CommercialHOTELDistrict 1 · Downtown Core

Millenia Walk

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

Millenia Walk is a commercial building in District 1 · Downtown Core, on land zoned HOTEL under the URA Master Plan with a gross plot ratio of 3.6. 11 units are currently listed for rent. ACRA records 42 live company registrations at this address.

The facts are here — now get the verdict on Millenia Walk.

Ask PropKaki

What are the key facts about Millenia Walk?

Key takeawayMillenia Walk is a commercial building in District 1 · Downtown Core, zoned HOTEL.

Asset class: Commercial
Land-use zone: HOTEL
Gross plot ratio: 3.6
Tenure: Not on record
District / Area: District 1 · Downtown Core
Address: 9 Raffles Boulevard
Land area: 53,360 sqm
Completed: Not on record
Storeys: 3 (© OpenStreetMap contributors)
Submarket: City Hall / Bugis
Listed as: Food & Beverage, Other Retail, Mall Shop
Transactions on record: None recorded
Live listings: 11
ACRA registrations: 42

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 Millenia Walk

Millenia Walk is a commercial building in Downtown Core (District 01). It is located along Raffles Boulevard, Singapore 039596.

Under the URA Master Plan it sits on land zoned hotel with a gross plot ratio of 3.6. It lies inside the Central Area.

It occupies roughly 53,360 sqm of land with about 192,096 sqm of gross floor area.

46 businesses are currently registered at this address with ACRA.

The nearest MRT is Promenade MRT, 169 m away (about a 3-minute walk). The closest bus stop (Aft Promenade Stn Exit C) is 102 m away (about a 2-minute walk). Marina Square is 177 m away (about a 3-minute walk).

What is Millenia Walk zoned as?

Key takeawayMillenia Walk sits on land zoned HOTEL with a gross plot ratio of 3.6, inside the Central Area.

Land-use zone: HOTEL
Gross plot ratio: 3.6
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What does space at Millenia Walk rent for?

Key takeawayNo rent is published for Millenia Walk itself. On its street, Raffles Boulevard, retail space rented at a median of $10.40 psf a month in 2026Q3, with the middle half of leases between $7.53 and $15.65. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Raffles Boulevard

Street level · 2026Q3

25th pct

$7.53

$81.02 psm

Median

$10.40

$111.99 psm

75th pct

$15.65

$168.44 psm

S$ per sq ft per month · median -1.6% on a year earlier

2023Q4 · $106.31 psm2026Q3 · $111.99 psm median

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 Millenia Walk

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

CBRE, 2Q 2026 (island-wide)

Islandwide: Rent S$28.15 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft

Singapore Retail MarketBeat Q2 2026

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 Millenia Walk

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 11 units for rent.

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 Millenia Walk?

Key takeawayURA has approved 61 changes of use at Millenia Walk since 2000, most recently in 2026. 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.

29 Sept 2026ApprovedFloor 1
Change of use to showroom
Proposed change of use of units #01-XX and #01-XX to showroom at millenia walk
29 Jul 2026ApprovedFloor 2
Change of use to shop
Proposed change of use of unit #02-XX to shop at millenia walk
27 Jul 2026ApprovedFloor 2
Change of use to shop
Proposed change of use of units #02-XX and #02-XX to shop at millenia walk
8 Jul 2026ApprovedFloor 2
Change of use to medical clinic and gym/fitness centre use
Proposed change of use of units #02-XX, #02-XX, #02-XX and #02-XX to medical clinic and gym/fitness centre use
23 Jun 2026RenewedFloor 1
Continued use as restaurant and bar with live entertainment
Continued use of units #01-XX, #01-XX & #01-XX as restaurant and bar with live entertainment
16 May 2026Approved
Additions & alterations
Proposed new erection of a free-standing canopy structure at outdoor refreshment area at millenia walk
6 Apr 2026RenewedFloor 2
Continued use as restaurant and bar with live entertainment
Continued use of unit #02-XX from restaurant to restaurant and bar with live entertainment at millenia walk
18 Mar 2026RenewedFloor 1
Continued use as restaurant and bar
Continued use of units #01-XX, #01-XX & #01-XX as restaurant and bar
27 Feb 2026ApprovedFloor 1
Change of use to restaurant
Proposed change of use of units #01-XX, #01-XX and #01-XX to restaurant
19 Jan 2026ApprovedFloor 2
Change of use to shop
Proposed change of use of unit #02-XX to shop at millenia walk
14 Jan 2026ApprovedFloor 2
Change of use to supermarket and restaurant
Proposed change of use of units #02-XX, #02-XX, #02-XX, #02-XX, #02-XX, #02-XX, #02-XX, #02-XX, #02-XX, #02-XX, #02-XX and #02-XX to supermarket and restaurant at millenia walk
15 Dec 2025RenewedFloor 1
Continued use as shop with ancillary bar
Continued use of unit #01-XX as shop with ancillary bar

81 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 Millenia Walk?

