Clemence Lee has advised on over SGD 3.5 billion in office building transactions in Singapore — including One George Street (S$1.28 billion), Westgate Tower (S$680 million), Twenty Anson (S$600 million), Jem Office Tower (S$462 million), Vision Crest (S$440 million), and Wilkie Edge (S$350 million). He advises institutional investors, REITs, property funds, and corporate owners on the acquisition and divestment of Singapore’s premier office assets.
The Singapore Office Market Today
Singapore’s Grade A office market is one of Asia Pacific’s most institutionally active and transparent commercial real estate markets. It is also one of the most analyzed, which means pricing tends to be efficient, and the opportunities that arise are typically situation-specific rather than broad market mispricing.
The flight-to-quality trend that has characterised the market since 2022 is real and sustained. Vacancy in the CBD core (Raffles Place, Marina Bay) remains below 5% for well-specified Grade A assets. Older, less well-specified stock in the same precincts is under genuine occupier pressure. The bifurcation between premium Grade A and the rest is more pronounced than at any point in the past decade.
Clemence’s Key Office Transactions
| Property | Value | Location | Type |
|---|---|---|---|
| One George Street | S$1.28 billion | Raffles Place, CBD | Grade A, whole building |
| Westgate Tower | S$680 million | Jurong | Grade A, whole building |
| Twenty Anson | S$600 million | Tanjong Pagar, CBD | Grade A, whole building |
| Jem Office Tower | S$462 million | Jurong | Grade A, whole building |
| Vision Crest | S$440 million | Orchard Road | Grade A, whole building |
| Wilkie Edge | S$350 million | Bugis | Premium Grade, whole building |
Office Buildings FAQ
Everything you need to know about office buildings acquisition and divestment in Singapore. Can’t find an answer? Get in touch →
Who advises on Grade A office investment in Singapore?
Clemence Lee, Executive Director of Capital Markets at CBRE Asia Pacific Singapore, has advised on over S$3.5 billion in Grade A office building transactions including One George Street (S$1.28 billion), Westgate Tower (S$680 million), Twenty Anson (S$600 million), JEM Office Tower (S$ 462 million), Vision Crest (S$440 million), and Wilkie Edge (S$ 350 million). He advises institutional investors, property funds, and REITs on office acquisition and divestment across all Singapore office sub-markets.
What are current office yields in Singapore?
Net initial yields range from 3–3.5% in the CBD to 3.5–4% in decentralised locations such as Jurong East and Paya Lebar. Assets with longer WALE and diversified blue-chip tenancy command the tighter end of these ranges.
Why do institutional investors choose Singapore office?
Singapore offers political stability, rule of law, transparent land title, AAA sovereign credit, and Southeast Asia’s most established business hub infrastructure. The depth of the occupier market which consist of global MNCs, financial institutions, professional services firms provides defensive income characteristics that few Asia Pacific office markets can match at this scale and consistency.
What is the typical ticket size for office buildings in Singapore?
In Singapore, institutional office transaction sizes typically range from approximately S$300 million for a mid-sized 10-storey CBD office building to in excess of S$1 billion for a prime Grade A office tower in the CBD.
How can I engage Clemence Lee for a office building opportunity?
Reach out via the contact form on this site or whatsapp +65 9724 2939. Initial consultations are complimentary. Clemence typically responds within one business day. Whether you are evaluating an acquisition, considering a divestment, or seeking a market perspective, he is available to provide expert guidance on Singapore’s commercial real estate market.
Discuss an Office Acquisition or Divestment
Initial conversations are confidential and without obligation.