Type

Units

Min Area

Price Range

Other

936 sqft

S$1.8M

Property Highlights

Commercial development with 1 unit currently available.
Prices currently start from S$1.8M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$365K 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 Space in Central Singapore's Tanjong Pagar District

International Plaza stands as a distinguished commercial property offering in one of Singapore's most vibrant and well-connected business precincts. Situated at 10 Anson Road, this development provides office units thoughtfully designed to meet the varied requirements of modern enterprises, from established multinational corporations to growing startups seeking professional workspace in an iconic location.

The building enjoys an exceptional position within the Tanjong Pagar area, a neighbourhood that has established itself as a cornerstone of Singapore's commercial landscape. This locality has long attracted businesses spanning finance, professional services, technology, and creative industries, creating a dynamic ecosystem where companies can benefit from proximity to peers, suppliers, and specialist service providers. The surrounding streets are lined with complementary office buildings, hospitality venues, and retail establishments, reinforcing Tanjong Pagar's status as a hub for enterprise and commerce.

Connectivity and Transportation Advantages

One of the most compelling attributes of International Plaza is its exceptional public transport connectivity. The property sits merely three minutes' walk—approximately 250 metres—from Tanjong Pagar MRT Station on the East-West Line (EW15). This proximity transforms the commuting experience for office workers, facilitating seamless journeys across the island whilst reducing reliance on private vehicles. The East-West Line connects directly to key employment centres including the Central Business District, Marina Bay, Jurong East, and beyond, making the development an attractive prospect for businesses seeking to draw talent from across all corners of Singapore.

The walkability factor cannot be overstated. Staff arriving by MRT find themselves within a short stroll of the office entrance, improving punctuality and workplace productivity whilst supporting sustainable commuting practices. This accessibility also enhances the appeal of the building to prospective tenants and end-users evaluating office options, as transportation convenience directly influences talent retention and recruitment outcomes.

Neighbourhood Character and Amenities

Anson Road and its immediate surroundings form part of Singapore's historic CBD fringe, where heritage meets contemporary commerce. The area has undergone significant evolution over recent decades, with older structures intermixed with modern commercial developments, heritage shophouses now housing trendy dining establishments, and a lively street culture that emerges particularly during lunch hours and after office hours. This mix of old and new creates an enviable work environment that avoids the sterility of purely modern office parks.

Dining and refreshment options abound within minutes of the development. The neighbourhood is home to a diverse array of restaurants, cafés, hawker centres, and casual eateries catering to all budgets and cuisines. This gastronomic diversity means office occupiers benefit from genuine choice when seeking lunch venues or client entertainment locations, enhancing the overall workplace experience and supporting a vibrant street-level economy that attracts foot traffic throughout the day and evening.

Investment Credentials and Ownership Flexibility

International Plaza appeals to both owner-occupiers and investment-focused purchasers. Businesses requiring permanent headquarters find the location and specification suitable for long-term occupation, whilst investors recognise the potential for rental returns in a district characterised by sustained demand from corporate tenants. The Tanjong Pagar area has historically demonstrated rental resilience, with office space commanding competitive rates relative to other Singapore precincts, reflecting the area's desirability and the limited supply of premium accommodation in this locality.

The flexibility of unit sizes within the development allows purchasers to select configurations matching their specific needs and budget parameters. Smaller units appeal to young professional firms or specialist consultancies, whilst larger floorplates suit established corporations requiring substantial team accommodation. This variety ensures broad market appeal and supports both capital appreciation and rental income generation across different buyer and tenant profiles.

Market Position and Competitive Context

The office market in Tanjong Pagar remains robust, supported by the area's institutional reputation, established transport infrastructure, and concentration of financial and professional services firms. International Plaza competes within a context where quality space at competitive prices attracts serious commercial interest. The building's proximity to Tanjong Pagar MRT Station positions it favourably relative to alternative offerings in adjacent precincts, as the transport advantage translates into genuine value for both occupiers and owners.

Pricing across the development reflects current market conditions in this established commercial zone. Prospective buyers and investors evaluating International Plaza often compare it against competing office stock in Tanjong Pagar, the CBD fringe, and nearby Chinatown and Outram areas. The proximity to MRT, the building's specification and age, and prevailing market yields all factor into the investment case, with buyers typically achieving competitive positions relative to alternative commercial property acquisitions in central Singapore.

Regulatory Framework and Buyer Considerations

Purchasers acquiring office space in Singapore should be aware of the Additional Buyer's Stamp Duty (ABSD) regime, which currently levies a 20% charge on the purchase price when a Singapore Citizen acquires a second residential property. Whilst International Plaza comprises office units rather than residential accommodation, clarity regarding the classification of any acquisition remains important. Office investments by corporate entities or primary residence holders in office-based developments typically avoid ABSD implications, though individual circumstances warrant verification with professional advisors before proceeding.

Financing terms for commercial property purchases in Singapore generally offer flexibility, with banks and financial institutions evaluating loan eligibility based on property specification, location, income-generating potential, and borrower creditworthiness. Office acquisitions at typical price points within International Plaza's range can usually access competitive loan products, allowing purchasers to leverage their capital and improve overall portfolio returns.

Outlook and Market Trajectory

The medium-to-longer-term outlook for Tanjong Pagar remains constructive. Singapore's Central Business District and immediate fringe areas continue to command premium valuations, supported by structural demand from multinational corporations, financial institutions, and professional service firms requiring Grade A accommodation. Whilst flexible working and hybrid models have altered office utilisation patterns, the demand for quality space in premium locations persists, particularly among established businesses that value location reputation, transport connectivity, and the concentration of peers and service providers in central precincts.

International Plaza represents a considered investment in one of Singapore's most established commercial neighbourhoods, offering buyers and owner-occupiers the advantage of location, connectivity, and market-proven demand. The combination of proximity to Tanjong Pagar MRT Station, vibrant neighbourhood character, and professional office specification positions the development as a credible choice within Singapore's competitive office market.

Frequently Asked Questions

What rental yield might be expected from an office unit at International Plaza purchased as an investment?

Office yields in the Tanjong Pagar area typically range between 2.5% and 4% gross, depending on unit specification, lease length, and prevailing market conditions. International Plaza's proximity to Tanjong Pagar MRT Station and location within an established commercial precinct should support competitive rental rates relative to alternative office offerings across Singapore. Investors should note that actual yields vary based on individual unit configuration, tenant creditworthiness, and lease terms negotiated at the time of letting. Professional valuation and yield analysis for specific units within the development are essential before committing capital, as rental demand and pricing evolve with broader office market cycles and Singapore's economic performance.

How does International Plaza's per-square-foot pricing compare to recent office transactions in Tanjong Pagar?

Pricing per square foot in the Tanjong Pagar office market has historically reflected the area's premium positioning as an established commercial precinct, with rates typically ranging between S$8 and S$15 per square foot depending on unit age, specification, floor level, and tenant quality. International Plaza's pricing should be benchmarked against comparable recent sales and lettings in the immediate locality and nearby Chinatown and Outram precincts to establish whether value is competitive. Prospective buyers are advised to engage qualified valuation professionals and review recent transactional data from the Singapore property market before evaluating International Plaza units, as pricing reflects both development-specific attributes and broader Tanjong Pagar market dynamics.

Does Additional Buyer's Stamp Duty (ABSD) apply to office unit purchases at International Plaza?

Office units are classified as non-residential property and generally fall outside the ABSD regime, which targets residential property acquisitions. However, the critical determinant is whether the unit is classified as commercial office space or residential in nature—a distinction that requires verification with the Singapore Inland Revenue Authority (IRAS) and professional legal advisors. If an individual purchaser or entity is buying a second office-based property and such units carry a residential component or mixed-use classification, ABSD at 20% for Singapore Citizens may apply. Buyers should always seek independent legal and tax advice before proceeding, as ABSD implications vary based on individual circumstances, entity type, and the precise classification of the unit being acquired.

What is the lease tenure for office units at International Plaza, and how does it affect resale value?

Office properties in Singapore typically exist as either freehold or long-term leasehold (999-year lease), with International Plaza's tenure requiring verification from the official title documentation and property records. Unlike residential properties, office leasehold tenure decay has historically had less pronounced impact on market value than in the residential sector, as commercial occupiers and investors focus on rental income, location, and utility rather than emotional attachment to ownership perpetuity. However, remaining lease duration does influence valuation and borrowing capacity, particularly as lease term contracts below certain thresholds. Prospective purchasers should confirm tenure status and understand how it affects their specific investment thesis, particularly if considering a longer holding period or planning to refinance in future.

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

The proximity to Tanjong Pagar MRT Station is a material competitive advantage, directly supporting both rental demand and capital appreciation potential. Office occupiers prioritise locations with excellent transport connectivity to facilitate staff commuting, client access, and operational efficiency, making the three-minute walk to EW15 a significant value driver. Properties within walking distance of major MRT stations typically command premium valuations and rents relative to locations requiring longer transport times or greater reliance on private vehicles. This transport advantage has historically supported capital appreciation in the Tanjong Pagar precinct, as the area's accessibility remains constant whilst surrounding urban development and economic demand cycles evolve. International Plaza's MRT proximity should strengthen its competitive positioning in Singapore's office market over medium-to-longer-term holding periods.

Is International Plaza suitable for different buyer profiles—HNW investors, corporate occupiers, and smaller professionals?

