CommercialCOMMERCIALDistrict 1 · Downtown Core

One Raffles Place

Reviewed by Nathan TangUpdated 10 August 2026
Quick Summary

One Raffles Place 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. 103 units are currently listed for sale or rent. ACRA records 2,131 live company registrations at this address.

1

What are the key facts about One Raffles Place?

Key takeawayOne Raffles Place 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
1 Raffles Place
Land area
2,530 sqm
Transactions on record
None recorded
Live listings
103
ACRA registrations
2,131

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

About One Raffles Place

One Raffles Place is a commercial building in Downtown Core (District 01). It is located along Raffles Place, Singapore 048616.

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 2,530 sqm of land with about 119,654 sqm of gross floor area.

2,131 businesses are currently registered at this address with ACRA.

The nearest MRT is Raffles Place MRT, 30 m away (about a 0-minute walk). The closest bus stop (OUE Bayfront) is 198 m away (about a 3-minute walk). Republic Plaza is 130 m away (about a 2-minute walk).

3

What is One Raffles Place zoned as?

Key takeawayOne Raffles Place 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 37,950 sqm · built 117,542 sqm · headroom -79,592 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 →

4

What do commercial rents run near One Raffles Place?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 1 retail

Gross yield (area)
4.0%
3.6% net of property tax
Rent side (median of bands)
$128.98 psm/mo
2026Q2
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, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$86.02$123.08$167.78
B1 & Below · 30 & Below$69.95$306.07$392.13
Level 1 · 30 & Below$142.92$214.69$372.85
Level 1 · >30 - 100$117.46$187.50$219.19
B1 & Below · >30 - 100$116.28$142.89$228.69
Level 4 & Above · >30 - 100$71.98$75.86$192.95
Level 2 & 3 · >30 - 100$73.23$95.24$167.06
Level 2 & 3 · >100 - 300$83.43$129.13$158.54

Office rents — Central Area ($ psm/month, 2026Q2)

Building class · size band25th pctMedian75th pct
Category 1 · 100 & Below$91.40$96.39$119.48
Category 2 · 100 & Below$57.98$71.59$86.82
Category 1 · >100 - 200$113.24$120.54$144.36
Category 2 · >100 - 200$59.40$77.88$96.88
Category 2 · >200 - 500$69.97$89.34$97.94
Category 1 · >200 - 500$112.64$129.70$148.82
Category 1 · >500 - 1000$119.97$136.70$147.13
Category 2 · >500 - 1000$55.42$82.91$92.66

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.

5

What is available at One Raffles Place right now?

Key takeaway103 units are currently listed at One Raffles Place1 for sale and 102 for rent. One row per unit; several agents often market the same unit.

For sale (1)

  • Rare CBD Prime Commercial F&B / Retail Mall with Direct Link to MRT!S$420.00M · 118,000 sqft

For rent (102)

  • One Raffles Place2 agentsS$9k/mo · 600 sqft
  • One Raffles Place4 agentsS$11k/mo · 344 sqft
  • One Raffles Place3 agentsS$11k/mo · 377 sqft
  • One Raffles Place5 agentsS$43k/mo · 3,294 sqft

Browse every listing at this building →

6

What is near One Raffles Place?

Key takeawayThe nearest MRT/LRT is Raffles Place MRT, about 30 m away.

Getting around

Amenities nearby

Raffles Place MRT Exit A · 29 mJGH City Healthcare · 40 mRaffles Place Pk · 88 mMarket Street Hawker Centre · 157 mHotel · 185 mPlace Of Worship · 186 mOUE Bayfront · 198 mAl Marche Pte Ltd · 426 mKreta Ayer Community Club · 989 m

Straight-line distances. Source: PropKaki amenities data.

7

How many companies are registered at One Raffles Place?

Key takeawayACRA records 2,131 live company registrations at this address, 800 of them in the last three years.
Live registrations
2,131
Registered last 3 years
800
Most common type
Local Company

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.

8

What is One Raffles Place's BCA building profile?

BCA building type
Office
Green Mark
Gold (2016)
Energy use intensity
206 kWh/m²·yr
9

Frequently asked questions about One Raffles Place

Where is One Raffles Place?

One Raffles Place is at 1 Raffles Place, Singapore 048616, in the Downtown Core planning area.

What is One Raffles Place zoned as?

One Raffles Place sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 15.

Have there been any recorded transactions at One Raffles Place?

No caveats have been lodged for One Raffles Place 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 Place?

Raffles Place MRT is the closest, 30 m away (about a 0-minute walk).

How many businesses are registered at One Raffles Place?

2,131 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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