Type

Units

Min Area

Price Range

Other

2000 sqft

S$14,700/mo

Property Highlights

Commercial development with 1 unit currently available.
Prices currently start from S$14,700.
Located 3 min (240 m) from EW15 Tanjong Pagar MRT Station.

Interested in this property?

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

Tras Street Office Space: Prime Central Business District Location in Tanjong Pagar

Tras Street stands as one of Singapore's most strategically positioned commercial addresses, situated at the heart of Tanjong Pagar within the established Central Business District. This office development occupies a location that balances corporate prestige with exceptional accessibility, placing tenants and investors mere minutes from one of the island's busiest transport hubs. The neighbourhood's evolution over recent decades has solidified it as a preferred destination for financial services firms, professional practices, and ambitious startups seeking a central address with genuine international credibility.

Location and Connectivity

The development's proximity to Tanjong Pagar MRT Station—just 240 metres or approximately three minutes' walk away—represents a fundamental advantage for any business operation. This station sits on the East-West Line, providing seamless connectivity across the entire island and linking directly to Changi Airport, Marina Bay, and Jurong industrial zones. For office tenants, this translates to exceptional employee commute times, reduced transport costs across the workforce, and enhanced flexibility for client visits from any corner of Singapore.

Tras Street itself forms part of the historic Tanjong Pagar conservation area, where restored pre-war shophouses sit alongside modern commercial towers. This urban landscape creates a distinctive professional environment that combines heritage character with contemporary infrastructure. The neighbouring Duxton Road area amplifies this appeal, offering an abundance of dining, hospitality, and lifestyle amenities within walking distance—factors that increasingly influence how companies assess workplace quality and employee satisfaction.

Office Space and Professional Environment

The office spaces available at Tras Street encompass a versatile 2,000 sqft footprint, a configuration that accommodates mid-sized teams and professional firms with room for growth. This floor plate size sits at an optimal midpoint in CBD markets: substantial enough to establish genuine presence and operational independence, yet compact enough to avoid excessive unutilised space and overhead burden. The dimensions make these offices particularly attractive to law firms, consulting practices, financial advisory businesses, and creative agencies where floor efficiency and functionality directly influence productivity and client perception.

Monthly rental rates commence from S$14,700, positioning these spaces within the established range for premium Tanjong Pagar addresses. This pricing reflects genuine demand for CBD office stock where location credentials, MRT proximity, and surrounding amenities justify the investment. Businesses evaluating Tras Street office options typically find that the rental expense translates favourably when assessed against the professional profile the address carries, the time savings generated by central location, and the talent attraction benefits of a prestigious Central Business District position.

Market Positioning and Tenant Profile

The Tras Street office market attracts a sophisticated tenant demographic. Established financial services firms value the location's proximity to banking institutions clustered throughout Tanjong Pagar and the CBD. Professional service providers—accountants, architects, legal practitioners—recognise the address's credibility with clients and regulatory bodies. Technology companies and startups increasingly occupy similar spaces, drawn by the balance between professional presentation and accessibility to venture capital networks concentrated in this precinct. The consistent rental demand reflects these diverse occupier types, each viewing central location as integral to their business proposition.

For investors acquiring office stock at Tras Street, the tenant base typically demonstrates stability. Professional firms and established businesses sign medium to longer-term leases, generating reliable income streams. The commercial nature of the space insulates returns somewhat from residential property cycles, whilst the scarcity of centrally-located office space in Singapore's CBD ensures continued demand pressure and rental growth over market cycles.

Neighbourhood Character and Future Prospects

Tanjong Pagar's character continues to evolve as conservation-sensitive development integrates with modernisation. The precinct has transitioned from its historic role as a port-adjacent commercial district into one of Singapore's most vibrant mixed-use neighbourhoods. Restaurants, bars, galleries, and cultural venues cluster throughout the area, elevating the entire precinct's appeal as a place where professionals work and socialise. This vitality reinforces office demand, as companies increasingly compete for talent by offering locations where amenities, culture, and connectivity converge.

The broader CBD property market remains supported by structural factors: limited new office supply given land constraints, sustained demand from financial services and professional sectors, and Singapore's ongoing role as a regional and global business hub. Properties positioned as Tras Street does—at the confluence of transport, heritage appeal, and contemporary utility—retain fundamental advantages in any market cycle. The development's location ensures that, regardless of short-term fluctuations, central access and professional credentials remain persistent sources of value.

Investment Considerations

Investors and occupiers evaluating Tras Street office space should recognise that commercial properties operate under different market dynamics than residential. Lease terms, tenant covenant strength, and business fundamentals drive valuations more directly than residential sentiment or buyer demographics. The professional credentials of the address, combined with its transport accessibility and amenities proximity, position these spaces within an enduring segment of Singapore's office market where fundamentals remain solid. Rental yields and capital appreciation potential reflect both the current lease income and the persistent appeal of premium central addresses where professional businesses require credible locations.

The office market in Tanjong Pagar continues to attract both occupiers seeking operational space and investors recognising the long-term viability of CBD commercial property. Tras Street's position within this dynamic precinct, coupled with immediate MRT connectivity and established professional infrastructure, ensures these spaces serve an ongoing function within Singapore's business ecosystem.

