>

>

Portfolio of office and shop units at International Plaza for sale at $60 mil

By Atiqah Mokhtar

/ EdgeProp Singapore |

September 27, 2022 9:20 PM SGT

International Plaza (Picture: Samuel Isaac Chua/The Edge Singapore)

SINGAPORE (EDGEPROP) - A portfolio of 15 strata commercial units at International Plaza is up for sale through an expression of interest exercise at a guide price of $60 million. The units comprise five shop units and ten office units. Altogether, the portfolio has a total strata area of 18,482 sq ft. Interested parties have the flexibility to acquire the entire portfolio or individual strata units.

Read also: Serviced apartment building in Orchard Road on the market for $170 mil

International Plaza is a 50-storey mixed-use development in the CBD with direct covered access from Tanjong Pagar MRT Station on the East-West Line. The five shop units up for sale are located on the ground floor, near the main entrance of International Plaza. Sizes of the units range from 241 sq ft to 1,421 sq ft, with all units approved for F&B use. The office units comprise six adjoining units on level 29 and four adjoining units on level 33, ranging from 936 sq ft to 2,336 sq ft.

Swee Shou Fern, head of investment advisory at Edmund Tie — appointed as the portfolio's marketing agent — says it is a rare opportunity for investors to acquire prime strata commercial units in the CBD. “With URA’s recent announcement on the restriction of strata subdivision of commercial developments in the Central Area, there is a limited supply of quality strata shop and office space available for sale in the CBD." (Find Singapore commercial properties with our commercial directory)

She adds that the retail units at International Plaza, especially those on the ground floor, are rarely available for sale. “In the last five years, only two shop units on the ground floor changed hands at $8,759 psf and $7,139 psf in 2018 and 2019, respectively.” The expression of interest exercise will close on Nov 1 at 3pm.

Check out the latest listings near International Plaza, Tanjong Pagar MRT Station

Tags:

International Plaza strata commercial units retain units offices EDMUND TIE

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

UOL and CapitaLand to acquire Thomson View Condo for $810 mil

2

Is it a Good Deal?: A freehold three-bedroom in D9 sold for $3.27 million, making a $2.03 million profit

3

Chuan Park attracts 5,000 visitors on first day of preview

4

Emerald of Katong draws 10,000 as crowds surge at project sales galleries during Deepavali weekend

5

Executive Condo launches in the pipeline to test new highs of $1,700 psf

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00