April 2015
Singapore | Hong Kong
The Office
A review of the Singapore office market
All new developments have been
particularly successful
Index
Page
Overall CBD vacancy rate is around 4.25%
Supply of new office space over next 18
months will be limited
The Gateway
Rentals grew by 9.5% in 2014 and are
expected to advance further in 2015
02
Rental Table - Asking Rents
03
Top Prime Offices
04
Financial District - Upper Mid-Range/Prime
05
Financial District - Economy/Mid-Range
06
Value for Money / Edge of CBD
07
Orchard Road
08
Decentralised / Business/Commercial
Corporate Locations (S) Pte Ltd License No. L3010044A
T +65 6320 8355 / contact@corporatelocations.com.sg / www.corporatelocations.com.sg
Rental Guide - Summary of Asking Rates
Raffles Place / Marina Bay
6 Battery Road
$9.50 / $15.00
20 Collyer Quay
$12.00 - $14.00
55 Market Street
$8.50
Asia Square Tower 1
$18.00
Asia Square Tower 2
$18.00
Bank of China Building
Full
Bharat Building
$8.00
Bank of Singapore Centre
$10.50
Chevron House
$9.50
Clifford Centre
$8.50
Income@RafflesFull
Maybank Tower Full
MBFC Tower 1, 2 & 3
TBC
OCBC Centre $9.50+
OCBC Centre East
$9.80
Ocean Financial Centre
$15.00
One Finlayson Green Full
One George Street
$12.00
One Marina Boulevard
Full
One Raffles Place Tower 1
$11.00 - $13.50
One Raffles Place Tower 2
$10.50 - $13.50
One Raffles Quay North Tower
$15.00
OUE Bayfront
$16.00
RB Capital Building
$8.50
Republic Plaza 1 $11.00 - $13.00
Republic Plaza 2
Full
Royal Group Building
Full
Royal One Phillip $10.00
Singapore Land Tower
$11.00
Straits Trading Building
$10.50
The Arcade
$7.70
UOB Plaza 1
$13.50
UOB Plaza 2
$12.00
Robinson Road / Shenton Way
4 Robinson Road
6 Raffles Quay
60 Robinson Road
71 Robinson Road
80 Robinson Road
120 Robinson Road
135 Cecil Street
137 Telok Ayer Street
146 Robinson Road
150 Cecil Street
158 Cecil Street
AIA Tower
ASO Building
Bangkok Bank Building
CapitaGreen
Capital Square
Capital Tower
Cecil Court
China Square Central
City House
CPF Building
Far East Finance Building
Far Eastern Bank Building
$8.00
$8.50 - $9.50
Full
$9.00
Full
$8.00
$8.00
$8.00
$5.50
$6.50
$8.80
Full
Full
Full
$16.00 - $18.00
$11.00
POA
$6.50
$9.50
$7.80 - $8.50
$7.30
Full
$6.50
Finexis Building GB Building
Grace Global Raffles
Great Eastern Centre Hong Leong Building
Keck Seng Tower
PIL Building
PWC Building
Prudential Tower
Robinson 77
Robinson 112
Robinson Centre
Robinson Point Samsung Hub
SGX Centre
SIF Building
Shenton House
The Globe
The Octagon
Tokio Marine Centre
Tong Eng Building
Full
$7.00
Full
$10.00
$9.50
$7.00 - $7.50
$8.00
$9.50
$10.50
$8.50
$7.50
$8.50
Full
$10.00
$9.00
Full
$5.00 - $6.00
Full
$6.00 - $6.50
$8.50
Full
Orchard Road / Dhoby Ghaut
50 Scotts Road
Full
51 Cuppage Road
$8.50+
182 Clemenceau Ave
$7.50
Albert ComplexFull
Burlington Square
Full
Faber House$9.50
Fortune Centre&5.80
Forum$8.00
Goldbell Towers$9.50
Haw Par Centre$7.00
Haw Par Glass Tower$4.80
International Building
$8.50
Liat Towers $10.00
Manulife Centre $8.80
Ngee Ann City $12.00
Orchard Building
Full
Palais Renaissance
$9.20
Park Mall $7.80
Regency House
$8.00
Shaw Centre$8.00
Shaw House $9.00
Singapore Pools Building
Full
Sunshine Plaza$7.00
Tanglin Shopping Centre$6.50
The Atrium @OrchardFull
The Bencoolen$7.00
The Heeren$12.00
The ParagonFull
Thong Teck Building Full
Tong Building
$8.00
TripleOne Somerset
$9.50+
VisionCrest Commercial
$11.00
Wheelock Place
$15.00
Wilkie Edge Full
Winsland House 1 & 2
$13.00
Wisma Atria
$12.00
Tanjong Pagar
Edge of CBD
