Type

Units

Min Area

Price Range

Other

463 sqft

S$950K – S$4.7M

Property Highlights

Commercial development with 7 units currently available.
Prices currently range from S$950K to S$4.7M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$190K on this acquisition.
Located 3 min (250 m) from EW15 Tanjong Pagar MRT Station.

Price Trends & Rental Yield

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International Plaza: Premium Office Investment on Anson Road

International Plaza stands as a landmark commercial property on Anson Road, positioned squarely within Singapore's Central Business District. This development offers professional office space that caters to both owner-occupiers and investment-focused buyers seeking exposure to the city's most established commercial precinct. With units available from S$4.26 million, the project represents an accessible entry point into prime CBD office ownership for investors and corporates alike.

The location on Anson Road places International Plaza at the intersection of major business corridors, where multinational corporations, law firms, financial advisory houses, and professional service providers cluster. This concentration of white-collar employment generates consistent leasing demand, making the development particularly attractive to those purchasing for rental yield or long-term capital growth. The neighbourhood's maturity and institutional presence underpin steady tenant enquiry and competitive rental rates.

Connectivity and Transport Access

Situated just 250 metres—approximately three minutes' walk—from Tanjong Pagar MRT Station on the East-West Line (EW15), International Plaza benefits from exceptional transport connectivity. The East-West Line serves the entire island from Pasir Ris to Tuas Link, making the station a crucial interchange for commuters across all major employment and residential nodes. This proximity eliminates transport friction for office workers, enhancing tenant retention and rental appeal across all unit categories.

Beyond the MRT, the address enjoys immediate access to multiple bus routes, taxi services, and the Singapore River waterfront, where recreational and hospitality amenities continue to expand. Employees and visitors can easily navigate between International Plaza and banking headquarters, government offices, and other CBD anchors within a walkable radius, reinforcing the development's desirability as a corporate address.

Office Market Dynamics and Demand Drivers

Singapore's office sector has experienced structural shifts in recent years, with hybrid work models creating renewed appetite for high-specification space that supports collaborative and flexible working arrangements. International Plaza's location in the CBD ensures it remains a magnet for firms seeking prestige, client-facing facilities, and proximity to regulatory bodies. The development's position in an area where office rents command premium rates reflects the scarcity of available grade-A stock and sustained institutional demand.

Rental yields in the CBD office market have stabilised in recent years, with well-maintained properties in strategic locations commanding competitive lease rates. Buyers of units at International Plaza can expect rental income reflective of the area's established market rates, typically higher than suburban office parks yet supported by strong tenant demand and lower vacancy risk. The development's visibility and accessibility make it a go-to option for corporate relocations, lease renewals, and expansion-focused firms.

Investment Considerations for Buyers

Purchasers of office space at International Plaza should evaluate their investment timeline and yield expectations in the context of current market conditions. CBD office values have historically demonstrated resilience, particularly for properties with strong tenant rosters and modern facilities. The development's reputation and central location position it favourably against competing office stock, supporting both capital appreciation and rental stability over medium to long-term holding periods.

For Singapore Citizens considering a second property purchase, Additional Buyer's Stamp Duty at 20% applies to the purchase price, representing a material cost component that must be factored into the investment thesis. Prospective buyers should also assess financing capacity, as mortgage lending for office investment properties may carry stricter loan-to-value criteria and require evidence of strong tenant agreements or rental cashflow projections.

Unit Configuration and Occupancy Options

International Plaza accommodates a range of occupancy models, from single-floor occupation by larger corporates to multi-tenanted arrangements across smaller suites. This flexibility ensures the development appeals to diverse buyer profiles—from owner-operators in law, accounting, or consulting to pure investment buyers seeking leasehold income streams. Larger contiguous floor plates command premium rental rates and attract marquee tenants, whilst smaller units offer lower absolute purchase prices and may suit investors with tighter capital allocation.

The development's design and management standards support professional office operations across all unit sizes, with amenities and services tailored to corporate tenancy requirements. Modern specifications, meeting rooms, and parking provision ensure the building remains competitive in tenant recruitment and retention, underpinning revenue stability for ownership investors.

Market Position and Competitive Landscape

Anson Road remains one of Singapore's most sought-after office addresses, competing directly with nearby streets including Raffles Place and Marina Bay for premium corporate occupancy. International Plaza's specific competitive advantage derives from its East-West Line connectivity, heritage as an established commercial landmark, and the concentration of professional firms in its immediate vicinity. These factors combine to sustain rental demand and prevent obsolescence, a key risk factor in office investment.

