Tanjong Pagar & Shenton Way Office Rent & Availability 2026

01

The CBD value ladder is unusually wide here

Current asking evidence in the wider Tanjong Pagar/Shenton Way corridor runs from roughly S$5.50 to S$15 psf/month. That means premium Grade A and much older value-oriented offices can sit only a short walk apart.

A single area average would therefore be less useful than a quality-versus-price spectrum.

02

Premium buildings overlap Raffles Place and Marina Bay pricing

Guoco Tower, CapitaSky, Frasers Tower and Keppel South Central can sit close to the pricing of prime office stock elsewhere in the CBD. The location advantage is not that every building is cheap; it is that the submarket also provides substantial choice below the premium tier.

03

This is where “stay in the CBD for less” becomes a real search query

A user should be able to ask for 10,000 sq ft in the CBD below S$100,000 per month and immediately see the buildings that satisfy the budget, together with the quality and fit-out trade-offs.

That is a more useful product than sorting every advertisement by lowest PSF.

04

One corridor, several very different products

Guoco Tower, CapitaSky, Frasers Tower and Keppel South Central compete at the modern Grade A end of the market, while buildings such as SGX Centre and older Shenton/Anson stock provide materially lower-cost options.

A single Tanjong Pagar average would therefore hide the feature that makes the location interesting: unusually broad choice inside the CBD.

05

Staying in the CBD below S$10 psf is still possible

Current asking evidence includes selected older buildings around or below S$10 psf. That makes a 10,000 sq ft CBD requirement below S$100,000 per month a realistic search objective, subject to actual availability and building suitability.

Lower rent can come with trade-offs in lobby quality, lifts, ceiling height, floor efficiency, amenities and ESG credentials, so price should not be the only ranking factor.

06

Tanjong Pagar has become a broader technology and HQ location

Current building occupiers include major technology and corporate names alongside finance, professional services and consulting. The district can therefore work as a compromise for companies that want CBD connectivity without choosing Marina Bay.

07

The Greater Southern Waterfront is a long-term factor, not a short-term promise

The southern CBD sits beside one of Singapore’s most important long-term urban transformation areas. That can matter for longer-horizon occupiers and investors, but it should not be used as a shortcut to claim guaranteed near-term rental growth.