Two office units at Suntec City and Cecil Street up for sale

By
/ EdgeProp Singapore
|
April 20, 2021 7:55 PM SGT
SINGAPORE (EDGEPROP) - Two strata office units in the CBD are up for sale, according to Knight Frank, which is marketing the properties.
GB Building - EDGEPROP SINGAPORE
The office space on the market in GB Building is on Level 4, and spans 3,294 sq ft (Credit: Knight Frank)
The properties comprise one office unit in GB Building and another office unit in Suntec Tower 1, and can be purchased individually or as a portfolio. When asked, Knight Frank did not disclose the price for the properties.
The office space in GB Building is on Level 4, and spans 3,294 sq ft. Located at 143 Cecil Street, GB Building is a 99-year leasehold, 26-storey office development with a three-level basement car park that can accommodate 105 vehicles. It is within walking distance to Telok Ayer MRT Station and Tanjong Pagar MRT Station.
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Recent strata office transactions within GB Building include the units on Level 7, which were sold for $9.5 million or $1,751 psf in November 2020, says Knight Frank.
Suntec Tower 1 - EDGEPROP SINGAPORE
The office unit up for sale in Suntec Tower 1 spans 3,498 sq ft of strata area at Level 15 (Credit: Knight Frank)
Meanwhile, the office unit in Suntec Tower 1 that is up for sale spans 3,498 sq ft of strata area at Level 15. Suntec Tower 1 is part of the Suntec City integrated development, which consists of five Grade-A office towers, a mall and a convention and exhibition centre.
Recent strata office transactions within Suntec Tower 1 include a unit on Level 21 that was sold for $11.3 million or $2,900 psf in February this year, and another unit located on Level 37 of Suntec Tower 2 that was sold $8.68 million or $2,965 psf in January, Knight Frank says.
Both locals and foreigners are eligible to purchase the assets, which are zoned for commercial use. There will be no additional buyer's stamp duty or seller's stamp duty imposed on the purchase of the properties.
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The expression of interest exercise for both office units will close on May 20, at 3pm.