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Bugis Point on the market for $59.5 mil

By Tan Chee Yuen

/ CBRE |

September 29, 2016 3:40 PM SGT

Bugis Point, a six-storey commercial building at 530 North Bridge Road, has been put up for sale by public tender. According to CBRE, the appointed marketing agent, the property has a guide price of $59.5 million.

Bugis Point is located directly opposite Bugis Junction and the Bugis MRT interchange station. It sits on a 999-year leasehold site with a land area of 2,776 sq ft and has a total floor area of 16,975 sq ft.

Under the 2014 Master Plan, the site is zoned for full commercial use. The property is currently tenanted to a karaoke lounge operator, which occupies the entire building and an ancillary F&B space on the ground floor.

The public tender closes on Nov 9.

Bugis Point is located directly opposite Bugis Junction and the Bugis MRT interchange station

Source: CBRE

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