CommercialWHITEDistrict 1 · Downtown Core

The Heart

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

The Heart is a commercial building in District 1 · Downtown Core, on land zoned WHITE under the URA Master Plan with a gross plot ratio of 13.0. 19 units are currently listed for rent. ACRA records 64 live company registrations at this address.

The facts are here — now get the verdict on The Heart.

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What are the key facts about The Heart?

Key takeawayThe Heart is a commercial building in District 1 · Downtown Core, zoned WHITE.

Asset class: Commercial
Land-use zone: WHITE
Gross plot ratio: 13.0
Tenure: Not on record
District / Area: District 1 · Downtown Core
Address: 5 Straits View
Land area: —
Completed: Not on record
Storeys: Not on record
Strata units (MCST): 1,042
Strata formed: 2019 (MCST 01-4674)
Submarket: Marina Bay
Listed as: Food & Beverage, Shop / Shophouse, Mall Shop
Transactions on record: None recorded
Live listings: 19
ACRA registrations: 64

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 The Heart

The Heart is a commercial building in Downtown Core (District 01). It is located along Straits View, Singapore 018935.

Under the URA Master Plan it sits on land zoned white with a gross plot ratio of 13. It lies inside the Central Area.

72 businesses are currently registered at this address with ACRA.

The nearest MRT is Downtown MRT, 214 m away (about a 3-minute walk). The closest bus stop (Opp Downtown Stn) is 145 m away (about a 2-minute walk). Republic Plaza is 712 m away (about a 11-minute walk).

What is The Heart zoned as?

Key takeawayThe Heart sits on land zoned WHITE with a gross plot ratio of 13.0, inside the Central Area.

Land-use zone: WHITE
Gross plot ratio: 13.0
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What does space at The Heart rent for?

Key takeawayNo street- or building-level rent is published here. Across District 1 retail, retail space rented at a median of $10.02 psf a month in 2026Q3, with the middle half of leases between $8.23 and $15.92. That is not this building's own rent, and never a quote for a particular unit.

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 The Heart

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 The Heart

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 19 units for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 2 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 The Heart?

Key takeawayURA has approved 12 changes of use at The Heart 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.

24 Feb 2026ApprovedFloor B2
Change of use to medical clinic use
Proposed change of use of #B2-XX to medical clinic use at the heart
29 Jan 2026ApprovedFloor B2
Change of use to restaurant use
Proposed change of use of #B2-XX to restaurant use at the heart
27 Feb 2025ApprovedFloor B2
Change of use to restaurant use
Proposed change of use of #B2-XX to restaurant use at the heart
26 Jul 2024ApprovedFloor B2
Change of use to medical clinic
Proposed change of use of units #B2-XX and #B2-XX to medical clinic at the heart
30 Oct 2023ApprovedFloor B2
Change of use to clinic
Proposed change of use of shop unit #B2-XX to clinic at marina one the heart
30 Oct 2023ApprovedFloor B2
Change of use to gym/fitness centre
Proposed change of use of shop units #B2-XX and #B2-XX to gym/fitness centre at marina one the heart
26 Aug 2022ApprovedFloor 1
Change of use: restaurant → restaurant and bar with ancillary live entertainment
Proposed change of use of units #01-XX & #01-XX from restaurant to restaurant and bar with ancillary live entertainment at marina one the heart
28 Feb 2022ApprovedFloor 1
Change of use: shop → commercial school
Proposed change of use of unit #01-XX from shop to commercial school at marina one the heart
26 Apr 2021ApprovedFloor 1
Change of use: shop → restaurant
Proposed change of use of unit #01-XX from shop to restaurant at marina one the heart
24 Nov 2020Approved
Additions & alterations
Proposed additions/alterations to existing 2-block of 30-storey office & 2-block of 34-storey residential buildings (total 1042 units) 3-storey commercial podium & 4-level basement carparks with underground pedestrian/shopping mall involving gfa exemption
11 Apr 2018ApprovedFloor B2
Change of use to restaurant
Proposed change of use of shop unit #B2-XX to restaurant at marina one the heart
26 Feb 2018ApprovedFloor B2
Change of use to restaurant
Proposed change of use of unit #B2-XX to restaurant at the heart

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).

What do commercial rents run near The Heart?

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 available at The Heart right now?

Key takeaway19 units are currently listed at The Heart. One row per unit; several agents often market the same unit.

For rent (19)

5 Straits View, 018935S$18k/mo · 1,603 sqft
Marina One/ The HeartS$53k/mo · 3,600 sqft
Marina One/ The HeartS$18k/mo · 1,615 sqft
The Heart @ Marina One2 agentsS$18k/mo · 2,000 sqft

Browse every listing at this building →

What is near The Heart?

Key takeawayThe nearest MRT/LRT is Downtown MRT, about 214 m away.

Getting around

Downtown MRT214 m · ~3 min

Amenities nearby

The Clinic Group @ Marina One · 97 mShenton Way MRT Exit 1 · 122 mOpp Downtown Stn · 145 mAp House Pte. Ltd. · 249 mHotel · 425 mPlace Of Worship · 661 mRepublic Plaza · 713 mAmoy Street Food Centre · 776 mPort / Airport · 1.3 km

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at The Heart

Key takeawayThe nearest station is Shenton Way (TE19), 122 m away — a moderately busy station, with about 32,000 taps in and out on an average weekday. No public car park we hold is within 500 m; the nearest is Marina View Off St (URA), 501 m away; the nearest URA season parking is Blair Road-Everton Roa D Area, 1.8 km away (S$80/month).

Foot traffic: busier than 66% of retail buildings

nearest MRT/LRT Shenton Way (TE19) 122 m, about 32,000 taps a weekday; 10 more stations within 1 km; bus stops within 400 m: 6, about 8,586 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 6,899 residents within 1 km (June 2026); 4 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)122 m · about 32,000 weekday taps
Marina Bay (NS27 / CC33 / TE20)171 m · about 13,000 weekday taps
Marina Bay (NS27 / CE2 / TE20)171 m · 4,571 weekday taps
Downtown (DT17)183 m · about 51,000 weekday taps
Raffles Place (EW14 / NS26)565 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 The Heart. Transfers between lines don't tap, so interchanges read low.

Bus

6 bus stops within 400 m, with 8,586 boardings and alightings on an average weekday.

Who's registered at The Heart?

Key takeaway64 live companies (and LLPs and branches; sole proprietors are not counted) list The Heart as their registered address. These are registered businesses, not who occupies the space.

Accommodation and food services
29
Financial and insurance
10
Wholesale and retail trade
7
Other services
4
Information and communications
3
Administrative and support services
3
Professional, scientific and technical services
2
Health and social services
2
Arts, entertainment and recreation
2
Manufacturing
1

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.

Frequently asked questions about The Heart

Where is The Heart?⌄

The Heart is at 5 Straits View, Singapore 018935, in the Downtown Core planning area.

What is The Heart zoned as?⌄

The Heart sits on land zoned white under the URA Master Plan, with a gross plot ratio of 13.

Have there been any recorded transactions at The Heart?⌄

No caveats have been lodged for The Heart 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 The Heart?⌄

Downtown MRT is the closest, 214 m away (about a 3-minute walk).

How many businesses are registered at The Heart?⌄

72 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.

For agents · in the PropKaki app

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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.

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.

Tenure is not recorded for this building. Commercial tenure coverage is roughly 40% (industrial is far better at ~90%).

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 — 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.