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Nice Conservation Shophouses along Cantonment Road

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Today, we visited two nice conservation shophouses along Cantonment Road. Many office tenants do not know of these great spaces in this location. Outram Park MRT station is only a close 5 minutes sheltered walk away.

There are 2 shophouses for rent currently. One is approx. 3,000sf, a 2 storey shophouse with attic and the other one is approx. 3,800sf, a 3 storey shophouse with attic. Both are in fitted condition with air-cons and some partition rooms.

See photos below.

If you are looking for office spaces in either shophouses or office buildings, please feel free to contact us at info@officerent.sg and we will do the search for you. 

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Stanley Street Shophouse Office for Sublease

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Note: This shophouse space is no longer available

There is a shophouse space for rent on the 2nd floor of Stanley Street. It is available for sublease till July 2015 and renewable with the main tenant's lease term. The office space is approx. 700sf and asking rent is $4,600/mth negotiable.

Stanley Street is located very close to Amoy Street Food Centre. There are many F&B and retail amenities nearby. It is a short 5 mins walk to Telok Ayer MRT station, or 8-10 mins walk to Tanjong Pagar and Raffles Place MRT stations.

Please contact us at info@officerent.sg if you are interested in this shophouse office or if you have other office space requirements. Thank you so much.

Below are the photos of the office space at this Stanley Street shophouse. 

 

 

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Singapore Office & Business Park / Hi-Tech Industrial Asking Rental Guide 3Q 2014

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Our 3Q 2014 Office Asking Rental Guide & Business Park / Hi-Tech Industrial Asking Rental Guide have been released.

Our Asking Rental Guides are available for office & business park / light industrial tenants only. If you wish to subscribe for our asking rental guides, please click here now or email to info@officerent.sg with your first name, last name, designation and company name.

Looking for a new office, business park or hi-tech industrial space to rent? Please Click here now or email your business space requirements to info@officerent.sg.

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Small Office Room for Rent at AZ @ Paya Lebar

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AZ @ Paya Lebar is a freehold strata-titled light industrial (B1) development along Paya Lebar Road, near the upcoming Paya Lebar Central. The 10-storey development offers 201 units of ramp-up and flatted space suitable for clean and light industries. Directly opposite MacPherson MRT station, the future interchange of the Circle and Downtown MRT lines. Read more information about AZ @ Paya Lebar here.

Subject to contract and availability

  • Level 5
  • Rental includes utilities, internet, usage of meeting room on sharing basis and pantry area.
  • Nice reception area.
  • Small cosy office ideal for small business of 2-3 pax.
  • Full security with CCTV, access cards, 24 hours access to office. 
  • View photos here

Please contact owner Ferlyn at 8100 7014.

Owner assumes all responsiblity for this listing.

Photos

   

 

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Singapore Office Asking Rental Guide 4Q 2014

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We have just released our 4Q 2014 Office & Business Park Asking Rental Guides. 

Our asking rental guides are available for office tenants only. To subscribe, please click here now. Thank you. 

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EFG Bank Building at 25 North Bridge Road

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Today, we visited EFG Bank Building, located at 25 North Bridge Road. EFG Bank Building is a 9-storey office building completed in June 2009. There is a cafe on the ground floor. It is within 8-10 mins walk to City Hall and Clarke Quay MRT Stations. Boat Quay is also just a 5 mins walk away where you can find many restaurants, bars and pubs. 

 

Below are some photos of the lobby. How would you feel walking through such luxurious lobby every day?

 

There is a rooftop terrace which provides an excellent view towards Marina Bay Sands and Raffles Place. 

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Fully Fitted Office at Great World City

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Update (5 Mar 2015) : The below office unit has been leased. 

Looking for other office space?  Please send your requirements to info@officerent.sg to receive a customised listing of office options. Thank you.

Today, we visited a fully fitted office space at Great World City. This office unit is approx. 1,711 sf and is on the high floor. The double volume high ceiling brings excellent natural lighting into the office space. The fittings and fixtures are in very good condition.

