About 108 Robinson Road
Premium-grade strata office floors for sale in the heart of the CBD
108 Robinson Road is a 12-storey freehold strata-titled office building which offers over 53,000 sq ft of high-quality office space. The strata floors available for sale will be as follows:
Level 1 & 2 Retail: Approx. 6,728 sq ft
Levels 3 to 12 Offices: Approx. 4,349 sq ft to 4,768 sq ft
It is located within the Shenton Way / Tanjong Pagar precinct, an energetic location undergoing rapid growth and rejuvenation. The asset is easily accessible, being within 5 5-minute’ walk to 3 MRT stations, with the Telok Ayer MRT station located just 250 metres away. Several new and upcoming commercial developments are underway, further strengthening the area as a key business district.
108 Robinson Road, prominently fronting Robinson Road with excellent visibility, has undergone a comprehensive Asset Enhancement Initiative (AEI) that achieved TOP in June 2023. The Asset stands out with its full-height glass window façade, prominent crown on the roof, and an open, double-volume lobby. Inside, its excellent specifications include a private lift lobby and washrooms, which will appeal to tenants and users alike.
The building has received the Green Mark Platinum green building certification by the Building Construction Authority (BCA) in Singapore. The refurbishment project was designed around the principles of minimizing the building’s carbon impact and improving occupier well-being. The building boasts enhanced indoor air quality features such as openable front façade shutters and rear casement windows for natural ventilation. It also showcases sustainability features such as rooftop PV panels and touchless access control.
108 Robinson Road provides a unique opportunity for investors and owner-occupiers to acquire strata office floors comprised within a newly refurbished, freehold office property in a prime CBD location at an attractive investment quantum. Buyers will leverage the scarcity of strata office opportunities amidst the restrictions on strata subdivisions in the CBD, capitalizing on mid- to long-term capital appreciation and rental upsides. Furthermore, the asset’s freehold tenure will strongly appeal to discerning private wealth and family offices that have been setting up offices in Singapore.
Asia Pacific Gateway City
Singapore is one of the world’s leading investment markets, supported by strong economic fundamentals, political stability, and transparent public institutions.
Despite global economic headwinds in 2023, Singapore narrowly avoided a recession with a strong Q4 performance, resulting in a full-year GDP growth of 0.9% in 2023. For 2024, MTI has forecasted GDP growth of between 1 – 3% as global interest rates moderate and manufacturing and trade-related sectors improve.
With its pro-business policies and transparent and competitive tax regime, Singapore remains the preferred destination for MNCs and family offices to establish their regional presence.
Real estate investment volume in 2023 moderated to $22.8 bn, 29% lower than in 2022, as investor sentiment remained cautious in the high interest rate environment. CBRE remains confident in the outlook for 2024, as Singapore noted a rebound of several big-ticket transactions at the end of 2023 and optimistic signals from the US Federal Reserve on potentially tapering interest rates this year.
One of The Best Performing Office Market in Asia Pacific
The Singapore office market demand remains resilient, underpinned by a broad and diversified base of growing industries, including agile space services, insurance, and transport and storage.
Despite strong leasing demand and muted office supply, short-term office rents are expected to grow by 9.0% over the next three years.
Office supply from 2024 to 2027 is estimated to be 34% lower than the 10-year historical average of 1.23 million SF. This comes with the ongoing redevelopment of AXA Tower, Fuji Xerox Towers, Keppel Towers, and Clifford Centre, as well as potential redevelopments steered by the CBD incentive scheme, resulting in nearly 1.5 million sf of office space taken off the market.
Upward pressure on rents is sustained by robust demand in the office market, spurred by flight-to-quality, displaced tenancies from planned redevelopments, and expansions from growth sectors, including technology, non-banking financial services, and legal and accounting.
Robinson Road – Thriving Business Precinct Poised for Upsides
Prestigious CBD address in the heart of core CBD – within the Shenton Way / Tanjong Pagar submarket.
