Singapore
Singapore will sell anyone the registered owner of a property for S$5.25 and its full title for S$16.00, no reason asked — but the deeper answer is already free: the public sector owned over 85% of the island by 2007, the State releases land through 99-year leases, and 76% of residents live in HDB flats the government built and sold on 99-year leases of its own.
8 buildings · 8 with an owner established · 33 sources · 7 tier A · 1 tier B · prepared 2026-10-04
The land register is run by the Singapore Land Authority, and anyone may buy a single property's record through its INLIS e-service without stating a reason or proving an interest. SLA's page lists the products — Property Ownership Information, Property Title Information (with or without survey map) and Lot Particulars — payable by card or NETS, and says plainly that 'No subscription fee is required for the service'; the price list inside the public INLIS application reads S$5.25 for Property Ownership Information and S$16.00 for Property Title Information, GST included, and SLA's own statistics show INLIS handling 613,398 transactions in the first nine months of 2025. What cannot be had is the register in bulk: SLA sells no owner dataset at any price. The structural fact that frames every answer is tenure. The State owns most of the land — a Ministry of National Development centre puts public-sector ownership at over 85% by 2007 — and releases it only on leases, typically 99 years, through the Government Land Sales programme whose every award since 1993 URA publishes with the price and the successful tenderer; 76.0% of the resident population lives in HDB flats, themselves sold on 99-year leases. Prices are more open than names: HDB publishes every resale flat transaction with block and street under the Singapore Open Data Licence, URA's caveat-level private transactions are free to browse for a rolling 60 months, and the full history sits in the paid REALIS subscription.
- propertyguru.com.sg — “Terms page could not be opened to quote a clause: HTTP 403 with a Cloudflare 'Just a moment...' challenge body to a scripted fetch. Treated as prohibited and not used; URA's price index and HDB's open resale file replace it.”
- 99.co — “HTTP 403, Cloudflare 'Just a moment... Enable JavaScript and cookies to continue'; terms not quotable. Treated as prohibited and not used.”
- srx.com.sg — “HTTP 403, Cloudflare challenge body; terms not quotable. Treated as prohibited and not used.”
The marquee buildings
The towers that set the tone of the core, and who holds them. A price is the price a document states, on the date it states — not an estimate of what the building is worth now.
| Building | Use | Owner | Owner type | Last price paid |
|---|---|---|---|---|
| Marina Bay Sands 10 Bayfront Avenue, Marina Bay (Downtown Core) 1,844 hotel rooms; ~157,000 sq ft gaming; 620,562 sq ft mall GLA; ~1.2M sq ft convention space · 55 floors |
Mixed use | Las Vegas Sands Corp. (NYSE: LVS), through its wholly owned subsidiary Marina Bay Sands Pte. Ltd. LVS's Form 10-K for FY2025: 'In Singapore, we own and operate the iconic Marina Bay Sands'; 'our wholly owned subsidiary, Marina Bay Sands Pte. Ltd.'; 'MBS entered into a 60-year lease with the STB for the parcels underlying the project site' and 'we paid SGD 1.20 billion … in premium payments for the 60-year lease of the land on which the Marina Bay Sands is located'. Three 55-storey hotel towers, 1,844 rooms; ~157,000 sq ft of gaming; The Shoppes 620,562 sq ft GLA; a 30-year casino concession from August 2006. A further $963 million premium bought the adjacent expansion parcels to August 2066. The ground is State land on lease, not freehold — the Singapore norm. |
