CommercialWHITEDistrict 1 · Downtown Core

One Raffles Link

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

One Raffles Link is a commercial building in District 1 · Downtown Core, on land zoned WHITE under the URA Master Plan with a gross plot ratio of 3.5. ACRA records 97 live company registrations at this address.

The facts are here — now get the verdict on One Raffles Link.

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What are the key facts about One Raffles Link?

Key takeawayOne Raffles Link is a commercial building in District 1 · Downtown Core, zoned WHITE.

Asset class: Commercial
Land-use zone: WHITE
Gross plot ratio: 3.5
Tenure: Not on record
District / Area: District 1 · Downtown Core
Address: 1 Raffles Link
Land area: 17,870 sqm
Completed: Not on record
Storeys: Not on record
Submarket: City Hall / Bugis
Transactions on record: None recorded
Live listings: None
ACRA registrations: 97

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 One Raffles Link

One Raffles Link is a commercial building in Downtown Core (District 01). It is located along Raffles Link, Singapore 039393.

Under the URA Master Plan it sits on land zoned white with a gross plot ratio of 3.5. It lies inside the Central Area.

It occupies roughly 17,870 sqm of land with about 30,671 sqm of gross floor area.

112 businesses are currently registered at this address with ACRA.

The nearest MRT is Esplanade MRT, 194 m away (about a 3-minute walk). The closest bus stop (Opp War Memorial Pk) is 141 m away (about a 2-minute walk). Marina Square is 253 m away (about a 4-minute walk).

What is One Raffles Link zoned as?

Key takeawayOne Raffles Link sits on land zoned WHITE with a gross plot ratio of 3.5, inside the Central Area.

Land-use zone: WHITE
Gross plot ratio: 3.5
Urban design area: Udga
Central Area: Yes

BCA-verified envelope: allowable GFA 62,545 sqm · built 36,280 sqm · headroom 26,265 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 One Raffles Link rent for?

Key takeawayNo rent is published for One Raffles Link itself. On its street, Raffles Link, retail space rented at a median of $16.10 psf a month in 2026Q3, with the middle half of leases between $14.75 and $16.99. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Raffles Link

Street level · 2026Q3

25th pct

$14.75

$158.76 psm

Median

$16.10

$173.30 psm

75th pct

$16.99

$182.85 psm

S$ per sq ft per month · median +49.9% on a year earlier

2023Q4 · $103.33 psm2026Q3 · $173.30 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 One Raffles Link

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

CBRE, 2Q 2026

Fringe CBD: Vacancy 7.2%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

City Hall / Marina Centre: Rent S$11.36 psf/mth · Vacancy 3.2% · Planned / under construction 0.00m sq ft
Bugis: Rent S$12.12 psf/mth · Vacancy 11.9% · Planned / under construction 0.56m 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 One Raffles Link?

Key takeawayURA has approved 29 changes of use at One Raffles Link 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.

16 Jul 2026Approved
Change of use to takeaway food shop with ancillary dine-in
Proposed change of use of part 1st storey office lobby to takeaway food shop with ancillary dine-in at one raffles link
6 Jul 2026ApprovedFloor B1
Change of use to restaurant
Proposed change of use of unit #B1-XX to restaurant at citylink mall
26 Feb 2026ApprovedFloor 1
Change of use to nightclub
Proposed change of use of unit #01-XX to nightclub at one raffles link
21 Oct 2025ApprovedFloor B1
Change of use to gym/fitness centre
Proposed change of use of unit #B1-XX to gym/fitness centre at citylink mall
15 Oct 2025ApprovedFloor 1
Change of use to showroom
Proposed change of use of unit #01-XX to showroom at citylink mall
23 Sept 2025ApprovedFloor 1
Change of use to restaurant
Proposed change of use of unit #01-XX to restaurant at one raffles link
14 Aug 2025Agency worksFloor 1
Change of use to commercial school
Lodgment for proposed use of unit #01-XX as commercial school
20 Jan 2025ApprovedFloor 1
Change of use: office → wellness centre
Proposed change of use of unit #01-XX from office to wellness centre at citylink mall
8 Nov 2024ApprovedFloor 1
Change of use: restaurant → nightclub
Proposed change of use of #01-XX from restaurant to nightclub (as part of the existing nightclub at #01-XX) at citylink mall
19 Mar 2024ApprovedFloor 1
Change of use: restaurant → nightclub
Proposed change of use of unit #01-XX from restaurant to nightclub at one raffles link
19 Apr 2023ApprovedFloor B1
Change of use to existing unit #b1-xx to #b1-xx as shop and #b1-xx as beauty salon
Proposed change of use and subdivision to existing unit #B1-XX to #B1-XX as shop and #B1-XX as beauty salon of existing citylink mall on lot 00209w ts 11 at one raffles link (downtown core planning area)
18 Apr 2023Approved
Additions & alterations
Proposed installation of photovoltaic panels on existing roof to existing 7- storey office building with 2 basements

