CommercialCOMMERCIALDistrict 1 · Downtown Core

Oue Downtown 1

Reviewed by Nathan TangUpdated 8 November 2026
Quick Summary

Oue Downtown 1 is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 13.0. ACRA records 0 live company registrations at this address.

1

What are the key facts about Oue Downtown 1?

Key takeawayOue Downtown 1 is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
13.0
Tenure
Not on record
District / Area
District 1 · Downtown Core
Address
—
Land area
8,352 sqm
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.

2

About Oue Downtown 1

Oue Downtown 1 is a commercial building in Downtown Core (District 01). It is located along Shenton Way.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 13. It lies inside the Central Area.

It occupies roughly 8,352 sqm of land with about 116,055 sqm of gross floor area.

The nearest MRT is Shenton Way MRT, 208 m away (about a 3-minute walk). The closest bus stop (Aft Capital Twr) is 80 m away (about a 1-minute walk). Icon Village is 508 m away (about a 8-minute walk).

3

What is Oue Downtown 1 zoned as?

Key takeawayOue Downtown 1 sits on land zoned COMMERCIAL with a gross plot ratio of 13.0, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
13.0
Urban design area
Udga
Central Area
Yes

Run the full zoning report for this building →

4

What does space at Oue Downtown 1 rent for?

Key takeawayNo rent is published for Oue Downtown 1 itself. On its street, Shenton Way, office space rented at a median of $9.02 psf a month in 2026Q3, with the middle half of leases between $6.56 and $9.85. That is not this building's own rent, and never a quote for a particular unit.

Office space on Shenton Way

Street level · 2026Q3
25th pct
$6.56
$70.61 psm
Median
$9.02
$97.04 psm
75th pct
$9.85
$106.03 psm

S$ per sq ft per month · median +8% on a year earlier

2023Q4 · $78.03 psm2026Q3 · $97.04 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 Shenton Way

Street level · 2026Q3
25th pct
$6.90
$74.28 psm
Median
$8.88
$95.59 psm
75th pct
$11.66
$125.56 psm

S$ per sq ft per month · median +16.3% on a year earlier

2023Q4 · $69.97 psm2026Q3 · $95.59 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).

5

Market context around Oue Downtown 1

Key takeawayBrokers' retail figures for Singapore as a whole — a broker's market figure, not this building's rent.
CBRE, 2Q 2026 (island-wide)
  • Islandwide: Rent S$28.15 psf/mth
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026 (island-wide)
  • Singapore total: Rent S$30.38 psf/mth · Vacancy 6.3% (1Q 2026) · Planned / under construction 2.38m sq ft
Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% 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.

6

How does Shenton Way price?

Key takeawayAcross 27 strata sales on Shenton Way in the last 5 years, the median is $2,393 psf.
Strata sales on the street (5y)
27
Street median PSF (strata)
$2,393

Street figures cover strata deals only — land and strata PSF are not comparable.

7

What do commercial rents run near Oue Downtown 1?

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.

8

What is near Oue Downtown 1?

Key takeawayThe nearest MRT/LRT is Shenton Way MRT, about 208 m away.

Getting around

Amenities nearby

Sw1 Clinic · 14 mAft Capital Twr · 80 mShenton Way MRT Exit 6 · 166 mPlace Of Worship · 207 mTanjong Pagar Pk · 228 mAp House Pte. Ltd. · 273 mHotel · 300 mAmoy Street Food Centre · 350 mIcon Village · 508 mKreta Ayer Community Club · 756 m

Straight-line distances. Source: PropKaki amenities data.

9

Getting there and parking at Oue Downtown 1

Key takeawayThe nearest station is Shenton Way (TE19), 166 m away — a moderately busy station, with about 32,000 taps in and out on an average weekday. 18 public car parks are within 500 m.
Foot traffic: busier than 82% of retail buildings

nearest MRT/LRT Shenton Way (TE19) 166 m, about 32,000 taps a weekday; 10 more stations within 1 km; bus stops within 400 m: 8, about 16,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 16,000 residents within 1 km (June 2026); 6 other malls within 1 km. Ranked against 12,856 retail 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, and competing malls), not a count of people.

Stations within 1 km

  • Shenton Way (TE19)166 m · about 32,000 weekday taps
  • Tanjong Pagar (EW15)181 m · about 85,000 weekday taps
  • Prince Edward Road (CC32)466 m · 3,673 weekday taps
  • Downtown (DT17)504 m · about 51,000 weekday taps
  • Telok Ayer (DT18)514 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 Oue Downtown 1. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with about 16,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Prince Edward Rd - She Nton Way Off St (URA)240 m
    S$1.50 per half-hour at midday on a weekday · 84 car lots
  • Mccallum St (URA)291 m
    S$1.20 per half-hour at midday on a weekday · 11 car lots
  • Telok Ayer St (URA)297 m
    S$1.20 per half-hour at midday on a weekday · 49 car lots
  • Backlane (Mccallum St) (URA)302 m
  • Marina View Off St (URA)308 m
    S$1.20 per half-hour at midday on a weekday · 44 car lots

Nearest URA season parking: Blair Road-Everton Roa D Area, 1.3 km away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. Oue Downtown 1's own car park, if it has one, and its charges are not in the open data.

10

How many companies are registered at Oue Downtown 1?

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.

11

Frequently asked questions about Oue Downtown 1

Where is Oue Downtown 1?⌄

Oue Downtown 1 is at Shenton Way, in the Downtown Core planning area.

What is Oue Downtown 1 zoned as?⌄

Oue Downtown 1 sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 13.

Have there been any recorded transactions at Oue Downtown 1?⌄

No caveats have been lodged for Oue Downtown 1 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 Oue Downtown 1?⌄

Shenton Way MRT is the closest, 208 m away (about a 3-minute walk).

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