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March 2011
Singapore Helpdesk:
6536 5022 / 6415 3637
▪ Shophouse - 6 Stanley Street ▪ Shophouse - Amoy Street▪ Business Park Space
Company Reg. No. 198703410D Agency No. L3009688B MICA (P) No. 018/05/2010
OfficeWise
Showcasing the best commercial properties in Singapore
Featured properties▪ Marina Bay Financial Centre▪ Six Battery Road▪ One George Street▪ Prudential Tower▪ One Raffles Place ▪ Mapletree Anson
CommercialLeasing
Top Quality Office in Raffles Place
Marina Bay Financial Centre Raffles Place
Asia’s Best Business Address
3 office towers offering nearly 3 million square feet of International Grade A office space together with two luxury residential towers and retail space
Approximately 1,800 sq ft to 25,000 sq ft of office space available for lease
Tower 3 scheduled to complete by first quarter 2012, offers large floor plates from 30,000 sq ft
Conveniently located near Raffles Place, Marina Bay and Downtown (completing 2013) MRT stations
Six Battery Road Raffles Place
A 42-storey office building
Approximately 1,500 sq ft to 10,800 sq ft available for lease
Conveniently located above the Raffles Place MRT station
Efficient floor plates
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For Lease
One George StreetRaffles Place
A 23-storey office building with large efficient floor plate
Approximate lettable areas from 7,000 sq ft to 15,000 sq ft
Raised flooring with 3m clear ceiling height
Walking distance to Raffles Place and Clarke Quay MRT stations
Prudential TowerRaffles Place
A 30-storey office building
Sheltered access to Raffles Place MRT
Approximate lettable areas from 1,650 sq ft to 11,000 sq ft (subdivisible)
Column-free floor plate
Raised flooring
One Raffles Place Tower OneRaffles Place
A prime Grade A 62-storey office tower with a 5-storey retail podium
Conveniently located in the heart of Raffles Place, above Raffles Place MRT station
Approximate lettable areas from 2,000 sq ft to 9,400 sq ft
Column-free floor plate
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helpdesk 6536 5022
helpdesk 6536 5022
For Lease
Marsh & McLennan Centre Raffles Place
Walking distance to Raffles Place MRT station
Approximately 4,000 sq ft to 6,000 sq ft
Fully fitted space available
Excellent move-in condition
Mapletree AnsonTanjong Pagar
About 3 minutes’ walk to Tanjong Pagar MRT station
Approximately 5,000 sq ft (not subdivisible)
Regular and efficient space
Raised flooring
UE Square Chinatown / River Valley
Outside CBD
Free shuttle bus to City Hall MRT station
Approximately 3,090 sq ft to 20,000 sq ft lettable
Ample parking space
Fitted space available
Straits Trading Building Raffles Place
A 28-storey office building
A minute’s walk to Raffles Place MRT station
Approximately 5,400 sq ft available
Kimberly Seow CEA Reg. No. R022690H 6415 3655 / 9768 4183
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savills.com.sg
For Lease
Plaza by The ParkBeach Road / Middle Road
A 11-storey office buildng with retail and F&B units on the ground floor
From 900 sq ft to 11,000 sq ft lettable
Located at the entrance of Bras Basah MRT station
Bare or fitted units available
Central Mall Chinatown /River Valley
A 7-storey office building with retail units on the ground floor.
From 1,249 sq ft to 40,000 sq ft
Raised flooring
Near Clarke Quay MRT station
Bare or fitted units available
Ngee Ann City Tower BOrchard
Located in the prime shopping district of Orchard Road
Underground connection to Orchard MRT station
From 900 sq ft to 3,600 sq ft lettable
Raised floor system facilitates power and telecommunication infrastructure
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Wisma AtriaOrchard
Conveniently located in the heart of Orchard Road
Connected to Orchard MRT station
From 850 sq ft to 2,200 sq ft lettable
Raised floor system facilitates power and telecommunication infrastructure
Dedicated high-speed lifts serve the office tower from basement floor
Fully Fitted Office For Lease
Amoy Street Shenton Way 1,660 sq ft / 2,345 sq ft lettable
Conveniently located near Raffles Place and Tanjong Pagar MRT stations
Easily accessible
Nearby amenities
6 Stanley Street Shenton Way Approximately 700 sq ft / 1,000 sq ft
/ 2,000 sq ft / 5,000 sq ft lettable
Nicely furnished
Move-in condition
Walking distance to
Raffles Place MRT station
Barbara LeeCEA Reg. No. R022674F 6415 3634 / 9846 5044
Suntec Office Tower Marina
Near Promenade / City Hall MRT
Approximately 4,743 sq ft to 6,491 sq ft
Fully fitted
Move-in condition
Partially Fitted Shophouse For Lease
SoleAgent
Brand New Furnished Shophouse
Barbara LeeCEA Reg. No. R022674F 6415 3634 / 9846 5044
helpdesk 6536 5022
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Business Park Spaces Outside CBD
Savills (Singapore) Pte Ltd Subject to contract: This document is pre pared by Savills for information only. Whilst reasonable care has been exercised in preparing this document, it is subject to change and these particulars do not constitute, nor constitute part of, an offer or contract; interested parties should not rely on the statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy. No person in the employment of the agent or agent’s principle has any authority to make any representations or warranties whatsoever in relation to these particulars and Savills cannot be held responsible for any liability whatsoever or for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document © Savills (Singapore) Pte Ltd 2011.