Read more about Great World City here

Below are some photos of the office. 

 

 

Looking for other office space?  Please send your requirements to info@officerent.sg to receive a customised listing of office options. Thank you.

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998 Toa Payoh North - Light Industrial Space For Rent

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Update (30 Mar 2015) - This unit is no longer available.

We are the appointed marketing agent for this space.

External agent welcome! 1 month effective rent commission in the event of a successful transaction.

Note: Co-broke fee subject to change without notice

Subject to contract and availability

  • Level 3
  • approx. 868 sf
  • Asking rent: $2.10 psf pm
  • 3 years lease term + option to renew
  • Regular layout
  • Corner unit with windows. Good natural lighting.
  • Bare condition i.e. no lights, aircons and power points.
  • near Bradell MRT station.
  • Air-conditioned food court within the development

Please note that tenant need to comply with URA 60:40 guidelines for B1 light industrial space usage.

 

Photos

 

 

Location Map

Map source: OneMap

 

 

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Straits Trading Building in Raffles Place

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We visited Straits Trading Building last week and decided to share more information about this Grade A office development to our readers. 

Interested to rent an office space in Straits Trading Building? Please contact us now. Thank you.

The 28-storey Straits Trading Building is located at 9 Battery Road, Raffles Place which is the heart of Singapore's Central Business District. The old building was torn down in 2006 and redevelopment was completed in Oct 2009. It is designed in a trapezoidal shape to maximise the views. The higher floors offer panoramic views towards the Marina Bay Sands. 

The building comprises 19 office levels, 4 carpark floors, 2 sky garden terraces on level 13 & 21 and retail shops on the ground floor. It won the BCA Green Mark Gold Award in 2009. It is easily accessible via Raffles Place MRT station (within 5 mins walk), and major expressways. A taxi-stand is located right in front of the building. 

The typical office floor plate is approx. 8,400 sf. A maximum of only 2 office units per floor ensures lobby frontage for tenants. Column-free layout maximizes efficiency in space planning. Office units come with ceiling boards, lightings, raised flooring, centralised air-con and offer a good 3.0m ceiling height.

Facilities in Straits Trading Building includes function rooms at the sky terraces, complimentary 2-hour valet services for Tenant's guests and concierge services. There is a total of 41 car park lots. There is a cafe at the ground floor lobby and many restaurants, cafes, retail shops, banks, bars and hotels nearby. 

Major tenants include law firm Rajah & Tann and serviced office provider Arcc Offices, among others. 

Still not convinced that you should have your new office here? Well, photos speak a thousand words. View and enjoy. :)

Straits Trading Building

 

A walk through the office lobby

Let's go to the open-air sky garden terrace on level 21!

Function room available for tenants.

Panoramic views towards Marina Bay Sands and Esplanade from the sky terrace!

Lastly, a typical office space in Straits Trading Building. 

Interested to rent an office space in Straits Trading Building? Please contact us now. Thank you.

Location Map (source: OneMap.sg)

 

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Featured Office For Rent in Straits Trading Building

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Update: The below office has been leased. 

Looking for a new office space in Raffles Place? Please contact us here. Thank you. 

Listing posted on 18 Mar 2015

Subject to contract and availability

  • Level 7
  • approx. 2,948 sf
  • Asking rent: $10.50 psf pm (negotiable)
  • Bare with ceiling boards, lightings, centralised air-con and raised flooring
  • 3m high ceiling
  • Sky garden terraces with function rooms
  • Complimentary 2-hour valet services for Tenant's guests
  • Lobby frontage
  • 1 season car park lot at $300 (subject to GST) per month

Read more about Straits Trading Building here

 

View Photos and Floor Plan below

Views from the office premises

 

Looking for a new office space in Raffles Place? Please contact us here. Thank you. 

 

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Tribute to Mr Lee Kuan Yew

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A touching moment in our beloved country, Singapore.. Thousands of people queue for 5 to 8 hours to enter Parliament House to pay tribute to Mr Lee Kuan Yew. 

