CommercialWHITEConservationLeaseholdDistrict 7 · Rochor

Prinsep Place

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2003

Quick Summary

Prinsep Place is a commercial building in District 7 · Rochor, on land zoned WHITE under the URA Master Plan. It is leasehold with roughly 70 years remaining. 1 transaction is on record since 1995, most recently in Oct 2003. ACRA records 2 live company registrations at this address.

The facts are here — now get the verdict on Prinsep Place.

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What are the key facts about Prinsep Place?

Key takeawayPrinsep Place is a commercial building in District 7 · Rochor, zoned WHITE, held leasehold.

Asset class: Commercial
Land-use zone: WHITE
Gross plot ratio: Subject to Evaluation
Tenure: Leasehold
District / Area: District 7 · Rochor
Address: 56 Prinsep Street
Land area: —
Completed: Not on record
Storeys: 5 (© OpenStreetMap contributors)
Strata units (MCST): 14
Managing agent: PREMIER PROPERTY CONSULTANCY PTE LTD
Strata formed: 2002 (MCST 2702)
Submarket: City Fringe
Listed as: Food & Beverage, Shop / Shophouse
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 2

About Prinsep Place

Prinsep Place is a commercial building in Rochor (District 07). It is located along Prinsep Street, Singapore 188685.

Under the URA Master Plan it sits on land zoned white. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines. It lies inside the Central Area.

The site is leasehold, with about 70 years remaining on the lease.

1 transaction has been recorded here, at a median of S$739 psf. The most recent was in October 2003.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Bencoolen MRT, 98 m away (about a 2-minute walk). The closest bus stop (Sch of The Arts) is 78 m away (about a 1-minute walk).

What is Prinsep Place zoned as?

Key takeawayPrinsep Place sits on land zoned WHITE, with conservation status, inside the Central Area.

Land-use zone: WHITE
Gross plot ratio: Subject to Evaluation
Conservation area: Cheang Jim Chwan Place
Conserved building: Yes
Urban design area: Udga
Central Area: Yes

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 Do not quote a plot ratio, and do not compute buildable GFA from it.

Run the full zoning report for this building →

What has Prinsep Place sold for?

Key takeaway1 transaction is on record since 1995, most recently in Oct 2003 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Oct 2003	Shop House	S$2.12M	2,863 sqft	$739

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 Prinsep Place rent for?

Key takeawayNo rent is published for Prinsep Place itself. On its street, Prinsep Street, retail space rented at a median of $6.99 psf a month in 2021Q3. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Prinsep Street

Street level · 2021Q3

25th pct

—

— psm

Median

$6.99

$75.27 psm

75th pct

—

— psm

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

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 Prinsep Place

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 Prinsep Place

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 0 units for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 2 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 Prinsep Place?

Key takeawayURA has approved 4 changes of use at Prinsep Place since 2000, most recently in 2020. 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.

11 Nov 2024RenewedFloor 2
Continued use as restaurant and bar with ancillary live entertainment
Continued use of unit #02-XX as restaurant and bar with ancillary live entertainment
11 Oct 2024RenewedFloor 1
Continued use as restaurant and bar with ancillary live entertainment
Continued use of unit #01-XX as restaurant and bar with ancillary live entertainment
7 Apr 2022RenewedFloor 2
Continued use as restaurant and bar with ancillary live entertainment
Continued use of unit #02-XX as restaurant and bar with ancillary live entertainment
8 Nov 2021RenewedFloor 1
Continued use as restaurant and bar with ancillary live entertainment
Continued use of unit #01-XX as restaurant and bar with ancillary live entertainment
14 Jan 2020ApprovedFloor 2
Change of use to restaurant and bar with ancillary live entertainment
Proposed change of use of unit #02-XX to restaurant and bar with ancillary live entertainment at 56 prinsep street
30 Dec 2019ApprovedFloor 1
Change of use to restaurant and bar with ancillary live entertainment
Change of use of unit #01-XX to restaurant and bar with ancillary live entertainment
15 Oct 2019ApprovedFloor 1
Change of use to restaurant with ancillary live entertainment
Proposed change of use of 1st storey unit #01-XX to restaurant with ancillary live entertainment
29 May 2009ApprovedFloor 1
Change of use to amusement centre
Proposed change of use of 1st storey shop unit #01-XX to amusement centre

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 Prinsep Street 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 Prinsep Place?

