CommercialHOTELLeaseholdDistrict 2 · Outram

Nehsons Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Jun 2022

Quick Summary

Nehsons Building is a commercial building in District 2 · Outram, on land zoned HOTEL under the URA Master Plan with a gross plot ratio of 5.0. It is leasehold with roughly 43 years remaining. 1 transaction is on record since 1995, most recently in Jun 2022. ACRA records 8 live company registrations at this address.

The facts are here — now get the verdict on Nehsons Building.

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What are the key facts about Nehsons Building?

Key takeawayNehsons Building is a commercial building in District 2 · Outram, zoned HOTEL, held leasehold.

Asset class: Commercial
Land-use zone: HOTEL
Gross plot ratio: 5.0
Tenure: Leasehold
District / Area: District 2 · Outram
Address: 24 Peck Seah Street
Land area: 1,284 sqm
Completed: Not on record
Storeys: Not on record
Submarket: City Fringe
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 8

About Nehsons Building

Nehsons Building is a commercial building in Outram (District 02). It is located along Peck Seah Street, Singapore 079314.

Under the URA Master Plan it sits on land zoned hotel with a gross plot ratio of 5. It lies inside the Central Area.

The site is leasehold, with about 43 years remaining on the lease. It occupies roughly 1,284 sqm of land with about 6,419 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$8,040 psf. The most recent was in June 2022.

11 businesses are currently registered at this address with ACRA.

The nearest MRT is Tanjong Pagar MRT, 214 m away (about a 3-minute walk). The closest bus stop (Bef Craig Rd) is 142 m away (about a 2-minute walk). Icon Village is 348 m away (about a 5-minute walk).

What is Nehsons Building zoned as?

Key takeawayNehsons Building sits on land zoned HOTEL with a gross plot ratio of 5.0, inside the Central Area.

Land-use zone: HOTEL
Gross plot ratio: 5.0
Urban design area: Udga
Central Area: Yes

BCA-verified envelope: allowable GFA 6,420 sqm · built 6,689 sqm · headroom -269 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 has Nehsons Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jun 2022 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Jun 2022	Office	S$111.10M	13,819 sqft	$8,040

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 Nehsons Building rent for?

Key takeawayNo rent is published for Nehsons Building itself. On its street, Peck Seah Street, office space rented at a median of $7.33 psf a month in 2026Q3, with the middle half of leases between $7.17 and $7.80. That is not this building's own rent, and never a quote for a particular unit.

Office space on Peck Seah Street

Street level · 2026Q3

25th pct

$7.17

$77.20 psm

Median

$7.33

$78.95 psm

75th pct

$7.80

$84.01 psm

S$ per sq ft per month · median -0.2% on a year earlier

2023Q4 · $85.37 psm2026Q3 · $78.95 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 — District 2 retail

Region band · 2026Q3

25th pct

$7.84

$84.37 psm

Median

$8.70

$93.65 psm

75th pct

$9.99

$107.51 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 2 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 Nehsons Building

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

CBRE, 2Q 2026

Decentralised: Vacancy 3.6%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

City Fringe (all grades): Rent S$7.83 psf/mth · Vacancy 2.5% · Planned / under construction 1.35m 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 Nehsons Building?

Key takeawayURA has approved 2 changes of use at Nehsons Building since 2000, most recently in 2021, and refused 2. 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.

9 Sept 2021Approved
Change of use to takeaway food kiosk
Proposed change of use of 1st storey lobby (part) to takeaway food kiosk
8 Sept 2021Agency worksFloor 2
Change of use to gym/fitness centre
Lodgment for proposed use of unit #02-XX as gym/fitness centre
11 Jun 2019RefusedFloor 1
Change of use to bar/pub
Proposed change of use of unit #01-XX to bar/pub
12 Aug 2004RefusedFloors 9, 4
Change of use to place of worship
Change of use of office [unit #09-XX & #04-XX to place of worship
27 Feb 2003Approved
Additions & alterations
Proposed retrofitting and alterations and additions to the existing 9-storey commercial development (nehsons 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).

How does Peck Seah Street price?

Key takeawayAcross 25 strata sales on Peck Seah Street in the last 5 years, the median is $2,606 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$2,606

Street figures cover strata deals only — land and strata PSF are not comparable.

What do commercial rents run near Nehsons Building?

