Downtown Core · central

Raffles Place

S$21.86 per sqft a month, achieved shop rent134,424 taps a working day at RAFFLES PLACE (EW14 + NS26), Exit H opens in this corner

The published record for this corner: measured numbers with their receipts, named absences where the record is empty. No scores, no forecasts, nothing invented.

Achieved shop rent here
S$21.86per sqft, a month quarter to 2026-06
S$9.15 psf25th to 75th percentile; the tick is the medianS$36.09 psf

the darker band is Downtown Core, the lighter one the island; the mark is this corner

Half of Downtown Core’s 13 shopfront-led corners rent between S$9.47–17.39 psf. Half the island’s 229 fall between S$6.89–13.33 psf.
ihow this figure was read
n=9
At least 9 signed contracts stand behind this figure. URA prints no street median under 3 contracts, and n sums that disclosure floor across the pooled streets.
the two ends
pooled across 3 streets. The low end is the cheapest street’s 25th percentile and the high end the dearest street’s 75th percentile; the tick is the median of street medians, and the ends are not quartiles of this corner
source
ura.pmi.street-median:carried · measured on RAFFLES PLACE, COLLYER QUAY, RAFFLES QUAY (and BATTERY ROAD, MALACCA STREET, MARKET STREET, PHILLIP STREET, which set no end here: their newest quarters are dashes and last valued in the quarters to 2023-12-31 and 2026-03-31, so the figure rests on the 3 streets named before them), 82% of whose 39 geocoded postals sit in this corner, so it is filed at this corner at subzone grain · :carried = aggregated up from finer measurements (streets, postals, doors) into this grain, never a direct reading at it · quarter to 2026-06-30 · the last day of the quarter URA's rental-contract table covers. The figure is the median of every contract signed across those three months, so this is the period the median describes and not a day any particular lease was signed · built from 3 of 8 sources known in this subzone (38%): a FLOOR, not a census
But 25 asking prices here say S$13.03 psf. The headline is 9 signed leases at S$21.86 psf. Read both before you budget.
The plan zones 55% of this corner for uses that can hold a shopfront; most of the corner is commercial (51%)
138,255 taps in and out on a working day · 39,826 on a weekend or public holiday
Served by RAFFLES PLACE (EW14 + NS26), 134,424 taps a working day, Exit H opens in this corner; also DOWNTOWN (DT17) 185m to Exit F, TELOK AYER (DT18) Exit C opens in this corner, SHENTON WAY (TE19) 341m to Exit 6
40 residents · 332,600 work here daytime (planning area)
No HDB flats here. This corner is outside HDB's register, not empty of homes
Spend: withheld at source. The publisher printed a dash here, and a dash is not a zero
No income figure for this planning area: SingStat pools it into "Others"
Home rents: a residential rent is not published here yet. That is a gap on our side, not a zero
Home sales: home sale is not published here yet. That is a gap on our side, not a zero
Pick what you sell in the app to count competitors. 7 of the 62 trades carry a counted register; a food format without one gets the licensed-food bound instead; the rest say why no count exists.
A hawker centre stands here: Market Street Hawker Centre (53 stalls)
5 rent readings measured here do not lead this card: 3 not shop space, 2 stood too long
Office space: S$10.21 psf, n=24, quarters to 2026-06, the oldest part quarter to 2023-03 not shop space
Retail space: S$15.54 psf, n=7, as of 2026-08, unchanged since Jan 2026 · 194 days, units of 1,158–2,500 sqft stood too long
All strata pooled: S$16.22 psf, n=28, as of 2026-08, unchanged since Jul 2026 · 10 days, units of 344–5,264 sqft not shop space
Office space: S$11.21 psf, n=304, as of 2026-08, unchanged since Nov 2025 · 248 days, units of 350–25,000 sqft not shop space
Restaurant space: S$12.50 psf, n=1, as of 2026-08, unchanged since Jan 2022 · 1,656 days, units of 2,000 sqft stood too long
31 listings under 30 sqm (S$3.85–90.81 psf) are not pooled into this corner’s rent. 30 sqm is the top of URA’s smallest published size band excluded

The app draws this corner’s buildings, shows it on the island map, checks a rent you were quoted against this record and runs your own numbers.

