CommercialCOMMERCIAL999-year leaseholdDistrict 1 · Downtown Core

Tpi Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Nov 1995

Quick Summary

Tpi 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 12.6. It is 999-year leasehold. 3 transactions are on record since 1995, most recently in Nov 1995. 4 units are currently listed for sale or rent. ACRA records 12 live company registrations at this address.

The facts are here — now get the verdict on Tpi Building.

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What are the key facts about Tpi Building?

Key takeawayTpi Building is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL, held 999-year leasehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 12.6
Tenure: 999-year leasehold
District / Area: District 1 · Downtown Core
Address: 62 Cecil Street
Land area: 434 sqm
Completed: Not on record
Storeys: 6 (© OpenStreetMap contributors)
Strata units (MCST): 7
Managing agent: LUXMAN PROPERTY CONSULTANTS PTE LTD
Strata formed: 1984 (MCST 0807)
Submarket: Raffles Place
Units with a recorded sale: At least 3
Listed as: Office, Food & Beverage
Transactions on record: 3 (records start 1995)
Live listings: 4
ACRA registrations: 12

About Tpi Building

Tpi Building is a commercial building in Downtown Core (District 01). It is located along Cecil Street, Singapore 049710.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 12.6. It lies inside the Central Area.

The site is 999-year leasehold, with about 857 years remaining on the lease. It occupies roughly 434 sqm of land with about 5,474 sqm of gross floor area.

3 transactions have been recorded here, at a median of S$1,399 psf. The most recent was in November 1995.

13 businesses are currently registered at this address with ACRA.

The nearest MRT is Telok Ayer MRT, 90 m away (about a 1-minute walk). The closest bus stop (Telok Ayer Stn Exit A) is 70 m away (about a 1-minute walk). Republic Plaza is 194 m away (about a 3-minute walk).

What is Tpi Building zoned as?

Key takeawayTpi Building sits on land zoned COMMERCIAL with a gross plot ratio of 12.6, inside the Central Area.

Land-use zone: COMMERCIAL
Gross plot ratio: 12.6
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What has Tpi Building sold for?

Key takeaway3 transactions are on record since 1995, most recently in Nov 1995 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Nov 1995	Office	S$3.62M	2,562 sqft	$1,413
Nov 1995	Office	S$4.20M	3,003 sqft	$1,399
Sept 1995	Office	S$7.15M	6,491 sqft	$1,102

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 Tpi Building rent for?

Key takeawayNo rent is published for Tpi Building itself. On its street, Cecil Street, office space rented at a median of $6.56 psf a month in 2026Q3, with the middle half of leases between $6.06 and $7.28. That is not this building's own rent, and never a quote for a particular unit.

Office space on Cecil Street

Street level · 2026Q3

25th pct

$6.06

$65.25 psm

Median

$6.56

$70.62 psm

75th pct

$7.28

$78.32 psm

S$ per sq ft per month · median -0.4% on a year earlier

2023Q4 · $63.69 psm2026Q3 · $70.62 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 Cecil Street

Street level · 2026Q3

25th pct

$6.05

$65.10 psm

Median

$7.12

$76.63 psm

75th pct

$11.98

$128.92 psm

S$ per sq ft per month · median -37.8% on a year earlier

2023Q1 · $209.46 psm2026Q3 · $76.63 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 Tpi Building

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

CBRE, 2Q 2026

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%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Raffles Place: Rent S$11.54 psf/mth · Vacancy 4.5% · Planned / under construction 0.36m 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.

How fast units move at Tpi Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit for rent; 3 units for sale.

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.

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 Tpi Building?

Key takeawayURA has approved 10 changes of use at Tpi Building since 2000, most recently in 2026, and refused 2. 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.

16 Sept 2026Renewed
Continued use as nightclub
Continued use of 6th storey as nightclub at tpi building
7 Sept 2026Renewed
Continued use as nightclub
Continued use of 5th storey as nightclub at tpi building
12 May 2026ApprovedFloor 1
Change of use to gym/fitness centre
Proposed change of use of unit #01-XX to gym/fitness centre at tpi building
16 Feb 2026RenewedFloor B1
Continued use as nightclub
Continued use of unit #B1-XX as a nightclub at tpi building
19 Jan 2026RenewedFloor 2
Continued use as nightclub
Continued use of unit #02-XX as a nightclub at tpi building
8 May 2025RefusedFloor 3
Change of use to nightclub
Proposed change of use of #03-XX to nightclub at tpi building
14 Apr 2025RefusedFloor 3
Change of use to nightclub
Proposed change of use of #03-XX to nightclub at tpi building
16 Oct 2023Approved
Change of use: function rooms & function hall → nightclub
Proposed change of use of 5th storey from function rooms & function hall to nightclub at tpi building
16 Oct 2023Approved
Change of use: function rooms & function hall → nightclub
Proposed change of use of 6th storey from function rooms & function hall to nightclub at tpi building
1 Mar 2023ApprovedFloor B1
Change of use: fitness centre → nightclub
Proposed change of use of unit #B1-XX from fitness centre to nightclub at tpi building
20 Dec 2022ApprovedFloor 2
Change of use to nightclub
Proposed change of use of office unit #02-XX to nightclub at tpi building
5 May 2022Agency worksFloor 3
Change of use to commercial school
Lodgment for proposed use of unit #03-XX to commercial school

