A guide to office space in Singapore

Singapore is a sovereign city-state, on a small island off the southern tip of the Malay Peninsula.

The country is one of the world’s major commercial hubs, and is ranked the fourth biggest financial center in the world.

The economy is largely dominated by the manufacturing, finance, and electronics industries, and is home to one of the top five busiest ports in the world.

The location

Singapore is made up of 63 islands — the main island is known as Singapore Island or Pulau Ujong. 

The CBD, also called the Central Area, is just south of the Singapore River, and contains the main commercial and financial districts, as well as a number of urban planning developments.

Neighbouring areas - price comparisons, per person per month

Below are the prices of executive suites given on a per person per month basis, and are based on a minimum to maximum average, derived from our Sales Team's knowledge.
Area Indicative price range
Singapore SGD600 – 1,500
Hong Kong SGD600 – 2,500
Kuala Lumpur SGD200 – 550
Jakarta SGD400 – 675


Raffles Place, Singapore

Looking for an office in Singapore

The Singapore office market is thriving — there are a number of office providers, with plenty of workspace available in this commercial hub.

For businesses looking to move into Singapore, our specialist local consultant, Betty Chen, recommends Raffles Place — there are many options to suit all business requirements, and rates are very competitive in this area.

Costs

The average cost of executive suite space in Singapore is between SGD 1000 – 5000 per month, although this will vary according to office size, requirements and location. 

These costs also cover amenities, which may include Internet, parking, lounges, meeting rooms, AV equipment and reception services, among others.


Office sizes

The average executive suite size in Singapore is between 100 – 300 square feet. Instant Offices provide both private suites and coworking offices.

We also offer a great variety of office sizes, and can accommodate most inquiries, from one person through to 100 or more depending on the specifics.


Why choose Singapore?

The benefits of doing business in Singapore are plentiful — it's one of the main financial centres in the Asia-Pacific region, and indeed, the world.

It also has one of the freest and most business-friendly economies, making it an ideal region in which to establish your company. 

Costs are lower here compared to other Asian countries, and it is easy to travel to the rest of the continent for business. 

With a skilled workforce, low tax rates and corruption-free governance, Singapore is the ideal business destination.

Five things you probably didn't know about Singapore:

  • On the back of the $1000 note you can find the national anthem printed in microtext
  • Singapore is one of the smallest countries in the world and apart from Monaco the most densely populated with 6,430 people per square kilometre
  • Buildings in Singapore must not be taller than 280m; three buildings currently stand exactly at this mark, One Raffles Place, Republic Plaza and UOB Plaza
  • Singapore has more than 3,000km of roads; end to end, they could reach Hong Kong
  • The Singapore Sling, a cocktail made using gin and cherry brandy was first served in 1915 at the Long Bar of the Raffles Hotel

Tanjong Pagar, Singapore

A closer look at Singapore

These are the most popular areas in which to rent office space:

Raffles Place

  • Raffles Place is in the CBD, and has some of the country’s tallest skyscrapers and iconic landmarks 
  • This area is mainly financial, populated by investment, banking, and recruitment firms, and is well connected to the rest of the city, with an MRT station directly underneath the center of Raffles Place 
  • The Singapore Exchange is also situated close by

Suntec City

  • Suntec City is a multi-use development situated in the Downtown Core of Singapore
  • There are five office towers providing around 2.3 million square feet of office space
  • There is also a large mall with over 360 outlets, as well as the landmark Suntec Singapore International Convention and Exhibition Center
  • Many IT, media, and marketing companies are based here

Orchard

  • The Orchard area, in the CBD, surrounds the popular 2.2km boulevard of Orchard Road, a popular tourist attraction and thriving retail and entertainment center
  • As a result, a number of events, marketing, and retail companies have established themselves here
  • The area also has excellent transport links, and plenty of hotels

Tanjong Pagar

  • The historic Tanjong Pagar is also in Singapore’s CBD, situated on the fringes of Chinatown and Raffles Place
  • It's populated by a number of shipping companies because of its proximity to the wharf
  • For office space, the area has many skyscrapers, home to advertising, media, finance, and consulting firms, along with large real estate businesses
  • Tanjong Pagar is characterized by its preserved pre-World War II shophouses, which have been converted into restaurants and pubs, adding vibrant nightlife to the area

Want to find out more?

If you’re looking to move into the area, or simply require more information, contact Instant Offices’ specialist local consultants.

Email our team or call us and we'll be delighted to help you.

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