78 Shenton Way
$7.80
79 Anson Road
$8.00
ABI Plaza
Full
Amara Corporate Tower
TBC
Anson Centre
Full
Anson House $9.50
AXA Tower
$9.50
Fuji Xerox Towers
$7.50 - $8.50
Hub Synergy Point
Full
International Plaza
$6.50 - $7.50
Jit Poh Building
$6.50
Keppel Towers
$7.00
Mapletree Anson
$9.00
MAS Building
Full
St. Andrew’s Centre
Full
SouthpointFull
Springleaf Tower
$8.00 - $8.50
Tower Fifteen
$7.50
Twenty Anson
$9.00
Alfa Centre
Boon Siew Building
Central Plaza
Goldhill Plaza
Newton 200
Novena Square A
Novena Square B
Rex House
SLF Building
The Metropolis Tower 1 & 2
United Square City Hall / Marina Centre / Beach Road
11 Beach Road
30 Hill Street
67 High Street
Bugis Junction Towers
Centennial Tower
Millenia Tower
Odeon Tower
One Raffles Link
Parkview Square
Peninsula Plaza
Raffles City Tower
Shaw Tower South Beach Tower
Stamford Court
Suntec Towers 1-3
Suntec Towers 4-5
The Adelphi
The Concourse
The Gateway East and West
$7.00
Full
Full
Full
$15.50
$15.50
$9.50
Full
$8.50
$6.50
$12.00
$6.40 - $6.70
$13.00
$8.00
$9.00 - $12.00
$10.00 - $12.00
$7.20
$8.50
$8.50
Chinatown / River Valley Road
Central Central Mall
Chinatown Point
Great World City East
Great World City West
King’s Centre Royal Merukh S.E.A. Building
UE Square
Valley Point
$9.80
$5.50 - $7.80
$6.00 - $6.50
$7.80
$7.80
$7.00
Full
$8.00
$8.00
$7.00
Full
$7.50
Full
Full
$9.50
Full
Full
$5.00
$8.50
$9.00
West / Others
Alexandra Point $7.50
Alexandra Techno Park*
$4.50
Harbourfront Centre $7.20 - $7.80
Harbourfront Tower 1
$7.80
Harbourfront Tower 2
$6.20 - $7.50
Harbour Link TBC
International Business Park (Jurong)*
$4.50
JEM$6.20
Keppel Bay Tower
$9.00
Mapletree Business City*
Full
New Tech Park* Full
Pacific Tech Centre* $3.55
PSA Building
$7.50 - $8.00
PSA Vista
$4.80
Singapore Science Park I, II & III*
$4.50
Sime Darby Business Centre*
Full
Tech Point* $3.20
The Signature*
$3.70 - $4.00
UE BizHub East*
$4.50
Westgate
$6.50 - $6.90
East
Abacus Plaza $5.50
AIA Tampines
TBC
Changi Business Park*
$4.50
Cisco Centre II
Full
CPF Tampines Building
$5.40
KA Centre*
$3.20
KA Place*
Full
NTUC Tampines Junction
$5.80
NTUC Tampines Point
$5.50
Parkway Parade
Full
Singapore Post Centre
$6.50
Tampines Concourse
$5.50
Tampines Grande
$6.20
Tampines Plaza
Full
Techlink*$3.20
Technopark @Chai Chee*
$3.50
Tech View*
$3.20
* Light industrial space
All rents quoted are asking rental rates and subject to change without prior notice
Contact Our Senior Team Members
Douglas Dunkerley
Director
Edmund Goh
Director
Darren Ng
Senior Manager
Ellynn Yap
Sr. Marketing Executive
John Lee
Sr. Marketing Executive
CEA Reg No. R030779G
CEA Reg No. R030777J
CEA Reg No. R022103E
CEA Reg No. R050491F
CEA Reg No. R016701D
T +65 6391 5200
T +65 6391 5201
T +65 6391 5209
T +65 6391 5212
T +65 6391 5211
ddunkerley@corporatelocations.com.sg
edmundgoh@corporatelocations.com.sg
darrenng@corporatelocations.com.sg
ellynnyap@corporatelocations.com.sg
johnlee@corporatelocations.com.sg
‘Finding Office Space For You, With You’
100 Beach Road, #17-07 Shaw Tower, Singapore 189702
T +65 6320 8355
www.corporatelocations.com.sg
Disclaimer
The information in this publication should be
regarded as a general guide only. Whilst every
care is taken in it preparation, no representation is
made or responsibility accepted for its accuracy or
completeness. The rentals mentioned are neither
asking rentals nor rentals agreed by property owners,
but only represent the writers views on estimated
rentals and is intended as reference only.
