Pil Building

Overview

Sales

Rental

Surrounding

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Overview

Sales

Rental

Surrounding

More

Details

No data

*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.

Description
Pil Building is a leasehold (99 yrs from 1977) commercial property. The development occupies a land area of 1,479 sqm and a Gross Floor Area of 16,567 sqm.

Pil Building is located along Cecil Street in Downtown Core, in District 1. It is accessible through the nearest MRTs including Telok Ayer DT18 and Shenton Way TE19. Other nearby amenities include: 3 Grocerie(s): AP HOUSE PTE. LTD., AL MARCHE PTE LTD, LITTLE FARMS PTE. LTD., and 3 Shopping Mall(s): CAPITAL SQUARE, CHINA SQUARE CENTRAL, CHINA SQUARE CENTRAL - CHINA COURT.

Based on transaction data in the last 12 months, the highest recorded transaction was S$ 16,575 psf in Jan 2022 for a 19,536 sqft unit for Office. Its lowest recorded transaction was S$ 16,575 psf in Jan 2022 for a 19,536 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.
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

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Sales Transaction of Cecil Street

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Asking Price of PIL BUILDING

Source: URA, https://www.edgeprop.sg

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Rental Transactions of Cecil Street

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Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on 3rd-party Rental data in the last 12 months.

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Listings

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Property News

[UPDATE] TE Capital Partners and LaSalle Investment officially launch strata offices at Solitaire on Cecil

Property News

[UPDATE] TE Capital Partners, LaSalle Investment Management jointly acquire PIL Building for $323.8 mil

Property News

TE Capital Partners in exclusive due diligence to buy PIL Building

FAQs about PIL BUILDING

What is the nearest MRT Station to PIL BUILDING ?
The nearest MRT Station from PIL BUILDING is Tanjong Pagar EW15,DT17,DT18,TE19 MRT

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