High Street Plaza In S$239m En Bloc Sale

SINGAPORE – High Street Plaza, a commercial building along 77 High Street, has been launched for collective sale starting from Wednesday, reported The Edge on Tuesday afternoon (12 January, SGT).

It is being marketed at an indicative price of S$239 million, which works out to S$2,153 psf per plot ratio (ppr).

The 11-storey commercial property mainly consists of office space. It stands on a 13,229 sq ft land plot with a 999-year lease. It has a gross plot ratio (GPR) of 7.0, and is zoned for commercial use under the 2019 Master Plan of the Urban Redevelopment Authority (URA).

Apart from being a stroll to the Clarke Quay MRT Station, it is also near the MRT stations in City Hall, Fort Canning, and Raffles Place.

High Street Plaza is being marketed by ERA Realty, and its public tender closes at 3pm on 24 February.

Meanwhile, The Edge reported on Tuesday afternoon that 12 International Business Park off Jurong Town Hall Road is available for sale for S$40 million.

The commercial complex sits on an 86,115 sq ft site and has an overall gross floor area (GFA) of 116,695 sq ft. It has a plot ratio of 2.5, and is zoned as a “Business Park” under the URA’s 2019 Master Plan.

The development is under the purview of JTC. It has a leasehold tenure of 60 years, with a remaining lease of 34 years that commenced on 1 December 1995.

Furthermore, 12 International Business Park is close to lquest, Icon @ IBP, the Acer Building, The Synergy, The Strategy, the German Centre, and the Nordic European Centre.