ABI Plaza in Tanjong Pagar
Singapore’s commercial property market is evolving fast—rising rents in the Core CBD are forcing businesses to explore dynamic, well-connected districts that balance cost, quality, and long-term value. Among these, ABI Plaza in Tanjong Pagar—jointly owned by Asia Green Real Estate and CapitaLand—stands out as a strategically positioned, sustainable office destination.
Shifting market in Singapore
Andrew Goodridge, Managing Partner, Asia Green Real Estate
Singapore’s expanding role as a hub for global finance and technology companies continues to drive demand for high-quality office space. In 2024, the asset management sector alone grew by 12%, according to the Monetary Authority of Singapore, while major technology firms further underscored the city’s position by securing large-scale leases in central locations. This growing demand has fueled rent increases, with Grade A offices in the Core CBD averaging S$9.86 per square foot in mid-2025, according to Savills, while vacancy rates in this segment remained tight at around 5% in the first half of 2025. Market conditions show no sign of easing, looking ahead, Cushman & Wakefield projects annual completions of Core CBD Grade A office space from 2025 to 2028 at just 0.3 million square feet—well below the historical net absorption of 0.9 million square feet over the past decade. With rising costs and constrained vacancies, businesses are reconsidering their office strategies and favoring districts offering proximity to Core CBD, accessibility, value, and strong growth potential.
Tanjong Pagar’s rejuvenation
Office availability in downtown Singapore is tightening, as older buildings undergo redevelopment under the CBD Incentive Scheme. This shift is steadily reducing the stock of office space in the area. According to JLL, new office completions will remain limited between the second half of 2025 and 2027, with only three significant projects in the pipeline. In this supply-constrained environment, Tanjong Pagar is rapidly transforming into one of Singapore’s most attractive business districts. Already home to a large working population, the area is becoming more vibrant with new cafés, restaurants, and lifestyle offerings that bring energy to the streets and appeal to talent. Looking ahead, the district’s rejuvenation will be further reinforced by the redevelopment of the Greater Southern Waterfront, which will add connectivity, amenities, and long-term vitality to the area. Situated at the heart of this transformation, ABI Plaza offers companies the opportunity to secure modern, sustainable offices in a neighborhood that is only growing more dynamic. For businesses that want to benefit from this rejuvenation without bearing the rising costs of Grade A CBD offices, ABI Plaza is a compelling choice.
ABI Plaza’s strategic address
ABI Plaza, a freehold 12-storey office building, offers proximity to the financial CBD without the escalating rental burden of Marina Bay or Raffles Place.
ABI Plaza’s lobby has been completely refurbished
“Located in Tanjong Pagar, ABI Plaza offers the convenience of being just one MRT stop from Singapore’s main financial district—close to key clients and business partners, yet free from the escalating rental pressures of the Core CBD,” said Andrew Goodridge, Managing Partner at Asia Green Real Estate.
Ms Hijanah Sahed, a tenant at ABI Plaza, added, “From the moment you step into the office lobby, a welcoming embrace envelops you, creating an ideal setting for hosting clients. The convenience of the nearby MRT and a variety of affordable dining options add an extra layer of ease.”
The building offers immediate access to transportation networks, including the upcoming Prince Edward and Cantonment MRT stations. Tenants also benefit from nearby amenities such as the 100AM shopping mall and several upscale hotels, reinforcing the building’s appeal as a strategic and convenient business address in a tightening market.
ABI Plaza’s green advantage
As sustainability remains a key success factor in long-term corporate agendas, ABI Plaza is setting a new benchmark for future-proof offices in the Tanjong Pagar area. The building is currently undergoing a comprehensive energy retrofit, integrating high-efficiency cooling systems, rooftop solar panels, and a smart building management platform for real-time energy monitoring and optimization. These enhancements are expected to reduce energy use by up to 30%—the equivalent of powering more than 140 four-room Singapore HDB flats annually—delivering direct cost savings for tenants while supporting their ESG commitments. With Green Mark Super Low Energy and EDGE Zero Carbon certifications in progress, ABI Plaza combines sustainable performance with cost efficiency, providing a compelling alternative to Grade A CBD towers, and allowing businesses to enjoy both environmental credibility and operational efficiency at competitive rents. For businesses seeking a central, connected, and future-proof office that balances value with sustainability, ABI Plaza stands as one of Singapore’s most compelling addresses today.
