CommercialCOMMERCIALLeaseholdDistrict 1 · Downtown Core

Temasek Tower

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

Temasek Tower is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 10.5. It is leasehold with roughly 55 years remaining. ACRA records 9 live company registrations at this address.

The facts are here — now get the verdict on Temasek Tower.

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What are the key facts about Temasek Tower?

Key takeawayTemasek Tower is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL, held leasehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 10.5
Tenure: Leasehold
District / Area: District 1 · Downtown Core
Address: —
Land area: 10,983 sqm
Completed: Not on record
Storeys: Not on record
Submarket: Shenton Way / Tanjong Pagar
Transactions on record: None recorded
Live listings: None
ACRA registrations: 9

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.

About Temasek Tower

Temasek Tower is a commercial building in Downtown Core (District 01). It is located along Shenton Way, Singapore 068811.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 10.5. It lies inside the Central Area.

The site is leasehold, with about 55 years remaining on the lease. It occupies roughly 10,983 sqm of land with about 148,000 sqm of gross floor area.

11 businesses are currently registered at this address with ACRA.

The nearest MRT is Tanjong Pagar MRT, 189 m away (about a 3-minute walk). The closest bus stop (Aft Straits Blvd) is 90 m away (about a 1-minute walk). Icon Village is 299 m away (about a 5-minute walk).

What is Temasek Tower zoned as?

Key takeawayTemasek Tower sits on land zoned COMMERCIAL with a gross plot ratio of 10.5, inside the Central Area.

Land-use zone: COMMERCIAL
Gross plot ratio: 10.5
Urban design area: Udga
Central Area: Yes

BCA-verified envelope: allowable GFA 115,322 sqm · built 95,625 sqm · headroom 19,697 sqm. This block appears only where BCA has published the actual built floor area — everywhere else, buildable headroom cannot be verified and is deliberately not estimated.

Run the full zoning report for this building →

What does space at Temasek Tower rent for?

Key takeawayNo rent is published for Temasek Tower 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 Temasek Tower

Key takeawayBrokers' office figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026 (island-wide)

Islandwide: Vacancy 5%
Islandwide (Grade B): Rent S$8.35 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Shenton Way / Tanjong Pagar: Rent S$11.02 psf/mth · Vacancy 9.6% · Planned / under construction 1.64m sq ft

Singapore Office MarketBeat Q2 2026

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.

What's been approved at Temasek Tower?

Key takeawayURA has approved 4 changes of use at Temasek Tower since 2000, most recently in 2013. 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.

1 Jul 2026Approved
Additions & alterations
Proposed mixed-use development comprising of a 63-sty tower blk with a 2-sty podium for shop & restaurant use, 1st sty for office/hotel/residential lobbies with plaza space & office, hotel (17 rms) & residential flats (146 units) with sky terraces, communal/ancillary facilities & 4 b'ment consisting an underground pedestrian link (upl) & b'ment carpark
23 May 2024Approved
Additions & alterations
Extension of written permission for proposed mixed-use development comprising of a 63-sty tower blk with a 2-sty podium for shop & restaurant use, 1st sty for office/hotel/residential lobbies with plaza space & office, hotel (9 rms) & residential flats (190 units) with sky terraces, communal/ancillary facilities & 4 basemnet consisting an underground pedestrian link (upl) & basement carpark
2 Jan 2020Approved
Additions & alterations
2nd extension for written permission for proposed additions & alterations and extension to existing axa tower
10 Dec 2019Approved
Additions & alterations
Proposed amendment to the approved additions & alterations and extension to existing axa tower at 8 shenton way (downtown core planning area)
4 Jun 2018Approved
Additions & alterations
Proposed amendment to the approved additions & alterations and extension to existing axa tower at 8 shenton way (downtown core planning area)
1 Mar 2018Approved
Additions & alterations
Proposed temporary canopy at anson road driveway for existing axa tower at 8 shenton way (downtown core planning area)
18 Jan 2018Approved
Additions & alterations
1st extension of written permission for proposed additions & alterations and extension to existing axa tower at 8 shenton way (downtown core planning area)
13 Mar 2017Approved
Additions & alterations
Proposed amendment to the approved additions & alterations and extension to existing axa tower at 8 shenton way (downtown core planning area)
3 Aug 2016Approved
Additions & alterations
Proposed amendment to the approved additions & alterations and extension to existing axa tower at 8 shenton way
24 Feb 2016Approved
Additions & alterations
Proposed regularisation of gross floor area to additions & alterations and extension to existing axa tower at 8 shenton way
28 Dec 2015Approved
Additions & alterations
Proposed additions & alterations and extension to existing axa tower at 8 shenton way
19 Apr 2013ApprovedFloors 1, 2
Change of use: office → fitness centre cum cafe
Proposed change of use of units #01-XX and #02-XX from office to fitness centre cum cafe at 8 shenton way - axa tower