savills.com.sg
Nordic European CentreInternational Business Park Approximately 1,000 sq ft to 6,340 sq ft
Fitted space available
Efficient floor plates
Near Jurong East MRT station
Honeywell BuildingChangi Business Park Approximately 2,000 sq ft to 12,500 sq ft
Efficient floor plates
Near Expo MRT station
Business Park Spaces Outside CBD
West Sector - International Business Park
East Sector - Changi Business Park
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For more details, contact our commercial team : 6415 3637
To Enquire: hotline 6536 5022 / 6415 3637 Website : savills.com.sg
Source: Savills Research & Consultancy
Reply Slip
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Fax back to Savills : (65) 6536 5122
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Strong net take-up of office space
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
Q4/2009 Q1/2010 Q2/2010 Q3/2010 Q4/2010
Grade AAA Grade AA Grade A Overall
Chris Marriott CEO , South East Asia CEA Reg No. R022698C [email protected](65) 6415 3659
Agnes Tay DirectorCEA Reg No. [email protected](65) 6415 3628
Jann Ng Associate DirectorCEA Reg No. R022697E [email protected](65) 6415 3632
Agnes Heu Associate DirectorCEA Reg No. [email protected](65) 6415 3639
Sally Fan Senior ManagerCEA Reg No. R022695I [email protected](65) 6415 3651
Kimberly Seow Senior ManagerCEA Reg No. R022690H [email protected](65) 6415 3655
Barbara Lee Senior ManagerCEA Reg No. R022674F [email protected](65) 6415 3634
Our Commercial Team
Kevin MurtaghSenior ManagerCEA Reg no. R022686Z [email protected](65) 6415 7334
Hazel Wong Marketing ExecutiveCEA Reg No. R040257I [email protected](65) 6415 3613
Almost 100 percent of the completed new CBD Grade ‘A’ stock in 2010 has already been leased, however, it normally takes about six months after the completion of the new buildings for the tenants to migrate to the new space. Factoring in the six-month lag, Savills’s vacancy rate of CBD Grade A offices is 4.2 per cent by end 2010 as a result of strong take-up driven by a board-based business expansion coupled with limited supply from MBFC Tower One with tenants moving in.
Vacancy has reduced prior to new supply entering the market
The economic indicators show that the Singapore economy is likely to grow at a more moderate but steady pace in 2011 on the back of external macroeconomic conditions which are likely to remain supportive of growth and the boost in intra-regional trade in Asia. In the latest business expectations survey conducted by the Department of Statistics (DOS), firms in the services sector, including the financial and business services industries, are upbeat about the business outlook for the first half of 2011. They also expect both the revenue and employment levels to rise for the first quarter of 2011 over the preceding quarter. Therefore, demand for office space is expected to continue to be buoyed by a healthy GDP forecast of 4 to 6 per cent for 2011 coupled with the continuous expansion of the services sector.
Going forward, there will be around 4.3 million sq ft of CBD office space slated to be completed between 2011 and 2012. Taking into account the six-month lag after TOP, the adjusted supply will surge to 5.5 million sq ft. This, together with a considerable amount of secondary stock returning the market may make the vacancy in CBD to be volatile. However, it is important to note that a number of buildings are likely to be demolished or refurbished, and that, about 58% of the 4.3 million future CBD supply have been pre-committed. Savills has identified an inflection point appearing late 2011 when the return of secondary stock will hit the market as the primary supply nears the end of their lease-up program. At this point, we will see a greater spread in the international Grade rents versus those of the remaining stock.
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