Buyers evaluating International Plaza should compare available units against contemporary offerings in the surrounding CBD corridor, assessing tenure, lease decay implications (if applicable), refurbishment standards, and tenant roster quality. The development's performance against these variables determines long-term capital growth potential and rental yield stability, critical inputs for any investment decision.

Future Supply and Market Outlook

The CBD office market faces evolving dynamics from remote work adoption and shifting corporate real estate strategies. However, International Plaza's central location and transport access position it defensively against longer-term demand erosion. New office supply in the CBD has moderated in recent years, with limited major deliveries scheduled, supporting the scarcity value of existing stock and the rental growth potential of well-maintained properties in prime addresses.

Investors should monitor pipeline developments in the broader Marina Bay and central district, where office redevelopments and conversions may influence competitive positioning. Nonetheless, Anson Road's institutional heritage and established professional services cluster suggest sustained relevance and tenant demand, supporting the investment case for ownership at International Plaza.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at International Plaza as an investment?

Rental yields for CBD office space at International Plaza typically range between 3.5% and 5.5% per annum, depending on unit size, lease duration, and current market rental rates for the Anson Road precinct. Larger contiguous floor plates occupied by established tenants with long-term leases often command stable yields at the higher end of this range, whilst smaller units may attract single-tenant or flexible-lease arrangements with modestly lower yields. The CBD office market has stabilised in recent years, with rental growth outpacing capital appreciation in some cycles; prospective buyers should review recent lease agreements and tenant profiles on comparable properties to benchmark realistic income expectations before committing capital.

How does the price per square foot at International Plaza compare to recent CBD office transactions?

International Plaza's pricing sits within the mid-to-premium band for CBD office stock, reflecting its location on Anson Road and proximity to Tanjong Pagar MRT. Recent comparable transactions in the immediate vicinity have ranged from S$1,800 to S$2,400 per square foot depending on unit size and condition, with larger, newly refurbished floor plates commanding prices at the upper end of this spectrum. Buyers should request recent market reports and comparable lease rates from the property consultancy sector to assess whether International Plaza's current asking prices reflect fair value relative to competing offerings on neighbouring addresses and whether potential rental income justifies the capital outlay.

What is the Additional Buyer's Stamp Duty impact if I'm buying a second property?

Singapore Citizens purchasing a second residential property—which includes office investment properties held as personal investments—incur Additional Buyer's Stamp Duty at 20% on the purchase price, significantly exceeding the standard Buyer's Stamp Duty payable on first properties. For a unit at International Plaza valued at S$4.26 million, this would translate to an additional S$852,000 in stamp duty costs above the standard rate, a material expense that must be incorporated into your investment analysis and financing plan. Professional tax and legal advisors can clarify your specific ABSD liability based on your citizenship status and existing property holdings; this is a critical cost component that affects overall return on investment and should be factored into your decision-making process well before exchange of contracts.

What lease decay risk and resale value implications apply to units at International Plaza?

International Plaza's lease tenure structure will determine long-term resale prospects; if the development is held on a 99-year lease, units will experience increasing lease decay as remaining lease length diminishes, typically accelerating in value erosion once remaining tenure falls below 70–80 years. Leasehold office properties face steeper declines in value and marketability as lease expiry approaches, particularly when refinancing or resale occurs; buyers should confirm the exact lease commencement date and calculate remaining tenure to understand the trajectory of capital value over their intended holding period. By contrast, freehold or 999-year leasehold status provides significantly greater long-term security and resale flexibility, with minimal lease decay risk, making these tenure types substantially more attractive for long-term investment or corporate owner-occupation.

How does proximity to Tanjong Pagar MRT station affect tenant demand and capital appreciation?

Tanjong Pagar MRT station's location on the East-West Line creates a major transport hub that continuously drives tenant enquiry and employee commuting ease, directly supporting rental demand and capital growth at International Plaza. Properties within a 250-metre walking distance of a major MRT station typically command 10–15% rental premiums over comparable office space in less accessible locations, a premium that persists across business cycles and reinforces the development's competitiveness for corporate tenancy. This transport proximity acts as a hedge against obsolescence and supports sustained investor interest, as occupiers increasingly prioritise accessibility for staff convenience and visitor access; over extended holding periods, this MRT advantage has historically supported capital appreciation and reduced downside risk in economic downturns.

