Singapore amongst top APAC markets for green-certified Grade A offices

This places the city-state ahead of mature markets like Sydney (67%) and Melbourne (66%).

Singapore has emerged as one of the regional leaders in green office building adoption, with 79% of Grade A offices certified under green building standards—the second highest in Asia Pacific, according to CBRE.

This places the city-state ahead of mature markets like Sydney (67%) and Melbourne (66%). Only Tokyo has a higher adoption rate, at over 90%.

Whilst green-certified offices in Singapore continue to enjoy higher occupancy rates than their non-certified counterparts, CBRE noted that the rental premium for green offices has narrowed.

This is largely due to the high level of green penetration in the market, which has made sustainability features a baseline expectation rather than a value-add.

Despite economic headwinds, 65% of corporates in Asia Pacific, including those based in Singapore, remain committed to net-zero goals. However, many are extending their target timelines, citing rising costs and implementation challenges.

CBRE also highlighted that landlords and tenants in Singapore are taking more collaborative approaches to decarbonisation, through mechanisms like green leases and co-investment in energy retrofits.