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 available at Millenia Walk right now?

Key takeaway11 units are currently listed at Millenia Walk. One row per unit; several agents often market the same unit.

For rent (11)

Millenia WalkS$26k/mo · 1,668 sqft
Millenia Walk3 agentsS$24k/mo · 1,862 sqft
Millenia WalkS$29k/mo · 2,400 sqft
Millenia Walk2 agentsS$26k/mo · 1,862 sqft

Browse every listing at this building →

What is near Millenia Walk?

Key takeawayThe nearest MRT/LRT is Promenade MRT, about 169 m away.

Getting around

Promenade MRT169 m · ~3 min

Amenities nearby

Hotel · 0 mRafflesMedical · 53 mAft Promenade Stn Exit C · 102 mPromenade MRT Exit A · 114 mEpicurean Concepts Marina Square Pte. Ltd. · 177 mYouth Olympic Pk · 392 mPlace Of Worship · 832 mEducational Institution · 966 mRaffles Hospital · 1.0 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Millenia Walk

Key takeawayThe nearest station is Promenade (CC4 / DT15), 113 m away — a busy station, with about 45,000 taps in and out on an average weekday. 5 public car parks are within 500 m.

Foot traffic: busier than 49% of retail buildings

nearest MRT/LRT Promenade (CC4/DT15) 113 m, about 45,000 taps a weekday; 4 more stations within 1 km; bus stops within 400 m: 9, about 8,371 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 2,436 residents within 1 km (June 2026); 7 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

Promenade (CC4 / DT15)113 m · about 45,000 weekday taps
Esplanade (CC3)425 m · about 15,000 weekday taps
City Hall (NS25 / EW13)784 m · about 91,000 weekday taps
Bugis (EW12 / DT14)789 m · about 109,000 weekday taps
Nicoll Highway (CC5)902 m · about 10,000 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 Millenia Walk. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with 8,371 boardings and alightings on an average weekday.

Public car parks within 500 m

Millenia Singapore (development car park)6 m
rates not published as open data
Raffles Boulevard Coac H Park (URA)245 m
Marina Square (development car park)341 m
rates not published as open data
Suntec City (development car park)346 m
rates not published as open data
Singapore Flyer (development car park)483 m
rates not published as open data

Nearest URA season parking: Kampong Glam Area, 936 m away, S$125/month.

Public car parks only, by straight-line distance, with the operator's published rates. Millenia Walk's own car park, if it has one, and its charges are not in the open data.

Who's registered at Millenia Walk?

Key takeaway42 live companies (and LLPs and branches; sole proprietors are not counted) list Millenia Walk as their registered address. These are registered businesses, not who occupies the space.

Accommodation and food services
15
Wholesale and retail trade
10
Professional, scientific and technical services
4
Other services
4
Financial and insurance
2
Information and communications
2
Health and social services
2
Manufacturing
2
Administrative and support services
1
Education
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.

Frequently asked questions about Millenia Walk

Where is Millenia Walk?⌄

Millenia Walk is at 9 Raffles Boulevard, Singapore 039596, in the Downtown Core planning area.

What is Millenia Walk zoned as?⌄

Millenia Walk sits on land zoned hotel under the URA Master Plan, with a gross plot ratio of 3.6.

Have there been any recorded transactions at Millenia Walk?⌄

No caveats have been lodged for Millenia Walk 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 Millenia Walk?⌄

Promenade MRT is the closest, 169 m away (about a 3-minute walk).

How many businesses are registered at Millenia Walk?⌄

46 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.

For agents · in the PropKaki app

The facts are here — now get the verdict on Millenia Walk.

Ask what a unit here would fetch, what the zone allows, or how it compares.

Ask PropKaki Try on WhatsApp

PropKaki

Tell me about Millenia Walk — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

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.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

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

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

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 PropKaki's submarket map, URA planning decisions, LTA DataMall car parks, LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — 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.