Tag Archives: Office Space For Sale

The Arcade at Collyer Quay put up for tender

Prime commercial development, The Arcade, is being put up for tender at a guide price of S$900 million.

The 20-storey building located at Collyer Quay, which is partly owned by City Developments, has a maximum allowable gross floor area of some 303,000 square feet, and total existing strata area of some 157,000 square feet.

Under the 2008 Master Plan, the site is zoned for “commercial” use with an allowable plot ratio of 13.86, and a building height of up to 50 storeys.

Based on recent transactions around the area, office space at the 999-year leasehold development is expected to be priced at above S$3,500 per square foot, and retail space at above S$12,000 per square foot.

The tender closes on March 19.

Source : Channel NewsAsia – 2 Jan 2014

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 : Channel NewsAsia – 24 June 2013

Chang Charn Road properties with redevelopment potential up for sale

The owners of 8 and 10 Chang Charn Road have put the properties up for sale. This offering represents a rare opportunity to acquire a quality 6 storey building with adjoining site with redevelopment potential (subject to local authority approval) which is zoned Business 1 and located in a Central Location.

The property at 8 Chang Charn Road has showroom, warehouse and conference room on the 1st storey and mezzanine; reception, offices, pantry, warehouse and bathroom on the 2nd to 5th storey; multiple purpose hall, offices and bathroom on the 6th storey and has a built up area of approximately 34,907sq ft and sits on a site of 12,519sqft.

The adjoining redevelopment site at 10 Chang Charn Road comprises a production area which is a single storey detached factory and 2 storey office block in front, comprising office and bathroom on the first storey and office on the second storey, with a plot ratio of 2.5. The site area for 10 Chang Charn Road is 8,762sqft and total built up area is 5,274sqft.

The tenure of the property is 99 year lease which has 45 years remaining and the site is located in the sought after Chang Charn Road (which currently comprises a number of car showrooms and repair workshops) near Leng Kee Road and Redhill MRT station and easily accessible via AYE Expressway. The property is currently corporate headquarters for the owners and is fully occupied.

Jones Lang LaSalle has been appointed as exclusive marketing agents for 8 and 10 Chang Charn Road. Asking price for this property is S$45 million subject to negotiation.

Mok, Sze Sze, Head of Auctions at Jones Lang LaSalle, said “Given the centrality of the area and the redevelopment potential of the site and the fact that there are limited plots in the same vicinity available for sale, we expect a strong response from the market, as it represents an excellent opportunity for corporate entities looking to house their business or corporate headquarters.”

Bugis Cube @ North Bridge Road

Bugis Cube is located at North Bridge Road, within a 10 minute walk to 5 MRT stations. It is across Bugis Junction Mall and Hotel Intercontinental.  With ERC Institute (ERCI) expected to use a level for academic purposes, this education mall will be focused on the young. Potential tenants will include F&B and electronics, creating a very lively concept.

Location: 470 North Bridge Road
Tenure: 999 years leasehold
Expected Completion: mid 2013
Total Units: 91
Total No. of Carpark Lots: Estimated 22

Unit Types: Retail / F&B / Office
Level 1-3 for F&B, Level 4-5 for retail & office, Level 6 for ERCi use (School Campus)

Unit Sizes: 136 sqft to 12xx sqft

*Misc: All units come with water point & F&B units come with water point & grease trap

Contact us at info@lushhomemedia.com with the following for more information:

Bugis Cube / Name / Contact #

EON Shenton @ Shenton Way

EON Shenton rises at the coveted site of 70 Shenton Way, illuminating the Tanjong Pagar waterfront with its majestic grandeur. Here in the Central Business District, each and every angle gives rise to international recognition and promises impressive city and sea views that extend towards the waterfront bungalows of Sentosa. Interweaving both residential and commercial spaces seamlessly, it is the epitome of work, live and play. The world is truly at EON Shenton, an address that everyone recognizes.

Location: 70 Shenton Way (District 2)
Tenure: 99-years leasehold
Expected Completion: 2016
Total Units: 253 (1 tower, 32 storeys)

Unit Types:
Shop ~ 129 to 377 sqft
Office ~ 506 to 1765 sqft
2 Bedroom ~ 527 to 689 sqft
3 Bedroom ~ 754 to 786 sqft
2 Bedroom + Balcony ~ 603 to 1120 sqft
3 Bedroom + Balcony ~ 947 to 1087 sqft
2 Bedroom Duplex ~ 947 sqft
2 Bedroom Penthouse ~ 1044 to 1195 sqft
3 Bedroom Penthouse ~ 1066 to 1249 sqft

Facilities:
Meeting Room • Lounge • Bar Counter • Reading Corner • Sky Viewing Deck • Water Garden
Outdoor Fitness Space • Veranda • Jacuzzi • Spa Pool • Sun Lounges • Steam Room • Waterfall Pool Pool Tables • Table Tennis  • BBQ • Sun Deck • Lap Pool • Wading Pool • Gymnasium

Contact us at info@lushhomemedia.com with the following for more information:

