CommercialDistrict 2 · Downtown Core

Palmer House

Reviewed by Nathan TangUpdated 10 August 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
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 Tanjong Pagar MRT, 474 m away (about a 7-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 do commercial rents run near Palmer House?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 2 retail

Gross yield (area)
4.0%
3.6% net of property tax
Rent side (median of bands)
$98.21 psm/mo
2026Q2
Price side (strata, 5y)
$2,762 psf
13 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, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$117.18$135.69$145.64
Level 4 & Above · 30 & Below$133.48$175.00$176.97
Level 2 & 3 · 30 & Below$88.69$92.35$103.79
B1 & Below · >30 - 100$182.74$186.04$189.76
Level 1 · >30 - 100$92.17$98.21$149.16
Level 2 & 3 · >30 - 100$83.42$86.12$95.80
Level 1 · >100 - 300$32.29$69.32$110.19

Office rents — Central Area ($ psm/month, 2026Q2)

Building class · size band25th pctMedian75th pct
Category 1 · 100 & Below$91.40$96.39$119.48
Category 2 · 100 & Below$57.98$71.59$86.82
Category 1 · >100 - 200$113.24$120.54$144.36
Category 2 · >100 - 200$59.40$77.88$96.88
Category 2 · >200 - 500$69.97$89.34$97.94
Category 1 · >200 - 500$112.64$129.70$148.82
Category 1 · >500 - 1000$119.97$136.70$147.13
Category 2 · >500 - 1000$55.42$82.91$92.66

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.

5

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.

6

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.

7

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?

Tanjong Pagar MRT is the closest, 474 m away (about a 7-minute walk).

For agents · in the PropKaki app

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