Public company | SGD SGD 1.20 billion 2006-08 Premium paid for the 60-year lease of the land under the August 2006 Development Agreement with the Singapore Tourism Board, per LVS's FY2025 10-K — a land-lease premium, not a purchase. A |
| Raffles City Singapore 250 & 252 North Bridge Road, 2 Stamford Road and 80 Bras Basah Road 788,100 sq ft NLA (retail 406,500; office 381,600) |
Mixed use | CapitaLand Integrated Commercial Trust (SGX: C38U) CICT's property page, 'All information as at 31 December 2025 unless otherwise stated': land tenure 'Leasehold tenure of 99 years with effect from 16 July 1979'; joint venture partner's interests '-' (wholly held); 290 tenants; NLA retail 406,500 sq ft and office 381,600 sq ft, total 788,100; year of purchase 2006 at S$2,166.0 million; valuation S$3,434.0 million; 991 car park lots; major tenants by gross rental income Accenture Pte. Ltd., the Economic Development Board and RC Hotels (Pte) Ltd; BCA Green Mark Platinum. A 1979 State lease with 52 years to run — the clock every Singapore valuation is read against. |
REIT | SGD S$2,166.0 million 2006 'Purchase Price in 2006 (S$ million) 2,166.0' on CICT's property page; valuation S$3,434.0 million as at 31 December 2025. A |
| ION Orchard 2 Orchard Turn 624,200 sq ft NLA |
Retail | CapitaLand Integrated Commercial Trust (50%) and Sun Hung Kai Properties (50%) CICT 50%; Sun Hung Kai Properties 50% CICT's property page (as at 31 December 2025): 'Joint Venture Partners' Interests CICT: 50% Sun Hung Kai Properties: 50%'; land tenure 'Leasehold tenure of 99 years with effect from 13 March 2006'; ~280 tenants; NLA 624,200 sq ft; year of purchase 2024; agreed property value S$3,697.0 million (100%); valuation S$3,710.4 million; ~520 car park lots; top tenants by gross rental income NTUC Enterprise Co-Operative Ltd, Hanbaobao Pte. Ltd. and Paradise Group Holdings Pte. Ltd.; BCA Green Mark Gold and LEED. The pack called the 50/50 split tier B from acquisition disclosures; the property page now states it directly. |
REIT | SGD S$3,697.0 million (100% basis) 2024 'Agreed Property Value in 2024 S$3,697.0 million (100%)' for CICT's purchase of its 50% interest; valuation S$3,710.4 million as at 31 December 2025. A |
| CapitaSpring 86 & 88 Market Street 673,800 sq ft NLA |
Office | CapitaLand Integrated Commercial Trust (45%), CapitaLand (45%) and Mitsubishi Estate Co., Ltd. (10%) CICT 45.0%; CapitaLand 45.0%; Mitsubishi Estate 10.0% CICT's property page (as at 31 December 2025): 'Joint Venture Partners' Interests CICT: 45.0% CapitaLand: 45.0% Mitsubishi Estate Co., Ltd.: 10.0%'; land tenure 'Leasehold tenure of 99 years with effect from 1 February 1982'; 30 tenants; NLA 673,800 sq ft; project development estimate S$1,820.0 million including the since-divested serviced-residence component; 'Purchase Price / Agreed Property Value (S$ Million) 2,166' with no date given on the page, so no acquisition is recorded here; valuation S$1,900.0 million excluding the SR component; major tenants JPMorgan Chase, Millennium Capital Management and SMBC Singapore. |
REIT | —A |
| Marina Bay Financial Centre — Towers 1 and 2 and Marina Bay Link Mall 8 Marina Boulevard, Singapore 018981 0.57 million sq ft NLA (Suntec REIT's one-third share; office 0.54M, retail 0.03M) · 50 floors |
Office | Suntec Real Estate Investment Trust (SGX: T82U) — one-third interest; the other two-thirds not established from a page that opened 33.3% Suntec REIT's property page, statistics 'As at 30 June 2026': 'Suntec REIT owns one-third interest in the 33-storey office tower ("Tower 1"), 50-storey office tower ("Tower 2") and a subterranean mall, the Marina Bay Link Mall'; ownership interest 33.3%; title 'Leasehold 99 years from 2005'; purchase price S$1,495.8 million (undated on the page); market valuation S$1.9 billion for the REIT's interest, valued 31 December 2025. The 2005 lease start matches URA's GLS award of the site on 14 July 2005 for S$1,908,315,094.77 to Bayfront Development Pte Ltd, Choicewide Group Limited and Sageland Pte Ltd. Keppel REIT's and Hongkong Land's pages would not open, so the co-owners are not named. |
