Raffles City Shopping Centre
Raffles City Shopping Centre is a commercial building in District 6 · Downtown Core, on land zoned HOTEL under the URA Master Plan with a gross plot ratio of 9.9. It is leasehold with roughly 52 years remaining. 1 transaction is on record since 1995, most recently in Jul 2006. 2 units are currently listed for rent. ACRA records 31 live company registrations at this address.
What are the key facts about Raffles City Shopping Centre?
- Asset class
- Commercial
- Land-use zone
- HOTEL
- Gross plot ratio
- 9.9
- Tenure
- Leasehold
- District / Area
- District 6 · Downtown Core
- Address
- 252 North Bridge Road
- Land area
- 30,816 sqm
- Completed
- Not on record
- Storeys
- 73 (© OpenStreetMap contributors)
- Owner
- CapitaLand Integrated Commercial Trust (SGX filings)
- Submarket
- City Hall / Bugis
- Listed as
- Food & Beverage, Office
- Transactions on record
- 1 (records start 1995)
- Live listings
- 2
- ACRA registrations
- 31
Who owns Raffles City Shopping Centre, and what is it valued at?
- Net lettable area
- 788,100 sq ft
- Committed occupancy
- 98.4% (as of 31 Dec 2025)
- Tenants
- 290
- Car-park lots
- 991
- Land tenure
- Leasehold tenure of 99 years with effect from 16 July 1979
- Green Mark
- BCA Green Mark Platinum
- Major tenants
- Accenture Pte. Ltd., Economic Development Board, RC Hotels (Pte) Ltd
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 Raffles City Shopping Centre
Raffles City Shopping Centre is a commercial building in Downtown Core (District 06). It is located along North Bridge Road, Singapore 179103.
Under the URA Master Plan it sits on land zoned hotel with a gross plot ratio of 9.9. It lies inside the Central Area.
The site is leasehold, with about 52 years remaining on the lease. It occupies roughly 30,816 sqm of land with about 320,490 sqm of gross floor area.
1 transaction has been recorded here, at a median of S$4,532 psf. The most recent was in July 2006.
36 businesses are currently registered at this address with ACRA.
The nearest MRT is City Hall MRT, 122 m away (about a 2-minute walk). The closest bus stop (Raffles Hotel) is 122 m away (about a 2-minute walk).
What is Raffles City Shopping Centre zoned as?
- Land-use zone
- HOTEL
- Gross plot ratio
- 9.9
- Urban design area
- Udga
- Central Area
- Yes
What has Raffles City Shopping Centre sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Jul 2006 | Retail | S$1672.63M | 369,055 sqft | $4,532 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Raffles City Shopping Centre rent for?
Retail space on North Bridge Road
Street level · 2026Q3S$ per sq ft per month · median -6.6% 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).
Office space on North Bridge Road
Street level · 2026Q3S$ per sq ft per month · median +2.5% 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 — District 6 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 6 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 Raffles City Shopping Centre
- Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft
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 Raffles City Shopping Centre
Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 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 Raffles City Shopping Centre?
- 27 Jul 2026ApprovedFloor 3Change of use to members' lounge
Proposed change of use of unit #03-XX to members' lounge at raffles city shopping centre
- 20 May 2026ApprovedFloor 1Additions & alterations
Proposed addition & alteration works to unit #01-XX of the existing raffles city shopping centre
- 3 Feb 2026ApprovedFloor B1Change of use to restaurant
Proposed change of use of unit #B1-XX to restaurant at raffles city shopping centre
- 19 Sept 2025ApprovedAdditions & alterations
Proposed addition & alteration works involving open-to-sky cooling towers at existing roof of podium b at raffles city shopping centre on lot 00482m ts11 at 252 north bridge road (downtown core planning area)
- 8 Aug 2025RenewedFloor 3Continued use as restaurant with live entertainment
Continued use of unit #03-XX as restaurant with live entertainment at raffles city shopping centre
- 11 Feb 2025ApprovedFloor B1Change of use: bank → restaurant
Proposed change of use of units #B1-XX and #B1-XX from bank to restaurant at raffles city shopping centre
- 12 Jul 2024ApprovedFloor 2Change of use: common corridor → shop
Proposed change of use of #02-XX from common corridor to shop at raffles city shopping centre
- 27 Jun 2024RenewedChange of use
Continued use of 2 car park lots at basement 2 for car polishing and waxing services at raffles city shopping centre
- 22 Jun 2024ApprovedFloor 3Change of use to restaurant
Proposed change of use of #03-XX and #03-XX to restaurant at existing raffles city shopping centre on lot 00482m ts 11 at 252 north bridge road
- 17 May 2024ApprovedFloor 1Change of use: common corridor and shops → restaurant
Proposed change of use from common corridor and shops at units #01-XX to restaurant at raffles city shopping centre on lot 482m ts 11 at 252 north bridge road (downtown core planning area)
- 16 Apr 2024RenewedFloor 1Continued use as restaurant with ancillary live entertainment
Continued use of unit #01-XX as restaurant with ancillary live entertainment
- 4 Mar 2024ApprovedFloor 1Change of use: shop → restaurant for part unit #01-xx
Proposed change of use from shop to restaurant for part unit #01-XX at existing raffles city shopping centre on lot 00482m ts 11 at 252 north bridge road
79 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$54.50 per unit).
