Spi Centre
Spi Centre is a commercial building in District 1 · Singapore River, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 4.2. It is leasehold with roughly 24 years remaining. 1 transaction is on record since 1995, most recently in May 2015. ACRA records 0 live company registrations at this address.
What are the key facts about Spi Centre?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.2
- Tenure
- Leasehold
- District / Area
- District 1 · Singapore River
- Address
- 59,61,63 New Bridge Road
- Land area
- 391 sqm
- Completed
- Not on record
- Storeys
- 4 (© OpenStreetMap contributors)
- Submarket
- City Fringe
- Listed as
- Shop / Shophouse, Other Retail, Office
- Transactions on record
- 1 (records start 1995)
- Live listings
- None
- ACRA registrations
- 0
About Spi Centre
Spi Centre is a commercial building in Singapore River (District 01). It is located along New Bridge Road, Singapore 059405.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 4.2. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines. It lies inside the Central Area.
The site is leasehold, with about 24 years remaining on the lease. It occupies roughly 391 sqm of land with about 1,682 sqm of gross floor area.
1 transaction has been recorded here, at a median of S$4,284 psf. The most recent was in May 2015.
The nearest MRT is Clarke Quay MRT, 66 m away (about a 1-minute walk). The closest bus stop (Opp Clarke Quay Stn) is 117 m away (about a 2-minute walk). Clarke Quay Central is 109 m away (about a 2-minute walk).
What is Spi Centre zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.2
- Conservation area
- Upper Circular Road
- Conserved building
- Yes
- Urban design area
- Udga
- Central Area
- Yes
What has Spi Centre sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| May 2015 | Office | S$18.50M | 4,319 sqft | $4,284 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Spi Centre rent for?
Office space on New Bridge Road
Street level · 2026Q3S$ per sq ft per month · median +0.2% 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 New Bridge Road
Street level · 2026Q3S$ per sq ft per month · median -17.8% 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 Spi Centre
- City Fringe (all grades): Rent S$7.83 psf/mth · Vacancy 2.5% · Planned / under construction 1.35m 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 Spi Centre
Rent: between 6 Aug 2026 and 28 Aug 2026, 0 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, 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 Spi Centre?
- 5 Jun 2024ApprovedAdditions & alterations
Proposed amendment to the approved additions and alterations to the existing 5-storey conserved building with new erection of a 6-storey rear extension on lots 00158x & 99913c, ts 07 at 59, 61 & 63 new bridge road.(singapore river planning area)
- 26 Sept 2023ApprovedAdditions & alterations
Proposed amendment to the approved additions and alterations to the existing 5-storey conserved building with new erection of a 6-storey rear extension on lots 00158x & 99913c, ts 07 at 59, 61 & 63 new bridge road.(singapore river planning area)
- 8 Jun 2023ApprovedAdditions & alterations
2nd extension of written permission for the approved additions and alterations to the existing 5-storey conserved buildingwith new erection of a 6-storey rear extension
- 12 Aug 2022ApprovedAdditions & alterations
Regularisation of gfa & proposed amendment to the approved additions and alterations to the existing 5-storey conserved building with new erection of a 6-storey rear extension on lots 00158x & 99913c, ts 07 at 59, 61 & 63 new bridge road.(singapore river planning area)
- 14 Sept 2021ApprovedAdditions & alterations
Proposed amendment to approved additions and alterations to the existing 5-storey conserved building with new erection of a 6-storey rear extension on lots 00158x & 99913c, ts 07 at 59, 61 & 63 new bridge road.(singapore river planning area)
- 29 Apr 2021ApprovedAdditions & alterations
1st extension of written permission for proposed additions and alterations to the existing 5-storey conserved building with new erection of a 5-storey rear extension
- 27 Feb 2020RefusedAdditions & alterations