7 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 Temasek Tower?

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 Temasek Tower?

Key takeawayThe nearest MRT/LRT is Tanjong Pagar MRT, about 189 m away.

Getting around

Tanjong Pagar MRT189 m · ~3 min

Amenities nearby

Healthway Medical Centre (8 Shenton Way) · 25 mTanjong Pagar MRT Exit D · 56 mAft Straits Blvd · 90 mTanjong Pagar Pk · 119 mHotel · 274 mIcon Village · 299 mPlace Of Worship · 303 mCold Storage Singapore (1983) Pte Ltd · 334 mAmoy Street Food Centre · 428 mTanjong Pagar Community Club · 621 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Temasek Tower

Key takeawayThe nearest station is Tanjong Pagar (EW15), 55 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 16 public car parks are within 500 m.

Foot traffic: busier than 77% of office buildings

nearest MRT/LRT Tanjong Pagar (EW15) 55 m, about 85,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 9, about 19,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 17,000 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

Tanjong Pagar (EW15)55 m · about 85,000 weekday taps
Prince Edward Road (CC32)245 m · 3,673 weekday taps
Shenton Way (TE19)399 m · about 32,000 weekday taps
Maxwell (TE18)640 m · about 23,000 weekday taps
Telok Ayer (DT18)713 m · about 37,000 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 Temasek Tower. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with about 19,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Prince Edward Rd - She Nton Way Off St (URA)128 m
S$1.50 per half-hour at midday on a weekday · 84 car lots
Mistri Rd (URA)235 m
Marina View Off St (URA)280 m
S$1.20 per half-hour at midday on a weekday · 44 car lots
Peck Seah St Off St (URA)293 m
S$1.50 per half-hour at midday on a weekday · 150 car lots
Wallich St (URA)334 m
S$1.20 per half-hour at midday on a weekday · 9 car lots

Nearest URA season parking: Blair Road-Everton Roa D Area, 1.1 km away, S$80/month.

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

Who's registered at Temasek Tower?

Key takeaway9 live companies (and LLPs and branches; sole proprietors are not counted) list Temasek Tower as their registered address. These are registered businesses, not who occupies the space.

Financial and insurance
2
Professional, scientific and technical services
2
Construction
2
Wholesale and retail trade
1
Administrative and support services
1
Arts, entertainment and recreation
1
Transportation and storage
0
Information and communications
0
Manufacturing
0
Real estate
0

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.

What is Temasek Tower's BCA building profile?

BCA building type: Office
Green Mark: Platinum (2012)
Energy use intensity: 151 kWh/m²·yr

Frequently asked questions about Temasek Tower

Where is Temasek Tower?⌄

Temasek Tower is at Shenton Way, Singapore 068811, in the Downtown Core planning area.

What is Temasek Tower zoned as?⌄

Temasek Tower sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 10.5.

What is the tenure of Temasek Tower?⌄

Temasek Tower is leasehold. About 55 years remain on the lease.

Have there been any recorded transactions at Temasek Tower?⌄

No caveats have been lodged for Temasek Tower 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 Temasek Tower?⌄

Tanjong Pagar MRT is the closest, 189 m away (about a 3-minute walk).

How many businesses are registered at Temasek Tower?⌄

11 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.

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.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

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.

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 PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model — 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.