One Raffles Place Draws Interest from Major Buyers as CBD Trophy Assets Return to Focus
TopBroker Commercial Market Watch
One Raffles Place Draws Interest from Major Buyers as CBD Trophy Assets Return to Focus
Based on market reports dated 27 May 2026
Project View
One Raffles Place is one of Singapore’s landmark commercial assets, comprising two office towers and a retail mall in the heart of Raffles Place.
The development is reportedly attracting interest from major institutional and private capital groups, with the asset being marketed above S$2.3 billion.
Key Reported Details
- Asset: One Raffles Place
- Location: Raffles Place, Singapore CBD
- Components: Two office towers and retail mall
- Lettable Area: Approximately 702,980 sq ft
- Reported Valuation: Around S$2.37 billion
- Major Stakeholder: OUE REIT with 81.54% interest
- Minority Stakeholder: UOB with 18.46% interest
Location & Connectivity
One Raffles Place sits directly within Singapore’s core financial district, surrounded by major banks, corporate headquarters, professional firms and luxury hospitality assets.
Its Raffles Place address gives it strong connectivity to MRT access, Marina Bay, Fullerton, Collyer Quay, Shenton Way and the wider CBD business ecosystem.
Why This Deal Matters
The reported buyer interest suggests renewed confidence in Singapore’s prime office market. After a period of higher borrowing costs, large-ticket commercial assets are again becoming attractive to institutional investors, family offices and regional property groups.
Trophy CBD assets are not just valued for current rental income. Buyers may also consider long-term redevelopment potential, asset enhancement opportunities and Singapore’s safe-haven status for capital preservation.
Investment & Business Appeal
The appeal of One Raffles Place lies in its scarcity, scale and centrality. Large integrated CBD office assets rarely come to market, especially those with established branding and direct relevance to Singapore’s financial district.
For investors, this reflects a broader theme: prime Singapore commercial real estate remains highly sought after when pricing becomes realistic and financing conditions stabilise.
Market Comparison
| Asset | Market Position | Key Appeal |
|---|---|---|
| One Raffles Place | CBD trophy asset | Raffles Place address, office + retail mix |
| Marina One | Large-scale Grade A asset | Marina Bay location and institutional scale |
| Asia Square Tower 2 | Prime office tower | Modern office specifications and CBD presence |
TopBroker Final View
The reported interest in One Raffles Place may signal the return of confidence in Singapore’s CBD office investment market.
While pricing remains a key challenge for billion-dollar assets, the long-term fundamentals of Singapore’s commercial core continue to attract serious capital.
Looking for Commercial or Investment Property?
Speak to TopBroker for commercial property opportunities, CBD assets, shophouses, retail units, industrial properties and business brokerage.
