CommercialCOMMERCIALLeaseholdDistrict 1 · Downtown Core

Shenton House

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 2023

Quick Summary

Shenton House 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 42 years remaining. 174 transactions are on record since 1995, at a median S$1,500 psf, most recently in Nov 2023. ACRA records 533 live company registrations at this address.

The facts are here — now get the verdict on Shenton House.

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What are the key facts about Shenton House?

Key takeawayShenton House 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: 3 Shenton Way
Land area: 3,368 sqm
Completed: Not on record
Storeys: 25 (© OpenStreetMap contributors)
Strata units (MCST): 151
Managing agent: KNIGHT FRANK PROPERTY & FACILITIES MANAGEMENT PTE. LTD.
Strata formed: 1983 (MCST 0637)
Submarket: Shenton Way / Tanjong Pagar
Units with a recorded sale: At least 109
Listed as: Office
Transactions on record: 174 (records start 1995)
Live listings: None
ACRA registrations: 533

About Shenton House

Shenton House is a commercial building in Downtown Core (District 01). It is located along Shenton Way, Singapore 068805.

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 42 years remaining on the lease. It occupies roughly 3,368 sqm of land with about 47,148 sqm of gross floor area.

174 transactions have been recorded here, at a median of S$1,500 psf. The most recent was in November 2023.

638 businesses are currently registered at this address with ACRA.

The nearest MRT is Shenton Way MRT, 95 m away (about a 2-minute walk). The closest bus stop (UIC Bldg) is 75 m away (about a 1-minute walk).

What is Shenton House zoned as?

Key takeawayShenton House 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

Run the full zoning report for this building →

What has Shenton House sold for?

Key takeawayAcross 174 recorded transactions since 1995, the median price is about S$1.01M, most recently in Nov 2023.

Date	Use	Price	Area	PSF
Nov 2023	Office	S$538.00M	4,747 sqft	$113,337
Jun 2023	Office	S$839k	441 sqft	$1,900
Nov 2022	Office	S$3.18M	1,755 sqft	$1,812
Jun 2022	Retail	S$1.30M	710 sqft	$1,830
Feb 2022	Office	S$1.16M	560 sqft	$2,069
Jan 2022	Office	S$2.28M	1,141 sqft	$1,998
Jan 2022	Office	S$2.37M	1,356 sqft	$1,750
Jan 2022	Office	S$2.44M	1,356 sqft	$1,795
Dec 2021	Office	S$2.70M	1,507 sqft	$1,792
Nov 2021	Office	S$1.08M	560 sqft	$1,921

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 Shenton House rent for?

Key takeawayNo rent is published for Shenton House itself. On its street, Shenton Way, office space rented at a median of $9.02 psf a month in 2026Q3, with the middle half of leases between $6.56 and $9.85. That is not this building's own rent, and never a quote for a particular unit.

Office space on Shenton Way

Street level · 2026Q3

25th pct

$6.56

$70.61 psm

Median

$9.02

$97.04 psm

75th pct

$9.85

$106.03 psm

S$ per sq ft per month · median +8% on a year earlier

2023Q4 · $78.03 psm2026Q3 · $97.04 psm median

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 Shenton Way

Street level · 2026Q3

25th pct

$6.90

$74.28 psm

Median

$8.88

$95.59 psm

75th pct

$11.66

$125.56 psm

S$ per sq ft per month · median +16.3% on a year earlier

2023Q4 · $69.97 psm2026Q3 · $95.59 psm median

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 · 2026Q3

25th pct

$8.23

$88.64 psm

Median

$10.02

$107.81 psm

75th pct

$15.92

$171.42 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 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 Shenton House

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 Shenton House

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 1 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 Shenton House?

Key takeawayURA has approved 22 changes of use at Shenton House since 2000, most recently in 2026. 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.

