CommercialRESIDENTIAL WITH COMMERCIAL AT 1ST STOREYDistrict 2 · Downtown Core

Office By The Park

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

Office By The Park is a commercial building in District 2 · Downtown Core, on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY under the URA Master Plan with a gross plot ratio of 8.4. ACRA records 0 live company registrations at this address.

The facts are here — now get the verdict on Office By The Park.

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What are the key facts about Office By The Park?

Key takeawayOffice By The Park is a commercial building in District 2 · Downtown Core, zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY.

Asset class: Commercial
Land-use zone: RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio: 8.4
Tenure: Not on record
District / Area: District 2 · Downtown Core
Address: —
Land area: —
Completed: Not on record
Storeys: Not on record
Transactions on record: None recorded
Live listings: None
ACRA registrations: 0

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 Office By The Park

Office By The Park is a commercial building in Downtown Core (District 02). It is located along Peck Seah Street.

Under the URA Master Plan it sits on land zoned residential with commercial at 1st storey with a gross plot ratio of 8.4. It lies inside the Central Area.

The nearest MRT is Tanjong Pagar MRT, 158 m away (about a 2-minute walk). The closest bus stop (Bef Craig Rd) is 206 m away (about a 3-minute walk). Icon Village is 332 m away (about a 5-minute walk).

What is Office By The Park zoned as?

Key takeawayOffice By The Park sits on land zoned RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY with a gross plot ratio of 8.4, inside the Central Area.

Land-use zone: RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
Gross plot ratio: 8.4
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What does space at Office By The Park rent for?

Key takeawayNo rent is published for Office By The Park 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 Office By The Park

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

CBRE, 2Q 2026 (island-wide)

Islandwide: Vacancy 5%
Islandwide (Grade B): Rent S$8.35 psf/mth

Singapore Figures 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.

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 Office By The Park?

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 Office By The Park?

Key takeawayThe nearest MRT/LRT is Tanjong Pagar MRT, about 158 m away.

Getting around

Tanjong Pagar MRT158 m · ~3 min

Amenities nearby

Hotel · 70 mTPC Medical Clinic · 102 mTelok Ayer Pk · 130 mPlace Of Worship · 158 mTanjong Pagar MRT Exit G · 159 mAmoy Street Food Centre · 171 mLotte Mart Pte. Ltd. · 180 mBef Craig Rd · 206 mIcon Village · 332 mKreta Ayer Community Club · 456 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Office By The Park

Key takeawayThe nearest station is Tanjong Pagar (EW15), 157 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 41 public car parks are within 500 m.

Foot traffic: busier than 75% of office buildings

nearest MRT/LRT Tanjong Pagar (EW15) 157 m, about 85,000 taps a weekday; 12 more stations within 1 km; bus stops within 400 m: 11, about 14,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 20,000 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)157 m · about 85,000 weekday taps
Maxwell (TE18)336 m · about 23,000 weekday taps
Shenton Way (TE19)484 m · about 32,000 weekday taps
Prince Edward Road (CC32)525 m · 3,673 weekday taps
Telok Ayer (DT18)547 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 Office By The Park. 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 Off St (URA)62 m
S$1.50 per half-hour at midday on a weekday · 150 car lots
Peck Seah St (URA)73 m
S$1.20 per half-hour at midday on a weekday · 4 car lots
Backlane (Peck Seah St - Tras St) (URA)137 m
Tras St (URA)149 m
S$1.20 per half-hour at midday on a weekday · 66 car lots
Backlane (Tras St - Co Ok St) (URA)163 m

Nearest URA season parking: Blair Road-Everton Roa D Area, 970 m away, S$80/month.

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

How many companies are registered at Office By The Park?

Key takeawayACRA records 0 live company registrations at this address.

Live registrations: 0
Registered last 3 years: 0

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.

Frequently asked questions about Office By The Park

Where is Office By The Park?⌄

Office By The Park is at Peck Seah Street, in the Downtown Core planning area.

What is Office By The Park zoned as?⌄

Office By The Park sits on land zoned residential with commercial at 1st storey under the URA Master Plan, with a gross plot ratio of 8.4.

Have there been any recorded transactions at Office By The Park?⌄

No caveats have been lodged for Office By The Park 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 Office By The Park?⌄

Tanjong Pagar MRT is the closest, 158 m away (about a 2-minute walk).

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Read the figures right

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

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%).

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 — 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.