Open Raffles Place in the app →

This page never scores a door and never predicts a business. You know your margin, staffing and opex; we publish what the ground measures. (The one number that pretended to score was withdrawn on 2026-08-05.)

Every receipt for this corner ↓ What this is

surface written 2026-10-12. Every figure on this page is read from that one file

Raffles Place: every published receipt

How to read a row: the bold figure is the middle of its range and the figures either side are the range’s ends; “carried” means aggregated up from finer measurements (streets, postals, doors) into this corner, never a direct reading at it. The n is the count behind the figure: contracts, awards, units or taps, by instrument. An absent row carries a code and a side, never an instrument or a date, because nothing was measured. Every rent row was measured per square metre a month by its publisher (URA’s street medians, HDB’s awards over their printed floor area, the portals’ asks) and is printed here per square foot, divided once by this record’s own bridge of 10.76 sqft per sqm.

Who is here
Resident population as of 2025-06-30
40 persons

singstat.ghs2025.C020123 · subzone grain

Resident households
withheld at source

suppressed_at_source: withheld or not published at source. GHS publishes no usable dwelling mix for this subzone — SingStat printed a dash, which its own footnotes define as nil OR negligible OR suppressed — three different worlds one glyph cannot distinguish, so this is recorded as the publisher withholding, never as zero. The household count here is the same divide as the spend weights, and with no residents-by-dwelling there is nothing to divide

Daytime workers by place of work (planning area) as of 2025-06-30
332,600 persons

GHS 2025: employed RESIDENTS by workplace planning area. Foreign-worker commuters are outside the frame entirely, so this is a FLOOR on true daytime workers; no-fixed-location (201,500) and work-from-home (82,200) sit in categories, not areas. Planning-area grain: the table publishes nothing finer, so every subzone in DOWNTOWN CORE with premises, taps or residents published at the corner shows this same figure.

singstat.ghs2025.C020148 · planningArea grain

Rent: every published stratum
use: retail · leads the card carried quarter to 2026-06-30
S$9.15–21.86–36.09 psf n=9

built from 3 of 8 sources known in this subzone (38%): a FLOOR, not a census

ura.pmi.street-median:carried · subzone grain · 2026-06-30 is the last day of the quarter URA's rental-contract table covers. The figure is the median of every contract signed across those three months, so this is the period the median describes and not a day any particular lease was signed

propertyType: f-and-b ask carried lowest–highest ask as of 2026-08-03
S$11.37–15.01–30.41 psf n=18

a census: all 5 sources known in this subzone answered

listings.commercialguru.street-ask:carried · subzone grain

propertyType: mall-shop ask carried lowest–highest ask as of 2026-08-03
S$10.00–11.49–13.50 psf n=5

a census: all 2 sources known in this subzone answered

listings.commercialguru.street-ask:carried · subzone grain

propertyType: shophouse ask carried lowest–highest ask as of 2026-08-03
S$12.20–12.59–12.97 psf n=2

a census: all 2 sources known in this subzone answered

listings.srx.postal-ask:carried · subzone grain

hdbTender rent
not yet published: our gap

not_yet_wired: a gap on OUR side of the pipeline. no hdb-tender fact, valued or absent, reached this subzone, and an unexplained gap is ours by rule

Held back (not shop space) · use: office carried quarters to 2026-06-30, the oldest part quarter to 2023-03-31
S$6.75–10.21–13.80 psf n=24

a census: all 8 sources known in this subzone answered

the publisher's own facet types this row "office", which is not shop space. Measured over every per-sqm rent in this artifact, the median of the 804 shopfront rows sits at 1.5x the median of the 171 rows typed "office". Two markets, and this one is not the shop market. The figure is real for what it measures and it is not what a shop costs here

ura.pmi.street-median:carried · subzone grain · 2026-06-30 is the last day of the newest quarter among the 8 streets pooled here; the oldest street's newest valued quarter ends 2023-03-31. Each street's figure is the median of every contract signed across its own three months of URA's rental-contract table, so this row spans more than one quarter and no single quarter describes it

