Penthouse office floor at Chinatown Point launched for sale

/ EdgeProp Singapore
January 8, 2019 5:20 PM SGT
The penthouse office floor in Chinatown Point has been launched for sale at a guide price of $2,080 psf via an Expression of Interest (EOI) exercise, with CBRE as the sole marketing agent.
Chinatown Point is a mixed-use development completed in 1990 (Credit: CBRE)
With a combined strata floor area of about 9,719 sq ft, the sale offering consists of four strata-titled units, with areas ranging from 2,346 sq ft to 2,486 sq ft.
Completed in 1990, the mixed-use Chinatown Point comprises an office block from the 8th to 25th storey, and a retail podium from basement 2 to the 5th storey. It was refurbished in 2012. There are 361 carpark lots provided across four levels.
Chinatown Point enjoys high visibility with wide dual frontages, given its corner location along New Bridge Road and Upper Cross Street.
The key selling points include the “spectacular view that the penthouse office units command – overlooking the Singapore River, shophouses and the CBD skyline”, notes Sammi Lim, director, capital markets, CBRE. This development is observed to have been “extremely popular with law firms who want to be near to the State Courts, and the Family and Juvenile Court”, adds Lim. Chinatown Point is directly linked to Chinatown MRT Interchange Station.
Investors have the option to divest the units on an individual basis in the future. As the units are zoned “Commercial” under the 2014 Master Plan, both local and foreigners are eligible to purchase them without Additional Buyers’ Stamp Duty or Sellers’ Stamp Duty imposed.
The EOI will close on Feb 22.