 

 

 

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Singapore Office Asking Rental Guide 1Q 2015

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We have just released our Office & Business Park Asking Rental Guides for 1Q 2015.

Recent office market sentiment is that office rents are expected to increase by another 5-6% this year. With the new office space supply coming on stream in 2016 from Marina One, Duo and Guoco Tower, prime Grade A office rents are likely to be stabilize. (Source: AsiaOne - 5 Mar 2015)

Featured Office For Rent

For Office Tenants Only - Please subscribe below.

 

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Serviced Office at Robinson Point, Singapore

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Robinson Point is an office development located along Robinson Road. It is within walking distance to Raffles Place, Downtown and Tanjong Pagar MRT Stations.

We visited a new serviced office on the level 11 of Robinson Point. They recently opened in the beginning of this year. They offer one of the most competitive rates in the CBD sector in Singapore. 

Serviced Offices offer flexible short-term leases up to 1 year. Being fully furnished, it is attractive for companies establishing their new office in Singapore. 

View photos below. 

Reception Area:

Reception Area

Conference room for 10 pax:

For tenants' usage:

6-8 pax serviced office suites:

Views from one of the rooms:

Pantry area

Lift lobby:

Room available for tenants' usage. Subject to booking and availability:

Main office lobby:

Photo of building:

Map:

 

 

 

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Small Fitted Office Space at OCBC Centre, Raffles Place

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Update (14 May 2015): This unit has been leased.

OCBC Centre is an office development located in the prime financial district of Singapore. It is 5 mins walk from Raffles Place MRT station. 

Today, we visited a 334 sf office unit on level 49 of OCBC Centre. The office unit is currently fitted nicely with 2 rooms, carpet flooring, feature wall, wallpaper and door access system. It is suitable for small office setup or new startup companies in Singapore.

Photos

 

 

 

 

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Newly Renovated Small Offices in One North Bridge, High Street Centre

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One North Bridge Level 6 is also the High Street Centre building, located in between Clarke Quay and City Hall MRT stations. We have the pleasure to be invited by the owner of Level 6 last week to visit its premises.

Level 6 is exclusively accessible by its office tenants only. Many offices from 500 sf onwards are located on this floor and they are surronded by a beautiful landscape consisting of a garden and koi pond. Koi fishes and turtles co-exist in harmony along a corridor right outside the office units. We feel this is an extremely nice place to work in and whenever we are stressed or need a place to relax and find ideas, we can just step out of our offices anytime. 

The well decorated area creates a good fengshui which will bring good fortune, success, prosperity, longevity, courage, ambition and perseverance to all companies and everyone working on Level 6. SIX is a lucky number for the Chinese and many businessmen love to be associated with the number.

In Chinese,  means that everything is going smoothly. 

Below are many photos we took at Level 6 of High Street Centre. However you will need to be present physically to visualise having your new office here and working in this environment. Contact us now at info@officerent.sg to schedule a visit! 

Office Lobby

First, let's look at the beautiful landscape surronding the offices.

 

Corridor of some office units

Some of the office spaces available

Views from the office units

How does High Street Centre look from the exterior?

 

Map Location of High Street Centre

Wish to have your new office here at Level 6 of High Street Centre? Contact us now at info@officerent.sg!

Thank you. 

 

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Office Space in Palais Renaissance, Orchard Road

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Do you know that there are many office spaces in the prime shopping district of Orchard Road? 

Palais Renaissance, or Palais (pronounced pa-lay) for short is one of them and we will cover this development today. Please note that the office spaces shown in the photos are available at this time, however they can be leased out any moment. Please enquire with us here for the latest availability.

Palais Renaissance is a 17-storey development comprising 13 levels of offices, 4 levels of exclusive retail space and 2 basement carparks. The building was built in 1993 and refurbished recently in 2009. Only 5-8 mins walk from Orchard MRT station, it is very convenient for office workers and visitors. Car users will be happy that it is located outside the ERP zone.

