Prudential Tower
Prudential Tower is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 14.0. It is leasehold with roughly 69 years remaining. 58 transactions are on record since 1995, at a median S$2,295 psf, most recently in Sept 2026. 43 units are currently listed for sale or rent. ACRA records 435 live company registrations at this address.
What are the key facts about Prudential Tower?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 14.0
- Tenure
- Leasehold
- District / Area
- District 1 · Downtown Core
- Address
- 30 Cecil Street
- Land area
- 1,999 sqm
- Completed
- Not on record
- Storeys
- 30 (© OpenStreetMap contributors)
- Strata units (MCST)
- 32
- Managing agent
- CBRE PTE LTD
- Strata formed
- 1999 (MCST 2340)
- Submarket
- Raffles Place
- Units with a recorded sale
- At least 92
- Listed as
- Office
- Transactions on record
- 58 (records start 1995)
- Live listings
- 43
- ACRA registrations
- 435
Who owns Prudential Tower, and what is it valued at?
- Announced 15 May 2014 · completed 26 Sep 2014Keppel REIT sold a 92.8% interest in Prudential Tower for S$512 million (aggregate sale consideration) to the Purchasers.At the time: NLA 221,080 sq ft
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 Prudential Tower
Prudential Tower is a commercial building in Downtown Core (District 01). It is located along Cecil Street, Singapore 049712.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 14. It lies inside the Central Area.
The site is leasehold, with about 69 years remaining on the lease. It occupies roughly 1,999 sqm of land with about 27,699 sqm of gross floor area.
57 transactions have been recorded here, at a median of S$2,290 psf. The most recent was in November 2025.
467 businesses are currently registered at this address with ACRA.
The nearest MRT is Telok Ayer MRT, 159 m away (about a 2-minute walk). The closest bus stop (Prudential Twr) is 31 m away (about a 0-minute walk). Republic Plaza is 108 m away (about a 2-minute walk).
What is Prudential Tower zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 14.0
- Urban design area
- Udga
- Central Area
- Yes
What has Prudential Tower sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Sept 2026 | Office | S$12.48M | 5,016 sqft | $2,488 |
| Nov 2025 | Office | S$16.22M | 5,952 sqft | $2,725 |
| Aug 2024 | Office | S$26.50M | 5,716 sqft | $4,636 |
| Aug 2022 | Office | S$4.76M | 1,399 sqft | $3,402 |
| Jan 2022 | Office | S$11.58M | 3,552 sqft | $3,260 |
| Nov 2019 | Office | S$5.36M | 1,625 sqft | $3,299 |
| Jul 2019 | Office | S$3.30M | 1,012 sqft | $3,261 |
| Feb 2018 | Office | S$13.61M | 5,102 sqft | $2,668 |
| Sept 2017 | Office | S$18.95M | 5,716 sqft | $3,315 |
| Mar 2016 | Office | S$33.09M | 11,819 sqft | $2,800 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Prudential Tower rent for?
Office space on Cecil Street
Street level · 2026Q3S$ per sq ft per month · median -0.4% on a year earlier
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 Cecil Street
Street level · 2026Q3S$ per sq ft per month · median -37.8% on a year earlier
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 1 retail
Region band · 2026Q3S$ 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 1 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 Prudential Tower
- Prime office: Capital value S$3,200 psf · Net yield 3.7%
- Core CBD (Grade A): Rent S$12.50 psf/mth · Vacancy 3.3%
- Core CBD (Grade B): Rent S$9.15 psf/mth
- Core CBD: Rent S$9.40 psf/mth · Vacancy 4.5%
- Raffles Place: Rent S$11.54 psf/mth · Vacancy 4.5% · Planned / under construction 0.36m sq ft
Official series (URA, 2026Q3): Office vacancy rate (Whole Island) 10 (-1.2 pp on the year) · Office rental index (Central Region) 203.4 (+1.8% 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 Prudential Tower
Rent: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 3 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 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 Prudential Tower?
