CommercialCOMMERCIALDistrict 7 · Downtown Core

Parco Bugis Junction

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

Parco Bugis Junction is a commercial building in District 7 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 4.5. ACRA records 17 live company registrations at this address.

The facts are here — now get the verdict on Parco Bugis Junction.

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What are the key facts about Parco Bugis Junction?

Key takeawayParco Bugis Junction is a commercial building in District 7 · Downtown Core, zoned COMMERCIAL.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 4.5
Tenure: Not on record
District / Area: District 7 · Downtown Core
Address: —
Land area: 25,704 sqm
Completed: Not on record
Storeys: 15 (© OpenStreetMap contributors)
Owner: CapitaLand Integrated Commercial Trust (SGX filings)
Net lettable area: 392,800 sq ft (the owner's annual report (as filed on SGX))
Car-park lots: 648 (the owner's annual report (as filed on SGX))
Submarket: City Hall / Bugis
Transactions on record: None recorded
Live listings: None
ACRA registrations: 17

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 Parco Bugis Junction, and what is it valued at?

Key takeawayParco Bugis Junction is owned by CapitaLand Integrated Commercial Trust, a REIT listed on SGX. The figures below come from its own SGX filings, each with its date. A valuation is an independent valuer's opinion for the owner's accounts, not a sale price.

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 Parco Bugis Junction

Parco Bugis Junction is a commercial building in Downtown Core (District 07). It is located along Victoria Street, Singapore 188021.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 4.5. It lies inside the Central Area.

It occupies roughly 25,704 sqm of land with about 119,107 sqm of gross floor area.

25 businesses are currently registered at this address with ACRA.

The nearest MRT is Bugis MRT, 163 m away (about a 2-minute walk). The closest bus stop (Aft Bugis Stn Exit C) is 76 m away (about a 1-minute walk). Bugis Junction is 13 m away (about a 0-minute walk).

What is Parco Bugis Junction zoned as?

Key takeawayParco Bugis Junction sits on land zoned COMMERCIAL with a gross plot ratio of 4.5, inside the Central Area.

Land-use zone: COMMERCIAL
Gross plot ratio: 4.5
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What does space at Parco Bugis Junction rent for?

Key takeawayNo rent is published for Parco Bugis Junction itself. On its street, Victoria Street, office space rented at a median of $9.01 psf a month in 2026Q3, with the middle half of leases between $8.41 and $10.00. That is not this building's own rent, and never a quote for a particular unit.

Office space on Victoria Street

Street level · 2026Q3

25th pct

$8.41

$90.56 psm

Median

$9.01

$97.00 psm

75th pct

$10.00

$107.64 psm

S$ per sq ft per month · median +38.3% on a year earlier

2023Q2 · $99.56 psm2026Q3 · $97.00 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 Victoria Street

Street level · 2026Q3

25th pct

$15.86

$170.73 psm

Median

$20.66

$222.40 psm

75th pct

$29.96

$322.49 psm

S$ per sq ft per month · median +6.5% on a year earlier

2023Q4 · $212.47 psm2026Q3 · $222.40 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 7 retail

Region band · 2026Q3

25th pct

$7.09

$76.30 psm

Median

$9.31

$100.25 psm

75th pct

$13.31

$143.24 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 7 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 Parco Bugis Junction

Key takeawayBrokers' retail figures for this part of Singapore — 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

Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m 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.

What's been approved at Parco Bugis Junction?

Key takeawayURA has approved 30 changes of use at Parco Bugis Junction since 2000, most recently in 2025. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

18 Nov 2025ApprovedFloor 3
Change of use: shop → amusement centre with ancillary shop
Proposed change of use of units #03-XX and #03-XX from shop to amusement centre with ancillary shop at bugis junction shopping centre
27 May 2025Approved
Additions & alterations
Proposed addition and alteration works at 2nd storey to the existing bugis junction shopping centre
8 Apr 2025Approved
Additions & alterations
Proposed additions and alterations at 1st storey to the existing bugis junction shopping centre
23 Aug 2024RenewedFloor 3
Continued use as massage establishment
Continued use of shop unit #03-XX as massage establishment
22 Jun 2024ApprovedFloor 2
Change of use to medical clinic
Proposed change of use of unit #02-XX to medical clinic at existing bugis junction shopping centre on lot 01015c ts 13 at 200 & 230 victoria street (downtown core planning area)
6 Feb 2024ApprovedFloor 1
Additions & alterations
Proposed additions and alterations involving internal works to 1st storey for units #01-XX, #01-XX and #01-XX at existing bugis junction shopping centre
18 Sept 2023RenewedFloor 3
Continued use as amusement centre
Continued use of #03-XX as amusement centre at bugis junction
10 Apr 2023ApprovedFloor 1
Additions & alterations
Proposed additions and alterations involving internal works to 1st storey and change of use for unit #01-XX from shop to cafe on 1st storey at existing bugis junction shopping centre
13 Jan 2023Agency worksFloor 4
Change of use to commercial school
Lodgment for proposed use of units #04-XX and #04-XX as commercial school
7 Sept 2022ApprovedFloor B1
Change of use to restaurant on basement 1
Proposed change of use of part of unit #B1-XX to restaurant on basement 1 at existing bugis junction shopping centre on lot 01015c ts 13 at 200 & 230 victoria street
6 Jun 2022Approved
Additions & alterations
Proposed amendment to the approved additions and alterations to the 3rd storey of the existing bugis junction shopping centre
20 May 2022Approved
Additions & alterations
Proposed additions and alterations on basement 2 at existing bugis junction shopping centre

52 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 Victoria Street price?

