Type

Units

Min Area

Price Range

Other

926 sqft

S$6,300/mo

Property Highlights

Commercial development with 1 unit currently available.
Prices currently start from S$6,300.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$1,260 on this acquisition.
Located 1 min (40 m) from EW15 Tanjong Pagar MRT Station.

Price Trends & Rental Yield

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International Plaza: Premium Office Space in Tanjong Pagar's Business Heart

International Plaza stands as a notable commercial offering in one of Singapore's most established financial precincts. Situated in Tanjong Pagar, the development provides office space designed to serve the evolving needs of modern businesses, from emerging startups to established professional firms seeking a prestigious address within walking distance of major banking and financial institutions.

The building's location at just one minute's walk from Tanjong Pagar MRT Station on the East-West Line (EW15) represents a significant competitive advantage for any occupier or investor. This exceptional transport connectivity means tenants and clients can access the space seamlessly from across the island, with direct rail links to Raffles Place, Marina Bay, and the broader east-west corridor. For office buyers and investors, this accessibility translates directly into tenant demand, as proximity to public transport remains one of the most valued factors in commercial real estate decision-making across Singapore's CBD.

Space Configuration and Flexibility

The available units within International Plaza range in size, with offerings beginning at approximately 926 square feet. This configuration appeals to a diverse tenant base, including legal practices, consulting boutiques, accounting firms, and creative agencies that require efficient, cost-effective workspace without the overhead of larger traditional office floors. The flexibility inherent in the building's stock allows investors and owner-occupiers to select units that precisely match their operational requirements, whether seeking a single compact suite or combining multiple units to create a more substantial footprint.

For owner-occupiers in professional services sectors, this size range offers sufficient space for a small team whilst maintaining profitability on the operational side. The standing rental rates from S$6,300 per month reflect the premium nature of the location and the quality of the address, which continues to command strong demand among businesses seeking credibility and accessibility in a historically significant financial centre.

Market Position and Tenant Demand

Tanjong Pagar has maintained its status as a cornerstone of Singapore's financial services landscape for decades. The district hosts major banking headquarters, law firms, accounting practices, and financial advisory houses, creating a concentrated ecosystem of complementary businesses. International Plaza benefits directly from this established market fabric, positioning itself as an accessible option for firms within this professional services cluster who may be expanding or relocating within the immediate precinct.

The mature nature of this micromarket means that International Plaza occupies a space where tenant demand remains consistent and predictable. Unlike emerging business parks further from the CBD core, the Tanjong Pagar area does not experience the same cyclical oversupply or sudden demand shocks. Tenants in this location tend to view their office address as a permanent investment in their professional brand rather than temporary workspace, leading to longer tenancy periods and more stable rental income for investors.

Investment Considerations for Commercial Buyers

For investors evaluating International Plaza as a commercial purchase, the fundamental appeal rests on several interconnected factors. The building's proximity to Tanjong Pagar MRT ensures that the tenant pool remains deep and competitive, with professionals and small businesses continuously seeking space in this district. The combination of established market demand, consistent rental rates, and low vacancy risk in this particular location makes International Plaza an attractive proposition for investors seeking a lower-volatility commercial asset compared to emerging or speculative office developments in less established areas.

The pricing structure from approximately S$6,300 per month for available units reflects current market conditions in the Tanjong Pagar office sector, where price per square foot has remained relatively stable compared to more peripheral business parks. For investors accustomed to tracking commercial real estate performance, this consistency in pricing and demand suggests a building and location that has been thoroughly tested by market cycles and has proven capable of retaining tenant interest across economic variations.

Transport Connectivity and Strategic Value

The positioning of International Plaza in relation to Tanjong Pagar MRT Station cannot be overstated in terms of its strategic importance. The East-West Line serves as one of the island's most utilised transport corridors, with EW15 providing direct interchange opportunities at key nodes such as Outram Park, Raffles Place, and Marina Bay. For office tenants, this means employees and clients can reach the address with minimal inconvenience from virtually anywhere in Singapore's main business and residential zones.

This transport advantage has a measurable impact on both rental rates and capital appreciation. Commercial buildings within a five-minute walk of major MRT stations consistently achieve higher occupancy rates and command premium pricing compared to buildings requiring longer ground-level or vehicular access. International Plaza's one-minute proximity positioning it firmly in the high-demand category, making it an asset that should retain its attractiveness as Singapore's transport network continues to evolve.

