The last freehold office floor at 108 Robinson Road in Singapore’s Raffles Place financial district is now available for purchase through an Expression of Interest (EOI) exercise, closing on 22 April 2026. This marks a rare opportunity to acquire a freehold strata floor in a market where such offerings are increasingly scarce due to Urban Redevelopment Authority (URA) restrictions introduced in 2022.
Acquired by PGIM’s real estate business in 2021, the 12-storey building underwent a comprehensive Asset Enhancement Initiative, completed in 2023. The upgrades included modern mechanical and electrical systems, a new glass façade with solar panels, and a refreshed lobby, earning it the BCA Green Mark Platinum certification. The building’s modernisation aligns with current occupier expectations for ESG compliance and high specifications.
In June 2025, three premium floors were sold for a combined S$55.8m, setting a pricing benchmark. The final floor, priced at S$16.2m, is currently leased to a blue-chip serviced office occupier, offering immediate rental income and flexibility for future occupation. The floor comes fully fitted, minimising additional capital expenditure for new owners.
Yap Hui Yee, Executive Director at Savills Singapore, highlighted the strong demand driven by the building’s freehold tenure and efficient layouts. “The earlier transactions established clear benchmarks within the building. This final floor benefits from that price discovery and is being offered at a compelling entry point,” she stated.
The building hosts a diverse mix of international and regional occupiers, including companies like Singlife and Cheque Point. As Singapore continues to serve as a regional headquarters hub, demand for well-located, modernised office assets remains robust.
