Raffles Place is a trophy-tier Singapore submarket with average asking rent around S$13.2/sqft/mo · ≈ $117 PSF/yr USD.

  • Average asking rent: S$13.2/sqft/mo · ≈ $117 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: S$11.5/sqft/mo · ≈ $102 PSF/yr USD ($102 USD).
  • Citywide vacancy: 5.4% — submarket-level availability is typically tighter at trophy tier.

Raffles Place, Singapore office rents and availability

Raffles Place is a trophy-tier Singapore submarket with average asking rent around S$13.2/sqft/mo · ≈ $117 PSF/yr USD.

TL;DR

  • Average asking rent: S$13.2/sqft/mo · ≈ $117 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: S$11.5/sqft/mo · ≈ $102 PSF/yr USD ($102 USD).
  • Citywide vacancy: 5.4% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Raffles Place averages around S$13.2/sqft/mo · ≈ $117 PSF/yr USD for Class A, against a citywide Class A index of 11.5. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

The historic financial core. Banking, professional services, fund managers, regional HQs.

Key facts

citySingapore
submarketRaffles Place
tiertrophy
averageRentLocalS$13.2/sqft/mo · ≈ $117 PSF/yr USD
cityClassARentUsd$102/sqft/yr
cityVacancyPct5.4%

Frequently asked questions

What is the average Class A rent in Raffles Place, Singapore?
Around S$13.2/sqft/mo · ≈ $117 PSF/yr USD. The citywide Class A index sits at S$11.5/sqft/mo · ≈ $102 PSF/yr USD.

Related

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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