Singapore offices

TOPLINE

OUE Reit looks to unlock value in mature assets, eyes Sydney for higher-yield growth

Proceeds from a potential One Raffles Place sale could fund its further expansion in Sydney’s Salesforce Tower

Apart from its Changi Business Park offices (above), StanChart has a city headquarters at Marina Bay Financial Centre.
SINGAPORE PROPERTY

Standard Chartered to sell and lease back two Changi Business Park properties for S$183 million

Lender says move is part of strategy to drive further growth in Singapore, its second-largest market

78 Shenton Way's Tower 1 (right) is a 34-storey granite-clad building completed in 1988. The 11-storey glass-clad Tower 2 beside it was completed in 2009.
SINGAPORE PROPERTY

Allgreen Properties, Kuok Singapore complete purchase of 78 Shenton Way

The new owners are not expected to redevelop the asset in the near term; they will hold it as landbank

The 14-storey building, formerly known as The Spazio and Dapenso Building, is on a site with a balance lease of about 55 years.
SINGAPORE PROPERTY

Altallo Asset Management inks option to buy 158 Cecil Street for S$175 million

The price works out to S$1,541 psf on the net lettable area of about 113,540 sq ft

At 280 m, One Raffles Place Tower One is one of the tallest buildings in Singapore. Beside it is the six-level retail mall.
SINGAPORE PROPERTY

One Raffles Place expected to be put on the market at S$2.3 billion to S$2.4 billion

All owners of the office and retail asset, above Raffles Place MRT station, are coming together for a potential sale

Marina One West Tower (right) is joined at levels 28 and 29 to the adjacent East Tower.
SINGAPORE PROPERTY

Khazanah, Temasek seen putting Marina One up for sale at S$5 billion to S$6 billion

M+S is expected to offer 1.88 million sq ft of offices and 140,000 sq ft of retail space in the integrated development

For the whole of 2025, URA’s office rental index for the central region increased by 0.3% after remaining unchanged in 2024.
SINGAPORE PROPERTY

Singapore office rents rise, vacancies ease in Q4 as supply tightens

URA’s vacancy rate for Category 1 offices falls for third consecutive quarter to 9.3%

78 Shenton Way’s Tower 1 (first from right) is a 34-storey granite-clad building completed in 1988. The 11-storey glass-clad Tower 2 beside it was completed in 2009.
SINGAPORE PROPERTY

Robert Kuok’s Allgreen Properties nears deal to buy Singapore office block at 78 Shenton Way: sources

The PGIM-managed fund that owns the property is seen exiting at a loss

The supply shortage in the Singapore CBD Grade A office market may be felt more acutely in 2026 if the re-centralisation trend intensifies.
OUTLOOK 2026

Singapore office landlords poised to turn more aggressive in rent expectations

Most property consultants project acceleration in CBD Grade A office rent growth in 2026, on the back of tighter supply

Highly leveraged Reits like Keppel Reit are expected to benefit from the ongoing interest rate pivot, says Morningstar.
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