September 28, 2020
Singapore is changing and developing at a supremely fast pace. As a result, the country’s property market is undergoing a massive transformation. Despite fears that the coronavirus pandemic will considerably slow down growth in the real estate market, multiple districts in Singapore have seen a rise in valuation. Projections show that the properties here have an amazing appreciation potential. If you’re thinking of investing in a Singapore Commercial Property, you should definitely look towards these locations.
Here we’ve listed the Top 10 Commercial locations in Singapore with the highest property appreciation rates, in ascending order:
Home to some of the best Grade A office buildings, Tanjong Pagar, is an upcoming commercial locality in Singapore. Most of the companies here are in advertising, real estate accounting, or shipping. The buildings here also include preserved shophouses, renovated retail outlets and public institutions.
The Tanjong Pagar MRT station and myriad bus stations afford great connectivity to other business districts within Singapore, making it a great commercial centre.
One of the most premium commercial hubs in Singapore, properties on Marina Bay boast of Grade A offices fully-equipped with state-of-the-art amenities. There are numerous investment options available in office buildings, like One Raffles Quay, Marina Bay Financial Centre, Asia Square and Marina One.
Apart from premium business spaces, Marina Bay is home to a few of the world’s most elite entertainment, dining and wining places. Marina Bay is supported by four MRT stations that connect to places across the island, making the locality a gem for investors.
3. ORCHARD ROAD-
As a commercial real estate investor, you just can’t go wrong by investing in a property on Orchard Road. A prime shopping location and one of the most prestigious places in Singapore, Orchard Road is home to global retail brands and multinational headquarters. In terms of investments, you can find commercial spaces of different dimensions and unique facilities here.
Given its very central location, the office rental spaces here benefit from excellent connectivity to other commercial hubs around the country. There are many buildings like Ngee Ann City, Orchard Building, Paragon Tower, Wisma Atria, Wheelock Place and Shaw House that have a global-level infrastructure. If you’re interested in the retail sector, Orchard Road is the place to invest in.
4. RAFFLES PLACE-
Considered to be the Wall Street of Singapore, the Raffles Place district and the localities closer to the Singapore River are a haven for investors hailing from the financial sector. The Singapore Exchange is right there in the Raffles Place Area, and multiple public banks, private investment banks, lending agencies and trading companies are situated here.
Of all the commercial districts in Singapore, Raffles Place is home to some of the most well-furnished Grade A skyscrapers. Apart from financial institutions, you’ll find world-class recruiting companies, service organisations and e-commerce headquarters here.
One of the largest commercial districts located outside the Central Business District (CBD) region, Jurong has on offer 500,000 sq. ft of rental office space. Before the 1960s, the region was a mangrove swamp. But in 1961, the district was developed to become a business centre to support the country’s growing commercial needs. It was here that Singapore's first business park came into existence.
The International Business Park is home to multiple office spaces available for rent, in addition to high-rise malls, restaurants, pubs and entertainment centres. The presence of the Jurong Innovation District makes this commercial district the best choice for companies/investors involved in R&D.
You’ll find a high-speed rail terminus here, which offers cross-country connectivity.
6. SUNTEC CITY-
Located in downtown Singapore, Suntec City is home to the Suntec Singapore International Convention and Exhibition Centre. There are five major high-rise buildings, where mostly IT, legal, media, marketing and service sector companies rent office spaces. The region is very well-developed, providing office goers access to the best eateries, watering holes and entertainment facilities.
The Suntec district is accessible by three MRT stations and is today one of the most-favoured localities for media companies.
7. SHENTON WAY-
An eclectic mix of commercial and residential properties, Shenton Way is of great historical significance in Singapore. The region was developed in the early 70s, and you’ll be able to see remnants of the classic architecture still present today.
Shenton Way is a famed shopping district. But in addition to rental retail spaces, you’ll find premium buildings like UOE Downtown Capital Tower, Hong Leong Building, SGX Centre, GB Building, Capital Square and Robinson Point, where multiple real estate firms, marketing agencies and other product development companies have put down roots.
This business district is serviced by four MRT stations and numerous bus stations.
8. RIVER VALLEY-
Sandwiched between two very important business districts of Singapore (Orchard & Raffles Place), River Valley has seen multiple commercial properties mushroom in the past decade. The locality boasts of a few of Singapore’s best shopping centres and entertainment places like Central Mall, Central Square, UE Square and Great World City.
This is one of the newer commercial hubs in Singapore, and the ever-changing infrastructure and amenities here make the rental office spaces in River Valley a favourite with investors and corporates.
With over 500,000 sq. mts of commercial floor space and multiple Grade A properties open for rent, the district of Paya Lebar has become one of the most popular business destinations for companies. Not only is the Paya Lebar Business Hub home to a few of the most stunning office properties in the country, but it is a district that has undergone an extensive transformation just a few short years ago.
The upcoming SingPost Centre is expected to be Asia’s largest shopping complex, and there are multiple retail spaces that are open for investment. The Paya Lebar district is also connected to the rest of Singapore through two MRT stations and is about a half hour away from Orchard Road. The Kallang-Paya Lebar Expressway and Pan Island Expressway make the drive down from the city centre very enjoyable.
Its namesake – Changi Airport – might be the most famous property in the district, but the Changi Business Park and Changi North Industrial Park are two very famous commercial centres in the country. Given the proximity to the airport and the Changi Airbase, most of the companies renting office space here belong to the export/import, logistics, electronics and financial sectors.
The business hubs in the Changi district are located very close to the Singapore Expo, which is one of the largest exhibition centres in South East Asia. This proximity has made it possible for companies belonging to hospitality and retail to also rent office space here and organise regular product launches and shows.
The district is also home to the Singapore University of Technology and Design, making it a huge attraction for companies in the technology domain. The Expo MRT station and the Changi Business Park Bus Terminal offer connectivity to other areas of Singapore.