REIT | —A |
| Suntec City 3, 5, 6, 7, 8 and 9 Temasek Boulevard and 1 Raffles Boulevard 2.4 million sq ft NLA (office 1.2M, retail 0.9M, convention 0.3M; Suntec REIT's interest) |
Mixed use | Suntec Real Estate Investment Trust (SGX: T82U) 53.9% of Suntec City Office Towers; 100.0% of Suntec City Mall; 66.3% of Suntec Singapore Convention and Exhibition Centre Suntec REIT's property page ('As at 30 June 2026'): ownership interest '53.9% of Suntec City Office Towers, 100.0% of Suntec City Mall and 66.3% in Suntec Singapore Convention and Exhibition Centre' — the convention stake rose from 60.8% on 1 July 2020; title 'Leasehold 99 years from 1989'; purchase price S$2,305.3 million (undated on the page); market valuation S$6.0 billion as at 31 December 2025; NLA 2.4 million sq ft; committed occupancy 100% office, 99.6% retail; 3,066 car park lots. 'Five Grade A office towers, Singapore's second largest shopping mall and a world-class convention and exhibition centre'. The balance of the office towers is held by owners the page does not name. |
REIT | —A |
| One Raffles Place 1 Raffles Place 119,654.0 sq m GFA; 65,309.3 sq m NLA · 62 floors |
Mixed use | OUE Real Estate Investment Trust (SGX: TS0U) — 83.33% interest in OUB Centre Limited, which owns an 81.54% beneficial interest in One Raffles Place 83.33% of OUB Centre Limited; OUB Centre Limited holds 81.54% OUE REIT's property page (as of 31 December 2025): Tower 1 'a 62-storey Grade A office building'; Tower 2 'a 38-storey Grade A office building completed in 2012'; the mall 'a six-storey retail podium'. Title: 'One Raffles Place Tower 1: 841-year leasehold title commencing 1 November 1985'; Tower 2 '99-year leasehold title commencing 26 May 1983'; the retail podium straddles two land plots, ~75% of its NLA on the 99-year title and 25% on the 841-year title. Valuation S$1,930.0 million 'based on OUB Centre Limited's 81.54% beneficial interest'. An 841-year lease is as near freehold as the State-lease system gets; the page does not name the holder of the other 18.46%. |
REIT | —A |
| Guoco Tower 1 Wallich Street, Singapore 078881 900,000 sq ft Grade A office, plus six levels of retail and the Sofitel Singapore City Centre · 38 floors |
Mixed use | GuocoLand Limited (SGX: F17) GuocoLand's FY2026 results release of 28 August 2026 names 'the Group's high-quality investment properties in Singapore – Guoco Tower, Guoco Midtown' and states that 'as at 30 June 2026, the office and retail components at Guoco Tower and Guoco Midtown remained 100% committed'; the Group's investment properties across Singapore, China and Malaysia were valued at S$6.86 billion at that date. Size comes from the building's own site (guocotower.com, '© 2013 – 2026 GuocoLand Limited'): 'The 38-storey building offers 900,000 square feet of Grade A office space', six levels of retail — hence tier B. No purchase price or valuation for the tower alone is stated in either document. |
Public company | —B |
The core land
The most valuable ground in the city, and what the public record says about it.
Singapore is the one city here where the State is both register and landlord: it sells the land it owns at open tender, publishes every award since 1993 with the winning price and bidder, and then sells the resulting title record back to anyone for S$5.25. What it does not publish is a parcel-level valuation roll — IRAS Annual Values are per-property and Singpass-gated.
Who builds the houses
New-home building in this market: the volume, and the firms behind it. Ownership of a builder matters as much as its volume — a private-equity platform and a family firm behave differently.
