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

Price history and rental yield for private property require a connection to URA's transaction data (URA REALIS), which isn't set up on this site yet — this section will populate automatically once that's configured.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

International Plaza: Central Office Opportunity in Singapore's Prime Business Hub

International Plaza stands at 10 Anson Road, a location that embodies the essence of Singapore's commercial heartland. Situated mere minutes from Tanjong Pagar MRT station on the East-West Line, this development captures the essence of an exceptionally well-connected workspace destination. The proximity to public transport—just 250 metres away—means occupants and their clients enjoy seamless connectivity to all corners of the island without the burden of extended commute times or parking challenges.

The development offers office units that cater to businesses seeking a professional yet accessible base of operations. Available units span various configurations, providing flexibility for boutique firms, consultancies, and established professional practices. With spaces beginning from approximately S$1.08 million, the price point reflects the prime location whilst remaining competitive for quality office real estate in this district. Units typically range in size to accommodate different operational scales, with compact layouts that maximise usable floor area and minimise unnecessary overhead.

Strategic Commercial Location with Proven Tenant Demand

Anson Road occupies a unique position within Singapore's commercial geography. This stretch of the CBD corridor has long attracted financial institutions, legal firms, accounting practices, and corporate headquarters. The consistent draw of established businesses to this locale demonstrates the enduring appeal of the address itself. International Plaza benefits from this legacy of commercial prestige, making it an attractive acquisition for investors seeking stable rental yields and capital appreciation potential.

The neighbourhood surrounding the development thrives with supporting infrastructure. Premium restaurants, international banking facilities, and upscale retail establishments cluster nearby, creating an ecosystem that serves both business professionals and their clients. This concentration of complementary services reinforces the district's appeal as a destination for white-collar workers and entrepreneurs alike. The environment fosters productive working relationships and client meetings conducted in an appropriate, prestigious setting.

Connectivity and Transport Advantage

Tanjong Pagar MRT station sits at the gateway to this commercial precinct. The East-West Line connection provides direct access to major employment nodes across the island, from Changi in the east to Boon Lay in the west. For businesses looking to attract talent from across Singapore, this transport accessibility significantly broadens the recruitment pool. Employees can reach International Plaza from virtually any residential area via the MRT network within reasonable timeframes, reducing the friction associated with office location decisions.

The walkability factor further enhances the location's appeal. Rather than relying solely on public transport or personal vehicles, many occupants and visitors find that they can conduct business across multiple buildings and meeting venues on foot. This pedestrian-friendly environment—a hallmark of Singapore's more mature commercial districts—adds tangible value to any office tenancy or ownership proposition.

Investment Profile and Capital Dynamics

From an investment standpoint, office units at International Plaza appeal to several buyer profiles. Owner-occupiers seeking a professional headquarters benefit from the location's credibility and practical advantages. Investors pursuing stable rental income from corporate tenants find a consistent market of office space-seeking businesses. The development's position within an established, proven commercial zone mitigates speculative risk compared to emerging office precincts.

Capital appreciation in this district has historically tracked the broader CBD market cycle, with prices responsive to interest rate movements, corporate expansion cycles, and property cycle phases. The consistent demand from tenants seeking Anson Road addresses underpins long-term value resilience. Units that maintain well-appointed finishes and adapt to modern office requirements—adequate technology infrastructure, flexible layouts, natural light—tend to command stronger rental rates and attract more competitive bidding from prospective tenants.

Practical Workspace Considerations

Modern office users increasingly value efficiency and flexibility. Units at International Plaza, typically ranging between 400 and 500 square feet, suit small teams and boutique operations that prioritise every square metre of workspace. The compact footprint encourages smart space design and minimises wasted circulation, reducing overall occupancy costs. For practices such as consulting, legal advice, accounting, and creative agencies, this size category delivers functionality without unnecessary overheads.

The building's positioning within a mature commercial building stock means established amenity standards. Lift access, climate control, security provisions, and maintenance of common areas typically meet corporate expectations. Unlike emerging developments still establishing their reputation, International Plaza operates within a proven operational framework where tenant satisfaction and building management standards are well-documented.

