Orchard Road

Premier Retail. Luxury Positioning. Full Occupancy.

Office Vacancy

1.6%

Retail Rent

S$27.80 psf/mo

Grade A Rent

S$8.98

Cap Rate Range

4.35% – 5.00%

District Overview

Singapore's iconic retail boulevard with select Grade A commercial stock. Office vacancy at 1.6% — effectively zero available space. Retail rents averaging S$27.80 psf/month (2025), among Asia's highest.

URA Master Plan Highlights

Strategic Development Incentive (SDI) Scheme for Orchard
Orchard Road Transformation Plan — pedestrianization
Mixed-use redevelopment of older commercial buildings

Investment Thesis

The rare combination of effectively zero office vacancy and premium retail positioning makes Orchard a unique defensive play. SDI Scheme 2.0 enables value-add through strategic redevelopment.

Risk Factors

Retail sector structural challenges from e-commerce
High entry prices reflecting scarcity
Tourism volatility affecting retail performance

Location

1.3048, 103.8318

Key Statistics

Office Vacancy1.6%

Retail RentS$27.80 psf/mo

Grade A RentS$8.98

Cap Rate Range4.35% – 5.00%

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