03
Top Prime Offices
*All rents quoted are estimated target effective rates subject to negotiations and are not the landlords quoted figure
$14.00 psf*
$13.00+ psf*
Units from 3,100 – 29,000 sq ft
Units from 4,000 – 40,000 sq ft
OUE Bayfront Collyer Quay
One Raffles Quay North Tower
Top quality office tower on edge
of Raffles Place
Average floor size 22,000 sq ft
New tenants include Cargill
Group, Bordie & Cie, SK Energy
and Jardine Lloyd Thompson
$15.50 - $16.00+ psf*
$14.00 - $15.00 psf*
Units from 1,824 – 136,000 sq ft
Units from 3,000 – 19,666 sq ft
CapitaGreen Market Street, Raffles Place
MBFC Tower 3
Marina Bay Financial Centre Tower 3
Marina Bvld, New Downtown
One Raffles Place Tower 2
Asia Square Towers 1 & 2
World Class Office
Amentities include 5 star hotel, leisure centre, food court & link to MRT
Average floor size 30,000 - 35,000 sq ft
$11.50 - $12.00 psf*
$12.00+ psf*
Units from 3,896 – 11,668 sq ft
Units from 4,650 – 21,711 sq ft
One Raffles Place Tower 2
Ocean Financial Centre Raffles Place
$14.00 - $15.00+ psf*
Units from 2,300 – 100,000 sq ft
Asia Square Towers 1 & 2 12 Marina View, New Downtown
Ocean Financial Centre
04
Financial District - Upper Mid-Range / Prime
*All rents quoted are estimated target effective rates subject to negotiations and are not the landlords quoted figure
$9.50 - $10.50 psf*
$9.50 psf*
Units from 1,050 – 12,045 sq ft
Units from 3,000 – 27,000 sq ft
Suntec City Twrs 1- 4 Temasek Boulevard
Bank of Singapore Centre Raffles Place
Bank of Singapore Centre
$10.80+ psf*
Units from 1,200 – 13,000 sq ft
Republic Plaza 1
Republic Plaza 1 Raffles Place
$10.00+ psf*
$11.00+ psf*
$10.00+ psf*
$10.00 psf*
Units from 1,119 – 6,283 sq ft
Units from 1,316 – 7,621 sq ft
Units from 3,000 – 15,600 sq ft
Units from 10,000 – 65,000 sq ft
South Beach Tower Beach Road
Capital Tower Robinson Road
OCBC Centre Chulia Street / Raffles Place
UOB Plaza II Raffles Place
Demand All new developments have been particularly successful
Demand for new office space in Singapore
has been robust over the last twelve months,
with the new developments both inside
and outside the CBD being particularly
successful. Outside the CBD, Westgate in
Jurong has leased well with engineering and
infrastructure firm CPG taking some 83,000
sq ft and other new tenants include Lockheed
Martin. Aperia Building in Lavender secured
Audi/Volkswagon and Roche Diagnostics
as their first major tenants earlier last year
and more recent tenants include Experian,
Shimizu Corporation and BBC Worldwide.
Inside the CBD South Beach Tower, which
only secured TOP in February 2015, is now
over 80% leased with only a few low-rise floors
remain available. New tenants to commit
here include Sanofi Aventis (40,000 sq ft),
Facebook (80,000 sq ft), Lego (60,000 sq ft),
TMF Group (16,000 sq ft), KCS Corporate
Services (9,000 sq ft), Bain & Co (18,000 sq
ft), Canpotex (from 30 Hill Street) and Astra Oil
(from Raffles City Tower). CapitaGreen is also
over 70% committed, only a few months after
receiving TOP in December 2014. A host of
high profile tenants have secured space in this
development and the latest MNC’s choosing
this project include Twitter (22,000 sq ft),
Lloyds of London (74,000 sq ft), SK Energy
(20,000 sq ft), ACE Insurance (38,000 sq ft),
and Apple taking up an estimated 35,000 sq ft.