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

Indicative area yield — District 2 retail

Gross yield (area)

3.8%

3.4% net of property tax

Rent side (median of bands)

$93.65 psm/mo

2026Q3

Price side (strata, 5y)

$2,752 psf

14 sales

An INDICATIVE AREA yield for District 2 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 2 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$92.88	$96.94	$102.26
Level 1 · 30 & Below	$110.68	$117.65	$134.18
Level 1 · >30 - 100	$80.88	$88.43	$172.22
Level 2 & 3 · >30 - 100	$86.12	$91.49	$91.50
B1 & Below · >30 - 100	$247.81	$267.74	$283.87
Level 4 & Above · >30 - 100	$80.14	$84.93	$88.40
Level 2 & 3 · >100 - 300	$82.62	$95.80	$112.75
Level 1 · >100 - 300	$28.40	$52.68	$96.53

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 Nehsons Building?

Key takeawayThe nearest MRT/LRT is Tanjong Pagar MRT, about 214 m away.

Getting around

Tanjong Pagar MRT214 m · ~3 min

Amenities nearby

Hotel · 0 mHeals Clinic · 36 mLotte Mart Pte. Ltd. · 103 mBef Craig Rd · 142 mPlace Of Worship · 167 mAmoy Street Food Centre · 192 mTelok Ayer Pk · 205 mTanjong Pagar MRT Exit A · 208 mIcon Village · 348 mKreta Ayer Community Club · 384 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Nehsons Building

Key takeawayThe nearest station is Tanjong Pagar (EW15), 208 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 45 public car parks are within 500 m.

Foot traffic: busier than 60% of office buildings

nearest MRT/LRT Tanjong Pagar (EW15) 208 m, about 85,000 taps a weekday; 10 more stations within 1 km; bus stops within 400 m: 11, about 14,000 taps a weekday; Outram: 38,402 resident workers (Census 2020, by workplace); about 21,000 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

Tanjong Pagar (EW15)208 m · about 85,000 weekday taps
Maxwell (TE18)273 m · about 23,000 weekday taps
Outram Park (EW16 / NE3 / TE17)541 m · about 78,000 weekday taps
Shenton Way (TE19)562 m · about 32,000 weekday taps
Telok Ayer (DT18)572 m · about 37,000 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 Nehsons Building. Transfers between lines don't tap, so interchanges read low.

Bus

11 bus stops within 400 m, with about 14,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Peck Seah St (URA)57 m
S$1.20 per half-hour at midday on a weekday · 4 car lots
Backlane (Tras St - Co Ok St) (URA)79 m
Cook St (URA)82 m
S$1.20 per half-hour at midday on a weekday · 5 car lots
Peck Seah St Off St (URA)101 m
S$1.50 per half-hour at midday on a weekday · 150 car lots
Tras St (URA)104 m
S$1.20 per half-hour at midday on a weekday · 66 car lots

Nearest URA season parking: Blair Road-Everton Roa D Area, 901 m away, S$80/month.

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

Who's registered at Nehsons Building?

Key takeaway8 live companies (and LLPs and branches; sole proprietors are not counted) list Nehsons Building as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
5
Professional, scientific and technical services
2
Financial and insurance
1
Information and communications
0
Manufacturing
0
Transportation and storage
0
Administrative and support services
0
Construction
0
Accommodation and food services
0
Real estate
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. 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 Nehsons Building's BCA building profile?

BCA building type: Office
Green Mark: NA (NA)
Energy use intensity: 165 kWh/m²·yr

Frequently asked questions about Nehsons Building

Where is Nehsons Building?⌄

Nehsons Building is at 24 Peck Seah Street, Singapore 079314, in the Outram planning area.

What is Nehsons Building zoned as?⌄

Nehsons Building sits on land zoned hotel under the URA Master Plan, with a gross plot ratio of 5.

What is the tenure of Nehsons Building?⌄

Nehsons Building is leasehold. About 43 years remain on the lease.

What have units at Nehsons Building sold for?⌄

Across 1 recorded transaction, the median price is S$8,040 psf. The latest was in June 2022.

What is the nearest MRT station to Nehsons Building?⌄

Tanjong Pagar MRT is the closest, 214 m away (about a 3-minute walk).

How many businesses are registered at Nehsons Building?⌄

11 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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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.

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.

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, 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.