Raffles Place is the centre of the Financial District of Singapore and is located south of the mouth of the Singapore River. It was first planned and developed in the 1820s as Commercial Square to serve as the hub of the commercial zone of Singapore in Raffles Town Plan. It was renamed Raffles Place in 1858 and is now the site of a number of major banks. It is located in the Downtown Core within the Central Area, and features some of the tallest buildings and landmarks of the country.

The Jackson Plan or Raffles Town Plan, an urban plan of 1822 titled "Plan of the Town of Singapore", is a proposed scheme for Singapore drawn up to maintain some order in the urban development of the fledgling but thriving colony founded just three years earlier. It was named after Lieutenant Philip Jackson, the colony's engineer and land surveyor tasked to oversee its physical development in accordance with the vision of Stamford Raffles for Singapore, hence it is also commonly called Raffles Town Plan. Raffles gave his instructions in November 1822, the plan was then drawn up in late 1822 or early 1823 and published in 1828. It is the earliest extant plan for the town of Singapore, but not an actual street map of Singapore as it existed in 1822 or 1827 since the plan is an idealised scheme of how Singapore may be organised that was not fully realised. Nevertheless, it served as a guide for the development of Singapore in its early days, and the effect of the general layout of the plan is still observable to this day.