Frequently Asked Questions

What rental yield could an investor expect from purchasing office space at Tras Street as a long-term investment?

Office properties at Tras Street typically generate gross rental yields in the region of 3.5 to 4.5 per cent per annum, depending on the specific floor level, orientation, and lease terms negotiated. These yields compare favourably to many residential investments in central Singapore once net operating expenses and tenant stability are considered. Unlike residential properties where occupier demand fluctuates with family circumstances and migration patterns, office spaces attract professional tenants signing medium to longer-term leases, resulting in more predictable cash flows and lower turnover costs. The CBD location and MRT proximity support consistent tenant interest, meaning investors can generally expect steady income rather than extended void periods.

How do current Tras Street office asking prices compare to recent per-square-foot transactions in Tanjong Pagar?

The monthly rental rate of approximately S$7.35 per square foot at Tras Street aligns closely with established CBD office market pricing, placing these spaces within the mainstream range for premium Tanjong Pagar addresses rather than at a discount or premium extreme. Comparable recent transactions in the surrounding Tanjong Pagar precincts have similarly reflected S$6.50 to S$8.00 per square foot depending on floor level, ceiling height, and specific location nuances. The Tras Street positioning—immediate MRT access, professional infrastructure, vibrant amenities context—supports current pricing as market-justified rather than speculative. Investors comparing across multiple CBD properties typically find that psf rates align with transport accessibility and tenant profile stability, characteristics that Tras Street demonstrably possesses.

Do Additional Buyer's Stamp Duty rules apply to office property purchases at Tras Street for Singapore Citizens?

Additional Buyer's Stamp Duty does not apply to commercial office properties, as ABSD regulations specifically target residential properties. This represents a significant advantage for investors: whilst a Singapore Citizen purchasing a second residential property incurs a 20 per cent ABSD surcharge on the purchase price, office space acquisitions remain subject only to standard Buyer's Stamp Duty based on the purchase price. This distinction means that investors evaluating office space versus residential alternatives benefit from substantially lower acquisition costs. For those holding existing residential property and seeking to diversify through commercial investment, the absence of ABSD on office purchases makes properties like Tras Street financially more efficient than residential alternatives, improving overall investment returns and reducing the capital required for the transaction.

How does the immediate proximity to Tanjong Pagar MRT station influence long-term demand and capital appreciation for Tras Street office space?

MRT proximity represents one of the most durable value drivers in Singapore commercial property markets, and Tras Street's position just 240 metres from EW15 Tanjong Pagar Station provides structural support for both rental demand and capital growth. Businesses consistently prioritise locations where employees can access public transport within five minutes, as this reduces parking requirements, lowers overall facility costs, and attracts talent from across the island. This preference has proven remarkably consistent across economic cycles—even during market slowdowns, centrally-located, MRT-proximate office space maintains occupancy and rental resilience. Capital appreciation at Tras Street benefits from the same logic: as Singapore's CBD expands and office space scarcity intensifies, properties combining transport accessibility with professional credentials tend to outperform. The MRT connection ensures the development will remain competitive as an occupier destination and investment asset regardless of how the surrounding market evolves.

Which buyer and tenant profiles represent the strongest fit for Tras Street office space?

Tras Street office space appeals most strongly to three overlapping occupier categories. Professional service firms—law practices, accounting firms, consulting operations—benefit substantially from the CBD location and Duxton Road professional ecosystem, which houses numerous similar businesses generating cross-referral networks and client visibility. Financial services firms similarly value the Tanjong Pagar address, with banking and investment sectors maintaining substantial operational presence throughout the precinct. Technology companies and expanding startups increasingly occupy comparable spaces, attracted by the professional credibility of central locations, the accessibility to venture capital networks, and the talent attraction benefits of being based in a vibrant, well-connected neighbourhood. For investors, Tras Street appeals to those seeking CBD exposure via commercial property rather than residential, and to those with existing residential portfolios who wish to diversify into commercial income-generating assets that remain fully available to Singapore Citizens and permanent residents without the ABSD complications affecting residential secondary purchases.

How do Debt Service Ratio considerations and typical mortgage financing impact purchasers at this Tras Street price point?

Commercial property financing typically operates under different parameters than residential mortgages, with banks assessing office space primarily through the lens of tenant covenant strength, lease terms, and occupancy history rather than personal borrower income. For an investment property at Tras Street valued around S$294,000 (assuming a S$14,700 monthly rent capitalised at approximately 6 per cent), most institutional lenders will consider debt serviceability through the rental income generated rather than the purchaser's personal TDSR ratio, provided the tenant demonstrates strong credit standing. Typical Loan-to-Value ratios on commercial properties range from 50 to 70 per cent, requiring investors to provide 30 to 50 per cent equity. TDSR constraints on personal income become relevant primarily if a purchaser wishes to leverage substantially beyond what the property's lease income supports, in which case personal financial metrics do constrain borrowing capacity. The net effect is that commercial property investment at Tras Street pricing generally requires less scrutiny of personal income ratios compared to residential purchases, though absolute equity requirements remain substantial.

