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Crown @ Robinson - rare strata freehold office building in the Central Business District at Robinson Road
Commercial properties in Singapore has seen some active transactions recently. These include a 12-storey freehold office block at 110 Robinson Road - between Finexis Building and Robinson 112, owned by OCBC, which sold it to Indonesian tycoon Tahir at around S$45.1 million or nearly S$3,169 per square foot based on the net lettable area of 14,233 sq ft. Analysts said the property presented a rare opportunity to acquire a freehold office building with a Robinson Road address for under S$50 million.
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.
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.
Centrium Square (Former Serangoon Plaza) is a good freehold commercial property in Serangoon Road
Four adjoining strata office units at The Adelphi, a 999-year leasehold property near City Hall MRT station, are being sold for S$20.7 million or about S$2,365 psf on the total strata area of 8,751 sq ft. The buyer is believed to be the Singapore Academy of Law (SAL). A body established by Statute, SAL is the promotion and development agency for Singapore's legal industry, tasked with the vision of making Singapore the legal hub of Asia.
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.
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.
ARC 380 is a magnificent 16-storey new freehold commercial development by Tong Eng Group at Lavender Street
Over at the freehold Holland Road Shopping Centre, various members of the Lim family behind Lim's Arts and Living have picked up five retail units. The units are part of nine units on the second level of the four-storey mall that were put up for tender by CBRE on behalf of their owners, two companies controlled by the Lim family. A sixth unit has been sold to an unrelated party.
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.
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.
Extracted from online article: "110 Robinson Rd sold at S$45.1m to Indonesian tycoon Tahir on 16 September 2016 | The Business Times by KALPANA RASHIWALA"