Singapore has no builder league table and the market does not need one to be understood: the Housing & Development Board, a statutory board, builds and sells the majority of all new homes itself, on 99-year leases from the State, and its Key Statistics report the count. Private housing is built by a handful of SGX-listed developers on 99-year GLS sites bought at the tenders URA publishes; their unit sales appear only in their own results releases, which is where the private figures below come from. URA's quarterly release gives the private total — 2,141 units sold by developers in 2Q 2026 — but not a split by developer; the URA Data Service's 'Units Sold by Developers' endpoint would, behind a free key, and was not called here. UOL Group's results pages render client-side and could not be read.
| Name | Type | Units (as each source states them) |
|---|---|---|
| Housing & Development Board HDB Key Statistics 2024/2025: 18,986 under the Build-To-Order system, 5,092 Sale of Balance Flats, 38 SERS replacement flats, 104 others; the FY2024 figure 'includes projected bookings from October 2024 to February 2025 BTO exercises'. The single largest home-builder in the city by a wide margin, and the landlord of 76.0% of residents. |
Government | 24,220 new-flat bookings, FY2024A |
| City Developments Limited CDL's FY2025 results release (27 February 2026): 'the Group and its JV associates sold 1,657 units including ECs, with a total sales value of S$4.35 billion. This marks the highest sales value in the Group's history (FY 2024: 1,489 units with a total sales value of S$2.97 billion)'. The Orie (777 units) 95% sold and Zyon Grand (706 units) 87% sold at the release date. Hong Leong group company. |
Public company | 1,657 units sold in 2025 (incl. ECs), S$4.35 billionA |
| GuocoLand Limited GuocoLand's FY2026 results release: Lentor Modern 605 units, Lentor Hills Residences 598, Lentor Mansion 533 and Lentor Central Residences 477, each shown as 100% sold as at 30 June 2026, with a fifth Lentor site of about 553 units acquired in FY2026. The 2,213 total is our sum of the four stated counts. Guoco Group / Hong Leong company. |
Public company | 2,213 units across four Lentor projects, 100% sold at 30 June 2026A |
| All private developers (URA) URA's 2Q 2026 real estate statistics: developers launched 1,783 uncompleted private residential units (excluding ECs) and sold 2,141 in the quarter, against 1,844 launched and 2,013 sold in 1Q 2026; 175 EC units sold. 3,813 resale transactions were 62.0% of all sales. The market total that no developer-level table exists for. |
Developer | 2,141 units sold, 2Q 2026A |
Commercial landlords
The commercial side, counted separately from housing: who holds the office, retail and industrial floor area.
Singapore's large commercial landlords are listed, so their holdings are stated in their own filings and property pages rather than in any register. The S-REIT sector is the largest in Asia outside Japan — 39 trusts, about S$100 billion of market capitalisation at 18 September 2026 per REITAS — and the three trusts below between them hold most of Marina Bay and Raffles Place. Where a trust's site would not open (Keppel REIT, MPACT) only what did open is stated. Several sponsors are Temasek-linked; CapitaLand and Mapletree are Temasek portfolio companies, a fact about the entities, which is why the sovereign thread runs through the sector without any sovereign fund appearing on a title.
