Strata Office Floor Gb Building Cecil Street Sale 108 Mil 3
Savills Singapore, the exclusive marketing agent for the property, has listed an entire 19th floor office space in GB Building for sale via expression of interest (EOI).
The office floor occupies a prime location within the building, spanning approximately 5,425 sq ft. It boasts exclusive lift access and a column-free floorplate. The asking price for this premium space is $10.8 million, which translates to $1,990 psf based on the floor area.
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Located at 143 Cecil Street, GB Building is a 26-storey commercial property with a highly sought-after corner plot. It enjoys dual frontage along Cecil Street and McCallum Street, and offers ample basement parking for up to 105 vehicles via its rear access.
The prestigious address, excellent connectivity, and ongoing urban transformation within the CBD make GB Building a highly desirable property, according to Savills Singapore executive director of investment sales and capital markets, Yap Hui Yee.
As the Urban Redevelopment Authority (URA) restricts new strata office development in the CBD, the strong demand for strata office space has been reflected in recent transactions. The wave of rejuvenation and redevelopment projects in the CBD includes Solitaire on Cecil (formerly PIL Building), Cecil Place at 137 Cecil Street, and Keppel South Central. The upcoming The Skywaters (redevelopment of the former AXA Tower) and Newport Tower (former Fuji Xerox Towers) are mixed-use developments that incorporate premium office space, retail, luxury residences, and hospitality, and are part of the government’s efforts to inject more life into the CBD.
As GB Building is zoned as a commercial property, it is available for purchase by both foreign buyers and companies, with no additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD) payable. The expression of interest exercise will end on October 31.