Investment Portfolio
Suntec City
One Raffles Quay
MBFC Properties
9 Penang Road
177 Pacific Highway
Southgate Complex
Olderfleet, 477 Collins Street
55 Currie Street
As at 31 December 2018
Location One Raffles Quay, Singapore 048583
Title Leasehold 99 years from 2001
Total Net Lettable Area 1,327,722 sq ft
Net Lettable Area 442,5741 sq ft
Number of tenants (actual) 58
Car Park Lots 713
Purchase Price S$941.5 million1
Market Valuation S$1,275.6 million1
(31 December 2017:
S$1,273 million)
Net Income Contribution S$24.8 million 2
(2017: S$28.8 million)
Committed Occupancy 96.1%
(31 December 2017: 100%)
  1. Reflects one-third interest.
  2. Comprises dividend income and interest income from the joint venture
One Raffles Quay is a prime landmark commercial development located in Singapore’s Central Business District comprising a 50-storey office tower (the “North Tower”), a 29-storey office tower (the “South Tower”), an underground link to the Downtown and Raffles Place MRT stations with excellent connectivity and accessibility along the Downtown, North-South and East-West MRT lines, a sheltered plaza serving as a drop-off point and a hub car park with 713 car park lots.

Designed by internationally renowned architectural firm Kohn Pedersen Fox Associates of New York, its state-of-the-art building services and management systems cater to the needs of global financial tenants.

One Raffles Quay was accorded the top award in the Office category at the FIABCI Prix d’Excellence Awards 2008, which recognises the world’s outstanding real estate developments.

One Raffles Quay has a large and diversified tenant base comprising 53 office tenants and five retail tenants. The major office tenants include ABN AMRO Bank N.V., Capital International Research and Management, Inc., Deutsche Bank, Ernst & Young, and UBS AG.

In equal partnership with Hongkong Land and Keppel REIT, Suntec REIT holds a one-third interest in One Raffles Quay.

A prestigious iconic prime Grade ‘A’ office development with long term growth potential, One Raffles Quay is well-positioned to capitalise on the future growth of the Marina Bay area, given its proximity to Marina Bay.

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