District 07
Bugis
The city fringe's creative and civic quarter
Overview
Precinct overview
Bugis sits at the intersection of the CBD, the civic district and the arts and heritage belt. Four MRT lines converge within walking distance, and the precinct's mix of creative industry tenants, universities and hotels supports one of the most diversified rental catchments in Singapore.
Investment advantages
- Four MRT lines within a ten-minute walk
- Diversified tenant base across creative, education and hospitality
- City-fringe pricing with CBD walkability
- Strong short-lease and serviced-apartment demand
Market performance
Current indicators
- Residential median
- S$2,540 psf
- Office rent
- S$9.20 psf/mo
- Occupancy
- 94.9%
- Gross rental yield
- 3.6 – 4.1%
Residential median: +5.6% year-on-year
Office rent: +3.4% year-on-year
Occupancy: Office
Gross rental yield: Residential
Rental demand
Consistent demand from creative professionals, academics and hospitality management.
Office demand
Media, design and education occupiers favour Bugis for character stock and connectivity.
Residential demand
New launches in District 07 have historically absorbed within two quarters.
Connectivity
Infrastructure & transportation
Infrastructure
- Bugis MRT interchange (EW/DT)
- Kallang–Paya Lebar Expressway
- Bras Basah arts and heritage district
- Singapore Management University campus
MRT connections
- Bugis (EW/DT)
- Rochor (DT)
- Bencoolen (DT)
- Esplanade (CC)
Business districts
- Bugis Junction
- Beach Road
- Bras Basah
Current developments
- Elevate Bugis Central