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55 Market Street

📍 55 Market Street 048941
🗺️ D01 — Raffles Place, Marina, Cecil
🏢 MCST 4895Office · Retail🆔 UEN T24MC0023J✓ Management Directory

About 55 Market Street

55 Market Street is a 16-storey office building with retail space at 55 Market Street, Singapore 048941, in the Raffles Place financial district, District 1. It stands on a compact site of about 6,575 square feet held on a 999-year lease. Property reports give a completion year of 2006 and a net lettable area of a little over 83,000 square feet, with office floors above retail levels at the base.

The building has changed hands several times as a whole. It was part of the portfolio of Frasers Commercial Trust until 2018, then owned by the fund manager AEW, and has belonged to a Singapore unit of Japan's Kajima Corporation since 2022. In September 2025 Bloomberg reported that the tower had been mostly empty for months while the owner sought a buyer, first for individual floors and later for the whole building. Occupancy may have changed since.

Interesting facts

  • Frasers Commercial Trust sold the building to AEW in 2018 for $216.8 million.

  • AEW refurbished it, with works finished in early 2020, and reconfigured the layout to add more than 11,000 square feet of lettable space.

  • Kajima's unit agreed to buy it in February 2022 for about $286.9 million, or roughly $3,450 per square foot of lettable area.

  • Market Street appears on G. D. Coleman's 1836 map of the town. It was long associated with Chettiar moneylenders, whose shophouses were demolished in 1982 and 1983.

Nearby

Raffles Place MRT (North-South and East-West lines) is about 2 minutes' walk, and Telok Ayer MRT (Downtown Line) about 5 minutes. Neighbours include CapitaSpring, Republic Plaza, CapitaGreen and 137 Market Street. Food options include the Market Street Hawker Centre in CapitaSpring and Lau Pa Sat, about 5 minutes away. Boat Quay and the Singapore River are a short walk north.

Key facts

  • Address: 55 Market Street, Singapore 048941

  • District: 1

  • Property type: Office with retail

  • Completed: 2006 (as reported); refurbished 2020

  • Tenure: 999-year leasehold

  • Storeys: 16

  • Floor area: about 83,000 sq ft net lettable; about 91,100 sq ft gross

  • Nearest MRT: Raffles Place (NS/EW), Telok Ayer (DT)

  • MCST: 4895