6 Mar 2026ApprovedFloors 3, 14
Change of use to temporary office
Proposed change of use of units #03-XX, #03-XX, #03-XX, #03-XX, #03-XX, #03-XX, #03-XX, #03-XX, #14-XX and #14-XX to temporary office at shenton house
15 May 2025RenewedFloor 2
Continued use as restaurant with ancillary live entertainment
Continued use of unit #02-XX to restaurant with ancillary live entertainment at shenton house
19 Aug 2024RenewedFloor 3
Continued use as gym/fitness centre
Continued use of units #03-XX & #03-XX as gym/fitness centre
2 Jan 2024ApprovedFloor 12
Change of use to office
Proposed change of use of shop unit #12-XX to office at shenton house
28 Jul 2023RenewedFloor 1
Continued use as restaurant cum nightclub
Continued use of office unit #01-XX as restaurant cum nightclub at shenton house
4 Apr 2023ApprovedFloor 1
Change of use to restaurant and nightclub
Proposed change of use of unit #01-XX to restaurant and nightclub at shenton house
27 Jan 2023ApprovedFloor 14
Change of use to commercial school
Proposed change of use of office units #14-XX and part #14-XX to commercial school at shenton house
4 Jan 2023Agency worksFloor 3
Change of use to community use
Lodgment for proposed use of units #03-XX & #03-XX as community use
9 Dec 2022Agency worksFloor 3
Change of use to commercial school
Lodgment for proposed use of units #03-XX, #03-XX, #03-XX, #03-XX, #03-XX as commercial school
21 Oct 2022ApprovedFloor 12
Change of use to shop
Proposed change of use of part office unit #12-XX to shop
29 Aug 2022ApprovedFloor 1
Change of use to restaurant and nightclub
Proposed change of use of unit #01-XX to restaurant and nightclub at shenton house
25 Jul 2022ApprovedFloor 2
Change of use to restaurant with ancillary live entertainment
Proposed change of use of unit #02-XX to restaurant with ancillary live entertainment at shenton house

27 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 Shenton Way price?

Key takeawayAcross 27 strata sales on Shenton Way in the last 5 years, the median is $2,393 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$2,393

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

What do commercial rents run near Shenton House?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 1 retail

Gross yield (area)

3.4%

3.0% net of property tax

Rent side (median of bands)

$107.81 psm/mo

2026Q3

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, 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 near Shenton House?

Key takeawayThe nearest MRT/LRT is Shenton Way MRT, about 95 m away — and 3 competing retail premisess operate nearby.

Getting around

Shenton Way MRT95 m · ~2 min

Amenities nearby

Shenton Way MRT Exit 6 · 69 mUIC Bldg · 75 mTrinity Medical (Shenton) · 119 mHotel · 133 mPlace Of Worship · 334 mTelok Ayer Pk · 378 mKreta Ayer Community Club · 839 m

Competing premises nearby

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

Ap House Pte. Ltd. · 88 mAmoy Street Food Centre · 441 mRepublic Plaza · 555 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Shenton House

Key takeawayThe nearest station is Shenton Way (TE19), 68 m away — a moderately busy station, with about 32,000 taps in and out on an average weekday. 14 public car parks are within 500 m.

Foot traffic: busier than 88% of retail buildings

nearest MRT/LRT Shenton Way (TE19) 68 m, about 32,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 9, about 21,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 14,000 residents within 1 km (June 2026); 6 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

Shenton Way (TE19)68 m · about 32,000 weekday taps
Downtown (DT17)290 m · about 51,000 weekday taps
Tanjong Pagar (EW15)356 m · about 85,000 weekday taps
Telok Ayer (DT18)413 m · about 37,000 weekday taps
Raffles Place (EW14 / NS26)455 m · about 133,000 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 Shenton House. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with about 21,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Backlane (Boon Tat St - Mccallum St) (URA)203 m
Stanley St (URA)299 m
S$1.20 per half-hour at midday on a weekday · 20 car lots
Mccallum St (URA)320 m
S$1.20 per half-hour at midday on a weekday · 11 car lots
Backlane (Mccallum St) (URA)321 m
Telok Ayer St (URA)353 m
S$1.20 per half-hour at midday on a weekday · 49 car lots

Nearest URA season parking: Blair Road-Everton Roa D Area, 1.5 km away, S$80/month.

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

Who's registered at Shenton House?

Key takeaway533 live companies (and LLPs and branches; sole proprietors are not counted) list Shenton House as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
146
Professional, scientific and technical services
107
Financial and insurance
84
Information and communications
69
Transportation and storage
31
Accommodation and food services
23
Administrative and support services
22
Manufacturing
14
Real estate
8
Education
8

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.

Frequently asked questions about Shenton House

Where is Shenton House?⌄

Shenton House is at 3 Shenton Way, Singapore 068805, in the Downtown Core planning area.

What is Shenton House zoned as?⌄

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

What is the tenure of Shenton House?⌄

Shenton House is leasehold. About 42 years remain on the lease.

What have units at Shenton House sold for?⌄

Across 174 recorded transactions, the median price is S$1,500 psf. The latest was in November 2023.

What is the nearest MRT station to Shenton House?⌄

Shenton Way MRT is the closest, 95 m away (about a 2-minute walk).

How many businesses are registered at Shenton House?⌄

638 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.