Held back (stood too long) · propertyType: retail ask carried lowest–highest ask as of 2026-08-03
S$9.17–15.54–25.00 psf n=7

a census: all 5 sources known in this subzone answered

listed 194 days before this snapshot (posted 2026-01-20), older than one URA quarter (91 days, the gap between URA's two most recent quarter-ends), and this corner holds a fresher shopfront row: an ask posted 2026-07-23, 184 days after this ask was posted. A landlord's asking price that has stood unmoved for longer than the market's own reporting cycle is not this quarter's market, and it does not lead over one that is

listings.srx.postal-ask:carried · subzone grain

Held back (not shop space) · all strata pooled ask carried lowest–highest ask as of 2026-08-03
S$9.17–16.22–29.97 psf n=28

built from 6 of 8 sources known in this subzone (75%): a FLOOR, not a census

no class word rides this row's facet, so nothing says it is shop space. The shop-rent slot is led only by a row whose publisher's own facet SAYS shopfront. Written the other way round, a portal adding a new type word would leak straight into it, which is how an "Model: Food And Beverage" tag on a warehouse listing got there

listings.commercialguru.street-ask:carried · subzone grain

Held back (not shop space) · propertyType: office ask carried lowest–highest ask as of 2026-08-03
S$5.71–11.21–14.26 psf n=304

a census: all 42 sources known in this subzone answered

the publisher's own facet types this row "office", which is not shop space. Measured over every per-sqm rent in this artifact, the median of the 804 shopfront rows sits at 1.5x the median of the 171 rows typed "office". Two markets, and this one is not the shop market. The figure is real for what it measures and it is not what a shop costs here

listings.srx.postal-ask:carried · subzone grain

Held back (stood too long) · propertyType: restaurant ask carried one ask as of 2026-08-03
S$12.50 psf n=1

a census: all 1 sources known in this subzone answered

listed 1656 days before this snapshot (posted 2022-01-20), older than one URA quarter (91 days, the gap between URA's two most recent quarter-ends), and this corner holds a fresher shopfront row: an ask posted 2026-07-23, 1645 days after this ask was posted. A landlord's asking price that has stood unmoved for longer than the market's own reporting cycle is not this quarter's market, and it does not lead over one that is

listings.srx.postal-ask:carried · subzone grain

residential rent
not yet published: our gap

not_yet_wired: a gap on OUR side of the pipeline. no residential-rent fact, valued or absent, reached this subzone, and an unexplained gap is ours by rule

Rent: the district’s stamped band, one row per size cell
District 01 · Level 1 (street level) · pooled across its size bands · ALL of this corner’s postals quarter to 2026-06-30
S$7.20–14.69–34.64 psf n=3

URA PMI district median at DISTRICT grain, not measured at this corner. ALL of this corner's geocoded postals sit in District 01. The stratum is Level 1 (street level), declared here because URA stamps no all-levels, all-bands district median: the 4 size bands pool UNWEIGHTED: lo the lowest of the bands' lows, hi the highest of their highs, mid the median of band medians, because URA publishes no contract counts to weight with; n=3 is its disclosure floor, not a sample size. Read the bands and match your own floor area.

ura.pmi.district-median · district grain · 2026-06-30 is the last day of the quarter URA's rental-contract table covers. The figure is the district median of every contract signed across those three months in the stratum, so this is the period the median describes and not a day any particular lease was signed

District 01 · Level 1 (street level) · 30 sqm and below quarter to 2026-06-30
S$13.28–19.95–34.64 psf n=3

ura.pmi.district-median · district grain · 2026-06-30 is the last day of the quarter URA's rental-contract table covers. The figure is the district median of every contract signed across those three months in the stratum, so this is the period the median describes and not a day any particular lease was signed