With reference from Wikipedia, the building's double-skin glass facade with musical dancing lights which was created by renowed design consultant Kajima Design Asia was a world's first. The dancing lights are the creation of award-winning architectural lighting designer from Light Design Inc, Hiroyasu Shoji, as his debut project in Singapore.

Before we mesmerised you with the photos, please do check out a recent article here by Ladyironchef on the 4 affordable dining places within Palais Renaissance. 

Interested to rent an office space at Palais Renaissance? Contact us now with your office space requirements. 

Nice Facade of Palais Renaissance development. Beautiful entrance to the mall.

 

Retail shops along the ground level facing Orchard Road.

More retail and F&B outlets within the mall.

You are not here for offices but for shopping only? Well, check out the Shopping directory beside the concierge counter at level 1. Businesses in the retail mall are mainly in the following categories; 1) Fashion, Shoes & Accessories, 2) Hair, Beauty & Spa, 3) Food & Beverage and 4) Home & Living. 

The is the office lobby leading up to the office tower. First, we visited Level 8.

Currently, there is a 1,023 sq ft office unit on this level. Office units typically come with ceiling boards, air-cons, lightings and raised flooring. Efficient regular layout.

Views from the office unit.

We then proceed to Level 9. This office unit is similar to the one we just seen. Size and views are pretty much the same.

Next, we went up to the higher floor. There is a whole floor of 4,510 sq ft office space available. If you do not need to be the exclusive whole floor tenant, it is possible for you to take up half floor at 2,282 sq ft or 3 units at 3,541 sq ft. 

Floor traps and water points are available for some of the units. This will be suitable for tenants who wish to have internal wet pantries within their own office premises. Landlord can also explore tenants with non-office usage i.e. Aesthetic Clinics, Chiropractic, Physiotherapy Centre or Yoga Centre. Note that this is subject to change of use and approvals and tenants must lease more than 2,200 sq ft of space.

Views from the higher floor offices towards Orchard Parade Hotel, Forum The Shopping Mall, Hilton Hotel, Far East Shopping Centre and Liat Towers.

Are you interested to find out more information about office spaces in Palais Renaissance or other buildings in the Orchard Road / Somerset / Dhoby Ghaut sector? Contact us now with your office space requirements. 

 

Location Map of Palais Renaissance

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Centropod @ Changi - Small Office Space in the East

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Centropod @ Changi is a brand new freehold commercial development located at 80 Changi Road. It consists of strata-titled office units on the upper levels, as well as shops and restaurants on the first 2 levels. Centropod is fully sold and was completed recently in Jan 2015.

Skip the text below and view the photos here

There are 75 office units, including 6 duplex units from levels 3 to 5. Most regular office units come with a floor to ceiling height of up to 4.3m. The exclusive duplex units have direct access to the rooftop facilities. There are 108 retail shop units and 9 restaurant units on levels 1 to 2. Office sizes range from 463 sf to 1,507 sf per unit. 

On the rooftop is a swimming pool and numerous open spaces for a perfect relaxation from your hectic workday. There is also a small gym with shower facilities nearby. The rooftop is accesible 24 hours by office tenants and occupiers only. There are 2 fully equipped meeting rooms. Booking may be required for the meeting rooms.

You can also chill out at the sky garden on level 3.

Centropod is located close to the upcoming Paya Lebar Central commercial hub. It is approx. 6-8 mins walk to Eunos MRT and 12 mins walk to Paya Lebar MRT stations.

If you prefer to cycle to work, there are 24 bicycle lots at the basement car park.

Electrical installation for all shop and office units with individual metering is 230V Single phase, 60Amp. Additional items provided include Floor Trap, fan coil units and individual metering for incoming water supply. Tenants and occupiers are to make their own arrangements with the relevant service providers for internet, electritcity services and water supply. 

