Shenton Way & Tanjong Pagar is a prime-tier Class A submarket of Singapore with average asking rent around S$11.5/sqft/mo · ≈ $102 PSF/yr USD.
Resurgent southern CBD. · Tier: prime · Avg rent: S$11.5/sqft/mo · ≈ $102 PSF/yr USD
Shenton Way and Tanjong Pagar are mid-cycle through a major repositioning. The Skywaters Residences / IOI Central Boulevard Towers axis combined with Guoco Tower has lifted the sub-market into upper Grade A territory.
Energy and shipping HQs, professional services, technology platforms.
20-40,000 sqft floor plates, BCA Green Mark Platinum standard for new build.
Tanjong Pagar MRT (EW), Maxwell MRT (TE).
Strong MRT coverage; close to ECP for Changi-bound traffic.
Maxwell Hawker Centre, Tanjong Pagar dining, Wallich amenities.
Shenton Way & Tanjong Pagar is one of 6 Class A submarkets we cover in Singapore, classified as prime tier with an average asking rent around S$11.5/sqft/mo · ≈ $102 PSF/yr USD. Compared with the broader Singapore Class A stock, Shenton Way & Tanjong Pagar typically attracts Energy and shipping HQs, professional services, technology platforms and competes most directly with the city's other prime submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Shenton Way & Tanjong Pagar: Marina Bay, Raffles Place, Orchard, One-North. The full Singapore submarket atlas is at /cities/singapore.
For an institutional Class A occupier evaluating Shenton Way & Tanjong Pagar, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Singapore Class A leasing and to the prime tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.