Tanjong Pagar

Historic District. Rejuvenation Pipeline. Value-Add.

Grade A Rent

S$8.66

Vacancy Rate

11.2%

Supply Pipeline

1.5M+ sq ft

Rent Growth Forecast

+3-4% (2026)

District Overview

A district in transformation. Guoco Tower proved the mixed-use thesis, and The Skywaters (formerly Fuji Xerox Towers) will become Southeast Asia's tallest building. CBDI 2.0 supports residential and hotel conversion, creating 24/7 activation.

URA Master Plan Highlights

The Skywaters — 305m, 63 storeys, completion ~2028
Newport Plaza — CBDI-supported mixed-use development
Tanjong Pagar MRT + future CRL interchange
Anson-Tanjong Pagar: 1,100+ new homes planned

Investment Thesis

The highest vacancy in the CBD (11.2%) is a near-term challenge but creates entry-point opportunities. The rejuvenation pipeline will fundamentally reshape the district's demand profile. Best value-add play in the Singapore CBD.

Risk Factors

Elevated vacancy from shadow stock
Construction disruption during redevelopment
Higher capex for heritage-sensitive redevelopment

Location

1.273, 103.843

Key Statistics

Grade A RentS$8.66

Vacancy Rate11.2%

Supply Pipeline1.5M+ sq ft

Rent Growth Forecast+3-4% (2026)

Download District Report