A short 2 mins walk away is a food centre and coffee shop along Lor 101 Changi. Slightly further down along Changi Road is Geylang Serai Market and Food Centre. Yes! Lots of good and affordable food choices nearby Centropod. :)

We will be looking forward to the new civic centre of Wisma Geylang Serai, expected to be completed in 2017. It will house a community club, the Malay Hertiage Gallery, the South East Community Development Council office and other arts and community facilities. A pedestrian walkway will be lined with shops and cafes. Read more here

Geylang Serai market to be linked to Paya Lebar MRT station hub - Read more here

Centropod Photos

Office Lobby 

Corridor leading to the office units

Let us go to the rooftop.

Looking down at level 3 from the rooftop.

At this moment, I was already sweating like crazy due to the beautiful hot weather. Then, the blueish swimming pool appeared and I really had an urge to jump in. A client was touring the premises with me, so maybe next time!

If you don't feel like swimming or soaking in the blue pool, there are a few chairs around for you to sit down and enjoy the sun, water, blue sky and views. 

Next, we proceed to the gym. There are some cardio machines which will help you burn fat and make some room in your stomach to reward yourself later with some delicious food after a hard day of work.

There are 2 meeting rooms as well which can be combined if required. 

Artist impression of the meeting room. Source: Roxy-Pacific Centropod Microsite

We then head down to Level 3.

 

Carpark is at the Basement.

Bicycle lots available.

Centropod @ Changi is designed to be handicap-friendly and wheelchair accessible.

 

Interested to rent an office space at Centropod? Please contact us now at info@officerent.sg.

Are you an office space owner and wish to rent out or sell your office unit? Contact us now.

Video of Centropod

Location Map

Interested to rent an office space at Centropod? Please contact us now at info@officerent.sg.

Are you an office space owner and wish to rent out or sell your office unit? Contact us now.

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Ocean Financial Centre - Prime Grade A Office Development

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Today, we shall take a quick tour of Ocean Financial Centre in Raffles Place.

Ocean Financial Centre, completed in 2011, is located at 10 Collyer Quay, Singapore's Central Business District. It is a 43-storey premium Grade A office development designed by Pelli Clarke Pelli, a renowed architetural firm in the world. It is built on the site of the former Ocean Building, which has since been demolished.  

Ocean Financial Centre offers approx. 885,000 sf of Grade A office space, with typical floor plates of 20,000 sf to 25,000 sf. It is directly above Raffles Place MRT station and is connected to surronding office developments via an underground pedestrian network. The carpark and retail podium consists of 222 carpark lots and retail space on the ground and basement levels.

In the prime Raffles Place location, you have no shortage of amenities. There are lots and lots of restaurants, cafes, retail shops, banks, rooftop bars, hotels, fitness gyms and more. You are also minutes walk away from many affordable food choices i.e. Golden Shoe Food Centre, Boat Quay coffee shops, Clifford Centre basement food court and more. Our favourites? Well, there are too many to name. If you are a new tenant in Raffles Place, take your time to enjoy the various food choices around.

Ocean Financial Centre has achieved numerous awards. Some notable awards are Green Mark Platinum award by BCA, Skyrise Greenery Award (Excellence) by National Parks Board, World's Best Commercial High-Rise Development by International Property Awards, Solar Pioneer Award by Singapore Economic Development Board and Energy Market Authority and Platinum Level LEED award by U.S. Green Building Council. 

Interested to rent an office space in Ocean Financial Centre? Please contact us now at info@officerent.sg.

Ok, time to enjoy our photos below.

Walking towards Ocean Financial Centre from Raffles Green, you will find O' Coffee Club directly in front of the building. 

Look up and you will find a prominent green wall on the exterior facade of the podium. Do you know that you are now looking at the Singapore map?

The center and largest part of the green wall is the World Map, and follow by the South-east Asia map on the right facade.

This green wall exterior facade has been ceritified as the Largest Vertical Garden by the Guinness World Records as of 13 Sept 2013.

If you are into appreciating art pieces, you can view some world class artworks around Ocean Financial Centre. They are free to view. :) Quite amazing that the 3 artworks installed around the development cost a total of $12 million. 

This Tall Tree and The Eye is created by renowned and recently knighted British artist Anish Kapoor. His intention when creating this artwork is to make objects disappear through the reflecting spheres. 

