The epicentre of business continues to command a premier position in Singapore's micro-market.
While we’ve seen decentralisation of offices out of the central business district (CBD) in recent times, Raffles Place remains an epicentre of commerce, business and finance, attracting developers and occupiers alike to the commercial heart of Singapore.
Premier position in Singapore micro-market
With a blueprint for the area’s urban transformation already in the works, Raffles Place/New Downtown solidifies its compelling position as the CBD’s most attractive rental rate for new builds and redevelopments. New Premium and Grade A builds are commanding higher rents in Raffles Place/New Downtown than other locations. This bodes well for investors on the hunt for prime city-centre assets.
Rental growth since 2016: Raffles Place/New Downtown (Premium and Grade A) new builds command higher rents (click to enlarge)
Higher value in the city centre
Capital values for Raffles Place/New Downtown Premium and Grade A office buildings rose higher than average CBD capital values historically (click to enlarge)
Raffles Place commands premier position in Singapore's micro-market (click to download)
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