CapitaSpring hits full height, set to open mid-year

There have been 38% committed occupancy to date.

CapitaLand’s CapitaSpring has now topped out, with about 75% of the construction completed, and is set to receive a temporary occupation permit by H2 this year, the company announced.

The 51-storey integrated development, located in the heart of Raffles Place central business district, has committed 38% of its net lettable area. It is set to achieve over 60% commitments upon completion, including the 22% advanced lease negotiations.

CapitaSpring will offer fully integrated workspace solutions and lifestyle amenities, and will be equipped with building features and technologies to enhance workplace wellness.

“As COVID-19 changes the norms of work, the forward-looking features of CapitaSpring have strengthened the development’s value proposition as a flexible, sustainable and connected workplace ecosystem,” CapitaLand CEO Tan Yew Chin said.

Financial services company Jefferies has noted in a report that the pre-commits of CapitaSpring are positive for the office sector and indicates increase in leasing activity, but understands that those are relocation demands.

“We await new-to-the-market tenants and expansions from existing tenants before becoming more positive,” the report said.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia