CommercialCOMMERCIALDistrict 1 · Downtown Core

Ocean Financial Centre

Reviewed by Nathan TangUpdated 8 November 2026
Quick Summary

Ocean Financial 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. 22 units are currently listed for rent. ACRA records 944 live company registrations at this address.

1

What are the key facts about Ocean Financial Centre?

Key takeawayOcean Financial 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
10 Collyer Quay
Land area
6,109 sqm
Completed
2011 (per Wikipedia)
Storeys
43 (per Wikipedia)
Owner
Keppel REIT (79.9% interest) (SGX filings)
Net lettable area
877,635 sq ft (the owner's SGX filings)
Submarket
Raffles Place
Listed as
Office
Transactions on record
None recorded
Live listings
22
ACRA registrations
944

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

Who owns Ocean Financial Centre, and what is it valued at?

Key takeawayKeppel REIT holds a 79.9% interest in Ocean Financial Centre. The figures below come from its own SGX filings, each with its date. A valuation is an independent valuer's opinion for the owner's accounts, not a sale price.
Valued at S$2,301.1 million for its 79.9% interest as at 31 Dec 2025.
from its annual report (2025)
Ocean Financial Centre: Keppel REIT's annual report (2025)
NLA (its 79.9% share)
695,996 sq ft
Land tenure
Leasehold 99 years
Major tenants
The Executive Centre, BNP Paribas, DBS Bank, Standard Chartered
Whole-building deals
  1. Announced 29 Nov 2018
    Keppel REIT sold a 20% interest in Ocean Financial Centre for S$537.3 million (agreed property value) to Allianz Real Estate (on behalf of several Allianz companies, collectively “Allianz”).
    At the time: NLA 877,635 sq ft

Source: the owners' own filings on SGX — notices of valuation of real assets, acquisition and divestment announcements, and annual reports. Facts only, each with its date; a valuation is not a sale price, and occupancy and WALE are as of the date shown. Only REITs and SGX-listed companies file these: a building with a private owner shows no owner here.

3

About Ocean Financial Centre

Ocean Financial Centre is a commercial building in Downtown Core (District 01). It is located along Collyer Quay, Singapore 049315.

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 6,109 sqm of land with about 95,321 sqm of gross floor area.

961 businesses are currently registered at this address with ACRA.

The nearest MRT is Raffles Place MRT, 118 m away (about a 2-minute walk). The closest bus stop (OUE Bayfront) is 171 m away (about a 3-minute walk). Republic Plaza is 159 m away (about a 2-minute walk).

4

What is Ocean Financial Centre zoned as?

Key takeawayOcean Financial 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 91,635 sqm · built 95,992 sqm · headroom -4,357 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 →

5

What does space at Ocean Financial Centre rent for?

Key takeawayNo rent is published for Ocean Financial Centre itself. On its street, Collyer Quay, office space rented at a median of $11.00 psf a month in 2026Q3, with the middle half of leases between $9.80 and $13.30. That is not this building's own rent, and never a quote for a particular unit.

Office space on Collyer Quay

Street level · 2026Q3
25th pct
$9.80
$105.49 psm
Median
$11.00
$118.40 psm
75th pct
$13.30
$143.16 psm

S$ per sq ft per month · median -10.5% on a year earlier

2023Q4 · $130.79 psm2026Q3 · $118.40 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 Collyer Quay

Street level · 2026Q3
25th pct
$10.09
$108.62 psm
Median
$15.73
$169.33 psm
75th pct
$19.68
$211.82 psm

S$ per sq ft per month · median +16% on a year earlier

2023Q4 · $191.60 psm2026Q3 · $169.33 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).

6

Market context around Ocean Financial Centre

Key takeawayFlexible workspace: The Executive Centre lists a centre here, per the operator's public location list (10 Oct 2026).Brokers' 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.

7

How fast units move at Ocean Financial Centre

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 22 units for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 0 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.

8

What's been approved at Ocean Financial Centre?

Key takeawayURA has approved 19 changes of use at Ocean Financial Centre 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.
  1. 9 Oct 2026Approved
    Additions & alterations

    Proposed additions and alteration works to the existing 43 storey building (ocean financial centre) with 3 basement carparks involving works at 1st, 2nd, 3rd storey and lower roof of the car park block and basements 1 & 2 (downtown core planning area)

  2. 9 Sept 2026Approved
    Additions & alterations

    Proposed additions & alterations to 1st storey and covered plaza of existing 43-storey office building (ocean financial centre) with 3 basement carparks on lot 00340p ts01 at 10 collyer quay (downtown core planning area)

  3. 2 Sept 2026RenewedFloor 43
    Continued use as restaurant cum nightclub use

    Continued use of 6 units (#43-XX to #43-XX) as restaurant cum nightclub use at the existing 43-storey building (ocean financial centre)

  4. 31 Aug 2026RenewedFloor 20
    Continued use as ancillary bar/pub and staff lounge with pantry

    Continued use of unit #20-XX and #20-XX from part office to ancillary bar/pub and staff lounge with pantry at ocean financial centre

