Type

Units

Min Area

Price Range

Studio

1100 sqft

S$2.6M

2 BR

1045 sqft

S$5,800

Other

1100 sqft

S$2.6M – S$23M

Property Highlights

Commercial development with 5 units currently available.
Prices currently range from S$5,800 to S$23M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$1,160 on this acquisition.
Located 1 min (50 m) from CC32 Prince Edward Road MRT Station.

Price Trends & Rental Yield

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Eon Shenton: Premium Office Investment in Singapore's Financial Heart

Eon Shenton stands as a distinctive commercial development positioned at 70 Shenton Way, one of Singapore's most coveted business addresses. This office project delivers contemporary workspace solutions designed to meet the demands of forward-thinking enterprises seeking premium real estate in the Central Business District. The development's strategic positioning within walking distance of Prince Edward Road MRT Station (CC32) places occupants at the nexus of Singapore's transportation network, enabling seamless connectivity across the island's major corridors.

The project offers meticulously planned office suites that cater to businesses of varying scales, from established corporations to high-growth startups. Each unit within Eon Shenton has been conceived with contemporary work requirements in mind, incorporating modern building systems and flexible lease structures that adapt to evolving organisational needs. Prospective investors and occupiers will discover that the development's floor plates provide ample opportunity for customisation, whether seeking an intimate boutique office or a sprawling corporate headquarters.

Location Advantages and Transport Accessibility

Situated on Shenton Way, Eon Shenton benefits from one of Singapore's most vibrant commercial precincts. The proximity to Prince Edward Road MRT Station—merely fifty metres away—eliminates commute friction for employees and clients alike, enhancing the asset's appeal to tenants prioritising accessibility. The station's position on the Circle Line (CC32) ensures connectivity to multiple business districts, residential zones, and key regional hubs, making the development an exceptionally convenient choice for companies seeking to maximise staff retention through transport efficiency.

Beyond public transport, the address itself carries considerable prestige. Shenton Way has long been synonymous with financial services, professional firms, and multinational corporations. This established commercial ecosystem creates a natural tenant pool, as businesses recognise the district's networking advantages and professional credentials. For investors evaluating rental income stability, this location-driven demand translates into consistent occupancy rates and pricing resilience.

Office Space Configuration and Flexibility

Eon Shenton's design philosophy prioritises adaptability. The development offers office units commencing at approximately 1,100 square feet, a dimension that accommodates both lean, high-margin professional practices and emerging technology ventures. Larger configurations are available for organisations requiring expanded operations, boardrooms, and amenity spaces. This tiered approach ensures that businesses at different lifecycle stages can secure space proportionate to their immediate needs without excessive unused square footage or overcrowded conditions.

The building's infrastructure supports modern workplace expectations, including robust data connectivity, climate control systems, and security protocols befitting a premium commercial asset. Floor-to-ceiling heights and natural lighting have been prioritised throughout, creating work environments that boost productivity and employee wellbeing. Many units feature flexible partition systems, permitting tenants to reconfigure internal layouts without structural intervention—a valuable feature in an evolving business landscape.

Investment Profile and Capital Appreciation

For capital investors, Eon Shenton presents compelling fundamentals. The CBD office market has historically demonstrated strong price appreciation, particularly for assets in locations as strategically positioned as Shenton Way. Entry pricing from approximately S$2.6 million reflects fair valuation for institutional-grade commercial real estate in this precinct, with price-per-square-foot metrics that compare favourably to competing developments in the immediate vicinity. As Singapore's economy continues to grow and demand for premium office space intensifies, properties in this location tend to benefit from both rental uplifts and capital value expansion.

The development's appeal extends to a diverse investor cohort. High-net-worth individuals frequently acquire office units as portfolio diversification tools, benefiting from steady lease income and tangible asset ownership. Corporate treasury departments evaluating occupied or owner-occupied configurations find Eon Shenton attractive for balance-sheet purposes. Real estate investment funds and institutional buyers recognise the stable cash-flow potential inherent in leasing premium office space to creditworthy corporate tenants.

Rental Market Dynamics and Yield Potential

The Shenton Way precinct commands premium rental rates, reflecting sustained tenant demand and limited available supply of comparable modern office stock. Eon Shenton units, boasting contemporary finishes and convenient MRT access, position themselves favourably for attracting quality tenants willing to pay market rates. For investors constructing long-term portfolios, the rental yield generated by office assets in this location provides a reliable income stream whilst capital appreciation unfolds in the background. The stability of corporate tenancy—typically multi-year leases with creditworthy counterparties—reduces occupancy volatility compared to some alternative property classes.