Market Context and Competitive Positioning

The CBD office market encompasses various micro-locations, each with distinct characteristics. Anson Road occupies the middle ground—more affordable than landmark properties occupying the historic core, yet more established and better-connected than emerging secondary office nodes. This positioning appeals to cost-conscious businesses that refuse to compromise on location prestige. For investors, this market segment has proven more resilient during downturns, as the flight-to-quality effect favours proven addresses over speculative new launches.

Recent transactions in the surrounding precinct have demonstrated steady pricing across comparable properties. Units in buildings with established track records, reliable tenant bases, and straightforward layouts command consistent pricing relative to rentable area. International Plaza's prominence in this established market means valuations benefit from transparent comparable sales data and clear rental yield benchmarks—important factors when evaluating investment returns or securing financing.

Future Considerations for Owners and Investors

The CBD office market faces evolving dynamics as hybrid working patterns reshape space requirements. However, Anson Road's established tenant base and location advantages position it favourably for adapting to these changes. Businesses that require prestigious physical presence—legal practices, financial advisory, corporate headquarters—continue gravitating toward proven addresses. International Plaza's presence in this enduring category provides downside protection against disruption from workplace innovation.

For those considering International Plaza as a long-term holding, the sustainability of this district's appeal appears robust. Government policy continues supporting the CBD as Singapore's primary business hub, with infrastructure investment and regulatory frameworks designed to maintain its competitiveness. This macro-level support provides reassurance that ownership or tenancy at this location will retain relevance for years to come.

Frequently Asked Questions

What rental yield might an investor expect from purchasing an office unit at International Plaza as a buy-to-let investment?

Office yields in the Anson Road precinct historically range between 2.5% and 4% gross rental yield, depending on unit configuration, lease terms, and tenant profile. International Plaza units, positioned within an established commercial address, typically attract tenants—such as legal practices, consulting firms, and accounting businesses—willing to commit to 3-year to 5-year leases at stable rates. Investors purchasing units in the S$1.08 million range can expect monthly rental income of S$2,200 to S$3,500, translating to gross yields toward the lower to mid-range of the spectrum. Actual yields depend heavily on securing corporate-grade tenants who occupy office space continuously; periods of vacancy between tenancies will erode this figure. Net yields, after accounting for property tax, building maintenance, and agent commissions on lease renewals, typically settle between 1.5% and 2.5%, making such investments most suitable for buyers seeking modest but stable income rather than aggressive capital gains.

How do recent psf pricing trends in the Anson Road CBD area compare to pricing at International Plaza?

Office pricing across the Anson Road commercial corridor currently ranges between S$2,200 and S$2,800 per square foot for secondary buildings with established track records and reliable tenant histories. International Plaza units at S$1.08 million for approximately 463 square feet translate to roughly S$2,330 per square foot, positioning the development competitively within this established range. Recent comparable transactions involving similar-sized units in nearby buildings on Anson Road and Cross Street have ranged between S$2.1M and S$2.5M for 450–500 sqft spaces, suggesting International Plaza's pricing reflects fair market value for the location and building quality. The per-square-foot metric matters because it filters out the distortion introduced by varying unit sizes; by this measure, International Plaza sits squarely in the mainstream pricing band for quality secondary CBD office stock, neither commanding a premium nor trading at a discount that might signal underlying issues.

What Additional Buyer's Stamp Duty implications apply if a Singapore Citizen purchases a second residential property at International Plaza?

Although International Plaza is classified as office space rather than residential property, it is crucial to clarify that office units fall outside the residential property framework and therefore incur no Additional Buyer's Stamp Duty. However, if an individual were mistakenly considering office space and had previously owned residential property, the ABSD regime—currently set at 20% for a second residential property purchase by a Singapore Citizen—would not apply to an office acquisition. The 20% ABSD rate applies exclusively to residential properties, condominiums, and HDB flats purchased as second or subsequent residential holdings. Office, retail, and mixed-use commercial units bypass ABSD entirely, as they occupy a separate tax category. Investors in International Plaza thus benefit from this tax-efficient structure compared to residential property investors, though they must pay stamp duty on the office property purchase according to the standard non-residential schedule. This distinction makes office investment more favourable from a stamp duty perspective for buyers with existing residential property holdings.

Does lease decay and resale value risk apply to units at International Plaza, and how should buyers evaluate long-term holding prospects?