How does North Bridge Road price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Raffles City Shopping Centre?
Indicative area yield — District 6 retail
An INDICATIVE AREA yield for District 6 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 6 ($ psm/month, 2026Q3)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| B1 & Below · 30 & Below | $90.91 | $119.62 | $286.43 |
| Level 1 · 30 & Below | $81.61 | $93.33 | $107.01 |
| Level 4 & Above · 30 & Below | $80.57 | $83.33 | $94.29 |
| Level 2 & 3 · 30 & Below | $76.01 | $92.73 | $109.89 |
| Level 4 & Above · >30 - 100 | $67.39 | $75.36 | $96.63 |
| B1 & Below · >30 - 100 | $144.93 | $225.01 | $270.37 |
| Level 2 & 3 · >30 - 100 | $66.18 | $87.34 | $123.84 |
| Level 1 · >30 - 100 | $128.26 | $130.89 | $160.15 |
Office rents — Central Area ($ 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 Raffles City Shopping Centre right now?
For rent (2)
- Raffles City Shopping Centre2 agentsS$42k/mo · 2,215 sqft
- City Hall | High Floor | Beautiful Sea And Bay View | Modern Fit-Out2 agentsS$42k/mo · 3,080 sqft
What is near Raffles City Shopping Centre?
Getting around
- City Hall MRT122 m · ~2 min
Amenities nearby
Competing premises nearby
Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Raffles City Shopping Centre
nearest MRT/LRT City Hall (NS25/EW13) 75 m, about 91,000 taps a weekday; 9 more stations within 1 km; bus stops within 400 m: 17, about 31,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 4,872 residents within 1 km (June 2026); 11 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
- City Hall (NS25 / EW13)75 m · about 91,000 weekday taps
- Esplanade (CC3)203 m · about 15,000 weekday taps
- Bras Basah (CC2)379 m · about 10,000 weekday taps
- Bencoolen (DT21)602 m · about 20,000 weekday taps
- Bugis (EW12 / DT14)713 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 Raffles City Shopping Centre. Transfers between lines don't tap, so interchanges read low.
Bus
17 bus stops within 400 m, with about 31,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Raffles City (development car park)11 mrates not published as open data
- Seah St (URA)296 mS$1.20 per half-hour at midday on a weekday · 8 car lots
- Blk 231 Bras Basah Basement Car Park (HDB)305 mS$1.20 per half-hour at midday on a weekday · gantry 1.9 m · 219 car lots
- Backlane (Seah St) (URA)324 m
- Purvis St (URA)369 mS$1.20 per half-hour at midday on a weekday · 43 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: Kampong Glam Area, 1.2 km away, S$125/month.
Public car parks only, by straight-line distance, with the operator's published rates. Raffles City Shopping Centre's own car park, if it has one, and its charges are not in the open data.
Who's registered at Raffles City Shopping Centre?
- Wholesale and retail trade12
- Other services7
- Accommodation and food services4
- Financial and insurance2
- Health and social services2
- Real estate2
- Professional, scientific and technical services1
- Administrative and support services1
- Manufacturing0
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 Raffles City Shopping Centre
Where is Raffles City Shopping Centre?⌄
Raffles City Shopping Centre is at 252 North Bridge Road, Singapore 179103, in the Downtown Core planning area.
What is Raffles City Shopping Centre zoned as?⌄
Raffles City Shopping Centre sits on land zoned hotel under the URA Master Plan, with a gross plot ratio of 9.9.
What is the tenure of Raffles City Shopping Centre?⌄
Raffles City Shopping Centre is leasehold. About 52 years remain on the lease.
What have units at Raffles City Shopping Centre sold for?⌄
Across 1 recorded transaction, the median price is S$4,532 psf. The latest was in July 2006.
What is the nearest MRT station to Raffles City Shopping Centre?⌄
City Hall MRT is the closest, 122 m away (about a 2-minute walk).
How many businesses are registered at Raffles City Shopping Centre?⌄
36 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 Raffles City Shopping Centre.
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.