CommercialHOTELDistrict 1 · Downtown Core

Maybank Tower

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

Maybank Tower is a commercial building in District 1 · Downtown Core, on land zoned HOTEL under the URA Master Plan. ACRA records 77 live company registrations at this address.

The facts are here — now get the verdict on Maybank Tower.

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What are the key facts about Maybank Tower?

Key takeawayMaybank Tower is a commercial building in District 1 · Downtown Core, zoned HOTEL.

Asset class: Commercial
Land-use zone: HOTEL
Gross plot ratio: Subject to Evaluation
Tenure: Not on record
District / Area: District 1 · Downtown Core
Address: 2 Battery Road
Land area: 1,135 sqm
Completed: 2001 (per Wikipedia)
Storeys: 32 (per Wikipedia)
Submarket: Raffles Place
Transactions on record: None recorded
Live listings: None
ACRA registrations: 77

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.

About Maybank Tower

Maybank Tower is a commercial building in Downtown Core (District 01). It is located along Battery Road, Singapore 049907.

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

It occupies roughly 1,135 sqm of land with about 17,025 sqm of gross floor area.

103 businesses are currently registered at this address with ACRA.

The nearest MRT is Raffles Place MRT, 266 m away (about a 4-minute walk). The closest bus stop (Fullerton Sq) is 90 m away (about a 1-minute walk). One Raffles Place is 274 m away (about a 4-minute walk).

What is Maybank Tower zoned as?

Key takeawayMaybank Tower 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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 14,989 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 →

What does space at Maybank Tower rent for?

Key takeawayNo rent is published for Maybank Tower itself. On its street, Battery Road, office space rented at a median of $13.00 psf a month in 2026Q3, with the middle half of leases between $10.62 and $13.23. That is not this building's own rent, and never a quote for a particular unit.

Office space on Battery Road

Street level · 2026Q3

25th pct

$10.62

$114.36 psm

Median

$13.00

$139.96 psm

75th pct

$13.23

$142.37 psm

S$ per sq ft per month · median +0.1% on a year earlier

2023Q4 · $139.93 psm2026Q3 · $139.96 psm median

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 Battery Road

Street level · 2024Q2

25th pct

—

— psm

Median

$11.35

$122.22 psm

75th pct

—

— psm

S$ 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 · 2026Q3

25th pct

$8.23

$88.64 psm

Median

$10.02

$107.81 psm

75th pct

$15.92

$171.42 psm

S$ 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 Maybank Tower

Key takeawayBrokers' office figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

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%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Raffles Place: Rent S$11.54 psf/mth · Vacancy 4.5% · Planned / under construction 0.36m sq ft

Singapore Office MarketBeat Q2 2026

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.

What's been approved at Maybank Tower?

Key takeawayURA has approved 2 changes of use at Maybank Tower since 2000, most recently in 2024. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

3 Feb 2025Approved
Additions & alterations
Proposed additions and alterations to the existing maybank tower for new 1st storey outdoor refreshment areas (ora) (downtown core planning area)
10 Oct 2024Approved
Additions & alterations
Proposed outdoor refreshment area at 1st storey covered walkway for a restaurant (cafe) at maybank tower
28 Mar 2024Approved
Change of use to restaurant
Proposed change of use of existing part public foyer to restaurant (cafe) at 1st storey at maybank tower
22 Jul 2019Agency works
Change of use to cafe
Lodgment for proposed use of part 1st storey office area (bank) to cafe
27 Jun 2008Approved
Additions & alterations
Prposed installation of external building lighting to an existing 32-storey office building

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 Maybank Tower?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 1 retail

Gross yield (area)

3.4%

3.0% net of property tax

Rent side (median of bands)

$107.81 psm/mo

2026Q3

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, 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 near Maybank Tower?

Key takeawayThe nearest MRT/LRT is Raffles Place MRT, about 266 m away.

Getting around

Raffles Place MRT266 m · ~4 min

Amenities nearby

Hotel · 0 mFullerton Sq · 90 mEmpress Place · 118 mRaffles Place MRT Exit H · 161 mRafflesMedical (Singapore Land Tower) · 176 mOne Raffles Place · 274 mPlace Of Worship · 389 mMarket Street Hawker Centre · 395 mEducational Institution · 992 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Maybank Tower

Key takeawayThe nearest station is Raffles Place (EW14 / NS26), 160 m away — one of the busiest stations, with about 133,000 taps in and out on an average weekday. 8 public car parks are within 500 m.

Foot traffic: busier than 62% of office buildings

nearest MRT/LRT Raffles Place (EW14/NS26) 160 m, about 133,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 2, about 7,104 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 5,162 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)160 m · about 133,000 weekday taps
Telok Ayer (DT18)601 m · about 37,000 weekday taps
Downtown (DT17)704 m · about 51,000 weekday taps
Clarke Quay (NE5)716 m · about 31,000 weekday taps
City Hall (NS25 / EW13)759 m · about 91,000 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 Maybank Tower. Transfers between lines don't tap, so interchanges read low.

Bus

2 bus stops within 400 m, with 7,104 boardings and alightings on an average weekday.

Public car parks within 500 m

Circular Rd (URA)407 m
S$1.20 per half-hour at midday on a weekday · 34 car lots
Backlane (Lor Telok - Circular Rd) (URA)410 m
Backlane (Synagogue St - Church St) (URA)439 m
Backlane (Cecil St - M Arket St) (URA)455 m
Lor Telok (URA)466 m
S$1.20 per half-hour at midday on a weekday · 21 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. Maybank Tower's own car park, if it has one, and its charges are not in the open data.

Who's registered at Maybank Tower?

Key takeaway77 live companies (and LLPs and branches; sole proprietors are not counted) list Maybank Tower as their registered address. These are registered businesses, not who occupies the space.

Financial and insurance
71
Wholesale and retail trade
2
Transportation and storage
2
Accommodation and food services
2
Manufacturing
0
Professional, scientific and technical services
0
Other services
0
Administrative and support services
0
Real estate
0
Construction
0

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 Maybank Tower's BCA building profile?

BCA building type: Office
Green Mark: NA (NA)
Energy use intensity: 355 kWh/m²·yr

Frequently asked questions about Maybank Tower

Where is Maybank Tower?⌄

Maybank Tower is at 2 Battery Road, Singapore 049907, in the Downtown Core planning area.

What is Maybank Tower zoned as?⌄

Maybank Tower sits on land zoned hotel under the URA Master Plan.

Have there been any recorded transactions at Maybank Tower?⌄

No caveats have been lodged for Maybank Tower 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 Maybank Tower?⌄

Raffles Place MRT is the closest, 266 m away (about a 4-minute walk).

How many businesses are registered at Maybank Tower?⌄

103 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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Read the figures right

Completion year: as Wikipedia states it, not checked against an official record. Sales records start in 1995, which says nothing about when a building was built.

Storeys: Wikipedia's floor count, not checked against an official record.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

Tenure is not recorded for this building. Commercial tenure coverage is roughly 40% (industrial is far better at ~90%).

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from Wikipedia, PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.