Investor Presentaiton
COMMERCIAL
Overview of Singapore Office Sector
QUE REIT
Singapore's CBD
- Comprises traditional areas of Raffles Place, Shenton Way/Robinson Road/Cecil Street as well as Marina Bay
- Many established global financial institutions and headquarters of MNCs are located in Marina Bay and Raffles Place, while
Shenton Way/Robinson Road/Cecil Street is popular with professional services companies and other financial, insurance
and real estate companies
✓Historical supply-demand conditions
- Annual average island-wide demand for office space from 2007
-
2016 was about 1.1 million sq ft, compared to annual
average supply of 1.4 million sq ft over the same period. For 1H 2017, island-wide net absorption was 876,000 sq ft,
compared to net new supply of 1.2 million sq ft.
CBD Office Locations (Singapore)
Breakdown of Office Stock in Singapore (million sq ft)(¹)
River Valley/
Singapore River
Shenton Way/
Rabimon Road/
Cedi Street:
0.5 million sq m
Arson Road
Tanjong Pagar
(1) CBRE Pte Ltd, 2Q 2017
CBD
Marina Bay
Bras Bras
Selegle Road
Raffles Place:
11mon sqm
Beach Road
North Bridge Hood
QUE Bayfint
DUE Tower
and QUE Link
Ruffles Face (CD
Decentralised
Area
13.0
23.4%
Marina Centre
CBD Fringe
15.2
27.2%
Marina Bay (CBD)
Shenton Way/Robinson Road/Street (CB0)
- Fringe CBD Locations
Core CBD
27.6
49.4%
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