The submarket is undergoing rapid growth and rejuvenation with a string of new developments including CapitaSky, Afro Asia Building, Guoco Tower, Frasers Tower, 79 Robinson Road and upcoming developments including IOI Central Boulevard Towers (U/C), Solitaire on Cecil (U/C) as well as the slated redevelopment of AXA Tower, Fuji Xerox and Keppel Towers.
As the strategic gateway to the future Greater Southern Waterfront, the area will benefit from further growth, enhanced accessibility and new transport links.
Coveted Freehold Trophy Asset with Excellent Visibility
It is extremely rare to find freehold strata-titled commercial buildings in Singapore. These are typically tightly held and seldom put up for sale.
Strata offices only make up 15% of Singapore’s total office stock. Freehold / 999-year leasehold strata offices are highly limited as these assets only comprise 3.7% of Singapore’s total office stock.
Assets of such nature are typically treated with great prestige and privilege and are tightly held. They offer investors capital preservation and potential for capital appreciation as Singapore continues to strengthen its position as a financial and business hub.
The Asset occupies a prime position fronting Robinson Road and offers the owner-occupier or anchor tenant significant brand enhancement opportunities via potential naming and/or signage rights.
Excellent Connectivity & Access to Amenities
The asset is close to three MRT stations: Tanjong Pagar MRT Station (480m), Telok Ayer MRT Station (250m), and the upcoming Shenton Way MRT Station (250m), all of which are within a minute’s walk.
At the heart of the CBD and flanked by the bustling Chinatown—Telok Ayer Conservation Area, 108 Robinson Road is enveloped by an abundance of key amenities, F&B (Lau Pa Sat, Amoy Hawker Centre, F&B along Amoy Street, Telok Ayer, and Boon Tat Street), and lifestyle offerings.
Well-connected to the rest of Singapore via major thoroughfares and expressways such as the East Coast Parkway (ECP), Central Expressway (CTE) and Marina Coastal Expressway (MCE).
Newly Refurbished Office Building with Premium Specifications
108 Robinson Road has undergone a comprehensive refurbishment, transforming the building into an exciting new flagship office development. The AEI included a new façade, replacement of all major M&E (including lifts and air-conditioning system) and a refreshed lobby. New retail, F&B or lifestyle amenities will be included to add vibrancy to the development.
The asset has achieved the BCA Green Mark Platinum certification in Singapore. The refurbishment project was designed around the principles of minimizing the building’s carbon impact and improving occupier well-being. The building boasts enhanced features such as openable front façade windows and rear casement windows for natural ventilation, fitted photovoltaic roof panels, and touchless access control systems.
Limited Supply of New Strata Office Units in CBD
The Urban Redevelopment Authority (“URA”) announced in March 2022 that strata subdivision of office developments into individual units would no longer be allowed in specific areas in CBD corridors, Orchard Road, and near national landmarks around the city centre.
With these restrictions, the strata office floors at 108 Robinson Road are expected to be one of the last few strata-titled newly completed opportunities in the CBD.
Premium Office Building With Regular Efficient Floor Plate
The New Nexus of Singapore’s CBD
108 Robinson Road is in the Shenton Way market, home to many established global financial and technology MNCs such as Dentsu Aegis Network, Allianz, ING, EFG Bank, Total Energies and Microsoft.
The proximity of the neighbouring Chinatown—Telok Ayer Conservation Area contributes to the buzz of the Shenton Way / Tanjong Pagar precinct, with its rich tapestry of iconic F&B, retail, and lifestyle concepts. Shophouse conservation areas, in particular, have become preferred locations for trendy and upscale offerings such as Michelin-starred restaurants, who prefer the quaintness of the heritage shophouses.
Given its strategic location and rapid growth, the precinct has immense potential to emerge as a dominant business district where rents can potentially match those in Raffles Place and Marina Bay.
The precinct connects key districts including Raffles Place, Marina Bay and the upcoming Greater Southern Waterfront (GSW). Earmarked by the Urban Redevelopment Authority (URA) as one of Singapore’s key growth areas, Shenton Way / Tanjong Pagar has undergone a significant transformation under the “Live, Work, Play” vision and is today a dynamic commercial district comprising of 10.6 million sf of office stock, a myriad of F&B and retail offerings, luxury hotels and premium residential developments.
