District 02
Tanjong Pagar
The CBD's live-work-play frontier
Overview
Precinct overview
Tanjong Pagar blends conserved shophouse heritage with Singapore's tallest residential towers. The Greater Southern Waterfront transformation — releasing 30 kilometres of coastline and land six times the size of Marina Bay — makes this the CBD's most compelling long-term appreciation story.
Investment advantages
- Greater Southern Waterfront redevelopment adjacency
- Strong young-professional rental catchment
- Mixed heritage F&B and Grade A office within one precinct
- Direct Circle and East-West Line connectivity
Market performance
Current indicators
- Residential median
- S$2,760 psf
- Grade A office rent
- S$10.80 psf/mo
- Occupancy
- 94.6%
- Gross rental yield
- 3.4 – 3.9%
Residential median: +6.0% year-on-year
Grade A office rent: +3.1% year-on-year
Occupancy: Office
Gross rental yield: Residential
Rental demand
Highest tenant turnover velocity in the CBD; studio and one-bedroom apartments average eleven days on market.
Office demand
Technology, fintech and professional services tenants favour the precinct for cost-efficient Grade A space adjacent to Raffles Place.
Residential demand
New launches in Tanjong Pagar have averaged 78% sell-through within the first launch weekend over the past two years.
Connectivity
Infrastructure & transportation
Infrastructure
- Greater Southern Waterfront master plan
- Tanjong Pagar Centre integrated development
- Ayer Rajah Expressway access
- Conserved shophouse F&B belt
MRT connections
- Tanjong Pagar (EW)
- Maxwell (TE)
- Shenton Way (TE)
- Outram Park (EW/NE/TE)
Business districts
- Tanjong Pagar Centre
- Anson Road
- Keppel Road
Current developments
- Elevate Pagar Residences
- Elevate Anson Business Suites
Featured projects
Developments in Tanjong Pagar
Tanjong Pagar · District 02
Elevate Pagar Residences
A 44-storey tower of 372 residences above a conserved shophouse F&B podium, minutes from the Greater Southern Waterfront.
- From
- S$1.24M
- Yield
- 3.5 – 3.9%
- Completion
- Q1 2028
Tanjong Pagar · District 02
Elevate Anson Business Suites
168 boutique strata business suites and ground-floor retail units at the southern edge of the CBD.
- From
- S$1.48M
- Yield
- 4.1 – 4.6%
- Completion
- Q4 2026