Outline application for change of use to hotel to approved additions and alterations to the existing 5-storey conserved building with new erection of a 5-storey rear extension on lots 00158x & 99913c, ts 07 at 59, 61 & 63 new bridge road.(singapore river planning area)
- 15 Oct 2019ApprovedAdditions & alterations
Proposed amendment and gfa regularisation to approved additions and alterations to the existing 5-storey conserved building with new erection of a 5-storey rear extension on lots 00158x & 99913c, ts 07 at 59, 61 & 63 new bridge road.(singapore river planning area)
- 19 Jun 2019ApprovedAdditions & alterations
Proposed additions and alterations to the existing 5-storey conserved building with new erection of a 5-storey rear extension on lots 00158x & 99913c, ts 07 at 59, 61 & 63 new bridge road.(singapore river planning area)
- 29 Jun 2018RenewedFloor 1Continued use as massage establishment
Continued use of commercial school unit #01-XX as massage establishment (tcm and massage therapy)
- 20 Jan 2017RenewedFloor 1Continued use as massage establishment
Continued use of commercial school unit #01-XX as massage establishment (tcm and massage therapy)
- 3 Dec 2014ApprovedFloor 1Change of use to health centre
Proposed change of use of commercial school at unit #01-XX to health centre (tcm and massage therapy) at 59 new bridge road (singapore river planning area)
1 earlier change-of-use and A&A decision is 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$54.50 per unit).
How does New Bridge Road price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Spi Centre?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ 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 near Spi Centre?
Getting around
- Clarke Quay MRT66 m · ~1 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Spi Centre
nearest MRT/LRT Clarke Quay (NE5) 65 m, about 31,000 taps a weekday; 7 more stations within 1 km; bus stops within 400 m: 14, about 34,000 taps a weekday; Singapore River: 18,341 resident workers (Census 2020, by workplace); about 13,000 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
- Clarke Quay (NE5)65 m · about 31,000 weekday taps
- Chinatown (NE4 / DT19)425 m · about 97,000 weekday taps
- Fort Canning (DT20)583 m · about 14,000 weekday taps
- Telok Ayer (DT18)586 m · about 37,000 weekday taps
- Raffles Place (EW14 / NS26)600 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 Spi Centre. Transfers between lines don't tap, so interchanges read low.
Bus
14 bus stops within 400 m, with about 34,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Hong Kong St (URA)69 mS$1.20 per half-hour at midday on a weekday · 32 car lots
- Carpenter St (URA)100 mS$1.20 per half-hour at midday on a weekday · 35 car lots
- Backlane (Carpenter - Upp Circular Rd) (URA)118 m
- Backlane (Hongkong St - Carpenter St) (URA)131 m
- Carpenter St Off St (URA)143 mS$1.50 per half-hour at midday on a weekday · 69 car lots
Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 858 m away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. Spi Centre's own car park, if it has one, and its charges are not in the open data.
Who's registered at Spi Centre?
- Information and communications0
- Professional, scientific and technical services0
- Wholesale and retail trade0
- Construction0
- Health and social 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 Spi Centre's BCA building profile?
- BCA building type
- Office
- Green Mark
- NA (NA)
- Energy use intensity
- 165 kWh/m²·yr
Frequently asked questions about Spi Centre
Where is Spi Centre?⌄
Spi Centre is at 59,61,63 New Bridge Road, Singapore 059405, in the Singapore River planning area.
What is Spi Centre zoned as?⌄
Spi Centre sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.2.
What is the tenure of Spi Centre?⌄
Spi Centre is leasehold. About 24 years remain on the lease.
Is Spi Centre a conserved property?⌄
Yes. Spi Centre falls within a URA conservation area, so external works are subject to conservation guidelines.
What have units at Spi Centre sold for?⌄
Across 1 recorded transaction, the median price is S$4,284 psf. The latest was in May 2015.
What is the nearest MRT station to Spi Centre?⌄
Clarke Quay MRT is the closest, 66 m away (about a 1-minute walk).
The facts are here — now get the verdict on Spi 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.