CommercialCOMMERCIALLeaseholdDistrict 15 · Marine Parade

Parkway Centre

Reviewed by Nathan TangUpdated 8 November 2026Data through Sept 2026

Quick Summary

Parkway Centre is a commercial building in District 15 · Marine Parade, on land zoned COMMERCIAL under the URA Master Plan. It is leasehold with roughly 54 years remaining. 69 transactions are on record since 1995, at a median S$1,457 psf, most recently in Sept 2026. 28 units are currently listed for sale or rent. ACRA records 97 live company registrations at this address.

The facts are here — now get the verdict on Parkway Centre.

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What are the key facts about Parkway Centre?

Key takeawayParkway Centre is a commercial building in District 15 · Marine Parade, zoned COMMERCIAL, held leasehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: Subject to Evaluation
Tenure: Leasehold
District / Area: District 15 · Marine Parade
Address: 1 Marine Parade Central
Land area: 1,734 sqm
Completed: Not on record
Storeys: 14 (© OpenStreetMap contributors)
Strata units (MCST): 110
Managing agent: KNIGHT FRANK PROPERTY & FACILITIES MANAGEMENT PTE. LTD.
Strata formed: 1998 (MCST 2255)
Submarket: City Fringe
Units with a recorded sale: At least 42
Listed as: Office, Other Retail, Shop / Shophouse
Transactions on record: 69 (records start 1995)
Live listings: 28
ACRA registrations: 97

About Parkway Centre

Parkway Centre is a commercial building in Marine Parade (District 15). It is located along Marine Parade Central, Singapore 449408.

Under the URA Master Plan it sits on land zoned commercial.

The site is leasehold, with about 54 years remaining on the lease. It occupies roughly 1,734 sqm of land.

68 transactions have been recorded here, at a median of S$1,454 psf. The most recent was in July 2026.

114 businesses are currently registered at this address with ACRA.

The nearest MRT is Marine Parade MRT, 138 m away (about a 2-minute walk). The closest bus stop (Marine Pde Stn/Parkway Pde) is 124 m away (about a 2-minute walk).

What is Parkway Centre zoned as?

Key takeawayParkway Centre sits on land zoned COMMERCIAL.

Land-use zone: COMMERCIAL
Gross plot ratio: Subject to Evaluation

URA has not published a fixed plot ratio for this site — the Master Plan records "EVA" (Subject to Evaluation), meaning intensity is decided case by case on application. Do not quote a plot ratio, and do not compute buildable GFA from it.

BCA-verified envelope: built 9,642 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 has Parkway Centre sold for?

Key takeawayAcross 69 recorded transactions since 1995, the median price is about S$1.49M, most recently in Sept 2026.

Date	Use	Price	Area	PSF
Sept 2026	Office	S$1.46M	829 sqft	$1,762
Jul 2026	Office	S$2.11M	1,184 sqft	$1,780
Jun 2025	Office	S$1.20M	732 sqft	$1,639
Sept 2024	Retail	S$4.50M	1,087 sqft	$4,139
Jul 2024	Retail	S$1.88M	1,130 sqft	$1,660
Jul 2024	Retail	S$7.09M	4,273 sqft	$1,660
Jul 2024	Retail	S$2.25M	1,356 sqft	$1,660
Apr 2024	Retail	S$1.86M	1,098 sqft	$1,694
Oct 2023	Office	S$1.49M	829 sqft	$1,795
Oct 2020	Office	S$1.20M	829 sqft	$1,450

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter

What does space at Parkway Centre rent for?

Key takeawayNo rent is published for Parkway Centre itself. On its street, Marine Parade Central, office space rented at a median of $5.43 psf a month in 2026Q2. That is not this building's own rent, and never a quote for a particular unit.

