Marina Bay / Marina Centre

Trophy Assets. Premium Returns. Limited Supply.

Grade A Rent

S$13.00+

Vacancy Rate

11.1%

Supply Pipeline

Limited until 2028

Cap Rate Range

3.25% – 3.80%

District Overview

Singapore's most prestigious commercial district. Marina Bay Financial Centre, Asia Square, and MBFC Tower 3 represent the pinnacle of Grade A office stock. Grade AAA rents at S$13.00+ psf/month with vacancy at 11.1% — elevated due to IOI Central Boulevard Towers absorption, but trending down.

URA Master Plan Highlights

White site releases for mixed-use development
Marina Bay Sands expansion adding retail/hospitality demand
CRL Marina South station (2030) enhancing connectivity

Investment Thesis

The concentration of trophy assets, limited new supply, and sustained demand from banking and sovereign entities position Marina Bay as Singapore's most defensive office market. Cap rate compression potential of 25-50bps over 2026-2028.

Risk Factors

Elevated vacancy from new completions (IOI CBD Towers)
Geopolitical risk affecting banking sector expansion
Premium pricing limits entry for new investors

Location

1.2789, 103.854

Key Statistics

Grade A RentS$13.00+

Vacancy Rate11.1%

Supply PipelineLimited until 2028

Cap Rate Range3.25% – 3.80%

Download District Report