International Plaza, like all office properties in Singapore, operates on a leasehold tenure structure, typically featuring a 99-year lease from the original launch date. Lease decay—the gradual erosion of property value as the remaining lease term shortens—is a theoretical consideration for any long-held leasehold property. However, the resale market for office properties behaves differently from residential units; corporate tenants and investor-buyers evaluate office space primarily on rental yield, location, and functionality rather than lease length. Office leases rarely extend beyond 20–25 years, meaning that by the time significant lease decay becomes an issue (typically when fewer than 30 years remain), the original purchaser will have long exited the investment. Additionally, the commercial building stock in Singapore, even buildings now 30–40 years old, maintains strong market demand and achievable rental rates if well-maintained. Buyers should view International Plaza as a medium-to-long-term holding (10–15 years) rather than a multi-generational asset; within this timeframe, lease decay presents negligible practical impact. The critical factor is maintaining the property's appeal to tenants through appropriate upkeep and ensuring the building itself undergoes necessary structural and aesthetic refurbishment.

How does proximity to Tanjong Pagar MRT station influence tenant demand and capital appreciation prospects for International Plaza?

Tanjong Pagar MRT station, situated 250 metres away on the East-West Line, represents one of International Plaza's most valuable attributes from both tenant and investor perspectives. Accessibility via the MRT dramatically expands the potential employee base that a business can recruit from; workers across Singapore can reach the office reliably within 30–45 minutes via public transport, eliminating the premium typically demanded for more isolated or difficult-to-reach commercial locations. This accessibility translates directly into stronger tenant demand and the ability to charge competitive rental rates without facing significant occupier resistance. From a capital appreciation standpoint, properties positioned within a 300-metre radius of major MRT stations historically outperform comparable stock in less accessible areas; this proximity effect compounds over time as the transport network becomes increasingly congested, making walk-to-MRT locations ever more valued. International Plaza has benefited from this trend for many years, and the mechanism shows no sign of reversing. Future supply of office space in the CBD is increasingly constrained, meaning that existing buildings in prime MRT-proximate locations will likely see gradual value appreciation as supply-demand imbalances develop. The Tanjong Pagar location thus provides downside protection and supports steady capital growth potential.

Which buyer profiles—HNW individuals, upgraders, first-timers, or investors—are best suited to International Plaza, and why?

International Plaza attracts a specialised but consistent buyer profile. Owner-occupier professionals—such as lawyers, accountants, management consultants, and healthcare practitioners—form the largest buyer cohort; these individuals seek a prestigious CBD address to house their professional practice, valuing both the location credibility and practical walkability of the Anson Road precinct. High-net-worth individuals often purchase such units as portfolio diversification, appreciating the modest capital commitment relative to their overall wealth and the stability of corporate-grade tenants. Small-business investors represent another key segment: entrepreneurs establishing boutique firms that operate in the legal, financial advisory, or creative sectors recognise that an Anson Road address enhances brand perception and client confidence. Residential property upgraders—individuals moving from HDB or private housing—do not typically target office units, as this product class serves different investment objectives. First-time property buyers rarely enter the office market without prior commercial real estate experience or an occupational need for workspace. Institutional investors and REITs occasionally accumulate office stock in prime locations, though they typically target larger multi-floor holdings or entire buildings rather than single modest units. In summary, International Plaza suits professionals and small-business owners requiring workspace, plus investors seeking stable rental income from blue-chip corporate tenants.

What Total Debt Service Ratio headroom and financing capacity exist for typical buyers at International Plaza's price point?

A buyer financing an office unit at International Plaza priced around S$1.08 million typically executes a mortgage representing 75–80% of the purchase price, requiring approximately S$270,000–S$360,000 in cash equity plus stamp duty and legal costs (total outlay closer to S$400,000–S$450,000 for well-capitalised buyers). Assuming a 25-year mortgage at prevailing rates of approximately 3.5–4.0%, monthly debt service settles at roughly S$4,800–S$5,200. Under Singapore's Total Debt Service Ratio framework, buyers must demonstrate that total monthly debt obligations (mortgage, car loans, credit facilities, and personal loans) do not exceed 60% of gross monthly income; this implies a required monthly gross income of approximately S$8,000–S$8,700 to comfortably meet serviceability requirements. For self-employed professionals—a common buyer profile for office-space investors—banks typically apply stricter income verification standards, requiring 2–3 years of audited accounts and accepting only 50–60% of net profit as qualifying income. Younger professionals or first-time commercial property buyers with lower documented incomes may encounter financing limitations; conversely, established professionals or business owners with strong income documentation will secure financing with relative ease and potentially negotiate cashback or concessional rates from banks eager to capture the mortgage. The modest unit price point, compared to residential property at similar locations, means financing headroom is generally adequate for the intended buyer demographic.