District 01 · Level 1 (street level) · over 30 to 100 sqm quarter to 2026-06-30
S$10.91–17.42–20.36 psf n=3

ura.pmi.district-median · district grain · 2026-06-30 is the last day of the quarter URA's rental-contract table covers. The figure is the district median of every contract signed across those three months in the stratum, so this is the period the median describes and not a day any particular lease was signed

District 01 · Level 1 (street level) · over 100 to 300 sqm quarter to 2026-06-30
S$7.20–11.97–17.10 psf n=3

ura.pmi.district-median · district grain · 2026-06-30 is the last day of the quarter URA's rental-contract table covers. The figure is the district median of every contract signed across those three months in the stratum, so this is the period the median describes and not a day any particular lease was signed

District 01 · Level 1 (street level) · over 300 sqm quarter to 2026-06-30
S$7.38–8.46–10.59 psf n=3

ura.pmi.district-median · district grain · 2026-06-30 is the last day of the quarter URA's rental-contract table covers. The figure is the district median of every contract signed across those three months in the stratum, so this is the period the median describes and not a day any particular lease was signed

Footfall: every measured window
daywindowmodedirtaps/dayn
weekdayam-peakbusin9846
weekdayam-peakbusout60146
weekdayam-peaktrainin1,43223
weekdayam-peaktrainout37,80023
weekend-holidayam-peakbusin4916
weekend-holidayam-peakbusout5516
weekend-holidayam-peaktrainin8488
weekend-holidayam-peaktrainout3,3348
weekdaypm-peakbusin1,24146
weekdaypm-peakbusout22746
weekdaypm-peaktrainin37,13123
weekdaypm-peaktrainout5,89523
weekend-holidaypm-peakbusin16916
weekend-holidaypm-peakbusout8016
weekend-holidaypm-peaktrainin4,1768
weekend-holidaypm-peaktrainout4,2858
weekdayall-daybusin2,45646
weekdayall-daybusout1,37546
weekdayall-daytrainin67,32623
weekdayall-daytrainout67,09823
weekend-holidayall-daybusin84416
weekend-holidayall-daybusout34816
weekend-holidayall-daytrainin18,7628
weekend-holidayall-daytrainout19,8728

this subzone, all trades: rail and bus taps per gazetted day a census: all 2 sources known in this subzone answered

lta.pv.per-day:carried · subzone grain · month to 2026-07-31 · 2026-07-31 is the last day of the month LTA's passenger-volume table covers. The figure is a per-day rate over that whole month's taps, so it names the month, not a day anything was counted

Stations: every one within 400m, or the nearest beyond it
stationtaps/dayfrom the corner’s edgeexits known
RAFFLES PLACE (EW14 + NS26)134,424Exit H opens in this corner10
DOWNTOWN (DT17)50,656185m to Exit F6
TELOK AYER (DT18)37,359Exit C opens in this corner5
SHENTON WAY (TE19)31,793341m to Exit 66

ENTRIES AND EXITS SUMMED on an average weekday, all day. Not boardings: a reader who takes it for boardings is out by roughly half. Each station carries ITS OWN measured weekday taps and its own measured distance to this corner. Nothing is re-allocated and no share is invented, so a station that serves several corners appears on several cards. Distance is straight-line from this corner to the station's NEAREST PUBLISHED EXIT (LTA, 613 exit points), not to a representative address, and not a walking route: the real walk is longer wherever a road, canal or rail line stands in the way, and an underground link reads as its street doorway. Every station within 400m is listed, busiest first. The radius is the only cut. Where an interchange spans two codes the taps are summed and every code is named.

lta.pv.per-day · station grain · month to 2026-07-31 · 2026-07-31 is the last day of the month LTA's passenger-volume table covers. The figure is a per-day rate over that whole month's taps, so it names the month, not a day anything was counted

Hawker centres: NEA’s registry, placed in this corner
Stalls in this corner, open centres only
53 across 1 open centre
centrestallsstatusNEA row updated
Market Street Hawker Centre53Existing (replacement)2026-03-13