Below the giant green wall is the School of Fish which took 10 months to complete. These glass fishes are the creation of Singapore-based Australian artist B. Jane Cowie and it reflects the district's maritime history.

Walk with the glass fishes and you will reach a small cafe.

Look back at this amazing view from the cafe.

After a quick coffee break, let us continue our tour. Next, we reached the sheltered drop-off area. 

Going around the building, we will see another artwork. It is called Singapore Soul and is made up of words and ideograms in Singapore's four national languages. Do you know which are our 4 national languages? Singapore Soul is created by Catalan artist Jaume Plensa.

 

We proceed into the office lobby. Definitely a great first impression for your visitors.

A beautiful Steinway & Sons grand piano currently sits at the corner of the lobby area. Over the past 2 years, office workers have enjoyed beautiful perfomances and melodies by several young artistes on this grand piano. We understand that Keppel Reit has generously donated it to School of the Arts (SOTA) and it will probably be leaving Ocean Financial Centre soon. 

We then went up to one of the lower floors in the development. Below are some photos of a typical office space in Ocean Financial Centre. 

Each floor is approx. 20,000 sf to 23,000 sf. Sub-division from 4,600 sf may be considered. Office units come with a 2.8m floor to ceiling height and raised flooring. The full-height windows all around bring in lots of natural lighting. The column-free layout provides efficiency in space planning. 

Some views from the unit.

 

Wish to see and understand more? You are encouraged to visit the premises in person. Please contact us here now or email to info@officerent.sg with your office space requirements. Thank you.

Location Map

Interested to rent an office space in Ocean Financial Centre? Please contact us now at info@officerent.sg.

Video of Ocean Financial Centre

Source: YouTube

Video - History of Ocean Building

Done by Digital Kitchen Studios

Interested to rent an office space in Ocean Financial Centre? Please contact us now at info@officerent.sg.

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Heritage Office Space at Paya Lebar Road

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Formerly the Geylang Fire Station, the development was refurbished in 2014 and is now a commercial development named as Paya Lebar Office Centre. It is located at 29 Paya Lebar Road, right at the prominent junction and opposite Paya Lebar MRT station.

Paya Lebar Office Centre consists of 2 blocks; one 2-storey and one 3-storey. Each office unit is approx. 500 sf to 3,500 sf. Land area is approx. 13,930 sf and Gross Floor Area is approx. 10,739 sf. 

The premises is most suitable for office space usage or commercial school. If you rent the whole of Paya Lebar Office Centre, there is probably an opportunity for you to install your company signage facing the prominent junction of Paya Lebar Road and Sims Ave. This excellent frontage will provide good visibility to the thousands of vehicles and pedestrians passing by the area every day. Such a branding opportunity is rare to find.

Office space units are fitted with ceiling boards, air-cons and lightings. There are also internal toilets. In between the 2 blocks is an open area where you can use as a car park perhaps. 

Opposite 29 Paya Lebar Road is the Paya Lebar MRT station and the brand new Paya Lebar Square development. You can find lots of retail shops and F&B amenities in Paya Lebar Square. 

Please contact us here if you have any office space enquiries with regards to Paya Lebar Office Centre, 29 Paya Lebar Road. 

Photos

Location Map

 

Please contact us here if you have any office space enquiries with regards to Paya Lebar Office Centre, 29 Paya Lebar Road. 

 

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Paya Lebar Square - Strata Office Space

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We were invited by an office owner of Paya Lebar Square to help market 2 of their office units. If you are looking to rent or buy an office space in Paya Lebar Square, hope this article will help you understand the development better. 

Any enquiries about Paya Lebar Square offices, please feel free to contact us here

Paya Lebar Square is a 99-year leasehold commercial development consisting of strata-titled office units and a shopping mall. Office spaces are of various sizes from approx. 500 sf onwards. It is conveniently located right in front of Paya Lebar MRT Interchange, serving the East-West and Circle lines. It is only a short 10-15 mins drive to the Central Business District.

