Office space on 18th floor of Samsung Hub put up for sale

Posted on 24 Jun 2013 | Comments Off on Office space on 18th floor of Samsung Hub put up for sale

The office space on the 18th floor of Samsung Hub has been put up for sale via an expression of interest exercise.

In a statement on Monday, marketing agent CBRE said the guide price for the prime grade A 999-year strata office floor is S$43.3 million.

Samsung Hub is a 30-storey office tower located in the Raffles Place central business district.

CBRE said the entire 18th floor has a strata area of over 13,100 square feet, with six individual strata titles, and is 100 per cent leased to three tenants.

Based on the guide price of S$43.3 million, or about S$3,300 per square foot, the agent said the gross yield would be over 3.2 per cent per annum.

As a commercial property, CBRE said the sale is open to both locals and foreigners with no additional buyers’ stamp duty (ABSD) imposed on the purchase of the property.

The expression of interest exercise will close on 24 July at 3pm.

SOurce CNA – 24 jun 2013

Comments Off on Office space on 18th floor of Samsung Hub put up for sale

Posted in Office / Retail / Industrial

Tagged ,

Chancery Garden sold via private treaty for S$41m

Posted on 24 Jun 2013 | Comments Off on Chancery Garden sold via private treaty for S$41m

Chancery Garden, a prime freehold mixed landed site in District 11, has been sold via private treaty for S$41 million.

According to OrangeTee’s Investment and Advisory Department, the S$41 million sale price translates to about S$1,391 per square foot over the land area.

The three-storey block comprises 10 apartments and townhouses and has a site area of approximately 29,468 square feet.

The size of the apartments ranges from 614 square feet to 1,109 square feet, while the size of the townhouses ranges from 1,615 square feet to 2,906 square feet.

The site is located at one of the highest points in Chancery Hill and is a five-minute drive away from the main Orchard shopping belt.

The developer could build a combination of conventional terraces, semi-detached and detached houses, as well as strata terraces, strata semi-detached houses and strata bungalows.

Source – CNA – 24 jun 2013

Comments Off on Chancery Garden sold via private treaty for S$41m

Posted in En-bloc / Collective Sales

Tagged , , ,