One Raffles Quay
One Raffles Quay is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 14.0. 20 units are currently listed for rent. ACRA records 378 live company registrations at this address.
What are the key facts about One Raffles Quay?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 14.0
- Tenure
- Not on record
- District / Area
- District 1 · Downtown Core
- Address
- 1 Raffles Quay
- Land area
- 11,367 sqm
- Completed
- 2006 (per Wikipedia)
- Storeys
- 50 (per Wikipedia)
- Owner
- Suntec REIT; Keppel REIT (33.33% interest) (SGX filings)
- Net lettable area
- 442,463 sq ft (the owner's annual report (as filed on SGX))
- Car-park lots
- 713 (the owner's annual report (as filed on SGX))
- Submarket
- Raffles Place
- Listed as
- Office
- Transactions on record
- None recorded
- Live listings
- 20
- ACRA registrations
- 378
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.
Who owns One Raffles Quay, and what is it valued at?
- Land tenure
- Leasehold 99 years
- Major tenants
- Drew & Napier, WongPartnership LLP
- Net lettable area
- 442,463 sq ft
- Tenants
- 58
- Car-park lots
- 713
- Land tenure
- Leasehold 99 years from 2001 (Remaining lease term of 75 years)
- Green Mark
- BCA Green Mark Platinum certified
- Major tenants
- Capital Group, Deutsche Bank, Ernst & Young, L'Oreal, TikTok
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.
About One Raffles Quay
One Raffles Quay is a commercial building in Downtown Core (District 01). It is located along Raffles Quay, Singapore 048583.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 14. It lies inside the Central Area.
It occupies roughly 11,367 sqm of land with about 147,698 sqm of gross floor area.
454 businesses are currently registered at this address with ACRA.
The nearest MRT is Downtown MRT, 278 m away (about a 4-minute walk). The closest bus stop (One Raffles Quay) is 40 m away (about a 1-minute walk). Republic Plaza is 242 m away (about a 4-minute walk).
What is One Raffles Quay zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 14.0
- Urban design area
- Udga
- Central Area
- Yes
What does space at One Raffles Quay rent for?
Office space on Raffles Quay
Street level · 2026Q3S$ per sq ft per month · median +2.4% on a year earlier
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 Raffles Quay
Street level · 2026Q3S$ per sq ft per month · median -19.8% on a year earlier
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 · 2026Q3S$ 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 Quay
- 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%
- Raffles Place: Rent S$11.54 psf/mth · Vacancy 4.5% · Planned / under construction 0.36m sq ft
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 fast units move at One Raffles Quay
Rent: between 6 Aug 2026 and 28 Aug 2026, 6 new listings appeared and 3 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.
What's been approved at One Raffles Quay?
- 10 Nov 2025ApprovedFloor 14Change of use to ancillary staff refreshment area
Proposed change of use of part of #14-XX to ancillary staff refreshment area at one raffles quay
- 7 Mar 2025ApprovedFloor 49Change of use to ancillary staff refreshment area
Proposed change of use of part of #49-XX to ancillary staff refreshment area at one raffles quay
- 26 Sept 2024ApprovedAdditions & alterations
Proposed amendments to approved additions and alterations to existing level 2 mail room and level 1 garden plaza and lobbies of the tower 1 and 2 on lot ts30 00175c at 1 raffles quay singapore 048583 (downtown core planning area)
- 21 Jun 2024ApprovedAdditions & alterations
Proposed additions and alterations to existing level 2 linkbridge of the tower 1 and 2 involving removal of travellator on lot ts30 00175c at 1 raffles quay singapore 048583 (downtown core planning area)
- 22 Nov 2023ApprovedChange of use to ancillary staff refreshment area
Proposed change of use of part 46th storey office to ancillary staff refreshment area at one raffles quay
- 19 Jul 2023ApprovedAdditions & alterations
Proposed additions and alterations to existing level 2 mail room and level 1 garden plaza and lobbies of the tower 1 and 2 on lot ts30 00175c at 1 raffles quay singapore 048583 (downtown core planning area)
- 20 Dec 2022ApprovedFloor 9Change of use to office
Proposed change of use of unit #09-XX to office at one raffles quay - the north tower
