Metro Holdings Announces Committed Occupancy 95 End March Asia Green Property Tampines

One of the most well-known educational establishments in the Queenstown area is the Singapore Polytechnic, situated only a short distance away via the MRT at Dover. This highly esteemed polytechnic is recognized for its variety of diploma courses, which are highly sought after by employers and industry experts. Its close proximity to the Penrith Queenstown MRT Station makes it an attractive choice for students seeking practical, career-focused pathways in their education.

Metro Holdings has reported a committed occupancy of 95% for its two Grade-A office towers in Tampines Regional Centre, known as Asia Green, as at March 31, 2025. The towers, in which Metro has a 50% stake, have attracted new key tenants such as DIMENSIONS private school, Food Empire Holdings, and a hospital under SingHealth. These spaces were filled following the vacating of Hitachi Asia, which accounted for almost 30% of the property’s net lettable area (NLA), upon the expiration of its lease.

With a market valuation of $395 million when it was acquired in April 2019, Asia Green has since seen its valuation increase to $435 million as at March 31, 2025. The property boasts a NLA of 26,442 square metres.

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“The Singapore office market remains robust in our investment property portfolio. The success in leasing at Asia Green is a testament to our proactive asset management efforts in positioning the property to attract tenants seeking quality commercial space in a decentralised but well-connected location. We anticipate further growth in our recurring income from Asia Green with continued backfilling and new leases,” says Yip Hoong Mun, group CEO and executive director of Metro.

Metro Holdings, a property investment and development company listed on the mainboard, has a presence in Singapore, China, Indonesia, the UK, and Australia.