Two strata offices at Peninsula Plaza up for sale at $10.1 mil
By Hailey Yu
/ EdgeProp Singapore |
Peninsula Plaza (Credit: Samuel Isaac Chua/ The Edge Singapore)
SINGAPORE (EDGEPROP) - Two strata offices at Peninsula Plaza have been put up for sale via an expression of interest (EOI) exercise, with the options of obtaining both properties jointly or separately.
The two offices are up for sale for $2,700 and $3,000 psf respectively, or $10.1 million for both units. They have unblocked views of Marina Bay, and are located on different floors above the 12th storey. Both units are currently tenanted.
Cushman & Wakefield has been appointed as the sole marketing agent for the properties.
Shaun Poh, the executive director of capital markets at Cushman and Wakefield, points out that an eighth floor unit at Peninsula Plaza was sold for $2,380 psf in June.
Map view of Peninsula Plaza (Source: EdgeProp Inspector)
“New regulation preventing strata subdivision of commercial properties in prime locations, including City Hall, implies an extremely tight supply of strata offices in prime central areas in the future,” Poh adds. (Find Singapore commercial properties with our commercial directory)
Located at 111 North Bridge Road, the 999-year leasehold Peninsula Plaza is a 30-storey mixed-use development comprising a five-storey retail podium, a 24-storey office block and a carpark. City Hall MRT Station (on the North-South Line and East-West Line) is a short walking distance away.
Within the civic district of the CBD of Singapore, iconic buildings such as St Andrew’s Cathedral, National Gallery and The Supreme Court are nearby. Surrounding malls include Funan, Raffles City and Capitol Singapore.
The EOI exercise will close on Aug 11 at 3pm.
Check out the latest listings near Peninsula Plaza, City Hall MRT Station
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