CommercialCOMMERCIALLeaseholdDistrict 1 · Downtown Core

Pil Building

Reviewed by Nathan TangUpdated 10 August 2026Data through Jan 2022
Quick Summary

Pil Building is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 11.2. It is leasehold with roughly 50 years remaining. 1 transaction is on record since 1995, most recently in Jan 2022. 1 unit is currently listed for sale. ACRA records 2 live company registrations at this address.

1

What are the key facts about Pil Building?

Key takeawayPil Building is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL, held leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
11.2
Tenure
Leasehold
District / Area
District 1 · Downtown Core
Address
140 Cecil Street
Land area
Transactions on record
1 (records start 1995)
Live listings
1
ACRA registrations
2
2

About Pil Building

Pil Building is a commercial building in Downtown Core (District 01). It is located along Cecil Street, Singapore 069540.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 11.2. It lies inside the Central Area.

The site is leasehold, with about 50 years remaining on the lease.

1 transaction has been recorded here, at a median of S$16,575 psf. The most recent was in January 2022.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Telok Ayer MRT, 178 m away (about a 3-minute walk). The closest bus stop (80 Robinson Rd) is 116 m away (about a 2-minute walk). Cross Street Exchange is 388 m away (about a 6-minute walk).

3

What is Pil Building zoned as?

Key takeawayPil Building sits on land zoned COMMERCIAL with a gross plot ratio of 11.2, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
11.2
Urban design area
Udga
Central Area
Yes
BCA-verified envelope: built 12,656 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 →

4

What has Pil Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jan 2022 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jan 2022OfficeS$323.80M19,536 sqft$16,575

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.

5

How does Cecil Street price?

Key takeawayAcross 112 strata sales on Cecil Street in the last 5 years, the median is $3,451 psf.
Strata sales on the street (5y)
112
Street median PSF (strata)
$3,451

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

6

What do commercial rents run near Pil Building?

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

Indicative area yield — District 1 retail

Gross yield (area)
4.0%
3.6% net of property tax
Rent side (median of bands)
$128.98 psm/mo
2026Q2
Price side (strata, 5y)
$3,561 psf
90 sales

An INDICATIVE AREA yield for District 1 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 1 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$86.02$123.08$167.78
B1 & Below · 30 & Below$69.95$306.07$392.13
Level 1 · 30 & Below$142.92$214.69$372.85
Level 1 · >30 - 100$117.46$187.50$219.19
B1 & Below · >30 - 100$116.28$142.89$228.69
Level 4 & Above · >30 - 100$71.98$75.86$192.95
Level 2 & 3 · >30 - 100$73.23$95.24$167.06
Level 2 & 3 · >100 - 300$83.43$129.13$158.54

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.

7

What is available at Pil Building right now?

Key takeaway1 unit is currently listed at Pil Building. One row per unit; several agents often market the same unit.

For sale (1)

  • Boon Tat vicinity shophouseS$19.89M · 4,000 sqft

Browse every listing at this building →

8

What is near Pil Building?

Key takeawayThe nearest MRT/LRT is Telok Ayer MRT, about 178 m away.

Getting around

Amenities nearby

RafflesMedical (Robinson) · 91 mPlace Of Worship · 109 m80 Robinson Rd · 117 mHotel · 132 mTelok Ayer Green · 147 mTelok Ayer MRT Exit A · 158 mAmoy Street Food Centre · 286 mAp House Pte. Ltd. · 357 mCross Street Exchange · 388 mKreta Ayer Community Club · 617 m

Straight-line distances. Source: PropKaki amenities data.

9

How many companies are registered at Pil Building?

Key takeawayACRA records 2 live company registrations at this address.
Live registrations
2
Registered last 3 years
0
Most common type
Local Company

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

What is Pil Building's BCA building profile?

BCA building type
Office
Green Mark
NA (NA)
Energy use intensity
300 kWh/m²·yr
11

Frequently asked questions about Pil Building

Where is Pil Building?

Pil Building is at 140 Cecil Street, Singapore 069540, in the Downtown Core planning area.

What is Pil Building zoned as?

Pil Building sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 11.2.

What is the tenure of Pil Building?

Pil Building is leasehold. About 50 years remain on the lease.

What have units at Pil Building sold for?

Across 1 recorded transaction, the median price is S$16,575 psf. The latest was in January 2022.

What is the nearest MRT station to Pil Building?

Telok Ayer MRT is the closest, 178 m away (about a 3-minute walk).

How many businesses are registered at Pil Building?

2 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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