Oue Downtown 1 & 2
Oue Downtown 1 & 2 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. It is leasehold with roughly 40 years remaining. ACRA records 1,110 live company registrations at this address.
What are the key facts about Oue Downtown 1 & 2?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 13.0
- Tenure
- Leasehold
- District / Area
- District 1 · Downtown Core
- Address
- —
- Land area
- 8,352 sqm
- Completed
- 1975 (per Wikipedia)
- Storeys
- 50 (per Wikipedia)
- Strata units (MCST)
- 4
- Managing agent
- JONES LANG LASALLE PROPERTY CONSULTANTS PTE LTD
- Strata formed
- 2018 (MCST 4601)
- Owner
- OUE REIT (SGX filings)
- Net lettable area
- 528,694 sq ft (the owner's annual report (as filed on SGX))
- Car-park lots
- 355 (the owner's annual report (as filed on SGX))
- Submarket
- Shenton Way / Tanjong Pagar
- Transactions on record
- None recorded
- Live listings
- None
- ACRA registrations
- 1,110
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 Oue Downtown 1 & 2, and what is it valued at?
- Net lettable area
- 528,694 sq ft
- WALE
- 1.6 years
- Tenants
- 85
- Car-park lots
- 355
- Land tenure
- 99-year lease from 19 July 1967
- Green Mark
- Green Mark Platinum
- Major tenants
- Deloitte & Touche LLP, ITOCHU Singapore, Moody's Analytics Singapore, Toyota Tsusho Asia Pacific
- Announced 10 Sep 2018Alkas Realty Pte. Ltd. sold OUE Downtown for S$908 million (purchase consideration) to DBS Trustee Limited (acting in its capacity as trustee of OUE Commercial Real Estate Investment Trust (OUE C-REIT)).
Source: the owners' own filings on SGX — notices of valuation of real assets, acquisition and divestment announcements, and annual reports. Facts only, each with its date; a valuation is not a sale price, and occupancy and WALE are as of the date shown. Only REITs and SGX-listed companies file these: a building with a private owner shows no owner here.
About Oue Downtown 1 & 2
Oue Downtown 1 & 2 is a commercial building in Downtown Core (District 01). It is located along Shenton Way, Singapore 068809.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 13. It lies inside the Central Area.
The site is leasehold, with about 40 years remaining on the lease. It occupies roughly 8,352 sqm of land with about 116,055 sqm of gross floor area.
1,235 businesses are currently registered at this address with ACRA.
The nearest MRT is Shenton Way MRT, 233 m away (about a 4-minute walk). The closest bus stop (Aft Capital Twr) is 100 m away (about a 2-minute walk). Icon Village is 479 m away (about a 8-minute walk).
What is Oue Downtown 1 & 2 zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 13.0
- Urban design area
- Udga
- Central Area
- Yes
What does space at Oue Downtown 1 & 2 rent for?
Office space on Shenton Way
Street level · 2026Q3S$ per sq ft per month · median +8% 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 Shenton Way
Street level · 2026Q3S$ per sq ft per month · median +16.3% 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 Oue Downtown 1 & 2
- Islandwide: Vacancy 5%
- Islandwide (Grade B): Rent S$8.35 psf/mth
- Shenton Way / Tanjong Pagar: Rent S$11.02 psf/mth · Vacancy 9.6% · Planned / under construction 1.64m 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.
What's been approved at Oue Downtown 1 & 2?
