The CBD comprises the Raffles Place/New Downtown, Shenton Way/Tanjong Pagar, City Hall/Marina Centre, Orchard and Bugis/ Beach Road micro-markets.
In Singapore, prime offices in good location that can be individually owned is as scarce as hen’s teeth. Hence, planning for new growth commercial cluster area like Jurong Lake District and Paya Lebar Central is aimed to complete by 2030 to help ease the demand for office.
While waiting for the supply to increase overtime, if you are a buyer or tenant considering office space, you will find that office buildings are generally classified by Grade A, Grade B, or Grade C. Although there is no definitive specifications for classifying an office building by their grades, but in the general characteristics of each grade are as follows:
- The Premium Grade office buildings are new buildings with the highest quality specifications in the Raffles Place/New Downtown area.
- The Grade A office buildings are good-quality buildings with well sought-after specifications in strategic locations that are well served by amenities and transport nodes. These are the cream of the crop and location is definitely an important factor for its Grade A status. Generally:
The facade of the building is grand, spacious and comes with high ceiling.
The lobby will be equipped with modern and high quality finishes, together with tight security at reception or card access provided.
Good accessibility by public transport is a must. High standard of fire safety must be met and approved by the authority.
The lifts will be specifically zoned for passengers usage and service lift. To upkeep and maintain the premises at tip top condition, it has to be professionally managed. Offices will be well circulated with centralized air-conditioning.
Flexible layout with large floor plates for effective usage of different business needs.
Amenities like restaurants, banks and shopping malls are usually found nearby or on-site.
- The Grade B office buildings are average quality buildings in locations that are reasonably served by some amenities and transportation nodes. These offices are slightly older and not as modern looking as Grade A offices. However, they do have quality management and adequate lift services. Security may not be as tight as Grade A offices and infrastructure may be wore out over time. Major upgrading or facade makeover and common area improvement works can be done for such building to regain its beauty and increase the value of the property.
- Other Grades refer to the remaining office space in Singapore which is not included in the Premium Grade, Grade A and Grade B categories.These offices are located at less desirable location and usually more than 30 years old.
Infrastructure and technology are out dated and lifts are normally slow and small.
Lobby have lower ceiling height and comes with very little security. Generally without centralized air-conditioning.
Smaller floor plates and lesser flexibility in its layout affects the functionality and effectiveness of business usage.