The Central Business District (known as the “CBD” to locals), is located in the central region of Singapore and is the main financial and business hub of the country. Located within the larger Downtown Core planning area, the CBD area is generally demarcated by Orchard in the West, Sophia Rd to the North, Republic Boulevard to the East, and Anson to the South. The term “CBD” is commonly used to refer to the general central area of Singapore, which extends further than the actual physical definition of where the CBD is located. As the financial heart of Singapore, the CBD is home to a high concentration of local and international businesses.
On weekdays, bars and restaurants are generally frequented by the office crowd and can get very busy during after-work hours (aka Happy Hour). In contrast, there are parts of the CBD that are seemingly deserted on weekends (usually the areas with higher concentrations of office buildings) and it can be a great time to have a walk around to admire Singapore’s concrete jungle. The shopping and tourist districts within the CBD such as Orchard and Marina Bay tend to see crowds all week long.
With spectacular skylines, dazzling waterfront views, and a slew of A-list clubs, trendy bars, and fine-dining restaurants, the CBD is a prime playground for the burgeoning middle class and upper echelons of Singapore’s society. Spoiled for choice for dining and entertainment options in the area, this is where the rich and famous, young and fabulous, and more senior and wealthier members of the population can play to their hearts’ content.
We believe Singapore’s CBD Incentive Scheme will motivate several owners to convert older buildings into state-of-the-art integrated developments bringing new residents of all ages, tourists and digital nomads into the area. We are confident the initiative will uplift Singapore’s CBD and further widen our lead as a top global city for talent, companies and capital. The withdrawal of older office stock will also accelerate our decentralization strategy to enhance sustainability.