NEA's hawker centre registry is a census of 129 centres, each carrying a point, its own cooked-food stall count and its build status; these are the ones whose point falls inside this corner. The stall count above sums the centres NEA says are trading. Where the trade count disagrees, the disagreement is the finding: a stall row that landed in a neighbouring polygon is a join we owe you, not an absence of stalls.

nea.ssot.hawker-centres · subzone grain · as of 2026-03-13 · 2026-03-13 is NEA's own last-refresh stamp (FMEL_UPD_D) on the freshest row in this registry extract, not a survey date. Each centre below carries the stamp on its own row, and they range across more than a year

Household spend: the bridge
Household spend
withheld at source

suppressed_at_source: withheld or not published at source. GHS publishes no usable dwelling mix for this subzone, so the bridge has no weights: a dash that means nil OR suppressed, and a bridge without weights would be the national number wearing a subzone's name. What is withheld is the dwelling MIX: a resident population may still publish above

What households earn: SingStat’s bands, at planning-area grain
Household income (planning area)
not published here

not_published: withheld or not published at source. SingStat publishes the GHS 2025 household income distribution by PLANNING AREA and names 29 of them; DOWNTOWN CORE is not one, so the households here sit inside the table's "Others" row together with 25 other planning areas. That row is an aggregate, not a place, and splitting it would mean inventing a share nobody published. This is the publisher pooling a small resident population, never a statement that households here earn little or that nobody counted them.

Homes: every published sale price
Home sale price (URA caveats)
not yet published: our gap

not_yet_wired: a gap on OUR side of the pipeline. no home-prices fact, valued or absent, reached this subzone, and an unexplained gap is ours by rule

What stands here: every counted stock row
premises.withinContainer carried as of 2026-08-17, the oldest part as of 2026-08-13
8 premises n=8

a census: all 36 sources known in this subzone answered

sfa.trackrecord.by-postal:carried · subzone grain · 2026-08-17 is the newest night SFA's register was read among the 36 postals pooled here; the oldest postal's night is 2026-08-13. Each postal's count is the register as it stood on its own night, so this total spans more than one reading and no single night describes it

stock.rooms carried updated 2024-10-09
146 rooms n=1

a census: all 1 sources known in this subzone answered

stb.hotels.rooms:carried · subzone grain · 2024-10-09 is STB's FMEL_UPD_D stamp on the newest register feature counted here: the day a hotel's record was last updated on the register, not a licence date and not an opening day

What the plan permits: the zoning, by use class
Zoned land whose use class can hold a shopfront Master Plan 2025 with amendments, published 2026-09-21
55% 104,337 of 189,726 zoned sqm, 89 parcels, mean plot ratio 14.35
largest use classesshare of zoned land
commercial51%
road32%
park5.4%

Counted as shopfront-capable: commercial, commercial & residential, residential with commercial at 1st storey, white, business park - white, hotel.

ZONING IS PERMISSION, NOT SUPPLY. This is the share of this corner's zoned land whose use class can hold a shopfront (COMMERCIAL, COMMERCIAL & RESIDENTIAL, RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY, WHITE, BUSINESS PARK - WHITE, HOTEL) under the Master Plan 2025 with amendments. Not floor space that exists, not units for rent, and not a promise any particular unit is licensed for your trade. A low share means the plan gives a shopfront little room here; a high share does not mean anything is built. Each parcel is counted whole in the subzone holding its centroid.

ura.masterplan2025.landuse · subzone grain · published 2026-09-21 · 2026-09-21 is the day URA published this layer on data.gov.sg (Amendment to Master Plan 2025 Land Use Layer, d_7a03324bed531cdff76a16239b0e84e1, URA's stamp 2026-09-21T13:51:24+08:00): the Master Plan 2025, gazetted on 2025-12-01, with URA's amendments in it. A zone URA changes after this date is not in this figure until URA publishes the layer again and this figure is rebuilt

Competitors: every register that reaches here
Hawker stall (cooked food) carried as of 2026-08-17, the oldest part as of 2026-08-13
55 premises n=55

a census: all 36 sources known in this subzone answered

sfa.trackrecord.by-postal:carried · subzone grain · 2026-08-17 is the newest night SFA's register was read among the 36 postals pooled here; the oldest postal's night is 2026-08-13. Each postal's count is the register as it stood on its own night, so this total spans more than one reading and no single night describes it

