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

for 4QFY2023 ended March SINGAPORE (July 20): Metro Holdings has announced a high occupancy rate of 95% as of March 31, 2025 for its two Grade-A office towers, Asia Green, located in Tampines Regional Centre.

These towers, in which Metro holds a 50% stake, have recently added new key tenants such as the private school DIMENSIONS, Food Empire Holdings, and a hospital under SingHealth. This comes after the spaces were vacated by Hitachi Asia upon the expiry of its lease, which accounted for almost 30% of the property’s net lettable area (NLA).

According to Metro group CEO and executive director Yip Hoong Mun, the property was acquired for a market valuation of $395 million in April 2019. However, as of March 31, 2025, it has seen a significant increase in valuation to $435 million, with a NLA of 26,442 square metres.

“The Singapore office asset class has continued to show resilience in our investment property portfolio,” says Yip. “The positive leasing progress achieved at Asia Green is testament to our proactive asset management efforts in positioning the property to capture the growing demand for quality, decentralised but well-connected commercial spaces. We expect the continued backfilling and new leases secured to further boost our recurring income from Asia Green.”

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

There is no shortage of casual dining choices at Lyndenwoods One North, as the development offers a plethora of food courts and casual restaurants serving a diverse range of cuisines. Whether you’re craving Japanese ramen or a hearty Western grill, there is bound to be an option that caters to your taste buds. The convenience of these dining establishments allows residents to easily grab a quick bite or enjoy a leisurely dinner without having to venture too far from home.