4 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 Cecil Street price?

Key takeawayAcross 117 strata sales on Cecil Street in the last 5 years, the median is $3,881 psf.

Strata sales on the street (5y)

117

Street median PSF (strata)

$3,881

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

What do commercial rents run near Tpi Building?

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 Tpi Building right now?

Key takeaway4 units are currently listed at Tpi Building — 3 for sale and 1 for rent. One row per unit; several agents often market the same unit.

For sale (3)

Tpi BuildingS$30.00M · 7,858 sqft
Tpi Building3 agentsS$15.00M · 3,929 sqft
MUST SEE!! Thriving Male Host Club business for saleS$1000k · 7,000 sqft

For rent (1)

Thriving Male Host Club / KTV for takeover!! Cheappp!S$50k/mo · 4,500 sqft

Browse every listing at this building →

What is near Tpi Building?

Key takeawayThe nearest MRT/LRT is Telok Ayer MRT, about 91 m away.

Getting around

Telok Ayer MRT91 m · ~1 min

Amenities nearby

Hotel · 25 mProvidence Medical Centre · 59 mTelok Ayer MRT Exit C · 70 mTelok Ayer Stn Exit A · 70 mMarket Street Park · 170 mRepublic Plaza · 194 mMarket Street Hawker Centre · 205 mPlace Of Worship · 209 mAl Marche Pte Ltd · 387 mKreta Ayer Community Club · 723 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Tpi Building

Key takeawayThe nearest station is Telok Ayer (DT18), 69 m away — a moderately busy station, with about 37,000 taps in and out on an average weekday. 23 public car parks are within 500 m.

Foot traffic: busier than 84% of office buildings

nearest MRT/LRT Telok Ayer (DT18) 69 m, about 37,000 taps a weekday; 9 more stations within 1 km; bus stops within 400 m: 6, about 12,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 14,000 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

Telok Ayer (DT18)69 m · about 37,000 weekday taps
Raffles Place (EW14 / NS26)172 m · about 133,000 weekday taps
Downtown (DT17)421 m · about 51,000 weekday taps
Shenton Way (TE19)471 m · about 32,000 weekday taps
Chinatown (NE4 / DT19)504 m · about 97,000 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 Tpi Building. Transfers between lines don't tap, so interchanges read low.

Bus

6 bus stops within 400 m, with about 12,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Backlane (Cecil St - M Arket St) (URA)164 m
Backlane (Boon Tat St) (URA)167 m
Boon Tat St (URA)173 m
S$1.20 per half-hour at midday on a weekday · 17 car lots
Backlane (Boon Tat St - Amoy St) (URA)177 m
Backlane (Boon Tat St - Mccallum St) (URA)235 m

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.5 km away, S$80/month.

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

Who's registered at Tpi Building?

Key takeaway12 live companies (and LLPs and branches; sole proprietors are not counted) list Tpi Building as their registered address. These are registered businesses, not who occupies the space.

Arts, entertainment and recreation
8
Professional, scientific and technical services
2
Accommodation and food services
2
Wholesale and retail trade
0
Financial and insurance
0
Administrative and support services
0
Information and communications
0
Education
0
Other services
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. ACRA, as of 2026-09-16.

Frequently asked questions about Tpi Building

Where is Tpi Building?⌄

Tpi Building is at 62 Cecil Street, Singapore 049710, in the Downtown Core planning area.

What is Tpi Building zoned as?⌄

Tpi Building sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 12.6.

What is the tenure of Tpi Building?⌄

Tpi Building is 999-year leasehold. About 857 years remain on the lease.

What have units at Tpi Building sold for?⌄

Across 3 recorded transactions, the median price is S$1,399 psf. The latest was in November 1995.

What is the nearest MRT station to Tpi Building?⌄

Telok Ayer MRT is the closest, 90 m away (about a 1-minute walk).

How many businesses are registered at Tpi Building?⌄

13 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.