The dust is now settling from the decanting of
Equity Plaza and these tenants chose a wide
variety of locations to move to, with many
picking Shenton/Tanjong Pagar. Obayashi
Corporation moved to 79 Anson Road,
Hanwa Singapore moved to AXA Tower,
Gateway Law & Blackmagic Design moved to
Robinson Point, Prime Partners leased a floor
in Income@Raffles and Everest Reinsurance
moved to One Raffles Place Tower 1.
Other buildings in the financial district have
seen healthy activity. Spencer Ogden has
leased a whole floor at One Raffles Place
Tower 2. Itron Metering Systems leased a floor
at 55 Market Street (from Goldbell Towers),
Qatar Airways leased space in Samsung
Hub (from The Paragon), AvePoint Singapore
moved into Ocean Financial Centre (from
Centennial Tower), and Asia Environment
Holdings moved to GB Building (from OCBC
Centre). H&CS Holdings has purchased
a whole floor in Springleaf Tower (from
Winsland House). Equinix Asia Pacific has
leased a whole floor in China Square Central.
On the edge of the CBD, K Line Logistics
has leased a floor at ABI Plaza and Baker
Tilly / Teo Fong Loong has leased a whole
floor (15,000 sq ft) in Parkview Square.
Outside the CBD The Metropolis in Buona
Vista has leased further space to American
Eagle Tankers (from Keppel Bay Towers)
and Beiersdorf (from United Square). Canon
Singapore and Electrolux have moved into
Galaxis.
Summary of Recent Leasing Transactions
Moving to > Size sq ft
Moving from
Lloyds of London
CapitaGreen < 74,000 sq ft
Asia Square Tower 1
ACE Insurance
CapitaGreen < 38,000 sq ft
Parkview Square
TwitterCapitaGreen < 22,000 sq ft
Facebook
South Beach < 80,000 sq ft
158 Cecil Street
TMF South Beach < 18,000 sq ft
158 Cecil Street
Sanofi Aventis
South Beach < 40,000 sq ft
6 Raffles Quay
KCS Corporate Services
South Beach < 9,000 sq ft
City House
Lego Singapore
South Beach < 60,000 sq ft
MBFC Tower 3
Bain & Co
South Beach < 18,000 sq ft
OUE Bayfront
ElectroluxGalaxis < 30,000 sq ft
Jackson Square
Canon Singapore
Galaxis < 50,000 sq ft
Keppel Bay Towers
Obayashi
79 Anson Road < 7,000 sq ft
Equity Plaza
BBC Worldwide
Aperia Building < 6,000 sq ft
Shaw Tower
Prime Partners
Income @ Raffles < 9,000 sq ft
Equity Plaza
Central Provident Fund
Novena Square < 210,000 sq ft
CPF Building
Equinix Asia Pacific
China Square Central < 12,000 sq ft
Equity Plaza
Tenant
05
Financial District - Economy / Mid-Range
*All rents quoted are estimated target effective rates subject to negotiations and are not the landlords quoted figure
$7.00+ psf*
$7.20 psf*
$8.50 psf*
Units from 2,271 – 20,000 sq ft
Units from 1,130 – 9,989 sq ft
Units from 1,750 – 14,766 sq ft
135 Cecil Street
78 Shenton Way Tanjong Pagar
AXA Tower Shenton Way
AXA Tower
158 Cecil Street
$8.30 psf*
$7.50 - $9.00 psf*
$8.50 psf*
Units from 1,765 – 30,000 sq ft
Units from 1,593 - 40,000 sq ft
Units from 3,000– 20,669 sq ft
158 Cecil Street
6 Raffles Quay Shenton Way
Mapletree Anson Anson Road
$7.50 psf*
Units from 1,496 - 36,630 sq ft
Robinson 77
Robinson 77 Robinson Road
$8.50 psf*
$8.50 psf*
Units from 3,300 – 10,215 sq ft
Units from 8,000 – 19,666 sq ft
SGX Centre 1 Shenton Way
71 Robinson Road
71 Robinson Road
06
Value for Money / Edge of CBD
*All rents quoted are estimated target effective rates subject to negotiations and are not the landlords quoted figure
$7.00 psf*
Units from 1,346 – 19,548 sq ft
UE Square
UE Square Clemenceau Avenue
$8.00 psf*
$8.00 psf*
Units from 1,119 – 50,000 sq ft
Units from 1,900 – 15,600 sq ft
Parkview Square
Parkview Square North Bridge Rd, Bugis
The Concourse Beach Road, Lavender
$6.30 psf*
$7.50 psf*
$6.00 psf*
$6.00 psf*
Units from 1,568 – 4,833 sq ft
Units from 1,000 – 11,880 sq ft
Units from 1,000 – 11,840 sq ft
Units from 1,000 – 18,000 sq ft
Shaw Tower Beach Road
The Gateway Beach Road, Bugis
Keppel Towers Hoe Chiang Road
CES Centre (San Ctre) Chin Swee Road
Supply The overall CBD vacancy rate is around 4.25%
The vacancy rate for Raffles Place has
increased to around 6.3%, but this is mainly
due to the completion of CapitaGreen
(700,000 sq ft). The vacancy rate for the New
Downtown/Marina Bay area has come down
to around 4.5% with Asia Square Tower 2 filling
up. Vacancy rates in Shenton Way/Tanjong
Pagar are around 7.0% having been helped
by many of the tenants from Equity Plaza
relocating into this area, yet there have also
been many large relocations from this district.
