Singapore Office News Weekly

Leasing has officially started at One Comcentre, the redevelopment of Singtel’s former headquarters in Somerset.

The mixed-use project is targeted for completion by the end of 2028 and is positioned as a new Grade A office option in the Orchard area.

Key Details

• Twin 20-storey towers
• More than 1 million sq ft of total gross floor area
• Approximately 80% of the development allocated to workplaces
• Office floor plates of around 25,000–27,000 sq ft
• Fully sheltered access to Somerset MRT
• Retail, dining, wellness and community spaces
• An elevated public park spanning close to one hectare

Singtel will be the anchor tenant, occupying approximately 30% of the total space, including its flagship retail store. Around 70% will therefore be available to other occupiers.

More than 30 prospective tenants, mainly office occupiers, had reportedly approached the developers before the formal leasing launch.

Why Does This Matter for Occupiers?

One Comcentre adds a major future option for companies considering Orchard alongside the traditional CBD.

Its large floor plates may suit substantial occupiers looking to consolidate teams within the same building.

The direct MRT connection and surrounding Orchard amenities could also help businesses improve staff convenience and workplace experience.

International Workplace Group has introduced two additional flexible-workspace brands in Singapore.

OpenOffice originated in Japan, while HQ originated in the United States. Both brands are now owned and operated by IWG.

With these additions, IWG now has:

• Six flexible-workspace brands in Singapore
• 25 co-working locations
• Other brands including Regus, Spaces, Signature and No.18
• Occupancy approaching 80% across its Singapore locations

Around 65% of IWG’s Singapore clients are multinational companies. Many of its occupiers come from the technology, artificial intelligence and finance sectors.

Singapore’s third-party flexible-workspace stock has grown from approximately 2.1 million sq ft in 2017 to 4.6 million sq ft as at September 2026, according to JLL Research.

Why Does This Matter for Occupiers?

Flexible-workspace choices are expanding beyond conventional Grade A CBD towers.

Businesses can now compare a wider variety of locations, building types, office sizes and service levels.

A serviced office can help a company:

• Move in more quickly
• Reduce upfront fit-out expenditure
• Start with a smaller team
• Adjust its space as headcount changes
• Avoid committing immediately to a long conventional lease

However, pricing, room sizes, facilities, inclusions and contract terms can vary considerably between operators.