Office space on Marine Parade Central

Street level · 2026Q2

25th pct

—

— psm

Median

$5.43

$58.43 psm

75th pct

—

— psm

S$ per sq ft per month (median only published)

2021Q2 · $43.06 psm2026Q2 · $58.43 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 Marine Parade Central

Street level · 2026Q3

25th pct

$5.80

$62.43 psm

Median

$11.36

$122.25 psm

75th pct

$18.79

$202.28 psm

S$ per sq ft per month

2023Q2 · $53.81 psm2026Q3 · $122.25 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 15 retail

Region band · 2026Q3

25th pct

$7.55

$81.29 psm

Median

$9.14

$98.41 psm

75th pct

$14.01

$150.81 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 15 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 Parkway Centre

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.

How fast units move at Parkway Centre

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 11 units for rent; 17 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 2 new listings appeared and 1 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 1 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

What's been approved at Parkway Centre?

Key takeawayURA has approved 86 changes of use at Parkway Centre since 2000, most recently in 2026. 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.

24 Jun 2026ApprovedFloor 10
Change of use to commercial school
Proposed change of use of office unit #10-XX to commercial school
4 Jun 2026ApprovedFloor 3
Change of use to gym / fitness centre
Proposed change of use of unit #03-XX to gym / fitness centre at parkway centre
11 May 2026ApprovedFloor 13
Change of use to commercial school
Proposed change of use of unit #13-XX to commercial school
28 Nov 2025ApprovedFloor 6
Change of use to podiatry clinic
Proposed change of use of unit #06-XX to podiatry clinic
28 Oct 2025ApprovedFloor 8
Change of use to commercial school
Proposed change of use of unit #08-XX parkway centre to commercial school
24 Sept 2025ApprovedFloor 12
Change of use to commercial school
Proposed change of use of unit #12-XX of parkway centre to commercial school
6 Jun 2025ApprovedFloor 7
Change of use to physiotherapy clinic
Proposed change of use of unit #07-XX of parkway centre to physiotherapy clinic
13 May 2025ApprovedFloor 13
Change of use to commercial school
Proposed change of use of unit #13-XX of parkway centre to commercial school
17 Feb 2025ApprovedFloor 7
Change of use to podiatry clinic
Proposed change of use of unit #07-XX of parkway centre to podiatry clinic
23 Sept 2024ApprovedFloor 7
Change of use to commercial school
Proposed change of use of unit #07-XX parkway centre to commercial school
12 Sept 2024ApprovedFloor 4
Change of use to medical clinic
Proposed change of use of unit #04-XX of parkway centre to medical clinic
21 Aug 2024ApprovedFloor 2
Change of use to shop
Proposed change of use of unit #02-XX of parkway centre to shop

80 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 Marine Parade Central price?

Strata sales on the street (5y)

Too few strata sales on this street to support a median — the count is shown without one.

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

What do commercial rents run near Parkway Centre?

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

Indicative area yield — District 15 retail

Gross yield (area)

3.7%

3.3% net of property tax

Rent side (median of bands)

$98.41 psm/mo

2026Q3

Price side (strata, 5y)

$2,956 psf

85 sales

An INDICATIVE AREA yield for District 15 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 15 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
B1 & Below · 30 & Below	$121.08	$139.73	$241.82
Level 1 · 30 & Below	$69.23	$85.38	$86.21
Level 2 & 3 · 30 & Below	$47.87	$67.50	$87.18
Level 1 · >30 - 100	$73.94	$87.91	$101.01
Level 2 & 3 · >30 - 100	$57.08	$76.47	$184.13
B1 & Below · >30 - 100	$88.64	$163.41	$259.82
Level 2 & 3 · >100 - 300	$93.30	$107.29	$126.41
Level 1 · >100 - 300	$69.67	$89.53	$113.56

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 available at Parkway Centre right now?

Key takeaway28 units are currently listed at Parkway Centre — 17 for sale and 11 for rent. One row per unit; several agents often market the same unit.

For sale (17)

Parkway Centre2 agentsS$2.00M · 1,130 sqft
Parkway CentreS$1.53M · 829 sqft
Parkway CentreS$2.10M · 1,042 sqft
Parkway CentreS$2.20M · 1,130 sqft

For rent (11)

Parkway Centre2 agentsS$8k/mo · 1,356 sqft
Parkway CentreS$6k/mo · 1,033 sqft
Parkway Centre2 agentsS$7k/mo · 1,184 sqft
Parkway CentreS$7k/mo · 1,184 sqft

Browse every listing at this building →

What is near Parkway Centre?

