Raffles Quay Asset Management

What Raffles Quay Asset Management does

Raffles Quay Asset Management Pte Ltd (RQAM) is a Singapore-incorporated property asset manager founded in 2001 as a joint venture between CK Asset Holdings, Hongkong Land, and Keppel Ltd. The firm markets and manages three flagship assets in Singapore's Marina Bay precinct — Marina Bay Financial Centre (MBFC), One Raffles Quay (ORQ), and Marina Bay Link Mall (MBLM) — collectively comprising approximately 4.5 million square feet of prime Grade A office space, 176,000 square feet of retail, and 649 luxury residential apartments. Its core function is leasing, marketing, and integrated facility management of these trophy assets for multinational corporates, banks, financial institutions, and lifestyle/F&B operators.

The underlying technology stack is rooted in green building engineering rather than software: the MBFC portfolio operates Singapore's first commercial-scale District Cooling System (DCS) supplied from a centralized plant to ORQ and MBFC Towers 1, 2, 3, alongside energy-efficient lifts with regenerative drives, Building Management Systems, outdoor weather stations feeding set-point optimization, smart green building monitors publishing energy/water data, and condensate water reuse. These systems underwrite consecutive BCA Green Mark Platinum certifications plus ISO 14001 (Environmental Management), ISO 45001 (Occupational Health & Safety), and ISO 41001 (Facility Management) certifications. The 'By The Bay' branded community platform and mobile app (iOS and Android) sit on top of the physical infrastructure as a tenant and visitor engagement layer.

RQAM's revenue model is recurring and asset-light at the manager level: long-dated enterprise office leases (e.g., Standard Chartered 500,000 sq ft, DBS 700,000 sq ft, HSBC Singapore HQ, Barclays 350,000 sq ft, Nomura 102,000 sq ft on a 12-year term) drive predictable rental income to the underlying property vehicles, with RQAM capturing management, leasing, and marketing fees. Ancillary recurring streams include retail leasing at MBLM and season parking across all five carparks. Go-to-market is direct enterprise sales through dedicated enquiry channels on rqam.com.sg plus relationship-based account management for institutional tenants, supported by corporate website content marketing, the By The Bay app, LinkedIn presence, email newsletters, curated events, and participation in industry events such as MIPIM.

Name

Raffles Quay Asset Management

Legal name

Raffles Quay Asset Management Pte Ltd

Website

https://rqam.com.sg

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Raffles Quay Asset Management is a Singapore-based property asset manager founded in 2001 that leases, markets, and facility-manages approximately 4.5 million square feet of prime Grade A office space across Marina Bay Financial Centre and One Raffles Quay for multinational corporations and financial institutions, plus retail at Marina Bay Link Mall.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Asset Management

NAICS

Management of Companies and Enterprises (55111)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE) (FSANAEAO)

Keywords

• Commercial property management
• Grade A office leasing
• Integrated mixed-use development
• Retail leasing services
• Building asset management

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Commercial Office Space Leasing: RQAM generates revenue primarily through leasing prime Grade A office space at Marina Bay Financial Centre and One Raffles Quay to multinational corporations and financial institutions. Properties include approximately 4.5 million square feet of prime Grade A commercial office space.
2. Retail Space Leasing: Revenue from leasing retail space at Marina Bay Link Mall, totaling approximately 176,000 square feet across Phase 1 and Phase 2.
3. Season Parking: Revenue from exclusive season parking arrangements at One Raffles Quay, MBFC Tower 1, Tower 2, Tower 3, and Marina Bay Link Mall carparks.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Raffles Quay Asset Management Pte Ltd manages and leases premium Grade A office and retail properties in Singapore's Marina Bay precinct, including Marina Bay Financial Centre (3 Grade A office towers and 649 luxury apartments), One Raffles Quay (1.29 million square feet of office space across two towers), and Marina Bay Link Mall (approximately 176,000 square feet of retail). The company provides office leasing, retail leasing, season parking, and building management services to multinational corporations, financial institutions, and retail tenants.

