Commercial999-year leaseholdDistrict 7 · Rochor

Peony Mansion

Reviewed by Nathan TangUpdated 8 November 2026Data through Jun 2006
Quick Summary

Peony Mansion is a commercial building in District 7 · Rochor. It is 999-year leasehold. 1 transaction is on record since 1995, most recently in Jun 2006. ACRA records 0 live company registrations at this address.

1

What are the key facts about Peony Mansion?

Key takeawayPeony Mansion is a commercial building in District 7 · Rochor, held 999-year leasehold.
Asset class
Commercial
Land-use zone
Not on record
Gross plot ratio
—
Tenure
999-year leasehold
District / Area
District 7 · Rochor
Address
50,52 Bencoolen Street
Land area
—
Completed
Not on record
Storeys
Not on record
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
0
2

About Peony Mansion

Peony Mansion is a mixed-use building in Rochor (District 07). It is located along Bencoolen Street, Singapore 189628.

The site is 999-year leasehold, with about 803 years remaining on the lease.

1 transaction has been recorded here, at a median of S$1,146 psf. The most recent was in June 2006.

3

What has Peony Mansion sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jun 2006 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jun 2006Shop HouseS$1.90M1,658 sqft$1,146

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

4

What does space at Peony Mansion rent for?

Key takeawayNo rent is published for Peony Mansion itself. On its street, Bencoolen Street, retail space rented at a median of $9.56 psf a month in 2026Q3, with the middle half of leases between $8.92 and $12.65. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Bencoolen Street

Street level · 2026Q3
25th pct
$8.92
$95.99 psm
Median
$9.56
$102.94 psm
75th pct
$12.65
$136.15 psm

S$ per sq ft per month · median -13.1% on a year earlier

2023Q4 · $91.67 psm2026Q3 · $102.94 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).

Office space on Bencoolen Street

Street level · 2026Q3
25th pct
$5.28
$56.86 psm
Median
$5.72
$61.54 psm
75th pct
$6.48
$69.76 psm

S$ per sq ft per month · median +4.7% on a year earlier

2023Q4 · $64.46 psm2026Q3 · $61.54 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 — 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).

5

Market context around Peony Mansion

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's been approved at Peony Mansion?

Key takeawayURA has approved 1 change of use at Peony Mansion since 2000, most recently in 2002. 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.
  1. 12 Feb 2009Renewed
    Continued use as eating house

    Continued use of the two 1st storey shops as eating house

  2. 3 Jan 2006Renewed
    Continued use as eating house

    Continued use of the two 1st sty shops as eating house

  3. 16 Dec 2002Approved
    Change of use to eating house -50 & 52 bencoolen street

    Change of use of two 1st storey shop to eating house -50 & 52 bencoolen street

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).

7

How does Bencoolen Street price?

Key takeawayAcross 60 strata sales on Bencoolen Street in the last 5 years, the median is $1,799 psf.
Strata sales on the street (5y)
60
Street median PSF (strata)
$1,799

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

8

What do commercial rents run near Peony Mansion?

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 band25th pctMedian75th 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

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.

9

How many companies are registered at Peony Mansion?

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 Peony Mansion

Where is Peony Mansion?⌄

Peony Mansion is at 50,52 Bencoolen Street, Singapore 189628, in the Rochor planning area.

What is the tenure of Peony Mansion?⌄

Peony Mansion is 999-year leasehold. About 803 years remain on the lease.

What have units at Peony Mansion sold for?⌄

Across 1 recorded transaction, the median price is S$1,146 psf. The latest was in June 2006.

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This development is also registered as the residential project Peony Mansion.