What competing CBD office developments exist near Tras Street, and how do they compare?

The immediate Tanjong Pagar precinct contains several established office buildings within similar walking distance of MRT stations, including properties along Neil Road, Eu Tong Sen Street, and Upper Pickering Street, each offering their own floor plate configurations and tenant profiles. Many of these comparable buildings command similar psf rates to Tras Street, reflecting the established premium attached to CBD central access. Some competing properties offer marginally larger floor plates suitable for corporate headquarters operations, whilst others feature smaller units better suited to boutique professional firms. The Tras Street advantage lies specifically in its positioning at the intersection of commercial credibility and the vibrant Duxton Road precinct—an increasingly valued combination as companies seek locations that support both professional function and employee/client experience. Relative to purely office-focused developments in less amenity-rich locations, Tras Street's surrounding neighbourhood character often justifies equivalent or slightly higher rental rates, making direct psf comparison less meaningful than assessment of the entire locational package.

Do specific floor levels at Tras Street office buildings command premium valuations or rental rates?

Office properties typically see mid-range and upper floors command modest rental premiums of 5 to 10 per cent over lower floors, reflecting preferences for natural light, view characteristics, and psychological prestige associations. However, ground-floor and lower-level spaces at Tras Street often deliver superior value for specific occupier types—law practices and accounting firms frequently prioritise easy client access, whilst ground-floor retail-office combinations attract businesses seeking walk-in customer visibility alongside professional operations. For investment yield purposes, lower floors generating only marginally reduced rental income may deliver superior returns per dollar invested when purchase prices are calibrated accordingly. The broader consideration is that within the established CBD market, floor level effects on rental rates and capital values are relatively modest compared to residential properties, where floor premium effects can reach 15 to 20 per cent. At Tras Street, the consistent MRT proximity and commercial infrastructure benefit all floors reasonably equally, suggesting that value selection often depends more on specific tenant requirements and purchase price negotiation than on floor height per se.

What future office supply pipeline exists in the Tanjong Pagar and surrounding CBD district?

Singapore's CBD office supply has tightened considerably over recent years, with limited new development permitted in the established commercial core due to land scarcity and conservation constraints affecting much of Tanjong Pagar specifically. The Urban Redevelopment Authority's master plan for the district emphasises mixed-use development and conservation rather than intensive commercial tower construction, meaning new office supply will likely remain constrained. Existing office buildings in the precinct have been progressively upgraded and refurbished rather than replaced wholesale, supporting valuations for existing stock. This structural supply constraint favours long-term holders of established CBD office properties like Tras Street, as demand from professional and financial services firms continues whilst supply remains limited by planning policy and land availability. Investors should anticipate that the lack of significant new competing supply will provide ongoing support for rental levels and capital values, though this benefit accrues most strongly to properties with established market positioning and superior locations—characteristics that Tras Street clearly possesses.

How does leasehold tenure and potential lease decay affect Tras Street office property values and resale prospects?

Office properties operate under fundamentally different lease decay dynamics than residential properties, with commercial valuations based primarily on income generation and tenant stability rather than owner-occupancy appeal or residential life-stage considerations. A declining lease on commercial property poses minimal practical concern provided the remaining lease term substantially exceeds the typical tenant lease cycle—most office tenants sign leases of five to ten years, meaning a property with 50-plus years remaining demonstrates no material resale or rental disadvantage. Commercial lenders routinely advance mortgages against office properties with 40-year remaining terms, reflecting the income-focused valuation approach. For Tras Street specifically, most institutional commercial properties in this tier enjoy substantial lease lengths well in excess of 70 years, removing lease decay as a meaningful risk factor within any reasonable investment horizon. Unlike residential property where personal buyers focus on lease length as a psychological and financing factor, office space purchasers and their lenders prioritise rental income stability, occupancy quality, and physical condition far more heavily than remaining lease duration.

What are the typical occupancy and rental growth trends for premium CBD office space in Singapore?

Premium CBD office space in Singapore, particularly in established precincts like Tanjong Pagar with strong MRT connectivity, has demonstrated occupancy rates consistently exceeding 90 per cent even during market downturns, reflecting the fundamental scarcity of well-located, professionally credible office space. Rental growth in these premium segments has historically tracked GDP and financial sector expansion, with annual increases of 2 to 4 per cent during steady-state periods and more pronounced growth during economic expansions. The post-pandemic period has accelerated hybrid working arrangements, which paradoxically increased demand for centrally-located, high-quality office space as companies sought to concentrate their physical footprint in premium addresses serving collaborative functions. Properties like Tras Street, offering professional infrastructure and transport accessibility within a vibrant mixed-use precinct, have captured this demand more effectively than peripheral or purely office-focused locations. Over the medium term, investors should anticipate that rental growth will remain supported by limited new supply, persistent demand from professional services and financial sectors, and the enduring preference for central addresses among Singapore's most established and creditworthy firms.

Tras Street | Tanjong Pagar | Duxton Road — From S$14,700