  5. 30 Jul 2026Approved
    Change of use

    Proposed mobile food trucks at ocean financial centre

  6. 22 May 2026Approved
    Additions & alterations

    Proposed additions and alterations to 2nd storey including facade and 17th storey facade of existing ocean financial centre (downtown core planning area)

  7. 16 Jan 2026Approved
    Additions & alterations

    Proposed additions and alterations to existing 43- storey office building (ocean financial centre) with 3 basements carparks involving gfa decantment (downtown core planing area)

  8. 13 Oct 2025ApprovedFloor 17
    Change of use to office

    Proposed change of use of part m&e room and part corridor to office (extension to office unit #17-XX) at ocean financial centre

  9. 9 Aug 2025ApprovedFloor 4
    Change of use: office → ancillary staff refreshment area

    Proposed change of use of part unit #04-XX from office to ancillary staff refreshment area at ocean financial centre

  10. 9 Aug 2025ApprovedFloor 37
    Change of use: office → ancillary staff refreshment area

    Proposed change of use of part unit #37-XX from office to ancillary staff refreshment area at ocean financial centre

  11. 8 Aug 2025ApprovedFloor 40
    Change of use: office → ancillary cafe

    Proposed change of use of part unit #40-XX from office to ancillary cafe at ocean financial centre

  12. 27 Sept 2024Approved
    Change of use: office → ancillary cafe

    Proposed change of use of part 22nd storey from office to ancillary cafe at ocean financial centre

24 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).

9

How does Collyer Quay price?

Strata sales on the street (5y)
8

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.

10

What do commercial rents run near Ocean Financial Centre?

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 band25th pctMedian75th 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 band25th pctMedian75th 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.

11

What is available at Ocean Financial Centre right now?

Key takeaway22 units are currently listed at Ocean Financial Centre. One row per unit; several agents often market the same unit.

For rent (22)

  • Ocean Financial Centre2 agentsS$61k/mo · 4,500 sqft
  • Ocean Financial Centre2 agentsS$41k/mo · 3,000 sqft
  • Ocean Financial CentreS$20k/mo · 1,500 sqft
  • Ocean Financial Centre2 agentsS$108k/mo · 8,000 sqft

Browse every listing at this building →

12

What is near Ocean Financial Centre?

Key takeawayThe nearest MRT/LRT is Raffles Place MRT, about 118 m away.

Getting around

Amenities nearby

Shenton Medical Group (Arcade) · 50 mRaffles Place MRT Exit E · 51 mRaffles Place Pk · 69 mRepublic Plaza · 159 mOUE Bayfront · 171 mMarket Street Hawker Centre · 233 mHotel · 252 mAl Marche Pte Ltd · 281 mPlace Of Worship · 291 m

Straight-line distances. Source: PropKaki amenities data.

13

Getting there and parking at Ocean Financial Centre

Key takeawayThe nearest station is Raffles Place (EW14 / NS26), 37 m away — one of the busiest stations, with about 133,000 taps in and out on an average weekday. 10 public car parks are within 500 m.
Foot traffic: busier than 91% of office buildings

nearest MRT/LRT Raffles Place (EW14/NS26) 37 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 8,291 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)37 m · about 133,000 weekday taps
  • Telok Ayer (DT18)353 m · about 37,000 weekday taps
  • Downtown (DT17)397 m · about 51,000 weekday taps
  • Shenton Way (TE19)637 m · about 32,000 weekday taps
  • Chinatown (NE4 / DT19)717 m · about 97,000 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 Ocean Financial 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)140 m
  • Backlane (Synagogue St - Church St) (URA)334 m
  • Backlane (Lor Telok - Circular Rd) (URA)437 m
  • Backlane (Synagogue St ) (URA)458 m
  • Circular Rd (URA)458 m
    S$1.20 per half-hour at midday on a weekday · 34 car lots

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.6 km away, S$80/month.

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

14

Who's registered at Ocean Financial Centre?

Key takeaway944 live companies (and LLPs and branches; sole proprietors are not counted) list Ocean Financial Centre as their registered address. These are registered businesses, not who occupies the space.
  • Financial and insurance
    534
  • Professional, scientific and technical services
    127
  • Information and communications
    87
  • Wholesale and retail trade
    71
  • Administrative and support services
    32
  • Transportation and storage
    22
  • Real estate
    21
  • Manufacturing
    13
  • Arts, entertainment and recreation
    12
  • Other services
    8

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.

15

What is Ocean Financial Centre's BCA building profile?

BCA building type
Office
Green Mark
Platinum (2016)
Energy use intensity
201 kWh/m²·yr
16

Frequently asked questions about Ocean Financial Centre

Where is Ocean Financial Centre?⌄

Ocean Financial Centre is at 10 Collyer Quay, Singapore 049315, in the Downtown Core planning area.

What is Ocean Financial Centre zoned as?⌄

Ocean Financial 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 Ocean Financial Centre?⌄

No caveats have been lodged for Ocean Financial 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 Ocean Financial Centre?⌄

Raffles Place MRT is the closest, 118 m away (about a 2-minute walk).

How many businesses are registered at Ocean Financial Centre?⌄

961 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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