| Name | Type | Portfolio as stated |
|---|---|---|
| CapitaLand Integrated Commercial Trust CICT's 'Who We Are' page: 'CICT's portfolio comprises 20 properties in Singapore, two properties in Frankfurt, Germany, and three properties in Sydney, Australia with a total property value of S$28.7 billion based on valuations of its proportionate interests in the portfolio as at 31 December 2025', excluding Asia Square Tower 2, divested 17 September 2026; market capitalisation S$18.2 billion at 31 December 2025. 'The largest proxy for Singapore commercial real estate.' Sponsor CapitaLand Investment. |
REIT | 20 Singapore properties; S$28.7bn total portfolio valueA |
| Suntec Real Estate Investment Trust Three Suntec REIT property pages, each 'As at 30 June 2026' with valuations as at 31 December 2025: Suntec City S$6.0 billion (53.9% of the office towers, 100% of the mall, 66.3% of the convention centre); MBFC Towers 1 and 2 and Marina Bay Link Mall S$1.9 billion for a 33.3% interest; One Raffles Quay S$1.4 billion for a 33.3% interest, 'Leasehold 99 years from 2001', purchase price S$941.5 million. The S$9.3 billion Singapore total is our sum. |
REIT | Suntec City S$6.0bn + one-third of MBFC (S$1.9bn) + one-third of One Raffles Quay (S$1.4bn)B |
| Keppel REIT Keppel REIT's about-us page: 'As at 31 December 2025, Keppel REIT had a total portfolio value of approximately $11.7 billion, comprising properties in Singapore; the key Australian cities of Sydney, Melbourne and Perth, Seoul, South Korea, as well as Tokyo, Japan.' Its Singapore buildings and stakes could not be read — every portfolio path 404s and the factsheet PDF has no text layer — so no Singapore figure is given. |
REIT | ~S$11.7bn portfolio value (Singapore, Australia, Korea, Japan)A |
| OUE Real Estate Investment Trust OUE REIT's property pages as of 31 December 2025: One Raffles Place valued at S$1,930.0 million on OUB Centre Limited's 81.54% beneficial interest, GFA 119,654 sq m; OUE Bayfront, OUE Tower and OUE Link at 50, 60 and 62 Collyer Quay, 50% interest through OUE Allianz Bayfront LLP, valuation S$1,422.0 million at 100%, GFA 46,626 sq m, 99-year title from 12 November 2007. Sponsor OUE Limited. |
REIT | One Raffles Place S$1,930.0m (81.54% beneficial) and 50% of OUE Bayfront (S$1,422.0m at 100%)B |
| GuocoLand Limited FY2026 results release: 'The Group's investment properties – the total value of which stood at S$6.86 billion as at 30 June 2026 – are located across its key markets of Singapore, China and Malaysia, such as Guoco Tower and Guoco Midtown in Singapore, Guoco Changfeng City in Shanghai, and Damansara City in Kuala Lumpur'; Guoco Tower and Guoco Midtown office and retail 100% committed; Lentor Modern mall opened January 2026. |
Public company | S$6.86bn investment properties (30 June 2026)A |
| Las Vegas Sands Corp. FY2025 Form 10-K: The Shoppes at Marina Bay Sands 620,562 sq ft gross leasable area, 97.0% occupied, base rent $393 per sq ft, tenant sales $2,967 per sq ft; ~1.2 million sq ft of meeting and convention space; three 55-storey hotel towers. Land held on a 60-year lease from the Singapore Tourism Board; a SGD 4.5 billion minimum-cost expansion is under way on adjacent leased parcels to 2066. |
Public company | 620,562 sq ft mall + ~1.2M sq ft convention + 1,844 rooms at Marina Bay SandsA |
Looked for and not found
Claims this page would have made if a source could be opened. They are left out rather than guessed.
- The co-owners of the other two-thirds of Marina Bay Financial Centre and One Raffles Quay. Keppel REIT's portfolio pages 404 and its 2026 factsheet PDF has no text layer; Hongkong Land's Singapore pages were not attempted after the pack reported them as JS shells. Only Suntec REIT's one-third is asserted.
- Mapletree Pan Asia Commercial Trust's Singapore holdings (VivoCity, Mapletree Business City, mTower, Bank of America HarbourFront, Mapletree Anson): mpact.com.sg timed out to curl and to WebFetch, so no figure is given for a Temasek-linked landlord that would otherwise rank near the top.
- Marina One and DUO. The developer M+S Pte Ltd's site would not connect; no owner is asserted and neither building is listed.
- UOL Group's 2025 unit sales. The results and news-release pages render client-side; a FY2025 figure exists in UOL's SGX filing but no page carrying it opened.
- Republic Plaza's owner. cdlcommercial.com.sg sits behind Cloudflare; CDL's corporate newsroom opened but does not state the building's ownership, so it is not listed.
- A current share of land owned by the State. SLA publishes none; the 'over 85%' figure is the Ministry of National Development centre's 2007 reading, and the oft-quoted 90% could not be found on any .gov.sg page.
- HDB's 2026 flat-launch programme. The quarterly 'public housing data and upcoming flat supply' releases exist (search engines index them) but every URL returned a 404 shell to scripts and to WebFetch; only the FY2024 Key Statistics PDF is used.
