Sinsov Building
Sinsov Building 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. It is 999-year leasehold. 1 transaction is on record since 1995, most recently in Jul 2018. 1 unit is currently listed for rent. ACRA records 1 live company registration at this address.
What are the key facts about Sinsov Building?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 15.0
- Tenure
- 999-year leasehold
- District / Area
- District 1 · Downtown Core
- Address
- 55 Market Street
- Land area
- 611 sqm
- Completed
- Not on record
- Storeys
- 14 (© OpenStreetMap contributors)
- Strata units (MCST)
- 17
- Managing agent
- JONES LANG LASALLE PROPERTY CONSULTANTS PTE LTD
- Strata formed
- 2024 (MCST 4895)
- Submarket
- Raffles Place
- Listed as
- Office
- Transactions on record
- 1 (records start 1995)
- Live listings
- 1
- ACRA registrations
- 1
Who owns Sinsov Building, and what is it valued at?
- Announced 10 Jul 2018FCOT sold 55 Market Street for S$216.8 million (aggregate sale consideration) to the Purchaser.At the time: NLA 71,796 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 Sinsov Building
Sinsov Building is a commercial building in Downtown Core (District 01). It is located along Market Street, Singapore 048941.
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 site is 999-year leasehold, with about 799 years remaining on the lease. It occupies roughly 611 sqm of land with about 8,446 sqm of gross floor area.
1 transaction has been recorded here, at a median of S$32,975 psf. The most recent was in July 2018.
2 businesses are currently registered at this address with ACRA.
The nearest MRT is Raffles Place MRT, 115 m away (about a 2-minute walk). The closest bus stop (OCBC Ctr) is 153 m away (about a 2-minute walk). One Raffles Place is 67 m away (about a 1-minute walk).
What is Sinsov Building zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 15.0
- Urban design area
- Udga
- Central Area
- Yes
What has Sinsov Building sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Jul 2018 | Office | S$216.80M | 6,575 sqft | $32,975 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Sinsov Building rent for?
Office space on Market Street
Street level · 2026Q3S$ per sq ft per month · median +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 on Market Street
Street level · 2025Q3S$ 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 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 Sinsov Building
- 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 Sinsov Building
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 Sinsov Building?
- 21 Feb 2024ApprovedAdditions & alterations
Proposed amendment to approved addition & alterations to the existing 16-storey office building involving screening to mds space at 16th storey and regularisation of as-built condition from 1st to 16th storey on lot 00418l ts 1 at 55 market street (downtown core planning area)
- 26 Jul 2023ApprovedAdditions & alterations
Proposed addition & alterations to the existing 16-storey office building involving screening to mds space at 16th storey and regularisation of as-built condition from 1st to 16th storey on lot 00418l ts 1 at 55 market street (downtown core planning area)
- 8 Jun 2023ApprovedAdditions & alterations
Proposed amendment to approved additions & alterations to the existing office building involving repainting to building facade and basement 1 to 2nd storey internal fitout works on lot 00418l ts1 at 55 market street singapore 048941 (downtown core planning area)
- 24 Feb 2023ApprovedAdditions & alterations
Proposed amendment to approved additions & alterations to the existing office building involving repainting to building facade and basement 1 to 2nd storey internal fitout works
- 13 Dec 2022ApprovedAdditions & alterations
Proposed additions & alterations to the existing office building involving repainting to building facade and basement 1 to 2nd storey internal fitout works
- 1 Dec 2020Agency worksFloor 2Change of use to sports & recreation building
Lodgment for proposed use of unit #02-XX as sports & recreation building
- 26 Sept 2019ApprovedAdditions & alterations
Regularisation of gfa and proposed amendment to approved additions & alterations to existing 16-storey commercial building with basement on lot 00418l ts1 at 55 market street singapore 048941 (downtown core planning area)
- 11 Jun 2019ApprovedAdditions & alterations
Proposed additions & alterations to existing 16-storey commercial building with basement on lot 00418l ts1 at 55 market street singapore 048941 (downtown core planning area)
- 4 Jul 2014ApprovedFloor 9Change of use: office → function rooms
Proposed change of use of unit #09-XX from office to function rooms at 55 market street
- 28 May 2013Agency worksFloor 9Change of use to office or commercial school
Lodgment for proposed use of unit #09-XX as office or commercial school at 55 market street
- 15 Feb 2013ApprovedFloor 3Change of use: office → function rooms
Proposed change of use of units #03-XX and #03-XX from office to function rooms at 55 market street
- 15 Sept 2009ApprovedAdditions & alterations
Proposed additions and alterations involving sealing up of window openings facing adjacent property to existing 16-storey commerical office building
5 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$54.50 per unit).
What do commercial rents run near Sinsov Building?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ 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 Sinsov Building right now?
For rent (1)
- 55 Market Street2 agentsS$55k/mo · 5,000 sqft
What is near Sinsov Building?
Getting around
- Raffles Place MRT115 m · ~2 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Sinsov Building
nearest MRT/LRT Raffles Place (EW14/NS26) 111 m, about 133,000 taps a weekday; 12 more stations within 1 km; bus stops within 400 m: 8, about 20,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 9,552 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)111 m · about 133,000 weekday taps
- Telok Ayer (DT18)290 m · about 37,000 weekday taps
- Chinatown (NE4 / DT19)559 m · about 97,000 weekday taps
- Clarke Quay (NE5)561 m · about 31,000 weekday taps
- Downtown (DT17)563 m · about 51,000 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 Sinsov Building. Transfers between lines don't tap, so interchanges read low.
Bus
8 bus stops within 400 m, with about 20,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Backlane (Synagogue St - Church St) (URA)151 m
- Backlane (Cecil St - M Arket St) (URA)225 m
- Backlane (Lor Telok - Circular Rd) (URA)241 m
- Backlane (Synagogue St ) (URA)262 m
- Circular Rd (URA)264 mS$1.20 per half-hour at midday on a weekday · 34 car lots
Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.4 km away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. Sinsov Building's own car park, if it has one, and its charges are not in the open data.
Who's registered at Sinsov Building?
- Administrative and support services1
- Financial and insurance0
- Wholesale and retail trade0
- Professional, scientific and technical services0
- Information and communications0
- Transportation and storage0
- Manufacturing0
- Education0
- Arts, entertainment and recreation0
- Accommodation and food services0
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.
What is Sinsov Building's BCA building profile?
- BCA building type
- Office
- Green Mark
- Gold (2012)
- Energy use intensity
- 180 kWh/m²·yr
Frequently asked questions about Sinsov Building
Where is Sinsov Building?⌄
Sinsov Building is at 55 Market Street, Singapore 048941, in the Downtown Core planning area.
What is Sinsov Building zoned as?⌄
Sinsov Building sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 15.
What is the tenure of Sinsov Building?⌄
Sinsov Building is 999-year leasehold. About 799 years remain on the lease.
What have units at Sinsov Building sold for?⌄
Across 1 recorded transaction, the median price is S$32,975 psf. The latest was in July 2018.
What is the nearest MRT station to Sinsov Building?⌄
Raffles Place MRT is the closest, 115 m away (about a 2-minute walk).
How many businesses are registered at Sinsov Building?⌄
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.
The facts are here — now get the verdict on Sinsov Building.
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.