Ready commercial · Completed 2021
Elevate Marina Financial Centre
18 Marina Boulevard, Singapore 018980
A 42-storey Grade A tower at the heart of the Marina Bay financial district, fully operational with 97% committed occupancy and blue-chip banking tenants.
Building overview
The asset
Elevate Marina Financial Centre anchors the Marina Boulevard frontage with 780,000 sq ft of net lettable area across 42 storeys. Column-free floor plates of 24,000 sq ft, 3.2m finished ceiling heights and a triple-glazed low-E curtain wall deliver institutional-grade specification. The tower is directly connected to the Marina Bay MRT interchange via a sheltered basement link and to the Marina Bay Link Mall retail network. Strata office floors are available for immediate income, with no Additional Buyer's Stamp Duty payable by foreign investors on commercial assets.
Investment highlights
- Immediate rental income from day one — no construction risk
- No ABSD payable by foreign buyers on commercial property
- Weighted average lease expiry of 4.2 years across the tower
- Rental reversions of 8–11% achieved on 2025 renewals
- Strata title with full foreign ownership permitted
- Developer
- Elevate Properties Pte. Ltd. with Frasers Property
- District
- District 01 — Marina Bay
- Classification
- Grade A (BCA Green Mark Platinum)
- Completion year
- 2021
- Tenure
- 99-year leasehold from 2016
- Occupancy rate
- 97%
- Price from
- S$5.92M
- Average pricing
- S$3,200 – S$3,400 psf
- Rental yield
- 4.1 – 4.3% gross
- ROI
- 8.9% p.a. blended (income plus appreciation)
Specifications
Building specifications
Net lettable area
780,000 sq ft
Storeys
42 above ground, 4 basement
Typical floor plate
24,000 sq ft column-free
Ceiling height
3.2m finished
Lifts
18 destination-control passenger, 2 service
Power provision
150 VA/sqm with N+1 standby generator
Air-conditioning
VAV, 07:00–20:00 with 24/7 zoned extension
Green certification
BCA Green Mark Platinum, LEED Gold
Raised floor
150mm throughout
Security
Turnstile access control, 24/7 manned lobby
Availability
Office sizes, pricing and yield
| Office size | Available units | Starting price | Current market price | Monthly rent | Gross yield |
|---|---|---|---|---|---|
| 1,850 sq ft half-floor suite | 6 units | S$5.92M | S$6.29M | S$20,350 / month | 4.1% |
| 3,700 sq ft office | 4 units | S$11.84M | S$12.58M | S$40,700 / month | 4.1% |
| 6,200 sq ft office | 3 units | S$19.84M | S$21.08M | S$69,750 / month | 4.2% |
| 12,000 sq ft half floor | 2 units | S$38.40M | S$40.80M | S$135,000 / month | 4.2% |
| 24,000 sq ft full floor | 1 unit | S$76.80M | S$81.60M | S$272,400 / month | 4.3% |
Rents shown are gross of service charge and reflect current in-place or market-tested levels. Figures are indicative demonstration data and not a guarantee of future performance.
Tenancy
Occupancy and major tenants
97%
Committed occupancy
Blended rental yield of 4.1 – 4.3% gross with a total blended return of 8.9% p.a. blended (income plus appreciation).
- Regional headquarters of a European private bank
- Global commodities trading house
- Big Four professional services firm (three floors)
- International law firm
- Family office and wealth management suites
Gallery
Exterior, lobby, floors and facilities
20 images covering the exterior, lobby, reception, office floors, meeting rooms, business lounge, building facilities and floor plans.
Amenities
Building amenities
- Double-volume arrival lobby with concierge
- Level 8 business lounge and members' club
- Six bookable meeting and boardroom suites
- End-of-trip facility: 220 lockers, 24 showers
- Rooftop sky terrace and event deck
- Fitness centre operated by a premium club operator
- Food hall and three signature restaurants
- Full-service business centre and mail room
Location
Exact location
Access
Parking, transport and MRT
Parking
- 612 car park bays across four basement levels
- 48 EV fast-charging bays (60kW)
- Season parking from S$420 per bay per month
- Valet service on levels B1 and B2
- 180 bicycle bays with secure access
Transportation access
- Sheltered basement link to Marina Bay MRT interchange
- Four minutes to Marina Coastal Expressway (MCE)
- 20 minutes to Changi Airport by expressway
- Bus interchange and taxi stand at street level
- Waterfront promenade connection to Marina Bay Sands
Nearby MRT stations
- Marina Bay (NS/CC/TE) — 2 min
- Downtown (DT) — 6 min
- Shenton Way (TE) — 8 min
- Raffles Place (NS/EW) — 10 min
Analysis
Professional investment analysis
- 01
Marina Bay Grade A rents have compounded at 5.4% per annum since 2021 while new CBD supply remains below 300,000 sq ft annually through 2028, supporting continued reversionary upside on renewal.
- 02
At S$3,200 psf, entry pricing sits roughly 12% below comparable en-bloc transactions on Marina Boulevard, implying a valuation cushion on exit.
- 03
A 60% loan-to-value facility at 3.6% produces a cash-on-cash return of approximately 5.4% before appreciation, given the 4.2% average gross yield.
- 04
Tenant covenant strength is high: 68% of income is from financial institutions and listed corporates with parent-level guarantees.
Enquire
Request the investment pack
Rent roll, tenancy schedule, service charge budget, valuation summary and floor plans.
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