EON Shenton / Name / Contact # / Unit Type Interested

One North Residences

One North

Location: One North, Buona Vista (District 5)
Tenure: 99 years leasehold
Year of Completion: 2009
Development: 2 blocks of residential cum SOHO layout apartment with retails shops on ground floor
Total Units: 405

Unit Types (approx size):
1 bedroom ~ 560sqft
2 bedroom ~ 980 – 1250sqft
2 + 1 ~ 1100 – 1450sqft
3 bedroom ~ 1300 – 1700sqft
3 + 1 study ~ 1400sqft
4 bedroom ~ 1600sqft
Penthoue ~ 2000 – 3000sqft
SOHO – Duplex ~ 830 – 1250sqft
SOHO – Single Level ~ 500 – 700sqft

[youtube=http://www.youtube.com/watch?v=3vcamueeiBQ]

Facilities :
Swimming Pool, Clubhouse, Sky Garden, Sky Gym, Sky Pool

1 Nth Site Plan

Contact us at info@lushhomemedia.com or +65 9631 8037 for more information.

SOHO @ Central

SOHO @ CentralCentral is an upcoming landmark development located above the Clarke Quay MRT station within the Central Business District.

Pioneering a new live, work, play concept, SOHO at Central, comprising two towers with a total of 227 Small Office Home Office units, has captured the imagination of the Singapore and regional markets. Ninety per cent of the 115 units released have been sold ahead of an official launch campaign in Singapore.

The development’s popularity can be attributed to its much sought-after combination of compact spaces in a high-class development with excellent transportation connectivity. It also has the added attraction of a scenic location by the historic Singapore River.

Developer: Far East Organisation
Location: Eu Tong Sen Street (District 1)
Tenure: 99 years
Year of Completion: 2007
Total Units: 227
Type of Unit: 1 bedroom (581–872 sqft)
Facilities:

  • Lap pool
  • Jacuzzi
  • Gym
  • Outdoor spa
  • Sky gardens
  • Covered car park

An Attractive Investment

Central’s unique location by the historic Singapore River on top of the Clarke Quay MRT station places the development at the heart of a fast-growing market within the city. Says Ms Soon Su Lin, Executive Director of CB Richard Ellis, “SOHO at Central should achieve higher rental rates than standard office space as there is no other new office building above an MRT in the city with units of 600 sq ft. In addition, it has the flexibility for residential use. We believe that a net yield of six per cent is achievable for these SOHO units as compared with the four per cent return from typical strata-titled office units.”

SOHO at Central with most of its units in the 635 sq ft size range, offers a very attractive investment option for investors and owner-occupiers alike. About half of the buyers are investors, the rest are business occupiers in professional fields. Over 50 per cent of the buyers are foreigners from China, Hong Kong, Indonesia, Japan, Malaysia and Taiwan, the balance are Singaporeans.

A Revolutionary Lifestyle

SOHO at Central presents the only purpose-built home offices in Singapore. The development offers a prestigious business address with full flexibility in commercial usage. Each unit comes with quality home finishes, fully-fitted bathroom and a compact kitchenette. Owners can use the units for the dual functions of office and residential living or for the exclusive use of either purpose without the need for additional approvals from the authorities.

Each unit’s innovative workspace can be turned into cosy living spaces instantly. The high four-and-a-half metre floor-to-floor height coupled with column free space give 40 per cent more volume compared with that of a similarly sized typical office unit. Owners have full flexibility to maximise this voluminous usable space through the use of creative interior design ideas and layout planning.

Central is the first development in Singapore to integrate the diverse functions of real estate – habitation, lifestyle, business, community and transportation connectivity – within one complex. Designed for a population of 10,000 occupants, it will have two towers of SOHO units, a 25-storey office tower, a retail podium with riverfront F&B outlets, a sky garden and recreational facilities, full public amenities and a community hub.

Seamless Connectivity

The epicentre of a thriving community, Central is surrounded by an educational enclave comprising the new city campuses of Singapore Management University, LaSalle–SIA College of the Arts, and other private educational institutions in the Selegie and Bras Basah areas. An estimated 40,000 students and teaching academia, including 10,000 foreign students whom Singapore expects to attract, will study and work in the vicinity of Central.

About one kilometre away are major banking institutions in the Central Business District with a working population of 50,000. Along the Singapore River, there will be 25,000 residents living inupmarket homes. Currently, this area is popular with expatriates from Indonesia and Japan.

Central is seamlessly connected to historic Chinatown, the civic district, the arts and cultural district made up of museums, galleries and the Esplanade, as well as the entertainment belt of Clarke Quay, Boat Quay, Mohammad Sultan Road and The Fullerton Singapore.

When completed, Central is set to invigorate the landmark Singapore River by infusing a new vibrancy into the area treasured for its rich historical background and architectural and business heritage. It is a key node that will contribute to making Singapore’s city centre more distinctive and memorable.

Contact us at info@lushhomemedia.com or +65 9631 8037 for more information.