Empress Map 30Jul20

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COLEMAN ST THE TREASURY HIGH STREET HILL STREET HILL STREET SUPREME COURT PADANG HIGH STREET NATIONAL SUPREME COURTGALLERY LANE CENTER NORTH BRIDGEPARLIAMENT ROAD PLACE OF SINGAPORE ESPLANADE ST.ANDREW’S ROAD PARK SINGAPORE CRICKET CLUB CONNAUGHT DRIVE RIVERWALK PARLIAMENT HOUSE THE ARTS HOUSE SIR STAMFORD VICTORIA RAFFLES STATUE THEATRE/ CONCERT HALL EMPRESS PLACE ESPLANADE BRIDGE ASIAN CIVILISATIONS MUSEUM ANDERSON BRIDGE ANDERSON BRIDGE SOUTH BRIDGE ROAD SINGAPORE RIVER ESPLANADE BRIDGE MERLION MUSEUM ENTRANCE MUSEUM ENTRANCE BOAT QUAY CIRCULAR ROAD FULLERTON LORONG TELOK NORTH CANAL ROAD CAVENAGH HOTEL BRIDGE FULLERTON SQUARE BOAT QUAY MAYBANK CHULIA STREET SIX BATTERY ROAD UOB PLAZA RAFFLES PLACE ONE FULLERTON OCBC LAND TOWER CENTER BATTERY ROAD SINGAPORE FULLERTON ROAD PARKING LAND TOWER Parking FULLERTON ROAD • Valet services are available on Fridays & Saturdays from 6pm to 11pm (to access, approach via Anderson Bridge and turn into Empress Place Taxi & Car Pick-Up/Drop-Off Point Alternate Taxi & Car Pick-Up/Drop-Off Points • National Gallery Carpark or The Adelphi Carpark MRT Raffles Place Station, Exit H (Exit via North Bridge Road stairs, 5 min stroll along the Bus Stop Singapore River bank) Valet Services • Six Battery Road (formerly Standard Chartered Building) (4 min walk) Restricted Access Road • Fullerton Hotel/One Fullerton carpark (3 min walk) Walking Routes (Fullerton Hotel also provides their own valet services) EMPRESS Mondays to Fridays Lunch: 11.30am - 3pm (last order 2.30pm) TAXI & CAR PICK-UP/ DROP-OFF POINTS Dinner: 6pm - 10.30pm (last order 10.00pm) • The Arts House At The Old Parliament, 1 OLD PARLIAMENT LANE 179429 (1 min walk) Saturdays & Sundays Lunch: 11am - 4pm • Fullerton Hotel (3 min walk) (A la carte last order at 2.30pm. Dim Sum Brunch last order at 3.30pm) Taxis are available at Fullerton Hotel Taxi Stand & can also be Dinner: 6pm - 10.30pm (last order 10pm) pre-booked by EMPRESS for pick-up at the main Taxi Pick-up/Drop-off Point PUBLIC TRANSPORT EMPRESS is located at the former IndoChine location MRT @ Raffles Place Station, Exit H (5 min walk).

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POISED for a GRADUAL RECOVERY Senior Associate Director | Research | Singapore +65 6531 8567 [email protected]
COLLIERS QUARTERLY OFFICE | SINGAPORE | RESEARCH | Q4 2020 | 14 JANUARY 2021 Shirley Wong POISED FOR A GRADUAL RECOVERY Senior Associate Director | Research | Singapore +65 6531 8567 [email protected] Tricia Song 2021–25 Director and Head | Research | Insights & Q4 2020 Full Year 2021 Annual Average Singapore > CBD Grade A office showed resilience with +65 6531 8536 Recommendations [email protected] 336,900 sq ft net absorption in 2020 despite CBD Grade A rents declined 2.1% GDP contraction of 5.8%, driven by previous QOQ in Q4 2020 and 5.4%* for Demand flexible workspace commitments. In 2021, -59,600 sq ft 787,900 sq ft 894,000 sq ft the full year to SGD9.57 (USD7.24) we expect technology to drive demand. per sq foot, on weak global > We expect relatively muted CBD Grade A economic conditions. We forecast supply in 2021-2022, with annual expansion rents to grow 5.5% by the end of averaging 2.6% of stock versus 4.7% for the 0 sq ft 783,900 sq ft 883,000 sq ft 2021, on an eventual economic Supply last five years. 2023 should see higher supply rebound and benign supply. at 4.5% of stock. We forecast new demand in 2021 Annual Average to be driven by the technology QOQ / YOY / Growth 2021–25 / End Q4 End 2021 End 2025 sector. Meanwhile, Q4 2020 CBD > CBD Grade A rents declined 2.1% in Q4 2020 Grade A vacancy of 5.2% (+1.8pp 1.0pp-2.1%* +3.7% and 5.4%* for the full year to SGD9.57 5.5% YOY) could tighten over the next (USD7.24) per sq foot.
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