- 15 Jun 2022ApprovedAdditions & alterations
Proposed additions/alterations to district cooling plant no. 1 at 1st and 4th storey of one raffles quay on lot 00175c ts30 at 1 raffles quay (downtown core planning area)
- 26 Oct 2021ApprovedFloors 42, 43, 44Additions & alterations
Proposed amendment to approved additions and alterations to existing units at 42nd, 43rd, and 44th storeys, units #42-XX, #43-XX, and #44-XX of the north tower on lot 00175c ts30 at 1 raffles quay singapore 048583 for m/s capital international inc
- 4 May 2021ApprovedFloors 42, 43, 44Additions & alterations
Proposed additions and alterations to existing units at 42nd, 43rd, and 44th storeys, units #42-XX, #43-XX, and #44-XX of the north tower at 1 raffles quay singapore 048583 for m/s capital group international inc
- 4 Jan 2021ApprovedAdditions & alterations
Proposed additions and alterations to existing 39th to 50th storey of commercial building (one raffles quay - tower 1) on lot 00175c ts 30 at 1 raffles quay singapore 048583 (downtown core planning area)
- 2 Jun 2017ApprovedChange of use: office → shop
Proposed change of use of part of the 48th storey from office to shop (retail & take-away food/juices) at one raffles quay
5 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$54.50 per unit).
How does Raffles Quay price?
Too few strata sales on this street to support a median — the count is shown without one.
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near One Raffles Quay?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ 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 available at One Raffles Quay right now?
For rent (20)
- One Raffles QuayS$29k/mo · 2,450 sqft
- One Raffles QuayS$37k/mo · 3,380 sqft
- One Raffles QuayS$12k/mo · 1,309 sqft
- One Raffles QuayS$7k/mo · 830 sqft
What is near One Raffles Quay?
Getting around
- Downtown MRT278 m · ~4 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at One Raffles Quay
nearest MRT/LRT Raffles Place (EW14/NS26) 104 m, about 133,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 9, about 18,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 11,000 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
- Raffles Place (EW14 / NS26)104 m · about 133,000 weekday taps
- Downtown (DT17)220 m · about 51,000 weekday taps
- Telok Ayer (DT18)291 m · about 37,000 weekday taps
- Shenton Way (TE19)422 m · about 32,000 weekday taps
- Marina Bay (NS27 / CC33 / TE20)573 m · about 13,000 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 Quay. Transfers between lines don't tap, so interchanges read low.
Bus
9 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)126 m
- Backlane (Boon Tat St - Mccallum St) (URA)293 m
- Backlane (Boon Tat St) (URA)342 m
- Boon Tat St (URA)361 mS$1.20 per half-hour at midday on a weekday · 17 car lots
- Stanley St (URA)377 mS$1.20 per half-hour at midday on a weekday · 20 car lots
Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.7 km away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. One Raffles Quay's own car park, if it has one, and its charges are not in the open data.
Who's registered at One Raffles Quay?
- Financial and insurance182
- Professional, scientific and technical services97
- Information and communications37
- Wholesale and retail trade24
- Administrative and support services13
- Real estate12
- Manufacturing4
- Education4
- Accommodation and food services2
- Transportation and storage1
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 Quay's BCA building profile?
- BCA building type
- Office
- Green Mark
- Platinum (2016)
- Energy use intensity
- 250 kWh/m²·yr
Frequently asked questions about One Raffles Quay
Where is One Raffles Quay?⌄
One Raffles Quay is at 1 Raffles Quay, Singapore 048583, in the Downtown Core planning area.
What is One Raffles Quay zoned as?⌄
One Raffles Quay sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 14.
Have there been any recorded transactions at One Raffles Quay?⌄
No caveats have been lodged for One Raffles Quay 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 Quay?⌄
Downtown MRT is the closest, 278 m away (about a 4-minute walk).
How many businesses are registered at One Raffles Quay?⌄
454 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.
The facts are here — now get the verdict on One Raffles Quay.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.