V on Shenton: CBD Living in a 54-Storey Mixed-Use Tower on Shenton Way
Updated 2026-10-28
V on Shenton is a 510-unit mixed-use development at 5A Shenton Way, completed in 2017 by UIC Investments. With 101 current listings averaging S$5,006,115 and a walk to Shenton Way MRT, it sits at the centre of the CBD's shift from office district to residential neighbourhood.
What is V on Shenton?
V on Shenton is a 99-year leasehold mixed-use development at 5A Shenton Way in District 1, completed in 2017. The project comprises a 54-storey residential tower with 510 units and a separate 23-storey office tower, developed by UIC Investments (Properties) Pte Ltd. Units range from studios to four-bedroom penthouses, with facilities including a sky terrace, lap pool, aqua gym, gymnasium, clubhouse and landscaped sky gardens offering views over Marina Bay.
The development sits on a 6,065 square metre site at the southern end of Shenton Way, between Tanjong Pagar and Raffles Place. Its buyer profile reflects the CBD location: roughly 55 per cent Singaporean, 15 per cent permanent resident and 26 per cent foreign purchasers, according to EdgeProp caveat data.
How much does a unit at V on Shenton cost?
Across 101 current listings on Hombble, the average asking price is S$5,006,115, with an average unit size of 2,075 square feet and an average of S$2,278 per square foot. These are asking prices for units currently on the market, which skew towards the larger layouts.
For context, recent transacted prices in 2026 have ranged from S$1,776 to S$2,130 per square foot, with an average of roughly S$1,906 psf. That places V on Shenton below its 2018 historical high of S$3,225 psf, which was recorded for a compact 452-square-foot unit. Buyers looking at the development today are paying materially less per square foot than early purchasers did at peak.
Transport and getting around
Shenton Way MRT station (TE19) on the Thomson-East Coast Line opened in November 2022 and sits roughly three minutes on foot from V on Shenton. This gives residents a direct north-south rail link running from Woodlands through Orchard to Marina Bay. Tanjong Pagar MRT (EW15) on the East-West Line is about six minutes away on foot, connecting to Jurong East and Changi.
Marina Bay MRT station, a short walk or one stop south on the TEL, serves as an interchange between the Thomson-East Coast, Circle, and North-South lines. For drivers, the Marina Coastal Expressway and Ayer Rajah Expressway provide access to the eastern and western corridors respectively. The final stage of the Thomson-East Coast Line, extending to Sungei Bedok, is expected to open in the second half of 2026, adding further reach to the network.
What schools and amenities are near V on Shenton?
The CBD is not traditionally a schools hub, and families with primary-age children will need to look slightly beyond the immediate area. Cantonment Primary School in neighbouring Outram is the closest government primary school. Radin Mas Primary in Bukit Purmei and CHIJ (Kellock) are also within a short commute. Pre-schools are more plentiful within walking distance of the Tanjong Pagar and Shenton Way corridor.
Daily amenities are well served. Guoco Tower and Tanjong Pagar Centre, both integrated developments, offer supermarkets, dining and retail. OUE Downtown and 100AM sit within walking distance, as does the Amoy Street and Telok Ayer food enclave, one of the most concentrated stretches of restaurants and hawker food in the city centre. Lau Pa Sat festival market is a five-minute walk away.
The CBD's shift from offices to homes
The URA introduced the Central Business District Incentive scheme in 2019, offering a 25 to 30 per cent plot ratio increase to owners of office buildings at least 20 years old who convert them to mixed-use or residential projects. The scheme covers Shenton Way, Robinson Road, Cecil Street, Anson Road and Tanjong Pagar, and it has already drawn significant redevelopment interest.
The most visible example is the former AXA Tower at 8 Shenton Way, which received in-principle approval for redevelopment into a 63-storey integrated building with offices, a hotel and residences. This wave of conversion means more residents, more street-level retail, and a neighbourhood that functions outside office hours. V on Shenton, completed before the scheme began, is already positioned in the middle of this transformation.
Outlook for V on Shenton
V on Shenton benefits from two structural tailwinds. First, the Thomson-East Coast Line has materially improved rail access since the development was completed, and the line's final stage will extend that reach further by late 2026. Second, the URA's deliberate push to inject housing into the CBD is turning Shenton Way from a nine-to-five corridor into a mixed-use neighbourhood, with new residents, dining and services following.
The development's 99-year lease commenced in November 2011, leaving roughly 84 years. All 101 current listings are condominium units. For buyers weighing a CBD address against suburban space, the proposition here is proximity: a three-minute walk to the MRT, a central location between Raffles Place and Tanjong Pagar, and a neighbourhood that is still mid-transformation with room to mature.