Changi Business Park Poised to Become CBD of the East

Changi Business Park is poised to become the CBD of the East in Singapore, according to today’s Business Times report.

A new building, One@Changi City, has just been completed as part of the $50 million mixed-use development called Changi City within Changi Business Park.

One@Changi City is a nine storey office building catering to financial services companies’ back-end operations, high-technology businesses, as well as data and software firms.

The building is already more than 90% occupied, and anchor tenants include Credit Suisse, JPMorgan, and EMC Computer Systems.

Indeed, many banks have moved their back-end operations to Changi BUsiness Park in the last few years. Other banks that have offices there include DBS and Standard Chartered.

In addition, Changi City also has a retail mall and boutique hotel.

Changi City Point mall opened in April last year, and already sees close to 1 million visitors a month. This figure is set to increase further with the opening of One@Changi City.

Changi Business Park is currently served by Expo MRT station along the East-West Line, and it will also be connected to the new Downtown Line when it is complete.

With its host of amenities and increasingly good transport network, Changi Business Park has the potential to become the east’s key enterprise zone.

Two new condos that will benefit from this are Urban Vista and The Glades at Tanah Merah. Both are just 1 MRT stop away from Changi Business Park.