Key takeawayThe nearest MRT/LRT is Marine Parade MRT, about 138 m away — and 3 competing retail premisess operate nearby.

Getting around

Marine Parade MRT138 m · ~2 min

Amenities nearby

Healthway Medical · 0 mMarine Parade MRT Exit 1 · 25 mPlace Of Worship · 113 mMarine Pde Stn/Parkway Pde · 124 mHotel · 168 mMarine Parade Polyclinic · 205 mMarine Parade Rd Pk · 404 mMarine Parade Community Club · 496 mEducational Institution · 580 mParkway East Hospital · 1.5 km

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

Blk 84 Marine Parade Central · 60 mParkway Parade · 121 mCold Storage Singapore (1983) Pte Ltd · 121 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Parkway Centre

Key takeawayThe nearest station is Marine Parade (TE26), 24 m away — a moderately busy station, with about 23,000 taps in and out on an average weekday. 12 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 39% of retail buildings

nearest MRT/LRT Marine Parade (TE26) 24 m, about 23,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 6, about 24,000 taps a weekday; Marine Parade: 12,786 resident workers (Census 2020, by workplace); about 32,000 residents within 1 km (June 2026); 3 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

Marine Parade (TE26)24 m · about 23,000 weekday taps
Marine Terrace (TE27)917 m · about 13,000 weekday taps
Tanjong Katong (TE25)939 m · 6,135 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 Parkway Centre. Transfers between lines don't tap, so interchanges read low.

Bus

6 bus stops within 400 m, with about 24,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 84 To 86 Marine Parade Road (HDB)60 m
S$0.60 per half-hour at midday on a weekday · 22 car lots
Blk 86 Marine Parade Road (HDB)65 m
S$0.60 per half-hour at midday on a weekday
Blk 89 Marine Parade Central (HDB)80 m
S$0.60 per half-hour at midday on a weekday · gantry 1.9 m · 511 car lots
Blk 83/87 Marine Parade Road (HDB)88 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 23 car lots
Blk 81/82 Marine Parade Road (HDB)129 m
S$0.60 per half-hour at midday on a weekday · 38 car lots

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

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

Who's registered at Parkway Centre?

Key takeaway97 live companies (and LLPs and branches; sole proprietors are not counted) list Parkway Centre as their registered address. These are registered businesses, not who occupies the space.

Education
51
Health and social services
12
Financial and insurance
11
Wholesale and retail trade
6
Professional, scientific and technical services
5
Other services
5
Arts, entertainment and recreation
3
Administrative and support services
2
Information and communications
2
Transportation and storage
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. 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 Parkway Centre's BCA building profile?

BCA building type: Private School
Green Mark: NA (NA)
Energy use intensity: 198 kWh/m²·yr

Frequently asked questions about Parkway Centre

Where is Parkway Centre?⌄

Parkway Centre is at 1 Marine Parade Central, Singapore 449408, in the Marine Parade planning area.

What is Parkway Centre zoned as?⌄

Parkway Centre sits on land zoned commercial under the URA Master Plan.

What is the tenure of Parkway Centre?⌄

Parkway Centre is leasehold. About 54 years remain on the lease.

What have units at Parkway Centre sold for?⌄

Across 68 recorded transactions, the median price is S$1,454 psf. The latest was in July 2026.

What is the nearest MRT station to Parkway Centre?⌄

Marine Parade MRT is the closest, 138 m away (about a 2-minute walk).

How many businesses are registered at Parkway Centre?⌄

114 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.

For agents · in the PropKaki app

The facts are here — now get the verdict on Parkway Centre.

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Read the figures right

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

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

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.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

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.

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 BCA's MCST register, PropKaki's submarket map, URA planning decisions, HDB car park information (data.gov.sg), 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.

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.