Several Strata Office Units In Southpoint Snapped Up For $32.68mil
SINGAPORE – A number of strata office units at the Southpoint tower in Tanjong Pagar have changed hands for a total of S$32.68 million, reported The Edge on Wednesday noon (18 January, SGT).
The overall selling price translates to around S$3,000 psf, given that the strata office units collectively measure more than 10,893 sq ft.
The office transaction represents a new record psf price for office units housed within the freehold 16-storey office building situated at 200 Cantonment Road, revealed Savills Singapore’s Executive Director for investment sales and capital markets Yap Hui Yee, who negotiated the office deal.
Interestingly, the female real estate agent also brokered the sale of 2 office floors at Southpoint in 2019. Back then, two office floors (level 10 and 11) at the commercial property were acquired for S$2,444 psf.
“It’s a strong testament that with Savills’ unparalleled local market knowledge, we are able to advise our clients to achieve the highest price and best exit strategy for their acquisition,” Yap enthused.
Apart from being situated close to Singapore’s highly-anticipated Greater Southern Waterfront precinct in District 2, the Southpoint office tower is within proximity to 2 existing and 1 upcoming MRT stations. Respectively, these are Outram, Tanjong Pagar, and Cantonment.