*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.
**Based on 3rd-party rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.
GB BUILDING is located along Cecil Street in Downtown Core, in District 1. It is accessible through the nearest MRTs including Shenton Way TE19 and Tanjong Pagar EW15. Other nearby amenities include: 3 Childcare Centre(s): DA LITTLE PRESCHOOL AT CECIL PRIVATE LIMITED, KINDERLAND PRESCHOOL, GENIUS HIVE PRE-SCHOOL PTE. LTD., and 3 Grocerie(s): AP HOUSE PTE. LTD., LITTLE FARMS PTE. LTD., COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Kindergarten(s): PCF SPARKLETOTS PRESCHOOL @ TANJONG PAGAR-TIONG BAHRU Blk 1E (KN), Fairfield Methodist Church Kindergarten, PCF Tanjong Pagar-Tiong Bahru Blk 1E, and 3 Shopping Mall(s): INTERNATIONAL PLAZA, CHINA SQUARE CENTRAL, CHINA SQUARE CENTRAL - CHINA COURT.
Based on transaction data in the last 12 months, the highest recorded transaction was S$ 1,582 psf in Jul 2021 for a 5,425 sqft unit for Office. Its lowest recorded transaction was S$ 1,582 psf in Jul 2021 for a 5,425 sqft unit for Office.
Buyers and tenants are attracted to District 1, which covers areas such as Cecil, Raffles Place, Marina, People’s Park and Boat Quay. District 1 is home to the largest financial hub in Singapore, spanning from Raffles Place to Marina Bay, an area built on reclaimed land. Dubbed the “Wall Street” of Singapore, Raffles Place and Marina Bay have the highest concentration of Grade A offices - highly sought-after by financial institutions and professional service firms. Apart from business activities, District 1 is also a popular destination for recreational activities and tourism. Situated right next to the Central Business District is Boat Quay positioned at the mouth of the Singapore River. Once the busiest quay in Singapore, Boat Quay has transformed into a popular hang-out place for food and drinks, featuring an eclectic mix of high-end restaurants, alfresco dining and bars. Comprised of high-end developments, houses in District 1 are highly popular amongst both local and foreign home-buyers.
As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
Source: URA , https://www.edgeprop.sg