The Business Times
business-time-50
SINGAPORE PROPERTY

One Raffles Place expected to be put on the market at S$2.3 billion to S$2.4 billion

All owners of the office and retail asset, above Raffles Place MRT station, are coming together for a potential sale

Summarise
google-preferred-sourceAdd BT as a preferred source
Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, Feb 19, 2026 · 09:19 PM
阅读简体中文版 (beta)
    • At 280 m, One Raffles Place Tower One is one of the tallest buildings in Singapore. Beside it is the six-level retail mall.
    • One Raffles Place Tower Two, where Virgin Active is a tenant, was completed in 2012.
    • At 280 m, One Raffles Place Tower One is one of the tallest buildings in Singapore. Beside it is the six-level retail mall. PHOTO: BT FILE
    • One Raffles Place Tower Two, where Virgin Active is a tenant, was completed in 2012. PHOTO: BT FILE

    [SINGAPORE] Another substantial office asset in a prime location in the Central Business District is expected to be put on the market this year amid improving property investment sentiment fuelled by lower interest rates.

    All the owners of One Raffles Place, which is situated above and with a direct underground link to the Raffles Place MRT station, are understood to have come together and have appointed CBRE and JLL as joint marketing agents to find a buyer.

    The indicative pricing (for 100 per cent interest) is expected to be in the S$2.3 billion to S$2.4 billion range.

    Singapore propertySingapore officesoue reitUOBUOL

    TRENDING NOW

    Why is Apac poised to become such a significant market for aviation?

    Asia-Pacific aviation: is up really the only way?

    Russian President Vladimir Putin (right) meeting Myanmar President Min Aung Hlaing (left) at the Grand Kremlin Palace in Moscow on Aug 18.

    Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies

    Professional oversight can help investors avoid emotion-led decisions, shares Chew Mun Yew, managing director and head of UOB Private Bank.

    Why disciplined stewardship matters when managing wealth in uncertain markets

    The programme aims to equip accountancy and corporate finance workers with practical skills to use AI effectively and responsibly.

    More than 15,000 sign up for national accounting body’s AI programme in two months

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More