The Commercial Office Market in Context

Singapore's commercial office market has undergone significant transformation in recent years, with demand shifting towards flexible, efficiently-designed spaces in high-accessibility locations. International Plaza's offerings align well with these market trends. The building's scale and unit flexibility allow it to serve businesses across multiple sectors and size profiles, reducing concentration risk and maintaining demand resilience even as individual industries experience cyclical downturns.

The Tanjong Pagar precinct itself remains one of the few areas in Singapore where the office market has not experienced substantial disruption from remote working trends. The historical concentration of financial services, legal firms, and professional services in this area creates a gravity well of demand that continues to attract businesses seeking a prestigious, accessible address for client-facing operations and team collaboration spaces. International Plaza sits at the centre of this continuing demand, making it a potentially stable long-term investment for those seeking consistent, predictable commercial real estate returns.

Frequently Asked Questions

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

Commercial office space in Tanjong Pagar typically generates rental yields in the 4% to 5.5% range, depending on the specific unit size, floor level, and exact location within the building. International Plaza's position immediately adjacent to Tanjong Pagar MRT places it in the higher tier of this range, as proximity to major transport hubs directly correlates with stronger tenant demand and more stable occupancy rates. The standing rental rates from approximately S$6,300 per month for units in this development suggest the building has been maintaining competitive positioning within its micromarket. Investors should note that commercial yields are generally lower than residential properties but tend to offer greater stability and longer average tenancy periods, making them attractive for risk-averse portfolios seeking predictable long-term income.

How does the price per square foot at International Plaza compare to recent transactions in Tanjong Pagar?

Office space in the Tanjong Pagar precinct has traded at relatively consistent price levels over recent years, with established buildings maintaining values within a narrow range. International Plaza's pricing reflects the maturity of this micromarket, where significant price volatility is less common than in emerging business parks or more speculative office locations. The monthly rental of S$6,300 for units of approximately 926 square feet translates to roughly S$6.80 per square foot per month, which is consistent with other well-located, accessible office buildings in the same district. This pricing stability suggests the building has found its natural market level and is not significantly overpriced relative to comparable stock, though investors should always conduct detailed comparative analysis of specific competing properties before making purchase decisions.

Does Additional Buyer's Stamp Duty (ABSD) apply if I purchase an office unit here as my second property?

Additional Buyer's Stamp Duty applies at a rate of 20% when a Singapore Citizen purchases a second residential property. However, it is critical to note that commercial office properties, including office units at International Plaza, are classified as non-residential real estate and therefore fall outside the scope of ABSD regulations entirely. This is one significant advantage of commercial property investment compared to residential purchases—ABSD does not affect your acquisition cost. If you are purchasing an office unit at International Plaza as your second property overall (regardless of whether your first property is residential), you will not incur ABSD, making the effective acquisition cost lower than would apply to a second residential property at the same price point.

Is there lease decay risk at International Plaza, and how might this affect future resale value?

International Plaza is a commercial building, not a residential property subject to the 99-year leasehold framework that applies to most residential developments in Singapore. Commercial office properties typically operate under different tenure arrangements and do not experience the same form of lease decay that concerns residential buyers as a 99-year lease approaches expiry. The tenure status of your office unit purchase will depend on the specific holding structure of the building, but lease decay is not a material consideration for commercial office investment in Singapore in the way it is for residential flats. Resale value for commercial office space is determined primarily by location desirability, transport accessibility, tenant demand, and market rental rates rather than remaining lease duration, making International Plaza's proximity to Tanjong Pagar MRT a far more significant determinant of long-term value retention than tenure length.

How does the proximity to Tanjong Pagar MRT affect demand and capital appreciation for office space here?

Tanjong Pagar MRT Station represents one of the most strategically important transport nodes for office workers and professionals moving through Singapore's CBD. The station sits on the East-West Line at a point where multiple financial institutions, law firms, and professional services headquarters have historically clustered, creating a powerful gravity well of demand that remains exceptional across commercial real estate cycles. Buildings within a one-minute walk of the station consistently command rental premiums of 10% to 15% compared to comparable office space located three to five minutes away. Capital appreciation for International Plaza is likely to benefit significantly from any future MRT network expansion or service intensity improvements, as the accessibility advantage that currently drives demand will only become more valuable. Properties in this location have historically proven resistant to tenant flight during economic downturns, as the convenience of MRT access means businesses are willing to sustain their space commitments even when facing cost pressures.

Who are the ideal buyer profiles for office units at International Plaza?