International Plaza's range of unit sizes and configurations supports appeal across diverse buyer categories. High-net-worth investors recognise the capital appreciation and rental yield potential of premium office space in an established CBD-fringe location with reliable tenant demand and strong transport connectivity. Established corporations and professional service firms may acquire units for owner-occupancy, benefiting from the location's reputation, MRT accessibility, and concentration of complementary businesses in the neighbourhood. Smaller practices, startups, and specialist consultancies can access appropriately sized units without over-capitalising on unnecessary floorplate, making the development accessible across multiple market segments. The flexibility of unit configurations within International Plaza means different buyer profiles can find suitable accommodation matching their specific needs, capital constraints, and investment objectives.

What debt servicing capacity and financing headroom might be available for office purchases at typical International Plaza price points?

Financing for commercial office property in Singapore generally permits loan-to-value ratios of 60% to 75% depending on the lender, property specification, borrower creditworthiness, and income documentation. At typical International Plaza price points ranging from approximately S$1.8 million upwards, this implies loan facilities of S$1.1 million to S$1.4 million, with buyers required to fund the balance through own capital. The debt servicing ratio (TDSR) regime applies principally to residential borrowing and personal consumption credit, rather than investment property financing, offering greater flexibility for commercial purchasers. However, individual lenders may impose additional serviceability tests based on the borrower's total liabilities and income. Prospective purchasers should engage financial advisors and banks early in the acquisition process to establish financing terms and confirm borrowing headroom, particularly if leveraging multiple properties or balancing other financial commitments.

How does International Plaza compare to competing office developments in nearby precincts?

International Plaza competes against established office stock in the CBD proper, Chinatown, Outram, and the broader CBD-fringe zone. The development's key competitive strengths centre on its Tanjong Pagar location—an area with deep institutional recognition among corporate tenants and investors—combined with direct MRT access within three minutes' walk. Alternative precincts such as Chinatown and Outram offer varying price points and specifications; some properties may be older or require renovation, whilst others provide modern amenities but at greater MRT distance or in less established commercial neighbourhoods. The Tanjong Pagar area itself remains one of Singapore's most resilient office markets, supported by long-standing concentrations of financial services, professional practices, and established corporations unlikely to relocate. Prospective buyers should evaluate International Plaza against comparable recent sales in Tanjong Pagar and immediate surrounding areas to assess whether pricing reflects genuine value relative to competing offerings.

Which floor levels or unit stacks within International Plaza may offer the best value proposition?

Value perception in office property varies based on unit location within the building, floor level, orientation, and natural light exposure. Lower floors (particularly ground and mezzanine levels) may command premium pricing if they offer street frontage, high visibility, or direct entry advantages, particularly suited to businesses requiring client-facing accommodation or retail-complementary uses. Mid-level floors typically balance accessibility with privacy and views, appealing to occupiers seeking professional environments without ground-level distractions. Higher floors often attract premium pricing due to superior views and perceived prestige, though they may carry operational disadvantages for businesses requiring frequent visitor traffic or preferring ground-level convenience. Within International Plaza, specific unit stacks and floor levels should be evaluated based on the prospective buyer's intended use—whether owner-occupancy or investment letting—and the preferences of target tenants in the Tanjong Pagar office market. Professional property advisors can identify which units historically achieve stronger rentals or capital performance based on market precedent.

What future supply pipeline exists for office space in the Tanjong Pagar and CBD-fringe districts, and how might it affect International Plaza values?

The Tanjong Pagar area faces constrained new office development due to its mature urban configuration, heritage conservation overlay, and limited available land parcels suitable for redevelopment. This supply constraint has historically supported valuations and rental growth in existing office stock, including established buildings like International Plaza, as demand from occupiers seeking CBD-fringe location with MRT connectivity concentrates on a limited pool of available space. Broader Singapore office supply continues to expand in newer precincts such as the CBD core, Marina Bay, Jurong East, and upcoming developments in growth zones, potentially fragmenting demand across a wider geographic range. However, demand for premium space in the Tanjong Pagar precinct—supporting businesses valuing location reputation, established networks, and accessibility—remains structural. The limited supply pipeline in Tanjong Pagar itself should support capital retention and moderate appreciation for properties like International Plaza, provided broader Singapore economic conditions remain supportive of office demand and commercial property investment.

What regulatory and compliance considerations should office buyers at International Plaza understand before acquisition?

Office property acquisitions in Singapore require verification of title, confirmation of building classification (commercial versus mixed-use), and understanding of any restrictive covenants affecting usage rights. Buyers must establish whether the unit is sold with vacant possession or existing tenancies, as this affects immediate cash flow and buyer occupancy planning. Strata title documentation and management corporation regulations govern common property maintenance, insurance, and operational expenses, which impact the overall cost of ownership. Professional legal review ensures the purchase contract clearly defines the unit's specifications, fixtures, and any tenant obligations or lease restrictions. Funding sources should be verified to comply with Singapore's anti-money-laundering framework and any foreign buyer restrictions that may apply. Engaging qualified legal professionals, property valuers, and financial advisors throughout the acquisition process mitigates regulatory risk and ensures compliance with Singapore's property law and taxation requirements.

[For Sale] Office At 10 Anson Road — From S$1.8M