- IRAS Annual Values. The pack found the enquiry Singpass-gated and chargeable; it was not re-tested, and no assessed value appears on this page.
- The CapitaSpring acquisition date. CICT's page prints 'Purchase Price / Agreed Property Value (S$ Million) 2,166' without a date, so no acquisition row is recorded.
Sources
- Land Titles Search — Singapore Land Authority · openA
- INLIS — Integrated Land Information Service (fee table read from the public application bundle) — Singapore Land Authority · paidA
- Fees for Property Registration Services — Singapore Land Authority · openA
- Properties — Overview (about 11,000 hectares of State land and about 2,600 State properties) — Singapore Land Authority · openA
- Statistics — INLIS Transaction Volume; Electronic Searches DIPS STARS; Total Land Area of Singapore (31 Dec) — Singapore Land Authority · openA
- HDB Key Statistics 2024/2025 — Housing & Development Board · openA
- Residential Dwellings, Annual (table M400751) — Department of Statistics Singapore · openA
- Resident Households By Type Of Dwelling, Annual (table M810351) — Department of Statistics Singapore · openA
- Resale Flat Prices (based on registration date), from Jan 2017 onwards — 241,920 records — Housing & Development Board, via data.gov.sg · openA
- Singapore Open Data Licence — data.gov.sg (Government Technology Agency) · openA
- Property Data (private residential and commercial statistics; REALIS subscription) — Urban Redevelopment Authority · openA
- Past Sales Sites — Commercial, Hotel, White, Industrial, Residential and Others Sites (XLSX, 443 awards 1993–2026) — Urban Redevelopment Authority · openA
- Release of 2nd Quarter 2026 real estate statistics — Urban Redevelopment Authority · openA
- Release of flash estimate for 3rd Quarter 2026 private residential property price index — Urban Redevelopment Authority · openA
- Las Vegas Sands Corp. Form 10-K for the year ended 31 December 2025 — Las Vegas Sands Corp., via SEC EDGAR · openA
- Raffles City Singapore — property information as at 31 December 2025 — CapitaLand Integrated Commercial Trust · openA
- ION Orchard — property information as at 31 December 2025 — CapitaLand Integrated Commercial Trust · openA
- CapitaSpring — property information as at 31 December 2025 — CapitaLand Integrated Commercial Trust · openA
- Who We Are (portfolio value as at 31 December 2025) — CapitaLand Integrated Commercial Trust · openA
- Suntec City — property statistics as at 30 June 2026 — Suntec Real Estate Investment Trust · openA
- MBFC Properties — property statistics as at 30 June 2026 — Suntec Real Estate Investment Trust · openA
- One Raffles Quay — property statistics as at 30 June 2026 — Suntec Real Estate Investment Trust · openA
- One Raffles Place — as of 31 December 2025 — OUE Real Estate Investment Trust · openA
- OUE Bayfront — as of 31 December 2025 — OUE Real Estate Investment Trust · openA
- GuocoLand reports FY2026 revenue of S$1.43 billion and proportionate revenue from Singapore joint ventures of S$391 million (press release, 28 August 2026) — GuocoLand Limited · openA
- Guoco Tower — At A Glance — GuocoLand Limited (guocotower.com) · openA
- CDL triples FY 2025 PATMI to S$629.7 million driven by strong Singapore residential sales and disciplined capital recycling (27 February 2026) — City Developments Limited · openA
- About Us (portfolio value as at 31 December 2025) — Keppel REIT · openA
- Overview of the S-REIT Industry (as at 18 September 2026) — REIT Association of Singapore · openA
- Urban Systems Studies — Land Acquisition and Resettlement: Securing Resources for Development (PDF) — Centre for Liveable Cities, Ministry of National Development · openA
- PropertyGuru Terms of Service (not readable: Cloudflare 403) — PropertyGuru Pte. Ltd. · blockedC
- 99.co Terms (not readable: Cloudflare 403) — 99.co · blockedC
- SRX Terms of Use (not readable: Cloudflare 403) — SRX Property · blockedC