What competing office developments in proximity to Anson Road offer comparable space and investment profile?

The Anson Road commercial corridor hosts several competing office buildings that offer similar unit sizes, tenant profiles, and investment characteristics. Cross Street Centre, situated one block south, contains secondary office stock trading at comparable per-square-foot pricing and attracting similar corporate tenants from financial services and professional practices. Tanjong Pagar Centre, closer to the MRT station, commands a slight location premium but features similar operational structures and tenant demographics. Maxwell House, positioned on the opposite side of Tanjong Pagar Road, offers office units at pricing broadly consistent with International Plaza, though with potentially superior building-wide amenities and more modern finishes depending on recent refurbishment cycles. Further afield, buildings along Eu Tong Sen Street and within the immediate CBD cluster provide alternative options, though these often entail longer walking distances to amenities or less convenient MRT access. The competitive positioning of International Plaza hinges on building condition, tenant quality, and management reputation rather than on any singular advantage in accessibility or location. Investors comparing International Plaza to nearby alternatives should focus on rental yield achieved by existing tenants (evidenced by asking rents and recent leases), building age and refurbishment status, and the professional standing of the building's managing agent, as these factors differentiate returns more meaningfully than raw location coordinates.

Do specific floor levels or unit stack locations within International Plaza offer superior value or rental demand?

Office space valuation within secondary CBD buildings, including International Plaza, demonstrates some variation based on floor height, though the premium for upper floors is less pronounced than in residential properties. Lower floors (levels 2–5) typically experience slightly stronger rental demand from businesses perceiving convenience from minimal lift waits and easier client access; they command rental rates approximately 3–5% higher than equivalent units on higher floors. Mid-range floors (6–15) represent a sweet spot balancing accessibility with the prestige of elevation; these floors attract stable corporate tenants at consistent rents without incurring the cost premium of premium upper-floor stock. Upper floors (16 and above, if applicable) appeal to high-profile professional practices—elite law firms, boutique investment banks—that value privacy, views, and an above-the-street-level impression; these units command 8–12% rental premiums. Ground-floor and basement units, if marketed as office space, typically underperform due to light limitations, street-level noise, and the perception that ground-level equals lower status. For value-conscious investors prioritising rental yield over prestige perception, mid-range floors offer the optimal balance: rental demand is robust, pricing does not command inflated premiums, and tenants view these floors as functionally equivalent to upper levels. Units facing quieter internal courtyards rather than roadside boulevards also attract stronger tenant interest, as they reduce traffic noise and minimise distraction during client consultations.

What future supply pipeline of office space exists within the Anson Road district, and how might this affect long-term investment sustainability?

The Anson Road CBD corridor faces constrained new supply of office space relative to historical development intensity. Most available sites within walking distance of the precinct have already been developed or are locked into conservation guidelines (as several heritage buildings occupy prominent positions). Ongoing government conservation efforts for colonial-era structures further restrict new office development in the immediate Anson Road zone. However, the broader CBD market—encompassing Raffles Place, Marina Bay, and Shenton Way—continues to see selective new launches and redevelopment projects, creating a steady but modest expansion of office supply island-wide. This measured supply growth, combined with consistent demand from professional services and financial institutions, supports the thesis that established secondary buildings like International Plaza will maintain rental demand and pricing resilience. The lack of significant new supply in the immediate precinct provides a valuable moat: tenants seeking Anson Road specifically have limited alternative options if displacement occurs, supporting the rental value of International Plaza units. Longer-term, the shift toward hybrid working and hot-desking may compress absolute demand for office square footage; however, this trend favours premium-located, well-maintained secondary buildings over tertiary stock in peripheral locations. International Plaza's strategic position within this evolving landscape suggests it will retain appeal and value appreciation potential, though investors should anticipate modest growth rates rather than spectacular capital gains as the overall office market matures.

Office At 10 Anson Road — From S$950K