Booming Business for Rooftops

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As available real estate space in Singapore rapidly declines, businesses and event organizers are looking for alternatives via rooftop rentals. From highly coveted Orchard Road and the Central Business District to Chinatown, wide open rooftop spaces are available for the taking. More office and commercial buildings are converting drab rooftop spaces into restaurants, event venues, and urban gardens. Since last year, People’s Park Complex, an open-air carpark, was deemed one of the best nightlife spots in the city. Lepark, the manager of the 63,000 sq ft venue has been dedicated to consistently organizing outdoor events at the unexpected location, hosting concerts, craft markets, film screenings, and a yoga festival. .

The Getai Group has been equally dedicated to co-organizing public activities and events and joined forces with Lepark and TAJ back in May to produce the Getai Ethnica music festival as part of the Singapore Heritage Festival. The event attracted approximately 3,000 people over two days. Getai Ethnica mixed the world jazz sounds of Qilin Group with the acoustic songwriting of the HubbaBubbas followed by a performance from TAJ. TAJ is a Singapore based instrumental jazz hip-hop band comprised of Timmy D, JR, and Audrey 10k.

Open-air rooftop venues were particularly popular throughout the summer. In July, a concert featuring YouTube sensation Us The Duo performed at “A Rooftop Affair.” It allowed people to experience Singapore city from a very different perspective. According to Edmund Chye, executive director of Chye Lee & Sons, “In space-starved Serangoon Garden and Singapore in general, it’s difficult to find a space where the community can come together to bond.”

In addition to entertainment, rooftops give consumers access to urban farms. Bjorn Low, co-founder of the urban farming company, Edible Garden, has been on a mission to provide the city with numerous rooftop urban farms. Since last October, he and his team have been able to turn a 3,300 sq m garden on top of Wheelock Place into a vegetable patch.

Although there are various rooftop spaces available, this isn’t a quick fix for the lack of space available in the city. Moreover, because space is limited, many rooftop bars are tiny and can feel claustrophobic. What’s most important is that Singapore real estate investors now have more options – and the people love it.