Among the many commercial deals seen transacted recently are six of the nine strata retail units on the second level of Holland Road Shopping Centre - along with an industrial unit at 211 Henderson - offered at a tender conducted by CBRE and which closed last month.
SAL is currently located in the Supreme Court Building next to The Adelphi. When contacted, the Academy said last Friday that it is looking at the purchase of office space close to the Supreme Court. The move will enable SAL to house its operational units at its own premises instead of paying rent to the Supreme Court.
The six units, with sizes between 237 sq ft and 732 sq ft, were transacted at S$4,346 psf to S$5,403 psf. Absolute prices ranged from S$1.12 million to S$3.95 million. The balance three retail units will be put on the auction block jointly by CBRE and Colliers at the latter's auction on Sept 21 at Amara Singapore in Tanjong Pagar.
The August tender also included a 4,962 sq ft strata freehold industrial unit on the second level of 211 Henderson, which has also been sold for S$2.98 million or S$600.56 psf, Ms Lim revealed. The buyer is not linked to the Lims.