-XX) from office to massage establishment at malacca centre
- 8 Nov 2022Agency worksFloor 9Change of use to gym/fitness centre
Lodgment for proposed use of unit #09-XX as gym/fitness centre
- 26 Sept 2022ApprovedFloor B1Change of use to massage establishment
Proposed change of use of unit #B1-XX to massage establishment at malacca centre
- 6 Jul 2020ApprovedFloor 11Change of use to massage establishment
Proposed change of use of unit #11-XX to massage establishment at malacca centre
- 1 Jul 2020Agency worksFloor B1Change of use to restaurant
Lodgment for proposed use of unit #B1-XX as restaurant
10 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$54.50 per unit).
How does Malacca Street price?
Too few strata sales on this street to support a median — the count is shown without one.
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Malacca Centre?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ psm/month, 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 available at Malacca Centre right now?
For rent (4)
- Malacca Centre6 agentsS$23k/mo · 1,830 sqft
- ⭐Raffles Place / CBD⭐ Aesthetic Clinic, Gym, Fitted Spa, Beauty Salon2 agentsS$23k/mo · 1,828 sqft
- Fitted Office at Raffles Place MrtS$6k/mo · 650 sqft
- Malacca Centre2 agentsS$25k/mo · 1,830 sqft
What is near Malacca Centre?
Getting around
- Raffles Place MRT86 m · ~1 min
Amenities nearby
Competing premises nearby
Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Malacca Centre
nearest MRT/LRT Raffles Place (EW14/NS26) 78 m, about 133,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 8, about 18,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 9,712 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
- Raffles Place (EW14 / NS26)78 m · about 133,000 weekday taps
- Telok Ayer (DT18)269 m · about 37,000 weekday taps
- Downtown (DT17)499 m · about 51,000 weekday taps
- Chinatown (NE4 / DT19)585 m · about 97,000 weekday taps
- Clarke Quay (NE5)613 m · about 31,000 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 Malacca Centre. Transfers between lines don't tap, so interchanges read low.
Bus
8 bus stops within 400 m, with about 18,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Backlane (Cecil St - M Arket St) (URA)163 m
- Backlane (Synagogue St - Church St) (URA)191 m
- Backlane (Lor Telok - Circular Rd) (URA)302 m
- Backlane (Synagogue St ) (URA)315 m
- Circular Rd (URA)327 mS$1.20 per half-hour at midday on a weekday · 34 car lots
Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.5 km away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. Malacca Centre's own car park, if it has one, and its charges are not in the open data.
Who's registered at Malacca Centre?
- Financial and insurance18
- Wholesale and retail trade9
- Transportation and storage5
- Professional, scientific and technical services4
- Real estate3
- Education2
- Other services1
- Health and social services1
- Arts, entertainment and recreation1
- Information and communications0
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. Most registrations here are dead: this is a registered-office address (corporate secretaries), so the count says nothing about how busy the building is. ACRA, as of 2026-09-16.
What is Malacca Centre's BCA building profile?
- BCA building type
- Office
- Green Mark
- NA (NA)
- Energy use intensity
- 144 kWh/m²·yr
Frequently asked questions about Malacca Centre
Where is Malacca Centre?⌄
Malacca Centre is at 20 Malacca Street, Singapore 048979, in the Downtown Core planning area.
What is Malacca Centre zoned as?⌄
Malacca Centre sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 15.
What is the tenure of Malacca Centre?⌄
Malacca Centre is 999-year leasehold. About 799 years remain on the lease.
What have units at Malacca Centre sold for?⌄
Across 20 recorded transactions, the median price is S$1,588 psf. The latest was in December 2022.
What is the nearest MRT station to Malacca Centre?⌄
Raffles Place MRT is the closest, 86 m away (about a 1-minute walk).
How many businesses are registered at Malacca Centre?⌄
45 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 Malacca Centre.
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.