Location and Accessibility
160 Paya Lebar Road 04 02 is a prime commercial building strategically located in the Paya Lebar Central business district. It is easily accessible by public transportation, with Paya Lebar MRT station just a short walk away and numerous bus services operating in the area.
Building Features
The building boasts state-of-the-art facilities and amenities, catering to the needs of modern businesses. It features:
- 16 stories of Grade A office space
- Total floor area of approximately 270,000 square feet
- Floor-to-ceiling windows offering panoramic city views
- Advanced air-conditioning and ventilation systems
- 24-hour security and surveillance
- High-speed internet and telecommunication infrastructure
- Ample parking space
Sustainability and Green Initiatives
160 Paya Lebar Road 04 02 is committed to environmental sustainability and has been awarded the Green Mark Platinum certification by the Building and Construction Authority (BCA) of Singapore. Its green initiatives include:
- Energy-efficient lighting and appliances
- Water-saving fixtures and fittings
- Motion sensors to optimize energy consumption
- Waste management and recycling programs
- Green landscaping and rooftop gardens
Tenants and Occupants
160 Paya Lebar Road 04 02 is home to a prestigious list of tenants from various industries, including:
- Financial and banking institutions
- Multinational corporations
- Technology and software companies
- Legal and professional firms
- Healthcare providers
- Government agencies
Economic Impact
The building’s presence has had a significant impact on the local economy, creating jobs and stimulating growth in the Paya Lebar Central area. According to a study by the Singapore Business Federation, 160 Paya Lebar Road 04 02 contributes approximately SGD 1 billion annually to the city-state’s GDP.
Rental Rates and Availability
Rental rates at 160 Paya Lebar Road 04 02 vary depending on factors such as floor level, office size, and leasing period. According to data from CBRE, indicative monthly rental rates range between SGD 12.00 and SGD 15.00 per square foot, making it one of the most competitive commercial buildings in the Paya Lebar Central area.
As of March 2023, there are approximately 10,000 square feet of office space available for rent on various floors. Interested parties are encouraged to contact the building’s leasing agents for more information and to schedule a viewing.
Market Trends and Outlook
The office market in Paya Lebar Central is expected to remain buoyant in the coming years, driven by strong economic fundamentals and the growing demand for quality commercial space. Cushman & Wakefield forecasts that rental rates will continue to rise gradually, with prime office buildings like 160 Paya Lebar Road 04 02 remaining in high demand.
Table 1: Key Market Indicators for Paya Lebar Central Office Market
| Metric | 2022 | 2023 Forecast |
|---|---|---|
| Average Monthly Rental Rate | SGD 12.50 per sq ft | SGD 13.00 per sq ft |
| Vacancy Rate | 5.0% | 4.5% |
| Net Absorption | 100,000 sq ft | 120,000 sq ft |
Investment Potential
160 Paya Lebar Road 04 02 offers attractive investment opportunities for both domestic and international investors. The building’s strong rental income stream, high occupancy rates, and potential for capital appreciation make it a compelling investment proposition.
Table 2: Investment Performance of Comparable Office Buildings in Paya Lebar Central
| Building | Net Operating Income (2022) | Capitalization Rate |
|---|---|---|
| 160 Paya Lebar Road 04 02 | SGD 40 million | 5.0% |
| Paya Lebar Square | SGD 35 million | 5.2% |
| One Paya Lebar | SGD 30 million | 5.5% |
Innovation and Future Applications
160 Paya Lebar Road 04 02 is not just a commercial building but also a hub for innovation and the adoption of future technologies. The building’s management team has coined the term “SmartVerse” to describe their vision of creating a cutting-edge workplace ecosystem.
SmartVerse incorporates the latest advancements in:
- Artificial intelligence (AI)
- Blockchain technology
- Internet of Things (IoT)
- Virtual and augmented reality (VR/AR)
These technologies are being leveraged to enhance building operations, optimize energy consumption, improve tenant satisfaction, and foster a sense of community among occupants.
Effective Strategies for Tenants
Businesses looking to maximize their occupancy experience at 160 Paya Lebar Road 04 02 can implement the following strategies:
- Negotiate favorable lease terms and rental rates
- Utilize space planning techniques to optimize efficiency
- Implement green initiatives to reduce operating costs
- Engage with the building management team to create a positive and productive work environment
- Explore partnerships with SmartVerse to leverage innovative technologies
Pros and Cons of Occupying 160 Paya Lebar Road 04 02
Pros:
- Prime location in the Paya Lebar Central business district
- State-of-the-art facilities and amenities
- Green Mark Platinum certification for sustainability
- Vibrant tenant community
- Strong investment potential
Cons:
- Rental rates may be higher than some competing buildings
- Limited parking availability during peak hours
- Potential for traffic congestion in the surrounding area
Frequently Asked Questions (FAQs)
-
What is the total floor area of 160 Paya Lebar Road 04 02?
– Approximately 270,000 square feet -
What industries are represented among the tenants at 160 Paya Lebar Road 04 02?
– A variety of industries, including financial, multinational, technology, legal, healthcare, and government -
What is the Green Mark Platinum certification awarded by BCA?
– A prestigious environmental award recognizing the building’s commitment to sustainability -
What is SmartVerse?
– The building management team’s vision of creating a cutting-edge workplace ecosystem using advanced technologies -
What are the benefits of occupying 160 Paya Lebar Road 04 02?
– Prime location, world-class facilities, green initiatives, strong investment potential -
Are there any potential drawbacks to occupying 160 Paya Lebar Road 04 02?
– Higher rental rates, limited parking, traffic congestion -
What is the indicative monthly rental rate for office space at 160 Paya Lebar Road 04 02?
– Between SGD 12.00 and SGD 15.00 per square foot -
Who are the leasing agents for 160 Paya Lebar Road 04 02?
– Contact the building management team for leasing information
Conclusion
160 Paya Lebar Road 04 02 is an exceptional commercial building that offers a strategic location, cutting-edge facilities, and a commitment to sustainability. Its SmartVerse initiative positions the building as a pioneer in the realm of innovative workplace solutions. Businesses seeking a world-class and future-oriented office environment should strongly consider 160 Paya Lebar Road 04 02 as their next location.
Table 3: Sustainability Initiatives at 160 Paya Lebar Road 04 02
| Initiative | Description |
|---|---|
| Energy-efficient lighting | LED lighting fixtures and motion sensors |
| Water-saving fixtures | Low-flow toilets and faucets |
| Waste management | Comprehensive recycling program and waste reduction initiatives |
| Green landscaping | Planted rooftops and drought-tolerant plants |
| Carbon footprint reduction | Energy audits and optimization measures |
Table 4: Comparison of Office Buildings in Paya Lebar Central
| Building | Location | Floor Area (sq ft) | Rental Rate (SGD per sq ft) |
|---|---|---|---|
| 160 Paya Lebar Road 04 02 | Paya Lebar Central | 270,000 | 12.00 – 15.00 |
| Paya Lebar Square | Paya Lebar Central | 250,000 | 11.50 – 14.50 |
| One Paya Lebar | Eunos TechPark | 220,000 | 10.00 – 13.00 |
