Office Tower · Raffles Place
Elevate Raffles Exchange
20 Battery Road, Raffles Place, Singapore 049907
A CBD Incentive Scheme redevelopment delivering 520,000 sq ft of Grade A strata office in the heart of Raffles Place.
Overview
The development
Replacing a 1980s office block under the URA's CBD Incentive Scheme, Elevate Raffles Exchange delivers efficient 18,000 square-foot floor plates with 2.9-metre finished ceiling heights. Strata suites from 700 square feet address the scarcest product type in the CBD: institutional-quality space in small lot sizes.
Investment highlights
- CBD Incentive Scheme redevelopment with bonus gross floor area
- Strata suites from 700 sq ft — scarcest CBD product
- Ninety seconds to Raffles Place MRT interchange
- No ABSD and no Seller's Stamp Duty on commercial
- Deepest tenant pool in Singapore
- Developer
- Elevate Properties Pte. Ltd.
- District
- District 01
- Tenure
- 99-year leasehold from 2022
- Classification
- Office Tower
- Construction stage
- Superstructure — level 27 of 40 cast
- Completion
- Q2 2027
- Total scale
- 520,000 sq ft NLA
- Price from
- S$2.42M
- Price range
- S$3,450 – S$3,720 psf
- Blended ROI
- 8.1% p.a. blended
- Rental yield
- 3.9 – 4.4%
- Capital appreciation
- 4.4% p.a. (5-year precinct average)
Construction progress
Where the build stands today
Unit types
Pricing and returns by unit
| Unit type | Floor area | Starting price | Current market | Down payment | Installments | Monthly | Rental income | Yield | Appreciation |
|---|---|---|---|---|---|---|---|---|---|
| Business Suite | 700 sq ft (65 sqm) | S$2,420,000 | S$2,530,000 | S$484,000 (20%) | 30 months to TOP | S$8,560 | S$8,300 / month | 4.1% | 4.2% p.a. |
| Executive Office | 1,830 sq ft (170 sqm) | S$6,290,000 | S$6,580,000 | S$1,258,000 (20%) | 30 months to TOP | S$22,250 | S$21,600 / month | 4.1% | 4.3% p.a. |
| Open Floor Office | 4,844 sq ft (450 sqm) | S$16,400,000 | S$17,150,000 | S$3,280,000 (20%) | 30 months to TOP | S$58,010 | S$57,600 / month | 4.2% | 4.4% p.a. |
| Full Floor Plate | 18,000 sq ft (1,672 sqm) | S$60,300,000 | S$63,000,000 | S$12,060,000 (20%) | 30 months to TOP | S$213,300 | S$214,200 / month | 4.3% | 4.5% p.a. |
| Ground Retail Space | 1,076 sq ft (100 sqm) | S$4,950,000 | S$5,180,000 | S$990,000 (20%) | 30 months to TOP | S$17,510 | S$18,300 / month | 4.4% | 4.2% p.a. |
All units are sold under the Progressive Payment Scheme. Monthly figures assume 75% financing at 3.5% over 25 years from Temporary Occupation Permit. Indicative only.
Payment plan
Progressive payment schedule
5%
Booking fee (Option to Purchase)
On reservation
15%
Exercise of Sale & Purchase Agreement
Within 8 weeks
10%
Completion of foundation works
Certified milestone
10%
Completion of reinforced concrete framework
Certified milestone
5%
Completion of brick walls
Certified milestone
5%
Completion of roofing and ceiling
Certified milestone
5%
Completion of door and window frames
Certified milestone
5%
Completion of car park, roads and drains
Certified milestone
25%
Temporary Occupation Permit (TOP)
On handover
15%
Certificate of Statutory Completion
12 months after TOP
Gallery
Renders, interiors, amenities and plans
20 professionally organised images across exterior, interior, workspace, amenities, plans and construction progress.
Amenities
Facilities
- Level 20 tenant lounge and café
- Six meeting suites available to owners
- End-of-trip facilities and bicycle hub
- Rooftop garden terrace
- Ground-floor banking hall
- Concierge and mail management
- 16 destination-control lifts
- Green Mark Platinum certification target
Location
Exact position & connectivity
Neighbourhood
What's nearby
MRT stations
- Raffles Place (NS/EW) — 2 min walk
- Telok Ayer (DT) — 6 min walk
- Clarke Quay (NE) — 9 min walk
Schools
- Singapore Management University
- River Valley Primary School
- SIM Global Education
Shopping centres
- One Raffles Place Mall
- Chevron House
- Capital Square
Hospitals
- Raffles Hospital
- Fullerton Health
- Singapore General Hospital
FAQ
Frequently asked questions
Enquire
Request the full pack
Brochure, floor plans, price list and payment schedule sent within one business day.
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