International Plaza appeals to several distinct buyer profiles with different motivations. Professional practitioners—such as individual lawyers, accountants, and consultants—often purchase small office units of 900–1,200 square feet for owner-occupied use, valuing the prestigious address and MRT accessibility for client meetings and team collaboration. Small to mid-sized firms expanding within Tanjong Pagar are another key buyer cohort, seeking efficient, well-located space without the overhead and long-term commitment of a large traditional office lease. Commercial investors seeking stable, lower-volatility returns represent a third profile, attracted by the consistent tenant demand and rental stability that characterizes this established micromarket. First-time commercial property buyers benefit from International Plaza's transparent market positioning and the abundance of comparable recent sales data available for the Tanjong Pagar precinct, reducing information asymmetry and making the purchase decision more straightforward than it would be for a more speculative or emerging office location.

What TDSR and financing headroom should I expect when purchasing at typical price points for International Plaza?

Commercial property financing for office units operates under different criteria than residential mortgages, with lenders typically offering loan-to-value ratios of 50% to 70% depending on the property's cash flow, tenant profile, and your personal financial profile. At the current rental rates from approximately S$6,300 per month, a unit's rental income will substantially cover debt servicing costs, which typically improves your overall debt-to-service ratio (TDSR) relative to residential property purchases where rental income is more modest. Most banks can structure financing such that the monthly rental income offsets 60% to 80% of your loan repayment obligation, meaning your personal monthly cash outlay is relatively small or even slightly positive if you hold the property to completion. TDSR calculations for commercial property are therefore often more favourable than for residential properties, though you should consult directly with commercial property lenders to understand the specific terms available at your chosen loan-to-value ratio and based on your personal financial position.

How does International Plaza compare to other office buildings in Tanjong Pagar and nearby districts?

The Tanjong Pagar precinct contains numerous office buildings spanning different age profiles, tenant types, and price ranges. International Plaza occupies a middle position within this spectrum—neither a ultra-premium, trophy-class building commanding the highest price per square foot nor a secondary-location building with material vacancy risk. This positioning makes it an attractive option for investors seeking to avoid both the premium pricing and concentration risk of premium properties, and the value risk inherent in secondarily-located stock. Nearby competing buildings in Outram Park and the fringe areas of Raffles Place often command either higher rents due to closer proximity to the financial district core, or lower rents due to slightly diminished MRT accessibility. International Plaza's one-minute MRT walk presents a compelling value proposition relative to buildings requiring five to ten minutes' walk to the nearest station. For owner-occupiers comparing options within Tanjong Pagar specifically, International Plaza offers efficient space configuration and reasonable pricing without requiring movement to less established or more peripheral locations.

Which unit stacks and floor levels at International Plaza offer the best value proposition?

Floor level preferences in office buildings differ from residential properties. Many tenants and owner-occupiers prefer lower to mid-level floors in office buildings, as they reduce environmental noise from external traffic and provide easier client access without lengthy elevator waits. However, ground-floor units sometimes command discounts due to street-level visibility and potential noise, while very high floors may carry premiums that are not fully justified by tenant demand in secondary office precincts like Tanjong Pagar. The optimal value strategy typically involves focusing on floors three to ten, where pricing reflects realistic market premiums for slightly enhanced status without the excess costs associated with trophy-class upper floors. International Plaza's specific floor configuration and unit layout will determine which stacks offer the best value—units with efficient rectangular floor plates, minimal interior columns, and straightforward open-plan potential tend to command stronger demand than irregularly shaped units. Investors should evaluate units based on their actual functional utility to potential tenants rather than abstract floor number preferences, as Tanjong Pagar's professional services market is primarily concerned with practical workspace rather than prestige positioning.

What is the future supply pipeline for office space in the Tanjong Pagar and Outram Park district?

The Tanjong Pagar and Outram Park precinct is largely built-out and mature, with relatively limited new office construction pipelines compared to emerging business parks at Jurong and the north-eastern waterfront areas. This supply scarcity is actually beneficial for the rental and capital values of existing properties like International Plaza, as new supply does not depress market pricing as aggressively as occurs in districts where multiple new buildings are completing simultaneously. The Singapore government's urban renewal and heritage conservation focus on the Tanjong Pagar area means future supply will likely be constrained by conservation regulations and land-use restrictions, creating a natural supply ceiling that supports stable valuations for existing buildings. Any new office supply in the immediate precinct will likely be limited to redevelopment of older, lower-value buildings and will take years to complete, meaning International Plaza should not face material competition from new supply for at least the next five to ten years. This supply scarcity contributes to the investment case for established buildings in this location, as demand growth will not be met by corresponding supply additions, supporting both rental rates and capital values over medium to long-term holding periods.

[For Rent] Office At International Plaza — From S$6,300