Product overview

Raffles Quay Asset Management Pte Ltd is a Singapore-based property management company managing a portfolio of premium commercial and retail developments in Marina Bay. The company operates a platform-plus-properties model comprising three core products: Marina Bay Financial Centre (mixed-use development with office, residential, and retail components), One Raffles Quay (Grade A office towers), and Marina Bay Link Mall (retail mall). These are complemented by By The Bay (community lifestyle app and programs), The Lawn@Marina Bay (public park), and ancillary services including office leasing, retail leasing, and season parking services.

Differentiator

Problem solved

Functional benefit

Brands

• By The Bay: An enriching hub community platform for Marina Bay Financial Centre, One Raffles Quay, and Marina Bay Link Mall, offering lifestyle content, events, promotions, and rewards through the By The Bay mobile app.

Products and services

• Marina Bay Financial Centre Singapore's largest integrated mixed-use development comprising three Grade A office towers with nearly 3 million square feet of office space, two residential towers with 649 luxury apartments, and approximately 176,000 square feet of retail space. Leased to multinational corporations and financial institutions.
• One Raffles Quay Premium Grade A office development comprising a 29-storey South Tower and 50-storey North Tower totaling 1.29 million square feet of office space, strategically positioned adjacent to Raffles Place and forming a gateway to Marina Bay. Leased to global financial institutions and professional services firms.
• Marina Bay Link Mall Retail component of Marina Bay Financial Centre offering approximately 176,000 square feet of quality retail brands, dining outlets, and lifestyle services across Phase 1 and Phase 2. Phase Two located in Tower 3.
• By The Bay Community Platform

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• SISTIC.com Pte LtdminorGTM or Marketing PartnerRQAM is an authorized SISTIC agent for ticket sales in connection with events at Marina Bay Link Mall.

Scale indicators6 records

Recent moves8 records

Expansion highlights3 records

Direct peers

• CapitaLand Integrated Commercial Trust: Singapore-listed REIT owning Grade A office and retail assets (including Raffles Place and Marina Bay) with similar financial-institution tenant base and Marina Bay positioning; directly comparable in asset class, geography, and tenant mix.
• Mapletree Pan Asia Commercial Trust: Singapore-listed commercial REIT with Grade A office portfolio including Bank of America Merrill Lynch HarbourFront and Mapletree Anson; directly comparable as a Singapore-focused commercial REIT manager.
• Keppel REIT: Singapore-listed REIT managed by Keppel and co-owner of one-third interests in MBFC and ORQ; the sister vehicle to RQAM and the most direct in-portfolio peer with shared ownership of RQAM-managed assets.
• Suntec REIT: Singapore-listed REIT and co-owner of one-third interests in MBFC and ORQ, also owns the iconic Suntec City office and convention complex; directly comparable as a JV partner and Singapore commercial REIT.

Broad incumbents

• CapitaLand Investment: Asia's largest diversified REIT manager with deep Singapore Grade A office exposure; comparable at the asset-management-platform level with broader geographic and asset-class reach than RQAM.
• Mapletree Investments: Temasek-linked Singapore asset manager with commercial, logistics, and residential portfolios; comparable as a Singapore-headquartered real assets manager with similar institutional ownership structure.
• City Developments Limited: Singapore-listed developer with commercial office portfolio (including Republic Plaza) and integrated developments; comparable as a Singapore commercial property owner-developer competing for the same Grade A tenants.
• Hongkong Land (Jardine Matheson): One of RQAM's three parent JV partners and a major Asian landlord managing HK$40B+ of mixed-use real estate in Asian gateway cities; comparable as a JV parent and pan-Asian peer in the same family of owned-and-managed trophy assets.
• OUE Limited: Singapore-listed property group with Grade A office assets (OUE Bayfront, OUE Downtown) positioned in the Marina Bay/CBD precinct; comparable as a Singapore-focused commercial real estate owner competing for Marina Bay tenants.

Emerging players

• Frasers Property Singapore: Singapore commercial property arm of Frasers Property with Alexandra Point and Central Point office assets; comparable as a Singapore Grade A office landlord competing for financial-institution and multinational tenants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rqam

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raffles Quay Asset Management