In the near future, the Paya Lebar district is planned to be a major commercial and entertainment hub outside the CBD. You can look forward to more offices, retail, hotel and public spaces in the precinct. Approx. 12ha of land around Sims Ave and Geylang Road will be put up for development, yielding some 5.4 million sf of commercial space. Most will be for office space. The decentralisation plans by authorities aims to provide jobs closer to homes, and reduce congestion and travelling times to and from the city centre.

Many investors see this potential value and as such, most of the office units in Paya Lebar Square were snapped up during launch. As of 1 Apr 2015, there were only a few units left.

Paya Lebar Square is designed by DP Architects, an award winning architectural firm. There is a 10-storey office tower above a 3-storey retail podium and multi-storey carpark, with a landscaped garden on level 4. Paya Lebar Square is designed for the BCA Green Mark Gold Plus award. 

Each office floor is approx. 43,000 sf. All offices units have provision of celing boards, raised flooring, lightings and double-layered sprinkler system. Some units will be equipped with water supply and waste discharge facility. Recently, we noticed that many new strata office developments are in "Bare shell" condition i.e. no lights, no ceiling boards and with cement flooring, which make them very "industrial" looking. We think it is great that the developers of Paya Lebar Square chose to have such provisions for their office space units. 

The floor-to-ceiling height windows bring good natural lighting into the office spaces. If you are lucky, you may find units that have panoramic views facing the city skyline. 

Security features in Paya Lebar Square include the Card Access System, Turnstile-equipped Lift Lobbies, Closed-circuit TV monitoring system and Building Automation System. You will have a peace of mind that your office units will not be accessible by just anyone. 

At the 95,000 sf retail podium, you can find banks, retail shops,hair & beauty salons, food court, cafes & restaurants and a supermarket from basement level to level 2. We know great and affordable food choices are most important for many of you. The Ordinary Patrons has written an excellent article and you are encouraged to read it here: https://ordinarypatrons.com/2014/12/26/paya-lebar-square-food/ 

Paya Lebar Square was completed and TOP in Nov 2014. Based on a Straits Times report on 5th Apr 2015, only about 10% of the 556 office units are occupied. When we visited a few days ago, the occupancy level has improved slightly however still more than half the office tower is vacant. 

This scenario is very common for brand new strata developments. Many investors have the mindset that there are hundreds of potential office tenants looking to rent their new offices. The reality often does not meet their expectations. Owners were asking rentals as high as $6.50 - $7.00 psf pm at the start. The more experienced investors would rather not compete with these "high expectation" owners. They prefer to offer their units at "below market rent" to secure the first tenants rather than leaving their units empty for a year or more. 

In the current tenant's market, there is real opportunity to secure a new office space in Paya Lebar Square at a very attractive value. As such, many companies are taking up new space here. Once the building achieved above 90% occupancy, landlords will slowly revise their rentals back to the market value.

Renting of offices largely depend on demand and supply. There are 556 office units in Paya Lebar Square --> the supply. How many potential tenants are there now and how many units are competing for the same tenants --> the demand?

Disclaimer: All information in this article is for general information and reference only. They do not constitute as professional legal or investment advice. Please seek professional advice if necessary and make your own judgements in your investment decisions. 

Any enquiries about Paya Lebar Square offices, please feel free to contact us here

Ok, let us start our photo tour around Paya Lebar Square development.

Photos

Above is the view of Paya Lebar Square from the main Paya Lebar Road.

Driving in to Office Lobby 1. There is also an Office Lobby 2 closer to the MRT station.

Corridor leading to the office units. At the moment, there will be renovations going on as office tenants start moving in. 

A typical 1,000 sf office unit. With raised flooring, air-cons, ceiling boards and full-height windows.

Row of shops on the ground floor. 

A spacious taxi stand along Eunos Road 8

Paya Lebar Square is connected to Paya Lebar MRT station. In case you are wondering, that is not a bird or superman. Just a plane that happened to fly across. 

Below are all the photos taken inside the retail podium.

Any enquiries about Paya Lebar Square offices, please feel free to contact us here

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