Shenton Way homes: prices, transport and the CBD rebuild
Updated 2026-09-30
Shenton Way is an office street in Singapore's Downtown Core that is being given a resident population, one redevelopment at a time. Hombble currently lists 200 condominium homes around the station at an average asking price of S$6,068,449. This guide covers what living there is actually like, what happened to Shenton House, and what 1 Shenton Way is.
What is it like to live on Shenton Way?
Living on Shenton Way means living inside the financial district rather than beside it. The street is lined with offices including Asia Square Tower 1 and 2, SGX Centre, OUE Downtown and Marina One, and the residential buildings sit among them rather than in a separate enclave.
Day to day that cuts both ways. Eating out is dense, with the food halls at Marina One's basement and street levels, the restaurants inside Asia Square and The Westin Singapore all in the same cluster. Full grocery shopping is thinner, with the nearest supermarkets a walk or short ride away at China Square Central, Tanjong Pagar Plaza and Chin Swee Road.
There is no primary school on Shenton Way itself. The closest sit in the Outram and Bukit Merah area, including Cantonment Primary School at 1 Cantonment Close, CHIJ (Kellock) and Radin Mas Primary. Registration distances and vacancies change every year, so check the Ministry of Education's school finder before committing to an address.
Is Shenton House for sale?
Not as a home you can buy into. Shenton House at 3 Shenton Way was sold collectively in 2023 for S$538 million to Shenton 101 Pte Ltd, and the site is being redeveloped rather than traded unit by unit.
It was a 25-storey commercial block of 203 strata units plus a carpark, with frontage on Shenton Way, Park Street and Shenton Lane, so the units were offices and shops rather than flats. The sale took three attempts: a first tender at S$590 million drew no bid, a second at a lower S$538 million failed to win enough owner consent, and the third closed at that price. The buyer plans a Grade A office and branded serviced residence scheme, split roughly 60 per cent commercial to 40 per cent residential, under the CBD Incentive Scheme with a 25 per cent plot ratio uplift.
If you are searching for a home on the street, the buildings to look at are One Shenton and V on Shenton.
What is 1 Shenton Way?
1 Shenton Way is the address of One Shenton, a 99-year leasehold condominium completed in 2011 by City Developments. It holds about 341 homes and 11 retail units across two towers of 50 and 43 storeys, designed by the architect Carlos Ott.
Layouts run from one to four bedrooms, with sky suites and sky villas at the upper levels. Its strongest practical feature is transport: Shenton Way, Downtown and Marina Bay stations all sit within roughly 500 metres of the door.
What the 200 listings near the station look like
Hombble currently shows 200 live listings around Shenton Way station, all of them condominium units, at an average asking price of S$6,068,449. The average listing is 2,521 sqft and prices at S$2,286 per square foot.
Read those figures together before drawing a conclusion about the area. An average size above 2,500 sqft means the pool leans towards large formats, penthouses and sky villas rather than the one and two-bedroom units that make up most of the district's stock, which is why the average ask sits so high.
For comparison, portal data puts recent One Shenton transactions a little above S$1,800 psf over the past year, and V on Shenton in the region of S$1,900 psf over twelve months, with individual deals spread widely by floor, outlook and condition. Entry pricing in the area is therefore well below the headline average asking figure.
Transport: the station and the lines around it
Shenton Way station is TE19 on the Thomson-East Coast Line, sited at 2 Park Street, and it opened on 13 November 2022. It has six exits, several of which run directly into adjacent buildings rather than onto the pavement.
Exit 1 leads to Downtown station on the Downtown Line, Central Linear Park and Marina Bay Financial Centre. Exit 3 on Park Street serves One Shenton, V on Shenton, SGX Centre and OUE Downtown, while other exits connect into Asia Square, Marina One and the UIC Building. Raffles Place and Tanjong Pagar stations are both within walking distance, so the North-South, East-West and Circle lines are reachable on foot.
The line is still being extended. Stage 5, running from Bayshore to Sungei Bedok, is due to open in the second half of 2026 and will add a Downtown Line interchange at Sungei Bedok.
Outlook: an office district adding residents
URA's Master Plan calls for more homes around Shenton Way and Tanjong Pagar to improve the live-work-play mix, and the CBD Incentive Scheme, introduced in 2019, delivers it by granting extra floor area to owners who convert ageing offices into mixed-use buildings.
The results are already visible. 8 Shenton Way, which replaces the 1986 AXA Tower, is a 63-storey tower rising to about 305 metres with offices, homes, a hotel and retail. Newport Plaza on Anson Road is the first freehold project approved under the scheme, and Shenton House follows behind them. Further out, the Greater Southern Waterfront plan includes a continuous promenade from Marina South to Labrador.
For sellers, that pipeline is competition as much as a tailwind, because several new buildings will arrive with amenities older stock cannot match. For buyers, it is the main argument for the area, provided the price already accounts for years of construction nearby.