Raffles Place is the traditional financial heart of Singapore and one of the most established business districts in Southeast Asia. It is home to major banks, legal firms, and corporate headquarters.
The district offers excellent MRT connectivity and a dense cluster of Grade A office towers, making it a highly strategic location for financial and professional services companies.
Why Choose Raffles Place
Raffles Place provides unmatched access to Singapore’s financial ecosystem. Companies benefit from proximity to banks, regulatory institutions, and key corporate players.
The district remains a preferred choice for firms seeking prestige, stability, and central accessibility within the CBD.
Office Rental Prices in Raffles Place
Grade A offices: S$10–14 psf/month
Premium buildings: S$12–15 psf/month
Serviced offices: S$800–1,300 per desk/month
Coworking spaces: S$600–1,000 per desk/month
Despite being one of the oldest districts, Raffles Place maintains strong rental resilience due to its central role in Singapore’s financial system.
Key Buildings in Raffles Place
One Raffles Place
Iconic twin-tower development with strong corporate tenant mix and direct MRT access.
OCBC Centre
One of Singapore’s landmark financial towers housing major banking operations.
Republic Plaza
Grade A office tower with strong connectivity and long-standing corporate tenants.
Workspace Options
Private offices for financial and legal firms
Serviced office suites
Coworking spaces for flexible teams
Full-floor corporate leases
Market Insights
Raffles Place continues to maintain stable demand despite competition from newer districts like Marina Bay. Its established infrastructure and financial ecosystem ensure long-term occupier stability.
FAQ
What is the average rent in Raffles Place?
Approximately S$10–14 per square foot per month for Grade A offices.
Why do companies choose Raffles Place?
Due to its central financial ecosystem and strong corporate presence.
Is it suitable for startups?
It is more suited for established financial and corporate firms.