Financing and Purchase Considerations

Prospective purchasers should engage qualified mortgage brokers to assess financing capacity at prevailing lending rates and debt-service coverage requirements. The development's price point—commencing around S$2.6 million—places it within reach of qualified buyers utilising residential or commercial mortgage products, depending on end-use. Investors acquiring Eon Shenton as a second property should factor Additional Buyer's Stamp Duty into acquisition costings; the ABSD on a second residential property purchase by a Singapore Citizen currently stands at 20%, representing a material cost component that influences net investment returns.

For owner-occupier businesses, the acquisition represents a long-term operational asset that eliminates recurring rent escalations and provides a tangible balance-sheet entry. This ownership structure appeals particularly to established professional firms and financial services companies seeking stable, identifiable real estate foundations aligned with corporate longevity.

Market Positioning Within the CBD

Eon Shenton occupies a competitive yet differentiated position within Singapore's office market. Comparable new or recently refurbished developments in adjacent precincts offer broadly similar specifications and pricing; however, the particular advantages of Eon Shenton's address—centrality, MRT adjacency, and established commercial credentials—distinguish it from peripheral alternatives. Tenants and investors evaluating opportunities across the CBD consistently prioritise location factors that directly influence operational efficiency and asset appreciation potential.

The development contributes to an ecosystem wherein Shenton Way remains a magnet for world-class businesses, regulatory bodies, and financial institutions. This gravitational pull sustains demand-supply dynamics favouring premium pricing and rental resilience. Prospective occupiers understand that securing space at Eon Shenton positions their business within a location that reinforces professional standing and facilitates high-value client interactions.

Future Market Outlook and Supply Considerations

Singapore's long-term commercial real estate trajectory suggests sustained urbanisation, CBD consolidation, and international business expansion, all factors that underpin office demand. The Government's forward planning continues to enhance transport infrastructure and commercial district amenities, benefiting established precincts like Shenton Way. Limited new commercial space entering the immediate vicinity means that existing quality assets such as Eon Shenton face diminishing direct competition, supporting both pricing and rental rate resilience.

Investors considering Eon Shenton should view the acquisition as a multi-decade holding opportunity. The combination of strategic location, contemporary facilities, and robust tenant demand creates an asset expected to appreciate steadily whilst generating reliable intermediate cash flows. Businesses prioritising operational excellence and professional image find compelling value in securing workspace within this distinguished development.

Frequently Asked Questions

What rental yield can investors realistically expect from purchasing an office unit at Eon Shenton?

Office yields within the Shenton Way precinct typically range between 3.5% and 5% gross annually, depending on lease tenure, tenant credit quality, and specific unit configuration. Eon Shenton's premium location and contemporary specifications position units at the higher end of this yield spectrum when leased to established corporate tenants. For investors acquiring a unit at the S$2.6 million entry point and securing a tenancy at prevailing market rates—typically S$8 to S$12 per square foot monthly—initial gross yields approach 4% to 4.5%, with potential for uplift as rental markets strengthen. Net yields will be lower following property tax, building maintenance, and insurance, typically settling between 2.5% and 3.5% depending on tenant-bearing responsibility structures. Conservative investors should conduct tenant credit assessments and benchmark comparable lease documents to verify the income stream before acquisition.

How does Eon Shenton's price per square foot compare to competing office developments in the CBD?

Eon Shenton's entry pricing of approximately S$2.6 million for units around 1,100 square feet translates to roughly S$2,364 per square foot, a valuation that sits comfortably within the mid-to-premium band for quality CBD office stock. Nearby comparable transactions in recent months have evidenced price-per-square-foot figures ranging from S$2,200 to S$2,600, depending on building age, amenity standard, and specific location within the district. Newer purpose-built developments in marginally less central locations trade lower—sometimes in the S$1,800 to S$2,200 range—whilst trophy assets or newly completed prestige developments command premiums above S$2,600. Eon Shenton's positioning reflects realistic, fair-value pricing that acknowledges its location advantages and contemporary specification without excessive greenfield or scarcity premium. Investors comparing across the market will observe that Shenton Way addresses consistently trade at higher valuations than peripheral CBD alternatives, a reflection of established commercial gravity and tenant preference.

What are the Additional Buyer's Stamp Duty implications if I purchase Eon Shenton as a second property?

For a Singapore Citizen acquiring Eon Shenton as a second residential property, Additional Buyer's Stamp Duty (ABSD) is currently levied at 20% of the purchase price. On a unit valued at S$2.6 million, this equates to ABSD of S$520,000—a material cost that materially influences acquisition economics and should be factored into investment return calculations before committing to purchase. The 20% rate applies specifically to second residential property acquisitions by Singapore Citizens; PRs face higher rates, and corporate or trust structures may be subject to alternative duty regimes. ABSD is payable within fourteen days of completion and cannot be incorporated into the mortgage financing, requiring purchasers to fund this obligation from cash reserves or other sources. When evaluating net investment returns or comparing Eon Shenton to alternative asset classes, investors must deduct ABSD from anticipated capital appreciation to derive true holding-period returns. Professional tax and legal advisors should be engaged to explore whether any exemptions, deferrals, or structural optimisations apply to individual circumstances.