Several new and upcoming large-scale developments completed and underway will further cement the area as a thriving commercial hub – this includes CapitaSky, Frasers Tower, IOI Central Boulevard Towers and Solitaire on Cecil.
As part of the ongoing government’s plan to rejuvenate the city centre, the CBD Incentive Scheme will motivate more building owners to convert existing ageing buildings into mixed-use development, spurring further growth in the area. Slated redevelopments in the area include AXA Tower, Fuji Xerox and Keppel Towers, which will translate to further reduction of office stock from the already tight office submarket of Shenton Way / Tanjong Pagar in the short to medium term.
Additionally, as the strategic gateway to the planned Greater Southern Waterfront (GSW), which covers about 2,000 hectares of land, more transformation can be anticipated as GSW is progressively developed in the near future.
Future Ready Office Space
The objective of the AEI was to meet current standards in sustainability and occupiers’ expectations of building amenities. The scheme was developed around the principles of minimizing the building’s carbon impact and improving occupier well-being.
Double Volume Lobby
The lobby features an open-concept double-volume space that can accommodate F&B tenants and create a strong sense of arrival at the asset.
Open Layout Lobby Space
108RR’s lobby space will feature F&B concepts such as a café and restaurant. The open lobby layout will help create an inviting entrance into the building and welcome passers-by to take in the dynamic activity at the property.
BCA Green Mark Platinum
108RR has achieved BCA Green Mark platinum. This will reduce the energy and water usage of the building and have a positive impact on the corporate image, as well as the leasing and resale value of the asset.
Open Balcony Workspace
Openable windows allow for the possibility of incorporating outdoor balcony spaces into the work environment. Access to fresh air and sunlight benefits users’ cognitive functions and well-being. Tenants at 108RR have the flexibility to be creative with their work environments, bringing refreshing outdoor elements into their workspaces.
Open Balcony Workspace
Dedicated Outdoor Fresh Air Units
Dedicated outdoor fresh air units complement efficient HVAC systems to facilitate improved air circulation within 108RR’s office spaces. They filter out air pollutants from supplementary external air, improving the air quality by reducing internal levels of CO2 by up to 40%.
Enhanced Hygiene Provisions
To minimize the transmission of viruses such as COVID-19 and enhance hygiene standards for tenants and visitors to the property.
Full Height Glass Window Facade
A newly constructed and modern full-glass facade is powered by solar panels. The facade is also equipped with windows that can be opened to naturally ventilate the office premises.
Premium Office Space
Advanced loT enabled BMS & Touchless Access Control Systems
108RR integrates Habitap’s ONE office system for secure access control. Building management processes are streamlined and made sustainable, doing away with the hassle of issuing physical access card and maintaining physical log books to track security access points. The ONE mobile application provides seamless access to various services and features such as facility booking, visitor management, contactless lift calling, and security access control.
Fitted Photovoltaic Roof Panels
In keeping with PGIM’s commitment to its net-zero sustainability goals, 108RR is fitted with photovoltaic solar roof panels. The energy generated from these panels will help offset the energy consumed to power the façade and common area lighting.
Fitted Water System
The fitted water system is targeted to reduce water consumption by 20%.
One of the last remaining Freehold strata office opportunities in Singapore’s CBD
Rare and iconic freehold strata offices that command the prestigious District 1 address
A revered asset in Singapore that is typically tightly held with ownerships bestowing great prestige and privilege
Highly limited asset class in the CBD, given the restrictions of future strata subdivision of developments in key areas
Prominent road frontage with potential signage and naming rights
Future-ready building has been extensively furbished with excellent office specifications and the highest green rating in Singapore.
Situated in established Shenton Way / Tanjong Pagar submarket that is undergoing significant transformation
Unrivalled connectivity: near 3 MRT Stations
Investor-friendly regulations, foreigners eligible, No ABSD / SSD payable
