CommercialCOMMERCIALDistrict 1 · Downtown Core

Royal Building (Formerly One Philip St)

Reviewed by Nathan TangUpdated 10 August 2026
Quick Summary

Royal Building (Formerly One Philip St) is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 15.0. 4 units are currently listed for rent. ACRA records 0 live company registrations at this address.

1

What are the key facts about Royal Building (Formerly One Philip St)?

Key takeawayRoyal Building (Formerly One Philip St) is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
15.0
Tenure
Not on record
District / Area
District 1 · Downtown Core
Address
Land area
Transactions on record
None recorded
Live listings
4
ACRA registrations
0

No recorded transactions — this building has never generated a strata caveat (typically single-owner or lease-only stock). That is not missing data, and it says nothing about the building's value, occupancy or availability.

2

About Royal Building (Formerly One Philip St)

Royal Building (Formerly One Philip St) is a commercial building in Downtown Core (District 01). It is located along Phillip Street.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 15. It lies inside the Central Area.

The nearest MRT is Raffles Place MRT, 198 m away (about a 3-minute walk). The closest bus stop (OCBC Ctr) is 104 m away (about a 2-minute walk). One Raffles Place is 148 m away (about a 2-minute walk).

3

What is Royal Building (Formerly One Philip St) zoned as?

Key takeawayRoyal Building (Formerly One Philip St) sits on land zoned COMMERCIAL with a gross plot ratio of 15.0, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
15.0
Urban design area
Udga
Central Area
Yes

Run the full zoning report for this building →

4

How does Phillip Street price?

Strata sales on the street (5y)
1

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.

5

What do commercial rents run near Royal Building (Formerly One Philip St)?

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.

6

What is available at Royal Building (Formerly One Philip St) right now?

Key takeaway4 units are currently listed at Royal Building (Formerly One Philip St). One row per unit; several agents often market the same unit.

For rent (4)

  • Royal Building (Formerly One Philip St)S$10k/mo · 1,000 sqft
  • Royal Building (Formerly One Philip St)S$28k/mo · 3,000 sqft
  • Royal Building (Formerly One Philip St)S$28k/mo · 29,711 sqft
  • Royal Building (Formerly One Philip St)S$28k/mo · 2,971 sqft

Browse every listing at this building →

7

What is near Royal Building (Formerly One Philip St)?

Key takeawayThe nearest MRT/LRT is Raffles Place MRT, about 198 m away.

Getting around

Amenities nearby

The Bonham Clinic · 18 mPlace Of Worship · 55 mOCBC Ctr · 104 mMarket Street Hawker Centre · 119 mOne Raffles Place · 148 mMarket Street Park · 173 mRaffles Place MRT Exit G · 177 mHotel · 211 mKreta Ayer Community Club · 870 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Royal Building (Formerly One Philip St)?

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.

9

Frequently asked questions about Royal Building (Formerly One Philip St)

Where is Royal Building (Formerly One Philip St)?

Royal Building (Formerly One Philip St) is at Phillip Street, in the Downtown Core planning area.

What is Royal Building (Formerly One Philip St) zoned as?

Royal Building (Formerly One Philip St) sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 15.

Have there been any recorded transactions at Royal Building (Formerly One Philip St)?

No caveats have been lodged for Royal Building (Formerly One Philip St) in the URA records we track. That is common for buildings held by a single owner, which never generate strata transactions.

What is the nearest MRT station to Royal Building (Formerly One Philip St)?

Raffles Place MRT is the closest, 198 m away (about a 3-minute walk).

For agents · in the PropKaki app

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