Office Rental

Perks and Downsides to working in Serviced Offices at Raffles Place Singapore

By March 24, 2019 No Comments

Raffles Place is one of the most unique and iconic landmarks of Singapore. Any memorabilia from Singapore that has tall buildings is likely to be Raffles Place. It has a rich history, having started its journey in 1820 as a commercial hub.

Even after 200 years, it still is a commercial hub with the largest corporations present in the area.

Some of the top commercial buildings in Raffles Place are UOB Plaza, which is the headquarters of United Overseas Bank, it’s the second largest building in Singapore. One Raffles Place is another commercial hub in Raffles Place.

The other mentionable skyscraper is the Republic Plaza which is known for its tapered design that protects the building against strong winds. The triumvirate of UOB Plaza, One Raffles Place and Republic Plaza represent Raffles Place well and they form one of the most in-demand central business districts, not only in Singapore but all around the world.

Perks of working in Raffles Place

Prestige

Many people might deny it, but they think it in their minds. If you work in Raffles Place, you are held in high esteem. Generally, if you work in Raffles Place, you have “made it”. It is a matter of reputation for most people.

Access to high-end shops and restaurants

Raffles Place has some of the best high-end restaurants and shops in the locality. As shop owners know, that this area breathes and speaks money, they bring the best of cuisines and the best of products from all around the world.

Having said that, there are affordable restaurants like Osteria Art. From French to Japanese Cuisine, quaint coffee shops and glaring restaurant bars like Kinki, Raffles place has it all.

The best business lunches can be had at Raffles place due to its proximity to the work buildings and the offerings they have.

Bustling

Singapore itself can be considered bustling, as there are many people in a tiny country. But there are quite a few people who enjoy the rat race and the hustle and bustle. Raffles Place is in the centre of all the action and considering it is filled with finance and banking companies, it is the hub of all commerce.

For young couples who love the grind and who like to inspire themselves by seeing other highly competitive people, Raffles place is the place!

Perfect for Banking

If you are in the banking industry, then Raffles Place is your mecca. The CBD is filled with numerous banking and finance companies. This area attracts the best talent. So if you are looking for a career in banking with numerous opportunities close by, then Raffles Place is where you should be.

MRT and Connectivity

Most of Singapore is well connected through the MRT and Raffles Place is no different. Its one of the busiest MRT’s in Singapore. Most people can access landmarks such as Raffles Place Park, Merlion Park, Downtown Core through the MRT.

For people who live away from Raffles Place, just need to hop on to the closest Metro station to get to work.

Hawker Centres

Let’s not beat around the bush, Raffles Place is expensive and one cannot afford to eat $20 Pasta’s every day. Sometimes we need simple, fast and cheap food that is accessible from the office. Raffles Place is adorned with hawker centres close by.

Some of the popular ones are Lau Pa Sat Festival Market, Maxwell Road Hawker Centre.

Great for business

If you run a business at Raffles Place, it is great for business. The rental may be sky high, but your business will be booming as the footfall is immense and the purchasing power is even better. For businesses that are in the service sector, having a Raffles Place address will give you an added advantage because of the address. It’s considered reputable to have an office at Raffles Place and businesses here are generally considered successful.

Downsides to Working in Raffles Place

We have seen the positives of Raffles Place, let’s see the downsides.

Expensive

This is so obvious, that one doesn’t have to mention it. Raffles Place is one of the most expensive localities not only in Singapore but in all of the world. It is literally impossible to afford an apartment here for normal folk. With billionaires having houses here, it’s very unlikely to get a place to live in or buy here.

This attitude of high price seeps into other aspects of working here such as expensive clothing and cars. So for people who like the simple life and to keep the expenses low, Raffles Place will not help with that.

Crowded

The most crowded MRT in Singapore is at Raffles Place. This will give you an idea of how crowded it s. Not only the MRT, but the roads are also chock o block and bustling with people. It is hard to get some peace and quiet here and for people who hate the hustle and bustle, Raffles Place will make things worse.

Competitive

Singapore itself is a highly-competitive country, on top of that Raffles Place is filled with people who are competitive and are making their way to the top. This makes it a highly competitive environment and is not easy to have a simple 9 to 5 desk job with no pressure. By the way average working hours for Singapore employees is 45.6 hours according to this article.

Only Banking

Considering banking companies throng Raffles Place, there isn’t much place for any other type of businesses. This means if you love working in Raffles Place and you are in a non-banking job, it is highly unlikely you’ll find another company that works out of Raffles Place. This makes this area one-sided with no mix of people from various industries.

Have to travel to work

Considering the price is too much to live here. Most professionals have to commute from other parts of the city to Raffles Place. For people who want to avoid the commute, this will be hard to do.

Our government is trying to improve the transportation according to this article here – Peak-hour commutes of no more than 45 minutes by 2040.

Working in Raffles Place – Conclusion

Raffles Place is not for everybody. Its crowded, expensive and competitive, but it also has vivaciousness that a lot of people enjoy.

We work with a number of Serviced Office Operators whom have attractive office space rental at awesome prices. Some comes with splendid views. If you are keen, drop us a buzz. Happy to show you around.

Read also:

Serviced Office Rental Cost in Singapore

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