Singapore offices

BROKERS’ TAKE

Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely leveraged’ to tap rental upside

They name a few buy-rated stocks, and expect core CBD rents to rise

Launching a Reit could drive a significant rerating in GuocoLand's share price going forward, says the writer.
HOCK LOCK SIEW

GuocoLand and IOI Properties should pool assets worth S$12.5 billion for a Singapore office-led Reit

Leverage softer interest rates and the clamour for premier assets 

URA’s price index of office space in the central region is down 0.2% quarter on quarter in Q3, after easing 1.1% in the preceding quarter.
SINGAPORE PROPERTY

Rents rise 2.5% in Q3 for higher-grade office space, but stay put for rest of Singapore market

Steady demand for prime space is being supported by flight to quality and easing interest rates

Market watchers say a sale of the 14-storey building (pictured above in June 2024) may help to establish values of Singapore CBD office buildings on sites with less than 60 years' balance lease.
SINGAPORE PROPERTY

158 Cecil Street on the market at S$165 million to S$170 million

The price works out to S$1,450 to S$1,500 psf on net lettable area, and is 30% lower than what the owner paid for it in 2015

Building owners must either undergo significant upgrades or risk obsolescence in an increasingly bifurcated market.

Balancing premium growth with market inclusivity in Singapore’s office sector

Structural shifts towards higher-value activities sustain rental growth in the prime Grade A segment; the challenge will be to create space for businesses at all stages of growth

URA data shows that islandwide office vacancy rate fell to 11.4% as at the end of Q2 2025, from 11.7% as at the end of Q1.
SINGAPORE PROPERTY

Office rents slip 3.2% in Q2 for Category 1, but continue to climb for rest of Singapore market

US tariffs effect expected to eventually feed back into demand for Singapore property, including offices

 108 Robinson Road., in the CBD, is near three MRT stations.
SINGAPORE PROPERTY

Kwan Im Thong Hood Cho Temple buys three floors in Robinson Road for S$55.8 million

The 14,252 sq ft office space is on the 8th, 11th and 12th floor of the 12-storey freehold building

Office rents in the CBD continued to grow in Q1 this year.

PropertyBT: Stability and growth in Singapore’s dynamic property market

Will Singapore's office and industrial sectors thrive despite global economic headwinds? Senior correspondent Leslie Yee talks to Cushman & Wakefield’s Wong Xian Yang.

Create a vibrant CBD to cater to business needs by having more premium grade work spaces
THE LEVEL GROUND

Build more CBD offices; go slow on decentralised offices and CBD homes

Follow market preferences to optimise land use 

BNY is said to have inked a lease for about 50,000 sq ft at Marina One’s East Tower (on the left). It will move there from Millenia Tower.
SINGAPORE PROPERTY

Singlife leases former Prudential space of 73,300 sq ft in Marina One East Tower

Quantedge Capital is moving to level 15 of Capital Square, part of the space that used to be occupied by Morgan Stanley