If you’re done with the initial process of company incorporation and already decided on the business space option for your business, it is now time to look for the perfect corporate address. Customer-facing enterprises’ success will hinge partly on picking the optimal location for renting an office.
This article lists the most prominent office locations in Singapore.
#01 – Raffles Place Area
Located on the South bank of the Singapore River and at proximity to the Singapore Exchange, Raffles Place area is likened to Wall Street of New York. It is the most sought after location in Singapore for leasing office space by financial institutions like banks, insurance companies, professional service firms, recruiting firms, and serviced offices. This area boasts of the highest concentration of Grade A skyscrapers offering an amazing view of the Marina Bay and Singapore River. Its convenient location in the CBD means it is well connected with an MRT station and bus services that connect to various parts of Singapore. Monthly rent for one person for a serviced office here is from S$500 upwards, virtual office at S$40 and up, while conventional office for premium buildings range at $10-$20 per sq ft.
#02 – Marina Bay Area
Marina Bay has a mix of residential and commercial buildings, business hubs, entertainment centers, and hotels allowing for a gamut of activities. Tenants looking for premium office spaces can choose from Marina One, Marina Bay Financial Centre, Asia Square and One Raffles Quay. These are the most sought-after office space for global investors and multinational corporations. Residents, tourists, and office workers can use the four MRT stations in the area and multiple bus services. Cheapest leasing for serviced offices is around S$800 per person per month while a virtual office is at S$158.
#03 – Tanjong Pagar/ Anson Road Area
Tanjong Pagar along Anson Road is in the West side of Singapore’s CBD. The area is an eclectic mix of modern residential buildings, preserved shophouses converted to pubs and restaurants, hotels, renovated office buildings as well as Grade A office buildings. Some Singapore government institutions are housed here. This area is a popular choice among advertising firm, media, real estate, consulting firms, accounting, trading, and shipping companies. Shipping companies prefer this location because of its proximity to the wharf. Tanjong Pagar MRT station and various bus services serve the office buildings in this location. Serviced office along Anson Road starts at S$380 per month for one person while a virtual office is at S$20.
#04 – Orchard Road Area
Better known as a shopping district, the area on Orchard Road does not only house major retail stores, entertainment, and hotels, but also fast gaining popularity for renting office space. It is becoming a popular choice among companies because of the convenience, available infrastructure, foot traffic, and prestige of the area. Some notable buildings include Ngee Ann City Tower A & B, Wheelock Place, Wisma Atria, The Atrium@Orchard, Shaw House, Paragon Tower, Orchard Building, The Heeren, and Winsland House I and II. If your business is in retail or marketing, this is a good location to consider. Monthly office lease in this area starts at S$450 per person while a virtual office is peg at S$30.
#05 – Shenton Way Area
Located between Tanjong Pagar and Raffles Place, Shenton Way prides itself on its historical significance. It was in the 70s when government offices and major commercial landmarks were erected there. Currently, this area has a mix of residential apartments, and both old and new office buildings. This area is also popular for the shipping and trading sector, business service sector, marketing and advertising agencies, and real estate firms. Some of the popular office building found in this area includes SGX Centre, Capital Tower, UOE Downtown, Hong Leong Building, GB Building, Robinson Point, and Capital Square. There are four MRT stations and various bus routes that service this area. Price points for a serviced office start around S$600 monthly, while a virtual office is at S$55.
#06 – River Valley
In between Raffles and Orchard Road area is the River Valley that has grown to become a bustling commercial and retail area in Singapore. Besides commercial office spaces, it has retail, residential, shopping, and entertainment facilities. Some notable buildings in River Valley include Central Square, Great World City, Central Mall, and UE Square. Some Serviced office offers monthly leasing at S$500 per person while virtual offices start at S$55.
#07 – Suntec City
Suntec City located at the downtown core of Singapore boasts of five office towers, one of the largest shopping malls, and the Suntec Singapore International Convention and Exhibition Centre. This location is popular among the IT, media, marketing, serviced offices, law firms, and technology sector. The cheapest serviced office offers a monthly rate of S$500 per person while a virtual office will cost you S$40.
If you still can’t decide on the best location for your business, you can hire a company incorporation services to help you determine the best options and even help you out in negotiating your lease. Corporate Services Singapore offers wide-array of services Singapore company incorporation to advisory services that will help you adopt best corporate practices fit to your business.