SINGAPORE

 

One Raffles Place

 

One Raffles Place, comprising One Raffles Place Tower 1, One Raffles Place Tower 2 and One Raffles Place Shopping Mall, is a prominent, iconic integrated commercial development with Grade A building specifications strategically located in the heart of Singapore's main financial district Raffles Place.

One of the tallest buildings in the Singapore CBD, One Raffles Place Tower 1 comprises a 62-storey Grade A office building, with a rooftop restaurant and observation deck offering panoramic views of the city skyline.

One Raffles Place Tower 2 is a 38-storey Grade A office completed in 2012, awarded the Platinum Green Mark Award by the Building and Construction Authority for its energy efficiency and environmentally sustainable design.

Offering a diverse range of shopping, dining and leisure options which cater to the needs of the working population in the CBD, One Raffles Place Shopping Mall is a six-storey retail podium that has undergone extensive refurbishment works which were completed in May 2014. It is currently the largest purpose-built shopping mall in Raffles Place.

Situated above and with a direct underground link to the Raffles Place MRT interchange station through the basement of its retail podium, One Raffles Place enjoys excellent connectivity along the North-South and East-West MRT lines, as well as easy accessibility to other developments within Raffles Place as well as Marina Bay.

     
Title   One Raffles Place Tower 1: 841-year leasehold title commencing 1 November 1985
One Raffles Place Tower 2: 99-year leasehold title commencing 26 May 1983
One Raffles Place Shopping Mall: The retail podium straddles two land plots –
 
  • approximately 75% of the retail podium net lettable area is on a 99-year leasehold title commencing 1 November 1985
  • the balance 25% is on the 841-year leasehold title commencing 1 November 1985
Gross Floor Area (sq m)   Approximately 119,626.3
Attributable Net Lettable Area (sq m)   One Raffles Place Tower 1: 29,045.0
One Raffles Place Tower 2: 27,045.0
One Raffles Place Shopping Mall: 9,500.0
Overall: 65,590.0
Committed Occupancy (%)   93.0% 1
Valuation (S$)   1,738.3 million 2
Location   1 Raffles Place, Singapore
Ownership Interest   83.33% interest in OUBC Limited, which owns 81.54% beneficial interest in One Raffles Place
     

1 As at 31 December 2016
2 Based on valuation of OUBC Limited’s 81.54% beneficial interest in One Raffles Place as at 31 December 2016