If Eon Shenton were leasehold rather than freehold, how would lease decay affect long-term resale value?

Office properties at Eon Shenton, should they be structured as leasehold rather than freehold, would require careful consideration of lease decay dynamics if the lease term falls below ninety years. Commercial property values typically begin contracting more noticeably once lease tenor drops below sixty years, as institutional investors and corporate owner-occupiers increasingly deprioritise such assets due to mortgage lending constraints and balance-sheet depreciation mandates. A leasehold office development commencing with a full 99-year or 999-year term faces minimal near-term decay risk and remains financeable and marketable throughout most of its initial tenure; however, purchasers acquiring units with fewer than seventy years remaining should anticipate meaningful capital value compression within their holding period, potentially offsetting several years of rental income accumulation. Long-term investors should verify the exact lease commencement date and tenor at purchase and factor in anticipated lease decay over their intended holding horizon. Where possible, investors should prioritise freehold or long-dated 999-year leasehold interests to eliminate tenure-driven depreciation; institutional buyers increasingly refuse to acquire office space with lease terms below seventy to eighty years, effectively closing off exit opportunities for shorter-leasehold holders.

How does proximity to Prince Edward Road MRT Station affect tenant demand and capital appreciation for Eon Shenton?

The fifty-metre distance to Prince Edward Road MRT Station (CC32) represents a material competitive advantage that directly influences both immediate tenant appeal and longer-term capital appreciation trajectory. Businesses evaluating office locations prioritise transport accessibility to minimise employee commute times, reduce turnover, and enhance recruitment competitiveness; Eon Shenton's position essentially at the station entrance satisfies this criterion exceptionally well, making it an attractive proposition to multinational corporations, financial services firms, and professional practices. MRT proximity also enhances client accessibility and perception of professional standing, factors that drive tenant selection within the CBD. From a capital perspective, real estate adjacent to major transport hubs historically exhibits superior price appreciation relative to peripheral alternatives, as transport infrastructure becomes increasingly scarce and congestion worsens island-wide. Properties with zero-friction MRT connectivity command persistent premiums that tend to widen over multi-decade holding periods. For investors, this location attribute provides downside protection; even if market rental rates soften, the intrinsic appeal of being immediately adjacent to a major transport node sustains buyer interest and valuation resilience. Competing developments more distant from the nearest station typically trade at 10% to 20% discounts to comparable nearby alternatives.

Is Eon Shenton suitable for high-net-worth individual investors, upgraders, first-time buyers, and owner-occupier businesses alike?

Eon Shenton presents distinct value propositions for each buyer category. High-net-worth individuals utilise CBD office purchases as portfolio diversification vehicles, benefiting from stable institutional-quality tenant cash flows and tangible real estate exposure complementary to equity and alternative holdings; the development's premium positioning and transparent market dynamics suit HNW investment mandates well. Corporate upgraders—businesses expanding from smaller shared-office arrangements into dedicated, customised headquarters—find Eon Shenton particularly compelling because its flexible floor plates, contemporary amenities, and prestige address align with aspirational brand-building and talent retention strategies. First-time commercial property investors appreciate the CBD's market transparency, rental certainty, and liquid exit pathways compared to secondary or industrial alternatives. Owner-occupier businesses seeking permanent operational bases view Eon Shenton as a balance-sheet asset eliminating rent escalation risk whilst providing a tangible corporate identity, particularly valuable for established professional firms, financial services outfits, and regulatory-facing entities requiring demonstrable real estate stability. The development's breadth of unit configurations accommodates these varied requirements, though the entry price of approximately S$2.6 million positions Eon Shenton most naturally toward established buyers rather than cost-conscious startups.

What are typical Total Debt Service Ratio (TDSR) and mortgage financing headroom implications at Eon Shenton's current pricing?