- 6 Nov 2024ApprovedFloor 17Change of use to office
Proposed change of use of #17-XX (oue downtown 2) to office
- 29 Sept 2023ApprovedChange of use: breakfast lounge, resident lounge, meeting area, bar/pub, and executive lounge → restaurant with live entertainment
Proposed change of use of part 7th storey from breakfast lounge, resident lounge, meeting area, bar/pub, and executive lounge to restaurant with live entertainment at dao by dorsett amtd singapore, oue downtown tower 1
- 3 Nov 2021ApprovedChange of use to dining areas
Proposed change of use of part of 7th storey to dining areas (for the restaurant on the 7th storey) at oakwood premier amtd singapore
- 14 Sept 2021ApprovedFloor 17Change of use to commercial school
Proposed change of use of office unit #17-XX to commercial school at oue downtown
- 9 Apr 2020ApprovedAdditions & alterations
Additions and terations to existing hotel from 8th to 18th and 21st to 32nd storeys in tower 1 for 314 hotel rooms on lot 00083n pt ts30 at 6 shenton way
- 7 Nov 2018ApprovedAdditions & alterations
Proposed change of use to existing tower one building (conversion of existing 24 floors of service apartment to hotel) on lot 00083n at ts30 at 6 shenton way (downtown core planning area
- 25 Sept 2017ApprovedAdditions & alterations
Proposed amendment to approved addition and alteration to existing office podium and amendment to approved addition and alteration and change of use to existing tower one building (conversion of existing 24 floors of office spaces to service apartment) with overall facade refurbishment works on lot 00083n at ts30 at 6 shenton way (downtown core planning area)
- 22 Sept 2017Agency worksFloor 5Change of use to office
Lodgment for porposed use of unit #05-XX as office
- 22 Sept 2017Agency worksFloor 3Change of use to restaurant
Lodgment for proposed use of the unit #03-XX as restaurant
- 22 Sept 2017Agency worksFloor 1Change of use to restaurant
Lodgment for proposed use of unit #01-XX & #01-XX as restaurant
- 21 Jun 2017Agency worksFloor 1Change of use to restaurant
Lodgment for porposed use of unit #01-XX as restaurant
- 20 Jun 2017ApprovedChange of use: communal area → bar/pub
Proposed change of use of part of 7th storey from communal area to bar/pub at oue downtown
20 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$54.50 per unit).
How does Shenton Way price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Oue Downtown 1 & 2?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ 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 near Oue Downtown 1 & 2?
Getting around
- Shenton Way MRT233 m · ~4 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Oue Downtown 1 & 2
nearest MRT/LRT Tanjong Pagar (EW15) 166 m, about 85,000 taps a weekday; 10 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 16,000 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)166 m · about 85,000 weekday taps
- Shenton Way (TE19)196 m · about 32,000 weekday taps
- Prince Edward Road (CC32)430 m · 3,673 weekday taps
- Downtown (DT17)534 m · about 51,000 weekday taps
- Telok Ayer (DT18)546 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 & 2. 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
- Prince Edward Rd - She Nton Way Off St (URA)207 mS$1.50 per half-hour at midday on a weekday · 84 car lots
- Marina View Off St (URA)285 mS$1.20 per half-hour at midday on a weekday · 44 car lots
- Mccallum St (URA)314 mS$1.20 per half-hour at midday on a weekday · 11 car lots
- Telok Ayer St (URA)315 mS$1.20 per half-hour at midday on a weekday · 49 car lots
- Backlane (Mccallum St) (URA)325 m
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 & 2's own car park, if it has one, and its charges are not in the open data.
Who's registered at Oue Downtown 1 & 2?
- Financial and insurance491
- Professional, scientific and technical services223
- Wholesale and retail trade133
- Information and communications104
- Transportation and storage65
- Health and social services25
- Administrative and support services21
- Manufacturing16
- Other services11
- Education8
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. Homes share this postal code, so some registrations are home-based. ACRA, as of 2026-09-16.
What is Oue Downtown 1 & 2's BCA building profile?
- BCA building type
- Office
- Green Mark
- Certified (2017)
- Energy use intensity
- 181 kWh/m²·yr
Frequently asked questions about Oue Downtown 1 & 2
Where is Oue Downtown 1 & 2?⌄
Oue Downtown 1 & 2 is at Shenton Way, Singapore 068809, in the Downtown Core planning area.
What is Oue Downtown 1 & 2 zoned as?⌄
Oue Downtown 1 & 2 sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 13.
What is the tenure of Oue Downtown 1 & 2?⌄
Oue Downtown 1 & 2 is leasehold. About 40 years remain on the lease.
Have there been any recorded transactions at Oue Downtown 1 & 2?⌄
No caveats have been lodged for Oue Downtown 1 & 2 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 & 2?⌄
Shenton Way MRT is the closest, 233 m away (about a 4-minute walk).
How many businesses are registered at Oue Downtown 1 & 2?⌄
1,235 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 Oue Downtown 1 & 2.
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.
This development is also registered as the residential project Oakwood Premier OUE.