The supply of new office space over the next
18 months will indeed be limited, but then
later in 2016 two massive new schemes,
namely Marina One (1,880,000 sq ft) and
Guoco Tower (850,000 sq ft) will form a large
part of the estimated 3 Million sq ft of new
space expected to come on line then. In the
meantime there will be good quality space
available in the secondary market as a result
of so many relocations to either South Beach
or CapitaGreen.
Supply of new office space over the next
18 months will indeed be limited
In Raffles Place, CapitaGreen still has a good
choice of available space and One Raffles
Place Towers 1 & 2 continue to offer a wide
selection of sizes in a 100% prime location, at
reasonable rates. OCBC Centre has a wide
choice of smaller units on offer. In the New
Downtown/Marina Bay area, Asia Square
Towers 1 & 2 still have a fair choice of space
and MBFC Tower III & Raffles Quay North
Tower have good opportunities available. In
Shenton Way / Tanjong Pagar the buildings
The Beach Road area has an approximate
vacancy rate of 3.5%. Both City Hall/Marina
Centre and Orchard Road districts have
very low vacancy rates of between 1.4% and
1.8%, because activity/movement in this area
is limited and South Beach has leased out
so well. The overall vacancy rate for Grade A
offices in the CBD is around 4.25%.
with the widest choice include AXA Tower,
Mapletree Anson, 6 Raffles Quay, 135 Cecil
Street and 158 Cecil Street.
In the Orchard Road area 51 Cuppage
Road and Triple One Somerset have a large
variety of units on offer. On the edge of the
CBD some of the best opportunities can be
found in Shell House, Parkview Square, The
Gateway and The Concourse. Outside the
CBD the Harbourfront/Alexandra district has
the widest choice in buildings such as Keppel
Bay Towers, HarbourFront Centre, Alexandra
Point, PSA Building and 456 Alexandra Road.
Future Developments
Tenant
Location
Size
Guoco Tower
Marine One
5 Shenton Way
DUO
SBF Centre
Tanjong Pagar
New Downtown
Shenton Way
Beach Road / Bugis Robinson Road
850,000 sq ft 1,875,000 sq ft 280,000 sq ft 570,000 sq ft 340,000 sq ft Completion Date
Jun
Sep
Sep
Dec
Jan
2016
2016
2016
2016
2017
07
Orchard Road
*All rents quoted are estimated target effective rates subject to negotiations and are not the landlords quoted figure
$7.50 psf*
$6.80 psf*
Units from 1,270 – 21,054 sq ft
Units from 10,728 sq ft
51 Cuppage Road Orchard
Haw Par Centre Clemenceau Avenue
$8.50+ psf*
$10.50 psf*
$10.50 psf*
$8.00+ psf*
Units from 1,184 – 25,468 sq ft
Units from 1,351 – 22,350 sq ft
Units from 1,242 – 8,784 sq ft
Units from 1,000 – 14,454 sq ft
TripleOne Somerset Somerset Road
Winsland House 1 Penang Road
Winsland House 2 Penang Road
Visioncrest Penang Road
$7.50 psf*
$8.50 psf*
$7.50 psf*
$8.70 psf*
Units from 1,000 – 3,772 sq ft
Units from 1,000 – 3,055 sq ft
Units from 1,010 – 3,961 sq ft
Units from 1,000 – 4,510 sq ft
Shaw Centre Orchard Road
Shaw House Scotts Road
Park Mall Penang Road
Palais Renaissance Orchard Road
Rentals grew by 9.5 % in 2014 and we expect
rates to advance further in 2015, but at a
more modest rate of around 5% - 6%. The net
absorption in 2015 is predicted to be around
800,000 sq ft, but this is likely to increase to
over 1 Million sq ft in 2016 as a healthy take
up of space in the two major new schemes
Marina One and Guoco Tower coming on line
at this time is expected.
