Singapore office market · Weekly briefing

Singapore Office News Weekly

5–11 October 2026

By Chong Kok Peng, Serviced Office Advisor
Published 11 October 2026

Referenced LinkedIn posts: View post 1 ↗ · View post 2 ↗

This week in 30 seconds

2 stories to explore

This week’s key figures

Investment and future supply

One Raffles Place indicative value: S$2.3–2.4 billion · market estimate, not an agreed sale price
Valley Point existing office area: ≈179,350 sq ft · net lettable area
Valley Point expected closure: 31 Mar 2027 existing operations expected to cease

Sources: The Business Times, 8 October 2026; Frasers Property, 30 September 2026. Office area: Frasers Property’s portfolio figures updated 30 September 2024. These figures describe separate developments; they are not rental quotes or occupied-space estimates.

This week’s stories

Key facts first. Full reporting below.

Investment market · Raffles Place

One Raffles Place: Exclusive Sale Talks, No Binding Deal Yet

One Raffles Place sale talks with IOI Properties and CapitaLand Investment; no binding agreement, with an indicative S$2.3–2.4 billion market estimate

View full image ↗

OUE REIT confirmed exclusive discussions with entities linked to IOI Properties and CapitaLand Investment. Negotiations and purchaser due diligence remain ongoing.

Indicative value: S$2.3–2.4 billion
Transaction status: No binding agreement

Read the full story

The Business Times reported on 8 October that a joint bid by IOI Properties and CapitaLand Investment had moved into exclusive due diligence. Final sale terms were still being discussed.

The S$2.3–2.4 billion range is an indicative market estimate. OUE REIT said a transaction might not proceed.

One Raffles Place contains two office towers and a retail podium. IOI’s chief executive described an initial intention to improve the retail tenancy mix if the acquisition succeeds.

What should office tenants consider?

Separate a proposed transaction from a completed sale.
Follow official updates on ownership and any announced works.
Compare renewal and relocation options against your lease expiry and business needs.

Source: Jeanne Mah, The Business Times, 8 October 2026.

Read the report on One Raffles Place sale discussions →

Redevelopment · River Valley

Valley Point Redevelopment: Around 179,350 Sq Ft of Offices to Leave the Market

Valley Point redevelopment: approximately 179,350 sq ft of existing office net lettable area, expected closure on 31 March 2027 and no replacement office component announced

View full image ↗

Frasers Property and Mitsubishi Estate plan to redevelop Valley Point and Fraser Suites Singapore. Existing operations are expected to cease on 31 March 2027.

Existing office NLA: ≈179,350 sq ft
Expected completion: 2031

Read the full story

The redevelopment was announced on 30 September. The partners formed a 51:49 joint venture for a 999-year mixed-use riverfront project in District 10.

The announced scheme includes approximately 407 homes and sky villas, a 184-unit Fraser Suites serviced residence, and dining, retail and lifestyle uses. Launch is targeted for 2027, with completion in 2031.

No replacement office component was announced in the published scheme.

Understanding the office-space figure

Frasers Property lists Valley Point’s office net lettable area as 179,350.5 sq ft, with the portfolio figures updated on 30 September 2024. The rounded figure describes existing office stock; it does not mean that all of that space is occupied or that every tenant needs an equivalent replacement area.

Planning the next move

Confirm your tenancy end date and the landlord’s timetable.
Compare locations, staff access and total relocation costs.
Allow for fit-out, approvals and operational continuity.
Consider a serviced office if your next permanent premises will not be ready in time.

These are leasing considerations, rather than a forecast of a specific rental increase.

EdgeProp Singapore redevelopment report, 30 September 2026 →

Frasers Property and Mitsubishi Estate announcement, 30 September 2026 →

Frasers Property: Valley Point office NLA, updated 30 September 2024 →

More weekly editions

View the archive →

28 September–4 October 2026

Prime Rents Rise, One Comcentre Leasing Starts and IWG Expands

Read this edition →21–27 September 2026

Anthropic Expands and Newport Tower Adds Future Office Supply

Read this edition →

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