- 29 Nov 2018ApprovedAdditions & alterations
Proposed additions and alterations to 16th storey of existing 30-storey office building
- 29 Oct 2018ApprovedChange of use to office
Proposed change of use of 1st storey and 1st storey mezzanine to office at prudential tower
- 27 Mar 2018ApprovedChange of use: bank → restaurant cum bar
Proposed change of use of 1st storey and 1st storey mezzanine from bank to restaurant cum bar at prudential tower
- 3 Dec 2014ApprovedAdditions & alterations
Proposed additions & alterations to 10th,11th,16th,18th to 21st,23rd,24th & 28th storey of the existing 30-storey office building
- 24 Jul 2013ApprovedAdditions & alterations
Proposed additions & alterations to 1st storey of existing 30-storey office building (addition of a take-away food shop kiosk)
- 19 Jul 2013ApprovedAdditions & alterations
Proposed additions and alterations works involving internal staircase at 13th to 15th storey to the existing 30-storey office building
- 9 Feb 2012ApprovedAdditions & alterations
Proposed retention of additions & alterations to 2nd storey of existing 30-storey office building
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$54.50 per unit).
How does Cecil Street price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Prudential Tower?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ psm/month, 2026Q3)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Level 2 & 3 · 30 & Below | $82.69 | $99.35 | $120.39 |
| Level 1 · 30 & Below | $172.73 | $245.52 | $332.57 |
| B1 & Below · 30 & Below | $87.33 | $172.91 | $321.72 |
| Level 2 & 3 · >30 - 100 | $77.43 | $95.09 | $183.52 |
| Level 1 · >30 - 100 | $106.77 | $168.33 | $217.05 |
| B1 & Below · >30 - 100 | $117.40 | $198.29 | $365.38 |
| Level 1 · >100 - 300 | $115.69 | $148.57 | $187.43 |
| B1 & Below · >100 - 300 | $148.73 | $233.33 | $396.56 |
Office rents — Central Area ($ 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 available at Prudential Tower right now?
For sale (22)
- Prudential TowerS$36.48M · 11,054 sqft
- Prudential TowerS$60k · 5,950 sqft
- Prudential TowerS$18.89M · 4,080 sqft
- Prudential TowerS$35.37M · 12,195 sqft
For rent (21)
- Prudential TowerS$26k/mo · 2,500 sqft
- Prudential Tower2 agentsS$24k/mo · 2,192 sqft
- Prudential TowerS$21k/mo · 2,192 sqft
- Prudential Tower3 agentsS$22k/mo · 2,200 sqft
What is near Prudential Tower?
Getting around
- Telok Ayer MRT159 m · ~3 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Prudential Tower
nearest MRT/LRT Raffles Place (EW14/NS26) 124 m, about 133,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 8, about 17,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 12,000 residents within 1 km (June 2026). Ranked against 485 office 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), not a count of people.
Stations within 1 km
- Raffles Place (EW14 / NS26)124 m · about 133,000 weekday taps
- Telok Ayer (DT18)127 m · about 37,000 weekday taps
- Downtown (DT17)439 m · about 51,000 weekday taps
- Chinatown (NE4 / DT19)517 m · about 97,000 weekday taps
- Shenton Way (TE19)543 m · about 32,000 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 Prudential Tower. Transfers between lines don't tap, so interchanges read low.
Bus
8 bus stops within 400 m, with about 17,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Backlane (Cecil St - M Arket St) (URA)119 m
- Backlane (Synagogue St - Church St) (URA)218 m
- Backlane (Boon Tat St - Amoy St) (URA)244 m
- Backlane (Boon Tat St) (URA)250 m
- Boon Tat St (URA)252 mS$1.20 per half-hour at midday on a weekday · 17 car lots
Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.5 km away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. Prudential Tower's own car park, if it has one, and its charges are not in the open data.
Who's registered at Prudential Tower?
- Financial and insurance150
- Professional, scientific and technical services69
- Transportation and storage61
- Wholesale and retail trade55
- Information and communications27
- Administrative and support services25
- Real estate14
- Electricity, gas and air-conditioning supply13
- Other services6
- Manufacturing5
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 Prudential Tower's BCA building profile?
- BCA building type
- Office
- Green Mark
- GoldPlus (2017)
- Energy use intensity
- 137 kWh/m²·yr
Frequently asked questions about Prudential Tower
Where is Prudential Tower?⌄
Prudential Tower is at 30 Cecil Street, Singapore 049712, in the Downtown Core planning area.
What is Prudential Tower zoned as?⌄
Prudential Tower sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 14.
What is the tenure of Prudential Tower?⌄
Prudential Tower is leasehold. About 69 years remain on the lease.
What have units at Prudential Tower sold for?⌄
Across 57 recorded transactions, the median price is S$2,290 psf. The latest was in November 2025.
What is the nearest MRT station to Prudential Tower?⌄
Telok Ayer MRT is the closest, 159 m away (about a 2-minute walk).
How many businesses are registered at Prudential Tower?⌄
467 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.
The facts are here — now get the verdict on Prudential Tower.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.