CommercialCOMMERCIALLeaseholdDistrict 1 · Downtown Core

Oxley @ Raffles

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

Oxley @ Raffles 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. It is leasehold with roughly 62 years remaining. ACRA records 127 live company registrations at this address.

The facts are here — now get the verdict on Oxley @ Raffles.

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What are the key facts about Oxley @ Raffles?

Key takeawayOxley @ Raffles is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL, held leasehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 15.0
Tenure: Leasehold
District / Area: District 1 · Downtown Core
Address: —
Land area: 2,778 sqm
Completed: 1993 (per Wikipedia)
Storeys: 33 (per Wikipedia)
Submarket: Raffles Place
Transactions on record: None recorded
Live listings: None
ACRA registrations: 127

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 Oxley @ Raffles

Oxley @ Raffles is a commercial building in Downtown Core (District 01). It is located along Raffles Place, Singapore 048622.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 15. It lies inside the Central Area.

The site is leasehold, with about 62 years remaining on the lease. It occupies roughly 2,778 sqm of land with about 40,391 sqm of gross floor area.

124 businesses are currently registered at this address with ACRA.

The nearest MRT is Raffles Place MRT, 59 m away (about a 1-minute walk). The closest bus stop (OUE Bayfront) is 125 m away (about a 2-minute walk). One Raffles Place is 105 m away (about a 2-minute walk).

What is Oxley @ Raffles zoned as?

Key takeawayOxley @ Raffles 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 41,670 sqm · built 37,129 sqm · headroom 4,541 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 Oxley @ Raffles rent for?

Key takeawayNo rent is published for Oxley @ Raffles itself. On its street, Raffles Place, office space rented at a median of $11.60 psf a month in 2026Q3, with the middle half of leases between $11.00 and $12.20. That is not this building's own rent, and never a quote for a particular unit.

Office space on Raffles Place

Street level · 2026Q3

25th pct

$11.00

$118.40 psm

Median

$11.60

$124.87 psm

75th pct

$12.20

$131.33 psm

S$ per sq ft per month · median +7.4% on a year earlier

2023Q4 · $116.78 psm2026Q3 · $124.87 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 Raffles Place

Street level · 2026Q3

25th pct

$12.24

$131.70 psm

Median

$20.21

$217.57 psm

75th pct

$34.88

$375.40 psm

S$ per sq ft per month · median +8.7% on a year earlier

2023Q4 · $230.33 psm2026Q3 · $217.57 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 Oxley @ Raffles

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

CBRE, 2Q 2026

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%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Raffles Place: Rent S$11.54 psf/mth · Vacancy 4.5% · Planned / under construction 0.36m 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 do commercial rents run near Oxley @ Raffles?

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 Oxley @ Raffles?

Key takeawayThe nearest MRT/LRT is Raffles Place MRT, about 59 m away.

Getting around

Raffles Place MRT59 m · ~1 min

Amenities nearby

Drs Thompson & Thomson Radlink Medicare · 32 mRaffles Place MRT Exit A · 62 mRaffles Place Pk · 82 mOne Raffles Place · 105 mOUE Bayfront · 125 mHotel · 162 mMarket Street Hawker Centre · 222 mPlace Of Worship · 261 mAl Marche Pte Ltd · 383 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Oxley @ Raffles

Key takeawayThe nearest station is Raffles Place (EW14 / NS26), 58 m away — one of the busiest stations, with about 133,000 taps in and out on an average weekday. 8 public car parks are within 500 m.

Foot traffic: busier than 88% of office buildings

nearest MRT/LRT Raffles Place (EW14/NS26) 58 m, about 133,000 taps a weekday; 12 more stations within 1 km; bus stops within 400 m: 7, about 17,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 7,371 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)58 m · about 133,000 weekday taps
Telok Ayer (DT18)402 m · about 37,000 weekday taps
Downtown (DT17)486 m · about 51,000 weekday taps
Chinatown (NE4 / DT19)726 m · about 97,000 weekday taps
Clarke Quay (NE5)727 m · about 31,000 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 Oxley @ Raffles. Transfers between lines don't tap, so interchanges read low.

Bus

7 bus stops within 400 m, with about 17,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Backlane (Cecil St - M Arket St) (URA)221 m
Backlane (Synagogue St - Church St) (URA)322 m
Backlane (Lor Telok - Circular Rd) (URA)391 m
Circular Rd (URA)407 m
S$1.20 per half-hour at midday on a weekday · 34 car lots
Backlane (Synagogue St ) (URA)429 m

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.6 km away, S$80/month.

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

Who's registered at Oxley @ Raffles?

Key takeaway127 live companies (and LLPs and branches; sole proprietors are not counted) list Oxley @ Raffles as their registered address. These are registered businesses, not who occupies the space.

Transportation and storage
27
Financial and insurance
26
Professional, scientific and technical services
16
Accommodation and food services
15
Wholesale and retail trade
13
Information and communications
12
Administrative and support services
9
Other services
7
Manufacturing
1
Health and social services
1

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. Most registrations here are dead: this is a registered-office address (corporate secretaries), so the count says nothing about how busy the building is. ACRA, as of 2026-09-16.

What is Oxley @ Raffles's BCA building profile?

BCA building type: Office
Green Mark: NA (NA)
Energy use intensity: 223 kWh/m²·yr

Frequently asked questions about Oxley @ Raffles

Where is Oxley @ Raffles?⌄

Oxley @ Raffles is at Raffles Place, Singapore 048622, in the Downtown Core planning area.

What is Oxley @ Raffles zoned as?⌄

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

What is the tenure of Oxley @ Raffles?⌄

Oxley @ Raffles is leasehold. About 62 years remain on the lease.

Have there been any recorded transactions at Oxley @ Raffles?⌄

No caveats have been lodged for Oxley @ Raffles 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 Oxley @ Raffles?⌄

Raffles Place MRT is the closest, 59 m away (about a 1-minute walk).

How many businesses are registered at Oxley @ Raffles?⌄

124 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

Completion year: as Wikipedia states it, not checked against an official record. Sales records start in 1995, which says nothing about when a building was built.

Storeys: Wikipedia's floor count, not checked against an official record.

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.

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 Wikipedia, PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), 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.