29 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 One Raffles Link?

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 One Raffles Link?

Key takeawayThe nearest MRT/LRT is Esplanade MRT, about 194 m away.

Getting around

Esplanade MRT194 m · ~3 min

Amenities nearby

Hotel · 9 mEsplanade MRT Exit B · 51 mThe Medical Practice · 81 mOpp War Memorial Pk · 141 mWar Memorial Pk · 180 mMarina Square · 253 mEpicurean Concepts Marina Square Pte. Ltd. · 253 mPlace Of Worship · 430 mEducational Institution · 646 mRaffles Hospital · 969 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at One Raffles Link

Key takeawayThe nearest station is Esplanade (CC3), 51 m away — a quiet station, with about 15,000 taps in and out on an average weekday. 9 public car parks are within 500 m.

Foot traffic: busier than 53% of office buildings

nearest MRT/LRT Esplanade (CC3) 51 m, about 15,000 taps a weekday; 6 more stations within 1 km; bus stops within 400 m: 11, about 18,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 3,023 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

Esplanade (CC3)51 m · about 15,000 weekday taps
City Hall (NS25 / EW13)384 m · about 91,000 weekday taps
Promenade (CC4 / DT15)440 m · about 45,000 weekday taps
Bugis (EW12 / DT14)719 m · about 109,000 weekday taps
Bras Basah (CC2)743 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 One Raffles Link. Transfers between lines don't tap, so interchanges read low.

Bus

11 bus stops within 400 m, with about 18,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Suntec City (development car park)160 m
rates not published as open data
Marina Square (development car park)181 m
rates not published as open data
Esplanade (development car park)283 m
rates not published as open data
Raffles City (development car park)385 m
rates not published as open data
Millenia Singapore (development car park)409 m
rates not published as open data

Nearest URA season parking: Kampong Glam Area, 1.1 km away, S$125/month.

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

Who's registered at One Raffles Link?

Key takeaway97 live companies (and LLPs and branches; sole proprietors are not counted) list One Raffles Link as their registered address. These are registered businesses, not who occupies the space.

Financial and insurance
68
Wholesale and retail trade
8
Health and social services
8
Other services
7
Education
2
Accommodation and food services
1
Professional, scientific and technical services
1
Administrative and support services
1
Arts, entertainment and recreation
1
Information and communications
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 One Raffles Link's BCA building profile?

BCA building type: Office
Green Mark: GoldPlus (2018)
Energy use intensity: 386 kWh/m²·yr

Frequently asked questions about One Raffles Link

Where is One Raffles Link?⌄

One Raffles Link is at 1 Raffles Link, Singapore 039393, in the Downtown Core planning area.

What is One Raffles Link zoned as?⌄

One Raffles Link sits on land zoned white under the URA Master Plan, with a gross plot ratio of 3.5.

Have there been any recorded transactions at One Raffles Link?⌄

No caveats have been lodged for One Raffles Link 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 One Raffles Link?⌄

Esplanade MRT is the closest, 194 m away (about a 3-minute walk).

How many businesses are registered at One Raffles Link?⌄

112 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

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.

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 PropKaki's submarket map, URA planning decisions, LTA DataMall car parks, 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.