Major Office Deal Signals Strong Demand for Prime CBD Space

Insurance group Singlife has secured a significant office footprint of 73,300 sq ft at Marina One East Tower, taking over the space vacated by Prudential. This marks one of the largest leasing deals in Singapore’s Grade A office market this year.

The move underscores continued confidence in Marina Bay’s top-tier office ecosystem, even as hybrid work trends reshape global corporate space requirements.

Why Marina One Remains a Magnet for Large Corporates

Marina One, jointly developed by Temasek and Malaysia’s Khazanah Nasional, is one of Singapore’s newest and most energy-efficient Grade A integrated developments, offering premium facilities and excellent connectivity.

Key reasons why firms choose Marina One:

• Prime CBD address attracting global financial and professional services firms.
• Direct MRT access via Downtown and Marina Bay stations.
• 20,000 sq metres of lush greenery within the “Green Heart” atrium.
• Modern floor plates suitable for hybrid work and collaborative layouts.
• Strong ESG profile with top-tier green certifications.

With rising demand for future-ready, tech-enabled office space, Marina One continues to command attention from MNCs and fast-growing enterprises alike.

What This Means for the CBD Office Market

The Singlife-Prudential handover deal suggests that Singapore’s Grade A office rental market remains resilient despite macroeconomic uncertainty.

• Large, contiguous floor plates continue to attract committed long-term occupiers.
• Demand for premium CBD office space remains stronger than decentralised locations.
• Vacancy in core CBD micro-markets is expected to stay tight.

Analysts note that while hybrid work reduces space per employee, firms continue upgrading to better buildings that support collaboration, sustainability goals and corporate branding.

Impact on Landlords and Investors

For landlords holding Grade A CBD assets, this reinforces:

• Strong leasing momentum for high-quality spaces.
• Potential for rental uplift in 2025–2026.
• Stable long-term demand from corporates consolidating into prime towers.

For investors, the Marina Bay micro-market continues to be viewed as one of the most stable commercial investment zones in Asia.

Looking to Buy or Lease Office Space in Marina Bay?

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