Raffles Place (trophy, ~S$13.2/sqft/mo · ≈ $117 PSF/yr USD) is one of 6 Singapore Class A submarkets we track.

  • Raffles Place sits at trophy tier.
  • Average rent S$13.2/sqft/mo · ≈ $117 PSF/yr USD vs city average 11.5.
  • Compared submarkets: Marina Bay (trophy), Shenton Way & Tanjong Pagar (prime), Orchard (established).

Raffles Place vs other Singapore submarkets

Raffles Place (trophy, ~S$13.2/sqft/mo · ≈ $117 PSF/yr USD) is one of 6 Singapore Class A submarkets we track.

TL;DR

  • Raffles Place sits at trophy tier.
  • Average rent S$13.2/sqft/mo · ≈ $117 PSF/yr USD vs city average 11.5.
  • Compared submarkets: Marina Bay (trophy), Shenton Way & Tanjong Pagar (prime), Orchard (established).

Side-by-side with peers

**Marina Bay** (trophy, S$14.5/sqft/mo · ≈ $129 PSF/yr USD) — Singapore's trophy office quarter. **Shenton Way & Tanjong Pagar** (prime, S$11.5/sqft/mo · ≈ $102 PSF/yr USD) — Resurgent southern CBD. **Orchard** (established, S$11.8/sqft/mo · ≈ $105 PSF/yr USD) — Boutique HQ market on Singapore's premier retail spine. **One-North** (prime, S$8.5/sqft/mo · ≈ $75.5 PSF/yr USD) — Tech and biomed campus west of the CBD. **Bugis & Beach Road** (emerging, S$10.2/sqft/mo · ≈ $90.6 PSF/yr USD) — Northeast CBD frontier.

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 other submarkets compete with Raffles Place in Singapore?
Marina Bay, Shenton Way & Tanjong Pagar, Orchard

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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