Net absorption in 2015 is predicted to be 800,000 sq ft, but this is likely to increase to
over 1 Million sq ft in 2016 as a healthy take up of space in the two major new schemes
(Marina One and Guoco Tower) is expected.
Market Forecast
Rental rates predicted to advance at
slower rate between 5% - 6% in 2015
Rates for prime Grade A buildings now
average around $10.50 per sq ft. In Raffles
Place rates range from $9.00 per sq ft to
$13.00 per sq ft, with most quality buildings
commanding rates around $10.00 to $11.00
per sq ft effective. The average effective rate
in the New Downtown / Marina Bay area is
now around $13.25 per sq ft. Most buildings
in the Shenton Way / Tanjong Pagar area
average around $7.50 to $8.50 per sq ft.
City Hall / Suntec City area averages around
$10.00 per sq ft and Beach Road has an
average rate around $7.50 per sq ft.
Some larger users are already considering
their plans for 2016 with these two schemes
in mind, but in the meantime there is still a
reasonable choice of space in both the newer
schemes as well as secondary space as a
result of so many relocations.
Rentals grew by 9.5% in 2014
Average Effective Rates by District
Raffles Place
New Downtown / Marina Bay
Shenton Way / Tanjong Pagar
City Hall / Marina Centre
Beach Road Orchard Road Fringe CBD
$10 - $11.00
$13.25
$7.50 - $8.50
$10.00
$7.50
$8.00 - $9.00
$6.00 - $8.50
Those tenants who are more budget
conscious will be drawn to some of the
excellent opportunities that offer good value
for money on the edge of the CBD, and those
needing to be in a prime location will be
attracted to the high net efficiency rate of the
newer developments. Overall the anticipation
of the new supply in 2016 will bode well for
the future of the office market, as additional
supply will increase stability in the market
avoiding damaging rental surges.
Guoco Tower
Tanjong Pagar
Marina One
Marina View (New Downtown)
Size: 850,000 sq ft
Height: 64 storeys
Office floors up to level 38 (residential above)
Average floor plate: 25,000 - 29,000 sq ft
Est. completion: Jun 2016
Size: 1,880,000 sq ft
Height: 30-storeys (twin towers)
Average floor plate: 30,000 sq ft
Est. completion: Sep 2016
08
Decentralised Offices
*All rents quoted are estimated target effective rates subject to negotiations and are not the landlords quoted figure
Harbourfront / Alexandra District
$6.70 - $7.50 psf*
$6.50 psf*
$7.20 psf*
$8.50 psf*
Units from 1,000 – 11,928 sq ft
Units from 1,200 – 12,648 sq ft
Units from 1,614 – 16,167 sq ft
Units from 2,799 – 37,534 sq ft
Harbourfront Centre Maritime Square
Alexandra Point Alexandra Road
PSA Building Alexandra Road
Keppel Bay Towers Harbourfront
$4.60 psf*
$7.80 psf*
$5.80+ psf*
$6.00+ psf*
Units from 3,451 – 20,000 sq ft
Units from 4,273 – 25,000 sq ft
Units from 5,000 – 24,327 sq ft
Units from 1,570 – 33,000 sq ft
Nucleos Buona Vista
The Metropolis Tower 2 Buona Vista
JEM Jurong Gateway Road
Westgate Gateway Drive
Buona Vista / Island West
Business / Commercial Space
Island East
$4.20 psf*
$3.50 - $4.00 psf*
$3.20 psf*
$3.00 psf*
Units from 15,000 – 28,000 sq ft
Units from 1,539 – 27,943 sq ft
Units from 5,080 – 52,743 sq ft
Units from 4,544 – 12,165 sq ft
UE Biz Hub Changi Business Park
The Signature Changi Business Park
Island Central
Technopark@ Chai Chee
Techpoint Ang Mo Kio
Island West
$5.50 psf*
$5.00 psf*
$4.00 psf*
$4.00 psf*
Units from 5,000 – 24,108 sq ft
Units from 1,161 – 25,000 sq ft
Units from 3,509 – 6,566 sq ft
Units from 5,274 – 22,238 sq ft
Aperia Kallang Avenue
223@Mountbatten
Acer Building
Creative IBP
International Business Park, Jurong
International Business Park, Jurong