CommercialDistrict 2 · Downtown Core

Palmer House

Reviewed by Nathan TangUpdated 10 November 2026
Quick Summary

Palmer House is a commercial building in District 2 · Downtown Core. ACRA records 0 live company registrations at this address.

1

What are the key facts about Palmer House?

Key takeawayPalmer House is a commercial building in District 2 · Downtown Core.
Asset class
Commercial
Land-use zone
Not on record
Gross plot ratio
—
Tenure
Not on record
District / Area
District 2 · Downtown Core
Address
—
Land area
—
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 Palmer House

Palmer House is a building in Downtown Core (District 02). It is located along Palmer Road.

It lies inside the Central Area.

The nearest MRT is Prince Edward Road MRT, 150 m away (about a 2-minute walk). The closest bus stop (Shenton Way Ter) is 180 m away (about a 3-minute walk). Icon Village is 486 m away (about a 8-minute walk).

3

What is Palmer House zoned as?

Key takeawayPalmer House sits on land zoned —, inside the Central Area.
Urban design area
Udga
Central Area
Yes

Run the full zoning report for this building →

4

What does space at Palmer House rent for?

Key takeawayNo street- or building-level rent is published here. Across District 2 retail, retail space rented at a median of $8.70 psf a month in 2026Q3, with the middle half of leases between $7.84 and $9.99. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 2 retail

Region band · 2026Q3
25th pct
$7.84
$84.37 psm
Median
$8.70
$93.65 psm
75th pct
$9.99
$107.51 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 2 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 Palmer House

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

What do commercial rents run near Palmer House?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 2 retail

Gross yield (area)
3.8%
3.4% net of property tax
Rent side (median of bands)
$93.65 psm/mo
2026Q3
Price side (strata, 5y)
$2,752 psf
14 sales

An INDICATIVE AREA yield for District 2 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 2 ($ psm/month, 2026Q3)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$92.88$96.94$102.26
Level 1 · 30 & Below$110.68$117.65$134.18
Level 1 · >30 - 100$80.88$88.43$172.22
Level 2 & 3 · >30 - 100$86.12$91.49$91.50
B1 & Below · >30 - 100$247.81$267.74$283.87
Level 4 & Above · >30 - 100$80.14$84.93$88.40
Level 2 & 3 · >100 - 300$82.62$95.80$112.75
Level 1 · >100 - 300$28.40$52.68$96.53

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.

7

What is near Palmer House?

Key takeawayThe nearest MRT/LRT is Tanjong Pagar MRT, about 474 m away.

Getting around

Amenities nearby

Shenton Way Ter · 180 mHealthway Medical Centre (8 Shenton Way) · 311 mTanjong Pagar MRT Exit H · 328 mHotel · 334 mTanjong Pagar Pk · 417 mCold Storage Singapore (1983) Pte Ltd · 482 mIcon Village · 486 mPlace Of Worship · 585 mBlk 6 Tanjong Pagar Plaza · 694 mTanjong Pagar Community Club · 827 m

Straight-line distances. Source: PropKaki amenities data.

8

Getting there and parking at Palmer House

Key takeawayThe nearest station is Prince Edward Road (CC32), 149 m away — a quiet station, with 3,673 taps in and out on an average weekday. 3 public car parks are within 500 m.
Foot traffic: busier than 47% of retail buildings

nearest MRT/LRT Prince Edward Road (CC32) 149 m, about 3,673 taps a weekday; 7 more stations within 1 km; bus stops within 400 m: 5, about 5,166 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 10,000 residents within 1 km (June 2026); 2 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

  • Prince Edward Road (CC32)149 m · 3,673 weekday taps
  • Tanjong Pagar (EW15)328 m · about 85,000 weekday taps
  • Shenton Way (TE19)498 m · about 32,000 weekday taps
  • Marina Bay (NS27 / CC33 / TE20)673 m · about 13,000 weekday taps
  • Marina Bay (NS27 / CE2 / TE20)673 m · 4,571 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 Palmer House. Transfers between lines don't tap, so interchanges read low.

Bus

5 bus stops within 400 m, with 5,166 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Marina View Off St (URA)191 m
    S$1.20 per half-hour at midday on a weekday · 44 car lots
  • Prince Edward Rd - She Nton Way Off St (URA)208 m
    S$1.50 per half-hour at midday on a weekday · 84 car lots
  • Mistri Rd (URA)281 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. Palmer House's own car park, if it has one, and its charges are not in the open data.

9

How many companies are registered at Palmer House?

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.

10

Frequently asked questions about Palmer House

Where is Palmer House?⌄

Palmer House is at Palmer Road, in the Downtown Core planning area.

Have there been any recorded transactions at Palmer House?⌄

No caveats have been lodged for Palmer House 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 Palmer House?⌄

Prince Edward Road MRT is the closest, 150 m away (about a 2-minute walk).

For agents · in the PropKaki app

The facts are here — now get the verdict on Palmer House.

Ask what a unit here would fetch, what the zone allows, or how it compares.

PropKaki
Tell me about Palmer House — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…