Parkway Shenton & Robinson Road: A Comprehensive Guide to Central Singapore's Vibrant Business Corridor

Introduction

Parkway Shenton and Robinson Road are two prominent thoroughfares in the heart of Singapore's Central Business District (CBD). This dynamic precinct serves as a thriving commercial and residential hub, offering a diverse range of amenities and opportunities.

Location and Accessibility

Parkway Shenton is a modern arterial road that runs parallel to the Singapore River, connecting Tanjong Pagar Road with Serangoon Road. Robinson Road, on the other hand, is a historic street that extends from Raffles Place to Orchard Road.

Both roads enjoy exceptional accessibility, with numerous public transportation options available. The Tanjong Pagar MRT station on the East-West Line and Downtown MRT station on the Downtown Line provide convenient access to Parkway Shenton, while Raffles Place MRT station on the North-South and East-West Lines serves Robinson Road.

Commercial Landscape

Parkway Shenton is home to numerous Grade-A office buildings, such as Icon Building, Parkview Square, and CapitaGreen. These towers offer premium office spaces for multinational corporations, financial institutions, and tech giants.

Robinson Road is a more established business district, boasting a mix of historic buildings and modern skyscrapers. Notable developments along this street include The Fullerton Hotel, Clifford Centre, and Robinson 77.

Key statistics:

• Total office stock in Parkway Shenton: 2.9 million sq. ft.
• Total office stock in Robinson Road: 4.2 million sq. ft.
• Average rental rates in Parkway Shenton: S$10-12 per sq. ft. per month
• Average rental rates in Robinson Road: S$9-11 per sq. ft. per month

Residential Living

Parkway Shenton and Robinson Road also offer a variety of residential options, including luxury condominiums and serviced apartments. The Sail at Marina Bay and South Beach Residences are iconic developments along Parkway Shenton, while One Shenton and The Fullerton Bay Hotel are prestigious addresses on Robinson Road.

Key statistics:

• Number of residential units in Parkway Shenton: Approximately 1,500
• Number of residential units in Robinson Road: Approximately 2,000
• Average price per sq. ft. in Parkway Shenton: S$2,500-3,000
• Average price per sq. ft. in Robinson Road: S$2,000-2,500

Amenities and Lifestyle

The area surrounding Parkway Shenton and Robinson Road is a vibrant hub of activity. Numerous shopping malls, restaurants, cafes, and bars cater to the needs of residents and office workers alike.

Key amenities:

• Shopping malls: Icon Village, CapitaLand Mall, Raffles City
• Restaurants: Omakase Burger, Cicheti, 28 HongKong Street
• Cafes: Starbucks, Coffee Bean & Tea Leaf, Oriole Coffee + Bar
• Bars: LeVel33, The Terrace, Potato Head Singapore

Benefits of Investing in Parkway Shenton & Robinson Road

• Prime location: In the heart of Singapore's CBD
• Strong demand for office and residential space: Due to its strategic location and excellent amenities
• Diverse business ecosystem: Home to a wide range of industries
• Excellent connectivity: Accessible by multiple MRT lines and bus services
• Vibrant neighborhood: With a wide range of amenities and entertainment options

Pros and Cons of Investing in Parkway Shenton & Robinson Road

Pros:

• High rental yields: Due to strong demand for office and residential space
• Potential for capital appreciation: As the CBD continues to grow and develop
• Central location: Offering easy access to all parts of Singapore

Cons:

• High property prices: Compared to other areas outside the CBD
• Traffic congestion: During peak hours
• Limited parking: Especially during weekdays

Why Parkway Shenton & Robinson Road Matters

Parkway Shenton and Robinson Road play a vital role in Singapore's economy and society. They are home to some of the country's most important businesses, providing employment and generating economic growth. The area also serves as a residential hub, offering high-quality living spaces for professionals and families.

How Parkway Shenton & Robinson Road Benefits Businesses and Residents

• Businesses: Access to a highly skilled workforce, prime office space, and excellent connectivity.
• Residents: A vibrant neighborhood with a wide range of amenities and entertainment options, as well as convenient access to the rest of Singapore.

FAQs

1. What is the average rental rate for office space in Parkway Shenton?
10-12 per sq. ft. per month

2. What is the average price per sq. ft. for residential units in Robinson Road?
2,000-2,500

3. What are the major shopping malls in the area?
Icon Village, CapitaLand Mall, Raffles City

4. What is the nearest MRT station to Parkway Shenton?
Tanjong Pagar MRT station

5. What is the most iconic building in Robinson Road?
The Fullerton Hotel

6. What is the average travel time from Parkway Shenton to Changi Airport?
Approximately 30 minutes by MRT or taxi

7. What are the major banks in the area?
DBS, OCBC, UOB

8. What is the average annual salary for professionals working in the area?
S$100,000-200,000

Call to Action

Whether you are looking to invest in commercial or residential property, Parkway Shenton and Robinson Road offer a wealth of opportunities. With its prime location, thriving business ecosystem, and vibrant neighborhood, this dynamic precinct offers a compelling proposition for investors and residents alike.

Tables

Table 1: Office Stock in Parkway Shenton and Robinson Road

Table 2: Average Rental Rates in Parkway Shenton and Robinson Road

Table 3: Average Prices per Sq. Ft. of Residential Units in Parkway Shenton and Robinson Road