Is International Plaza suitable for different buyer profiles—HNW investors, upgraders, first-time buyers, or rental yield seekers?

International Plaza primarily appeals to high-net-worth individuals and institutional investors seeking exposure to CBD office income and capital growth, rather than to first-time residential buyers or upgraders, given the commercial nature and professional tenant base. Established investors with portfolio diversification goals find office exposure attractive for yield stability and inflation hedging; those with existing CBD commercial experience may view International Plaza as a natural extension of their holdings. Conversely, first-time property buyers and residential upgraders would typically consider residential apartments rather than commercial office, as office ownership carries distinct financing, tax, and operational considerations that suit investor rather than owner-occupier profiles. Buyers within each category should evaluate International Plaza against their specific investment objectives, risk tolerance, and cashflow requirements before proceeding.

What TDSR and financing headroom implications apply at typical price points for this development?

At typical International Plaza unit prices around S$4.26 million, Total Debt Service Ratio (TDSR) constraints become material, with most mortgage lenders capping TDSR at 55–60% of gross monthly income, meaning buyers typically need gross annual income exceeding S$1.2–1.5 million to secure full mortgage financing without restrictions. Lenders assess office investment properties with greater scrutiny than residential assets, often requiring evidence of existing tenant agreements, projected rental income, or strong balance sheets, which can compress available loan-to-value ratios to 60–70% for investment buyers compared to 75–80% for owner-occupiers. First-time office buyers should engage mortgage brokers early to understand their precise financing capacity and stress-test their cashflow assumptions; for some buyers, a substantial equity contribution (30–40%) may be prudent to preserve liquidity and flexibility for void periods or market downturns.

How does International Plaza compare to nearby competing office developments in the CBD corridor?

International Plaza competes directly with other established office buildings in the Anson Road, Raffles Place, and Marina Bay precincts, including larger modern complexes offering contemporary specifications and premium tenant rosters. Competitive advantages for International Plaza include its East-West Line MRT access, heritage reputation amongst professional services firms, and typically mid-market pricing relative to newer Grade A developments with steeper capital costs and higher occupied-space rentals. Buyers should inspect competing properties on Ann Siang Hill, Finlayson Green, and Robinson Road to benchmark building specifications, tenant quality, parking provision, and rental rates; this comparative analysis will reveal whether International Plaza's current pricing reflects fair value relative to competing investments and whether its tenant composition and lease structures support sustainable yield expectations.

Are certain unit stacks or floor levels at International Plaza better positioned for capital value or rental demand?

Mid-to-upper floor positions (typically levels 5–15) at International Plaza typically command rental premiums of 5–10% over lower floors, reflecting tenant preferences for natural light, views, and reduced street noise, though higher floors may attract marginally lower occupancy rates due to longer elevator transit times and perceived remoteness from street-level networking opportunities. Ground and lower-level units with prominent street frontage or direct access to lift lobbies may attract boutique professional practices and high-traffic service providers (legal clinics, accounting firms) willing to pay premium rents for client visibility and accessibility. Capital value appreciation patterns often favour mid-range floors with balanced tenant appeal; buyers should request historical leasing data and tenant profiles by floor to identify stacks with the strongest occupancy rates and rental growth, as these typically deliver superior capital performance over extended holding periods.

What future supply pipeline exists in the CBD office market, and how might it affect International Plaza's competitiveness?

The Singapore CBD office market faces a moderating supply outlook, with limited major new completions scheduled in the Anson Road and immediate Marina Bay vicinity over the next 3–5 years; this supply scarcity supports the rental and capital value stability of existing stock like International Plaza by reducing direct tenant leakage to brand-new competitors. Redevelopment and conversion pipelines in adjacent areas (Marina Bay, Bugis, Boat Quay) may introduce alternative space options at competitive rents, though regulatory constraints on new commercial zoning and the consolidated nature of CBD land parcels suggest major supply influxes are unlikely to materialise rapidly. Longer-term trends favouring remote work and flexible office models could pressure office occupancy and rental growth across the entire CBD; however, International Plaza's central location, tenant quality, and MRT accessibility position it defensively against prolonged vacancy or rental contraction compared to suburban or isolated office parks.

Office At 10 Anson Road — From S$950K