Standing 38 storeys tall and featuring a range of retail and entertainment areas, Tower Two adds roughly 360,000 square feet of Grade A office space to the city’s existing stock. That addition brings the total office space in the wider One Raffles Place complex to around 860,000 square feet.
“The opening of Tower Two reflects the confidence property developers see in Singapore’s economy and the important role Raffles Place plays in our commercial centre,” said Singapore’s deputy prime minister, Tharman Shanmugaratnam, according to Property Report Asia.
The original office tower at One Raffles Place was developed in the early 1990s, and the design of the newer building was focused in part on reflecting and complementing many of its architectural features. Indeed, the Japanese architect Paul Noritaka, who was principally responsible for its design, is the son of Professor Kenzo Tange, the man behind the design of the original tower.
The earlier office building has housed some of the world’s largest companies, and expectations are that its newly constructed sister development will attract a similar calibre of tenants. The tower includes all manner of environmentally friendly design and architectural features.
Developers of office space in Singapore seeking international clients must, of course, compete with rivals in their own city, those in nearby Hong Kong, and major cities across China and Japan.
Editor’s notes: The technical specification of Tower Two at One Raffles Place, which the Building & Construction Authority (BCA) awarded the Green Mark Gold Award for, can be seen here.
In September 2026, it was reported that in Q3 2026, rents for prime offices in Singapore’s Raffles Place-Marina Bay submarket rose 1.5 per cent q-o-q to an average of S$11.87 psf per month, while occupancy climbed 0.7 percentage points to 97.4 per cent over the same period.
Demand from AI companies, coupled with constrained supply of best-in-class office space, had pushed prime rents higher in the district and across Singapore’s CBD.
As of October 2026, there was a range of flexible workpsace solutions available at Tower Two at One Raffles Place from flexible office providers Regus and Spaces, including private serviced offices, large team offices and coworking desks.