GP clinic carried as of 2026-08-03
9 premises n=9

a census: all 7 sources known in this subzone answered

moh.chas.clinic:carried · subzone grain

Childcare / preschool (single centre) carried updated 2026-03-23, the oldest part updated 2025-09-24
3 premises n=3

a census: all 3 sources known in this subzone answered

ecda.centres.licensed:carried · subzone grain · 2026-03-23 is the newest register update among the 3 postals pooled here; the oldest part's newest row was updated 2025-09-24. Each part wears its own rows' stamp, so this count spans more than one update day and no single day describes it

Money changer carried as of 2026-08-17
31 premises n=31

a census: all 5 sources known in this subzone answered

mas.fid.payments:carried · subzone grain

Remittance (cross-border) carried as of 2026-08-17
34 premises n=34

a census: all 19 sources known in this subzone answered

mas.fid.payments:carried · subzone grain

Dental clinic carried as of 2026-08-19
13 premises n=13

a census: all 9 sources known in this subzone answered

moh.hcsa.dental:carried · subzone grain

All licensed food premises (container) carried as of 2026-08-17, the oldest part as of 2026-08-13
354 premises n=354

a census: all 48 sources known in this subzone answered

sfa.trackrecord.by-postal:carried · subzone grain · 2026-08-17 is the newest night SFA's register was read among the 48 postals pooled here; the oldest postal's night is 2026-08-13. Each postal's count is the register as it stood on its own night, so this total spans more than one reading and no single night describes it

Tobacco retail licences (HSA) carried as of 2026-08-07
18 premises n=18

a census: all 13 sources known in this subzone answered

a licence overlay, not a trade: a minimart and a petrol station both hold one

hsa.tobacco.retail-licence:carried · subzone grain · 2026-08-07 is HSA's refresh stamp on the register file (data.gov.sg lastUpdatedAt), not a licence date: every row on the register is a licence window, and _meta.build.tobacco counts how many had lapsed or not yet begun at that stamp

Retail pharmacy licences (HSA) carried as of 2025-09-25
2 premises n=2

a census: all 2 sources known in this subzone answered

no pharmacy trade in the 60; ships as its own stratum

hsa.pharmacy.retail-licence:carried · subzone grain

CHAS dental clinics (subsidised patients) carried as of 2026-08-03
1 premises n=1

a census: all 1 sources known in this subzone answered

CHAS dental. NOT a second opinion about how many dental clinics stand here: it counts the ones that take subsidised patients, a subset of the HCSA licensing frame that now publishes `dental-clinic`. Mapping both to the trade would count 140 of the same doors twice; leaving them pooled made them rivals and produced 259 subzones of false disagreement. Ships as its own stratum, which is what it is

moh.chas.clinic:carried · subzone grain

Halal-certified eating establishments (MUIS) carried as of 2026-08-03
22 premises n=22

a census: all 6 sources known in this subzone answered

a certification overlay across many trades

muis.halal:carried · subzone grain

Licensed hotels (Hotels Licensing Board) carried updated 2024-10-09
1 premises n=1

a census: all 1 sources known in this subzone answered

the trade list has hostel; a LICENSED hotel (Hotels Licensing Board register - 468 licensed against the 285 STB gazetted, a wider frame, measured 2026-08-17) is a different licence class and calling it a hostel would invent a competitor count

stb.hotels.licensed:carried · subzone grain · 2024-10-09 is STB's FMEL_UPD_D stamp on the newest register feature counted here: the day a hotel's record was last updated on the register, not a licence date and not an opening day

What was withheld or unreachable here: the ledger
quantitycodesiderows
people.countsuppressed_at_sourcetheirs59
householdSpend.monthlysuppressed_at_sourcetheirs513

Every absent fact carries a reason and a side. "Ours" is our pipeline's backlog; "theirs" is the publisher withholding. Only one of them is fixable by us.