Key takeawayAcross 17 strata sales on Victoria Street in the last 5 years, the median is $2,271 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$2,271

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

What do commercial rents run near Parco Bugis Junction?

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

Indicative area yield — District 7 retail

Gross yield (area)

4.8%

4.3% net of property tax

Rent side (median of bands)

$100.25 psm/mo

2026Q3

Price side (strata, 5y)

$2,348 psf

241 sales

An INDICATIVE AREA yield for District 7 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 7 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 1 · 30 & Below	$93.33	$113.33	$165.94
Level 4 & Above · 30 & Below	$69.42	$79.17	$140.05
B1 & Below · 30 & Below	$94.66	$392.16	$721.70
Level 2 & 3 · 30 & Below	$71.79	$88.95	$100.36
Level 1 · >30 - 100	$84.41	$129.03	$192.55
Level 2 & 3 · >30 - 100	$53.85	$86.57	$113.16
B1 & Below · >30 - 100	$71.03	$80.88	$146.17
Level 4 & Above · >30 - 100	$47.06	$59.43	$68.42

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 Parco Bugis Junction?

Key takeawayThe nearest MRT/LRT is Bugis MRT, about 163 m away.

Getting around

Bugis MRT163 m · ~3 min

Amenities nearby

Bugis Junction · 13 mAft Bugis Stn Exit C · 76 mCold Storage Singapore (1983) Pte Ltd · 103 mBugis MRT Exit C · 112 mDTAP @ Duo Medical Clinic · 197 mEducational Institution · 219 mPlace Of Worship · 224 mHotel · 232 mAlbert Centre Market & Food Centre · 277 mRaffles Hospital · 326 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Parco Bugis Junction

Key takeawayThe nearest station is Bugis (EW12 / DT14), 112 m away — one of the busiest stations, with about 109,000 taps in and out on an average weekday. 21 public car parks are within 500 m.

Foot traffic: busier than 97% of retail buildings

nearest MRT/LRT Bugis (EW12/DT14) 112 m, about 109,000 taps a weekday; 9 more stations within 1 km; bus stops within 400 m: 21, about 41,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 15,000 residents within 1 km (June 2026); 8 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

Bugis (EW12 / DT14)112 m · about 109,000 weekday taps
Bencoolen (DT21)516 m · about 20,000 weekday taps
Bras Basah (CC2)521 m · about 10,000 weekday taps
Esplanade (CC3)580 m · about 15,000 weekday taps
Rochor (DT13)598 m · about 22,000 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 Parco Bugis Junction. Transfers between lines don't tap, so interchanges read low.

Bus

21 bus stops within 400 m, with about 41,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Liang Seah St (URA)142 m
S$1.20 per half-hour at midday on a weekday · 45 car lots
Cheng Yan Place (URA)150 m
S$1.20 per half-hour at midday on a weekday · 4 car lots
Bugis+ (development car park)170 m
rates not published as open data
Manila St (URA)171 m
S$1.20 per half-hour at midday on a weekday · 6 car lots
North Bridge Rd Off St (URA)201 m
S$0.75 per half-hour at midday on a weekday · 92 car lots

Nearest URA season parking: Kampong Glam Area, 639 m away, S$125/month.

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

Who's registered at Parco Bugis Junction?

Key takeaway17 live companies (and LLPs and branches; sole proprietors are not counted) list Parco Bugis Junction as their registered address. These are registered businesses, not who occupies the space.

Accommodation and food services
8
Wholesale and retail trade
3
Other services
3
Information and communications
1
Manufacturing
1
Construction
1
Financial and insurance
0
Professional, scientific and technical services
0
Administrative and support services
0

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. ACRA, as of 2026-09-16.

Frequently asked questions about Parco Bugis Junction

Where is Parco Bugis Junction?⌄

Parco Bugis Junction is at Victoria Street, Singapore 188021, in the Downtown Core planning area.

What is Parco Bugis Junction zoned as?⌄

Parco Bugis Junction sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.5.

Have there been any recorded transactions at Parco Bugis Junction?⌄

No caveats have been lodged for Parco Bugis Junction 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 Parco Bugis Junction?⌄

Bugis MRT is the closest, 163 m away (about a 2-minute walk).

How many businesses are registered at Parco Bugis Junction?⌄

25 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

Year of completion is not on record for this building. Building age cannot be stated.

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.

Owner: the REIT or SGX-listed company whose latest valuation notice or annual report lists this building (a later divestment removes it). '(N% interest)' or '(part of the strata)' when it holds less than the whole. A building with no listed owner shows none — a private owner is never named.

Net lettable area: as the owner's latest annual report prints it (sq m converted to sq ft where needed).

Car-park lots: as the owner's latest annual report prints them.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Tenure is not recorded for this building. Commercial tenure coverage is roughly 40% (industrial is far better at ~90%).

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

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 PropKaki's submarket map, URA planning decisions, the owner's SGX filings, the owner's annual report (as filed on SGX), URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Owners, valuations and deals: the owners' own filings on SGX (notices of valuation of real assets, acquisition and divestment announcements, annual reports), facts only, each with its date.

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.