At the entry price of approximately S$2.6 million, mortgage financing for Eon Shenton typically utilises either residential or commercial mortgage products depending on buyer classification and end-use. Most lenders offer loan-to-value (LTV) ratios of 55% to 75% for commercial office property in prime CBD locations, meaning purchasers require 25% to 45% equity deposit—or S$650,000 to S$1.17 million in this instance. At prevailing interest rates around 4% to 5% per annum, monthly mortgage servicing on a S$1.95 million loan (75% LTV scenario) approximates S$9,300 to S$10,200, which impacts TDSR calculations for individual buyers. Corporate purchasers or owner-occupiers benefit from commercial lending products that assess debt capacity based on corporate cash flows rather than personal income; these entities frequently achieve more favourable financing terms than residential buyers. Investors relying on tenant rental income to service debt must demonstrate that anticipated lease revenues exceed monthly mortgage obligations by at least 25% to satisfy TDSR requirements—a hurdle readily achievable at Shenton Way rental rates of S$8 to S$12 per square foot monthly. Prospective purchasers should engage mortgage brokers early to confirm exact financing capacity, as individual circumstances, existing debt obligations, and lender risk appetite materially influence approval outcomes and interest rate offers.

How does Eon Shenton compare to other new or recently refurbished office developments in the immediate vicinity?

Eon Shenton competes within a curated universe of premium CBD office offerings characterised by relatively limited new supply in the immediate Shenton Way precinct. Comparable developments in the broader CBD—such as those along Raffles Quay, Cecil Street, or Marina Boulevard—offer similar contemporary specifications and pricing bands between S$2.2 million and S$2.8 million per unit, though geographic positioning and tenant accessibility vary materially. Eon Shenton's particular advantage lies in its street-level MRT adjacency and the established commercial ecosystem of Shenton Way itself, factors that distinguish it from developments positioned on secondary streets or within mixed-use complexes requiring navigational effort to reach transport. Some competing developments offer larger floor plates or more aggressively discounted entry pricing, but typically these trade off location prominence or tenant accessibility. Institutional investors and corporate occupiers systematically favour Shenton Way addresses over alternatives, creating a natural tenant preference that supports rental rate resilience and capital value retention. Newer, architecturally distinctive developments in less established precincts may attract younger, technology-forward tenants seeking non-traditional corporate imagery; however, Eon Shenton's positioning appeals most strongly to established, rent-paying, credit-worthy tenancies that prioritise location prestige and operational convenience.

Are there particular floor levels or unit stack positions within Eon Shenton that offer superior value or rental potential?

Within Eon Shenton, lower-to-mid floor units (broadly ground to 10th floor range) typically command premium rental rates and attract multinational corporations or financial services firms prioritising client meeting accessibility and visitor ease without elevator dependency; however, these units often trade at higher purchase prices reflecting the demand premium. Mid-to-upper floor units (10th to 20th floor range) balance tenant appeal with relatively competitive purchase pricing, offering strong value for investor-occupants willing to accept marginally longer visitor transit times in exchange for capital outlay efficiency. Very high floors occasionally attract technology companies or creative firms seeking aspirational workspace imagery and natural light, though demand for these tiers remains more specialised. From a pure investment value perspective, mid-floor units positioned at 8,000 to 10,000 square feet aggregates (combining 2–3 smaller units or occupying single larger floor plates) often command the most attractive price-per-square-foot metrics and experience strong institutional investor demand. Building design factors—including column spacing, ceiling heights, and natural lighting distribution—will vary across floors, making on-site inspection essential before finalising purchase decisions. Prospective buyers should engage experienced CBD office leasing specialists to advise on tenant demand dynamics for specific floor levels before acquisition, ensuring that capital deployment aligns with anticipated occupancy patterns and rental trajectory.

What is the future supply pipeline for office space in the Shenton Way and broader CBD district, and how does this affect Eon Shenton's long-term value?

Singapore's CBD office supply has contracted materially over the past five years, with relatively limited new purpose-built office completions planned within the immediate Shenton Way precinct over the next three to five years. The Government's Urban Redevelopment Authority (URA) Master Plan designates Shenton Way as a core financial and business district with restricted zoning that discourages excessive new commercial supply, effectively creating a controlled-scarcity environment favouring existing premium assets like Eon Shenton. Whilst speculative mixed-use developments incorporating office components are proposed for neighbouring precincts like Marina Bay and the Greater Southern Waterfront, these typically target emerging sectors (technology, media, creative industries) rather than compete directly for traditional corporate tenancies seeking CBD establishment addresses. The persistent undersupply of Grade-A office real estate in prime CBD locations contrasts sharply with global trends toward flexible working and potential permanent reductions in per-capita office occupancy; however, Singapore's regulatory environment and role as a financial centre hub suggest sustained aggregate demand despite cyclical soft periods. For Eon Shenton specifically, limited competing new supply within walking distance means that existing stock—provided it remains well-maintained and competitively positioned—should benefit from structural supply constraints that support long-term rental appreciation and capital value resilience. Investors should monitor URA planning announcements and competing development schedules to anticipate multi-cycle market dynamics, but the foreseeable supply pipeline appears favourable to existing premium office assets in this location.

Eon Shenton — From S$5,800