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 Prinsep Place?

Key takeawayThe nearest MRT/LRT is Bencoolen MRT, about 98 m away — and 3 competing retail premisess operate nearby.

Getting around

Bencoolen MRT98 m · ~2 min

Amenities nearby

Hotel · 35 mEducational Institution · 50 mSch of The Arts · 78 mSingapura Clinic · 83 mBencoolen MRT Exit A · 130 mPlace Of Worship · 154 mHandy Rd Os · 220 mRaffles Hospital · 879 m

Competing premises nearby

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

Jewish Welfare Board, Singapore · 178 mThe Cathay · 215 mAlbert Centre Market & Food Centre · 518 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Prinsep Place

Key takeawayThe nearest station is Bencoolen (DT21), 97 m away — a moderately busy station, with about 20,000 taps in and out on an average weekday. 20 public car parks are within 500 m.

Foot traffic: busier than 90% of retail buildings

nearest MRT/LRT Bencoolen (DT21) 97 m, about 20,000 taps a weekday; 9 more stations within 1 km; bus stops within 400 m: 14, about 34,000 taps a weekday; Rochor: 31,654 resident workers (Census 2020, by workplace); about 12,000 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

Bencoolen (DT21)97 m · about 20,000 weekday taps
Bras Basah (CC2)225 m · about 10,000 weekday taps
Dhoby Ghaut (NS24 / NE6 / CC1)349 m · about 64,000 weekday taps
Rochor (DT13)521 m · about 22,000 weekday taps
Bugis (EW12 / DT14)665 m · about 109,000 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 Prinsep Place. Transfers between lines don't tap, so interchanges read low.

Bus

14 bus stops within 400 m, with about 34,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Prinsep St (Middle - R Ochor Canal) (URA)168 m
S$1.20 per half-hour at midday on a weekday · 50 car lots
Waterloo St (URA)224 m
S$1.20 per half-hour at midday on a weekday · 14 car lots
The Cathay (development car park)234 m
rates not published as open data
Middle Rd Off St (URA)257 m
S$1.20 per half-hour at midday on a weekday · 13 car lots
Blk 261/262/264 Waterloo Basement Car Park (HDB)258 m
S$1.20 per half-hour at midday on a weekday · gantry 1.9 m · 143 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Mackenzie Road Area, 720 m away, S$100/month.

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

Who's registered at Prinsep Place?

Key takeaway2 live companies (and LLPs and branches; sole proprietors are not counted) list Prinsep Place as their registered address. These are registered businesses, not who occupies the space.

Accommodation and food services
2
Information and communications
0
Wholesale and retail trade
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 Prinsep Place

Where is Prinsep Place?⌄

Prinsep Place is at 56 Prinsep Street, Singapore 188685, in the Rochor planning area.

What is Prinsep Place zoned as?⌄

Prinsep Place sits on land zoned white under the URA Master Plan.

What is the tenure of Prinsep Place?⌄

Prinsep Place is leasehold. About 70 years remain on the lease.

Is Prinsep Place a conserved property?⌄

Yes. Prinsep Place falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at Prinsep Place sold for?⌄

Across 1 recorded transaction, the median price is S$739 psf. The latest was in October 2003.

What is the nearest MRT station to Prinsep Place?⌄

Bencoolen MRT is the closest, 98 m away (about a 2-minute walk).

How many businesses are registered at Prinsep Place?⌄

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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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.

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.

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, 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.